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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Profit before income tax $ 85,500 $ 31,418 $ 17,823
Adjustments:      
Interest income from financial instruments (2,556) (443) (217)
Interest charges for lease liabilities 142 20 30
Other finance expense / (income) 402 (3) (6)
Amortization of Intangible assets 3,917 656 175
Depreciation of Property, plant and equipment 377 155 53
Amortization of Right-of-use asset 453 181 181
Revenue reduction related to prepaid assets 200 67  
Share-based payment expense 7,590 7,295 5,049
Net exchange differences (19) (99) (106)
Fair value (loss)/gain on financial assets at fair value through profit or loss 16 (9) (56)
Other operating (gain)/loss (2,896) 2,896  
Net Impairment loss/(gain) on financial assets 33 (808) 807
Adjustments to reconcile profit (loss) 93,159 41,326 23,733
Changes in working capital      
Increase in Trade and other receivables (115,355) (45,932) (10,968)
Increase / (Decrease) in Other assets 581 (1,114) (1,113)
Increase in Trade and other payables 134,295 89,888 20,284
Increase in Tax Liabilities 5,309 5,877  
Increase in Provisions 317 595 497
Cash from operating activities 118,306 90,640 32,433
Income tax paid (9,820) (2,154) (1,710)
Net cash from operating activities 108,486 88,486 30,723
Cash flows from investing activities      
Acquisitions of Property, plant and equipment (1,949) (876) (152)
Additions of Intangible assets (46,068) (3,006) (1,554)
Net collections of financial assets at FVPL 7,520 7,089 1,601
Interest collected from financial instruments 2,556 443 217
Other finance income collected     6
Net cash (used in) / provided by investing activities (37,941) 3,650 118
Cash flows from financing activities      
Proceeds from issuance of shares 63,177 14
Proceeds from initial public offering 87,088    
Initial public offering expenses paid (638)    
Share-options exercise 81    
Dividends paid   (15,000) (10,000)
Proceeds from borrowings 5,000    
Interest payments on leases liability (142) (20) (30)
Principal payments on lease liability (430) (131) (152)
Payment of loans advanced by Shareholders     (9,174)
Other finance expense paid (388) (47)  
Net cash provided by / (used in) financing activities 153,748 (15,198) (19,342)
Net increase in cash flow 224,293 76,938 11,499
Cash and cash equivalents at the beginning of the year 111,733 34,765 23,305
Effects of exchange rate changes on cash and cash equivalents 171 30 (39)
Cash and cash equivalents at the end of the year $ 336,197 $ 111,733 $ 34,765