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Reconciliation of loss after income tax to net cash used in operating activities

12 Months Ended

Jun. 30, 2021

Reconciliation of loss after income tax to net cash used in operating activities

Note 30. Reconciliation of loss after income tax to net cash used in operating activities


	2021			2020			2019
	A$’000			A$’000			A$’000

Loss after income tax expense from continuing operations		(8,422	)		(12,467	)		(10,270	)

Adjustments for:
Depreciation & amortisatio n		1,265			1,084			1,084
Impairment of property, plant & equipment		—			—			1
Net fair value loss on financial assets		—			168			1,809
Share based payments		637			262			246
Foreign exchange difference s		430			—			—
Loss on contingent consideration		2,570			474			63

Change in operating assets & liabilities:		(3,521	)		(10,479	)		(7,067	)
Decrease in trade and other receivables		(5,027	)		358			825
Increase in accrued revenue		—			—			(138	)
Decrease/(increase) in prepayment s		(1,182	)		(168	)		398
Decrease/(increase) in trade and other payables		1,010			1,722			(409	)
Decrease in deferred tax liability		(484	)		(298	)		(298	)
Increase/(decrease) in other provisions		93			55			(25	)

Net cash used in operating activities		(9,111	)		(8,810	)		(6,714	)

Significant

non-cash

transactions

During the year the consolidated entity acquired a licensing agreement in relation to the asset EVT801. At year end no portion of the purchase price had been paid and accordingly the transaction does not appear in the cash flow statement.

Furthermore, the consolidated entity issued shares in satisfaction of an acquisition milestone. This transaction did not involve cash and accordingly the transaction does not appear in the cash flow statement.