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Consolidated Statement of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows used in operating activities      
Loss for the year $ (1,304,381,000) $ (95,447,000) $ (53,841,000)
Adjustments for:      
Depreciation/Amortization 24,337,000 11,071,000 5,340,000
Impairment losses and write -offs 39,378,000 456,000 5,566,000
Net unrealized foreign exchange differences (4,628,000) 47,000 118,000
Net finance expense (3,000) 2,500,000 2,826,000
Change in fair value of warrants (122,299,000) 0 0
Listing expense 1,168,515,000 0 0
Change in fair value of embedded derivatives (33,900,000) 0 0
Fair value movement on employee loans including fair value charge for the new employee loans issued on September 30, 2021 6,038,000 0 0
Reversal of difference between fair value and nominal value of loans repaid (1,906,000) 0 0
Employee share scheme 2,668,000 10,697,000 0
Profit on disposal of fixed assets 462,000 0 (607,000)
Profit from the modification of lease (1,298,000) (1,189,000) (72,000)
Deferred taxes 3,277,000 1,859,000 (73,000)
Tax income 4,238,000 (22,278,000) (7,684,000)
Cash flows used in operations before working capital changes (219,502,000) (92,284,000) (48,427,000)
(Increase) in trade and other receivables (76,964,000) (5,213,000) (5,377,000)
Increase in trade and other payables 28,149,000 11,167,000 10,430,000
(Increase) of inventory (12,345,000) (7,100,000) (3,821,000)
Cash flows used in operations (280,662,000) (93,430,000) (47,195,000)
Income tax and other taxes received 7,548,000 4,712,000 7,806,000
Interest received 106,000 27,000 57,000
Net cash used in operating activities (273,008,000) (88,691,000) (39,332,000)
Cash flows from investing activities      
Acquisition of intangible assets (213,745,000) (92,585,000) (43,081,000)
Acquisition of property, plant and equipment (77,523,000) (11,339,000) (6,777,000)
Grants received 334,000 1,224,000 945,000
Prepayments for tangible and intangible assets (21,952,000) (19,900,000) (5,199,000)
Cash received on acquisition of entities, net of consideration paid 0 130,000 544,000
Proceeds from the sale of fixed assets 327,000 7,000 0
Loans granted to employees (186,000) 0 0
Proceeds from loans to employees 161,000 0 (549,000)
Net cash used in investing activities (312,584,000) (122,463,000) (54,117,000)
Cash flows from financing activities      
Cash received from merger with CIIG (631,297,000) 0 0
Issuance of shares to warrant holders 140,599,000 0 0
Cash paid for redemption of public warrants 7,000 0 0
Proceed from the issuance of new shares 335,636,000 0 0
Proceeds from the issuance of convertible notes net of cost 309,550,000 0 0
Issuance of Preferred A shares 0 188,576,000 111,900,000
Proceeds from exercise of employee share option plan 1,383,000 0 0
Contribution of Kinetik to the share premium of the Company without the issuance of any shares 0 0 91,560,000
Proceeds from borrowings 0 14,182,000 0
Repayment of borrowings 0 (14,182,000) 0
Repayment of interest (322,000) (59,000) 0
Repayment of lease liabilities (12,927,000) (7,679,000) (3,680,000)
Net cash from financing activities 1,405,209,000 180,838,000 199,780,000
Net increase/(decrease) in cash and cash equivalents 819,617,000 (30,316,000) 106,331,000
Cash and cash equivalents at January 1 82,314,000 108,575,000 1,206,000
Effects of movements in exchange rates on cash held (1,325,000) 4,055,000 1,038,000
Cash and cash equivalents at December 31 $ 900,606,000 $ 82,314,000 $ 108,575,000