Red Bubble Annual Report 2022

Notes to the Consolidated Financial Statements For the Year Ended 30 June 2022 Notes 2022 $’000 2021 $’000 Cash flows from operating activities Receipts from customers 636,324 715,556 Payments to artists (87,497) (100,907) Payments to fulfillers (296,619) (330,093) Payments to other suppliers and employees (249,510) (228,785) Payments of interest (410) (333) Receipts of interest 23 27 Income taxes received/(paid) 484 (360) Net cash provided by/(used in) operating activities 2,795 55,105 Cash flows from investing activities Payments for property, plant and equipment 12 (2,303) (861) Payments for development of intangible assets (8,892) (5,384) Payment of deferred consideration for TeePublic acquisition(1) – (979) Proceeds from net investment in subleases – 854 Net cash provided by/(used in) investing activities (11,195) (6,370) Cash flows from financing activities Payments for lease liabilities 14 (3,473) (3,919) Proceeds from exercise of share options 17(b) 1,459 8,366 Payment of withholding taxes to US tax authorities on settlement of restricted stock units funded by shares withheld 17(b) (1,276) (3,155) Payments for limited recourse loans to related parties(2) – (1,600) Net cash provided by/(used in) financing activities (3,290) (308) Net increase/(decrease) in cash and cash equivalents held (11,690) 48,427 Cash and cash equivalents at beginning of year 98,686 58,129 Effect of exchange rate changes on cash and cash equivalents 2,137 (7,870) Cash and cash equivalents at the end of the financial year 89,133 98,686 (1) I n FY2019, the Group acquired 100% of TP Apparel LLC and its subsidiary TP Apparel Europe Limited (TeePublic). The final deferred consideration payment of US $0.7 million (AU $1.0m) was made in the prior year. (2) I n the prior year the Group provided a limited recourse loan to the CEO to purchase Redbubble Ltd shares on-market. Details of this transaction are disclosed in Note 22(b). The above Consolidated Statement of Cash Flows should be read in conjunction with accompanying notes. Notes Page 1. Basis of Preparation 64 2. Changes in significant accounting policies 64 Performance 3. Revenue from contracts with customers 64 4. Employee and contractor costs 65 5. Marketing expenses 65 6. Operations, administration and technology expenses 65 7. Income tax 65 8. Earnings per share 68 Cash 9. Cash and cash equivalents 69 10. Financial risk management 70 Assets 11. Other assets 73 12. Property, plant and equipment 73 13. Intangible assets 75 14. Leases 77 Liabilities 14. Leases 77 15. Trade and other payables 78 16. Employee benefits liabilities 79 Equity 17. Contributed equity and reserves 79 Group structure 18. Interests in subsidiaries 81 19. Parent entity financial information 82 Unrecognised items 20. Commitments and contingencies 83 Others 21. Share-based payments 83 22. Related party transactions 85 23. Remuneration of auditors 86 24. Segment information 86 25. Events occurring after the balance sheet date 87 26. Other significant accounting policies 87 Consolidated Statement of Cash Flows For the Year Ended 30 June 2022 63 Redbubble – Annual Report 2022 62 Redbubble – Annual Report 2022

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