Capital Raising Overview
Balance Sheet & Funding
Balance sheet ($'m)
H22
FY21
Restated*
Change
Change %
Borrowings ($'m)
Institution
H22
H21
Change
Debtor financing facility
CBA
7.5
(7.5)
Current assets
83.3
88.9
(5.6)
(6.3%)
Cash
- Working Capital
3.4
12.8
(9.4)
(73.4%)
Premium funding
Attest
0.7
0.5
(0.2)
77.4
76.1
1.3
1.7%
Asset finance
CBA
0.3
2.8
2.5
- Other
2.5
2.5
n/m
Total borrowings
8.5
3.3
(5.2)
Non-current assets
40.0
36.3
3.7
10.1%
- Acquired intangible assets
1.8
2.2
(0.4)
(16.9%)
-
Goodwill
11.3
11.3
0.0
0.4%
Funding Facilities ($'m)
Institution Drawn Available Limit
- PP&E and Software
7.0
7.1
(0.2)
(2.3%)
-
- Right-of-use-assets
· Deferred Taxes
Current
6.8
7.8
(0.9)
(12.2%)
Cash Facilities
13.1
8.0
5.1
63.8%
Debtor financing facility
CBA
7.5
30.0
37.5
(96.7)
(88.5)
(8.3)
9.3%
Cash advance
CBA
-
6.0
6.0
- Working Capital
(67.8)
(69.5)
1.7
- Lease liabilities
(3.5)
(4.5)
1.0
(2.4%)
(22.2%)
Premium funding
Attest
0.7
0.7
- Provisions
(15.9)
(12.5)
(3.4)
27.2%
Asset Finance
CBA
0.3
0.0
0.3
- Borrowings
(8.3)
(8.3)
n/m
Contingent consideration
(1.2)
(1.1)
(0.1)
9.1%
Total Cash Facilities
8.5
36.0
44.5
-
Other liabilities
(0.9)
0.9
(100.0%)
Non-Current
(26.1)
(12.7)
(13.4)
- Lease liabilities
- Provisions
- Contingent consideration
Net assets
(4.2)
(4.8)
0.6
(20.6)
(6.7)
(13.9)
(1.3)
(1.2)
(0.1)
105.5%
(12.5%)
207.5%
8.3%
Other Funding
Bank Guarantees
CBA
11.4
15.1
26.5
Insurance bonds
SwissRe
11.4
8.6
20.0
0.5
24.1
(23.6)
(98.0%)
Total Other Funding Facilities
22.8
23.7
46.5
Net (Debt) Cash
Gearing (%)***
Net Debt/EBITDA pre-significant items
(5.1)
11.9
(17.0)
91.6%
2.6
(97.9%)
1.2
n/m
1.3
(142.9%)
n/m
107.9%
Total Cash Facilities
Total Other Funding
8.5
36.0
44.5
22.8
23.7
46.5
* Amounts have been restated for the impact of the change in accounting interpretation around the capitalisation of software costs associated with Software-as-a-Service ('SaaS')
***Net Debt/ (Net Debt + Equity)
Subject to rounding
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