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Investor Presentaiton

Cash flows 2021 2020 Commentary $000 $000 Cash flows from operating activities Net cash (outflow)/inflow from operating activities (5,007) 1,660 · Cash flows from investing activities Net cash (outflow) from investing activities (1,500) (1,870) Cash flows from financing activities Net proceeds from issue of equity and convertible debt securities 50,426 Net repayment of borrowings/deferred consideration (12,596) 5,995 (7,730) Lease liability - Principal and interest (731) (546) Net cash inflow/(outflow) from financing activities5 37,099 (384) Net increase/(decrease) in cash on hand Effect of exchange rate fluctuations on cash and cash equivalents TOTAL CASH ON HAND6 5 Cash flows from financing activities excludes the transfer of $20 million from Cash to Term Deposits 6 Cash on hand includes $20 million held on Term Deposit 30,592 939 35,381 (594) (13) 3,850 • • • Net cash outflow from operating activities of $5.0 million for FY21 compared to a net cash inflow from operating activities of $1.7 million in FY20, reflecting the increased investment in operating expenses. Purchases of property, plant and equipment remained modest. Net proceeds from pre-IPO and IPO placements of $50.4m. Repayment of borrowings of $12.6m. Cash (including short term deposits) on hand of $35.4m. AROA™ 30 30
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