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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities    
Net income for the period $ 11,889 $ 7,792
Adjustments for:    
Depreciation of property and equipment 1,211 981
Amortization of right-of-use assets 1,164  
Amortization of intangible assets 2,293 2,383
Unrealized foreign exchange loss (gain) 394 (960)
Equity-settled share-based payment transactions 5,172 4,381
Finance costs 211  
Deferred income tax expense 969 279
Loss (gain) on derivative contracts designated as cash flow hedges 1,106 (1,387)
Changes in cash held in trust and restricted cash balance (2,034)  
Changes in non-cash balances related to operations 2,200 6,552
Interest paid (211)  
Net cash provided by operating activities 24,364 20,021
Cash flows from investing activities    
Acquisition of property and equipment (1,231) (1,204)
Additions to intangible assets (1,147) (1,070)
Net cash used in investing activities (2,378) (2,274)
Cash flows from financing activities    
Payment of lease liabilities (1,229)  
Proceeds from exercise of share options 21 351
Shares repurchased and cancelled (10,258) (7,657)
Purchase of share capital held in trust (6,350) (3,062)
Taxes paid on net settlement of RSUs (3,122) (2,722)
Net cash used in financing activities (20,938) (13,090)
Effect of exchange rate fluctuations on cash held (214) 960
Net increase in cash and cash equivalents 834 5,617
Cash and cash equivalents at beginning of the period 69,131 63,514
Cash and cash equivalents at end of the period 69,965 69,131
Interest Received 930 595
Taxes Received   110
Taxes Paid $ (1,601) $ (2,838)