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CONSOLIDATED STATEMENTS OF CASH FLOWS - AUD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Statement of cash flows [abstract]      
Loss before income tax $ (6,585,626) $ (10,543,658) $ (16,582,877)
Depreciation and amortization 1,326,811 2,078,762 3,174,784
Impairment loss of trade receivables 14,390 58,932 11,052
Provision for inventories obsolescence (9,439) (17,671) 799,871
Loss / (gain) on disposal of subsidiaries (1,998,269) 28,990
Gain on disposal on plant and equipment (212,195)
Plant and equipment written off 110
Provision for impairment loss on intangible assets 3,459,340
Development projects written off 930,356
Provision for impairment loss of goodwill 4,486,301
Net cash (outflows) / inflows from changes in working capital (719,193) (2,186,276) 1,783,050
Net cash used in operating activities (7,971,326) (6,191,115) (6,540,014)
Capital injection from minority shareholders 542,887 1,920,153
Payments for acquisition of plant and equipment (71,109) (7,236,260) (1,223,028)
Payments for other assets - equipment deposits (11,459,195)
Payments for intangible assets (624,095) (7,283)
Payments for development projects (125,520) (598,306)
Payments for investment in financial assets (500,000)
Disposal of subsidiaries, net of cash disposed of (32,927) 855,506
Net cash used in investing activities (12,144,439) (4,586,121) (1,828,617)
Advances from of amounts due to related companies 840,509 3,954,640
Advance from other liabilities 211,567 2,610,091
Advance from / (repayment) to holding company (562,201) 501,343
Fair value change in derivative financial instruments 842,463 (2,312,197) (127,551)
Interest income from ultimate holding company (115,678)
Interest received from ultimate holding company 18,714
Interest accrued for lease liabilities 28,371 32,526 109,675
Finance costs for convertible bonds 1,895,371 1,693,890 1,316,702
Interest paid for convertible bonds (185,469) (209,392)
Proceeds from bank borrowings 930,334
Repayment of bank borrowings (840,285)
Repayment for convertible bonds (4,668,195)
Payment of lease liabilities (138,156) (320,851) (573,010)
Proceeds from issuance of convertible promissory notes 4,913,100
Net Proceeds from issuance of ordinary shares 16,054,409 13,187,968
Net cash provided by financing activities 18,120,257 13,392,848 7,575,583
Net increase / (decrease) in cash and cash equivalents (1,995,508) 2,615,612 (793,048)
Effect of exchange rate changes on cash and cash equivalents 76,191 (254,770) 619,705
Cash and cash equivalents at the beginning of financial year 2,194,084 (166,758) 6,585
Cash and cash equivalents at the end of financial year 274,767 2,194,084 (166,758)
Cash and bank balances 274,767 2,194,084 735,724
Bank overdraft $ (902,482)