Consolidated statement of financial position

as at 31 December 2023

2023

2022

Note

$’000

$’000

Current assets

Cash and cash equivalents

123,237

116,329

Trade and other receivables

11

64,777

39,354

Inventories

12

17,310

8,477

Other current assets

13

19,524

9,073

Total current assets

224,848

173,233

Non-current assets

Trade and other receivables

11

586

327

Financial assets

14

12,260

-

Deferred tax assets

15.1

20,452

3,971

Property, plant and equipment

16

23,170

12,032

Right-of-use assets

17

7,323

6,806

Intangible assets

18

109,663

58,984

Total non-current assets

173,454

82,120

Total assets

398,302

255,353

Current liabilities

Trade and other payables

20

81,704

49,519

Borrowings

21

964

-

Current tax payable

11,508

7,320

Contract liabilities

22

10,995

4,940

Lease liabilities

23

595

641

Provisions

24

577

402

Contingent consideration

25

37,153

15,183

Employee benefit obligations

26

13,912

7,551

Total current liabilities

157,408

85,556

Non-current liabilities

Borrowings

21

8,209

3,312

Contract liabilities

22

12,162

22,522

Lease liabilities

23

7,677

6,493

Provisions

24

8,004

7,482

Contingent consideration

25

55,601

49,766

Employee benefit obligations

26

330

215

Total non-current liabilities

91,983

89,790

Total liabilities

249,391

175,346

Net assets

148,911

80,007

Equity

Share capital

27.1

446,268

370,972

Share capital reserve

27.2

(62,829)

(26,909)

Foreign currency translation reserve

(5,414)

(562)

Share-based payments reserve

27.3

35,446

9,321

Financial assets at FVOCI reserve

27.4

(895)

-

Accumulated losses

(263,665)

(272,815)

Total equity

148,911

80,007

The above consolidated statement of financial position should be read in conjunction with the accompanying notes.