Changes in Loans and Borrowings, Net of Current Position 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 |
|
$’000 |
|
$’000 |
|
$’000 |
|
$’000 |
|
$’000 |
|
$’000 |
Balance at January 1, 2021 |
— |
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— |
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— |
|
70,000 |
|
357 |
|
70,357 |
Changes from financing cash flows |
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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) |
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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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— |
|
(171) |
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— |
|
— |
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(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 |
Balance at January 1, 2022 |
168,601 |
|
— |
|
— |
|
— |
|
185 |
|
168,786 |
Changes from financing cash flows |
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|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of notes and warrants |
100,000 |
|
— |
|
— |
|
— |
|
— |
|
100,000 |
Payment of debt issuance costs |
(4,256) |
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— |
|
— |
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— |
|
— |
|
(4,256) |
Repayment of cash loan |
— |
|
— |
|
— |
|
— |
|
— |
|
— |
Total changes from financing cash flows |
95,744 |
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— |
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— |
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— |
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— |
|
95,744 |
Other changes |
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Fair value of warrants issued |
(3,418) |
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— |
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— |
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— |
|
— |
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(3,418) |
Unpaid debt issuance costs |
— |
|
— |
|
— |
|
— |
|
— |
|
— |
Amortization of fair value adjustment, discount, and debt issuance costs |
6,635 |
|
— |
|
— |
|
— |
|
— |
|
6,635 |
Issuance of notes upon conversion of interest |
10,466 |
|
— |
|
— |
|
— |
|
— |
|
10,466 |
Non-cash conversion of loan notes to bonds |
— |
|
— |
|
— |
|
— |
|
— |
|
— |
Other loans and borrowings activity, net |
— |
|
— |
|
— |
|
— |
|
(185) |
|
(185) |
Total other changes |
13,683 |
|
— |
|
— |
|
— |
|
(185) |
|
13,498 |
Balance at December 31, 2022 |
278,028 |
|
— |
|
— |
|
— |
|
— |
|
278,028 |
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