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Interim Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating activities        
Profit/(loss) for the period, net of tax $ 29,327 $ (20,010) $ 52,738 $ (31,798)
Adjustments for:        
Depreciation and amortization 2,150 609 3,617 1,068
Share-based payments expense 964 315 2,029 705
Share of loss of equity-accounted associates 3,296   1,640  
Expected credit losses 3,527   3,859  
Property and equipment write-off     313  
Impairment of intangible assets 241   241  
Change in fair value of share warrant obligations (576)   (7,268)  
Unwinding of discount on the put option liability 34   101  
Interest income (235)   (334)  
Interest expense 34 26 77 50
Foreign exchange loss/(gain) (2) (723) 779 1,078
Income tax expense 1,340 370 2,092 554
Adjustments to reconcile profit (loss) 40,100 (19,413) 59,884 (28,343)
Changes in working capital:        
Decrease/(increase) in deferred platform commissions 8,462 (10,110) 11,093 (15,665)
(Decrease)/increase in deferred revenue (14,674) 44,849 (13,374) 71,722
(Increase)/decrease in trade and other receivables 842 (18,299) (2,128) (31,602)
(Increase)/decrease in trade and other receivables (13,558) (4,782) (15,768) 14,721
Cash flows from (used in) operations (18,928) 11,658 (20,177) 39,176
Income tax paid (76) 34 (202) (30)
Net cash flows generated/(used) from operating activities 21,096 (7,721) 39,505 10,803
Investing activities        
Acquisition of intangible assets (100) (32) (107) (90)
Acquisition of property and equipment (11) (323) (516) (449)
Acquisition of subsidiary net of cash acquired   (23) (50,022) (1,240)
Investments in equity accounted associates 1,586   (15,000)  
Loans granted (7,850) (282) (17,786) (282)
Proceeds from repayment of loans 125   125 8
Net cash flows used in investing activities (6,250) (660) (83,306) (2,053)
Financing activities        
Payments of lease liabilities (804) (390) (1,438) (940)
Proceeds from borrowings 165 (49) 165 (49)
Interest on lease (36) (26) (77) (50)
Dividends paid and distribution to shareholders   (50,230)   (50,534)
Net cash flows used in financing activities (675) (50,695) (1,350) (51,573)
Net (decrease)/increase in cash and cash equivalents for the period 14,171 (59,076) (45,151) (42,823)
Cash and cash equivalents at the beginning of the period 83,704 99,912 142,802 84,557
Effect of changes in exchange rates on cash held 1,202 62 1,426 (836)
Cash and cash equivalents at the end of the period $ 99,077 $ 40,898 $ 99,077 $ 40,898