Schedule of Non-Current and Current Liabilities |
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As of December 31, |
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2021 |
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2020 |
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$’000 |
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$’000 |
Non-current liabilities |
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Loan notes |
200,000 |
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— |
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Unamortized fair value adjustment, discount, and debt issuance costs |
(31,399) |
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— |
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168,601 |
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— |
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Current liabilities |
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Convertible loan notes |
— |
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|
70,000 |
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Other |
185 |
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|
357 |
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185 |
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70,357 |
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Disclosure of Changes in Loans and Borrowings from Financing Activities |
Changes in Loans and Borrowings from Financing Activities
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Albacore Notes |
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VNV Loan Notes |
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Unsecured Bonds |
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Convertible Loan Notes |
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Other Loans and Borrowings |
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Total Loans and Borrowings |
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$’000 |
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$’000 |
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$’000 |
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$’000 |
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$’000 |
|
$’000 |
Balance at January 1, 2020 |
— |
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— |
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— |
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— |
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— |
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— |
Changes from financing cash flows |
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Proceeds from issuance of notes and warrants |
— |
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— |
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— |
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100,000 |
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357 |
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100,357 |
Total changes from financing cash flows |
— |
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— |
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— |
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100,000 |
|
357 |
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100,357 |
Other changes |
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Convertible loan notes converted |
— |
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— |
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— |
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(30,000) |
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— |
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(30,000) |
Total other changes |
— |
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— |
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— |
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(30,000) |
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— |
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(30,000) |
Balance at December 31, 2020 |
— |
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— |
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— |
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70,000 |
|
357 |
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70,357 |
Balance at January 1, 2021 |
— |
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— |
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— |
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70,000 |
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357 |
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70,357 |
Changes from financing cash flows |
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Proceeds from issuance of notes and warrants |
191,000 |
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15,000 |
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64,563 |
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— |
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— |
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270,563 |
Payment of debt issuance costs |
(3,429) |
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— |
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(1,375) |
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— |
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— |
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(4,804) |
Repayment of cash loan |
— |
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(7,000) |
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(75,000) |
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— |
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— |
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(82,000) |
Total changes from financing cash flows |
187,571 |
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8,000 |
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(11,812) |
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— |
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— |
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183,759 |
Other changes |
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Fair value of warrants issued |
(16,930) |
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— |
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— |
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— |
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— |
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(16,930) |
Unpaid debt issuance costs |
(2,801) |
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— |
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(171) |
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— |
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— |
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(2,972) |
Amortization of fair value adjustment, discount, and debt issuance costs |
761 |
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— |
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3,983 |
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— |
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— |
|
4,744 |
Convertible loan notes converted |
— |
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— |
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— |
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(70,000) |
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— |
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(70,000) |
Non-cash conversion of loan notes to bonds |
— |
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(8,000) |
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8,000 |
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— |
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— |
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— |
Other loans and borrowings activity, net |
— |
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— |
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— |
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— |
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(172) |
|
(172) |
Total other changes |
(18,970) |
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(8,000) |
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11,812 |
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(70,000) |
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(172) |
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(85,330) |
Balance at December 31, 2021 |
168,601 |
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— |
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— |
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— |
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185 |
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168,786 |
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