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Cash Flow Information
12 Months Ended
Jun. 30, 2022
Cash Flow Information [Abstract]  
Cash Flow Information

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