20-F/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 20-F/A

(Amendment No. 1)

(Mark One)

¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2017

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

for the transition period from                      to

OR

¨ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of event requiring this shell company report

Commission file number 001-38252

Spark Networks SE

(Exact name of Registrant as specified in its charter)

Not Applicable

(Translation of Registrant’s name into English)

Germany

(Jurisdiction of incorporation)

Kohlfurter Straße 41/43

Berlin 10999

Germany

(address of principal executive offices)

Robert W. O’Hare, Tel: (+49) 30 868 000 102 Kohlfurter Straße 41/43 Berlin 10999 Germany

(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)

Securities registered or to be registered, pursuant to Section 12(b) of the Act

Title of each class	Name of each exchange on which registered
American Depositary Shares each representing one-tenth of an ordinary share	New York Stock Exchange
Ordinary shares, €1.00 nominal value per share*	New York Stock Exchange
* Not for trading purposes, but only in connection with the registration of American Depositary Shares pursuant to the requirements of the Securities and Exchange Commission.

Securities registered or to be registered pursuant to Section 12(g) of the Act.

None

(Title of Class)

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act

None

(Title of Class)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.    Yes  ¨    No  x

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.     Yes  ¨    No  x

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.     Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).     Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer  ¨           Accelerated filer  ¨           Non-accelerated filer  x           Emerging growth company  x

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards † provided pursuant to Section 13(a) of the Exchange Act.  ¨

† The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

U.S. GAAP  ¨ International Financial Reporting Standards as issued by the International Accounting Standards Board  x Other  ¨

If “Other” has been checked in response to the previous question indicate by check mark which financial statement item the registrant has elected to follow.    Item 17  ¨    Item 18  ¨

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  o    No  x

Indicate the number of outstanding shares of each of the issuer’s classes of capital stock or common stock as of the close of business covered by the annual report. 1,293,219 ordinary shares.

EXPLANATORY NOTE

This Amendment No. 1 to Spark Networks SE’s Annual Report on Form 20-F for the fiscal year ended December 31, 2017, originally filed with the Securities and Exchange Commission on April 25, 2018 (the “2017 Form 20-F”), is being filed solely for the purposes of furnishing the Interactive Data File disclosure as Exhibit 101 in accordance with Rule 405 of Regulation S-T. This Exhibit was not previously filed.

Other than as expressly set forth above, this Amendment No. 1 to the 2017 Form 20-F does not, and does not purport to, amend, update or restate the information in any other item of the 2017 Form 20-F, or reflect any events that have occurred after the 2017 Form 20-F was originally filed.

PART III.

Item 19. Exhibits.

Exhibit No.	Description
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

SIGNATURES

The registrant hereby certifies that it meets all of the requirements for filing on Form 20-F and that it has duly caused and authorized the undersigned to sign this Amendment No. 1 to its 2017 Form 20-F on its behalf.

	Spark Networks SE
Date: May 24, 2018	By:	/s/ Robert W. O’Hare
		Robert W. O’Hare
		Chief Financial Officer

XML

Document and Entity Information	12 Months Ended
	Dec. 31, 2017 shares
Document And Entity Information [Abstract]
Entity Registrant Name	Spark Networks SE
Entity Central Index Key	0001705338
Trading Symbol	lov
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding	1,293,219
Document Type	20-F
Document Period End Date	Dec. 31, 2017
Amendment Flag	false
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	FY

XML

Consolidated Balance Sheets - EUR (€) € in Thousands	Dec. 31, 2017	Dec. 31, 2016
ASSETS
Non-current assets	€ 47,148	€ 20,141
Intangible assets (Note 5.1)	35,136	9,634
Internally generated software	3,503	1,007
Licenses and domains	128	37
Brands and trademarks	4,917	2,605
Intangible assets under development	1,090
Other intangible assets	2,314	2,661
Goodwill	23,184	3,324
Property, plant and equipment (Note 5.2)	2,082	485
Leasehold improvements	186	245
Other and office equipment	373	240
Property, plant and equipment under construction	1,523
Other non-current financial assets (Note 5.4)	23	21
Deferred tax assets (Note 5.6)	9,907	10,001
Current assets	22,034	17,127
Current trade and other receivables	13,820	9,063
Trade receivables (Note 5.3)	6,814	4,272
Other financial current assets (Note 5.4)	3,156	2,489
Other assets (Note 5.5)	3,850	2,302
Cash and cash equivalents (Note 5.7)	8,214	8,064
TOTAL ASSETS	69,182	37,268
SHAREHOLDER'S EQUITY AND LIABILITIES
Shareholder's equity (Note 5.8)	19,477	(24,723)
Subscribed capital	1,317	25
Capital reserves	48,877
Share-based payment reserve (Note 4.11)	2,747	2,259
Accumulated deficit	(32,581)	(27,007)
Accumulated other comprehensive income	(883)
Non-current liabilities	765	33,161
Non-current borrowings (Note 5.9)		5,850
Other non-current provisions (Note 5.10)	17	17
Other non-current financial liabilities (Note 5.11)		26,280
Deferred tax liabilities (Note 5.13)	725	929
Non-current deferred income (Note 5.15)	23	85
Current liabilities	48,940	28,830
Current borrowings (Note 5.9)	5,850	5
Other current provisions (Note 5.10)	1,159	806
Current trade and other payables	21,291	9,637
Trade payables (Note 7.1)	11,489	5,568
Other financial current liabilities (Note 5.11)	6,515	1,337
Other liabilities (Note 5.12)	3,287	2,732
Current income tax liabilities (Note 5.14)	286	335
Current deferred income (Note 5.15)	20,354	18,047
TOTAL SHAREHOLDER'S EQUITY AND LIABILITIES	€ 69,182	€ 37,268

XML

Consolidated Statements of Operations and Comprehensive Loss / Income - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Continuing operations
Revenue (Note 4.1)	€ 85,637	€ 73,491	€ 60,442
Cost of revenue (Note 4.3)	(58,776)	(51,202)	(44,630)
Gross profit	26,861	22,289	15,812
Other income (Note 4.4)	54	126	309
Other operating expenses	(32,030)	(19,742)	(15,193)
Sales and marketing expenses (Note 4.5)	(5,540)	(3,919)	(3,036)
Customer service expenses (Note 4.6)	(3,971)	(2,791)	(2,357)
Technical operations and development expenses (Note 4.7)	(6,428)	(3,305)	(3,849)
General and administrative expenses (Note 4.8)	(16,091)	(9,727)	(5,951)
Operating (loss)/profit	(5,115)	2,673	928
Interest income and similar income	239	157	30
Interest expense and similar charges	(782)	(425)	(103)
Net finance expenses (Note 4.9)	(543)	(268)	(73)
(Loss)/income before taxes	(5,658)	2,405	855
Income tax benefit(expense) (Note 4.12)	84	(1,082)	(445)
(Loss)/profit from continuing operations	(5,574)	1,323	410
Discontinued operations
Loss from discontinued operations, net of tax (Note 4.2)	0	(632)	(959)
Net (loss)/profit	(5,574)	691	(549)
Other comprehensive income	(883)	0	0
Total comprehensive (loss)/income for the year	€ (6,457)	€ 691	€ (549)
Earnings per share
Basic earnings/(loss) per share (In euro per share) (Note 4.13)	€ (24.23)	€ 27.64	€ (21.96)
Diluted earnings/(loss) per share (In euro per share) (Note 4.13)	(24.23)	27.64	(21.96)
Earnings per share - continuing operations
Basic earnings/(loss) per share (In euro per share) (Note 4.13)	(24.23)	52.92	16.40
Diluted earnings/(loss) per share (In euro per share) (Note 4.13)	€ (24.23)	€ 52.92	€ 16.40

XML

Consolidated Statement of Shareholder's Equity - EUR (€) € in Thousands	Subscribed capital	Treasury share reserves	Other capital reserves	Share-based payment reserve	Accumulated deficit	Accumulated other comprehensive income	Total
Balance (Note 5.8) at Dec. 31, 2014	€ 25			€ 668	€ (27,149)	€ 0	€ (26,456)
Net income (loss) for the period					(549)		(549)
Comprehensive income for the period ended December 31, 2015, 2016, 2017 respectively					(549)		(549)
Share-based compensation (Note 4.11)				600			600
Balance (Note 5.8) at Dec. 31, 2015	25			1,268	(27,698)	0	(26,405)
Net income (loss) for the period					691		691
Comprehensive income for the period ended December 31, 2015, 2016, 2017 respectively					691		691
Share-based compensation (Note 4.11)				991			991
Balance (Note 5.8) at Dec. 31, 2016	25			2,259	(27,007)		(24,723)
Net income (loss) for the period					(5,574)		(5,574)
Currency translation adjustment						(883)	(883)
Comprehensive income for the period ended December 31, 2015, 2016, 2017 respectively					(5,574)	(883)	(6,457)
Reorganization	945		€ 19,725				20,670
Issuance of new shares	347		29,152				29,499
Purchase of treasury shares in connection with establishing the Chardonnay Trust (Note 5.8)		(24)	24				0
Share-based compensation (Note 4.11)				488			488
Balance (Note 5.8) at Dec. 31, 2017	€ 1,317	€ (24)	€ 48,901	€ 2,747	€ (32,581)	€ (883)	€ 19,477

XML

Consolidated Statements of Cash Flow - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Statement of cash flows [abstract]
Profit/(loss) for the year	€ (5,574)	€ 691	€ (549)
Non-cash items:
Depreciation of property, plant, and equipment (Note 5.2)	203	251	102
Amortization of intangible assets (Note 5.1)	2,881	1,027	38
Impairment of intangible and long-lived assets	25
Net finance expenses (Note 4.9)	543	268	73
Foreign currency gains and losses (Note 4.9)	(34)	(139)	(84)
Gain from the disposal of discontinued operations (Note 4.2)	0	(381)
Gain/loss on disposal of tangible and intangible assets (Note 5.2)	8	18
Share-based compensation expense (Note 4.11)	488	991	600
Change in operating assets and liabilities:
Change in deferred income (Note 5.15)	739	2,797	2,198
Changes in tax positions (Note 4.12)	(232)	564	(13)
Change in provisions (Note 5.10)	(594)	608	21
Change in other operating assets and liabilities	16
Changes in working capital:
Change in current trade and other receivables (Note 5.3)	(3,302)	(477)	(3,208)
Change in current trade and other payables (Note 7.1)	4,162	751	2,288
Cash inflow/outflow from operating activities	(671)	6,969	1,466
Interest paid	(509)	(129)
Net cash inflow/outflow from operating activities	(1,180)	6,840	1,466
Interest received			11
Expenditure for investments in intangible assets (Note 5.1)	(2,418)	(1,845)	(7)
Expenditure for investments in property, plant and equipment (Note 5.2)	(1,755)	(147)	(423)
Cash acquired in business combinations	6,606
Cash paid for business combinations, net of cash acquired (Note 2.2)		(5,643)
Settlement of contingent consideration in connection with a business combination	(295)
Proceeds from the disposal of discontinued operations	250
Disposal of discontinued operations, net of cash disposed of (Note 4.2)		18
Cash inflow/outflow from investing activities	2,388	(7,617)	(419)
Proceeds from shareholder loans (Note 5.9)		5,850
Settlement of contingent consideration in connection with a business combination	(1,000)
Proceeds from issuance of capital	120
Proceeds from bank loans (Note 5.9)		4
Repayment of bank loans	(5)
Cash inflow/outflow from financing activities	(885)	5,854
Change in cash and cash equivalents	323	5,077	1,047
Cash and cash equivalents at January 1	8,064	2,987	1,940
Effects of exchange rate fluctuations on cash	(173)
Cash and cash equivalents at December 31	€ 8,214	€ 8,064	€ 2,987

XML

Description of Business and Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2017

Disclosure Of Description Of Business And Summary Of Significant Accounting Policies [Abstract]

Description of Business and Summary of Significant Accounting Policies

Note 1. Description of Business and Summary of Significant Accounting Policies

1.1 Reporting Entity

Spark Networks SE is domiciled in Germany. The company’s office is at Kohlfurter Str. 41/43, 10999 Berlin, registered with the commercial register (Handelsregister) of the local court (Amtsgericht) of Munich, Germany, under HRB 232591. The Group consists of Spark Networks SE (“Spark Networks”) and its fully owned subsidiaries. The Group is a global operator of online dating websites and targets professionals and university-educated singles who are looking for a serious, long-term relationship. The Group reports two reportable segments – North America and International – and operates a portfolio of premium brands including EliteSingles, Jdate, Christian Mingle, SilverSingles, eDarling, JSwipe, and AttractiveWorld in 29 countries and 15 languages. Spark Networks SE is publicly listed on the NYSE American exchange under the ticker symbol “LOV.”
 

The Group was formed in 2017 through the merger of Affinitas GmbH (“Affinitas”) and Spark Networks, Inc. (“Spark”) with Affinitas as the accounting acquirer and, therefore, the accounting predecessor of Spark Networks. As such, these consolidated financial statements are presented using the pre-combination book values (including comparatives) from the consolidated financial statements of Affinitas. The merger with Spark, which became effective on November 2, 2017, is accounted for as a business combination using the acquisition method.

 

1.2 Basis of Accounting

These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). They were authorized for issuance by the Group’s management board on April 24, 2018.

1.3 Functional and presentation currency

These consolidated financial statements are presented in euro, which is the Group’s presentation currency. All amounts have been rounded to the nearest thousand, unless otherwise indicated. The financial statements of the Group’s foreign subsidiaries are prepared using the local currency as the subsidiary’s functional currency. The Group translates the assets and liabilities into euro using period-end rates of exchange, and revenue and expenses using average rates of exchange for the year. The resulting translation gain or loss is included in accumulated other comprehensive loss and is excluded from net loss.

1.4 Use of judgments and estimates

In preparing these consolidated financial statements, management has made judgments, estimates and assumptions that affect the application of the Group’s accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognized prospectively.

Assumptions and estimation uncertainties

Information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment in the year ending December 31, 2017 is included in the following notes:

· recognition and measurement of provisions and contingencies: key assumptions about the likelihood and magnitude of an outflow of resources;

· impairment test: key assumptions underlying recoverable amounts;

· classification and measurement of virtual employee share option plan: key assumptions underlying the classification of the virtual employee share-option plans as equity-settled, the Black-Scholes option valuation model to calculate the fair value of granted share-based awards;

· recognition and measurement of internally generated software: key assumptions about the future economic benefits expected from those intangible assets;

· recognition of deferred tax assets: availability of future taxable profit against which tax losses carried forward can be used;

· acquisition of subsidiaries: fair value of the consideration transferred (including contingent consideration) and fair value of the assets acquired and liabilities assumed in accordance with IFRS 3 Business Combinations (“IFRS 3”); and

· the amount of revenue is based on estimates about future refunds and chargebacks. Revenue is realized to the extent that it is probable that the future economic benefits flow to the Group.

Measurement of fair values

A number of the Group’s accounting policies and disclosures require the measurement of fair values, for both financial and non-financial assets and liabilities.

The Group regularly reviews significant inputs and valuation adjustments.

If third-party information, such as broker quotes or pricing services, is used to measure fair values, then the Group assesses the evidence obtained from the third parties to support the conclusion that these valuations meet the requirements of IFRS, including the level in the fair value hierarchy in which the valuations should be classified.

When measuring the fair value of an asset or a liability, the Group uses observable market data as far as possible. Fair values are categorized into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows:

· Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.

· Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).

· Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).

If the inputs used to measure the fair value of an asset or a liability fall into different levels of the fair value hierarchy, then the fair value measurement is categorized in its entirety at the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement.

The Group recognizes transfers between levels of the fair value hierarchy at the end of the reporting period during which the change has occurred.

Further information about the assumptions made in measuring fair values is included in the following notes:

· share-based payment arrangements;

· financial instruments; and

· assets acquired and liabilities assumed in a business combination (acquisition of subsidiary)

1.5 Basis of measurement

The consolidated financial statements have been prepared on the historical cost basis except for the contingent consideration assumed in a business combination, which is measured at fair value on each reporting date.

1.6 New standards, interpretations and amendments to standards and interpretations

A number of new standards and amendments to standards are effective for annual periods beginning after January 1, 2018, and earlier application is permitted; however, the Group has not early adopted the following new or amended standards in preparing these consolidated financial statements.

Standard/Interpretation
IFRS 15	Revenue from contracts with customers
IFRS 16	Leases
IFRS 9	Financial instruments
IFRS 17	Insurance contracts
Amendments to IFRS 15	Amendments to 'Revenue from contracts with customers'
Amendments to IFRS 9	Amendments to 'Financial instruments'
Amendments to IFRS 2	Clarify share-based payment transactions
Amendments to IFRS 4	Amendments regarding implementation of IFRS 9
Amendments to IAS 28	Amendments to IAS 28 regarding long-term interests in associates and joint ventures
Amendments to IAS 40	Amendments regarding transfers of investment property
IFRIC 22	Foreign currency transactions and advance consideration
IFRIC 23	Uncertainty over Income Tax Treatments
Annual Improvements	Annual improvements to IFRS standards 2015-2017 cycle

None of these standards, amendments to standards, or new interpretations are expected to have a significant effect on the consolidated financial statements of the Group (except those discussed below).

The following standards are effective for periods starting on or after January 1, 2018:

IFRS 15 Revenue from Contracts with Customers

IFRS 15 establishes a comprehensive framework for determining whether, how much, and when revenue is recognized. It replaces existing revenue recognition guidance, including IAS 18 Revenue, IAS 11 Construction Contracts and IFRIC 13 Customer Loyalty Programs. IFRS 15 is effective for annual periods beginning on or after January 1, 2018, with early adoption permitted. The Group adopted IFRS 15 on January 1, 2018.

The new revenue standard will have an effect on the financial statements of many companies, especially those with multiple element arrangements. The total expected compensation from a contract with multiple performance obligations would be allocated to all performance obligations based on their stand-alone selling prices. As predominantly all of the Group’s performance obligations in its revenue arrangements include access to the Group’s services provided over a contractual period, consistent with current guidance, management does not expect the adoption of IFRS 15 to have a material impact on the amount and timing of revenue recognition in the consolidated financial statements.

The new standard also introduces the net contract position defined as the difference between services provided and payment received to be presented on the balance sheet. The Group commonly collects prepayments for future services. Those prepayments are currently deferred and presented in deferred income. Furthermore, the Group records provisions for estimated refunds. In the future, those amounts will be shown as contract liabilities. At January 1, 2018, the provision for refunds within the financial statement caption Other current provisions of €120 thousand will be reclassified to refund liability within the financial statement caption Other financial current liabilities. Current deferred income of €20,354 thousand will be reclassified to the new financial statement caption Current contract liability. The non-current portion of deferred income of €23 thousand will be reclassified to the new financial statement caption Non-current contract liability.

 The standard also requires more extensive disclosures about the nature, amount, timing, and uncertainty relating to revenue and contract balances. Management expects expanded notes disclosures from the application of IFRS 15 in future periods.

IFRS 9 Financial Instruments

In July 2014, the International Accounting Standards Board issued the final version of IFRS 9 Financial Instruments.

IFRS 9 is effective for annual periods beginning on or after January 1, 2018, with early adoption permitted. The Group adopted IFRS 9 on January 1, 2018. Management has reviewed its financial assets and liabilities and expects the following impacts:

Classification – Financial assets

IFRS 9 contains a new classification and measurement approach for financial assets that reflects the business model in which assets are managed and their cash flow characteristics.

IFRS 9 contains three principal classification categories for financial assets: measured at amortized cost, fair value through other comprehensive income (FVOCI) and fair value through profit or loss (FVTPL). The standard eliminates the existing IAS 39 categories of held to maturity, loans and receivables and available for sale.

Under IFRS 9, derivatives embedded in contracts where the host is a financial asset in the scope of the standard are never bifurcated. Instead, the hybrid financial instrument as a whole is assessed for classification.

Based on its assessment, the Group does not believe that the new classification requirements, if applied at December 31, 2017, would have had a material impact on its accounting for trade receivables and other financial assets that are managed on a fair value basis.

Impairment – Financial assets and contract assets

IFRS 9 replaces the “incurred loss” model in IAS 39 with a forward-looking expected credit loss (“ECL”) model. This will require considerable judgment as to how changes in economic factors affect ECLs, which will be determined on a probability-weighted basis.

The new impairment model will apply to financial assets measured at amortized cost or FVOCI, except for investments in equity instruments, and to contract assets.

Under IFRS 9, loss allowances will be measured on either of the following bases:

· 12-month ECLs. These are ECLs that result from possible default events within the 12 months after the reporting date; and

· lifetime ECLs. These are ECLs that result from all possible default events over the expected life of a financial instrument.

Lifetime ECL measurement applies if the credit risk of a financial asset at the reporting date has increased significantly since initial recognition and 12-month ECL measurement applies if it has not. An entity may determine that a financial asset’s credit risk has not increased significantly if the asset has low credit risk at the reporting date. However, lifetime ECL measurement always applies for trade receivables and contract assets without a significant financing component; an entity may choose to apply this policy also for trade receivables and contract assets with a significant financing component.

The Group believes that despite the change from an incurred loss to expected credit loss model, impairment allowances for trade receivables and other financial assets will not be materially different from what they would be if the Group continued its current accounting policies.

Classification – Financial liabilities

IFRS 9 largely retains the existing requirements in IAS 39 for the classification of financial liabilities.

However, under IAS 39 all fair value changes of liabilities designated as at FVTPL are recognized in profit or loss, whereas under IFRS 9 these fair value changes are generally presented as follows:

· the amount of change in the fair value that is attributable to changes in the credit risk of the liability is presented in OCI; and

· the remaining amount of change in the fair value is presented in profit or loss.

The Group has not designated any financial liabilities at FVTPL and the Group has no current intention to do so. The Group’s preliminary assessment did not indicate any material impact if IFRS 9’s requirements regarding the classification of financial liabilities were applied at December 31, 2017.

Disclosures

IFRS 9 will require extensive new disclosures, in particular about hedge accounting, credit risk and expected credit losses. The Group’s preliminary assessment included an analysis to identify data gaps against current processes and the Group plans to implement the system and controls changes that it believes will be necessary to capture the required data. The assessment is ongoing.

IFRS 16 Leases

IFRS 16 introduces a single, on-balance sheet lease accounting model for lessees. A lessee recognizes a right-of-use asset representing its right to use the underlying asset and a lease liability representing its obligation to make lease payments. There are optional exemptions for short-term leases and leases of low value items. Lessor accounting remains similar to the current standard – i.e. lessors continue to classify leases as finance or operating leases.

IFRS 16 replaces existing leases guidance including IAS 17 Leases, IFRIC 4 Determining whether an Arrangement contains a Lease, SIC-15 Operating Leases—Incentives and SIC-27 Evaluating the Substance of Transactions Involving the Legal Form of a Lease.

The standard is effective for annual periods beginning on or after January 1, 2019. Early adoption is permitted for entities that apply IFRS 15 Revenue from Contracts with Customers at or before the date of initial application of IFRS 16.

Management has assessed the impact of the guidance and expects an immaterial negative impact on its operating results and an increase in its assets and liabilities in the Consolidated Balance Sheet of approximately €1,000 thousand.

XML

Basis of consolidation

12 Months Ended

Dec. 31, 2017

Disclosure Of Basis Of Consolidation [Abstract]

Basis of consolidation

Note 2. Basis of consolidation

The accompanying consolidated financial statements include the accounts of Spark Networks as the parent company and all of its wholly owned subsidiaries. All significant intercompany transactions and balances have been eliminated upon consolidation.

Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of subsidiaries are included in the consolidated financial statements from the date on which control commences until the date on which control ceases.

The Group accounts for business combinations using the acquisition method when control is transferred to the Group. The consideration transferred in the acquisition is generally measured at fair value, as are the identifiable net assets acquired. Under the acquisition method of accounting, Spark Network allocates the fair value of purchase consideration to the tangible assets acquired, liabilities assumed, and intangible assets acquired based on their estimated fair values. The excess of the purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. Such valuations require Spark Networks’ management to make significant estimates and assumptions, especially with respect to estimating the fair value and expected useful life assigned to each class of assets and liabilities acquired. Different classes of assets will have varying useful lives.

Spark Networks’ management’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. During the measurement period, which can be up to one year from the acquisition date, Spark Networks may record adjustments to the assets acquired and liabilities assumed, with the corresponding offset to goodwill. Upon the conclusion of the measurement period, any subsequent adjustments are recorded in net financial results in the Consolidated Statements of Comprehensive Loss/Income.

Any goodwill that arises is tested annually for impairment. Any gain on a bargain purchase is recognized in profit or loss immediately. Transaction costs are expensed as incurred. The consideration transferred does not include amounts related to the settlement of pre-existing relationships. Such amounts are generally recognized in profit or loss. Any contingent consideration is measured at fair value at the date of acquisition. If an obligation to pay contingent consideration that meets the definition of a financial instrument is classified as equity, then it is not remeasured and settlement is accounted for within equity. Otherwise, other contingent consideration is remeasured at fair value at each reporting date and subsequent changes in the fair value of the contingent consideration are recognized in profit or loss.

2.1 Group composition

The consolidated financial statements comprise the following fully consolidated subsidiaries:

Entity	Equity Share as of December 31, 2016			Equity Share  as of December 31, 2017
Spark Networks Services GmbH (previously, Affinitas GmbH)		100	%1		100	%
Samadhi SAS (acquired on September 30, 2016)		100	%		100	%
Spark Networks, Inc. (acquired on November 2, 2017)		-			100	%
Spark Networks Limited (acquired on November 2, 2017)		-			100	%
LOV USA, LLC (acquired on November 2, 2017)		-			100	%
Spark Networks USA, LLC (acquired on November 2, 2017)		-			100	%
Spark Networks (Israel) Limited (acquired on November 2, 2017)		-			100	%
JDate Limited (acquired on November 2, 2017)		-			100	%
HurryDate, LLC (acquired on November 2, 2017)		-			100	%
MingleMatch, Inc. (acquired on November 2, 2017)		-			100	%
Kizmeet, Inc. (acquired on November 2, 2017)		-			100	%
Reseaux Spark Canada Ltd. (acquired on November 2, 2017)		-			100	%
SocialNet, Inc. (acquired on November 2, 2017)		-			100	%
SN Events, Inc. (acquired on November 2, 2017)		-			100	%
SN Holdco, LLC (acquired on November 2, 2017)		-			100	%
Smooch Labs, Inc. (acquired on November 2, 2017)		-			100	%

¹In the previous year’s consolidated financial statements Affinitas GmbH was the parent of the Group. As predecessor of Spark Networks SE, Affinitas’ consolidated financials are carried forward.

2.2 Merger with Spark Networks, Inc. on November 2, 2017

On May 2, 2017, Affinitas entered into a merger agreement (the “Affinitas / Spark Merger”) with Spark, a publicly listed company located in Los Angeles, California, United States of America, pursuant to which the parties agreed to combine the businesses of Spark and Affinitas under Spark Networks SE. Spark Networks SE was formed at the end of March 2017 and was acquired by Affinitas in April 2017 for the purpose of effecting the business combination and becoming the ultimate holding company. The merger became effective as of November 2, 2017 and is accounted for as a business combination in accordance with IFRS 3, whereby Affinitas is the accounting acquirer.

 The Affinitas / Spark Merger was effected in three principal steps:

· Affinitas Share Transfer: Each stakeholder has purchased stakeholder’s pro rata share of the 120,000 Spark Networks Ordinary Shares previously owned by Affinitas for a total purchase price among all Affinitas stakeholders of €132 thousand, of which €120 thousand is related to the purchase of 120,000 Spark Networks Ordinary Shares and €12 thousand is related to transaction-related expenses.

· Affinitas Share Exchange: Following the Affinitas Share Transfer, Spark Networks acquired all of the Affinitas Shares from the Affinitas stakeholders in exchange for 849,861 Spark Networks Ordinary Shares and a payment by Spark Networks to the respective stakeholders of Affinitas of €5,730 thousand, after which Affinitas became a wholly owned subsidiary of Spark Networks and the former Affinitas stakeholders own all of the outstanding Spark Networks Ordinary Shares.

· Merger: Immediately after the Affinitas Share Exchange, Spark and Affinitas merged, with Spark surviving as a wholly-owned subsidiary of Spark Networks. In the Merger, each outstanding Spark Share has been converted into the right to receive a number of Spark Networks American Depositary Shares (“ADSs”) equal to the Adjustment Ratio, with each Spark Networks ADS representing 0.1 Spark Networks Ordinary Shares.

Spark, which was incorporated in 1998, is a leader in creating communities that help individuals form life-long relationships with others that share their interests and values. Spark’s core properties, Jdate and Christian Mingle, are communities geared towards singles of the Jewish and Christian faiths. Through Spark’s websites and mobile applications, Spark helps members search for and communicate with other like-minded individuals. Along with these two core brands, Spark also operates a number of other niche-focused and international websites and mobile applications and maintains a physical presence in the United States.

The combination of Spark and Affinitas helps to create one of the world’s premier online dating platforms and creates a strong platform with the executive knowledge, operational experience and financial means to continue to grow organically and through acquisitions in an expanding and attractive digital industry.

The consideration transferred by Spark Networks to acquire 100% of the outstanding shares of Spark is comprised of the fair value of the Spark Networks Ordinary Shares issued to Spark stakeholders in connection with the closing of the Affinitas / Spark Merger on November 2, 2017 at a fixed ratio.

Neither Spark Networks nor Affinitas were public reporting companies at the time of the merger; therefore, fair value of their respective shares of common stock was not readily available. As Spark’s common stock was publicly traded in the active market, Affinitas’s and Spark’s management determined that Spark’s common stock was a more reliable measure to determine fair value of the consideration transferred in the Affinitas / Spark Merger. Using this approach, the purchase price was calculated as follows:

	Spark Networks, Inc.
	(in thousands)
Spark common stock outstanding as of November 2, 2017		34,701
Multiplied by Adjustment Ratio		0.1
New Spark ADSs to be issued, as converted		3,470
Spark common stock per share price as of November 2, 2017	$	0.99
USD to EUR exchange rate as of November 2, 2017		0.8587
Spark common stock per share price as of November 2, 2017	€	0.85
Divided by Adjustment Ratio		0.1
Per share fair value of Spark common stock as of November 2, 2017	€	8.50
Fair value of New Spark ADSs to be issued pursuant to the Business Combination	€	29,499

Per the terms of the Affinitas / Spark Merger and the reorganization of the existing group prior to the business combination, Affinitas’s shareholders received a cash payout of €5,730 thousand and paid €132 thousand, of which €120 thousand is related to the purchase of 120,000 Spark Network Ordinary Shares and €12 thousand is related to transaction-related expenses. Those transaction-related expenses of €12 thousand have been included in “General and administrative expenses.”

The following table summarizes the recognized amounts of assets acquired and liabilities assumed at the date of acquisition:

in thousands	Acquisition date fair values
Goodwill	€	20,453
Intangible assets		6,243
Property, plant and equipment		81
Non-current assets		27
Trade receivables		336
Other current assets		1,424
Cash and cash equivalents		6,606
Total assets		35,170
Current liabilities		(4,071	)
Other liabilities		(41	)
Deferred income		(1,559	)
Net assets acquired	€	29,499

The goodwill balance is primarily attributed to the assembled workforce, expanded market opportunities and cost and other operating synergies anticipated upon the integration of the operations of Affinitas and Spark.

The group incurred costs relating to the merger of €7,520 thousand.

For the two months ended December 31, 2017, Spark contributed revenue of €2,719 thousand and losses of €2,679 thousand to the Group’s results. If the acquisition had occurred on January 1, 2017, management estimates that consolidated revenue would have been €105,911 thousand. In determining these amounts, management applied adjustments required under the acquisition method of accounting, including a reduction in revenue of €943 thousand due to the write-offs of deferred revenue at the assumed date in the year ended December 31, 2017.

