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Capital Management (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure Of Classes Of Share Capital [Line Items]

Summary of Authorized Shares, Issued and Fully Paid-up Shares

Authorized shares, as well as issued and fully paid up shares, are presented below:


	2021					2020
	Amount		USD			Amount			USD
Authorized Shares of USD 0.002 USD each
Class A common shares		1,000,000,000		2,000			—	—		—
Class B common shares		250,000,000		500			—			—
Undesignated shares		250,000,000		500			—	—		—
Authorized Shares of USD 1.1211 USD each **
Common shares		—		—			618,363			693
		1,500,000,000		3,000			618,363			693
Issued and Fully Paid Up Shares of USD 0.002 each *
Class A Common Shares		149,065,490		298			268,598,000			602
Class B Common Shares		145,962,951		292			—			0
		295,028,441		590			268,598,000			602
Share Capital evolution
Share Capital as at January 1		268,598,000		602			268,598,000			602
i) Issue of common shares at USD 1.1211		19,906,000		45			—			—
ii) Par value change		—		(70	)		—			—
iii) Issue of common shares at the IPO		4,411,765		9			—			—
iv) Warrant exercise		2,112,676		4			—			—
Share capital as of December 31		295,028,441		590			268,598,000			602

* Retroactively adjusted to reflect the stock split (Note 1).

** Amounts do not reflect the effect of the stock split explained in Note1.

Summary of Breakdown of Capital Reserves and Movements in Reserves

The following table shows a breakdown of the consolidated statement of financial position line item ‘Capital Reserves’ and the movements in these reserves during the year:


	2021			2020		2019
Balances as of January 1		12,582			5,287		238
Share-options exercise (i)		(6,898	)		—		—
Share-based payments charges		7,596			7,295		5,049
Forfeitures		(6	)		—		—
Warrant exercise		(533	)		—		—
Balance as at December 31, 2021		12,741			12,582		5,287

(i) During the year-ended December 31, 2021 a total of 15,685,000 share-options under the share-based payments plan were exercised. Consequently, the correspondent charge to Capital reserve was recycled into the Share premium line item within equity.

Summary of Breakdown of Reserves and Movements in Reserves

The following table shows a breakdown of the consolidated statement of financial position line item ‘Reserves’ and the movements in these reserves during the year:


	2021			2020		2019
	Cumulative Translation Adjustment			Cumulative Translation Adjustment		Cumulative Translation Adjustment
Balances as of January 1		119			14		(13	)
Movement of other reserves		(149	)		105		27
Balance as at December 31, 2021		(30	)		119		14

Summary of Movements in Retained Earnings

Movements in retained earnings were as follows:


Balance as at January 1, 2019	12,858
Comprehensive income for the year	15,602
Distribution of retained earnings	(10,000	)
Balance as at December 31, 2019	18,460
Comprehensive income for the year	28,126
Transaction between shareholders	163
Distribution of retained earnings	(15,000	)
Balance as at December 31, 2020	31,749
Comprehensive income for the year	78,118
Balance as at December 31, 2021	109,867

Summary of the Information Used as Base for Calculating Diluted Earnings Per Share

The next table presents the information used as base for such calculation:


	2021		2020		2019
Profit attributable to common shareholders (U.S. Dollars)		77,852,950		28,186,840		15,602,193
Weighted average number of common shares		287,121,304		268,598,000		266,386,541
Adjustments for calculation of diluted earnings per share(1)		21,809,000		16,242,000		9,059,531
Weighted average number of common shares for calculating diluted earnings per share		308,930,304		284,840,000		275,446,073
Basic earnings per share		0.27		0.10		0.06
Diluted earnings per share		0.25		0.10		0.05

(1)

As of December 31, 2021, corresponds to the dilutive effect of i) 16,353,000 average shares related to share-based payment warrants; and ii) 5,456,000 average shares related to share-based payment plans with employees (8,491,539 and 567,993, respectively for the year ended December 31, 2020).