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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Loss before Income tax $ (231,290) $ (226,463) $ (180,732)
Depreciation and amortization of tangible and intangible assets 11,646 9,656 9,282
Impairment losses on loans, receivables and other assets 6,008 2,011 5,028
Impairment losses on obsolete inventories 1,947 416 539
Share-based payment expense 8,240 34,548 24,710
Net (gain)/loss from disposal of tangible and intangible assets 35 180 (19)
Change in provision for liabilities and other charges 473 (243) 6,226
Lease modification (income)/expense 23 (37) (66)
Interest (income)/expense (2,721) (996) 700
Discounting effect (income) / expense 486 0 0
Net foreign exchange (gain)/loss 5,517 (7,656) 12,118
Net (gain)/loss on financial instruments at fair value through profit or loss 7,167 998 0
Impairment losses / (reversals) on financial assets at fair value through OCI (35) 88 0
Net (gain)/loss recognized on disposal of debt instruments held at fair value through OCI 2,290 0 0
Share-based payment expense - settlement (444) (1,237) 0
(Increase)/Decrease in trade and other receivables, prepaid expenses and other tax receivables (39,526) (3,017) 6,120
(Increase)/Decrease in inventories (4,036) (3,751) 2,007
Increase/(Decrease) in trade and other payables, deferred income and other tax payables (3,099) 26,341 2,951
Income taxes paid (2,859) (2,017) (1,253)
Net cash flows used in operating activities (240,178) (171,179) (112,389)
Cash flows from investing activities      
Purchase of property and equipment (11,147) (7,166) (2,279)
Proceeds from sale of property and equipment 11 22 24
Purchase of intangible assets 0 (19) (595)
Interest received 4,762 2,602 883
Movement in other non-current assets (1,586) (683) 57
Movement in term deposits and other financial assets 220,207 (399,566) 68,862
Net cash flows (used in) / from investing activities 212,247 (404,810) 66,952
Cash flows from financing activities      
Interest settled - financing (41) (74) (39)
Payment of lease interest (1,496) (1,543) (1,520)
Repayment of lease liabilities (7,170) (5,072) (4,570)
Equity transaction costs (79) (7,779) (12,776)
Capital Contributions 0 348,646 243,202
Proceeds from exercise of stock options 26 68 747
Net cash flows (used in) / from financing activities (8,760) 334,246 225,044
Net (decrease)/increase in cash and cash equivalents (36,691) (241,743) 179,607
Effect of exchange rate changes on cash and cash equivalents (8,820) (15,098) 3,645
Cash and cash equivalents at the beginning of the period 117,090 373,931 190,679
Cash and cash equivalents at the end of the period $ 71,579 $ 117,090 $ 373,931