XML

Significant accounting policies

12 Months Ended

Dec. 31, 2017

Disclosure Of Significant Accounting Policies [Abstract]

Significant accounting policies

Note 3. Significant accounting policies

3.1 Revenue Recognition and Deferred Revenue

The Group derives substantially all of its revenue from subscription fees. Revenue is presented net of credits and refunds. Credit card chargebacks are included in general and administrative expenses. The Group recognizes revenue in accordance with IAS 18. Revenue recognition occurs ratably over the subscription period, beginning when the amount of revenue can be measured reliably, and it is probable that the economic benefits associated with the transaction will flow to the entity. The Group commences to recognize revenue when access has been granted and the criteria above are fulfilled. Subscribers pay in advance subject to certain conditions identified in the Group’s terms and conditions. Fees collected in advance for subscriptions are deferred and recognized as revenue using the straight-line method over the term of the subscription.

For revenue earned through certain mobile applications, including iOS and Android, the Group recognizes subscription revenues gross of the application processing fees primarily because the Group is the primary obligor and it has the contractual right to determine the price paid by the subscriber. The Group records the related application processing fees as cost of revenue in the period incurred.

The Group also earns a small amount of revenue from advertising sales. The Group records advertising revenue as it is earned and it is included in the total revenue of each segment that generates advertising sales.

3.2 Cost of Revenue

Cost of revenue consists primarily of direct marketing costs, compensation and other employee-related costs for personnel dedicated to maintaining Spark Networks’ data centers, data center expenses, credit card fees and mobile application processing fees. The Group incurs substantial advertising expenses in order to generate traffic to our websites. These advertising costs consist of offline marketing, particularly television and out-of-home advertising, as well as online advertising and are directly attributable to the revenue the Group receives from its subscribers.

3.3 Employee benefits

Short-term employee benefits are expensed as the related service is provided. A liability is recognized for the amount expected to be paid if the Group has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee and the obligation can be estimated reliably.

Share-based payment arrangements

Share-based compensation expense reflected in our consolidated financial statements consists of expense related to equity-based compensation plans that were independently established by Affinitas in 2013 and Spark in 2007 before the Affinitas / Spark Merger, in addition to an equity compensation plan established by Spark Networks in November 2017 following the close of the Affinitas / Spark Merger. Share-based compensation expense incurred in periods prior to the close of the Affinitas / Spark Merger resulted solely from share-based compensation granted by Affinitas.

Under the Affinitas virtual employee share option plan (“Affinitas VESOP”), Spark Networks has a choice of settlement whereby the cash amount or equal value in shares to be received by the beneficiaries for a single vested option shall equal the price or proceeds per common share in case of a change in control event (“Share Sale”) or an Initial Public Offering (“IPO”) of Affinitas’s shares minus the exercise price. In connection with the merger, shareholders of Affinitas elected to settle all the options outstanding at the merger date at a fixed valuation of €3,839 thousand, which was equivalent to a total equity value of €90 million for Affinitas. This equity value of Affinitas was determined based on the Spark share price and the exchange ratio that Affinitas and Spark agreed on in relation to the merger.

Our policy is to avoid cash payments to participants if possible, which means that settlement of the outstanding options is expected to be made in shares. Based on this stated policy, the arrangement is classified as equity-settled unless settlement in cash is most probable.

In connection with the Affinitas / Spark Merger, Spark established the Chardonnay Trust, with the purpose of holding such number of shares of Spark Networks SE ADSs as shall be necessary to satisfy the obligations under all unexercised Spark stock options awarded under the Spark 2007 Omnibus Incentive Plan (“Spark 2007 Plan”). Following the completion of the Affinitas / Spark Merger, Spark no longer has any rights to revoke or amend the Chardonnay Trust  in a manner that is detrimental to Spark 2007 Plan participants.

Each Spark stock option was converted into an award to acquire ADSs from the Chardonnay Trust, on the same terms and conditions as were applicable under the Spark stock option, and subject to adjustment based on the exchange ratio stipulated in the merger agreement. The shares underlying the ADSs held in the Chardonnay Trust are recognized as treasury stock within the Consolidated Statement of Shareholder’s Equity.

 

Only nonqualified stock options are outstanding as of the merger date. These equity-settled options are exercisable after vesting.

Under the Spark Networks virtual stock option plan established in 2017 (“Spark Networks 2017 VSOP”) Spark Networks has a choice of settlement whereby the cash amount or equal value in shares to be received by the beneficiaries for a single vested option shall equal the market price per Spark Networks ADS minus the exercise price. Our policy is to avoid cash payments to participants if possible, which means that settlement of the outstanding options is expected to be made in Spark Networks ADSs. Based on this stated policy, the arrangement is classified as equity-settled unless settlement in cash is most probable.

The grant-date fair value of equity-settled share-based payment arrangements granted to employees is generally recognized as an expense, with a corresponding increase in shareholder’s equity, over the vesting period of the awards. The amount recognized as an expense is adjusted to reflect the number of awards for which the related service and non-market performance conditions are expected to be met, such that the amount ultimately recognized is based on the number of awards that meet the related service and non-market performance conditions at the vesting date. For share-based payment awards with non-vesting conditions, the grant-date fair value of the share-based payment is measured to reflect such conditions and there is no true-up for differences between expected and actual outcomes. Depending on the grant, Spark Networks recognizes compensation expense on a straight-line basis from the beginning of the service period, even when the grant date is subsequent to the service commencement date. During the period between service commencement date and grant date, the share-based payment expense recognized is based on an estimated grant date fair value of the award. Once the grant date has been established for equity-settled awards, the estimated fair value is revised so that the expense recognized is based on the actual grant date fair value of the equity instruments granted. For specific grants, Spark Networks recognizes compensation expense over the period in which services are received, which is determined per participant based on the graded vesting schedule. For awards with graded-vesting features, each installment of the award is treated as a separate grant. This means that each installment is separately expensed over the related vesting period.

Spark Networks estimates the fair value of each stock option grant using the Black-Scholes or Monte Carlo simulation option-pricing model, which uses as inputs the fair value per Spark Networks share and assumptions Spark Networks makes with respect to the volatility of Spark Networks shares, the expected terms of Spark Networks’ stock options, the risk-free interest rates for a period that approximates the expected term of the stock option and the expected dividend yield.

Defined contribution plans

Obligations for contributions to defined contribution plans are expensed as the related service is provided. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in future payments is available.

Defined benefit plans

Defined benefit pension plans consisted of unfunded plans, where benefits are paid directly by the Group and the related obligation is covered by a provision corresponding to the present value of future benefit payments. The provision was related to employees of Samadhi and was released in the fourth quarter of 2016.

Termination benefits

Termination benefits are recognized at the earlier of when the Group can no longer withdraw the offer of those benefits and when the Group recognizes costs for a restructuring under IAS 37 Provisions, Contingent Liabilities and Contingent Assets. If benefits are not expected to be settled wholly within 12 months of the reporting date, then they are discounted.

3.4 Lease payments

Payments made under operating lease agreements are recognized in profit or loss on a straight-line basis over the term of the lease.

3.5 Finance income and finance costs

The Group’s finance income and finance costs include interest income and expense, translation gains and losses, as well as any change in the fair value of contingent consideration classified as financial liability. Interest income or expense is recognized using the effective interest method.

3.6 Income tax

Income tax expense comprises current and deferred tax. It is recognized in profit or loss except to the extent that it relates to a business combination, or items recognized directly in equity or in other comprehensive loss/income.

Current tax

Current tax is based on the taxable income or loss for the year and any adjustment to the tax payable or receivable in respect of previous years. The amount of current tax is the best estimate of the tax amount expected to be paid or received that reflects uncertainty related to income taxes, if any. It is measured using tax rates enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognized for:

· temporary differences on the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss;

· temporary differences related to investments in subsidiaries, associates and joint arrangements to the extent that the Group is able to control the timing of the reversal of the temporary differences and it is probable that they will not reverse in the foreseeable future; and

· taxable temporary differences arising on the initial recognition of goodwill.

Deferred tax assets are recognized for unused tax losses, unused tax credits and deductible temporary differences to the extent that it is probable that future taxable profits will be available against which they can be used. Future taxable profits are determined based on business plans for individual subsidiaries in the Group and the reversal of temporary differences. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized; such reductions are reversed when the probability of future taxable profits improves.

Unrecognized deferred tax assets are reassessed at each reporting date and recognized to the extent that it has become probable that future taxable profits will be available against which they can be used. Deferred tax is measured at the tax rates that are expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The measurement of deferred tax reflects the tax consequences that would follow from the manner in which the Group expects, at the reporting date, to recover or settle the carrying amount of its assets and liabilities. Deferred tax assets and liabilities are offset only if certain criteria are met.

Accordingly, deferred income tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax basis. In assessing the potential realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which the Group’s tax loss carryforwards remain deductible.

3.7 Prepaid Advertising Expenses

The Group regularly pays in advance for online and offline advertising, and expenses the prepaid amounts as cost of revenue over the contract periods as the vendor delivers on its commitment. The Group evaluates the realization of prepaid amounts at each reporting period and expenses prepaid amounts if the applicable vendor is unable to deliver on its commitment and is not willing or able to repay the undelivered prepaid amounts. Prepaid expenses are shown as non-financial assets.

3.8 Business Combinations

From time to time, the Group acquires the stock or specific assets of companies in transactions that may be considered to be business acquisitions under IFRS 3 Business Combinations. Under the acquisition method of accounting, the Group allocates the fair value of purchase consideration to the tangible assets acquired, liabilities assumed, and intangible assets acquired based on their estimated fair values. The excess of the purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. Such valuations require the Group’s management to make significant estimates and assumptions, especially with respect to estimating the fair value and expected useful life assigned to each class of assets and liabilities acquired. Different classes of assets will have varying useful lives. For example, the useful life of a member database, which was two years in the acquisition of Samadhi, is not the same as the useful life of a paying subscriber list, which is typically two to six months, or a domain name, which is was 20 years for Samadhi. Consequently, to the extent a longer-lived asset is ascribed greater value under the purchase method than a shorter-lived asset, there may be less amortization recorded in a given period or no amortization for indefinite lived intangibles.

The Group’s management’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. During the measurement period, which can be up to one year from the acquisition date, the Group may record adjustments to the assets acquired and liabilities assumed, with the corresponding offset to goodwill. Upon the conclusion of the measurement period, any subsequent adjustments are recorded in net financial result in the consolidated statement of comprehensive income/loss.

3.9 Discontinued operation

A discontinued operation is a component of the Group’s business, the operations and cash flows of which can be clearly distinguished from the rest of the Group and which:

· represents a separate major line of business or geographic area of operations;

· is part of a single coordinated plan to dispose of a separate major line of business or geographic area of operations; or

· is a subsidiary acquired exclusively with a view to re-sale.

Classification as a discontinued operation occurs at the earlier of disposal or when the operation meets the criteria to be classified as held for sale. When an operation is classified as a discontinued operation, all attributable income and expenses as well as related income taxes are presented as “loss from discontinued operations” in the statement of comprehensive loss/income as if the operation had been discontinued from the start of the comparative year. The elimination of intra-group transactions is presented following the general consolidation method by eliminating income at the servicing entity and the related expenses at the receiving entity.

3.10  Intangible assets and goodwill

Recognition and measurement of goodwill and intangible assets with indefinite life

Goodwill arising from the acquisition of subsidiaries is measured at cost less accumulated impairment losses.

The Group’s goodwill represents the excess of the purchase price over the fair value of the net assets acquired resulting from business acquisitions. Intangible assets resulting from the acquisitions of entities in a business combination are recorded using the acquisition method of accounting and estimated by management based on the fair value of assets received.

Management reviews the potential impairment of goodwill and indefinite lived intangible assets at least annually, or more frequently if events or changes in circumstances indicate that the carrying value of goodwill may not be recoverable.

Recognition and measurement of intangible assets with finite life

Intangible assets with finite useful lives are amortized using the straight-line method over their estimated useful lives. In addition to the recoverability assessment, management routinely reviews the remaining estimated useful lives of its amortizable intangible assets. If the Group reduces its estimate of the useful life assumption for any asset, the remaining unamortized balance would be amortized over the revised estimated useful life.

Development expenditure is capitalized only if the expenditure can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable and the Group intends to and has sufficient resources to complete development and to use or sell the asset. Otherwise, it is recognized in profit or loss as incurred. Costs incurred in the planning and post-implementation stages of a project are expensed as incurred while direct and indirect costs associated with the development phase are capitalized and amortized on a straight-line basis over the estimated useful lives. Costs associated with minor enhancements and maintenance are included in expenses in the accompanying Consolidated Statements of Operations and Comprehensive Loss/Income. Subsequent to initial recognition, development expenditure is measured at cost less accumulated amortization and any accumulated impairment losses.

The estimated useful lives of intangible assets for current and comparative periods are as follows:

· Internally generated software: 3 - 6 years

· Licenses and domains: 2 - 5 years

· Brands and trademarks: 10 - 20 years, indefinite

· Other intangible assets: 1 - 5 years

Impairment of non-financial assets

Management assesses the potential impairment of assets, which include intangible assets, whenever changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Events and circumstances that may indicate that an asset is impaired may include significant decreases in the market value of an asset or the Group’s common stock, a significant decline in actual or projected revenue, a change in the extent or manner in which an asset is used, shifts in technology, loss of key management or personnel, changes in the Group’s operating model or strategy and competitive forces, as well as other factors. In addition, goodwill is tested annually for impairment.

For impairment testing, assets are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or cash-generating units (“CGU”). Goodwill arising from a business combination is allocated to CGUs or groups of CGUs that are expected to benefit from the synergies of the combination. The Group determined an operating segment to be the CGU for impairment testing purposes.

 

If events and circumstances indicate that the carrying amount of an asset may not be recoverable and the expected discounted future cash flows attributable to the asset or CGU are less than the carrying amount of the asset, an impairment loss equal to the excess of the asset’s carrying value over its estimated recoverable amount is recorded. The recoverable amount is determined based on the present value of estimated expected future cash flows using a discount rate commensurate with the risk involved, and quoted market prices or appraised values, depending on the nature of the assets. Fair value measurements utilized for assets under nonrecurring measurements were measured with Level 3 unobservable inputs.

Subsequent expenditure

Subsequent expenditure is capitalized only when it increases the future economic benefits embodied in the specific asset to which it relates. All other expenditure, including expenditure on internally generated goodwill and brands, is recognized in profit or loss as incurred.

3.11  Property, plant and equipment

Recognition and measurement

Items of property, plant and equipment are measured at cost, which includes capitalized borrowing costs, less accumulated depreciation and any accumulated impairment losses. If significant parts of an item of property, plant and equipment have different useful lives, then they are accounted for as separate items (major components) of property, plant and equipment.

Any gain or loss on disposal of an item of property, plant and equipment is recognized in profit or loss.

Depreciation

Property and equipment is stated at cost, net of accumulated depreciation, which is provided using the straight-line method over the estimated useful life of the asset.

The estimated useful lives of property, plant, and equipment for current and comparative periods are as follows:

· Leasehold improvements: the shorter of the lease term or 5 years

· Other and office equipment: 3 - 5 years

Upon the sale or retirement of property or equipment, the cost and related accumulated depreciation and amortization are removed from the Group’s Consolidated Balance Sheet with the resulting gain or loss, if any, reflected in the Group’s consolidated statement of comprehensive income.
 

Depreciation methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate.

3.12  Financial instruments

The Group classifies non-derivative financial assets into the category loans and receivables.

The Group classifies non-derivative financial liabilities into the following categories: financial liabilities at fair value through profit or loss designated upon initial recognition and other financial liabilities.

Non-derivative financial assets and financial liabilities – Recognition and derecognition

The Group initially recognizes loans and receivables and debt securities issued on the date when they are originated. All other financial assets and financial liabilities are initially recognized on the trade date when the entity becomes a party to the contractual provisions of the instrument.

The Group derecognizes a financial asset when the contractual rights to the cash flows from the asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred, or it neither transfers nor retains substantially all of the risks and rewards of ownership and does not retain control over the transferred asset. Any interest in such derecognized financial assets that is created or retained by the Group is recognized as a separate asset or liability.

The Group derecognizes a financial liability when its contractual obligations are discharged or cancelled, or expire.

Financial assets and financial liabilities are offset and the net amount presented in the balance sheet when, and only when, the Group currently has a legally enforceable right to offset the amounts and intends either to settle them on a net basis or to realize the asset and settle the liability simultaneously.

The Group’s credit card processors regularly withhold deposits and maintain balances, which are presented as other financial assets.

Non-derivative financial assets - Loans and receivables – Measurement

Assets classified as loans and receivables are initially measured at fair value plus any directly attributable transaction costs. Subsequent to initial recognition, they are measured at amortized cost using the effective interest method.

Non-derivative financial liabilities – Measurement

Non-derivative financial liabilities are initially measured at fair value less any directly attributable transaction costs. Subsequent to initial recognition, these liabilities are measured at amortized cost using the effective interest method.

3.13  Preferred Shares

The Group’s preferred shares were classified as financial liabilities, because the Group had the obligation to make contractual payments to shareholders in case of defined liquidity events. The preferred shares were measured at amortized cost. See Note 5.8.

3.14  Provisions

Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognized as finance cost.

Legal Contingencies

The Group is currently involved in certain legal proceedings, as discussed in Note 8.2. To the extent that a loss related to a contingency is reasonably estimable and probable, the Group accrues an estimate of that loss. Because of the uncertainties related to both the amount and range of loss on certain pending litigation, the Group may be unable to make a reasonable estimate of the liability that could result from an unfavorable outcome of such litigation. As additional information becomes available, the Group will assess the potential liability related to such pending litigation and make, or if necessary, revise its estimates. Such revisions in the Group’s estimates of the potential liability could materially impact its consolidated results of operations and consolidated financial position.

Refunds

A provision for refunds is recognized when the underlying services are sold, based on historical refund data and a weighting of possible outcomes against their associated probabilities.

Restructuring

A provision for restructuring is recognized when the Group has approved a detailed and formal restructuring plan, and the restructuring either has commenced or has been announced publicly. Future operating losses are not provided for.

3.15  Earnings per share

The Group presents earnings per share data for its common shares. Earnings per share is calculated by dividing the net income of the period by the weighted average number of common shares outstanding during the period.

3.16  Segment Reporting

Segment reporting requires the use of the management approach in determining the reportable operating segments. The management approach considers the internal organization and reporting used by the Group’s chief operating decision maker for making operating decisions and assessing performance. The Group’s internal financial reporting includes separate data for each country, and all countries other than the United States and Canada (together, “North America”) have been aggregated into one reportable segment as the business model and long-term margin expectations are similar. The Group reports two separate reportable segments: (1) North America, which consists of Spark Networks’ operations in the United States and Canada; and (2) International, which consists of all other operations except for the United States and Canada.

The performance of the operating segments is measured on the basis of revenue and direct marketing costs only. Due to the Group’s integrated business structure, costs and expenses other than direct marketing expenses are not allocated to the individual reportable segments. As such, The Group does not measure operating profit or loss by segment for internal reporting purposes.

XML

Notes on the consolidated statements of operations

12 Months Ended

Dec. 31, 2017

Disclosure Of Income Statement [Abstract]

Notes on the consolidated statements of operations

Note 4. Notes on the consolidated statements of operations

4.1 Operating segments

Basis for segmentation

The management board of Spark Networks is the Group’s chief operating decision maker (“CODM”).

In line with the management approach, the operating segments were identified on the basis of the Group's internal reporting. Internal reporting is the basis for the allocation of resources and the evaluation of the performance of the operating segments by the management board. On this basis, the Group’s business activity is segmented according to the countries it operates in.

The performance of the operating segments is measured on the basis of revenue and direct marketing costs only. Due to the Group’s integrated business structure costs and expenses, other than direct marketing expenses, are not allocated to the individual reportable segments. As such, the Group does not measure operating profit or loss by segment for internal reporting purposes. Assets are not allocated to the different business segments for internal reporting purposes.

In particular, for internal management reporting purposes, the CODM reviews cash collections from customers and the related estimates of the resulting recognized revenue before deductions for the reversal of adjustments to revenue in connection with the amortization of the fair value adjustment of deferred income from the Spark Merger and Samadhi Acquisition. In addition, when making operating decisions and assessing performance, the CODM only reviews direct marketing costs excluding personnel-related and certain other expenses, which are being presented as direct marketing costs in the IFRS consolidated statement of comprehensive income/loss.

Information about reportable segments

While the CODM receives separate information for each country, all countries other than the USA and Canada (together, North America) have been aggregated into one reportable segment as the business model and long-term margin expectations are similar. This means that the Group reports the two reportable segments as North America and International.

Following the Affinitas / Spark Merger, internal management reporting was adjusted to reflect the new group composition. The segment report for the comparative period was restated to reflect the current management approach.

Reconciliations of information on reportable segments to IFRS measures

2015 in € thousands	North America			International			Total
Revenue		5,268			55,174			60,442
Direct marketing expenses		(8,355	)		(34,234	)		(42,589	)
Contribution margin		(3,087	)		20,940			17,853
Cost of revenue
Data center expenses								(626	)
Credit card fees								(1,287	)
Mobile application processing fees								(128	)
Gross profit								15,812
Other income								309
Other operating expenses
Sales and marketing expenses								(3,036	)
Customer service expenses								(2,357	)
Technical operations and development expenses								(3,849	)
General and administrative expenses								(5,951	)
Operating profit								928
Interest income and similar income								30
Interest expense and similar charges								(103	)
Net finance expenses								(73	)
Income/(loss) before taxes								855
Income taxes								(445	)
Profit from continuing operations								410

2016 in € thousands	North America			International			Total
Revenue		16,004			57,487			73,491
Direct Marketing expenses		(15,059	)		(33,311	)		(48,370	)
Contribution margin		945			24,176			25,121
Cost of revenue
Data center expenses								(726	)
Credit card fees								(1,471	)
Mobile application processing fees								(635	)
Gross profit								22,289
Other income								126
Other operating expenses
Sales and marketing expenses								(3,919	)
Customer service expenses								(2,791	)
Technical operations and development expenses								(3,305	)
General and administrative expenses								(9,727	)
Operating profit								2,673
Interest income and similar income								157
Interest expense and similar charges								(425	)
Net finance expenses								(268	)
Income before taxes								2,405
Income taxes								(1,082	)
Profit from continuing operations								1,323

2017 in € thousands	North America			International			Total
Revenue		24,574			61,063			85,637
Direct Marketing expenses		(17,980	)		(35,489	)		(53,469	)
Contribution margin		6,594			25,574			32,168
Cost of revenue
Data center expenses								(1,964	)
Credit card fees								(1,549	)
Mobile application processing fees								(1,794	)
Gross profit								26,861
Other income								54
Other operating expenses
Sales and marketing expenses								(5,540	)
Customer service expenses								(3,971	)
Technical operations and development expenses								(6,428	)
General and administrative expenses								(16,091	)
Operating profit								(5,115	)
Interest income and similar income								239
Interest expense and similar charges								(782	)
Net finance expenses								(543	)
Loss before taxes								(5,658	)
Income tax benefit								84
Loss from continuing operations								(5,574	)

Geographic information

The Group operates across the world generating revenue from different countries. It has allocated its total revenue to countries based on where the revenue is generated and has deemed countries as material and separately disclosed where they make up more than 10% of its revenue or non-current assets.

Revenue in € thousands	2015		2016		2017
USA		1,117		10,176		17,861
France		10,878		12,655		17,859
UK		5,621		7,153		8,803
Germany		6,084		5,326		3,764
Other countries		36,742		38,181		37,350
		60,442		73,491		85,637

Non-current assets in € thousands	2015		2016		2017
USA		-		-		25,814
France		-		3,829		6,459
Germany		537		1,790		4,733
Other countries		-		-		212
		537		10,119		37,218

Non-current assets exclude financial instruments and deferred tax assets.

Major customers

Given the nature of the business, there is no one single customer that is significant to the Group.

4.2 Discontinued operations

On December 29, 2016, the Group sold its interest in Top 10. Management committed to a plan to sell this operation in 2016, following a strategic decision to place greater focus on the Group’s key competencies.

During the year ended December 31, 2016, Affinitas supplied employees to Top 10 and Top 10 provided direct marketing services to Affinitas. All intra-group transactions and balances have been fully eliminated in the consolidated financial statements.

Results of discontinued operations

in € thousands	Note	2015			2016			2017
Revenue			2,734			3,667			-
Expenses			(4,067	)		(5,168	)		-
Results from operating activities			(1,333	)		(1,501	)		-
Income tax			374			488			-
Results from operating activities, net of tax			(959	)		(1,013	)		-
Gain on sale of discontinued operation			-			381			-
Profit (loss) from discontinued operations, net of tax			(959	)		(632	)		-
Earnings per share - discontinued operations
Basic loss per share (€)	4.13		(38.36	)		(25.28	)		-
Diluted loss per share (€)	4.13		(38.36	)		(25.28	)		-

Cash flows from discontinued operations

in € thousands	Note	2015			2016			2017
Net cash from operating activities			(879	)		(635	)		-
Net cash from investing activities			-			18			250
Net cash flows for the year			(879	)		(617	)		250

Effects of disposal on the consolidated balance sheet of the Group

in € thousands	Note		2016
Property, plant and equipment		5.2		(7	)
Trade and other receivables		5.3		(402	)
Cash and cash equivalents		5.7		(232	)
Current trade and other payables		5.11 / 5.12		768
Provisions		5.1		4
Net assets and liabilities				131
Consideration received, satisfied in cash				250
Cash and cash equivalents disposed of				(232	)
Net cash inflows				18

4.3 Cost of revenue

For the years ended December 31, 2015, 2016 and 2017, cost of revenue was as follows:

in € thousands	2015		2016		2017
Direct Marketing expenses		42,589		48,370		53,469
Credit card fees		1,287		1,471		1,549
Data center expenses		626		726		1,964
Mobile application processing fees		128		635		1,794
Total cost of revenue		44,630		51,202		58,776

The increase in cost of revenue from 2015 to 2017 was primarily attributable to increases in direct marketing costs within the North America segment. Additionally, mobile application processing fees increased due to increases in the proportion of customer subscriptions sold through the Apple App Store and the Google Play Store.

4.4 Other income

For the years ended December 31, 2015, 2016 and 2017, other income was as follows:

in € thousands	2015		2016		2017
Repayments and reimbursements		78		74		-
Other income		231		52		54
Total other income		309		126		54

4.5 Sales and marketing expenses

For the years ended December 31, 2015, 2016 and 2017, the following table shows the different types of expenses recorded as sales and marketing:

in € thousands	2015		2016		2017
Personnel		2,343		2,795		2,921
Depreciation and amortization		31		741		1,723
Other		559		260		705
Office expenses		103		123		191
Total sales and marketing expenses		3,036		3,919		5,540

The increase in sales and marketing expenses from 2015 to 2016 was a result of the Samadhi acquisition. The brands and trademarks recognized in the course of the Samadhi purchase price allocation resulted in increased amortization expenses. The increase in sales and marketing expenses from 2016 to 2017 was primarily attributable to higher personnel expenses caused by hiring to grow the sales and marketing team and termination costs. The increase was also attributable to increased amortization expenses resulting from the amortization of acquired intangible assets resulting from the Affinitas / Spark Merger.

4.6 Customer service expenses

For the years ended December 31, 2015, 2016 and 2017, the following table shows the different types of expenses recorded as customer service:

in € thousands	2015		2016		2017
Personnel		1,747		1,651		2,153
Third-party services		450		965		1,589
Office expenses		107		109		146
Depreciation and amortization		35		53		62
Other		18		13		21
Total customer service expenses		2,357		2,791		3,971

The increase in customer service expenses from 2015 to 2017 was primarily attributable to increases in third-party services. In late 2016, Spark Networks reduced its overall customer service personnel and engaged external service providers to improve its reaction to peaks in customer service requests. The net increase in customer service expenses in 2017 was due to €276 thousand of expense from Spark since the date of the Affinitas / Spark Merger, or 23.4% of the 2017 increase, in conjunction with the addition of resources to support higher customer claim volumes within the North America segment.

4.7 Technical operations and development expenses

For the years ended December 31, 2015, 2016 and 2017, the following table shows the different types of expenses recorded as technical operations and development:

in € thousands	2015		2016			2017
Personnel		3,436		3,531			5,712
Depreciation and amortization		35		445			1,259
Data processing costs		270		353			1,364
Office expenses		105		114			166
Other		3		48			63
Capitalized development costs		-		(1,186	)		(2,136	)
Total technical operations and development expenses		3,849		3,305			6,428

Technical operations and development expenses decreased from 2015 to 2016, due to the capitalization of development costs for a unified technology platform. The decrease in expenses was partially offset by an increase in personnel expenses due to higher average salaries in the department and an increase in depreciation and amortization mainly as a result of the amortization expense on internally generated intangible assets identified in the Samadhi acquisition and data processing costs. Technical operations and development increased from 2016 to 2017 due to an increase in personnel expenses stemming from the hiring of senior team members and retention and severance payments made to Spark personnel as a result of the Affinitas / Spark Merger. Furthermore, the Group capitalized additional development costs for the unified technology platform in 2017, which increased amortization.  Total research and development expenses for 2015, 2016, and 2017 were €0, €566 thousand, and €1,301 thousand, respectively. For details of intangible assets and property, plant and equipment, see Note 5.1.

4.8 General and administrative expenses

The following table shows the different types of expenses allocated to general and administrative expenses:

in € thousands	2015		2016		2017
Provisions for bad debts, write-offs, and uncollectible amounts		2,206		4,073		4,102
Personnel costs		2,365		3,365		4,120
Legal, consulting, bookkeeping and auditing costs		650		479		6,084
Other expenses		232		246		288
Third party services		171		238		319
Recruiting costs		88		182		323
Office expenses		101		120		264
Travel costs		26		62		233
Insurance		28		29		214
Telecommunication		36		33		61
Depreciation and amortization		20		36		34
Licenses		-		12		24
Training		28		30		23
Repairs and maintenance		-		18		2
Acquisition related costs		-		162		-
Restructuring costs		-		642		-
Total general and administrative expenses		5,951		9,727		16,091

The increases in general and administrative expenses from 2015 to 2017 was due to higher bad debt expenses and write-offs of receivables, an increase in personnel expenses and related overhead, restructuring provisions for the restructuring of Samadhi, and professional fees resulting from the Affinitas / Spark Merger. The increase in legal, consulting, bookkeeping and auditing costs is primarily due to consulting and transaction costs related to the Affinitas / Spark Merger and subsequent listing on the New York Stock Exchange in November 2017.

4.9 Net finance expenses

During the years ended December 31, 2015, 2016 and 2017, net finance expenses were as follows:

in € thousands	2015			2016			2017
Currency translation gains		19			157			213
Interest income and similar income		11			-			26
Interest expense for non-current liabilities		-			(129	)		(516	)
Currency translation losses		(103	)		(296	)		(266	)
Total finance expenses		(73	)		(268	)		(543	)

The increases in finance expenses from 2015 to 2017 are primarily due to higher interest expenses relating to a loan facility drawn in September 2016 to finance a portion of the consideration for the Samadhi Acquisition, and higher net currency translation losses.

4.10 Employee benefits

The following table shows the different types of employee benefits expenses:

in € thousands	2015		2016		2017
Wages and salaries		7,778		8,684		11,367
Social security contribution		1,615		1,763		2,016
Equity-settled share-based payments		600		991		1,166
Termination benefits		16		765		430
Other employee benefits		56		64		447
Total employee benefits expenses		10,065		12,267		15,426

Personnel expenses increased mainly due to the Affinitas / Spark Merger.

