|
Depreciation and amortization
|
|
$5.9m
|
$7.2m
|
$9.0m
|
$12.5m
|
$21.4m
|
$25.5m
|
|
Deferred taxes
|
|
($230k)
|
$25k
|
($181k)
|
($294k)
|
($1.4m)
|
($5.4m)
|
|
Expenses in respect of share-based compensation
|
|
$3.0m
|
$8.8m
|
$8.7m
|
$6.0m
|
$7.2m
|
$7.3m
|
|
Share of loss of equity method investee
|
|
$0
|
$538k
|
$1.8m
|
$1.6m
|
$1.3m
|
$226k
|
|
Total changes in operating asset and liability items
|
|
$389k
|
($5.2m)
|
($14.0m)
|
$4.0m
|
$10.5m
|
($12.6m)
|
|
Net profit (loss) for the period
|
|
($6.1m)
|
($24.8m)
|
($37.5m)
|
($15.9m)
|
($5.6m)
|
$35.5m
|
|
Adjustments required to reflect the cash flow from operating activities (see Appendix A)
|
|
$12.6m
|
$12.0m
|
$10.0m
|
$24.7m
|
$48.5m
|
$4.8m
|
|
Capitalized development costs
|
|
($5.7m)
|
($6.1m)
|
($13.7m)
|
($15.9m)
|
($21.9m)
|
($22.8m)
|
|
Acquisition of property and equipment
|
|
($2.1m)
|
($2.6m)
|
($1.5m)
|
($611k)
|
($3.1m)
|
($5.3m)
|
|
Loans granted to related companies and others
|
|
($141k)
|
$0
|
$0
|
($1.4m)
|
($559k)
|
($9.4m)
|
|
Decrease (Increase) in bank deposits
|
|
($411k)
|
($352k)
|
($480k)
|
($2.2m)
|
($8.0m)
|
$11.1m
|
|
Interest received
|
|
$14k
|
$2k
|
$76k
|
$1.7m
|
$3.1m
|
$6.0m
|
|
Investments in financial assets and other asset
|
|
$0
|
($446k)
|
($6.9m)
|
($195k)
|
($283k)
|
($6.4m)
|
|
Proceeds from sub-lessee
|
|
$302k
|
$158k
|
$0
|
$155k
|
$243k
|
$22k
|
|
Payments for acquisitions of subsidiaries, net of cash acquired
|
|
($686k)
|
$418k
|
$440k
|
($18.3m)
|
($14.9m)
|
($39.9m)
|
|
Payment of deferred consideration and contingent liability due consideration of subsidiary acquisition
|
|
($580k)
|
($7.3m)
|
($4.5m)
|
$0
|
($555k)
|
($12.1m)
|
|
Issuance of ordinary shares
|
|
—
|
—
|
$0
|
$0
|
$62.7m
|
$0
|
|
Proceeds from issue of debentures and warrants, net
|
|
—
|
—
|
—
|
$0
|
$0
|
$306.8m
|
|
Changes in short-term bank credit and short term loan
|
|
$3.0m
|
($11.4m)
|
$5.9m
|
$39.1m
|
($23.3m)
|
($26.0m)
|
|
Receipt of long-term bank loans
|
|
$4.7m
|
$0
|
$0
|
($998k)
|
$22.8m
|
$0
|
|
Repayment of long-term bank loans
|
|
($1.0m)
|
($2.0m)
|
($2.3m)
|
($998k)
|
($3.2m)
|
($8.7m)
|
|
Repayment of long-term loans from others
|
|
($920k)
|
($2.2m)
|
($2.6m)
|
($3.6m)
|
($3.8m)
|
$0
|
|
Repayment of other long-term liabilities
|
|
($280k)
|
($295k)
|
($288k)
|
($249k)
|
($1.1m)
|
($1.0m)
|
|
Employee options exercised
|
|
$0
|
$718k
|
$1.2m
|
$2.2m
|
$4.0m
|
$4.9m
|
|
Principal lease payments
|
|
($1.2m)
|
($1.4m)
|
($1.9m)
|
($2.2m)
|
($2.7m)
|
($3.0m)
|
|
Post-employment benefit obligations, net
|
|
$106k
|
$139k
|
($107k)
|
$25k
