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v3.23.4

First time adoption of IFRS (Tables) | 6 Months Ended
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Jun. 30, 2023
First time adoption of IFRS |
Schedule of reconciliation of statement of financial position | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | Effect of |  | ​
​ | ​ | ​ | ​ | ​ | ​ | transition to | ​ | ​
US$ thousand | ​ | Notes | ​ | US GAAP | ​ | IFRS | ​ | IFRS*
Assets |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |
Cash and cash equivalents |  | ​ | ​ | 955 |  | — |  | 955
Prepayments and other current assets |  | ​ | ​ | 340 |  | — |  | 340
Total current assets |  | ​ | ​ | 1,295 |  | — |  | 1,295
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-current assets |  | ​ | ​ |  |  |  |  |
Investments |  | ​ | ​ | 265,156 |  | — |  | 265,156
Prepayments and other non-current assets |  | ​ | ​ | 187 |  | — |  | 187
Total non-current assets |  | ​ | ​ | 265,343 |  | — |  | 265,343
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total assets |  | ​ | ​ | 266,638 |  | — |  | 266,638
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities |  | ​ | ​ |  |  |  |  |
Current liabilities |  | ​ | ​ |  |  |  |  |
Trade and other payables |  | ​ | ​ | 604 |  | — |  | 604
Total current liabilities |  | ​ | ​ | 604 |  | — |  | 604
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-current liabilities |  | ​ | ​ |  |  |  |  |
Derivative financial liability |  | ​ | ​ | 8,440 |  | — |  | 8,440
Other financial liabilities |  | (A), (B) |  | — |  | 253,530 |  | 253,530
Deferred underwriting discount |  | ​ | ​ | 9,280 |  | (9,280) |  | —
Total non-current liabilities |  | ​ | ​ | 17,720 |  | 244,250 |  | 261,970
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total liabilities |  | ​ | ​ | 18,324 |  | 244,250 |  | 262,574
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net assets/(deficit) |  | ​ | ​ | 248,314 |  | (244,250) |  | 4,064
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Class A ordinary shares subject to possible redemption, 26,514,780 shares at redemption value $10.00 per share as of 31 December 2021 |  | (A), (B) |  | 265,148 |  | (265,148) |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity |  |  |  |  |  |  |  |
Ordinary shares |  | ​ | ​ | 1 |  | ​ |  | 1
Additional paid-in capital |  | (A), (B) |  | — |  | 24 |  | 24
(Accumulated deficit)/retained earnings |  | (A), (B) |  | (16,835) |  | 20,874 |  | 4,039
Total equity |  | ​ | ​ | (16,834) |  | 20,898 |  | 4,064
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total liabilities, class A ordinary shares subject to possible redemption, and equity | ​ | ​ | ​ | 266,638 | ​ | — | ​ | 266,638
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Effect of | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | transition to | ​ |
US$ thousand |  | Notes |  | US GAAP |  | IFRS |  | IFRS*
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | ​ | ​ | 42 | ​ | — | ​ | 42
Trade and other receivables | ​ | ​ | ​ | 53 | ​ | — | ​ | 53
Prepayments and other current assets | ​ | ​ | ​ | 201 | ​ | — | ​ | 201
Total current assets | ​ | ​ | ​ | 296 | ​ | — | ​ | 296
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-current assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investments | ​ | ​ | ​ | 268,909 | ​ | — | ​ | 268,909
Prepayments and other non-current assets | ​ | ​ | ​ | 986 | ​ | — | ​ | 986
Total non-current assets | ​ | ​ | ​ | 269,895 | ​ | — | ​ | 269,895
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total assets | ​ | ​ | ​ | 270,191 | ​ | — | ​ | 270,191
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Trade and other payables | ​ | ​ | ​ | 927 | ​ | — | ​ | 927
Loans and borrowings | ​ | ​ | ​ | 786 | ​ | — | ​ | 786
Other financial liabilities | ​ | ​ | ​ | — | ​ | 16,519 | ​ | 16,519
Deferred liabilities | ​ | ​ | ​ | 7,239 | ​ | (7,239) | ​ | —
Deferred underwriting discount | ​ | ​ | ​ | 9,280 | ​ | (9,280) | ​ | —