During the years ended December 31, 2015, 2016 and 2017, termination benefits of €16 thousand, €765 thousand and €430 thousand, respectively, were expensed, of which €16 thousand, €123 thousand and €1,238 thousand, respectively, were paid out in 2015, 2016 and 2017. Severance agreements with Spark employees were paid by Spark Networks following the close of the Affinitas / Spark Merger in 2017. Contributions to the defined contribution retirement funds presented as social security contributions amounted to €594 thousand, €628 thousand and €845 thousand for the years ended December 31, 2015, 2016 and 2017, respectively.

Employee benefits are allocated to costs and expenses as follows:

in € thousands	2015		2016		2017
Cost of sales		175		283		520
Sales and marketing expenses		2,343		2,795		2,921
Customer service expenses		1,747		1,651		2,153
Technical operations and development expenses		3,435		3,531		5,712
General and administrative expenses		2,365		4,007		4,120
Total employee benefits		10,065		12,267		15,426

4.11 Share-based payment arrangements

Share-based compensation expense reflected in our consolidated financial statements consists of expense related to equity-based compensation plans that were independently established by Affinitas in 2013 and Spark in 2007 before the Affinitas / Spark Merger, in addition to an equity compensation plan established by Spark Networks in November 2017 following the close of the Affinitas / Spark Merger. Share-based compensation expense incurred in periods prior to the close of the Affinitas / Spark Merger resulted solely from share-based compensation granted by Affinitas.

Description of share-based payment arrangements operated by Affinitas prior to the merger

Options over ordinary shares of Affinitas (“Options”) were granted in 2013 with an exercise price of €1 and vest three years from the grant date. These equity-settled Options are exercisable after vesting.

Under a share incentive plan, Options have been granted since 2015 on a discretionary basis to eligible and selected employees. Under this virtual share option plan, Affinitas had a choice of settlement, whereby the cash amount or equal value in shares to be received for a single vested Option shall equal the price or proceeds per common share in case of a change in control event (“Share Sale”) or an IPO (“a Liquidity Event”) minus the exercise price.

The merger between Affinitas and Spark was considered a Liquidity Event under the terms of the plan. It was decided by the shareholders of Affinitas to settle all the Options outstanding at the merger date at a fixed valuation of €3,839 thousand, which was equivalent to a total equity value of €90 million for Affinitas. This equity value of Affinitas was determined based on the Spark share price and the exchange ratio that Affinitas and Spark agreed on in relation to the merger. As the settlement amount is based on the fair value of the underlying shares at the merger date, this valuation of the outstanding Options did not result in an incremental fair value being granted to the participants.

Subsequent to the merger, Options to purchase 192 shares with a value of €78 thousand have been settled in cash and a prepayment of €600 thousand has been paid to selected participants. These transactions have been accounted for as the repurchase of equity interests. The remaining value of the outstanding Options, amounting to €3,161 thousand, has been deferred and will be settled in cash or shares of Spark Networks SE in November 2018, subject to the participants being employed by the Group at the settlement date. For the deferred portion, Spark Networks is entitled to elect, in its sole discretion, the settlement method. Based on management’s assessment and the Group’s settlement policy, the outstanding Options will most likely be settled in shares. The Options granted under the share incentive plan are therefore classified as equity-settled share-based payment awards.

As the Affinitas / Spark Merger was considered a Liquidity Event, all unvested Options as of the merger date will vest in November 2018.

Reconciliation of outstanding share Options

The movements in the number of Options outstanding and their related weighted average exercise prices (in €), which will be settled at a fixed valuation of €1,601 per share based on a valuation of Affinitas’ shares in relation to the merger, are as follows:

	2015				2016				2017
	Weighted Average Exercise Price		Number of Options		Weighted Average Exercise Price		Number of Options		Weighted Average Exercise Price		Number of Options
Outstanding at January 1	€	1		1,170	€	878		3,507	€	1,014		5,454
Granted during the year	€	1,317		2,337	€	1,260		1,947	€	1,091		932
Forfeited during the year						-		-	€	1,091		(28	)
Exercised during the year						-		-	€	1,228		(192	)
Outstanding at December 31	€	878		3,507	€	1,014		5,454	€	1,019		6,166

In the table above, Options are presented as granted in the period that the service commencement and expense recognition have started. As of December 31, 2017, 2,895 of the outstanding Options have vested (2016: 1,383 Options). Since all the outstanding Options will be settled in November 2018, no Options are exercisable as of the reporting date (2016: 1,170 Options).

Options outstanding at the end of the period, which will be settled at a fixed valuation of €1,601 per share, have the following expiry dates and exercise prices (in €):

	2015				2016				2017
Expiry date	Exercise Price		Number of Options		Exercise Price		Number of Options		Exercise Price		Number of Options
Not defined (grant in 2013)	€	1		1,170	€	1		1,170	€	1		1,170
September - October 2025	€	917		880	€	917		880	€	917		825
September - October 2025	€	1,376		880	€	1,376		880	€	1,376		825
September - October 2025	€	1,835		577	€	1,835		577	€	1,835		550
January-July 2026					€	917		550	€	917		550
January-July 2026					€	1,091		487	€	1,091		404
May 2026					€	1,376		550	€	1,376		550
May 2026					€	1,835		360	€	1,835		360
January - April 2027					€	-		-	€	1,091		932
Outstanding at December 31				3,507				5,454				6,166

Measurement of fair values

In determining the fair values of its unlisted shares as of each grant date, three generally accepted approaches were considered: income approach, market approach and cost approach. In addition, Affinitas has taken into consideration the guidance prescribed by the American Institute of Certified Public Accountants (AICPA) Audit and Accounting Practice Aid, Valuation of Privately-Held-Company Equity Securities Issued as Compensation.

Affinitas employed a market multiple approach to estimate the total enterprise value. For determining the total enterprise value on the valuation dates in May 2013, and on a quarterly basis from September 2015, the company relied on two types of market multiples: 1) Transaction multiples and 2) Trading multiples. The average enterprise value based on these two multiples is used to determine the enterprise value per valuation date. Subsequently, the enterprise value at each valuation date is adjusted for the net debt position in order to derive the company’s equity value.

The value per share is subsequently derived by assuming two potential exit scenarios (i.e., Share Sale/M&A or IPO). In a share sale/M&A scenario, the specific rights of the different share classes are taken into account and the call option values as derived through a Black Scholes Options Pricing Model is used to determine the fair value of the respective share class. In an IPO scenario, the fair value per share is assumed to be equal across all share classes. As the value per share class differs under the different exit scenarios, Affinitas applied the Hybrid method in order to determine the fair value per share over time, which estimates the probability weighted value across certain exit scenarios.

Based on the essential features of the Options granted and the essential parameters for measuring the fair value of the Options, the fair value of the options in the case of an M&A scenario and IPO scenario have been measured separately to determine the (weighted) fair value of the options. For the option fair value in the case of an M&A scenario, the fair value of the underlying instrument has been applied. For the option fair value in the case of an IPO scenario, the Black Scholes Option Pricing Model has been applied to determine the fair value of the options. The probability of a Share Sale and an IPO scenario have been assessed, and these probabilities have been applied the compute the probability weighted fair value per Option. The fair values and the inputs used in the measurement of the fair values of these equity-settled Options at the date of grant are summarized below:

	2015			2016			2017
Share price M&A Scenario (€)		211-729			291-380			551
Share price IPO Scenario (€)		1,570-1,647			1,289-1,381			1,489
Weighted average option exercise price (€)		1,317			1,260			1,091
Volatility		34.3% - 35.1%			35.9% - 37.9%			37.2	%
Expected life		2.0-3.3 years			1.0-2.8 years			2.8 - 3.8 years
Dividend yield		0	%		0	%		0	%
Risk-free rate		(0.261%) - (0.184%)			(0.743%) - (0.462%)			(0.653	%)
Weighted-average option fair value (€)		445			324			520
Fair value per Option (€)		198-731			271 - 383			481 - 572

Expected volatility is estimated by considering the historical average share price volatility of comparable companies. Since the Options can only be exercised following a Share Sale or an IPO, applying an expected life based on the period from the grant date up and until the expected exit date is considered to be most appropriate for the Options granted during the period.

The vested options cannot be exercised until a Share Sale or an IPO, and this requirement is treated as a non-vesting condition. If the expected service period for the Options granted is shorter than the estimated period up to the exercise date, a discount to the fair value of the options has been applied to allow for the non-transferability of the options in the period between the end of the service period and the estimated exercise date. For this purpose, the discount for lack of marketability (“DLOM”) has been calculated as the cost of an “at-the-money” put option over the underlying share of the appropriate term using the Finnerty option model. The rationale is that the put option insures against the risk of not being able to exercise the option when the share price falls.

Expense recognized in profit or loss

The fair value of the Options granted has been expensed on a straight-line basis over the estimated vesting period, based on management’s estimate of a future Share Sale/IPO date and the number of Options that will eventually vest. As a result of the graded-vesting features of the Options granted, each installment of the award is treated as a separate grant. This means that each installment is separately expensed over the related vesting period. As the Affinitas / Spark Merger was considered a Liquidity Event, all unvested Options as of the merger date will vest in November 2018.

Estimated forfeitures are revised if the number of Options expected to vest differs from previous estimates. Differences between the estimated and actual forfeitures are accounted for in the period they occur.

As of December 31, 2017, none of the outstanding Options have vested, and no Options have been exercised during the period.

Description of share-based payment arrangements operated by Spark Networks following the merger

Under the Spark Networks virtual stock option plan established in 2017 (“Spark Networks 2017 VSOP”), Spark Networks has a choice of settlement whereby the cash amount or equal value in shares to be received by the beneficiaries for a single vested option shall equal the market price per Spark Networks ADS minus the exercise price. Our policy is to avoid cash payments to participants if possible, which means that settlement of the outstanding options is expected to be made in Spark Networks ADSs. Based on this stated policy, the arrangement is classified as equity-settled unless settlement in cash is most probable.

Options outstanding at the end of the period have the following expiry dates and exercise prices (in $):

	2017
	Exercise  Price		Number of Options
Outstanding at 1 January	$	-		-
Granted during the year		10.62		908,608
Forfeited during the year		-		-
Outstanding at December 31	$	10.62		908,608

	2017
Expiry date	Exercise  Price		Number of  Options
December 2021	$	10.62		908,608
Outstanding at 31 December	$	10.62		908,608

Measurement of fair values

The fair value of the employee share options has been measured using a binomial option pricing model.

The fair values and the inputs used in the measurement of the fair values of these equity-settled Options at the date of grant are summarized below:

	2017
Share price ($)		10.21
Exercise price ($)		10.62
Option life (months)		48.5
Volatility		55.0	%
Dividend yield		0	%
Risk-free rate		1.98	%
Fair value per Option ($)		3.87
Fair value per Option (€)		3.27

Expected volatility is estimated by considering historical average share price volatility of the company, including the historical share price volatility of Spark Networks, Inc.

Expense recognized in profit or loss

Since the Options are subject to a graded vesting schedule, there are effectively nine vesting periods (tranches). The grant date fair value for each of the nine tranches is expensed separately over the related vesting period.

Estimated forfeitures are revised if the number of Options expected to vest differ from previous estimates, and any differences between the estimated and actual forfeitures are accounted for in the period they occur.

In 2017, the total share-based payment expense recognized for the equity-settled Options granted under this virtual stock option plan amounted to €313 thousand (2016: € 0).

Description of share-based payment arrangements operated by Spark prior to the merger

Spark granted share-based payment awards under the 2007 Omnibus Incentive Plan (the “Spark 2007 Plan”), including incentive stock options, nonqualified stock options, stock appreciation rights (“SARs”), restricted shares of common stock, restricted stock units, performance stock or unit awards, and other stock-based awards and cash-based incentive awards.

In connection with the Affinitas / Spark Merger, Spark established the Chardonnay Trust, with the purpose of holding such number of shares of Spark Networks SE ADSs as shall be necessary to satisfy the obligations under all unexercised Spark stock options awarded under the Spark 2007 Omnibus Incentive Plan (“Spark 2007 Plan”). Following the completion of the Affinitas / Spark Merger, Spark no longer has any rights to revoke or amend the Chardonnay Trust in a manner that is detrimental to Spark 2007 Plan participants.

Each Spark stock option was converted into an award to acquire ADSs from the Chardonnay Trust, on the same terms and conditions as were applicable under the Spark stock option, and subject to adjustment based on the exchange ratio stipulated in the merger agreement. The shares underlying the ADSs held in the Chardonnay Trust are recognized as treasury stock within the Consolidated Statement of Shareholder’s Equity.

Only nonqualified stock options are outstanding as of the merger date. These equity-settled options are exercisable after vesting.

Reconciliation of outstanding share options

The movements in the number of Spark options outstanding and their related weighted average exercise prices are as follows:

	2017
	Weighted Average Exercise Price		Number of Options
Outstanding at November 3	$	37.47		236,670
Expired during the year		83.75		(72,900	)
Forfeited during the year		14.50		(500	)
Outstanding at December 31	$	16.88		163,270

In the table above, all options were granted in the period prior to the merger. As of December 31, 2017, 50,150 of the outstanding options have vested.

Options outstanding at the end of the period have the following expiry dates and exercise prices:

	2017
Expiry date	Exercise Price		Number of  Options
March 2018	$	20.87		1,750
July 2018		10.10		24,735
November 2018		10.00		12,000
November 2018		53.70		20,000
November 2018		34.50		5,000
March 2023		30.70		3,750
August 2023		14.50		5,000
September 2023		18.60		250
March 2024		10.00		2,400
March 2024		10.10		88,385
Outstanding at December 31				163,270

Measurement of fair values

Spark calculates the fair value of stock-based compensation using the Black-Scholes option-pricing model. The determination of the fair value of stock-based awards at the grant date requires judgment in developing assumptions, which involve a number of variables. These variables include, but are not limited to, the expected stock price volatility over the term of the awards, the expected dividend yield and the expected stock option exercise behavior.

Spark’s computation of expected volatility is based on a combination of historical and market-based implied volatility. The volatility rate was derived by examining historical stock price behavior and assessing management’s expectations of stock price behavior during the term of the option. The term of the options was derived based on the “simplified method” calculation. The simplified method allows companies that do not have sufficient historical experience to provide a reasonable basis for an estimate to instead estimate the expected term of a "plain vanilla" option by averaging the time to vesting and the full term of the option. ("Plain vanilla" options are options with the following characteristics: (i) the options are granted at-the-money; (ii) exercisability is conditional only upon performing service through the vesting date; (iii) if an employee terminates service prior to vesting, the employee would forfeit the options; (iv) if an employee terminates service after vesting, the employee would have a limited time to exercise the options (typically less than 90 days); and (v) the options are nontransferable and non-hedgeable.)

Expense recognized in profit or loss

Compensation expense for Spark options is recognized over the requisite service period. As the Affinitas / Spark Merger was considered a change in control, all unvested Spark options will vest by May 2018 to the extent outstanding at such time.

For the period ended December 31, 2017, the total share-based payment expense recognized for the equity-settled options granted under the plans operated by Spark prior to the merger amounted to €175 thousand.

4.12 Income taxes

The major components of income taxes are broken down as follows:

	Years ending December 31,
in € thousands	2015			2016			2017
Current income tax		(369	)		(752	)		(67	)
Current income tax expenses (-) / income (+)		(374	)		(752	)		(57	)
Adjustments for current income tax from prior periods		5			-			(10	)
Deferred tax		(76	)		(330	)		151
Deferred taxes from the origination and reversal of temporary differences		31			211			(8	)
Deferred taxes on tax losses carryforward		(107	)		(541	)		159
Total		(445	)		(1,082	)		84

Based on the consolidated income before taxes, the reconciliation of the effective tax expense is the following:

	Years ending December 31,
in € thousands		2015			2016			2017
Income before tax from continuous operations			855			2,405			(5,658	)
Tax rate of the Group in %			30	%		30	%		32	%
Expected tax expense (-) / income (+)			(259	)		(728	)		1,811
Tax effect of:
Differences in applicable tax rate			-			50			(108	)
Recognition of previously unrecognized tax losses			-			-			573
Current-year losses and for which no deferred tax is recognized			-			-			(2,009	)
Share-based payment arrangements			(180	)		(297	)		(139	)
Non-deductible expenses for tax purpose			-			-			(5	)
Taxes from prior years			5			-			(10	)
Trade tax additions and deductions			(4	)		(9	)		(29	)
Sundry items			(7	)		(98	)		-
Effective tax expense			(445	)		(1,082	)		84

During the year ended December 31, 2017, the corporate income tax rate in the UK was reduced to 17% with effect from April 1, 2020. During the year ended December 31, 2016, corporate income tax rates in the UK were reduced from 20% to 19% with effect April 1, 2017 and 18% with effect from April 1, 2020. Additionally, the corporate income tax rate in the US was reduced from 35% to 21% with effect from January 1, 2018. The Israeli corporate tax rate is reduced from 24% to 23% in 2018. These rates are reflected in the deferred tax calculations as appropriate. The impact of the change in tax rate has been recognized in tax expense in profit or loss, except to the extent that it relates to items previously recognized outside profit or loss.

At the balance sheet date, no assessable temporary difference exists associated with undistributed earnings of subsidiaries at the parent entity is able to control the timing of distributions from its subsidiaries and there are no profits expected to be distributed in the foreseeable future.

As of December 31, 2016 and 2017, the following deferred tax assets and liabilities were recognized:

	December 31,
in € thousands	2016		2017
Deferred tax assets (DTA)		10,001		9,907
Deferred tax liabilities (DTL)		929		725

A breakdown of deferred tax assets and liabilities is presented in the following table:

	2016				2017
in € thousands	DTA		DTL		DTA		DTL
Intangible assets		-		1,962		-		2,150
Property, plant and equipment		-		-		-		-
Financial assets		-		-		-		-
Receivables and other assets		303		-		125		-
Cash		16		-		61		-
Liabilities		-		54		2		-
Provisions		19		-		4		-
Deferred income		115		36		-		-
Other		-		-		-		-
Income tax credits		-		-		295		-
Tax losses carryforward		10,671		-		10,845		-
Total, gross		11,124		2,052		11,332		2,150
Set off of deferred tax		1,123		1,123		1,425		1,425
Total, net		10,001		929		9,907		725

The deferred tax liabilities on intangible assets as of December 31, 2016 and December 31, 2017 of €1,962 thousand and €2,150 thousand, respectively, are attributable intangible assets acquired as part of the Samadhi Acquisition in 2016 and the Affinitas / Spark Merger in 2017, and the capitalization of internally generated software.

The deferred taxes recorded on cash and cash equivalents related to differences in the treatment of unrealized foreign currency exchange effects that are not deductible for tax purposes.

In Germany, the Group has tax loss carryforwards for corporate taxes amounting to €39,002 thousand as of December 31, 2017 (December 31, 2016: €32,912 thousand) and €38,629 thousand for trade taxes (December 31, 2016: €32,737 thousand). Of these tax loss carryforwards, €4,127 thousand were unused.

In general, the net operating loss carry-forwards in Germany do not expire. They are subject to review and possible adjustment by the German tax authorities. Furthermore, under current German tax laws, certain substantial changes in the Group’s ownership and business may further limit the amount of net operating loss carry forwards, which could be utilized annually to offset future taxable income.

In March 2017, the Federal Constitutional Court released a court order to declare that forfeiture of tax losses due to certain substantial changes in a company’s ownership are unconstitutional.

The restrictions on the utilization of tax losses were mitigated through Economic Growth Acceleration Act (“Wachstumsbeschleunigungsgesetz”). According to the provisions of this act unused tax losses of a corporation are preserved to the extent they are compensated by an excess of the fair value of equity for tax purposes above its carrying amount of the Group.

At December 31, 2017, Spark has gross net operating loss carry-forwards for U.S. income tax purposes of approximately €22,733 thousand (December 31, 2016: €0 thousand) and €16,356 thousand (December 31, 2016: €0 thousand) available to reduce future federal and state taxable income, respectively, which expire beginning in the years 2020 for federal purposes and in 2018 for state purposes. Under Section 382 of the U.S. Internal Revenue Code, the utilization of the net operating loss carry-forwards may be limited based on changes in the percentage ownership of the Group. Of these unused tax losses, there was no deferred tax asset recognized.

At December 31, 2017, Spark has U.S. federal income tax carry-forwards for income tax purposes of approximately €295 thousand (December 31, 2016: €0 thousand), which if not previously utilized, are allowable as refundable credits under the Tax Cuts and Job Act through 2022. However, the refundability of the credit will be determined through additional guidance to properly interpret the interaction between Internal Revenue Code Section 383 with the Tax Cuts and Jobs Act.

In addition, as of December 31, 2017, the Group had tax losses carryforward in France of €1,084 thousand (December 31, 2016 €2,265 thousand), for which deferred tax assets were recognized. There was also approximately €8,688 thousand in net operating loss carry-forwards for Israeli tax purposes at December 31, 2017 (December 31, 2016: €0 thousand), which do not expire, and for which no deferred tax asset was recognized.

Spark Networks capitalizes deferred tax assets on loss carry-forwards to the extent that it is probable that those can be used to reduce future taxable income. Following Spark Networks’ evaluation, deferred tax assets of €10,845 thousand were capitalized.

4.13 Earnings per share

Basic earnings per share

The calculation of basic earnings per share has been based on the following profit attributable to ordinary shareholders and weighted average number of ordinary shares outstanding:

	Years ending December 31,
in € thousands	2015			2016			2017
Continuing operations		410			1,323			(5,574	)
Discountined operations		(959	)		(632	)		-
Total		(549	)		691			(5,574	)

Weighted-average number of ordinary shares (basic)

The weighted-average number of ordinary shares outstanding during the years ended December 31, 2015, 2016 and 2017 used in the earnings per share calculations was 25,000, 25,000, and 230,000, respectively.

Diluted earnings per share

The calculation of diluted earnings per share has been based on the same profit/loss attributable to ordinary shareholders and weighted-average number of ordinary shares outstanding as the calculation of basic earnings per share, as the inclusion of the share options granted under the ESOPs (see Note 4.11) would be antidilutive.

XML

Notes on the Consolidated Balance Sheet

12 Months Ended

Dec. 31, 2017

Disclosure Of Consolidated Balance Sheet [Abstract]

Notes on the Consolidated Balance Sheet

Note 5. Notes on the Consolidated Balance Sheet

5.1 Intangible assets

The following table shows the reconciliation of intangible assets for the year ended December 31, 2017:

in € thousands	Internally generated software			Licenses  and  domains		Brands and trademarks			Purchased software			Other intangible assets			Intangible assets under development			Goodwill			Total
Purchase costs																						-
January 1, 2016		-			121		-			50			-			-			-			171
Acquired		-			1		2,551			-			2,880			-			3,324			8,756
Additions		1,186			-		91			-			568			-			-			1,845
Disposals		-			-		-			(50	)		-			-			-			(50	)
December 31, 2016		1,186			122		2,642			-			3,448			-			3,324			10,722
Acquired		1,984			-		2,525			-			1,735			-			20,453			26,697
Additions		261			110		-			-			323			1,768			-			2,462
Disposals		(179	)		-		-			-			-			-			-			(179	)
Reclassifications		678			-		-			-			-			(678	)		-			-
Currency translation		(61	)		-		(74	)		-			(48	)		-			(593	)		(776	)
December 31, 2017		3,869			232		5,093			-			5,458			1,090			23,184			38,926
Accumulated amortization and impairment
January 1, 2016		-			61		-			27			-			-			-			88
Additions		179			24		37			-			787			-			-			1,027
Impairment		-			-		-			-			-			-			-			-
Disposals		-			-		-			(27	)		-			-			-			(27	)
Reclassification		-			-		-			-			-			-			-			-
December 31, 2016		179			85		37			-			787			-			-			1,088
Additions		366			19		139			-			2,357			-			-			2,881
Impairment		-			-		-			-			-			-			-			-
Disposals		(179	)		-		-			-			-			-			-			(179	)
Currency translation		-			-		-			-			-			-			-			-
December 31, 2017		366			104		176			-			3,144			-			-			3,790
Remaining carrying amount
January 1, 2016		-			60		-			23			-			-			-			83
December 31, 2016		1,007			37		2,605			-			2,661			-			3,324			9,634
December 31, 2017		3,503			128		4,917			-			2,314			1,090			23,184			35,136

During the year ended December 31, 2017, intangible assets mainly increased in the reporting period due to the Affinitas / Spark Merger. Other intangible assets mainly comprise TV productions of Affinitas and the customer base and research and developments costs recognized in connection with the Samadhi Acquisition and Affinitas / Spark Merger. The useful lives of other intangible assets identified as part of the acquisition are 1 to 4 years and that of the brands and trademarks is 20 years or indefinite. The remaining useful life of the other brands and trademarks is 10 years; that of the other intangible assets is 1.5 years. The useful life of the licenses and domains is 2-5 years.

In the course of the acquisition of Spark during the year ended December 31, 2017, goodwill of €20,453 thousand was recognized for the first time.

Further, internally generated software as of December 31, 2016 and 2017 amounted to €1,007 thousand and €3,503 thousand, respectively. This increase results from capitalizing of personnel-related development costs for a unified technology platform and the development of new software to allow dynamic psychology tests of potential subscribers before they log on to the platform.

Expenses for amortization of intangible assets were recognized in cost and expenses.

Impairment Test of Goodwill

The Group performed its annual impairment test for goodwill as of December 31, 2017. Goodwill is allocated to cash-generating units that represent the lowest level at which the goodwill is monitored for internal management purposes, which is the operating segment. The existing goodwill of €23,184 thousand was allocated to the cash-generating units within the North America and International segments: Samadhi (International), Christian Networks (North America), Jdate USA (North America), Jdate Israel (International), JSwipe (North America), and Other Networks (North America).

The impairment test was performed following the procedures and the guidance outlined in IAS 36 Impairment of Assets. For impairment test purposes under IFRS, the value concept of fair value less cost of disposal was applied. The impairment test was performed pursuant to the guidance of IAS 36 with a focus on:

· Derivation of an applicable discount rate

· Determination of the fair value less cost of disposal of the CGUs

· Approximate derivation of the carrying amount for each CGU, based on the IFRS balance sheets

· Calculation of the possible impairment for each CGU

Fair value is measured using a three-level hierarchy based on the inputs used in the valuation techniques as follows .

Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).

Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).

We have applied the Level 3 data for the purposes of performing the impairment test.

For the determination of the fair values less cost of disposal, the Discounted Cash Flow (DCF) method was applied. The free cash flows (FCF) were derived based on the financial forecast for each CGU for the next five years. The cash flow plans are based on experience as well as on expected market trends in the future. For the terminal value, a growth rate of 0.5% was assumed for Samadhi and 3.0% was assumed for the remaining CGUs.

For discounting the future cash flows, a post-tax weighted average cost of capital (WACC) adjusted for a company risk premium (CRP) in the planning and terminal growth period was applied for each CGU. A WACC of 8.0% for Samadhi, 18.1% for Christian Networks, 18.1% for Jdate USA, 18.2% for Jdate Israel, 8.1% for JSwipe, and 23.1% for Other Networks was assumed.

An impairment according to IAS 36 is required if the carrying amount exceeds the recoverable amount. The recoverable amount is assumed to equal the calculated fair value less cost of disposal. As the recoverable amount of each CGU was significantly higher than the carrying amount, the annual impairment test did not result in any impairment loss.

As part of the annual impairment testing, a sensitivity analysis was also conducted. Only a scenario in which EBITDA margin declines in excess of five percentage points would result in an impairment.

5.2 Property, plant and equipment

The following table shows the reconciliation of property and equipment for the year-ended December 31, 2017:

in € thousands	Leasehold improvement			Other and office equipment			Property, plant and equipment under construction		Total
Purchase costs
January 1, 2016		305			570			-		875
Acquired		-			137			-		137
Additions		-			147			-		147
Disposals		(1	)		(1	)		-		(2	)
December 31, 2016		304			853			-		1,157
Acquired		-			81			-		81
Additions		-			232			1,523		1,755
Disposals		-			(145	)		-		(145	)
Currency translation		-			(3	)		-		(3	)
December 31, 2017		304			1,018			1,523		2,845
Accumulated depreciation and impairment										-
January 1, 2016		-			421			-		421
Additions		59			192			-		251
Disposals		-			-			-		-
December 31, 2016		59			613			-		672
Additions		59			144			-		203
Impairment		-			25			-		25
Disposals		-			(137	)		-		(137	)
December 31, 2017		118			645			-		763
Remaining carrying amount
January 1, 2016		305			149			-		454
December 31, 2016		245			240			-		485
December 31, 2017		186			373			1,523		2,082

During the year ended December 31, 2017, Spark procured hardware and software to facilitate an upgrade of the Group’s technological infrastructure. The project was not completed as of December 31, 2017. The addition of €1,523 thousand mainly related to the acquisition of IT hardware, the capitalization of third-party expenses and personnel costs. Completion of these projects is expected in June 2018.

5.3 Trade receivables

The following table gives an overview of the Group’s trade receivables as of December 31, 2016 and 2017:

in € thousands	December 31, 2016			December 31, 2017
Trade receivables (gross)		5,338			7,588
Allowance for bad debt		(1,066	)		(774	)
- thereof non-current		-			-
- thereof current		4,272			6,814
Total trade receivables		4,272			6,814

5.4 Other financial assets

in € thousands	December 31, 2016		December 31, 2017
Deposits		2,173		2,119
Other receivables and assets		337		1,060
- thereof non-current		21		23
- thereof current		2,489		3,156
Other financial assets		2,510		3,179

Deposits within other financial assets mainly comprise deposits with payment providers.

5.5 Other assets

in € thousands	December 31, 2016		December 31, 2017
Prepaid expenses		1,663		2,637
VAT receivables and deposits		593		1,204
Other receivables and assets		46		9
- thereof non-current		-		-
- thereof current		2,302		3,850
Other assets		2,302		3,850

Prepaid expenses mainly relate to prepaid marketing expenses.

5.6 Deferred tax assets

See Note 4.12 Income taxes for the presentation of deferred tax assets.

5.7 Cash and cash equivalents

Cash and cash equivalents are composed of the following as December 31, 2016 and 2017:

in € thousands	December 31, 2016		December 31, 2017
Cash including petty cash		3		2
Bank		8,061		8,212
Total cash and cash equivalents		8,064		8,214

Movements in cash and cash equivalents during the reporting periods are evident from the consolidated statement of cash flows.

5.8 Shareholder’s Equity

Movements in equity components are presented in the consolidated statement of changes in equity.

Subscribed capital and capital reserve

Subscribed Capital and capital reserve increased from €25 thousand as of December 31, 2016 to €1,317 thousand as of December 31, 2017 due to the following adjustments:

· An increase of €825 thousand to subscribed capital, €25,455 thousand to Capital Reserves and a decrease of €(26,280) thousand to Non-current liabilities to give effect to the exchange of historical preferred Affinitas shares for Spark Networks Ordinary Shares, which is accounted for as a balance sheet reclassification;

· A decrease of €(5,730) thousand to Capital Reserves immediately prior to the Affinitas / Spark Merger to give effect to the cash withdrawal to be received by Affinitas’s shareholders;

· An increase of €120 thousand to subscribed capital to reflect the incremental shares of Spark Networks stock purchased by Affinitas’s shareholders immediately prior to the Affinitas / Spark Merger in the Affinitas Share Transfer; and

· An increase of €347 thousand to subscribed capital and €29,152 thousand to Capital Reserves to give effect to the issuance of Spark Networks Ordinary Shares (equivalent to 0.1 Spark Networks ADSs) in exchange to acquire 100% of the outstanding shares of Spark.

Preferred shares were presented as non-current financial liabilities at December 31, 2016 (see Note 5.11).

