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Consolidated Cash Flow Statements - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES      
LOSS FOR THE YEAR $ (13,875) $ (18,790) $ (92,253)
Adjustments for:      
Taxation expense (benefit) (9,015) (861) (2,031)
Depreciation and amortization 18,846 10,208 26,180
Share-based payments 2,164 2,015 4,415
Interest income (375) (631) (256)
Interest expense 567 266 201
Impairment of goodwill 50,322
Loss on sale of computer equipment 432 82 56
Loss on disposal of PVMG assets 3,858
Foreign exchange losses (1,495) 66 3
Remeasurement of deferred consideration (3,119)
OPERATING CASH FLOWS BEFORE MOVEMENTS IN WORKING CAPITAL (5,870) (3,787) (13,363)
Decrease / (Increase) in trade and other receivables 25,095 (11,991) 18,350
(Decrease) / Increase in trade and other payables (17,691) 7,507 (14,891)
(Decrease) / Increase in provisions (1,223) 1,704 (490)
Net Cash Flows From (Used In) Operations 311 (6,567) (10,394)
Income taxes (paid) / refund received (1,047) 185 4,182
NET CASH USED IN OPERATING ACTIVITIES (736) (6,382) (6,212)
CASH FLOWS FROM INVESTING ACTIVITIES      
Interest received 375 631 256
Purchase of property, plant and equipment (1,019) (2,394) (741)
Expenditure on development (6,592) (3,266) (4,353)
Purchase of marketable securities (631) (60,245)
Payment of deferred acquisition consideration (499) (5,000)
Proceeds from the sale of computer equipment 4
Proceeds from the sale of the assets of PVMG 1,064
Proceeds from the sale of marketable securities 55,874 5,002
YuMe Acquisition, net of cash acquired (19,082)
Acquisitions, net of cash acquired (4,489)
Perk acquisition, net of cash acquired 10,229
NET CASH FROM / (USED IN) INVESTING ACTIVITIES 25,067 10,136 (70,079)
CASH FLOWS FROM FINANCING ACTIVITIES      
Payments on finance lease (2,125) (1,050) (1,080)
Interest payments (485) (187) (198)
Repayment of credit facility (14,431) (1,507)
Proceeds from term loan 35,000
Funding of collateral related to term loan (35,000)
Proceeds from credit facility 10,000
Debt issuance cost paid (621)
Proceeds from issuance of shares 933 159 64
NET CASH USED IN FINANCING ACTIVITIES (6,729) (2,585) (1,214)
Net increase / (decrease) in cash and cash equivalents 17,602 1,169 (77,505)
Beginning cash and cash equivalents 19,338 18,222 95,734
Effect of foreign exchange on cash and cash equivalents 391 (53) (7)
ENDING CASH AND CASH EQUIVALENTS $ 37,331 $ 19,338 $ 18,222