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Financial instruments - fair values and risk management (Tables)
12 Months Ended
Dec. 31, 2023
Financial instruments - fair values and risk management.  
Schedule of financial assets

​

​

​

​

​

​

​

​

December 31, 

​

December 31, 

​

​

2023

​

2022

Financial assets at amortized cost

​

  

​

  

Trade receivables

 

45,442

 

41,874

Cash

 

71,798

 

86,774

Loans receivable

 

148

 

3,834

Other investments - current

​

69,427

​

35,547

Total

​

186,815

 

168,029

​

​

​

​

​

​

​

​

December 31, 

​

December 31, 

​

 

2023

 

2022

Financial assets measured at fair value

 

  

 

  

Other investments - current - fair value through profit or loss - Level 1

 

14,809

 

14,818

Other investments - non-current - fair value through other comprehensive income - Level 1

 

3,242

 

2,969

Other investments - non-current - fair value through profit or loss - Level 1

​

14,832

​

14,934

Total

 

32,883

 

32,721

Schedule of financial liabilities

​

​

​

​

​

​

​

​

December 31, 

​

December 31, 

​

​

2023

​

2022

Financial liabilities not measured at fair value

 

  

 

  

Trade and other payables -Level 1

 

30,303

 

30,521

Total

​

30,303

 

30,521

​

​

​

​

​

​

​

    

December 31, 

    

December 31, 

​

​

2023

​

2022

Financial liabilities measured at fair value

 

  

 

  

Put option liability - Level 3

​

28,995

​

27,475

Share warrant obligations - Level 1

 

1,278

 

13,035

Other non-current liabilities - Level 3

​

—

​

577

Total

 

30,273

 

41,087

Schedule of maximum exposure to credit risk at the reporting date

​

​

​

​

​

​

​

​

December 31, 

​

December 31, 

​

​

2023

​

2022

Loans receivables

 

148

 

3,834

Trade receivables

 

45,442

 

41,874

Cash

 

71,798

 

86,774

Other investments - current

​

84,236

​

50,365

Other investments - non-current

​

18,074

​

17,903

Schedule of exposure to credit risk

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

    

Weighted 

    

Gross 

    

​

    

​

​

​

Equivalent to external 

​

average loss 

​

carrying 

​

Impairment loss 

​

Credit 

December 31, 2023

​

credit rating

​

rate

​

amount

​

allowance

​

Impaired

Low risk

 

Aaa – A3

 

0.02

%  

41,558

 

(9)

 

No

Loss

 

Ca-C – Aa2

 

100

%  

1,422

 

(1,422)

 

Yes

​

​

​

​

​

 

42,980

 

(1,431)

​

​

Schedule of contractual maturities of non-derivative financial liabilities

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Carrying 

​

Contractual

​

3 months 

​

Between 

​

Between 

December 31, 2023

    

amounts

    

 cash flows

    

or less

    

3–12 months

    

1–5 years

Non-derivative financial liabilities

 

  

 

  

 

  

 

  

 

  

Lease liabilities

 

2,441

 

2,519

 

322

 

1,198

 

999

Trade and other payables

 

30,303

 

30,303

 

30,303

 

—

 

—

​

 

32,744

 

32,822

 

30,625

 

1,198

 

999

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Carrying

​

Contractual

​

3 months

​

Between 

​

Between 

December 31, 2022

    

amounts

    

cash flows

    

or less

    

3–12 months

    

1–5 years

Non-derivative financial liabilities

 

  

 

  

 

  

 

  

 

  

Lease liabilities

 

1,187

 

1,183

 

309

 

437

 

437

Trade and other payables

 

30,521

 

30,521

 

30,521

 

—

 

—

​

 

31,708

 

31,704

 

30,830

 

437

 

437

Schedule of contractual maturities of derivatives financial liabilities

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Carrying 

    

Contractual 

    

3 months

    

Between 3‑12 

    

Between 1‑5 

December 31, 2023

 

amounts

 

cash flows

 

 or less

 

months

 

years

Derivative financial liabilities

 

  

 

  

 

  

 

  

 

  

Share warrant obligation

 

1,278

 

1,278

 

—

 

—

 

1,278

Put option liability

​

28,995

​

28,995

​

7,349

​

21,646

​

—

​

 

30,273

 

30,273

 

7,349

 

21,646

 