Treasury shares

As of December 31, 2017, the Company held 23,667 (December 31, 2016: nil) ordinary shares as treasury shares, in accordance with local law. The treasury shares were exchanged without any consideration in the course of establishing the Chardonnay Trust in connection with the Affinitas / Spark Merger. The treasury shares are recognized at par value and deducted from the 1,316,886 ordinary shares of subscribed capital.

5.9 Borrowings

In September 2016, in connection with the acquisition of Samadhi, the company entered into a loan agreement (the “Loan Agreement”) provided by certain stakeholders and officers of Affinitas (each such person, a “Lender,” and collectively the “Lenders”), under which the Lenders provided Affinitas with loans of different types (either Type A Loans or Type B Loans, both as defined below) in the aggregate principal amount of €5,850 thousand (€1,850 thousand of which is under the Type A Loans and €4,000 thousand of which is under the Type B Loans).

Certain of the loans have an interest rate of 8.0% per annum and will mature on June 30, 2018 (the “Type A Loans”). The other loans have an interest rate of 9.0% per annum and will mature on March 31, 2019 (the “Type B Loans” and, together with the Type A Loans, the “Loans”). Interest accrues on each outstanding Loan and is due and payable to the respective Lender in monthly installments on the last business day of each calendar month (with amortization calculated on a straight line basis). The Loan Agreement does not require compound interest to be paid on the accrued interest.

The obligations under the Loan Agreement are secured by all of Affinitas’s past, present, future, conditional and unconditional claims, rights, title and interest (whether actual or contingent) against all of Affinitas’s clients as well as against suppliers and service providers (with respect to the provision of goods and/or services by or to Affinitas) and/or against credit institutions of Affinitas in respect of deposits held by such credit institutions for Affinitas.

On March 15, 2018, the Group entered into a termination agreement (the “Termination Agreement”) to its Loan Agreement. Pursuant to the terms of the Termination Agreement, in exchange for the early termination of the loans under the Loan Agreement effective as of March 15, 2018 and the repayment in full of the then outstanding principal amount of the loans under the Loan Agreement of €5,850 thousand, the parties agreed to an early termination fee of €300 thousand, consisting of a 2% fee on the repaid principal amount of the Type A loans and a 6.75% fee on the repaid principal amount of the Type B loans. In addition, the parties agreed that interest on the loans of approximately €40 thousand under the Loan Agreement was paid in full for the month of March 2018. All payments under the Termination Agreement were made on or before March 31, 2018.

In addition, as of December 31, 2016 and 2017, the Group had outstanding bank loans of €5 thousand and €0 thousand, respectively, presented as current borrowings.

5.10 Provisions

in € thousands	Provisions for refunds			Restructuring provisions			Other provisions			Total
January 1, 2016		95			-			94			189
- thereof non-current		-			-			42			42
- thereof current		95			-			52			147
Acquired		-			-			30			30
Utilization		(94	)		-			(53	)		(147	)
Release		-			-			(45	)		(45	)
Addition		127			642			27			796
Reclassifications		-			-			-			-
Discounting effects		-			-			-			-
December 31, 2016		128			642			53			823
- thereof non-current		-			-			17			17
- thereof current		128			642			36			806
Acquired		-			-			975			975
Utilization		(67	)		(642	)		(10	)		(719	)
Release		-			-			-			-
Addition		59			30			62			151
Reclassifications		-			-			(27	)		(27	)
Discounting effects		-			-			-			-
Currency translation								(27	)		(27	)
December 31, 2017		120			30			1,026			1,176
- thereof non-current		-			-			17			17
- thereof current		120			30			1,009			1,159

In the course of the Samadhi Acquisition in the fourth quarter of 2016, the group initiated plans to restructure the business. A provision was recognized, which mainly relates to termination benefits payable to former employees. The group settled the obligations during the course of 2017.

5.11 Other financial liabilities

in € thousands	December 31, 2016		December 31, 2017
Liabilities from preferred shares		26,280		-
Liabilities from contingent consideration		1,295		-
Payroll liabilities		42		206
Other liabilities		-		6,309
- thereof non-current		26,280		-
- thereof current		1,337		6,515
Other financial liabilities		27,617		6,515

Preferred shares were a class of shares of the company and conveyed voting rights to its holders. The preferred shareholders were entitled to a significant share of the net assets of the company in case of certain liquidity events, which could be controlled by the holders of the preferred shares. Accordingly, the preferred shares were classified as a financial liability in accordance with IAS 32.11. Those preferred shares were exchanged into ordinary shares of Spark in connection with the merger (for further information, refer to Note 5.8).

The liabilities from business combinations related to deferred consideration as part of the Samadhi Acquisition on September 30, 2016, which was paid in the course of 2017.

Other liabilities as of December 31, 2017 mainly relates to the outstanding payment to former Affinitas’ shareholders following the Affinitas / Spark Merger (see Note 5.8).

5.12 Other liabilities

in € thousands	December 31, 2016		December 31, 2017
VAT payables		-		98
Payroll liabilities		714		927
Other tax liabilities		2,018		2,262
- thereof non-current		-		-
- thereof current		2,732		3,287
Total other liabilities		2,732		3,287

5.13 Deferred tax liabilities

See Note 4.12 for the presentation of deferred tax liabilities.

5.14 Income tax liabilities

See Note 4.12 for the presentation of income tax liabilities

5.15 Deferred Income

The maturity structure of deferred income as of December 31, 2016 and 2017 is broken down as follows:

in € thousands	December 31, 2016		December 31, 2017
Non-current		85		23
Current		18,047		20,354
Total deferred income		18,132		20,377

Deferred income mainly relates to upfront payments from customers. The deferral is released to revenue over the duration of the customer’s subscription period.

XML

Notes on the consolidated cash flow statement

12 Months Ended

Dec. 31, 2017

Disclosure Of Consolidated Cash Flow Statement [Abstract]

Notes on the consolidated cash flow statement

Note 6. Notes on the consolidated cash flow statement

The consolidated statement of cash flows was prepared in accordance with IAS 7 and shows the inflow and outflow of cash flows during the reporting year. Cash flows are broken down into cash flows from operating activities, cash flows from investing activities and cash flows from financing activities. The cash flows arising from operating activities are determined by using the indirect method according to IAS 7.18 (b).

XML

Financial instruments and risk management

12 Months Ended

Dec. 31, 2017

Disclosure of detailed information about financial instruments [abstract]

Financial instruments and risk management

Note 7. Financial instruments and risk management

7.1 Financial instruments

The following table shows the carrying amounts and fair values of financial assets and financial liabilities and classifies these into measurement categories. For this, the following abbreviations are used:

· LaR: Loans and Receivables

· OFL: Other Financial Liabilities

· LdaFV: Liabilities designated at Fair Value

		Measured at amortized  cost				Measured  at fair  value		Total
December 31, 2016 in € thousands	Classification  pursuant to  IAS 39	Carrying  amount		Fair value		Carrying  amount		Carrying  amount
Deposits	LaR		18		18		-		18
Other receivables	LaR		3		3		-		3
Other non-current financial assets - third parties			21		21		-		21
Trade receivables	LaR		4,272		4,272		-		4,272
Deposits	LaR		2,155		2,155		-		2,155
Other receivables	LaR		334		334		-		334
Other financial assets - third parties (current)			2,489		2,489		-		2,489
Cash and cash equivalents	LaR		8,064		8,064		-		8,064
Total financial assets			14,846		14,846		-		14,846
Borrowings	OFL		5,850		5,811		-		5,850
Preferred shares treated as financial liabilities	OFL		26,280		26,280		-		26,280
Trade payables	OFL		5,568		5,568		-		5,568
Contingent consideration	LdaFV		-		-		295		295
Deferred consideration payable	OFL		1,000		1,000		-		1,000
Other liabilities	OFL		42		42		-		42
Other financial liabilities to third parties (current)			1,042		1,042		295		1,337
Total financial liabilities			38,740		38,701		295		39,035

		Measured at amortized cost				Measured at fair value		Total
December 31, 2017 in € thousands	Classification pursuant to IAS 39	Carrying amount		Fair value		Carrying amount		Carrying amount
Deposits	LaR		20		20		-		20
Other receivables	LaR		3		3		-		3
Other non-current financial assets - third parties			23		23		-		23
Trade receivables	LaR		6,814		6,814		-		6,814
Deposits	LaR		2,099		2,099		-		2,099
Other receivables	LaR		1,057		1,057		-		1,057
Other financial assets - third parties (current)			3,156		3,156		-		3,156
Cash and cash equivalents	LaR		8,214		8,214		-		8,214
Total financial assets			18,207		18,207		-		18,207
Borrowings	OFL		5,850		6,284		-		5,850
Preferred shares treated as financial liabilities	OFL		-		-		-		-
Trade payables	OFL		11,489		11,489		-		11,489
Contingent consideration	LdaFV		-		-		-		-
Deferred consideration payable	OFL		-		-		-		-
Other liabilities	OFL		6,515		6,515		-		6,515
Other financial liabilities to third parties (current)			6,515		6,515		-		6,515
Total financial liabilities			23,854		24,288		-		23,854

The fair value of borrowings was determined based on the settlement agreement with the lenders dated March 15, 2018. Refer to Note 8.4.

The following table shows the movements of financial liabilities.

												Non-Cash related changes
in € thousands	January 1,  2017		Cash related changes from operating activities			Cash related changes from financing activities			Cash related changes from investing activities			Changes in Consolidation Group		Changes in interest expenses		Other changes			December 31, 2017
Borrowings		5,850		(509	)										509					5,850
Preferred shares treated as financial liabilities		26,280															(26,280	)		-
Contingent consideration		295								(295	)									-
Deferred consideration payable		1,000					(1,000	)												-
Other liabilities		42					(5	)					1,176				5,302			6,515
Other financial liabilities to third parties (current)		1,337					(1,005	)		(295	)		1,176				5,302			6,515
Total financial liabilities		33,467		(509	)		(1,005	)		(295	)		1,176		509		(20,978	)		12,365

Measurement of fair values

The majority of the Group’s financial instruments, including cash and cash equivalents, restricted cash, deposits, trade receivable, and accounts payable are carried at cost, which approximates their fair value due to the short-term maturity of these instruments.

Financial instruments not measured at fair value

Borrowings

The fair value of borrowings has been measured using discounted cash flows, i.e. the present value of expected payments, discounted using a risk-adjusted discount rate. For this, the Group’s weighted average cost of capital has been used.

Financial instruments measured at fair value

Contingent consideration has been designated at fair value because the liability is assessed in line with the Group’s current obligations in line with market conditions. It is measured using a discounted cash flow valuation model which considers the present value of expected payment, discounted using a risk-adjusted discount rate. The expected payment is determined by considering the possible scenarios of forecast revenue and EBITDA, the amount to be paid under each scenario, and the probability of each scenario. The inputs for this model are Level 3 inputs pursuant to the fair value hierarchy.

As disclosed in Note 8.2, the carrying amount at December 31, 2017 represents the full contractually required amount to be paid at maturity. This amount has not been discounted further due to the short-term maturity of the obligation.

There has been no change to the fair value in the period either in total or as a result of credit risk. As such, no gains/losses have been recognized in the income statement or other comprehensive income. The Group determines the amount of fair value changes which are attributable to credit risk, by first determining the changes due to market conditions which give rise to market risk, and then deducting those changes from the total change in fair value of the contingent consideration.

7.2 Financial risk management

The Group has exposure to the following risks arising from financial instruments:

· credit risk;

· liquidity risk; and

· market risk

Risk management framework

The Group’s management has overall responsibility for the establishment and oversight of the Group’s risk management. The Group’s risk management procedures are established to identify and to analyze the risks faced by the Group, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Group’s activities. The Group aims to maintain a disciplined and constructive control environment in which all employees understand their roles and obligations.

Credit risk

Credit risk is the risk of financial loss to the Group if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Group’s receivables from subscribers.

The Credit risk exists for all financial assets, in particular, for cash and cash equivalents, trade receivables and other financial assets. The Group’s receivables are unsecured. The carrying amount of financial assets represents the maximum credit exposure.

The credit risk relating to trade receivables is the risk that the subscribers are unable to fulfill their payment obligations. The Group does not regard itself as being exposed to a major default risk from any single individual customer. The concentration of the credit risk is limited due to the broad and heterogeneous customer base.

Credit risk relating to other financial assets mainly relates to cash deposits to payment processors. If the payment processors incur financial difficulties, then the Group may incur losses. Management monitors the creditworthiness of payment processors closely. In the past, there were no indications that the payment processors would not meet its obligations.

The following table presents the maturity structure of the financial assets that are not impaired and not past due as well as those due and impaired as of the reporting date. In respect of receivables that are neither impaired nor past due, there was no indication on the reporting date that the debtors would not meet their payment obligations. All receivables past due by 60 days are written off in its entirety.

in € thousands	Carrying amount		Thereof neither  past due nor impaired		Thereof past due  as of the reporting  date and impaired
December 31, 2016
Deposits		334		334		-
Other receivables		2,155		2,155		-
Other financial assets		2,489		2,489		-
Trade receivables		4,272		3,206		1,066
Total		6,761		5,590		1,066
December 31, 2017
Other receivables		1,060		1,060		-
Deposits		2,119		2,119		-
Other financial assets		3,179		3,179		-
Trade receivables		6,814		6,040		774
Total		9,993		9,219		774

The movement in the allowance for impairment in respect of trade receivables during the year was as follows. The bad debt allowance includes all receivables that are overdue and are not expected to be recovered.

in € thousands	Impairments
Balance at December 31, 2015		912
Impairment loss recognized		4,073
Amounts written off		(3,919	)
Balance at December 31, 2016		1,066
Impairment loss recognized		4,102
Amounts written off		(4,394	)
Balance at December 31, 2017		774

As of December 31, 2016 and 2017, the Group held cash and cash equivalents of €8,064 thousand and €8,214 thousand, respectively. The cash and cash equivalents are held with bank and financial institution counterparties, which hold at least an A-level credit rating.

Liquidity risk

Liquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Group’s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Group’s reputation.

Management monitors its cash inflows and outflows on a daily basis and through proper budget planning, the Group’s liquidity management makes sure that sufficient funds are available to meet financial obligations. Additionally, many customers pay in advance for subscription services at the commencement of the subscription period. Therefore, the Group maintains high cash and cash equivalents levels.

Exposure to liquidity risk

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and undiscounted, and include contractual interest payments and exclude the impact of netting agreements.

			Contractual cash flow
December 31, 2016 in € thousands	Carrying  amount		Total		< 1 year		1-5 years		More than 5  years
Borrowings		5,850		7,157		513		6,644		-
Preferred shares treated as financial liabilities		26,280		-		-		-		-
Trade payables		5,568		5,568		5,568		-		-
Other current financial liabilities		1,337		1,337		1,337		-		-
Contingent consideration		295		295		295		-		-
Deferred consideration payable		1,000		1,000		1,000		-		-
Other liabilities		42		42		42		-		-
Total financial liabilities		39,035		14,062		7,418		6,644		-

			Contractual cash flow
December 31, 2017 in € thousands	Carrying amount		Total		< 1 year		1-5 years		More than 5  years
Borrowings		5,850		6,284		6,284		-		-
Trade payables		11,489		11,489		11,489		-		-
Other current financial liabilities		6,515		6,515		6,515		-		-
Total financial liabilities		23,854		24,288		24,288		-		-

Preferred shares treated as financial liabilities did not have a contractual repayment date. Preferred shares were due upon certain defined liquidity events, which are outside of the control of the Group and the preferred shareholders. Management did not expect a liquidity event to occur as of December 31, 2016.

Market risk

Market risk is the risk that changes in market prices – such as foreign exchange rates, interest rates and equity prices – will affect the Group’s income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return.

Currency risk

The Group is exposed to currency risk to the extent that there is a mismatch between the currencies in which sales, purchases and borrowings are denominated and the functional currency of the Group’s subsidiaries. The presentation currency of all Group subsidiaries is the euro.

The Group intends to naturally hedge foreign exchange fluctuations by settling all transactions in their respective transaction currencies. The Group’s policy is to ensure that its net exposure is kept to an acceptable level by buying or selling foreign currencies at spot rates when necessary to address short-term obligations. When foreign currency reserves are more than the short-term obligations, then the Group converts the amount to functional currency. The currencies in which these transactions are primarily denominated are euro, US dollars, Great British Pound, Australian dollar, Canadian dollar, and Israeli New Shekel (“ILS”).

Exposure to currency risk

The summary quantitative data about the Group’s exposure to currency risk as reported to the management of the Group is as follows:

December 31, 2016 in thousands in local currency	EUR			USD			GBP			AUD		CAD
Financial assets											-		-
Trade receivables		3,645			268			319			-		-
Other financial assets		2,489			-			-			-		-
Cash and cash equivalents		6,907			596			507			-		-
Financial liabilities		-			-			-			-		-
Borrowings		(5,855	)		-			-			-		-
Preferred shares treated as financial liabilities		(26,280	)		-			-			-		-
Trade payables		(2,798	)		(1,344	)		(1,280	)		-		-
Other financial liabilities		(1,337	)		-			-			-		-
Net statement of financial position exposure		(23,229	)		(480	)		(454	)		-		-

December 31, 2017 in thousands in local currency	EUR			USD			GBP			AUD			CAD			ILS
Financial assets
Trade receivables		5,738			924			110			132			143
Other financial assets		2,355			240			-			-			-			2,500
Cash and cash equivalents		1,838			6,568			47			247			450			1,605
Financial liabilities
Borrowings		(5,850	)		-			-			-			-			-
Trade payables		(6,711	)		(4,883	)		(80	)		(178	)		(620	)		(343	)
Other financial liabilities		(5,905	)		(415	)		-			-			-			(1,099	)
Net statement of financial position exposure		(8,535	)		2,434			77			201			(27	)		2,663

Sensitivity analysis

A reasonably possible strengthening (weakening) of the euro, US dollar or sterling, determined by the gross currency fluctuation of the previous year, against all other currencies at December 31 would have affected the measurement of financial instruments denominated in a foreign currency profit or loss by the amounts shown below. There is no effect on equity as no financial instruments are remeasured through OCI nor are subsidiaries with a different presentational currency consolidated. This analysis assumes that all other variables, in particular interest rates, remain constant and ignores any impact of forecast sales and purchases.

	Profit or loss
Effect in euro	Strengthening			Weakening
December 31, 2015
EUR (0% movement)		-			-
USD (12% movement)		247			58
GBP (6% movement)		350			268
December 31, 2016
EUR (0% movement)		-			-
USD (3% movement)		62			34
GBP (14% movement)		(77	)		(254	)
December 31, 2017
EUR (0% movement)		-			-
USD (12% movement)		(335	)		335
GBP (4% movement)		(3	)		3
AUD (5% movement)		(10	)		10
CAD (6% movement)		2			(2	)
ILS (3% movement)		(76	)		76

Interest rate risk

As of the reporting date, the Group only has borrowings with fixed interest rates, and is therefore not exposed to interest rate risk.

Fair value sensitivity analysis for fixed-rate instruments

The Group does not account for any fixed-rate financial assets or financial liabilities at fair value through profit or loss. Therefore, a change in interest rates at the reporting date would not affect profit or loss. For the year ended December 31, 2017, a change of 100 basis points in interest rates would have increased or decreased equity by €0(2016: €10 thousand). This analysis assumes that all other variables, in particular foreign currency exchange rates, remain constant.

Other market price risk

The Group does not hold any equity securities or financial assets or liabilities that are dependent on the price of equity instruments. The Group is therefore not exposed to market price risks.

XML

Other Information

12 Months Ended

Dec. 31, 2017

Other Information [Abstract]

Other Information

Note 8. Other Information

8.1 Balances and transactions with related Parties

Parent and ultimate controlling party

The ultimate controlling party of the group is Spark Networks SE. The shares in the Group are publicly traded on the New York Stock Exchange. Rocket Internet SE holds more than 25% of Spark Networks shares outstanding, and was represented on the Affinitas Board in 2015, 2016, and the pre-Merger period of 2017.

Transactions with shareholders

Consultation services

In 2008 and 2009, Affinitas and Rocket Internet SE (“Rocket”) entered into two agreements. Under these agreements Rocket is obliged to render consulting services to Affinitas in business, professional and/or technical areas and programming services. Affinitas is obliged to pay Rocket fees for the services rendered under the agreements, which are calculated on the basis of the incurred costs of Rocket plus expenses. For the years ended December 31, 2015, 2016 and 2017, respectively, Spark Networks recorded costs of €36 thousand, €22 thousand and €13 thousand, respectively. There was €5 thousand payable to Rocket as of December 31, 2017 and €0 as of December 31, 2016.

Shareholder loans

During the year ended December 31, 2016 the company entered into loans with some of its shareholders as described in more detail in Note 5.9. The total amount outstanding as of December 31, 2016 and 2017 was €5,850 thousand and €5,850 thousand respectively, and the amount of interest incurred during the years then ended December 31, 2016 and 2017 was €130 thousand and €508 thousand, respectively. The loan was fully repaid in March 2018. Refer to Note 8.4.

MLLNNL, LLC

The acquired subsidiary Spark had multiple, ongoing engagements with MLLNNL, LLC (“Mllnnl”), a marketing agency that employs, and was co-founded by, an employee of the Group’s wholly-owned subsidiary, Smooch Labs. For the year ended December 31, 2017, the Group has expensed €50 thousand for services performed by Mllnnl.

Management Services Agreement with PEAK6

In August 2016, Spark entered into a purchase agreement with PEAK6 pursuant to which Spark issued and sold to PEAK6 an aggregate of 5,000,000 shares of common stock of Spark at a purchase price of $1.55 per share. Spark also issued the Spark Warrant to PEAK6 to purchase up to 7,500,000 shares of common stock of Spark at an exercise price of $1.74 per share pursuant to the terms of a warrant agreement. Upon consummation of the merger between Affinitas and Spark, all of the shares subject to the Spark Warrant vested immediately prior to the closing of the merger, and the Spark Warrant expired upon the closing of the merger.

In connection with the execution of the PEAK6 purchase agreement, Spark entered into a management services agreement dated as of August 9, 2016 with PEAK6 (the “Management Services Agreement”), pursuant to which PEAK6 provides certain marketing, technology, strategy, development and other services to Spark over a five-year term, for a cash fee of $1.5 million per year (the “Management Fee”), which was paid on a quarterly basis in an amount of $375,000 per quarter. On November 2, 2017, in connection with the consummation of the merger between Affinitas and Spark, Spark and PEAK6 mutually agreed to terminate the Management Services Agreement effective December 31, 2017. As consideration for the termination, Spark paid PEAK6 an amount equal to $2.4 million (€2.0 million) in January 2018 in full satisfaction of any obligation or liability of Spark to PEAK6 for payments due to PEAK6 under the termination agreement.

Consulting Agreement with PEAK6

In March 2018, Spark Networks entered into a consulting agreement dated as of March 9, 2018 with PEAK6 (the “Consulting Agreement”), pursuant to which PEAK6 provides certain technology and infrastructure advice and information gathering services and other services to Spark Networks. The Consulting Agreement can be terminated by either party upon 30 days’ notice. Under the Consulting Agreement, PEAK6 is not entitled to any fees or other amounts.

Managing director compensation

During the years ended December 31, 2015, 2016 and 2017, managing director compensation was comprised of the following:

in € thousands	2015		2016		2017
Short-term benefits		147		481		693
Other employment benefits		-		25		-
Post-employment benefits		24		-		-
Share-based payments		599		884		1,522
Total compensation		770		1,390		2,215

During the year ended December 31, 2016, one of Spark Networks’ executives transferred to Spark Networks €25 thousand. Such amount was fully repaid by Spark Networks to the executive within days. No interest was accrued and the transaction did not have any effect on the statement of comprehensive income/loss. There was no balance outstanding as of December 31, 2016 and 2017.

8.2 Contingent Liabilities

Virtual employee share option plan

For the description of the virtual employee share option plan refer to Note 4.11.

Pending legal proceedings

Stephanie J. Benabu vs. Videotron Ltee and Affinitas GmbH, et al.

On August 1, 2016, Affinitas was served with a copy of an application to bring a class action lawsuit and to appoint the status of representative plaintiff filed with the Superior Court of the District of Montreal. The potential suit relates to the practice of automatically renewing the services provided to Canadian users of Affinitas’s products at standard pricing after a discounted trial period without active consent by the consumer. Affinitas ceased engaging in these practices and is currently in settlement negotiations with the plaintiffs. The settlement currently contemplated would not have a material adverse effect on the business, results of operations or financial condition of Affinitas.

City of Santa Monica, California – City Attorney General Investigation

On May 16, 2016, representatives from Spark met with representatives from a cross-jurisdictional working group consisting of consumer fraud attorneys from the City of Santa Monica and offices of the District Attorney from the counties of Los Angeles, Santa Cruz, Santa Clara and San Diego (“Cross Jurisdictional Group”). This meeting was held at the request of the Cross Jurisdictional Group, as a “pre-filing” meeting to explain and potentially resolve issues over auto-renewal disclosures by the Spark websites. The Cross Jurisdictional Group alleges that the Spark websites violate California law on disclosure of auto-renewal terms and ability to cancel auto-renewal. They also claim that the Spark websites violate California dating contract statues, which (where applicable) require a three day right to cancel. The Cross Jurisdictional Group sent a voluntary document request to the company on June 2, 2016. The company cooperated with the Cross Jurisdictional Group and provided information in response to the voluntary request. The Cross Jurisdictional Group has indicated that it would like the company to change its disclosures in certain respects, and that it intends to seek the payment of a penalty in an unspecified amount. In response to these disclosure requests, the company has made changes. On December 1, 2017, the company received a settlement communication from the City of Santa Monica and offices of the District Attorney, proposing settlement terms including payment of civil penalties, restitution to consumers, investigative costs and legal fees in maximum amount of $1.6 million (€1.3 million). The proposal has been accepted by Spark. The Group recognized a provision of $1.1 million (€0.9 million) during the year ended December 31, 2017, to provide for the settlement values for penalties, costs, legal fees and estimated restitution. Management expects to fully conclude this matter in 2018.

Upmarket vs. Spark Networks (Israel) Ltd.

On August 6, 2017, UpMarket Projects Ltd ("UpMarket") filed a civil action ("Complaint") for breach of contract and unjust enrichment against Spark Networks USA, LLC ("Spark USA") and against Spark Networks (Israel) LTD. ("Spark Israel") in Tel-Aviv District court. In the statement of claim, UpMarket alleges that Spark USA materially breached a commercial contract between the parties by terminating such contract in contravention to its terms. The parties executed a settlement agreement in January 2018, and Spark has recorded a provision of NIS 1.1 million (€0.3 million) for the probable cost of resolving this matter as of December 31, 2017. Spark settled this matter in early 2018.

Trademarks are an important element in running online dating websites. Given the large number of markets and brands, Spark Networks is dealing with oppositions to its trademark from time to time. As of December 31, 2017, there are two relevant procedures, which affect trademarks in France and Benelux. The procedures are expected to continue for more than 12 months. Outcome is unforeseeable as of the reporting date.

We have additional existing legal claims and may encounter future legal claims in the normal course of business. In our opinion, the resolutions of the existing legal claims are not expected to have a material impact on our financial position or results of operations.

We intend to defend vigorously against each of the above lawsuits. At this time, management does not believe the above matters, either individually or in the aggregate, will have a material adverse effect on the Group’s results of operations or financial condition and believes the recorded legal provisions as of December 31, 2017 are adequate in light of the probable and estimable liabilities. However, no assurance can be given that these matters will be resolved in our favor.

8.3 Operating leases and other off-balance sheet contractual obligations

As of the reporting date, future minimum lease payments under non-cancellable operating lease agreements and future payments for contractual obligations are as follows:

	December 31,
in € thousands	2016		2017
Less than one year		389		1,220
Between one and five years		814		1,371
More than five years		-		-
Total		1,203		2,591

Operating lease agreements and other contractual obligations relate to the Group’s principal administrative office space and related premises in Berlin, Germany, as well as payments for office space within the United States, and the lease of certain office equipment. Amounts also reflect other non-cancelable commitments and obligations consisting of contracts with software licensing and marketing service providers. The Group does not have significant renewal or purchase options.

8.4 Events after the reporting date

Termination of Loan Agreement relating to Affinitas GmbH and plans to enter into New Debt Financing.

On March 15, 2018, Spark Networks Services GmbH (f/k/a Affinitas GmbH), a limited liability company incorporated under the laws of Germany (“Affinitas”), and wholly-owned subsidiary of Spark Networks SE, entered into a termination agreement (the “Termination Agreement”) to its Loan Agreement dated as of September 2016 (the “Loan Agreement”), by and among Affinitas and certain persons and entities, including certain of its stockholders and officers, named as lenders thereunder (the “Lenders”), pursuant to which the Lenders had granted Affinitas certain loans with an interest rate of 8% per annum maturing on June 30, 2018 (the “Type A Loans”) and certain loans with an interest rate of 9% per annum maturing on March 31, 2019 (the “Type B Loans”) in an aggregate principal amount of €5.85 million (€1.85 million of which is under the Type A Loans and €4.0 million of which is under the Type B Loans). Pursuant to the terms of the Termination Agreement, in exchange for the early termination of the loans under the Loan Agreement effective as of March 15, 2018 and the repayment in full of the then outstanding principal amount of the loans under the Loan Agreement of €5.85 million, the parties agreed to an early termination fee of €0.3 million, consisting of a 2% fee on the repaid principal amount of the Type A loans and a 6.75% fee on the repaid principal amount of the Type B loans. In addition, the parties agreed that interest on the loans of approximately €40 thousand under the Loan Agreement was paid in full for the month of March 2018. All payments under the Termination Agreement were made on or before March 31, 2018.

Entry into €25,000 thousand Senior Facilities Agreement.

On March 28, 2018, Spark Networks and Silicon Valley Bank entered into a four-year €25,000 thousand Senior Facilities Agreement.

The Senior Facilities Agreement provides for a multicurrency term loan facility in an aggregate amount equal to €15,000 thousand (the “Term Loan Facility”) and a multicurrency revolving credit facility in an aggregate amount equal to €10,000 thousand (the “Revolving Credit Facility” and, together with the Term Loan Facility, the “Facilities”). In addition, subject to the terms and conditions of the Senior Facilities Agreement, including compliance with certain financial ratios, Spark Networks may incur additional incremental facilities in an aggregate amount of up to €35,000 thousand.

Borrowings under the Facilities bear interest at a rate equal to LIBOR for deposits in the applicable currency plus an applicable margin ranging from 2.5% to 3.0% to be determined based on the net leverage ratio for the most recently completed 12 month period ending on the last day of the fiscal year or quarterly period as applicable. The applicable margin in effect for borrowings under the Term Loan Facility as of March 30, 2018 is 2.5%.

In addition to paying interest on outstanding principal under the Facilities, Spark Networks is required to pay a commitment fee to the lenders under the Revolving Credit Facility in respect of the unutilized commitments thereunder. The commitment fee rate is 0.60% per annum.

The Term Loan Facility amortizes in equal quarterly installments of €938 thousand commencing on June 29, 2018, while principal amounts outstanding under the Revolving Credit Facility are due and payable in full at maturity.

XML

Significant accounting policies (Policies)

12 Months Ended

Dec. 31, 2017

Summary Of Significant Accounting Policies [Abstract]

Basis of Accounting

Basis of Accounting

These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). They were authorized for issuance by the Group’s management board on April 24, 2018.

Functional and presentation currency

Functional and presentation currency

These consolidated financial statements are presented in euro, which is the Group’s presentation currency. All amounts have been rounded to the nearest thousand, unless otherwise indicated. The financial statements of the Group’s foreign subsidiaries are prepared using the local currency as the subsidiary’s functional currency. The Group translates the assets and liabilities into euro using period-end rates of exchange, and revenue and expenses using average rates of exchange for the year. The resulting translation gain or loss is included in accumulated other comprehensive loss and is excluded from net loss.

