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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Profit/(loss) for the year, net of tax $ 46,115 $ 7,410 $ (117,444)
Adjustments for:      
Depreciation and amortization 6,276 6,901 2,540
Share-based payments expense 2,032 3,751 3,761
Goodwill and Investments in equity accounted associates impairment   62,828  
Share listing expense     125,438
Income from share option forfeiture and cancellation (609)    
Share of loss of equity-accounted associates 515 10,121  
Impairment loss on trade and loan receivables and change in fair value of loans receivable 5,919 29,987 102
Property and equipment write-off   454  
Impairment of intangible assets   547  
Change in fair value of share warrant obligations and other financial instruments (10,946) (2,767) (10,080)
Change in fair value of other investments 115    
Unwinding of discount on the put option liability 129 366  
Transaction costs   104  
Trade and loan receivables write-off 119 81  
Interest income (4,017) (1,639)  
Interest expense 61 116 91
Lease modification gain/(loss) 33 (11)  
Gain on acquisition of subsidiaries     (79)
Loss on sale of subsidiaries   4,969  
Dividend income (1,231) (231)  
Foreign exchange loss 3,395 1,020 2,809
Income tax expense 3,879 3,760 1,127
Total cash flows from operations before changes in working capital 51,785 127,767 8,265
Changes in working capital:      
Decrease/(increase) in deferred platform commissions 20,686 21,851 (26,946)
(Decrease)/increase in deferred revenue (42,917) (30,242) 127,899
Increase in trade and other receivables (9,880) (4,498) (12,682)
Decrease)/increase in trade and other payables (632) 2,282 9,600
Cash flows from (used in) operations (32,743) (10,607) 97,871
Income tax paid (1,088) (1,078) (617)
Interest received     7
Net cash flows generated from operating activities 17,954 116,082 105,526
Investing activities      
Acquisition of intangible assets (16) (64) (338)
Acquisition of property and equipment (739) (994) (1,099)
Acquisition of subsidiary net of cash acquired   (54,113) (1,159)
Investments in equity accounted associates (515) (17,970)  
Loans granted (1,933) (31,659) (123)
Proceeds from repayment of loans 969 746  
Acquisition of other investments (107,159) (67,729)  
Proceeds from redemption of investments 75,484    
Interest received 368    
Dividends received 1,078    
Net cash flows used in investing activities (32,463) (171,783) (2,719)
Financing activities      
Payments of lease liabilities (1,892) (2,013) (2,132)
Proceeds from loans receivable   224  
Repayment of borrowings     (49)
Payments of interest non-lease (56) (115) (90)
Dividends paid and distribution to shareholders     (160,366)
Cash acquired in the Transaction     119,659
Net cash flows used in financing activities (1,948) (1,904) (42,978)
Net (decrease)/increase in cash and cash equivalents for the year (16,457) (57,605) 59,829
Cash at the beginning of the year 86,774 142,802 84,557
Effect of changes in exchange rates on cash held 1,481 1,577 (1,584)
Cash at the end of the year $ 71,798 $ 86,774 $ 142,802