XML 28 R5.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Loss for the year, net of tax $ (117,444) $ (751) $ (35,526)
Adjustments for:      
Depreciation and amortization 2,540 561 286
Share-based payments expense 3,761 2,276 6,462
Share listing expense 125,438    
Gain on acquisition (79)    
Expected credit losses 92    
Change in fair value of share warrant obligations (10,080)    
Interest expense 91 38 84
Foreign exchange loss/(gain) 2,809 (1,991) (411)
Income tax expense 1,127 862 7
Adjustments to reconcile profit (loss) 8,255 995 (29,098)
Changes in working capital:      
Increase in deferred platform commissions (26,946) (52,465) (23,448)
Increase in deferred revenue 127,899 184,603 75,099
Increase in trade and other receivables (12,682) (7,490) (20,443)
Increase/(decrease) in trade and other payables 9,600 (1,060) 13,044
Cash flows from (used in) operations 97,871 123,588 44,252
Income tax paid (617) (3,978) (200)
Interest received 7 19  
Net cash flows generated from operating activities 105,516 120,624 14,954
Investing activities      
Acquisition of intangible assets (338)   (83)
Acquisition of property and equipment (1,099) (147) (19)
Acquisition of subsidiary net of cash acquired (1,159)    
Loans granted (123)   (338)
Proceeds from repayment of loans   508 95
Net cash flows generated from/(used in) investing activities (2,719) 361 (345)
Financing activities      
Payments of lease liabilities (2,132) (341) (31)
Interest on lease (90) (26)  
Proceeds from borrowings     6,500
Repayment of borrowings (49) (3,980) (2,418)
Interest paid   (17) (85)
Dividends paid and distributions to shareholders (160,366) (51,683) (4,122)
Cash acquired in the Transaction 119,659    
Net cash flows used in financing activities (42,978) (56,047) (156)
Net increase in cash and cash equivalents for the year 59,819 64,938 14,453
Cash and cash equivalents at the beginning of the year 84,557 17,565 3,073
Effect of changes in exchange rates on cash held (1,574) 2,054 39
Cash and cash equivalents at the end of the year $ 142,802 $ 84,557 $ 17,565