Use of judgments and estimates

Use of judgments and estimates

In preparing these consolidated financial statements, management has made judgments, estimates and assumptions that affect the application of the Group’s accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognized prospectively.

Assumptions and estimation uncertainties

Information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment in the year ending December 31, 2017 is included in the following notes:

· recognition and measurement of provisions and contingencies: key assumptions about the likelihood and magnitude of an outflow of resources;

· impairment test: key assumptions underlying recoverable amounts;

· classification and measurement of virtual employee share option plan: key assumptions underlying the classification of the virtual employee share-option plans as equity-settled, the Black-Scholes option valuation model to calculate the fair value of granted share-based awards;

· recognition and measurement of internally generated software: key assumptions about the future economic benefits expected from those intangible assets;

· recognition of deferred tax assets: availability of future taxable profit against which tax losses carried forward can be used;

· acquisition of subsidiaries: fair value of the consideration transferred (including contingent consideration) and fair value of the assets acquired and liabilities assumed in accordance with IFRS 3 Business Combinations (“IFRS 3”); and

· the amount of revenue is based on estimates about future refunds and chargebacks. Revenue is realized to the extent that it is probable that the future economic benefits flow to the Group.

Measurement of fair values

A number of the Group’s accounting policies and disclosures require the measurement of fair values, for both financial and non-financial assets and liabilities.

The Group regularly reviews significant inputs and valuation adjustments.

If third-party information, such as broker quotes or pricing services, is used to measure fair values, then the Group assesses the evidence obtained from the third parties to support the conclusion that these valuations meet the requirements of IFRS, including the level in the fair value hierarchy in which the valuations should be classified.

When measuring the fair value of an asset or a liability, the Group uses observable market data as far as possible. Fair values are categorized into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows:

· Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.

· Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).

· Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).

If the inputs used to measure the fair value of an asset or a liability fall into different levels of the fair value hierarchy, then the fair value measurement is categorized in its entirety at the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement.

The Group recognizes transfers between levels of the fair value hierarchy at the end of the reporting period during which the change has occurred.

Further information about the assumptions made in measuring fair values is included in the following notes:

· share-based payment arrangements;

· financial instruments; and

· assets acquired and liabilities assumed in a business combination (acquisition of subsidiary)

Basis of measurement

Basis of measurement

The consolidated financial statements have been prepared on the historical cost basis except for the contingent consideration assumed in a business combination, which is measured at fair value on each reporting date.

New standards, interpretations and amendments to standards and interpretations

1.6 New standards, interpretations and amendments to standards and interpretations

A number of new standards and amendments to standards are effective for annual periods beginning after January 1, 2018, and earlier application is permitted; however, the Group has not early adopted the following new or amended standards in preparing these consolidated financial statements.

Standard/Interpretation
IFRS 15	Revenue from contracts with customers
IFRS 16	Leases
IFRS 9	Financial instruments
IFRS 17	Insurance contracts
Amendments to IFRS 15	Amendments to 'Revenue from contracts with customers'
Amendments to IFRS 9	Amendments to 'Financial instruments'
Amendments to IFRS 2	Clarify share-based payment transactions
Amendments to IFRS 4	Amendments regarding implementation of IFRS 9
Amendments to IAS 28	Amendments to IAS 28 regarding long-term interests in associates and joint ventures
Amendments to IAS 40	Amendments regarding transfers of investment property
IFRIC 22	Foreign currency transactions and advance consideration
IFRIC 23	Uncertainty over Income Tax Treatments
Annual Improvements	Annual improvements to IFRS standards 2015-2017 cycle

None of these standards, amendments to standards, or new interpretations are expected to have a significant effect on the consolidated financial statements of the Group (except those discussed below).

The following standards are effective for periods starting on or after January 1, 2018:

IFRS 15 Revenue from Contracts with Customers

IFRS 15 establishes a comprehensive framework for determining whether, how much, and when revenue is recognized. It replaces existing revenue recognition guidance, including IAS 18 Revenue, IAS 11 Construction Contracts and IFRIC 13 Customer Loyalty Programs. IFRS 15 is effective for annual periods beginning on or after January 1, 2018, with early adoption permitted. The Group adopted IFRS 15 on January 1, 2018.

The new revenue standard will have an effect on the financial statements of many companies, especially those with multiple element arrangements. The total expected compensation from a contract with multiple performance obligations would be allocated to all performance obligations based on their stand-alone selling prices. As predominantly all of the Group’s performance obligations in its revenue arrangements include access to the Group’s services provided over a contractual period, consistent with current guidance, management does not expect the adoption of IFRS 15 to have a material impact on the amount and timing of revenue recognition in the consolidated financial statements.

The new standard also introduces the net contract position defined as the difference between services provided and payment received to be presented on the balance sheet. The Group commonly collects prepayments for future services. Those prepayments are currently deferred and presented in deferred income. Furthermore, the Group records provisions for estimated refunds. In the future, those amounts will be shown as contract liabilities. At January 1, 2018, the provision for refunds within the financial statement caption Other current provisions of €120 thousand will be reclassified to refund liability within the financial statement caption Other financial current liabilities. Current deferred income of €20,354 thousand will be reclassified to the new financial statement caption Current contract liability. The non-current portion of deferred income of €23 thousand will be reclassified to the new financial statement caption Non-current contract liability.

The standard also requires more extensive disclosures about the nature, amount, timing, and uncertainty relating to revenue and contract balances. Management expects expanded notes disclosures from the application of IFRS 15 in future periods.

IFRS 9 Financial Instruments

In July 2014, the International Accounting Standards Board issued the final version of IFRS 9 Financial Instruments.

IFRS 9 is effective for annual periods beginning on or after January 1, 2018, with early adoption permitted. The Group adopted IFRS 9 on January 1, 2018. Management has reviewed its financial assets and liabilities and expects the following impacts:

Classification – Financial assets

IFRS 9 contains a new classification and measurement approach for financial assets that reflects the business model in which assets are managed and their cash flow characteristics.

IFRS 9 contains three principal classification categories for financial assets: measured at amortized cost, fair value through other comprehensive income (FVOCI) and fair value through profit or loss (FVTPL). The standard eliminates the existing IAS 39 categories of held to maturity, loans and receivables and available for sale.

Under IFRS 9, derivatives embedded in contracts where the host is a financial asset in the scope of the standard are never bifurcated. Instead, the hybrid financial instrument as a whole is assessed for classification.

Based on its assessment, the Group does not believe that the new classification requirements, if applied at December 31, 2017, would have had a material impact on its accounting for trade receivables and other financial assets that are managed on a fair value basis.

Impairment – Financial assets and contract assets

IFRS 9 replaces the “incurred loss” model in IAS 39 with a forward-looking expected credit loss (“ECL”) model. This will require considerable judgment as to how changes in economic factors affect ECLs, which will be determined on a probability-weighted basis.

The new impairment model will apply to financial assets measured at amortized cost or FVOCI, except for investments in equity instruments, and to contract assets.

Under IFRS 9, loss allowances will be measured on either of the following bases:

· 12-month ECLs. These are ECLs that result from possible default events within the 12 months after the reporting date; and

· lifetime ECLs. These are ECLs that result from all possible default events over the expected life of a financial instrument.

Lifetime ECL measurement applies if the credit risk of a financial asset at the reporting date has increased significantly since initial recognition and 12-month ECL measurement applies if it has not. An entity may determine that a financial asset’s credit risk has not increased significantly if the asset has low credit risk at the reporting date. However, lifetime ECL measurement always applies for trade receivables and contract assets without a significant financing component; an entity may choose to apply this policy also for trade receivables and contract assets with a significant financing component.

The Group believes that despite the change from an incurred loss to expected credit loss model, impairment allowances for trade receivables and other financial assets will not be materially different from what they would be if the Group continued its current accounting policies.

Classification – Financial liabilities

IFRS 9 largely retains the existing requirements in IAS 39 for the classification of financial liabilities.

However, under IAS 39 all fair value changes of liabilities designated as at FVTPL are recognized in profit or loss, whereas under IFRS 9 these fair value changes are generally presented as follows:

· the amount of change in the fair value that is attributable to changes in the credit risk of the liability is presented in OCI; and

· the remaining amount of change in the fair value is presented in profit or loss.

The Group has not designated any financial liabilities at FVTPL and the Group has no current intention to do so. The Group’s preliminary assessment did not indicate any material impact if IFRS 9’s requirements regarding the classification of financial liabilities were applied at December 31, 2017.

Disclosures

IFRS 9 will require extensive new disclosures, in particular about hedge accounting, credit risk and expected credit losses. The Group’s preliminary assessment included an analysis to identify data gaps against current processes and the Group plans to implement the system and controls changes that it believes will be necessary to capture the required data. The assessment is ongoing.

IFRS 16 Leases

IFRS 16 introduces a single, on-balance sheet lease accounting model for lessees. A lessee recognizes a right-of-use asset representing its right to use the underlying asset and a lease liability representing its obligation to make lease payments. There are optional exemptions for short-term leases and leases of low value items. Lessor accounting remains similar to the current standard – i.e. lessors continue to classify leases as finance or operating leases.

IFRS 16 replaces existing leases guidance including IAS 17 Leases, IFRIC 4 Determining whether an Arrangement contains a Lease, SIC-15 Operating Leases—Incentives and SIC-27 Evaluating the Substance of Transactions Involving the Legal Form of a Lease.

The standard is effective for annual periods beginning on or after January 1, 2019. Early adoption is permitted for entities that apply IFRS 15 Revenue from Contracts with Customers at or before the date of initial application of IFRS 16.

Management has assessed the impact of the guidance and expects an immaterial negative impact on its operating results and an increase in its assets and liabilities in the Consolidated Balance Sheet of approximately €1,000 thousand.

Revenue Recognition and Deferred Revenue

3.1 Revenue Recognition and Deferred Revenue

The Group derives substantially all of its revenue from subscription fees. Revenue is presented net of credits and refunds. Credit card chargebacks are included in general and administrative expenses. The Group recognizes revenue in accordance with IAS 18. Revenue recognition occurs ratably over the subscription period, beginning when the amount of revenue can be measured reliably, and it is probable that the economic benefits associated with the transaction will flow to the entity. The Group commences to recognize revenue when access has been granted and the criteria above are fulfilled. Subscribers pay in advance subject to certain conditions identified in the Group’s terms and conditions. Fees collected in advance for subscriptions are deferred and recognized as revenue using the straight-line method over the term of the subscription.

For revenue earned through certain mobile applications, including iOS and Android, the Group recognizes subscription revenues gross of the application processing fees primarily because the Group is the primary obligor and it has the contractual right to determine the price paid by the subscriber. The Group records the related application processing fees as cost of revenue in the period incurred.

The Group also earns a small amount of revenue from advertising sales. The Group records advertising revenue as it is earned and it is included in the total revenue of each segment that generates advertising sales.

Cost of Revenue

Cost of Revenue

Cost of revenue consists primarily of direct marketing costs, compensation and other employee-related costs for personnel dedicated to maintaining Spark Networks’ data centers, data center expenses, credit card fees and mobile application processing fees. The Group incurs substantial advertising expenses in order to generate traffic to our websites. These advertising costs consist of offline marketing, particularly television and out-of-home advertising, as well as online advertising and are directly attributable to the revenue the Group receives from its subscribers.

Employee benefits

Employee benefits

Short-term employee benefits are expensed as the related service is provided. A liability is recognized for the amount expected to be paid if the Group has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee and the obligation can be estimated reliably.

Share-based payment arrangements

Share-based compensation expense reflected in our consolidated financial statements consists of expense related to equity-based compensation plans that were independently established by Affinitas in 2013 and Spark in 2007 before the Affinitas / Spark Merger, in addition to an equity compensation plan established by Spark Networks in November 2017 following the close of the Affinitas / Spark Merger. Share-based compensation expense incurred in periods prior to the close of the Affinitas / Spark Merger resulted solely from share-based compensation granted by Affinitas.

Under the Affinitas virtual employee share option plan (“Affinitas VESOP”), Spark Networks has a choice of settlement whereby the cash amount or equal value in shares to be received by the beneficiaries for a single vested option shall equal the price or proceeds per common share in case of a change in control event (“Share Sale”) or an Initial Public Offering (“IPO”) of Affinitas’s shares minus the exercise price. In connection with the merger, shareholders of Affinitas elected to settle all the options outstanding at the merger date at a fixed valuation of €3,839 thousand, which was equivalent to a total equity value of €90 million for Affinitas. This equity value of Affinitas was determined based on the Spark share price and the exchange ratio that Affinitas and Spark agreed on in relation to the merger.

Our policy is to avoid cash payments to participants if possible, which means that settlement of the outstanding options is expected to be made in shares. Based on this stated policy, the arrangement is classified as equity-settled unless settlement in cash is most probable.

In connection with the Affinitas / Spark Merger, Spark established the Chardonnay Trust, with the purpose of holding such number of shares of Spark Networks SE ADSs as shall be necessary to satisfy the obligations under all unexercised Spark stock options awarded under the Spark 2007 Omnibus Incentive Plan (“Spark 2007 Plan”). Following the completion of the Affinitas / Spark Merger, Spark no longer has any rights to revoke or amend the Chardonnay Trust  in a manner that is detrimental to Spark 2007 Plan participants.

Each Spark stock option was converted into an award to acquire ADSs from the Chardonnay Trust, on the same terms and conditions as were applicable under the Spark stock option, and subject to adjustment based on the exchange ratio stipulated in the merger agreement. The shares underlying the ADSs held in the Chardonnay Trust are recognized as treasury stock within the Consolidated Statement of Shareholder’s Equity.

Only nonqualified stock options are outstanding as of the merger date. These equity-settled options are exercisable after vesting.

Under the Spark Networks virtual stock option plan established in 2017 (“Spark Networks 2017 VSOP”) Spark Networks has a choice of settlement whereby the cash amount or equal value in shares to be received by the beneficiaries for a single vested option shall equal the market price per Spark Networks ADS minus the exercise price. Our policy is to avoid cash payments to participants if possible, which means that settlement of the outstanding options is expected to be made in Spark Networks ADSs. Based on this stated policy, the arrangement is classified as equity-settled unless settlement in cash is most probable.

The grant-date fair value of equity-settled share-based payment arrangements granted to employees is generally recognized as an expense, with a corresponding increase in shareholder’s equity, over the vesting period of the awards. The amount recognized as an expense is adjusted to reflect the number of awards for which the related service and non-market performance conditions are expected to be met, such that the amount ultimately recognized is based on the number of awards that meet the related service and non-market performance conditions at the vesting date. For share-based payment awards with non-vesting conditions, the grant-date fair value of the share-based payment is measured to reflect such conditions and there is no true-up for differences between expected and actual outcomes. Depending on the grant, Spark Networks recognizes compensation expense on a straight-line basis from the beginning of the service period, even when the grant date is subsequent to the service commencement date. During the period between service commencement date and grant date, the share-based payment expense recognized is based on an estimated grant date fair value of the award. Once the grant date has been established for equity-settled awards, the estimated fair value is revised so that the expense recognized is based on the actual grant date fair value of the equity instruments granted. For specific grants, Spark Networks recognizes compensation expense over the period in which services are received, which is determined per participant based on the graded vesting schedule. For awards with graded-vesting features, each installment of the award is treated as a separate grant. This means that each installment is separately expensed over the related vesting period.

Spark Networks estimates the fair value of each stock option grant using the Black-Scholes or Monte Carlo simulation option-pricing model, which uses as inputs the fair value per Spark Networks share and assumptions Spark Networks makes with respect to the volatility of Spark Networks shares, the expected terms of Spark Networks’ stock options, the risk-free interest rates for a period that approximates the expected term of the stock option and the expected dividend yield.

Defined contribution plans

Obligations for contributions to defined contribution plans are expensed as the related service is provided. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in future payments is available.

Defined benefit plans

Defined benefit pension plans consisted of unfunded plans, where benefits are paid directly by the Group and the related obligation is covered by a provision corresponding to the present value of future benefit payments. The provision was related to employees of Samadhi and was released in the fourth quarter of 2016.

Lease payments

Lease payments

Payments made under operating lease agreements are recognized in profit or loss on a straight-line basis over the term of the lease.

Finance income and finance costs

Finance income and finance costs

The Group’s finance income and finance costs include interest income and expense, translation gains and losses, as well as any change in the fair value of contingent consideration classified as financial liability. Interest income or expense is recognized using the effective interest method.

Income tax

Income tax

Income tax expense comprises current and deferred tax. It is recognized in profit or loss except to the extent that it relates to a business combination, or items recognized directly in equity or in other comprehensive loss/income.

Current tax

Current tax is based on the taxable income or loss for the year and any adjustment to the tax payable or receivable in respect of previous years. The amount of current tax is the best estimate of the tax amount expected to be paid or received that reflects uncertainty related to income taxes, if any. It is measured using tax rates enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognized for:

· temporary differences on the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss;

· temporary differences related to investments in subsidiaries, associates and joint arrangements to the extent that the Group is able to control the timing of the reversal of the temporary differences and it is probable that they will not reverse in the foreseeable future; and

· taxable temporary differences arising on the initial recognition of goodwill.

Deferred tax assets are recognized for unused tax losses, unused tax credits and deductible temporary differences to the extent that it is probable that future taxable profits will be available against which they can be used. Future taxable profits are determined based on business plans for individual subsidiaries in the Group and the reversal of temporary differences. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized; such reductions are reversed when the probability of future taxable profits improves.

Unrecognized deferred tax assets are reassessed at each reporting date and recognized to the extent that it has become probable that future taxable profits will be available against which they can be used. Deferred tax is measured at the tax rates that are expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The measurement of deferred tax reflects the tax consequences that would follow from the manner in which the Group expects, at the reporting date, to recover or settle the carrying amount of its assets and liabilities. Deferred tax assets and liabilities are offset only if certain criteria are met.

Accordingly, deferred income tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax basis. In assessing the potential realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which the Group’s tax loss carryforwards remain deductible.

Prepaid Advertising Expenses

Prepaid Advertising Expenses

The Group regularly pays in advance for online and offline advertising, and expenses the prepaid amounts as cost of revenue over the contract periods as the vendor delivers on its commitment. The Group evaluates the realization of prepaid amounts at each reporting period and expenses prepaid amounts if the applicable vendor is unable to deliver on its commitment and is not willing or able to repay the undelivered prepaid amounts. Prepaid expenses are shown as non-financial assets.

Business Combinations

Business Combinations

From time to time, the Group acquires the stock or specific assets of companies in transactions that may be considered to be business acquisitions under IFRS 3 Business Combinations. Under the acquisition method of accounting, the Group allocates the fair value of purchase consideration to the tangible assets acquired, liabilities assumed, and intangible assets acquired based on their estimated fair values. The excess of the purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. Such valuations require the Group’s management to make significant estimates and assumptions, especially with respect to estimating the fair value and expected useful life assigned to each class of assets and liabilities acquired. Different classes of assets will have varying useful lives. For example, the useful life of a member database, which was two years in the acquisition of Samadhi, is not the same as the useful life of a paying subscriber list, which is typically two to six months, or a domain name, which is was 20 years for Samadhi. Consequently, to the extent a longer-lived asset is ascribed greater value under the purchase method than a shorter-lived asset, there may be less amortization recorded in a given period or no amortization for indefinite lived intangibles.

The Group’s management’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. During the measurement period, which can be up to one year from the acquisition date, the Group may record adjustments to the assets acquired and liabilities assumed, with the corresponding offset to goodwill. Upon the conclusion of the measurement period, any subsequent adjustments are recorded in net financial result in the consolidated statement of comprehensive income/loss.

Discontinued operation

Discontinued operation

A discontinued operation is a component of the Group’s business, the operations and cash flows of which can be clearly distinguished from the rest of the Group and which:

· represents a separate major line of business or geographic area of operations;

· is part of a single coordinated plan to dispose of a separate major line of business or geographic area of operations; or

· is a subsidiary acquired exclusively with a view to re-sale.

Classification as a discontinued operation occurs at the earlier of disposal or when the operation meets the criteria to be classified as held for sale. When an operation is classified as a discontinued operation, all attributable income and expenses as well as related income taxes are presented as “loss from discontinued operations” in the statement of comprehensive loss/income as if the operation had been discontinued from the start of the comparative year. The elimination of intra-group transactions is presented following the general consolidation method by eliminating income at the servicing entity and the related expenses at the receiving entity.

Intangible assets and goodwill

Intangible assets and goodwill

Recognition and measurement of goodwill and intangible assets with indefinite life

Goodwill arising from the acquisition of subsidiaries is measured at cost less accumulated impairment losses.

The Group’s goodwill represents the excess of the purchase price over the fair value of the net assets acquired resulting from business acquisitions. Intangible assets resulting from the acquisitions of entities in a business combination are recorded using the acquisition method of accounting and estimated by management based on the fair value of assets received.

Management reviews the potential impairment of goodwill and indefinite lived intangible assets at least annually, or more frequently if events or changes in circumstances indicate that the carrying value of goodwill may not be recoverable.

Recognition and measurement of intangible assets with finite life

Intangible assets with finite useful lives are amortized using the straight-line method over their estimated useful lives. In addition to the recoverability assessment, management routinely reviews the remaining estimated useful lives of its amortizable intangible assets. If the Group reduces its estimate of the useful life assumption for any asset, the remaining unamortized balance would be amortized over the revised estimated useful life.

Development expenditure is capitalized only if the expenditure can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable and the Group intends to and has sufficient resources to complete development and to use or sell the asset. Otherwise, it is recognized in profit or loss as incurred. Costs incurred in the planning and post-implementation stages of a project are expensed as incurred while direct and indirect costs associated with the development phase are capitalized and amortized on a straight-line basis over the estimated useful lives. Costs associated with minor enhancements and maintenance are included in expenses in the accompanying Consolidated Statements of Operations and Comprehensive Loss/Income. Subsequent to initial recognition, development expenditure is measured at cost less accumulated amortization and any accumulated impairment losses.

The estimated useful lives of intangible assets for current and comparative periods are as follows:

· Internally generated software: 3 - 6 years

· Licenses and domains: 2 - 5 years

· Brands and trademarks: 10 - 20 years, indefinite

· Other intangible assets: 1 - 5 years

Impairment of non-financial assets

Management assesses the potential impairment of assets, which include intangible assets, whenever changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Events and circumstances that may indicate that an asset is impaired may include significant decreases in the market value of an asset or the Group’s common stock, a significant decline in actual or projected revenue, a change in the extent or manner in which an asset is used, shifts in technology, loss of key management or personnel, changes in the Group’s operating model or strategy and competitive forces, as well as other factors. In addition, goodwill is tested annually for impairment.

For impairment testing, assets are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or cash-generating units (“CGU”). Goodwill arising from a business combination is allocated to CGUs or groups of CGUs that are expected to benefit from the synergies of the combination. The Group determined an operating segment to be the CGU for impairment testing purposes.

If events and circumstances indicate that the carrying amount of an asset may not be recoverable and the expected discounted future cash flows attributable to the asset or CGU are less than the carrying amount of the asset, an impairment loss equal to the excess of the asset’s carrying value over its estimated recoverable amount is recorded. The recoverable amount is determined based on the present value of estimated expected future cash flows using a discount rate commensurate with the risk involved, and quoted market prices or appraised values, depending on the nature of the assets. Fair value measurements utilized for assets under nonrecurring measurements were measured with Level 3 unobservable inputs.

Subsequent expenditure

Subsequent expenditure is capitalized only when it increases the future economic benefits embodied in the specific asset to which it relates. All other expenditure, including expenditure on internally generated goodwill and brands, is recognized in profit or loss as incurred.

Property, plant and equipment

Property, plant and equipment

Recognition and measurement

Items of property, plant and equipment are measured at cost, which includes capitalized borrowing costs, less accumulated depreciation and any accumulated impairment losses. If significant parts of an item of property, plant and equipment have different useful lives, then they are accounted for as separate items (major components) of property, plant and equipment.

Any gain or loss on disposal of an item of property, plant and equipment is recognized in profit or loss.

Depreciation

Property and equipment is stated at cost, net of accumulated depreciation, which is provided using the straight-line method over the estimated useful life of the asset.

The estimated useful lives of property, plant, and equipment for current and comparative periods are as follows:

· Leasehold improvements: the shorter of the lease term or 5 years

· Other and office equipment: 3 - 5 years

Upon the sale or retirement of property or equipment, the cost and related accumulated depreciation and amortization are removed from the Group’s Consolidated Balance Sheet with the resulting gain or loss, if any, reflected in the Group’s consolidated statement of comprehensive income.

Depreciation methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate.

Financial instruments

Financial instruments

The Group classifies non-derivative financial assets into the category loans and receivables.

The Group classifies non-derivative financial liabilities into the following categories: financial liabilities at fair value through profit or loss designated upon initial recognition and other financial liabilities.

Non-derivative financial assets and financial liabilities – Recognition and derecognition

The Group initially recognizes loans and receivables and debt securities issued on the date when they are originated. All other financial assets and financial liabilities are initially recognized on the trade date when the entity becomes a party to the contractual provisions of the instrument.

The Group derecognizes a financial asset when the contractual rights to the cash flows from the asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred, or it neither transfers nor retains substantially all of the risks and rewards of ownership and does not retain control over the transferred asset. Any interest in such derecognized financial assets that is created or retained by the Group is recognized as a separate asset or liability.

The Group derecognizes a financial liability when its contractual obligations are discharged or cancelled, or expire.

Financial assets and financial liabilities are offset and the net amount presented in the balance sheet when, and only when, the Group currently has a legally enforceable right to offset the amounts and intends either to settle them on a net basis or to realize the asset and settle the liability simultaneously.

The Group’s credit card processors regularly withhold deposits and maintain balances, which are presented as other financial assets.

Non-derivative financial assets - Loans and receivables – Measurement

Assets classified as loans and receivables are initially measured at fair value plus any directly attributable transaction costs. Subsequent to initial recognition, they are measured at amortized cost using the effective interest method.

Non-derivative financial liabilities – Measurement

Non-derivative financial liabilities are initially measured at fair value less any directly attributable transaction costs. Subsequent to initial recognition, these liabilities are measured at amortized cost using the effective interest method.

Preferred Shares

Preferred Shares

The Group’s preferred shares were classified as financial liabilities, because the Group had the obligation to make contractual payments to shareholders in case of defined liquidity events. The preferred shares were measured at amortized cost. See Note 5.8.

Provisions

Provisions

Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognized as finance cost.

Legal Contingencies

The Group is currently involved in certain legal proceedings, as discussed in Note 8.2. To the extent that a loss related to a contingency is reasonably estimable and probable, the Group accrues an estimate of that loss. Because of the uncertainties related to both the amount and range of loss on certain pending litigation, the Group may be unable to make a reasonable estimate of the liability that could result from an unfavorable outcome of such litigation. As additional information becomes available, the Group will assess the potential liability related to such pending litigation and make, or if necessary, revise its estimates. Such revisions in the Group’s estimates of the potential liability could materially impact its consolidated results of operations and consolidated financial position.

Refunds

A provision for refunds is recognized when the underlying services are sold, based on historical refund data and a weighting of possible outcomes against their associated probabilities.

Restructuring

A provision for restructuring is recognized when the Group has approved a detailed and formal restructuring plan, and the restructuring either has commenced or has been announced publicly. Future operating losses are not provided for.

Earnings per share

Earnings per share

The Group presents earnings per share data for its common shares. Earnings per share is calculated by dividing the net income of the period by the weighted average number of common shares outstanding during the period.

Segment Reporting

Segment Reporting

Segment reporting requires the use of the management approach in determining the reportable operating segments. The management approach considers the internal organization and reporting used by the Group’s chief operating decision maker for making operating decisions and assessing performance. The Group’s internal financial reporting includes separate data for each country, and all countries other than the United States and Canada (together, “North America”) have been aggregated into one reportable segment as the business model and long-term margin expectations are similar. The Group reports two separate reportable segments: (1) North America, which consists of Spark Networks’ operations in the United States and Canada; and (2) International, which consists of all other operations except for the United States and Canada.

The performance of the operating segments is measured on the basis of revenue and direct marketing costs only. Due to the Group’s integrated business structure, costs and expenses other than direct marketing expenses are not allocated to the individual reportable segments. As such, The Group does not measure operating profit or loss by segment for internal reporting purposes.

XML

Basis of consolidation (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure Of Basis Of Consolidation [Abstract]

Schedule of consolidated financial statements of consolidated subsidiaries

Entity	Equity Share as of December 31, 2016			Equity Share  as of December 31, 2017
Spark Networks Services GmbH (previously, Affinitas GmbH)		100	%1		100	%
Samadhi SAS (acquired on September 30, 2016)		100	%		100	%
Spark Networks, Inc. (acquired on November 2, 2017)		-			100	%
Spark Networks Limited (acquired on November 2, 2017)		-			100	%
LOV USA, LLC (acquired on November 2, 2017)		-			100	%
Spark Networks USA, LLC (acquired on November 2, 2017)		-			100	%
Spark Networks (Israel) Limited (acquired on November 2, 2017)		-			100	%
JDate Limited (acquired on November 2, 2017)		-			100	%
HurryDate, LLC (acquired on November 2, 2017)		-			100	%
MingleMatch, Inc. (acquired on November 2, 2017)		-			100	%
Kizmeet, Inc. (acquired on November 2, 2017)		-			100	%
Reseaux Spark Canada Ltd. (acquired on November 2, 2017)		-			100	%
SocialNet, Inc. (acquired on November 2, 2017)		-			100	%
SN Events, Inc. (acquired on November 2, 2017)		-			100	%
SN Holdco, LLC (acquired on November 2, 2017)		-			100	%
Smooch Labs, Inc. (acquired on November 2, 2017)		-			100	%

¹In the previous year’s consolidated financial statements Affinitas GmbH was the parent of the Group. As predecessor of Spark Networks SE, Affinitas’ consolidated financials are carried forward.

