Reconciliation of loss after income tax to net cash from/(used in) operating activities

12 Months Ended

Jun. 30, 2022

Note 29. Reconciliation of loss after income tax to net cash from/(used in) operating activities

	Consolidated
	Year ended 30 June 2022			Year ended 30 June 2021 (restated*)			Year ended 30 June 2020 (restated*)
	US$'000			US$'000			US$'000

Loss after income tax expense for the year		(419,770	)		(60,390	)		(2,142	)

Adjustments for:
Depreciation		7,741			1,252			757
Capital raising costs		4,212			-			-
Impairment of assets		167			432			-
Net loss/(gain) on disposal of non-current assets		(12	)		202			-
Unrealized foreign exchange gains		(8,889	)		(2,729	)		-
Loss on embedded derivatives held at fair value through profit or loss		390,743			44,692			-
Interest expense on hybrid financial instruments		26,748			14,182			-
Amortization of capitalized borrowing costs		2,508			1,968			-
Share-based payment expense		13,896			805			179

Change in operating assets and liabilities:
Increase in other receivables		(72	)		(416	)		(329	)
Increase in deferred tax assets		(9,645	)		(911	)		-
Increase in trade and other payables		6,476			367			505
Increase in provision for income tax		671			533			-
Increase in deferred tax liabilities		6,892			1,618			-
Increase in employee benefits		2,026			66			43
Increase in other provisions		2,469			-			-
Decrease in operating deposits		-			90			-
Increase in prepayments and deposits		(4,604	)		-			-

Net cash from/(used in) operating activities		21,557			1,761			(987	)