Total current liabilities | ​ | ​ | ​ | 18,232 | ​ | — | ​ | 18,232
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-current liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivative financial liability | ​ | ​ | ​ | 7,443 | ​ | — | ​ | 7,443
Other financial liabilities | ​ | (A), (B) | ​ | — | ​ | 264,477 | ​ | 264,477
Total non-current liabilities | ​ | ​ | ​ | 7,443 | ​ | 264,477 | ​ | 271,920
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total liabilities | ​ | ​ | ​ | 25,675 | ​ | 264,477 | ​ | 290,152
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net assets/(deficit) | ​ | ​ | ​ | 244,516 | ​ | (264,477) | ​ | (19,961)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Class A ordinary shares subject to possible redemption, 26,514,780 shares at redemption value of $10.14 per share as of 31 December 2022 | ​ | (A), (B) | ​ | 268,909 | ​ | (268,909) | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ordinary shares | ​ | ​ | ​ | 1 | ​ | — | ​ | 1
Additional paid-in capital | ​ | (A), (B) | ​ | — | ​ | 969 | ​ | 969
Accumulated deficit | ​ | (A), (B) | ​ | (24,394) | ​ | 3,463 | ​ | (20,931)
Total equity | ​ | ​ | ​ | (24,393) | ​ | 4,432 | ​ | (19,961)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total liabilities, class A ordinary shares subject to possible redemption, and equity | ​ | ​ | ​ | 270,191 | ​ | — | ​ | 270,191
Schedule of reconciliation of net (loss) income for the period | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | Effect of |  | ​
​ | ​ | ​ | ​ | ​ | ​ | transition to | ​ | ​
US$ thousand | ​ | Notes | ​ | US GAAP | ​ | IFRS | ​ | IFRS*
Administrative expenses | ​ | ​ |  | — |  | (9,971) |  | (9,971)
Operating and formation costs | ​ | ​ |  | (2,117) |  | 2,117 |  | —
Acquisition costs | ​ | ​ |  | (7,625) |  | 7,625 |  | —
Stock compensation expense | ​ | ​ |  | (224) |  | 224 |  | —
Loss from operations | ​ | ​ |  | (9,966) |  | (5) |  | (9,971)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Finance income | ​ | ​ |  | 3,753 |  | — |  | 3,753
Finance costs |  | (A), (B) |  | — |  | (20,234) |  | (20,234)
Net change in fair value of financial instruments | ​ | ​ |  | — |  | 1,484 |  | 1,484
Change in fair value of warrants | ​ | ​ |  | 1,477 |  | (1,477) |  | —
Change in fair value of conversion option | ​ | ​ |  | 7 |  | (7) |  | —
Amortization of discount on convertible promissory note | ​ | ​ |  | (8) |  | 8 |  | —
Bank fee | ​ | ​ |  | (5) |  | 5 |  | —
Net finance costs | ​ | ​ |  | 5,224 |  | (20,221) |  | (14,997)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net loss | ​ | ​ |  | (4,742) |  | (20,226) |  | (24,968)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | Effect of |  | ​
​ | ​ | ​ | ​ | ​ | ​ | transition to | ​ | ​
US$ thousand | ​ | Notes | ​ | US GAAP | ​ | IFRS | ​ | IFRS*
Administrative expenses | ​ | ​ |  | — |  | (3,027) |  | (3,027)
Operating and formation costs | ​ | ​ |  | (3,024) |  | 3,024 |  | —
Loss from operations | ​ | ​ |  | (3,024) |  | (3) |  | (3,027)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Finance income | ​ | ​ |  | 365 |  | — |  | 365
Finance costs |  | (A), (B) |  | — |  | (9,838) |  | (9,838)
Net change in fair value of financial instruments | ​ | ​ |  | — |  | 733 |  | 733
Change in fair value of warrants | ​ | ​ |  | 726 |  | (726) |  | —
Change in fair value of conversion option | ​ | ​ |  | 7 |  | (7) |  | —
Amortization of discount on convertible promissory note | ​ | ​ |  | (8) |  | 8 |  | —
Bank fee | ​ | ​ |  | (3) |  | 3 |  | —
Net finance costs | ​ | ​ |  | 1,087 |  | (9,827) |  | (8,740)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net loss | ​ | ​ |  | (1,937) |  | (9,830) |  | (11,767)
* | Where necessary, comparative information presented under US GAAP has been reclassified or re-presented to achieve consistency in disclosures with the current period amounts and other disclosures under IFRS.

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