Schedule of purchase price of Spark Networks Inc

	Spark Networks, Inc.
	(in thousands)
Spark common stock outstanding as of November 2, 2017		34,701
Multiplied by Adjustment Ratio		0.1
New Spark ADSs to be issued, as converted		3,470
Spark common stock per share price as of November 2, 2017	$	0.99
USD to EUR exchange rate as of November 2, 2017		0.8587
Spark common stock per share price as of November 2, 2017	€	0.85
Divided by Adjustment Ratio		0.1
Per share fair value of Spark common stock as of November 2, 2017	€	8.50
Fair value of New Spark ADSs to be issued pursuant to the Business Combination	€	29,499

Schedule of amounts of assets acquired and liabilities assumed

in thousands	Acquisition date fair values
Goodwill	€	20,453
Intangible assets		6,243
Property, plant and equipment		81
Non-current assets		27
Trade receivables		336
Other current assets		1,424
Cash and cash equivalents		6,606
Total assets		35,170
Current liabilities		(4,071	)
Other liabilities		(41	)
Deferred income		(1,559	)
Net assets acquired	€	29,499

XML

Notes on the consolidated statements of operations (Tables)

12 Months Ended

Dec. 31, 2017

Consolidated Income Statement [Line Items]

Schedule of reconciliations of information on reportable segments to IFRS measures

2015 in € thousands	North America			International			Total
Revenue		5,268			55,174			60,442
Direct marketing expenses		(8,355	)		(34,234	)		(42,589	)
Contribution margin		(3,087	)		20,940			17,853
Cost of revenue
Data center expenses								(626	)
Credit card fees								(1,287	)
Mobile application processing fees								(128	)
Gross profit								15,812
Other income								309
Other operating expenses
Sales and marketing expenses								(3,036	)
Customer service expenses								(2,357	)
Technical operations and development expenses								(3,849	)
General and administrative expenses								(5,951	)
Operating profit								928
Interest income and similar income								30
Interest expense and similar charges								(103	)
Net finance expenses								(73	)
Income/(loss) before taxes								855
Income taxes								(445	)
Profit from continuing operations								410

2016 in € thousands	North America			International			Total
Revenue		16,004			57,487			73,491
Direct Marketing expenses		(15,059	)		(33,311	)		(48,370	)
Contribution margin		945			24,176			25,121
Cost of revenue
Data center expenses								(726	)
Credit card fees								(1,471	)
Mobile application processing fees								(635	)
Gross profit								22,289
Other income								126
Other operating expenses
Sales and marketing expenses								(3,919	)
Customer service expenses								(2,791	)
Technical operations and development expenses								(3,305	)
General and administrative expenses								(9,727	)
Operating profit								2,673
Interest income and similar income								157
Interest expense and similar charges								(425	)
Net finance expenses								(268	)
Income before taxes								2,405
Income taxes								(1,082	)
Profit from continuing operations								1,323

2017 in € thousands	North America			International			Total
Revenue		24,574			61,063			85,637
Direct Marketing expenses		(17,980	)		(35,489	)		(53,469	)
Contribution margin		6,594			25,574			32,168
Cost of revenue
Data center expenses								(1,964	)
Credit card fees								(1,549	)
Mobile application processing fees								(1,794	)
Gross profit								26,861
Other income								54
Other operating expenses
Sales and marketing expenses								(5,540	)
Customer service expenses								(3,971	)
Technical operations and development expenses								(6,428	)
General and administrative expenses								(16,091	)
Operating profit								(5,115	)
Interest income and similar income								239
Interest expense and similar charges								(782	)
Net finance expenses								(543	)
Loss before taxes								(5,658	)
Income tax benefit								84
Loss from continuing operations								(5,574	)

Schedule of geographic information

Revenue in € thousands	2015		2016		2017
USA		1,117		10,176		17,861
France		10,878		12,655		17,859
UK		5,621		7,153		8,803
Germany		6,084		5,326		3,764
Other countries		36,742		38,181		37,350
		60,442		73,491		85,637

Non-current assets in € thousands	2015		2016		2017
USA		-		-		25,814
France		-		3,829		6,459
Germany		537		1,790		4,733
Other countries		-		-		212
		537		10,119		37,218

Schedule of results of discontinued operations

in € thousands	Note	2015			2016			2017
Revenue			2,734			3,667			-
Expenses			(4,067	)		(5,168	)		-
Results from operating activities			(1,333	)		(1,501	)		-
Income tax			374			488			-
Results from operating activities, net of tax			(959	)		(1,013	)		-
Gain on sale of discontinued operation			-			381			-
Profit (loss) from discontinued operations, net of tax			(959	)		(632	)		-
Earnings per share - discontinued operations
Basic loss per share (€)	4.13		(38.36	)		(25.28	)		-
Diluted loss per share (€)	4.13		(38.36	)		(25.28	)		-

Schedule of cash flows from discontinued operations

in € thousands	Note	2015			2016			2017
Net cash from operating activities			(879	)		(635	)		-
Net cash from investing activities			-			18			250
Net cash flows for the year			(879	)		(617	)		250

Schedule of effects of disposal on the consolidated balance sheet of the group

in € thousands	Note		2016
Property, plant and equipment		5.2		(7	)
Trade and other receivables		5.3		(402	)
Cash and cash equivalents		5.7		(232	)
Current trade and other payables		5.11 / 5.12		768
Provisions		5.1		4
Net assets and liabilities				131
Consideration received, satisfied in cash				250
Cash and cash equivalents disposed of				(232	)
Net cash inflows				18

Schedule of cost of revenue

in € thousands	2015		2016		2017
Direct Marketing expenses		42,589		48,370		53,469
Credit card fees		1,287		1,471		1,549
Data center expenses		626		726		1,964
Mobile application processing fees		128		635		1,794
Total cost of revenue		44,630		51,202		58,776

Schedule of other income

in € thousands	2015		2016		2017
Repayments and reimbursements		78		74		-
Other income		231		52		54
Total other income		309		126		54

Schedule of net finance expenses

in € thousands	2015			2016			2017
Currency translation gains		19			157			213
Interest income and similar income		11			-			26
Interest expense for non-current liabilities		-			(129	)		(516	)
Currency translation losses		(103	)		(296	)		(266	)
Total finance expenses		(73	)		(268	)		(543	)

Schedule of employee benefits

in € thousands	2015		2016		2017
Wages and salaries		7,778		8,684		11,367
Social security contribution		1,615		1,763		2,016
Equity-settled share-based payments		600		991		1,166
Termination benefits		16		765		430
Other employee benefits		56		64		447
Total employee benefits expenses		10,065		12,267		15,426

Schedule of employee benefits are allocated to costs and expenses

in € thousands	2015		2016		2017
Cost of sales		175		283		520
Sales and marketing expenses		2,343		2,795		2,921
Customer service expenses		1,747		1,651		2,153
Technical operations and development expenses		3,435		3,531		5,712
General and administrative expenses		2,365		4,007		4,120
Total employee benefits		10,065		12,267		15,426

Schedule of movements in the number of options outstanding and their related weighted average exercise prices

	2017
	Weighted Average  Exercise Price		Number of Options
Outstanding at November 3	$	37.47		236,670
Expired during the year		83.75		(72,900	)
Forfeited during the year		14.50		(500	)
Outstanding at December 31	$	16.88		163,270

Schedule of options outstanding at the end of the period

	2017
Expiry date	Exercise  Price		Number of  Options
March 2018	$	20.87		1,750
July 2018		10.10		24,735
November 2018		10.00		12,000
November 2018		53.70		20,000
November 2018		34.50		5,000
March 2023		30.70		3,750
August 2023		14.50		5,000
September 2023		18.60		250
March 2024		10.00		2,400
March 2024		10.10		88,385
Outstanding at December 31				163,270

Schedule of major components of income taxes are broken down

	Years ending December 31,
in € thousands	2015			2016			2017
Current income tax		(369	)		(752	)		(67	)
Current income tax expenses (-) / income (+)		(374	)		(752	)		(57	)
Adjustments for current income tax from prior periods		5			-			(10	)
Deferred tax		(76	)		(330	)		151
Deferred taxes from the origination and reversal of temporary differences		31			211			(8	)
Deferred taxes on tax losses carryforward		(107	)		(541	)		159
Total		(445	)		(1,082	)		84

Schedule of based on the consolidated income before taxes reconciliation of the effective tax expense

	Years ending December 31,
in € thousands		2015			2016			2017
Income before tax from continuous operations			855			2,405			(5,658	)
Tax rate of the Group in %			30	%		30	%		32	%
Expected tax expense (-) / income (+)			(259	)		(728	)		1,811
Tax effect of:
Differences in applicable tax rate			-			50			(108	)
Recognition of previously unrecognized tax losses			-			-			573
Current-year losses and for which no deferred tax is recognized			-			-			(2,009	)
Share-based payment arrangements			(180	)		(297	)		(139	)
Non-deductible expenses for tax purpose			-			-			(5	)
Taxes from prior years			5			-			(10	)
Trade tax additions and deductions			(4	)		(9	)		(29	)
Sundry items			(7	)		(98	)		-
Effective tax expense			(445	)		(1,082	)		84

Schedule of deferred tax assets and liabilities

	December 31,
in € thousands	2016		2017
Deferred tax assets (DTA)		10,001		9,907
Deferred tax liabilities (DTL)		929		725

Schedule of breakdown of deferred tax assets and liabilities is presented

	2016				2017
in € thousands	DTA		DTL		DTA		DTL
Intangible assets		-		1,962		-		2,150
Property, plant and equipment		-		-		-		-
Financial assets		-		-		-		-
Receivables and other assets		303		-		125		-
Cash		16		-		61		-
Liabilities		-		54		2		-
Provisions		19		-		4		-
Deferred income		115		36		-		-
Other		-		-		-		-
Income tax credits		-		-		295		-
Tax losses carryforward		10,671		-		10,845		-
Total, gross		11,124		2,052		11,332		2,150
Set off of deferred tax		1,123		1,123		1,425		1,425
Total, net		10,001		929		9,907		725

Schedule of profit (loss) attributable to ordinary shareholders (basic)

	Years ending December 31,
in € thousands	2015			2016			2017
Continuing operations		410			1,323			(5,574	)
Discountined operations		(959	)		(632	)		-
Total		(549	)		691			(5,574	)

Affinitas GmbH

Consolidated Income Statement [Line Items]

Schedule of options outstanding at the end of the period have the following expiry dates and exercise prices

	2015				2016				2017
	Weighted  Average  Exercise  Price		Number of  Options		Weighted  Average  Exercise  Price		Number of  Options		Weighted  Average  Exercise  Price		Number of  Options
Outstanding at January 1	€	1		1,170	€	878		3,507	€	1,014		5,454
Granted during the year	€	1,317		2,337	€	1,260		1,947	€	1,091		932
Forfeited during the year						-		-	€	1,091		(28	)
Exercised during the year						-		-	€	1,228		(192	)
Outstanding at December 31	€	878		3,507	€	1,014		5,454	€	1,019		6,166

Schedule of expiry dates and exercise prices

	2015				2016				2017
Expiry date	Exercise  Price		Number of  Options		Exercise  Price		Number of  Options		Exercise  Price		Number of  Options
Not defined (grant in 2013)	€	1		1,170	€	1		1,170	€	1		1,170
September - October 2025	€	917		880	€	917		880	€	917		825
September - October 2025	€	1,376		880	€	1,376		880	€	1,376		825
September - October 2025	€	1,835		577	€	1,835		577	€	1,835		550
January-July 2026					€	917		550	€	917		550
January-July 2026					€	1,091		487	€	1,091		404
May 2026					€	1,376		550	€	1,376		550
May 2026					€	1,835		360	€	1,835		360
January - April 2027					€	-		-	€	1,091		932
Outstanding at December 31				3,507				5,454				6,166

Schedule of fair values and the inputs used in the measurement of the fair values of these equity-settled options

	2015	2016	2017
Share price M&A Scenario (€)	211-729	291-380	551
Share price IPO Scenario (€)	1,570-1,647	1,289-1,381	1,489
Weighted average option exercise price (€)	1,317	1,260	1,091
Volatility	34.3% - 35.1%	35.9% - 37.9%	37.2%
Expected life	2.0-3.3 years	1.0-2.8 years	2.8 - 3.8 years
Dividend yield	0%	0%	0%
Risk-free rate	(0.261%) - (0.184%)	(0.743%) - (0.462%)	(0.653%)
Weighted-average option fair value (€)	445	324	520
Fair value per Option (€)	198-731	271 - 383	481 - 572

Spark Networks Inc

Consolidated Income Statement [Line Items]

Schedule of options outstanding at the end of the period have the following expiry dates and exercise prices

	2017
	Exercise  Price		Number of Options
Outstanding at 1 January	$	-		-
Granted during the year		10.62		908,608
Forfeited during the year		-		-
Outstanding at December 31	$	10.62		908,608

Schedule of expiry dates and exercise prices

	2017
Expiry date	Exercise  Price		Number of  Options
December 2021	$	10.62		908,608
Outstanding at 31 December	$	10.62		908,608

Schedule of fair values and the inputs used in the measurement of the fair values of these equity-settled options

	2017
Share price ($)		10.21
Exercise price ($)		10.62
Option life (months)		48.5
Volatility		55.0	%
Dividend yield		0	%
Risk-free rate		1.98	%
Fair value per Option ($)		3.87
Fair value per Option (€)		3.27

Sales and marketing expenses

Consolidated Income Statement [Line Items]

Schedule of different types of expenses

in € thousands	2015		2016		2017
Personnel		2,343		2,795		2,921
Depreciation and amortization		31		741		1,723
Other		559		260		705
Office expenses		103		123		191
Total sales and marketing expenses		3,036		3,919		5,540

Customer service expenses

Consolidated Income Statement [Line Items]

Schedule of different types of expenses

in € thousands	2015		2016		2017
Personnel		1,747		1,651		2,153
Third-party services		450		965		1,589
Office expenses		107		109		146
Depreciation and amortization		35		53		62
Other		18		13		21
Total customer service expenses		2,357		2,791		3,971

Technical operations and development expenses

Consolidated Income Statement [Line Items]

Schedule of different types of expenses

in € thousands	2015		2016			2017
Personnel		3,436		3,531			5,712
Depreciation and amortization		35		445			1,259
Data processing costs		270		353			1,364
Office expenses		105		114			166
Other		3		48			63
Capitalized development costs		-		(1,186	)		(2,136	)
Total technical operations and development expenses		3,849		3,305			6,428

General and administrative expenses

Consolidated Income Statement [Line Items]

Schedule of different types of expenses

in € thousands	2015		2016		2017
Provisions for bad debts, write-offs, and uncollectible amounts		2,206		4,073		4,102
Personnel costs		2,365		3,365		4,120
Legal, consulting, bookkeeping and auditing costs		650		479		6,084
Other expenses		232		246		288
Third party services		171		238		319
Recruiting costs		88		182		323
Office expenses		101		120		264
Travel costs		26		62		233
Insurance		28		29		214
Telecommunication		36		33		61
Depreciation and amortization		20		36		34
Licenses		-		12		24
Training		28		30		23
Repairs and maintenance		-		18		2
Acquisition related costs		-		162		-
Restructuring costs		-		642		-
Total general and administrative expenses		5,951		9,727		16,091

XML

Notes on the Consolidated Balance Sheet (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure Of Consolidated Balance Sheet [Abstract]

Schedule of reconciliation of intangible assets

in € thousands	Internally generated software			Licenses  and  domains		Brands and trademarks			Purchased software			Other intangible assets			Intangible assets under development			Goodwill			Total
Purchase costs																						-
January 1, 2016		-			121		-			50			-			-			-			171
Acquired		-			1		2,551			-			2,880			-			3,324			8,756
Additions		1,186			-		91			-			568			-			-			1,845
Disposals		-			-		-			(50	)		-			-			-			(50	)
December 31, 2016		1,186			122		2,642			-			3,448			-			3,324			10,722
Acquired		1,984			-		2,525			-			1,735			-			20,453			26,697
Additions		261			110		-			-			323			1,768			-			2,462
Disposals		(179	)		-		-			-			-			-			-			(179	)
Reclassifications		678			-		-			-			-			(678	)		-			-
Currency translation		(61	)		-		(74	)		-			(48	)		-			(593	)		(776	)
December 31, 2017		3,869			232		5,093			-			5,458			1,090			23,184			38,926
Accumulated amortization and impairment
January 1, 2016		-			61		-			27			-			-			-			88
Additions		179			24		37			-			787			-			-			1,027
Impairment		-			-		-			-			-			-			-			-
Disposals		-			-		-			(27	)		-			-			-			(27	)
Reclassification		-			-		-			-			-			-			-			-
December 31, 2016		179			85		37			-			787			-			-			1,088
Additions		366			19		139			-			2,357			-			-			2,881
Impairment		-			-		-			-			-			-			-			-
Disposals		(179	)		-		-			-			-			-			-			(179	)
Currency translation		-			-		-			-			-			-			-			-
December 31, 2017		366			104		176			-			3,144			-			-			3,790
Remaining carrying amount
January 1, 2016		-			60		-			23			-			-			-			83
December 31, 2016		1,007			37		2,605			-			2,661			-			3,324			9,634
December 31, 2017		3,503			128		4,917			-			2,314			1,090			23,184			35,136

Schedule of reconciliation of property and equipment

in € thousands	Leasehold improvement			Other and office equipment			Property, plant and equipment under construction		Total
Purchase costs
January 1, 2016		305			570			-		875
Acquired		-			137			-		137
Additions		-			147			-		147
Disposals		(1	)		(1	)		-		(2	)
December 31, 2016		304			853			-		1,157
Acquired		-			81			-		81
Additions		-			232			1,523		1,755
Disposals		-			(145	)		-		(145	)
Currency translation		-			(3	)		-		(3	)
December 31, 2017		304			1,018			1,523		2,845
Accumulated depreciation and impairment										-
January 1, 2016		-			421			-		421
Additions		59			192			-		251
Disposals		-			-			-		-
December 31, 2016		59			613			-		672
Additions		59			144			-		203
Impairment		-			25			-		25
Disposals		-			(137	)		-		(137	)
December 31, 2017		118			645			-		763
Remaining carrying amount
January 1, 2016		305			149			-		454
December 31, 2016		245			240			-		485
December 31, 2017		186			373			1,523		2,082

Schedule of overview of the Group's trade receivables

in € thousands	December 31,  2016			December 31, 2017
Trade receivables (gross)		5,338			7,588
Allowance for bad debt		(1,066	)		(774	)
- thereof non-current		-			-
- thereof current		4,272			6,814
Total trade receivables		4,272			6,814

Schedule of other financial assets

in € thousands	December 31,  2016		December 31, 2017
Deposits		2,173		2,119
Other receivables and assets		337		1,060
- thereof non-current		21		23
- thereof current		2,489		3,156
Other financial assets		2,510		3,179

Schedule of other assets

in € thousands	December 31,  2016		December 31, 2017
Prepaid expenses		1,663		2,637
VAT receivables and deposits		593		1,204
Other receivables and assets		46		9
- thereof non-current		-		-
- thereof current		2,302		3,850
Other assets		2,302		3,850

Schedule of cash and cash equivalents

in € thousands	December 31,  2016		December 31, 2017
Cash including petty cash		3		2
Bank		8,061		8,212
Total cash and cash equivalents		8,064		8,214

Schedule of provisions

in € thousands	Provisions for refunds			Restructuring provisions			Other provisions			Total
January 1, 2016		95			-			94			189
- thereof non-current		-			-			42			42
- thereof current		95			-			52			147
Acquired		-			-			30			30
Utilization		(94	)		-			(53	)		(147	)
Release		-			-			(45	)		(45	)
Addition		127			642			27			796
Reclassifications		-			-			-			-
Discounting effects		-			-			-			-
December 31, 2016		128			642			53			823
- thereof non-current		-			-			17			17
- thereof current		128			642			36			806
Acquired		-			-			975			975
Utilization		(67	)		(642	)		(10	)		(719	)
Release		-			-			-			-
Addition		59			30			62			151
Reclassifications		-			-			(27	)		(27	)
Discounting effects		-			-			-			-
Currency translation								(27	)		(27	)
December 31, 2017		120			30			1,026			1,176
- thereof non-current		-			-			17			17
- thereof current		120			30			1,009			1,159

Schedule of other financial liabilities

in € thousands	December 31,  2016		December 31, 2017
Liabilities from preferred shares		26,280		-
Liabilities from contingent consideration		1,295		-
Payroll liabilities		42		206
Other liabilities		-		6,309
- thereof non-current		26,280		-
- thereof current		1,337		6,515
Other financial liabilities		27,617		6,515

Schedule of other liabilities

in € thousands	December 31, 2016		December 31, 2017
VAT payables		-		98
Payroll liabilities		714		927
Other tax liabilities		2,018		2,262
- thereof non-current		-		-
- thereof current		2,732		3,287
Total other liabilities		2,732		3,287

Schedule of maturity structure of deferred income

in € thousands	December 31, 2016		December 31, 2017
Non-current		85		23
Current		18,047		20,354
Total deferred income		18,132		20,377

XML

Financial instruments and risk management (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of detailed information about financial instruments [abstract]

Schedule of financial instruments

	Measured at amortized  cost					Measured  at fair  value		Total
December 31, 2016 in € thousands		Classification  pursuant to  IAS 39	Carrying  amount		Fair value		Carrying  amount		Carrying  amount
Deposits		LaR		18		18		-		18
Other receivables		LaR		3		3		-		3
Other non-current financial assets - third parties				21		21		-		21
Trade receivables		LaR		4,272		4,272		-		4,272
Deposits		LaR		2,155		2,155		-		2,155
Other receivables		LaR		334		334		-		334
Other financial assets - third parties (current)				2,489		2,489		-		2,489
Cash and cash equivalents		LaR		8,064		8,064		-		8,064
Total financial assets				14,846		14,846		-		14,846
Borrowings		OFL		5,850		5,811		-		5,850
Preferred shares treated as financial liabilities		OFL		26,280		26,280		-		26,280
Trade payables		OFL		5,568		5,568		-		5,568
Contingent consideration		LdaFV		-		-		295		295
Deferred consideration payable		OFL		1,000		1,000		-		1,000
Other liabilities		OFL		42		42		-		42
Other financial liabilities to third parties (current)				1,042		1,042		295		1,337
Total financial liabilities				38,740		38,701		295		39,035

		Measured at amortized cost				Measured at fair value		Total
December 31, 2017 in € thousands	Classification pursuant to IAS 39	Carrying amount		Fair value		Carrying amount		Carrying amount
Deposits	LaR		20		20		-		20
Other receivables	LaR		3		3		-		3
Other non-current financial assets - third parties			23		23		-		23
Trade receivables	LaR		6,814		6,814		-		6,814
Deposits	LaR		2,099		2,099		-		2,099
Other receivables	LaR		1,057		1,057		-		1,057
Other financial assets - third parties (current)			3,156		3,156		-		3,156
Cash and cash equivalents	LaR		8,214		8,214		-		8,214
Total financial assets			18,207		18,207		-		18,207
Borrowings	OFL		5,850		6,284		-		5,850
Preferred shares treated as financial liabilities	OFL		-		-		-		-
Trade payables	OFL		11,489		11,489		-		11,489
Contingent consideration	LdaFV		-		-		-		-
Deferred consideration payable	OFL		-		-		-		-
Other liabilities	OFL		6,515		6,515		-		6,515
Other financial liabilities to third parties (current)			6,515		6,515		-		6,515
Total financial liabilities			23,854		24,288		-		23,854

Schedule of movements of financial liabilities

												Non-Cash related changes
in € thousands	January 1,  2017		Cash related changes from operating activities			Cash related changes from financing activities			Cash related changes from investing activities			Changes in Consolidation Group		Changes in interest expenses		Other changes			December 31, 2017
Borrowings		5,850		(509	)										509					5,850
Preferred shares treated as financial liabilities		26,280															(26,280	)		-
Contingent consideration		295								(295	)									-
Deferred consideration payable		1,000					(1,000	)												-
Other liabilities		42					(5	)					1,176				5,302			6,515
Other financial liabilities to third parties (current)		1,337					(1,005	)		(295	)		1,176				5,302			6,515
Total financial liabilities		33,467		(509	)		(1,005	)		(295	)		1,176		509		(20,978	)		12,365

Schedule of financial assets that are either past due or impaired

in € thousands	Carrying amount		Thereof neither  past due nor impaired		Thereof past due  as of the reporting  date and impaired
December 31, 2016
Deposits		334		334		-
Other receivables		2,155		2,155		-
Other financial assets		2,489		2,489		-
Trade receivables		4,272		3,206		1,066
Total		6,761		5,590		1,066
December 31, 2017
Other receivables		1,060		1,060		-
Deposits		2,119		2,119		-
Other financial assets		3,179		3,179		-
Trade receivables		6,814		6,040		774
Total		9,993		9,219		774

Schedule of impairment of assets

in € thousands	Impairments
Balance at December 31, 2015		912
Impairment loss recognized		4,073
Amounts written off		(3,919	)
Balance at December 31, 2016		1,066
Impairment loss recognized		4,102
Amounts written off		(4,394	)
Balance at December 31, 2017		774

Schedule of liquidity risk

Contractual cash flow
December 31, 2016 in € thousands	Carrying  amount		Total		< 1 year		1-5 years		More than 5  years
Borrowings		5,850		7,157		513		6,644		-
Preferred shares treated as financial liabilities		26,280		-		-		-		-
Trade payables		5,568		5,568		5,568		-		-
Other current financial liabilities		1,337		1,337		1,337		-		-
Contingent consideration		295		295		295		-		-
Deferred consideration payable		1,000		1,000		1,000		-		-
Other liabilities		42		42		42		-		-
Total financial liabilities		39,035		14,062		7,418		6,644		-

			Contractual cash flow
December 31, 2017 in € thousands	Carrying amount		Total		< 1 year		1-5 years		More than 5  years
Borrowings		5,850		6,284		6,284		-		-
Trade payables		11,489		11,489		11,489		-		-
Other current financial liabilities		6,515		6,515		6,515		-		-
Total financial liabilities		23,854		24,288		24,288		-		-

Schedule of currency risk

December 31, 2016 in thousands in local currency	EUR			USD			GBP			AUD		CAD
Financial assets											-		-
Trade receivables		3,645			268			319			-		-
Other financial assets		2,489			-			-			-		-
Cash and cash equivalents		6,907			596			507			-		-
Financial liabilities		-			-			-			-		-
Borrowings		(5,855	)		-			-			-		-
Preferred shares treated as financial liabilities		(26,280	)		-			-			-		-
Trade payables		(2,798	)		(1,344	)		(1,280	)		-		-
Other financial liabilities		(1,337	)		-			-			-		-
Net statement of financial position exposure		(23,229	)		(480	)		(454	)		-		-

December 31, 2017 in thousands in local currency	EUR			USD			GBP			AUD			CAD			ILS
Financial assets
Trade receivables		5,738			924			110			132			143
Other financial assets		2,355			240			-			-			-			2,500
Cash and cash equivalents		1,838			6,568			47			247			450			1,605
Financial liabilities
Borrowings		(5,850	)		-			-			-			-			-
Trade payables		(6,711	)		(4,883	)		(80	)		(178	)		(620	)		(343	)
Other financial liabilities		(5,905	)		(415	)		-			-			-			(1,099	)
Net statement of financial position exposure		(8,535	)		2,434			77			201			(27	)		2,663

Schedule of sensitivity analysis for types of market risk

	Profit or loss
Effect in euro	Strengthening			Weakening
December 31, 2015
EUR (0% movement)		-			-
USD (12% movement)		247			58
GBP (6% movement)		350			268
December 31, 2016
EUR (0% movement)		-			-
USD (3% movement)		62			34
GBP (14% movement)		(77	)		(254	)
December 31, 2017
EUR (0% movement)		-			-
USD (12% movement)		(335	)		335
GBP (4% movement)		(3	)		3
AUD (5% movement)		(10	)		10
CAD (6% movement)		2			(2	)
ILS (3% movement)		(76	)		76

XML

Other Information (Tables)

12 Months Ended

Dec. 31, 2017

Other Information [Abstract]

Schedule of key management personnel compensation

in € thousands	2015		2016		2017
Short-term benefits		147		481		693
Other employment benefits		-		25		-
Post-employment benefits		24		-		-
Share-based payments		599		884		1,522
Total compensation		770		1,390		2,215

Schedule of future minimum lease payments under non-cancellable operating lease agreements and future payments for contractual obligations

	December 31,
in € thousands	2016		2017
Less than one year		389		1,220
Between one and five years		814		1,371
More than five years		-		-
Total		1,203		2,591

XML

Description of Business and Summary of Significant Accounting Policies (Detail Textuals) € in Thousands	12 Months Ended
	Dec. 31, 2017 EUR (€) Segment Country Language
Disclosure Of Description Of Business And Summary Of Significant Accounting Policies [Abstract]
Number of reportable segment | Segment	2
Number of countries | Country	29
Number of languages | Language	15
Negative impact on operating results and increase in assets and liabilities | €	€ 1,000
Expected credit loss measurement period	12 months

XML

Description of Business and Summary of Significant Accounting Policies (Detail Textuals 1) - EUR (€) € in Thousands	Jan. 01, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Disclosure of non-adjusting events after reporting period [line items]
Other current provisions		€ 1,159	€ 806	€ 147
Current deferred income		20,354	18,047
Non-current portion of deferred income		€ 23	€ 85
Reclassification of provision for refunds into new financial statement caption
Disclosure of non-adjusting events after reporting period [line items]
Other current provisions	€ 120
Current deferred income	20,354
Non-current portion of deferred income	23
Reclassification of provision for refunds into new financial statement caption | Current contract liability
Disclosure of non-adjusting events after reporting period [line items]
Other current provisions	120
Current deferred income	20,354
Reclassification of provision for refunds into new financial statement caption | Non-current contract liability
Disclosure of non-adjusting events after reporting period [line items]
Non-current portion of deferred income	€ 23

XML

Basis of consolidation (Details)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Spark Networks Services GmbH (previously, Affinitas GmbH)
Disclosure Of Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary	100.00%	100.00%	[1]
Samadhi SAS (acquired on September 30, 2016)
Disclosure Of Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary	100.00%	100.00%
Spark Networks, Inc. (acquired on November 2, 2017)
Disclosure Of Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary	100.00%	0.00%
Spark Networks Limited (acquired on November 2, 2017)
Disclosure Of Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary	100.00%	0.00%
LOV USA, LLC (acquired on November 2, 2017)
Disclosure Of Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary	100.00%	0.00%
Spark Networks USA, LLC (acquired on November 2, 2017)
Disclosure Of Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary	100.00%	0.00%
Spark Networks (Israel) Limited (acquired on November 2, 2017)
Disclosure Of Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary	100.00%	0.00%
JDate Limited (acquired on November 2, 2017)
Disclosure Of Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary	100.00%	0.00%
HurryDate, LLC (acquired on November 2, 2017)
Disclosure Of Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary	100.00%	0.00%
MingleMatch, Inc. (acquired on November 2, 2017)
Disclosure Of Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary	100.00%	0.00%
Kizmeet, Inc. (acquired on November 2, 2017)
Disclosure Of Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary	100.00%	0.00%
Reseaux Spark Canada Ltd. (acquired on November 2, 2017)
Disclosure Of Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary	100.00%	0.00%
SocialNet, Inc. (acquired on November 2, 2017)
Disclosure Of Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary	100.00%	0.00%
SN Events, Inc. (acquired on November 2, 2017)
Disclosure Of Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary	100.00%	0.00%
SN Holdco, LLC (acquired on November 2, 2017)
Disclosure Of Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary	100.00%	0.00%
Smooch Labs, Inc. (acquired on November 2, 2017)
Disclosure Of Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary	100.00%	0.00%

[1] In the previous year's consolidated financial statements Affinitas GmbH was the parent of the Group. As predecessor of Spark Networks SE, Affinitas' consolidated financials are carried forward.

