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