|
($17k)
|
($68k)
|
|
Finance expenses, net
|
|
$3.4m
|
$269k
|
$4.5m
|
$750k
|
$6.6m
|
$1.8m
|
|
Expenses in respect of long-term employee benefits
|
|
$5k
|
$193k
|
$245k
|
$237k
|
$634k
|
$0
|
|
Income from gaining control in subsidiary
|
|
—
|
—
|
—
|
$0
|
$0
|
($12.2m)
|
|
Long-term deferred income
|
|
$0
|
($26k)
|
($104k)
|
($85k)
|
$2.4m
|
$218k
|
|
Increase in receivables from processing activity
|
|
$5.0m
|
($5.4m)
|
($11.0m)
|
($17.9m)
|
($1.8m)
|
($2.8m)
|
|
Increase in trade receivables
|
|
($3.9m)
|
($5.1m)
|
($8.3m)
|
($12.5m)
|
($10.7m)
|
($31.7m)
|
|
Increase in other current assets
|
|
($389k)
|
($1.4m)
|
($936k)
|
($1.1m)
|
($892k)
|
($6.7m)
|
|
Decrease (Increase) in inventory
|
|
($511k)
|
($2.6m)
|
($12.6m)
|
$3.2m
|
$2.1m
|
($5.0m)
|
|
Increase in payables in respect of processing activity
|
|
$7.2m
|
$13.8m
|
$20.5m
|
$41.2m
|
$26.4m
|
$49.8m
|
|
Increase in trade payables
|
|
$3.2m
|
($3.8m)
|
$4.5m
|
$1.2m
|
$3.4m
|
$4.0m
|
|
Increase in other payables
|
|
$1.8m
|
$4.8m
|
$4.2m
|
$5.5m
|
$2.5m
|
$11.4m
|
|
Purchase of property and equipment on credit
|
|
$575k
|
$118k
|
$215k
|
$97k
|
$152k
|
$197k
|
|
Recognition of right-of-use assets through lease liabilities
|
|
$1.2m
|
$1.4m
|
$2.0m
|
$338k
|
$1.7m
|
$4.9m
|
|
Recognition of Sub lease asset
|
|
—
|
$0
|
$0
|
$455k
|
$0
|
$0
|
|
Share based payments costs attributed to development activities, capitalized as intangible assets
|
|
$883k
|
$649k
|
$909k
|
$825k
|
$718k
|
$855k
|
|
Total adjustments
|
|
$12.2m
|
$17.2m
|
$24.0m
|
$20.7m
|
$38.0m
|
$17.4m
|
|
Net cash provided by operating activities
|
|
$6.5m
|
($12.8m)
|
($27.5m)
|
$8.8m
|
$42.9m
|
$40.3m
|
|
Net cash used in investing activities
|
|
($8.6m)
|
($22.6m)
|
($26.5m)
|
($36.8m)
|
($45.9m)
|
($78.7m)
|
|
Net cash provided by financing activities
|
|
$6.0m
|
$114.1m
|
$6.2m
|
$31.6m
|
$50.8m
|
$265.8m
|
|
Increase in cash and cash equivalents
|
|
$4.0m
|
$78.7m
|
($47.9m)
|
$3.5m
|
$47.8m
|
$227.4m
|
|
Increase in restricted cash transferable to customers for processing activity
|
|
($11.9m)
|
($5.5m)
|
($10.4m)
|
($15.7m)
|
($10.4m)
|
($31.6m)
|
|
Balance of cash and cash equivalents at beginning of year
|
|
$8.2m
|
$87.3m
|
$33.9m
|
$38.4m
|
$83.1m
|
$319.5m
|
|
Gains (losses) from exchange differences on cash and cash equivalents
|
|
($222k)
|
$626k
|
($6.2m)
|
$906k
|
($2.7m)
|
$11.2m
|
|
Gains (losses) from translation of cash and cash equivalents of foreign operation
|
|
$43k
|
($184k)
|
$622k
|
$82k
|
($408k)
|
($2.2m)
|
|
Interest paid
|
|
($1.1m)
|
($630k)
|
($504k)
|
($2.7m)
|
($4.5m)
|
($7.2m)
|