XML

Basis of consolidation (Details 1) - Nov. 02, 2017 - Spark Networks, Inc. € / shares in Units, € in Thousands, shares in Thousands, Share in Thousands	EUR (€) Share Exchange_rate € / shares shares	EUR (€) Share Exchange_rate $ / shares shares
Disclosure of detailed information about business combination [line items]
Spark common stock outstanding | shares	34,701	34,701
Multiplied by Adjustment Ratio	€ 0.1
New Spark ADSs to be issued, as converted | Share	3,470	3,470
Spark common stock per share price | $ / shares		$ 0.99
USD to EUR exchange rate | Exchange_rate	0.8587	0.8587
Spark common stock per share price	€ 0.85
Divided by Adjustment Ratio	0.1
Per share fair value of Spark common stock	€ 8.50
Fair value of New Spark ADSs to be issued pursuant to the Business Combination | €	€ 29,499	$ 29,499

XML

Basis of consolidation (Details 2) - EUR (€) € in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Disclosure of detailed information about business combination [line items]
Goodwill	€ 23,184	€ 3,324
Non-current assets	47,148	20,141	€ 537
Trade receivables	6,814	4,272
Other current assets	3,850	2,302
TOTAL ASSETS	69,182	37,268
Current liabilities	(48,940)	(28,830)
Other liabilities	(3,287)	€ (2,732)
Spark Networks, Inc.
Disclosure of detailed information about business combination [line items]
Goodwill	20,453
Intangible assets	6,243
Property, plant and equipment	81
Non-current assets	27
Trade receivables	336
Other current assets	1,424
Cash and cash equivalents	6,606
TOTAL ASSETS	35,170
Current liabilities	(4,071)
Other liabilities	(41)
Deferred income	(1,559)
Net assets acquired	€ 29,499

XML

Basis of consolidation (Detail Textuals) € / shares in Units, € in Thousands	May 02, 2017 EUR (€) Share € / shares shares	Nov. 02, 2017
Affinitas GmbH
Disclosure of detailed information about business combination [line items]
Number of shares purchased | Share	120,000
Total purchase price	€ 132
Number of shares purchased value	120
Transaction-related expenses	€ 12
Number of share exchange | shares	849,861
Value for share exchange	€ 5,730
Share exchange adjustment ratio | € / shares	€ 0.1
Spark Networks Inc
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired		100.00%

XML

Basis of consolidation (Detail Textuals 1) - EUR (€) € in Thousands	2 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2017
Disclosure of detailed information about business combination [line items]
Cost incurred relating to the merger		€ 7,520
Revenue of combined Group if occurred on January 1, 2017		105,911
Reduction in revenue due to the write-offs of deferred revenue		€ 943
Spark Networks Inc
Disclosure of detailed information about business combination [line items]
Revenue	€ 2,719
Losses for the period	€ 2,679

XML

Significant accounting policies (Details) € in Millions	12 Months Ended
	Dec. 31, 2017 EUR (€)
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of intangible assets for current and comparative	1 to 4 years
Total equity value for Affinitas	€ 90
Leasehold improvements
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of property, plant, and equipment for current and comparative	the shorter of the lease term or 5 years
Other and office equipment
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of property, plant, and equipment for current and comparative	3 - 5 years
Internally generated software
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of intangible assets for current and comparative	3 - 6 years
Licenses and domains
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of intangible assets for current and comparative	2 - 5 years
Brands and trademarks
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of intangible assets for current and comparative	10 - 20 years, indefinite
Other intangible assets
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of intangible assets for current and comparative	1 - 5 years

XML

Notes on the consolidated statements of operations (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Disclosure Of Income Statement [Line Items]
Revenue	€ 85,637	€ 73,491	€ 60,442
Direct marketing expenses	(53,469)	(48,370)	(42,589)
Contribution margin	32,168	25,121	17,853
Cost of revenue
Data center expenses	(1,964)	(726)	(626)
Credit card fees	(1,549)	(1,471)	(1,287)
Mobile application processing fees	(1,794)	(635)	(128)
Gross profit	26,861	22,289	15,812
Other income (Note 4.4)	54	126	309
Other operating expenses
Sales and marketing expenses (Note 4.5)	(5,540)	(3,919)	(3,036)
Customer service expenses	(3,971)	(2,791)	(2,357)
Technical operations and development expenses	(6,428)	(3,305)	(3,849)
General and administrative expenses (Note 4.8)	(16,091)	(9,727)	(5,951)
Operating profit	(5,115)	2,673	928
Interest income and similar income	239	157	30
Interest expense and similar charges	(782)	(425)	(103)
Net finance expenses	(543)	(268)	(73)
Loss before taxes	(5,658)	2,405	855
Income tax benefit(expense) (Note 4.12)	84	(1,082)	(445)
(Loss)/profit from continuing operations	(5,574)	1,323	410
North America
Disclosure Of Income Statement [Line Items]
Revenue	24,574	16,004	5,268
Direct marketing expenses	(17,980)	(15,059)	(8,355)
Contribution margin	6,594	945	(3,087)
International
Disclosure Of Income Statement [Line Items]
Revenue	61,063	57,487	55,174
Direct marketing expenses	(35,489)	(33,311)	(34,234)
Contribution margin	€ 25,574	€ 24,176	€ 20,940

XML

Notes on the consolidated statements of operations (Details 1) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Consolidated Income Statement [Line Items]
Revenue (Note 4.1)	€ 85,637	€ 73,491	€ 60,442
USA
Consolidated Income Statement [Line Items]
Revenue (Note 4.1)	17,861	10,176	1,117
France
Consolidated Income Statement [Line Items]
Revenue (Note 4.1)	17,859	12,655	10,878
UK
Consolidated Income Statement [Line Items]
Revenue (Note 4.1)	8,803	7,153	5,621
Germany
Consolidated Income Statement [Line Items]
Revenue (Note 4.1)	3,764	5,326	6,084
Other countries
Consolidated Income Statement [Line Items]
Revenue (Note 4.1)	€ 37,350	€ 38,181	€ 36,742

XML

Notes on the consolidated statements of operations (Details 2) - EUR (€) € in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Consolidated Income Statement [Line Items]
Non-current assets exclude financial instruments and deferred tax assets	€ 37,218	€ 10,119	€ 537
USA
Consolidated Income Statement [Line Items]
Non-current assets exclude financial instruments and deferred tax assets	25,814	0	0
France
Consolidated Income Statement [Line Items]
Non-current assets exclude financial instruments and deferred tax assets	6,459	3,829	0
Germany
Consolidated Income Statement [Line Items]
Non-current assets exclude financial instruments and deferred tax assets	4,733	1,790	537
Other countries
Consolidated Income Statement [Line Items]
Non-current assets exclude financial instruments and deferred tax assets	€ 212	€ 0	€ 0

XML

Notes on the consolidated statements of operations (Details 3) - EUR (€) € / shares in Units, € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Disclosure Of Income Statement [Abstract]
Revenue	€ 0	€ 3,667	€ 2,734
Expenses	0	(5,168)	(4,067)
Results from operating activities	0	(1,501)	(1,333)
Income tax	0	488	374
Results from operating activities, net of tax	0	(1,013)	(959)
Gain on sale of discontinued operation	0	381
Profit (loss) from discontinued operations, net of tax	€ 0	€ (632)	€ (959)
Earnings per share - discontinued operations
Basic loss per share (In euro per share)	€ 0	€ (25.28)	€ (38.36)
Diluted loss per share (In euro per share)	€ 0	€ (25.28)	€ (38.36)

XML

Notes on the consolidated statements of operations (Details 4) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Disclosure Of Income Statement [Abstract]
Net cash from operating activities	€ 0	€ (635)	€ (879)
Net cash from investing activities	250	18	0
Net cash flows for the year	€ 250	€ (617)	€ (879)

XML

Notes on the consolidated statements of operations (Details 5) € in Thousands	12 Months Ended
	Dec. 31, 2016 EUR (€)
Disclosure Of Income Statement [Abstract]
Property, plant and equipment	€ (7)
Trade and other receivables	(402)
Cash and cash equivalents	(232)
Current trade and other payables	768
Provisions	4
Net assets and liabilities	131
Consideration received, satisfied in cash	250
Cash and cash equivalents disposed of	(232)
Net cash inflows	€ 18

XML

Notes on the consolidated statements of operations (Details 6) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Disclosure Of Income Statement [Abstract]
Direct Marketing expenses	€ 53,469	€ 48,370	€ 42,589
Credit card fees	1,549	1,471	1,287
Data center expenses	1,964	726	626
Mobile application processing fees	1,794	635	128
Total cost of revenue	€ 58,776	€ 51,202	€ 44,630

XML

Notes on the consolidated statements of operations (Details 7) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Disclosure Of Income Statement [Abstract]
Repayments and reimbursements	€ 0	€ 74	€ 78
Other income	54	52	231
Total other income	€ 54	€ 126	€ 309

XML

Notes on the consolidated statements of operations (Details 8) - Sales and marketing expenses - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Consolidated Income Statement [Line Items]
Personnel	€ 2,921	€ 2,795	€ 2,343
Depreciation and amortization	1,723	741	31
Other	705	260	559
Office expenses	191	123	103
Total sales and marketing expenses	€ 5,540	€ 3,919	€ 3,036

XML

Notes on the consolidated statements of operations (Details 9) - Customer service expenses - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Consolidated Income Statement [Line Items]
Personnel	€ 2,153	€ 1,651	€ 1,747
Third Party Services	1,589	965	450
Office Expenses	146	109	107
Depreciation and amortisation expense	62	53	35
Other	21	13	18
Total Customer Service Expenses	€ 3,971	€ 2,791	€ 2,357

XML

Notes on the consolidated statements of operations (Details 10) - Technical operations and development expenses - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Consolidated Income Statement [Line Items]
Personnel	€ 5,712	€ 3,531	€ 3,436
Depreciation and amortization	1,259	445	35
Data processing costs	1,364	353	270
Office expenses	166	114	105
Other	63	48	3
Capitalized development costs	(2,136)	(1,186)	0
Total technical operations and development expenses	€ 6,428	€ 3,305	€ 3,849

XML

Notes on the consolidated statements of operations (Details 11) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Consolidated Income Statement [Line Items]
Total general and administrative expenses	€ 16,091	€ 9,727	€ 5,951
General and administrative expenses
Consolidated Income Statement [Line Items]
Provisions for bad debts, write-offs, and uncollectible amounts	4,102	4,073	2,206
Personnel	4,120	3,365	2,365
Legal, consulting, bookkeeping and auditing costs	6,084	479	650
Other expenses	288	246	232
Third party services	319	238	171
Recruiting Costs	323	182	88
Office expenses	264	120	101
Travel costs	233	62	26
Insurance	214	29	28
Telecommunication	61	33	36
Depreciation and amortization	34	36	20
Licenses	24	12	0
Training	23	30	28
Repairs and maintenance	2	18	0
Acquisition related costs	0	162	0
Restructuring costs	0	642	0
Total general and administrative expenses	€ 16,091	€ 9,727	€ 5,951

XML

Notes on the consolidated statements of operations (Details 12) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Disclosure Of Income Statement [Abstract]
Currency translation gains	€ 213	€ 157	€ 19
Interest income and similar income	26	0	11
Interest expense for non-current liabilities	(516)	(129)	0
Currency translation losses	(266)	(296)	(103)
Total finance expenses	€ 543	€ 268	€ 73

XML

Notes on the consolidated statements of operations (Details 13) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Disclosure Of Income Statement [Abstract]
Wages and salaries	€ 11,367	€ 8,684	€ 7,778
Social security contribution	2,016	1,763	1,615
Equity-settled share-based payments	1,166	991	600
Termination benefits	430	765	16
Other employee benefits	447	64	56
Total employee benefits expenses	€ 15,426	€ 12,267	€ 10,065

XML

Notes on the consolidated statements of operations (Details 14) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Consolidated Income Statement [Line Items]
Cost of sales	€ 58,776	€ 51,202	€ 44,630
Sales and marketing expenses	5,540	3,919	3,036
General and administrative expenses	16,091	9,727	5,951
Total employee benefits expenses	15,426	12,267	10,065
Employee benefit allocated cost
Consolidated Income Statement [Line Items]
Cost of sales	520	283	175
Sales and marketing expenses	2,921	2,795	2,343
Customer service expenses	2,153	1,651	1,747
Technical operations and development expenses	5,712	3,531	3,435
General and administrative expenses	4,120	4,007	2,365
Total employee benefits expenses	€ 15,426	€ 12,267	€ 10,065

XML

Notes on the consolidated statements of operations (Details 15) - Affinitas GmbH	12 Months Ended
	Dec. 31, 2017 EUR (€) Share	Dec. 31, 2016 EUR (€) Share	Dec. 31, 2015 EUR (€) Share
Disclosure of terms and conditions of share-based payment arrangement [line items]
Weighted average exercise price outstanding at January 1 | €	€ 1,014	€ 878	€ 1
Weighted Average Exercise Price Granted during the year | €	1,091	1,260	1,317
Weighted Average Exercise Price Forfeited during the year | €	1,091	0
Weighted Average Exercise Price Exercised during the year | €	1,228	0
Weighted Average Exercise Price Outstanding at December 31 | €	€ 1,019	€ 1,014	€ 878
Number of Options Outstanding at January 1 | Share	5,454	3,507	1,170
Number of Options Granted during the year | Share	932	1,947	2,337
Number of Options Forfeited during the year | Share	(28)	0
Number of Options Exercised during the year | Share	(192)	0
Number of Options Outstanding at December 31 | Share	6,166	5,454	3,507

XML

Notes on the consolidated statements of operations (Details 16)	Dec. 31, 2017 EUR (€) Share	Dec. 31, 2016 EUR (€) Share	Dec. 31, 2015 EUR (€) Share	Dec. 31, 2014 Share
Affinitas GmbH
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of Options	6,166	5,454	3,507	1,170
Not defined (grant in 2013)
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of Options		1,170
Not defined (grant in 2013) | Affinitas GmbH
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise Price | €	€ 1	€ 1	€ 1
Number of Options	1,170	1,170
September - October 2025, One
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of Options		880
September - October 2025, One | Affinitas GmbH
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise Price | €	€ 917	€ 917	917
Number of Options	825	880
September - October 2025, Two
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of Options		880
September - October 2025, Two | Affinitas GmbH
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise Price | €	€ 1,376	€ 1,376	1,376
Number of Options	825	880
September - October 2025, Three
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of Options		577
September - October 2025, Three | Affinitas GmbH
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise Price | €	€ 1,835	€ 1,835	€ 1,835
Number of Options	550	577
January - July 2026, One
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of Options		550
January - July 2026, One | Affinitas GmbH
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise Price | €	€ 917	€ 917
Number of Options	550
January - July 2026, Two
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of Options		487
January - July 2026, Two | Affinitas GmbH
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise Price | €	€ 1,091	€ 1,091
Number of Options	404
May 2026, One
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of Options		550
May 2026, One | Affinitas GmbH
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise Price | €	€ 1,376	€ 1,376
Number of Options	550
May 2026, Two
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of Options		360
May 2026, Two | Affinitas GmbH
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise Price | €	€ 1,835	€ 1,835
Number of Options	360
January - April 2027 | Affinitas GmbH
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise Price | €	€ 1,091	€ 0
Number of Options	932	0

XML

Notes on the consolidated statements of operations (Details 17) - Affinitas GmbH	12 Months Ended
	Dec. 31, 2017 EUR (€) Year	Dec. 31, 2016 EUR (€) Year	Dec. 31, 2015 EUR (€) Year
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share price M&A Scenario	€ 551
Share price IPO Scenario	1,489
Weighted average option exercise price	€ 1,000	€ 1,260	€ 1,317
Volatility	37.20%
Dividend yield	0.00%	0.00%	0.00%
Risk-free rate	(0.653%)
Weighted-average option fair value	€ 520	€ 324	€ 445
Bottom of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share price M&A Scenario		291	211
Share price IPO Scenario		€ 1,289	€ 1,570
Volatility		35.90%	34.30%
Expected life | Year	2.8	1.0	2.0
Risk-free rate		(0.743%)	(0.261%)
Fair value per Option	€ 481	€ 271	€ 198
Top of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share price M&A Scenario		380	729
Share price IPO Scenario		€ 1,381	€ 1,647
Volatility		37.90%	35.10%
Expected life | Year	3.8	2.8	3.3
Risk-free rate		(0.462%)	(0.184%)
Fair value per Option	€ 572	€ 383	€ 731

XML

Notes on the consolidated statements of operations (Details 18) - Spark Networks Inc - 2017 Virtual stock option plan following merger	12 Months Ended
	Dec. 31, 2017 EUR (€) Share
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise Price Outstanding at 1 January | €	€ 0
Exercise Price Granted during the year | €	10.62
Exercise Price Forfeited during the year | €	0
Exercise Price Outstanding at December 31 | €	€ 10.62
Number of Options Outstanding at January 1 | Share	0
Number of Options Granted during the year | Share	908,608
Number of Options Forfeited during the year | Share	0
Number of Options Outstanding at December 31 | Share	908,608

XML

Notes on the consolidated statements of operations (Details 19) - Spark Networks Inc - 2017 Virtual stock option plan following merger	Dec. 31, 2017 EUR (€) Share	Dec. 31, 2016 EUR (€) Share
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise Price | €	€ 10.62	€ 0
Number of Options | Share	908,608	0
Dec-21
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise Price | €	€ 10.62
Number of Options | Share	908,608

XML

Notes on the consolidated statements of operations (Details 20) - 12 months ended Dec. 31, 2017 - Spark Networks Inc - 2017 Virtual stock option plan following merger	EUR (€) Months € / shares	USD ($) Months
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share price | € / shares	€ 10.21
Exercise price | €	€ 10.62
Option life | Months	48.5	48.5
Volatility	55.00%	55.00%
Dividend yield	0.00%	0.00%
Risk-free rate	1.98%	1.98%
Fair value per Option	€ 3.87	$ 3.27

XML

Notes on the consolidated statements of operations (Details 21) - Spark Networks Inc - 2007 Omnibus incentive plan prior merger	12 Months Ended
	Dec. 31, 2017 EUR (€) Share
Disclosure of terms and conditions of share-based payment arrangement [line items]
Weighted average exercise price outstanding at January 1 | €	€ 37.47
Weighted Average Exercise Price Expired during the year | €	83.75
Weighted Average Exercise Price Forfeited during the year | €	14.50
Weighted Average Exercise Price Outstanding at December 31 | €	€ 16.88
Number of Options Outstanding at January 1 | Share	236,670
Number of share options expired during the year | Share	(72,900)
Number of share options forfeited during the year | Share	(500)
Number of Options Outstanding at December 31 | Share	163,270

XML

Notes on the consolidated statements of operations (Details 22) - Spark Networks Inc - 2007 Omnibus incentive plan prior merger	Dec. 31, 2017 EUR (€) Share	Dec. 31, 2016 Share
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of Options	163,270	236,670
March 2018
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise Price | €	€ 20.87
Number of Options	1,750
July 2018
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise Price | €	€ 10.10
Number of Options	24,735
November 2018
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise Price | €	€ 10
Number of Options	12,000
November 2018
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise Price | €	€ 53.7
Number of Options	20,000
November 2018
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise Price | €	€ 34.5
Number of Options	5,000
March 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise Price | €	€ 30.7
Number of Options	3,750
August 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise Price | €	€ 14.5
Number of Options	5,000
September 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise Price | €	€ 18.6
Number of Options	250
March 2024
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise Price | €	€ 10
Number of Options	2,400
March 2024
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise Price | €	€ 10.1
Number of Options	88,385

XML

Notes on the consolidated statements of operations (Details 23) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Disclosure Of Income Statement [Abstract]
Current income tax	€ (67)	€ (752)	€ (369)
Current income tax expenses (-) / income (+)	(57)	(752)	(374)
Adjustments for current income tax from prior periods	(10)	0	5
Deferred tax	151	(330)	(76)
Deferred taxes from the origination and reversal of temporary differences	(8)	211	31
Deferred taxes on tax losses carryforward	159	(541)	(107)
Effective tax expense	€ 84	€ (1,082)	€ (445)

XML

Notes on the consolidated statements of operations (Details 24) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Disclosure Of Income Statement [Abstract]
Income before taxes	€ (5,658)	€ 2,405	€ 855
Tax rate of the Group in %	32.00%	30.00%	30.00%
Expected tax expense (-) / income (+)	€ 1,811	€ (728)	€ (259)
Differences in applicable tax rate	(108)	50
Recognition of previously unrecognized tax losses	573	0	0
Current-year losses and for which no deferred tax is recognized	(2,009)	0	0
Share-based payment arrangements	(139)	(297)	(180)
Non-deductible expenses for tax purpose	(5)	0	0
Taxes from prior years	(10)	0	5
Trade tax additions and deductions	(29)	(9)	(4)
Sundry items	0	(98)	(7)
Effective tax expense	€ 84	€ (1,082)	€ (445)

XML

Notes on the consolidated statements of operations (Details 25) - EUR (€) € in Thousands	Dec. 31, 2017	Dec. 31, 2016
Disclosure Of Income Statement [Abstract]
Deferred tax assets (DTA)	€ 9,907	€ 10,001
Deferred tax liabilities (DTL)	€ 725	€ 929

XML

Notes on the consolidated statements of operations (Details 26) - EUR (€) € in Thousands	Dec. 31, 2017	Dec. 31, 2016
Disclosure Of Income Statement [Abstract]
Deferred tax asset Intangible assets	€ 0	€ 0
Deferred tax asset Property, plant and equipment	0	0
Deferred tax asset Financial assets	0	0
Deferred tax asset Receivables and other assets	125	303
Deferred tax asset Cash	61	16
Deferred Tax Asset Liabilities	2	0
Deferred tax asset Provisions	4	19
Deferred tax asset Deferred income	0	115
Deferred tax asset Other	0	0
Deferred tax asset Income tax credits	295	0
Deferred tax assets Tax losses carryforward	10,845	10,671
Deferred tax asset gross	11,332	11,124
Deferred Tax Assets Set off of deferred tax	1,425	1,123
Net deferred tax assets	9,907	10,001
Deferred tax liabilities Intangible assets	2,150	1,962
Deferred tax liabilities Property, plant and equipment	0	0
Deferred tax liabilities Financial assets	0	0
Deferred tax liabilities Receivables and other assets	0	0
Deferred tax liabilities Cash	0	0
Deferred tax Liabilities	0	54
Deferred tax liabilities Provisions	0	0
Deferred tax liaiblities Deferred income	0	36
Deferred tax liaibilities Other	0	0
Deferred Tax liabilities Income tax credits	0	0
Deferred tax liabilities Tax losses carryforward	0	0
Deferred incomes liabilities Total, gross	2,150	2,052
Deferred tax liabilities Set off of deferred tax	1,425	1,123
Net deferred tax liabilities	€ 725	€ 929

XML

Notes on the consolidated statements of operations (Details 27) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Disclosure Of Income Statement [Abstract]
Continuing operations	€ (5,574)	€ 1,323	€ 410
Discountined operations	0	(632)	(959)
Total	€ (5,574)	€ 691	€ (549)

XML

Notes on the consolidated statements of operations (Detail Textuals) € / shares in Units, Options in Thousands	12 Months Ended
	Dec. 31, 2017 EUR (€) Share Options € / shares shares	Dec. 31, 2016 EUR (€) Share shares	Dec. 31, 2015 EUR (€) shares
Consolidated Income Statement [Line Items]
Minimum Percentage of revenue or non-current assets for deemed countries as material and separately disclosed	10.00%
Termination benefits	€ 430,000	€ 765,000	€ 16,000
Termination expenses	1,238,000	123,000	16,000
Defined contribution retirement funds	845,000	628,000	€ 594,000
Amount of deferred tax liabilities on intangible assets	2,150,000	1,962,000
Gross operating loss carryforwards	22,733,000	0
Reduce future federal and state taxable income	16,356,000	€ 0
Capitalized deferred tax assets	€ 10,845,000
Weighted average number of ordinary shares outstanding | shares	230,000	25,000	25,000
Applicable tax rate	20.00%	50.00%	0.00%
Future federal statutory income tax rate	19.00%	18.00%
Research and development expense	€ 1,301,000	€ 566,000	€ 0
Affinitas GmbH
Consolidated Income Statement [Line Items]
Option Vesting Period	3 years
Outstanding stock options vested | Share	2,895	1,383
Exercisable options at reporting date | Share		1,170
Option outsanding at fixed valuation	€ 3,839,000
Option settled in cash	€ 78,000
Number of option share | Options	192
Remaining value of option outstanding	€ 3,161,000
Prepayment paid to selected participants	600,000
Equity value of affinitas	€ 90,000
Fixed valuation per share | € / shares	€ 1,601
Exercise Price Granted during the year	€ 1,000	€ 1,260	€ 1,317
Spark Networks Inc
Consolidated Income Statement [Line Items]
Expenses arising from Spark Merger	€ 276,000
Percentage of increase in conjunction with addition of resources	23.40%
Spark Networks Inc | 2017 Virtual stock option plan following merger
Consolidated Income Statement [Line Items]
Share based payment expense recognized for the equity settled options granted	€ 313,000	€ 0
Exercise Price Granted during the year	€ 10.62
Spark Networks Inc | 2007 Omnibus incentive plan prior merger
Consolidated Income Statement [Line Items]
Number of options vested | shares	50,150
Equity settlement option plan prior amount	€ 175,000
Effect from April 1, 2020
Consolidated Income Statement [Line Items]
Future federal statutory income tax rate	17.00%
Effect April 1, 2017
Consolidated Income Statement [Line Items]
Future federal statutory income tax rate		19.00%
U.S
Consolidated Income Statement [Line Items]
Federal income tax carry-forwards approximately	€ 295,000	€ 0
U.S | Effect from January 1, 2018
Consolidated Income Statement [Line Items]
Applicable tax rate	35.00%
Future federal statutory income tax rate	21.00%
Germany
Consolidated Income Statement [Line Items]
Amount of corporate tax	€ 39,002,000	32,912,000
Amount of trade tax payable	38,629,000	32,737,000
Unused tax loss carry forwards	4,127,000
France
Consolidated Income Statement [Line Items]
Federal income tax carry-forwards approximately	1,084,000	2,265,000
Israel
Consolidated Income Statement [Line Items]
Federal income tax carry-forwards approximately	€ 8,688,000	€ 0
Applicable tax rate	24.00%
Future federal statutory income tax rate	23.00%

XML

Notes on the Consolidated Balance Sheet (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	€ 9,634	€ 83
Balance, December 31,	35,136	9,634
Purchase costs
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	10,722	171
Acquired	26,697	8,756
Additions	2,462	1,845
Disposals	(179)	(50)
Reclassifications	0
Currency translation	(776)
Balance, December 31,	38,926	10,722
Accumulated amortization and impairment
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	1,088	88
Additions	2,881	1,027
Impairment	0	0
Disposals	(179)	(27)
Reclassifications		0
Currency translation	0
Balance, December 31,	3,790	1,088
Software | Internally generated
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	1,007	0
Balance, December 31,	3,503	1,007
Software | Internally generated | Purchase costs
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	1,186	0
Acquired	1,984	0
Additions	261	1,186
Disposals	(179)	0
Reclassifications	678
Currency translation	(61)
Balance, December 31,	3,869	1,186
Software | Internally generated | Accumulated amortization and impairment
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	179	0
Additions	366	179
Impairment	0	0
Disposals	(179)	0
Reclassifications		0
Currency translation	0
Balance, December 31,	366	179
Software | Not internally generated
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	0	23
Balance, December 31,	0	0
Software | Not internally generated | Purchase costs
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	0	50
Acquired	0	0
Additions	0	0
Disposals	0	(50)
Reclassifications	0
Currency translation	0
Balance, December 31,	0	0
Software | Not internally generated | Accumulated amortization and impairment
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	0	27
Additions	0	0
Impairment	0	0
Disposals	0	(27)
Reclassifications		0
Currency translation	0
Balance, December 31,	0	0
Licenses and domains | Not internally generated
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	37	60
Balance, December 31,	128	37
Licenses and domains | Not internally generated | Purchase costs
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	122	121
Acquired	0	1
Additions	110	0
Disposals	0	0
Reclassifications	0
Currency translation	0
Balance, December 31,	232	122
Licenses and domains | Not internally generated | Accumulated amortization and impairment
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	85	61
Additions	19	24
Impairment	0	0
Disposals	0	0
Reclassifications		0
Currency translation	0
Balance, December 31,	104	85
Brands and trademarks | Not internally generated
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	2,605	0
Balance, December 31,	4,917	2,605
Brands and trademarks | Not internally generated | Purchase costs
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	2,642	0
Acquired	2,525	2,551
Additions	0	91
Disposals	0	0
Reclassifications	0	0
Currency translation	(74)
Balance, December 31,	5,093	2,642
Brands and trademarks | Not internally generated | Accumulated amortization and impairment
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	37	0
Additions	139	37
Impairment	0	0
Disposals	0	0
Reclassifications		0
Currency translation	0
Balance, December 31,	176	37
Other intangible assets | Not internally generated
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	2,661	0
Balance, December 31,	2,314	2,661
Other intangible assets | Not internally generated | Purchase costs
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	3,448	0
Acquired	1,735	2,880
Additions	323	568
Disposals	0	0
Reclassifications	0
Currency translation	(48)
Balance, December 31,	5,458	3,448
Other intangible assets | Not internally generated | Accumulated amortization and impairment
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	787	0
Additions	2,357	787
Impairment	0	0
Disposals	0	0
Reclassifications		0
Currency translation	0
Balance, December 31,	3,144	787
Intangible assets under development | Not internally generated
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	0	0
Balance, December 31,	1,090	0
Intangible assets under development | Not internally generated | Purchase costs
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	0	0
Acquired	0	0
Additions	1,768	0
Disposals	0	0
Reclassifications	(678)
Balance, December 31,	1,090	0
Intangible assets under development | Not internally generated | Accumulated amortization and impairment
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	0	0
Additions	0	0
Impairment	0	0
Disposals	0	0
Reclassifications		0
Currency translation	0
Balance, December 31,	0	0
Goodwill | Not internally generated
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	3,324	0
Balance, December 31,	23,184	3,324
Goodwill | Not internally generated | Purchase costs
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	3,324	0
Acquired	20,453	3,324
Additions	0	0
Disposals	0	0
Reclassifications	0
Currency translation	(593)
Balance, December 31,	23,184	3,324
Goodwill | Not internally generated | Accumulated amortization and impairment
Reconciliation of intangible assets [Roll Forward]
Balance, January 1,	0	0
Additions	0	0
Impairment	0	0
Disposals	0	0
Reclassifications		0
Currency translation	0
Balance, December 31,	€ 0	€ 0

XML

Notes on the Consolidated Balance Sheet (Details 1) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Disclosure of detailed information about property, plant and equipment [line items]
Balance, January 1,	€ 485	€ 454
Disposals		7
Balance, December 31,	2,082	485
Purchase costs
Disclosure of detailed information about property, plant and equipment [line items]
Balance, January 1,	1,157	875
Acquired	81	137
Additions	1,755	147
Disposals	(145)	(2)
Currency translation	(3)
Balance, December 31,	2,845	1,157
Accumulated amortization and impairment
Disclosure of detailed information about property, plant and equipment [line items]
Balance, January 1,	672	421
Additions	203	251
Impairment	25
Disposals	(137)	0
Balance, December 31,	763	672
Leasehold improvement
Disclosure of detailed information about property, plant and equipment [line items]
Balance, January 1,	245	305
Balance, December 31,	186	245
Leasehold improvement | Purchase costs
Disclosure of detailed information about property, plant and equipment [line items]
Balance, January 1,	304	305
Acquired	0	0
Additions	0	0
Disposals	0	(1)
Currency translation	0
Balance, December 31,	304	304
Leasehold improvement | Accumulated amortization and impairment
Disclosure of detailed information about property, plant and equipment [line items]
Balance, January 1,	59	0
Additions	59	59
Impairment	0
Disposals	0	0
Balance, December 31,	118	59
Other and office equipment
Disclosure of detailed information about property, plant and equipment [line items]
Balance, January 1,	240	149
Balance, December 31,	373	240
Other and office equipment | Purchase costs
Disclosure of detailed information about property, plant and equipment [line items]
Balance, January 1,	853	570
Acquired	81	137
Additions	232	147
Disposals	(145)	(1)
Currency translation	(3)
Balance, December 31,	1,018	853
Other and office equipment | Accumulated amortization and impairment
Disclosure of detailed information about property, plant and equipment [line items]
Balance, January 1,	613	421
Additions	144	192
Impairment	25
Disposals	(137)	0
Balance, December 31,	645	613
Property, plant and equipment under construction
Disclosure of detailed information about property, plant and equipment [line items]
Balance, January 1,	0	0
Balance, December 31,	1,523	0
Property, plant and equipment under construction | Purchase costs
Disclosure of detailed information about property, plant and equipment [line items]
Balance, January 1,	0	0
Acquired	0	0
Additions	1,523	0
Disposals	0	0
Currency translation	0
Balance, December 31,	1,523	0
Property, plant and equipment under construction | Accumulated amortization and impairment
Disclosure of detailed information about property, plant and equipment [line items]
Balance, January 1,	0	0
Additions	0	0
Impairment	0
Disposals	0	0
Balance, December 31,	€ 0	€ 0

