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Unaudited Condensed Consolidated Interim Statements of Cash Flows - GBP (£)
£ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss for the period £ (17,021) £ (22,557)
Adjustments to cash flows from non-cash items    
Depreciation and amortization 832 330
Depreciation on right of use assets 189 70
Finance (income)/costs (22,434) 37
Related party finance costs   483
Share based payment transactions 7,294 16,815
Net exchange rate differences 4,694  
Income tax expense/(benefit)   (4)
Adjustments to cash flows from non-cash items (26,446) (4,826)
Working capital adjustments    
(Increase) in trade and other receivables (1,499) (7,654)
(Decrease)/increase in trade and other payables (30,442) 2,160
Net cash flows used in operating activities (58,387) (10,320)
Cash flows from investing activities    
Acquisitions of property plant and equipment (167) (147)
Acquisition of intangible assets (393) (349)
Net cash flows used in investing activities (560) (496)
Cash flows from financing activities    
Proceeds from secured convertible notes   25,000
Proceeds from related party borrowings   2,208
Payments to lease creditors (235) (87)
Net cash flows (used)/generated from financing activities (235) 27,121
Net (decrease)/increase in cash at bank (59,182) 16,305
Cash at bank, beginning of the period 212,660 839
Effect of foreign exchange rate changes 4,074  
Cash at bank, end of the period £ 157,552 £ 17,144