Financial instruments and fair value disclosures (Tables)
|
12 Months Ended |
Sep. 30, 2021 |
|---|
| Financial instruments and fair value disclosures |
|
| Summary of financial assets at amortised cost |
|
|
|
|
|
|
|
Carrying value |
|
Fair value |
$ |
|
30 September 2021 |
|
30 September 2021 |
Cash and cash equivalents |
|
86,965,789 |
|
86,965,789 |
Trade and other receivables |
|
56,591 |
|
56,591 |
|
|
87,022,380 |
|
87,022,380 |
|
|
|
|
|
|
|
Carrying value |
|
Fair value |
$ |
|
30 September 2020 |
|
30 September 2020 |
Cash and cash equivalents |
|
194,602 |
|
194,602 |
Trade and other receivables |
|
215,835 |
|
215,835 |
|
|
410,437 |
|
410,437 |
|
|
|
|
|
|
|
Carrying value |
|
Fair value |
|
|
30 September 2019 |
|
30 September 2019 |
Cash and cash equivalents |
|
4,226,524 |
|
4,226,524 |
Trade and other receivables |
|
883,522 |
|
883,522 |
|
|
5,110,046 |
|
5,110,046 |
|
| Summary of financial liabilities at amortised cost |
|
|
|
|
|
|
|
Carrying value |
|
Fair value |
$ |
|
30 September 2021 |
|
30 September 2021 |
Trade and other payables |
|
16,658,633 |
|
16,658,633 |
Deferred government grants |
|
2,459,413 |
|
2,459,413 |
|
|
19,118,046 |
|
19,118,046 |
|
|
|
|
|
|
|
Carrying value |
|
Fair value |
$ |
|
30 September 2020 |
|
30 September 2020 |
Trade and other payables |
|
2,054,281 |
|
2,054,281 |
Deferred government grants |
|
534,074 |
|
534,074 |
Bridging finance |
|
1,033,632 |
|
1,033,632 |
Convertible loans |
|
4,426,340 |
|
4,426,340 |
|
|
8,048,327 |
|
8,048,327 |
|
|
|
|
|
|
|
Carrying value |
|
Fair value |
$ |
|
30 September 2019 |
|
30 September 2019 |
Trade and other payables |
|
3,728,707 |
|
3,728,707 |
Deferred government grants |
|
206,696 |
|
206,696 |
Convertible loans |
|
3,297,468 |
|
3,297,468 |
|
|
7,232,871 |
|
7,232,871 |
|
| 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 |
$ |
|
2021 |
|
2021 |
|
2021 |
Warrant liability |
|
128,038,431 |
|
75,899,762 |
|
52,138,669 |
|
|
128,038,431 |
|
75,899,762 |
|
52,138,669 |
|
| Disclosure of Foreign exchange Risk |
|
|
|
Year ended 30/09/2021 ’000 |
|
/£ |
Parent |
|
— |
UK subsidiary |
|
23,019 |
Total |
|
23,019 |
The reasonable shifts in exchange rates below are based on historic volatility.
If the $/£ rates moved by +/- 5.88% then the effect on loss would be as follows:
|
|
|
|
Year ended 30/09/2021 ’000 |
|
$ |
|
Reasonable shift |
|
5.88 |
% |
Total effect on Loss of +ve movements |
|
(1,353) |
|
Total effect on Loss of -ve movements |
|
1,353 |
|
|
| 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 |
|
|
2021 |
|
other |
|
government |
|
|
$ |
|
payables |
|
grants |
|
Total |
On demand |
|
— |
|
— |
|
— |
Within one year |
|
17,068,655 |
|
— |
|
17,068,655 |
More than one year but less than two years |
|
— |
|
— |
|
— |
More than two year but less than five years |
|
— |
|
2,459,413 |
|
2,459,413 |
More than five years |
|
— |
|
— |
|
— |
|
|
17,068,655 |
|
2,459,413 |
|
19,528,068 |
24. Financial instruments and fair value disclosures (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade and |
|
Deferred |
|
|
|
|
|
|
2020 |
|
other |
|
government |
|
|
|
Convertible |
|
|
$ |
|
payables |
|
grants |
|
Loans |
|
loan notes |
|
Total |
On demand |
|
— |
|
— |
|
— |
|
— |
|
— |
Within one year |
|
2,385,777 |
|
— |
|
1,033,632 |
|
4,426,340 |
|
7,845,749 |
More than one year but less than two years |
|
— |
|
— |
|
— |
|
— |
|
— |
More than two year but less than five years |
|
— |
|
534,074 |
|
— |
|
— |
|
534,074 |
More than five years |
|
— |
|
— |
|
— |
|
— |
|
— |
|
|
2,385,777 |
|
534,074 |
|
1,033,632 |
|
4,426,340 |
|
8,379,823 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade and |
|
Deferred |
|
|
|
|
|
|
2019 |
|
other |
|
government |
|
|
|
Convertible |
|
|
$ |
|
payables |
|
grants |
|
Loans |
|
loan notes |
|
Total |
On demand |
|
— |
|
— |
|
— |
|
— |
|
— |
Within one year |
|
3,798,286 |
|
— |
|
— |
|
— |
|
3,798,286 |
More than one year but less than two years |
|
— |
|
— |
|
— |
|
3,297,468 |
|
3,297,468 |
More than two year but less than five years |
|
— |
|
206,696 |
|
— |
|
— |
|
206,696 |
More than five years |
|
— |
|
— |
|
— |
|
— |
|
— |
|
|
3,798,286 |
|
206,696 |
|
— |
|
3,297,468 |
|
7,302,450 |
|