XML

Notes on the Consolidated Balance Sheet (Details 2) - EUR (€) € in Thousands	Dec. 31, 2017	Dec. 31, 2016
Disclosure Of Consolidated Balance Sheet [Abstract]
Trade receivables (gross)	€ 7,588	€ 5,338
Allowance for bad debt	(774)	(1,066)
- thereof non-current	0	0
- thereof current	6,814	4,272
Total trade receivables	€ 6,814	€ 4,272

XML

Notes on the Consolidated Balance Sheet (Details 3) - EUR (€) € in Thousands	Dec. 31, 2017	Dec. 31, 2016
Disclosure Of Consolidated Balance Sheet [Abstract]
Deposits	€ 2,119	€ 2,173
Other receivables and assets	1,060	337
- thereof non-current	23	21
- thereof current	3,156	2,489
Other financial assets	€ 3,179	€ 2,510

XML

Notes on the Consolidated Balance Sheet (Details 4) - EUR (€) € in Thousands	Dec. 31, 2017	Dec. 31, 2016
Disclosure Of Consolidated Balance Sheet [Abstract]
Prepaid expenses	€ 2,637	€ 1,663
VAT receivables and deposits	1,204	593
Other receivables and assets	9	46
- thereof non-current	0	0
- thereof current	3,850	2,302
Other assets	€ 3,850	€ 2,302

XML

Notes on the Consolidated Balance Sheet (Details 5) - EUR (€) € in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Disclosure Of Consolidated Balance Sheet [Abstract]
Cash including petty cash	€ 2	€ 3
Bank	8,212	8,061
Total cash and cash equivalents	€ 8,214	€ 8,064	€ 2,987	€ 1,940

XML

Notes on the Consolidated Balance Sheet (Details 6) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Reconciliation of changes in other provisions [abstract]
Balance - January 1	€ 823	€ 189
Acquired	975	30
Utilization	(719)	(147)
Release	0	(45)
Addition	151	796
Reclassifications	(27)	0
Discounting effects	0	0
Balance - December 31	1,176	823
Other current provisions	1,159	806	€ 147
- thereof non-current	17	17	42
Provisions for refunds
Reconciliation of changes in other provisions [abstract]
Balance - January 1	128	95
Acquired	0	0
Utilization	(67)	(94)
Release	0	0
Addition	59	127
Reclassifications	0	0
Discounting effects	0	0
Balance - December 31	120	128
Other current provisions	120	128	95
- thereof non-current	0	0	0
Restructuring provisions
Reconciliation of changes in other provisions [abstract]
Balance - January 1	642	0
Acquired	0	0
Utilization	(642)	0
Release	0	0
Addition	30	642
Reclassifications	0	0
Discounting effects	0	0
Balance - December 31	30	642
Other current provisions	30	642	0
- thereof non-current	0	0	0
Other provisions
Reconciliation of changes in other provisions [abstract]
Balance - January 1	53	94
Acquired	975	30
Utilization	(10)	(53)
Release	0	(45)
Addition	62	27
Reclassifications	(27)	0
Discounting effects	0	0
Balance - December 31	1,026	53
Other current provisions	1,009	36	52
- thereof non-current	€ 17	€ 17	€ 42

XML

Notes on the Consolidated Balance Sheet (Details 7) - EUR (€) € in Thousands	Dec. 31, 2017	Dec. 31, 2016
Disclosure Of Consolidated Balance Sheet [Abstract]
Liabilities from preferred shares	€ 0	€ 26,280
Liabilities from contingent consideration	0	1,295
Payroll liabilities	206	42
Other liabilities	6,309	0
- thereof non-current		26,280
- thereof current	6,515	1,337
Other financial liabilities	€ 6,515	€ 27,617

XML

Notes on the Consolidated Balance Sheet (Details 8) - EUR (€) € in Thousands	Dec. 31, 2017	Dec. 31, 2016
Disclosure Of Consolidated Balance Sheet [Abstract]
VAT payables	€ 98	€ 0
Payroll liabilities	927	714
Other tax liabilities	2,262	2,018
- thereof non-current	0	0
- thereof current	3,287	2,732
Total other liabilities	€ 3,287	€ 2,732

XML

Notes on the Consolidated Balance Sheet (Details 9) - EUR (€) € in Thousands	Dec. 31, 2017	Dec. 31, 2016
Disclosure Of Consolidated Balance Sheet [Abstract]
Deferred income classified as non-current	€ 23	€ 85
Deferred income classified as current	20,354	18,047
Deferred income	€ 20,377	€ 18,132

XML

Notes on the Consolidated Balance Sheet (Detail Textuals) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Useful lives of intangible assets	1 to 4 years
Intangible assets	€ 35,136	€ 9,634	€ 83
Goodwill	€ 23,184	3,324
Period over which management has projected cash flows	next five years
IT hardware
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Value of intangible assets acquired	€ 1,523
Spark Networks, Inc.
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Increase in the amount of goodwill during the period	€ 20,453
Samadhi SAS
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Growth rate used to extrapolate cash flow projections	0.50%
Weighted average cost of capital	8.00%
Remaining CGU's
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Growth rate used to extrapolate cash flow projections	3.00%
Cash generating units, Christian Networks
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Weighted average cost of capital	18.10%
Cash generating units, Jdate USA
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Weighted average cost of capital	18.10%
Cash generating units, Jdate Israel
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Weighted average cost of capital	18.20%
Cash generating units, JSwipe
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Weighted average cost of capital	8.10%
Cash generating units, Other Networks
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Weighted average cost of capital	23.10%
Brands and trademarks | Not internally generated
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Useful lives of intangible assets	20 years or indefinite
Remaining useful lives of intangible assets	10 years
Intangible assets	€ 4,917	2,605	0
Licenses and domains | Not internally generated
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Useful lives of intangible assets	2-5 years
Intangible assets	€ 128	37	60
Software | Internally generated
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Intangible assets	3,503	1,007	0
Software | Not internally generated
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Intangible assets	€ 0	0	23
Other intangible assets | Not internally generated
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Remaining useful lives of intangible assets	1.5 years
Intangible assets	€ 2,314	€ 2,661	€ 0

XML

Notes on the Consolidated Balance Sheet (Detail Textuals 1) - EUR (€) € / shares in Units, € in Thousands		1 Months Ended	12 Months Ended
	Mar. 15, 2018	Sep. 30, 2016	Dec. 31, 2017	Dec. 31, 2016
Subscribed Capital and capital reserve			€ 1,317	€ 25
Decrease in capital reserve due to cash transferred for acquisiton			5,730
Transactions with owners of the company				991
Issuance of new shares			29,499
Affinitas GmbH
Decrease in other financial liabilities due to preferred shares			26,280
Affinitas GmbH | Loan agreement
Value of outstanding bank loans			0	5
Spark Networks Inc
Transactions with owners of the company			€ 120
Share exchange adjustment ratio			€ 0.1
Percentage of outstanding shares acquired			100.00%
Samadhi SAS | Loan termination agreement
Amount of loan early termination fees	€ 300
Interest payable	€ 40
Samadhi SAS | Loan agreement
Notional amount of debt		€ 5,850
Samadhi SAS | Type A loans | Loan termination agreement
Percentage of loan early termination fees	2.00%
Samadhi SAS | Type A loans | Loan agreement
Notional amount of debt		€ 1,850
Borrowings, interest rate		8.00%
Borrowings, maturity		June 30, 2018
Samadhi SAS | Type B loans | Loan termination agreement
Percentage of loan early termination fees	6.75%
Samadhi SAS | Type B loans | Loan agreement
Notional amount of debt		€ 4,000
Borrowings, interest rate		9.00%
Borrowings, maturity		March 31, 2019
Subscribed capital
Subscribed Capital and capital reserve			€ 1,317	€ 25
Increase of issued capital			825
Issuance of new shares			347
Capital reserve | Affinitas GmbH
Decrease in capital reserve due to cash transferred for acquisiton			5,730
Issuance of new shares			€ 29,152
Treasury share reserves
Number of shares issued			23,667
Number of shares deducted from ordinary shares			1,316,886

XML

Financial instruments and risk management (Details) - EUR (€) € in Thousands	Dec. 31, 2017	Dec. 31, 2016
Disclosure of detailed information about financial instruments [line items]
Financial assets	€ 14,846	€ 14,846
Financial liabilities	23,854	39,035
Measured at amortized cost
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	23,854	39,035
Measured at fair value
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	24,288	295
Borrowings
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	5,850	5,850
Borrowings | Measured at amortized cost
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	5,850	5,850
Financial liabilities, at fair value	6,284	5,811
Borrowings | Measured at fair value
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	0	0
Preferred shares treated as financial liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	0	26,280
Preferred shares treated as financial liabilities | Measured at amortized cost
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	0	26,280
Financial liabilities, at fair value	0	26,280
Preferred shares treated as financial liabilities | Measured at fair value
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	0	0
Trade payables
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	11,489	5,568
Trade payables | Measured at amortized cost
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	11,489	5,568
Financial liabilities, at fair value	11,489	5,568
Trade payables | Measured at fair value
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	0	0
Contingent consideration
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	0	295
Contingent consideration | Measured at amortized cost
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	0	0
Financial liabilities, at fair value	0	0
Contingent consideration | Measured at fair value
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	0	295
Deferred consideration payable
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	0	1,000
Deferred consideration payable | Measured at amortized cost
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	0	1,000
Financial liabilities, at fair value	0	1,000
Deferred consideration payable | Measured at fair value
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	0	0
Other liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	6,515	42
Other liabilities | Measured at amortized cost
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	6,515	42
Financial liabilities, at fair value	6,515	42
Other liabilities | Measured at fair value
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	0	0
Other financial liabilities to third parties (current)
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	6,515	1,337
Other financial liabilities to third parties (current) | Measured at amortized cost
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	6,515	1,042
Financial liabilities, at fair value	6,515	1,042
Other financial liabilities to third parties (current) | Measured at fair value
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	0	295
Measured at amortized cost
Disclosure of detailed information about financial instruments [line items]
Financial assets	18,207	14,846
Financial liabilities	23,854	38,740
Measured at fair value
Disclosure of detailed information about financial instruments [line items]
Financial assets, at fair value	18,207	14,846
Financial liabilities, at fair value	24,288	38,701
Deposits
Disclosure of detailed information about financial instruments [line items]
Financial assets	20	18
Deposits | Measured at amortized cost
Disclosure of detailed information about financial instruments [line items]
Financial assets	20	18
Financial assets, at fair value	20	18
Deposits | Measured at fair value
Disclosure of detailed information about financial instruments [line items]
Financial assets	0	0
Other receivables
Disclosure of detailed information about financial instruments [line items]
Financial assets	3	3
Other receivables | Measured at amortized cost
Disclosure of detailed information about financial instruments [line items]
Financial assets	3	3
Financial assets, at fair value	3	3
Other receivables | Measured at fair value
Disclosure of detailed information about financial instruments [line items]
Financial assets	0	0
Other non-current financial assets - third parties
Disclosure of detailed information about financial instruments [line items]
Financial assets	23	21
Other non-current financial assets - third parties | Measured at amortized cost
Disclosure of detailed information about financial instruments [line items]
Financial assets	23	21
Financial assets, at fair value	23	21
Other non-current financial assets - third parties | Measured at fair value
Disclosure of detailed information about financial instruments [line items]
Financial assets	0	0
Trade receivables
Disclosure of detailed information about financial instruments [line items]
Financial assets	6,814	4,272
Trade receivables | Measured at amortized cost
Disclosure of detailed information about financial instruments [line items]
Financial assets	6,814	4,272
Financial assets, at fair value	6,814	4,272
Trade receivables | Measured at fair value
Disclosure of detailed information about financial instruments [line items]
Financial assets	0	0
Deposits current
Disclosure of detailed information about financial instruments [line items]
Financial assets	2,099	2,155
Deposits current | Measured at amortized cost
Disclosure of detailed information about financial instruments [line items]
Financial assets	2,099	2,155
Financial assets, at fair value	2,099	2,155
Deposits current | Measured at fair value
Disclosure of detailed information about financial instruments [line items]
Financial assets	0	0
Other receivables current
Disclosure of detailed information about financial instruments [line items]
Financial assets	1,057	334
Other receivables current | Measured at amortized cost
Disclosure of detailed information about financial instruments [line items]
Financial assets	1,057	334
Financial assets, at fair value	1,057	334
Other receivables current | Measured at fair value
Disclosure of detailed information about financial instruments [line items]
Financial assets	0	0
Other financial assets - third parties (current)
Disclosure of detailed information about financial instruments [line items]
Financial assets	3,156	2,489
Other financial assets - third parties (current) | Measured at amortized cost
Disclosure of detailed information about financial instruments [line items]
Financial assets	3,156	2,489
Financial assets, at fair value	3,156	2,489
Other financial assets - third parties (current) | Measured at fair value
Disclosure of detailed information about financial instruments [line items]
Financial assets	0	0
Cash and cash equivalents
Disclosure of detailed information about financial instruments [line items]
Financial assets	8,214	8,064
Cash and cash equivalents | Measured at amortized cost
Disclosure of detailed information about financial instruments [line items]
Financial assets	8,214	8,064
Financial assets, at fair value	8,214	8,064
Cash and cash equivalents | Measured at fair value
Disclosure of detailed information about financial instruments [line items]
Financial assets	€ 0	€ 0

XML

Financial instruments and risk management (Details 1) € in Thousands	12 Months Ended
	Dec. 31, 2017 EUR (€)
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	€ 39,035
Cash related changes from operating activities	(509)
Cash related changes from financing activities	(1,005)
Cash related changes from investing activities	(295)
Non-Cash related changes Changes in Consolidation Group	1,176
Non-Cash related changes Changes in interest expenses	509
Non-Cash related changes Other changes	(20,978)
Financial liabilities	23,854
Borrowings
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	5,850
Cash related changes from operating activities	(509)
Cash related changes from financing activities	0
Cash related changes from investing activities	0
Non-Cash related changes Changes in Consolidation Group	0
Non-Cash related changes Changes in interest expenses	509
Financial liabilities	5,850
Preferred shares treated as financial liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	26,280
Cash related changes from operating activities	0
Cash related changes from financing activities	0
Cash related changes from investing activities	0
Non-Cash related changes Changes in Consolidation Group	0
Non-Cash related changes Other changes	(26,280)
Financial liabilities	0
Contingent consideration
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	295
Cash related changes from operating activities	0
Cash related changes from financing activities	0
Cash related changes from investing activities	(295)
Non-Cash related changes Changes in Consolidation Group	0
Non-Cash related changes Other changes	0
Financial liabilities	0
Deferred consideration payable
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	1,000
Cash related changes from operating activities	0
Cash related changes from financing activities	(1,000)
Cash related changes from investing activities	0
Non-Cash related changes Changes in Consolidation Group	0
Non-Cash related changes Other changes	0
Financial liabilities	0
Other liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	42
Cash related changes from operating activities	0
Cash related changes from financing activities	(5)
Cash related changes from investing activities	0
Non-Cash related changes Changes in Consolidation Group	1,176
Non-Cash related changes Other changes	5,302
Financial liabilities	6,515
Other financial liabilities to third parties (current)
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	1,337
Cash related changes from operating activities	0
Cash related changes from financing activities	(1,005)
Cash related changes from investing activities	(295)
Non-Cash related changes Changes in Consolidation Group	1,176
Non-Cash related changes Other changes	5,302
Financial liabilities	€ 6,515

XML

Financial instruments and risk management (Details 2) - EUR (€) € in Thousands	Dec. 31, 2017	Dec. 31, 2016
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	€ 14,846	€ 14,846
Deposits
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	2,119	334
Other receivables
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	1,060	2,155
Other financial assets
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	3,179	2,489
Trade receivables
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	6,814	4,272
Financial asset
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	9,993	6,761
Thereof neither past due nor impaired | Deposits
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	2,119	334
Thereof neither past due nor impaired | Other receivables
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	1,060	2,155
Thereof neither past due nor impaired | Other financial assets
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	3,179	2,489
Thereof neither past due nor impaired | Trade receivables
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	6,040	3,206
Thereof neither past due nor impaired | Financial asset
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	9,219	5,590
Thereof past due as of the reporting date and impaired
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	774	1,066
Thereof past due as of the reporting date and impaired | Deposits
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	0	0
Thereof past due as of the reporting date and impaired | Other receivables
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	0	0
Thereof past due as of the reporting date and impaired | Other financial assets
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	0	0
Thereof past due as of the reporting date and impaired | Trade receivables
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	774	1,066
Thereof past due as of the reporting date and impaired | Financial asset
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	€ 774	€ 1,066

XML

Financial instruments and risk management (Details 3) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Disclosure of financial assets that are either past due or impaired [line items]
Balance	€ 1,066
Balance	774	€ 1,066
Trade receivables
Disclosure of financial assets that are either past due or impaired [line items]
Balance	1,066	912
Impairment loss recognized	4,102	4,073
Amounts written off	(4,394)	(3,919)
Balance	€ 774	€ 1,066

XML

Financial instruments and risk management (Details 4) - EUR (€) € in Thousands	Dec. 31, 2017	Dec. 31, 2016
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	€ 23,854	€ 39,035
Borrowings
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	5,850	5,850
Preferred shares treated as financial liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	0	26,280
Trade payables
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	11,489	5,568
Contingent consideration
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	0	295
Deferred consideration payable
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	0	1,000
Other liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	6,515	42
Liquidity risk
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	23,854	39,035
Liquidity risk | Borrowings
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	5,850	5,850
Liquidity risk | Preferred shares treated as financial liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities		26,280
Liquidity risk | Trade payables
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	11,489	5,568
Liquidity risk | Contingent consideration
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities		295
Liquidity risk | Other current financial liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	6,515	1,337
Liquidity risk | Deferred consideration payable
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities		1,000
Liquidity risk | Other liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities		42
Liquidity risk | Aggregate contractual cash flow
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	24,288	14,062
Liquidity risk | Aggregate contractual cash flow | Borrowings
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	6,284	7,157
Liquidity risk | Aggregate contractual cash flow | Preferred shares treated as financial liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities		0
Liquidity risk | Aggregate contractual cash flow | Trade payables
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	11,489	5,568
Liquidity risk | Aggregate contractual cash flow | Contingent consideration
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities		295
Liquidity risk | Aggregate contractual cash flow | Other current financial liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	6,515	1,337
Liquidity risk | Aggregate contractual cash flow | Deferred consideration payable
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities		1,000
Liquidity risk | Aggregate contractual cash flow | Other liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities		42
Liquidity risk | Not later than one year
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	24,288	7,418
Liquidity risk | Not later than one year | Borrowings
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	6,284	513
Liquidity risk | Not later than one year | Preferred shares treated as financial liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities		0
Liquidity risk | Not later than one year | Trade payables
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	11,489	5,568
Liquidity risk | Not later than one year | Contingent consideration
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities		295
Liquidity risk | Not later than one year | Other current financial liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	6,515	1,337
Liquidity risk | Not later than one year | Deferred consideration payable
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities		1,000
Liquidity risk | Not later than one year | Other liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities		42
Liquidity risk | 1-5 years
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	0	6,644
Liquidity risk | 1-5 years | Borrowings
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	0	6,644
Liquidity risk | 1-5 years | Preferred shares treated as financial liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities		0
Liquidity risk | 1-5 years | Trade payables
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	0	0
Liquidity risk | 1-5 years | Contingent consideration
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities		0
Liquidity risk | 1-5 years | Other current financial liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	0	0
Liquidity risk | 1-5 years | Deferred consideration payable
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities		0
Liquidity risk | 1-5 years | Other liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities		0
Liquidity risk | More than 5 years
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	0	0
Liquidity risk | More than 5 years | Borrowings
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	0	0
Liquidity risk | More than 5 years | Preferred shares treated as financial liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities		0
Liquidity risk | More than 5 years | Trade payables
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	0	0
Liquidity risk | More than 5 years | Contingent consideration
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities		0
Liquidity risk | More than 5 years | Other current financial liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities	€ 0	0
Liquidity risk | More than 5 years | Deferred consideration payable
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities		0
Liquidity risk | More than 5 years | Other liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Financial liabilities		€ 0

XML

Financial instruments and risk management (Details 5) - Currency risk - EUR (€) € in Thousands	Dec. 31, 2017	Dec. 31, 2016
EUR
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	€ (8,535)	€ (23,229)
EUR | Borrowings
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	(5,850)	(5,855)
EUR | Preferred shares treated as financial liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments		(26,280)
EUR | Trade payables
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	(6,711)	(2,798)
EUR | Other financial liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	(5,905)	(1,337)
EUR | Trade receivables
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	5,738	3,645
EUR | Other financial assets
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	2,355	2,489
EUR | Cash and cash equivalents
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	1,838	6,907
USD
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	2,434	(480)
USD | Borrowings
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	0	0
USD | Preferred shares treated as financial liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments		0
USD | Trade payables
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	(4,883)	(1,344)
USD | Other financial liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	(415)	0
USD | Trade receivables
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	924	268
USD | Other financial assets
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	240	0
USD | Cash and cash equivalents
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	6,568	596
GBP
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	77	(454)
GBP | Borrowings
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	0	0
GBP | Preferred shares treated as financial liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments		0
GBP | Trade payables
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	(80)	(1,280)
GBP | Other financial liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	0	0
GBP | Trade receivables
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	110	319
GBP | Other financial assets
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	0	0
GBP | Cash and cash equivalents
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	47	507
AUD
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	201	0
AUD | Borrowings
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	0	0
AUD | Trade payables
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	(178)	0
AUD | Other financial liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	0	0
AUD | Trade receivables
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	132	0
AUD | Other financial assets
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	0	0
AUD | Cash and cash equivalents
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	247	0
CAD
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	(27)	0
CAD | Borrowings
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	0	0
CAD | Trade payables
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	(620)	0
CAD | Other financial liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	0	0
CAD | Trade receivables
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	143	0
CAD | Other financial assets
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	0	0
CAD | Cash and cash equivalents
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	450	€ 0
ILS
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	2,663
ILS | Borrowings
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	0
ILS | Trade payables
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	(343)
ILS | Other financial liabilities
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	(1,099)
ILS | Other financial assets
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	2,500
ILS | Cash and cash equivalents
Disclosure of nature and extent of risks arising from financial instruments [line items]
Exposure to currency risk associated with instruments	€ 1,605

XML

Financial instruments and risk management (Details 6) € in Thousands, ₪ in Thousands, £ in Thousands, $ in Thousands, $ in Thousands, $ in Thousands		12 Months Ended
		Dec. 31, 2017 EUR (€)	Dec. 31, 2017 USD ($)	[2]	Dec. 31, 2017 GBP (£)	[4]	Dec. 31, 2017 AUD ($)	Dec. 31, 2017 CAD ($)	Dec. 31, 2017 ILS (₪)	Dec. 31, 2016 EUR (€)	Dec. 31, 2016 USD ($)	[3]	Dec. 31, 2016 GBP (£)	[5]	Dec. 31, 2015 EUR (€)	Dec. 31, 2015 USD ($)	[2]	Dec. 31, 2015 GBP (£)	[6]
EUR
Disclosure of detailed information about financial instruments [line items]
Effects Of Foreign Exchange Rate Profit Or Loss Strengthening | €	[1]	€ 0								€ 0					€ 0
Effects Of Foreign Exchange Rate Profit Or Loss Weakening | €	[1]	€ 0								€ 0					€ 0
USD
Disclosure of detailed information about financial instruments [line items]
Effects Of Foreign Exchange Rate Profit Or Loss Strengthening			$ (335)								$ 62					$ 247
Effects Of Foreign Exchange Rate Profit Or Loss Weakening			$ 335								$ 34					$ 58
GBP
Disclosure of detailed information about financial instruments [line items]
Effects Of Foreign Exchange Rate Profit Or Loss Strengthening | £					£ (3)								£ (77)					£ 350
Effects Of Foreign Exchange Rate Profit Or Loss Weakening | £					£ 3								£ (254)					£ 268
AUD
Disclosure of detailed information about financial instruments [line items]
Effects Of Foreign Exchange Rate Profit Or Loss Strengthening	[7]						$ (10)
Effects Of Foreign Exchange Rate Profit Or Loss Weakening	[7]						$ 10
CAD
Disclosure of detailed information about financial instruments [line items]
Effects Of Foreign Exchange Rate Profit Or Loss Strengthening	[6]							$ 2
Effects Of Foreign Exchange Rate Profit Or Loss Weakening	[6]							$ (2)
NIS
Disclosure of detailed information about financial instruments [line items]
Effects Of Foreign Exchange Rate Profit Or Loss Strengthening | ₪	[3]								₪ (76)
Effects Of Foreign Exchange Rate Profit Or Loss Weakening | ₪	[3]								₪ 76

[1] (0% movement)

[2] (12% movement)

[3] (3% movement)

[4] (4% movement)

[5] (14% movement)

[6] (6% movement)

[7] (5% movement)

XML

Financial instruments and risk management (Details 7) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Disclosure of detailed information about financial instruments [abstract]
Cash and cash equivalents (Note 5.7)	€ 8,214	€ 8,064	€ 2,987	€ 1,940
Percentage of change in interest rates	1.00%
Increase or decrease in equity due to change in interest rates	€ 0	€ 10

XML

Other Information (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Other Information [Abstract]
Short-term benefits	€ 693	€ 481	€ 147
Other employee benefits	0	25	0
Post-employment benefits	0	0	24
Share-based payments	1,522	884	599
Total compensation	€ 2,215	€ 1,390	€ 770

XML

Other Information (Details 1) - EUR (€) € in Thousands	Dec. 31, 2017	Dec. 31, 2016
Disclosure of finance lease and operating lease by lessee [line items]
Future minimum lease payments under non-cancellable operating lease	€ 2,591	€ 1,203
Less than one year
Disclosure of finance lease and operating lease by lessee [line items]
Future minimum lease payments under non-cancellable operating lease	1,220	389
Between one and five years
Disclosure of finance lease and operating lease by lessee [line items]
Future minimum lease payments under non-cancellable operating lease	1,371	814
More than five years
Disclosure of finance lease and operating lease by lessee [line items]
Future minimum lease payments under non-cancellable operating lease	€ 0	€ 0

XML

Other Information (Detail Textuals) $ / shares in Units, € in Thousands, $ in Thousands		12 Months Ended
	Aug. 09, 2016 USD ($)	Dec. 31, 2017 EUR (€) Agreement	Dec. 31, 2016 EUR (€)	Dec. 31, 2015 EUR (€)	Dec. 31, 2017 USD ($)	Aug. 31, 2016 $ / shares shares
Purchase agreement PEAK6
Disclosure of transactions between related parties [line items]
Number of share issued | shares						5,000,000
Share issued price per share | shares						1.55
Warrant issued to purchase number of common stock | shares						7,500,000
Exercise Price Of Warrants Or Rights | $ / shares						$ 1.74
Management services agreement peak6
Disclosure of transactions between related parties [line items]
Professional fees for the services rendered | $	$ 1,500
Quarterly amount of management fee | $	$ 375
Term of agreement	5 years
Affinitas GmbH | Affinitas and rocket internet se agreement
Disclosure of transactions between related parties [line items]
Number of Agreements | Agreement		2
Professional fees for the services rendered		€ 13	€ 22	€ 36
Professional fees payable		€ 5	0
Entities with joint control or significant influence over entity
Disclosure of transactions between related parties [line items]
Percentage of share held by Rocket Internet SE		25.00%
Stakeholders and officers of affinitas | Loan agreement
Disclosure of transactions between related parties [line items]
Amount of loan		€ 5,850	5,850
Interest incurred on loan		130	€ 130
MLLNNL LLC
Disclosure of transactions between related parties [line items]
Professional fees for the services rendered		50
Peak6 | Management services agreement peak6
Disclosure of transactions between related parties [line items]
Consideration for the termination of agreement		€ 2,000			$ 2,400

XML

Other Information (Detail Textuals 1) € in Thousands	12 Months Ended
	Dec. 31, 2016 EUR (€)
Affinitas GmbH | Non executive directors
Disclosure of transactions between related parties [line items]
Amount transfer and repaid by executives	€ 25

XML

Other Information (Detail Textuals 2) € in Millions, ₪ in Millions, $ in Millions	Dec. 01, 2017 EUR (€)	Dec. 01, 2017 USD ($)	Dec. 31, 2017 EUR (€)	Dec. 31, 2017 USD ($)	Dec. 31, 2017 ILS (₪)
Upmarket and spark networks israel Ltd
Disclosure of contingent liabilities [line items]
Provision for settlement cost			€ 0.3		₪ 1.1
Legal proceedings contingent liability | Attorneys from city of santa monica and offices of district attorney
Disclosure of contingent liabilities [line items]
Civil penalties, restitution to consumers, investigative costs and legal fees	€ 1.3	$ 1.6
Provision for settlement cost			€ 0.9	$ 1.1

XML

Other Information (Detail Textuals 3) - Termination of loan agreement - EUR (€) € in Thousands	Mar. 15, 2018	Mar. 28, 2018
Line of credit | Spark networks and silicon valley bank senior facilities agreement
Disclosure of non-adjusting events after reporting period [line items]
Credit facility		€ 25,000
Term loan | Spark networks and silicon valley bank senior facilities agreement
Disclosure of non-adjusting events after reporting period [line items]
Credit facility		15,000
Revolving credit facilities | Spark networks and silicon valley bank senior facilities agreement
Disclosure of non-adjusting events after reporting period [line items]
Credit facility		€ 10,000
Spark networks services Gmbh
Disclosure of non-adjusting events after reporting period [line items]
Aggregate principal amount of loan	€ 5,850
Early termination fee	300
Interest on the loans	€ 40
Spark networks services Gmbh | Type A loans
Disclosure of non-adjusting events after reporting period [line items]
Interest rate on loan	8.00%
Maturity date	June 30, 2018
Aggregate principal amount of loan	€ 1,850
Percentage of repaid principal amount	2.00%
Spark networks services Gmbh | Type B loans
Disclosure of non-adjusting events after reporting period [line items]
Interest rate on loan	9.00%
Maturity date	March 31, 2019
Aggregate principal amount of loan	€ 4,000
Percentage of repaid principal amount	6.75%

XML

Other Information (Detail Textuals 4) - EUR (€)	1 Months Ended
	Jun. 29, 2018	Mar. 30, 2018	Mar. 28, 2018
Disclosure of non-adjusting events after reporting period [line items]
Term Loan Facility amortizes in equal quarterly installments	€ 938,000
Termination of loan agreement | Spark networks and silicon valley bank senior facilities agreement
Disclosure of non-adjusting events after reporting period [line items]
Commitment fee			0.60%
Termination of loan agreement | Line of credit
Disclosure of non-adjusting events after reporting period [line items]
Additional incremental facilities in an aggregate amount			€ 35,000,000
Interest rate on borrowings under the Facilities			Equal to LIBOR for deposits in the applicable currency plus an applicable margin ranging from 2.5% to 3.0
Termination of loan agreement | Line of credit | Spark networks and silicon valley bank senior facilities agreement
Disclosure of non-adjusting events after reporting period [line items]
Credit facility			€ 25,000,000
Termination of loan agreement | Term loan | Spark networks and silicon valley bank senior facilities agreement
Disclosure of non-adjusting events after reporting period [line items]
Credit facility			15,000,000
Applicable margin		2.50%
Termination of loan agreement | Revolving credit facilities | Spark networks and silicon valley bank senior facilities agreement
Disclosure of non-adjusting events after reporting period [line items]
Credit facility			€ 10,000,000