Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Financial instruments and fair value disclosures (Tables)

v3.22.2.2
Financial instruments and fair value disclosures (Tables)
12 Months Ended
Sep. 30, 2022
Financial instruments and fair value disclosures  
Summary of financial assets at amortised cost

Carrying value

Fair value

$'000

    

30 September 2022

    

30 September 2022

Cash and cash equivalents

48,966

 

48,966

Trade and other receivables

6,899

 

6,899

55,865

 

55,865

    

Carrying value

    

Fair value

$'000

    

30 September 2021

    

30 September 2021

Cash and cash equivalents

 

86,966

 

86,966

Trade and other receivables

 

57

 

57

 

87,023

 

87,023

    

Carrying value

    

Fair value

$'000

    

30 September 2020

    

30 September 2020

Cash and cash equivalents

 

195

 

195

Trade and other receivables

 

216

 

216

 

411

 

411

Summary of financial liabilities at amortised cost

    

Carrying value

    

Fair value 

$'000

30 September 2022

30 September 2022

Trade and other payables

22,655

 

22,655

Lease liabilities

7,834

7,834

30,489

 

30,489

    

Carrying value

    

Fair value

$'000

    

30 September 2021

    

30 September 2021

Trade and other payables

 

16,659

 

16,659

 

16,659

 

16,659

    

Carrying value

    

Fair value

$'000

    

30 September 2020

    

30 September 2020

Trade and other payables

 

2,054

 

2,054

Bridging finance

 

1,034

 

1,034

Convertible loans

4,426

4,426

 

7,514

 

7,514

Schedule of Financial liabilities at fair value through profit or loss

Fair value

Fair value

Carrying value

Level 2

Level 3

30 September

30 September

30 September

$'000

    

2022

    

2022

    

2022

Warrant liability

10,644

 

5,756

 

4,888

10,644

 

5,756

 

4,888

Fair value

Fair value

Carrying value

Level 2

Level 3

30 September

30 September

30 September

$'000

    

2021

    

2021

    

2021

Warrant liability

128,038

 

75,900

 

52,139

128,038

 

75,900

 

52,139

Disclosure of Foreign exchange Risk

Year ended 30/09/2022

    

£'000

Parent

 

UK subsidiary

 

73,889

Total

 

73,889

The reasonable shifts in exchange rates below are based on historic volatility.

If the $/£ rates moved by +/- 10.41% then the effect on profit would be as follows:

Year ended 30/09/2022

    

$'000

 

Reasonable shift

 

10.41

%

Total effect on Loss of +ve movements

 

7,694

Total effect on Loss of -ve movements

 

(7,694)

Summary of maturity profile of the anticipated future cash flows including interest, using the latest applicable relevant rate, based on the earliest date on which the Company can be required to pay financial liabilities on an undiscounted basis

Trade and

    

Deferred

    

Lease

2022

other

government

Liabilities

$'000

    

payables

    

grants

    

Total

On demand

 

 

Within one year

22,655

 

 

1,154

23,809

More than one year but less than two years

 

 

1,760

1,760

More than two year but less than five years

 

4,183

 

3,767

7,950

More than five years

 

 

22,655

 

4,183

 

6,681

33,519

    

Trade and

    

Deferred

    

    

    

    

    

    

2021

other

government

Convertible

$'000

    

payables

    

grants

    

Loans

    

 loan notes

    

Total

On demand

 

 

 

 

 

Within one year

 

17,069

 

 

 

 

17,069

More than one year but less than two years

 

 

 

 

 

More than two year but less than five years

 

 

2,459

 

 

 

2,459

More than five years

 

 

 

 

 

 

17,069

 

2,459

 

 

 

19,528

    

Trade and

    

Deferred

    

    

    

    

    

    

2020

other

government

Convertible

$'000

    

payables

    

grants

    

Loans

    

loan notes

    

Total

On demand

 

 

 

 

 

Within one year

 

2,386

 

 

1,034

 

4,426

 

7,846

More than one year but less than two years

 

 

 

 

 

More than two year but less than five years

 

 

534

 

 

 

534

More than five years

 

 

 

 

 

 

2,386

 

534

 

1,034

 

4,426

 

8,380