v3.24.2.u1
Consolidated Statement of Cash Flow - USD ($)
$ in Thousands
 6 Months Ended 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities          
Loss from continuing operations $ (7,828) [1] $ (10,412) [1] $ (20,148) $ (21,429) $ (8,027)
Income from discontinued operations      
Income tax (243) (42) 561 (1,926) (115)
Finance income     (2,397)
Finance expense 1,224 2,467 4,917 5,334 2,889
Depreciation of property, plant and equipment 292 275 750 770 1,089
Amortization of intangible assets 1,674 416 831 1,172 1,167
Other gains/(losses) (26) (30) 13 (769)
Other reserves movements (260)      
Share-based payments 208 147 2,010 1,078
Decrease/(increase) in trade and other receivables 1,341 1,532 5,903 3,459 (813)
Increase/(decrease) in trade and other payables 3,833 (716) 2,278 6,583 (9,453)
(Increase)/decrease in inventory (253) (179) (228) 81
Increase/(decrease) in provisions 58 (179) 674 (572) (95)
Corporation tax payments    
Net cash used in operating activities 110 (7,503) (8,552) (5,130) (15,377)
Cash flows from investing activities          
Proceeds on sale of property plant and equipment 58 110 57 36
Purchase of property, plant and equipment (336) (312) (1,029) (1,165) (937)
Purchase of intangibles (1,788) (1,228)      
Investment in capital projects (68) (3,857) (4,254)
Proceeds on disposal of J.A Martin ex-solar business 2,591 2,874
Proceeds on sale of capital projects     47 19 366
Acquisitions - consideration     (66) (7,089)
Acquisitions - cash acquired     4,942
Net cash used in investing activities (2,124) 1,041 (1,921) (5,343) (2,682)
Cash flows from financing activities          
Capital raise proceeds 598 5,065 5,500 243 34,866
Related party loan borrowings 1,128 2,722      
Lease repayments (173) (225)      
Lease repayments     (43) (360)
Proceeds from investor     300
Equity instruments and capital raise costs     (397) (47) (2,819)
Debtor finance borrowings/(repayments) (114) 1,280 1,297 (4) (518)
Loans from related parties     3,572 4,231
Repayment of loans from related parties     (370) (2,226)
Bank loan borrowings     (138) (166) (33)
Chattel mortgage borrowings     (267) 74 32
Other borrowings 19 (327) (108) (85) 18
Transfer from/(to) restricted cash 124 190 587 (55) (127)
Finance expense (290)      
Finance expense     (129) (636) (5,296)
Net cash from financing activities 1,582 8,415 9,804 3,555 23,537
Net (decrease)/increase in cash and cash equivalents (433) 1,953 (669) (6,918) 5,478
Effect of exchange rate movements on cash held (5) (10) (63) (401) 302
Cash and cash equivalents at the beginning of the period 553 1,285 1,285 8,604 2,824
Cash and cash equivalents at the end of the period 115 3,228 553 1,285 8,604
(Loss)/profit from discontinued operations [1] $ (804) [1] $ (4,207) $ (625) $ 69
[1] Financials for continuing operations for both six months ended December 31, 2023, and six months ended December 31, 2022, up to the “Loss from continuing operations” line and for earnings per share.