Cash Flow Information

12 Months Ended

Jun. 30, 2022

Note 26 Cash flow information

Reconciliation of profit / (loss) after income tax to net cash outflow from operating activities


	Year Ended June 30,
	2022			2021			2020

Loss for the period	$	(71,441,024	)	$	(18,076,077	)	$	(20,028,526	)
Adjustments for
Share-based compensation		20,190,538			5,948,532			7,558,953
Borrowing costs		64,297			760			5,098,906
Fixed assets written off		—			2,764,940			210,773
Loss on sale of fixed assets		—			6,777			—
Loss on equity investment securities at fair value through profit or loss		10,951,552			—			—
Foreign exchange (gain) / loss		(7,194,955	)		106,787			387,371
Non-cash termination settlement		—			294,247			—
Depreciation and amortization expense		5,814,905			1,697,754			1,380,303
Government incentives		(302,922	)		(49,278	)		—

Change in operating assets and liabilities:
(Increase)/decrease in other operating assets		(6,028,224	)		(1,927,128	)		(976,969	)
Increase in trade creditors and other operating liabilities		7,592,541			1,060,622			775,672
Net cash outflow from operating activities	$	(40,353,292	)	$	(8,172,064	)	$	(5,593,517	)

(a)

Net debt reconciliation

This section sets out an analysis of net debt and the movements in net debt for each period presented.

Net debt


	2022			2021

Cash and cash equivalents	$	207,083,935		$	136,663,976
Lease liability - repayable within one year		(489,846	)		(410,792	)
Borrowings – repayable within one year (including overdraft)		(1,474,090	)		(277,060	)
Lease liability - repayable after one year		(7,265,686	)		(7,120,396	)
Borrowings – repayable after one year		(52,152,452	)		(5,986,565	)
Net cash (debt)	$	145,701,861		$	122,869,163

Cash and cash equivalents		207,083,935			136,663,976
Gross debt – fixed interest rates		(9,518,941	)		(8,386,881	)
Gross debt – variable interest rates		(51,863,133	)		(5,407,932	)
Net cash (debt)	$	145,701,861		$	122,869,163


			Liabilities from financing activities
	Cash		Borrowings due within 1 year			Borrowings due after 1 year			Total
Net debt as of June 30, 2020	$	38,807,662	$	(416,041	)	$	(4,716,074	)	$	33,675,547
Cashflows		97,856,314		329,873			(4,029,769	)		94,156,418
Other non-cash movements		—		(601,684	)		(4,361,118	)		(4,962,802	)
Net cash as of June 30, 2021		136,663,976		(687,852	)		(13,106,961	)		122,869,163
Cashflows		61,654,881		669,246			(45,316,323	)		17,007,804
Other non-cash movements		8,765,078		(1,945,330	)		(994,854	)		5,824,894
Net cash as of June 30, 2022	$	207,083,935	$	(1,963,936	)	$	(59,418,138	)	$	145,701,861

(b)

Non-cash investing and financing activities

Non-cash investing and financing activities disclosed in other notes are:

•

Right of use assets – note 21

•

Options and shares issued to employees – note 28