1,278

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Carrying

    

Contractual

    

3 months

    

Between 3‑12

    

Between 1‑5

December 31, 2022

​

amounts

​

cash flows

​

or less

​

months

​

years

Derivative financial liabilities

 

  

 

  

 

  

 

  

 

  

Share warrant obligation

 

13,035

 

—

 

—

 

—

 

13,035

Put option liability

​

27,475

​

—

​

—

​

—

​

27,475

​

 

40,510

 

—

 

—

 

—

 

40,510

Schedule of exposure to foreign currency risk

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2023

    

Euro

    

Russian Ruble

    

Armenian Dram

    

Kazakhstani Tenge

    

United Arab Emirates dirham

Assets

 

  

 

​

​

​

​

​

​

  

Loans receivable

 

129

 

—

​

1

​

16

​

—

Trade and other receivables

 

10,001

 

—

​

142

​

15

​

—

Cash

 

12,533

 

89

​

55

​

269

​

11

​

 

22,663

 

89

​

198

​

300

​

11

Liabilities

 

​

 

​

​

​

​

​

​

​

Lease liabilities

 

(2,234)

 

—

​

(207)

​

—

​

—

Trade and other payables

 

(5,325)

 

—

​

(922)

​

(82)

​

—

​

 

(7,559)

 

—

​

(1,129)

​

(82)

​

—

Net exposure

 

15,104

 

89

​

(931)

​

218

​

11

​

​

​

​

​

​

​

​

​

​

December 31, 2022

    

Euro

    

Russian Ruble

    

Armenian Dram

    

Kazakhstani Tenge

Assets

 

  

​

​

​

​

 

  

Loans receivable

 

476

​

—

​

39

 

—

Trade and other receivables

 

9,411

​

—

​

—

 

—

Cash

 

17,057

​

1,078

​

26

 

95

​

 

26,944

​

1,078

​

65

 

95

Liabilities

 

​

​

​

​

​

 

​

Lease liabilities

 

(1,053)

​

—

​

(134)

 

—

Trade and other payables

 

(8,017)

​

—

​

(614)

 

(33)

​

 

(9,070)

​

—

​

(748)

 

(33)

Net exposure

 

17,874

​

1,078

​

(683)

 

62

Schedule of sensitivity analysis

​

​

​

​

​

​

​

​

Strengthening of US$

​

Weakening of US$ by

December 31, 2023

    

by 10%

     

10%

Euro

 

(1,510)

 

1,510

Russian Ruble

​

(9)

​

9

Armenian Dram

​

93

​

(93)

Kazakhstani Tenge

 

(22)

 

22

​

 

(1,448)

 

1,448

​

​

​

​

​

​

​

​

Strengthening of US$

​

Weakening of US$

December 31, 2022

    

 by 10% 

    

  by 10%

Euro

​

(1,787)

​

1,787

Russian Ruble

​

(108)

​

108

Armenian Dram

​

68

​

(68)

Kazakhstani Tenge

​

(6)

​

6

​

 

(1,833)

 

1,833

​

Schedule of reconciliation from the opening balances to the closing balances for financial liabilities based on Level 3 fair values

​

​

​

​

​

​

​

​

​

    

Share warrant

    

Put option

    

Other non-

​

​

obligation

​

liability

​

current

​

​

(Note 4)

​

(Note 4)

​

liabilities

Balance at January 1, 2022

​

22,029

​

—

​

—

Initial recognition

​

—

​

23,309

​

2,555

Net change in fair value

​

(8,994)

​

4,166

​

(1,978)

Balance at December 31, 2022

 

13,035

 

27,475

 

577

​

​

​

​

​

​

​

​

​

​

Share warrant

​

Put option

​

Other non-

​

​

obligation

​

liability

​

current

​

​

(Note 4)

​

(Note 4)

​

liabilities

Balance at January 1, 2023

 

13,035

 

27,475

 

577

Net change in fair value

 

(11,757)

 

1,520

 

(577)

Balance at December 31, 2023

 

1,278

 

28,995

 

—

Schedule of reconciliation from the opening balances to the closing balances for financial assets based on Level 3 fair values

​

​

​

​

​

    

Other

​

​

non-current

​

​

assets

Balance at January 1, 2022

 

  

Purchases

 

4,422

Net change in fair value

 

(4,422)

Balance at December 31, 2022

 

—