Tesserent Limited Annual Report 2021

Consolidated Statement of Cash Flows Note 2021 $’000 2020 $’000 Cash flows from operating activities Receipts from customers (inclusive of GST) 90,933 23,312 Payments to suppliers and employees (inclusive of GST) (86,148) (26,170) Other revenue 6 158 166 Interest received 6 9 9 Interest and other finance costs paid (1,177) (416) Income taxes paid (881) (151) Net cash from / (used in) operating activities 10 2,893 (3,250) Cash flows from investing activities Payment for purchase of business, net of cash acquired 39 (18,629) (10,171) Payments for investments 21 (3,000) – Payments for property, plant and equipment 18 (1,461) (73) Capitalised development costs 19 (25) (82) Net cash used in investing activities (23,115) (10,326) Cash flows from financing activities Proceeds from issue of shares 29 9,485 4,924 Cost of issuing shares 29 (216) (188) Proceeds from borrowings 28 30,000 4,920 Repayment of lease liabilities 24, 25 (1,772) (751) Transaction costs related to loans and borrowings 28 (798) (12) Proceeds (distributions to) / from convertible notes 30 (190) 8,995 Payment of deferred settlement liabilities 27 (5,778) (962) Net cash from financing activities 30,732 16,926 Net increase in cash and cash equivalents 10,510 3,350 Cash and cash equivalents at the beginning of the financial year 4,350 1,000 Cash and cash equivalents at the end of the financial year 9 14,860 4,350 The above consolidated statement of cash flows should be read in conjunction with the accompanying notes. for the year ended 30 June 2021 Annual Report 2021 Tesserent Ltd 50

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