Red Bubble Annual Report 2022

8. Earnings per share Basic earnings per share (EPS) Basic EPS is calculated by dividing the profit attributable to ordinary equity holders of the Company by the weighted average number of ordinary shares outstanding during the financial year. Diluted EPS Diluted EPS is calculated by dividing the profit attributable to ordinary equity holders of the Company (after adjusting for the after income tax effect of interest and other financing costs associated with the dilutive potential ordinary shares) by the weighted average number of ordinary shares outstanding during the financial year plus the weighted average number of ordinary shares that would be issued on conversion of all the dilutive potential ordinary shares into ordinary shares. Basic and diluted earnings per share The following table reflects the profit/(loss) and share data used in the basic and diluted EPS calculations: 2022 $’000 2021 $’000 Profit/(loss) attributable to the ordinary equity holders of the company used in calculating basic and diluted earnings per share (24,588) 31,247 Weighted average number of shares used as the denominator 2022 Number(1) 2021 Number Weighted average number of shares used as denominator in calculating basic earnings per share 274,393,330 270,031,293 Adjustments for calculation of diluted earnings per shares: Add: Options – 4,269,483 Add: Restricted stock units – 1,156,139 Add: Share appreciation rights – 1,652,778 Weighted average number of shares used as denominator in calculating diluted earnings per share 274,393,330 277,109,693 (1) I n FY2022, none of the options, restricted stock units and share appreciation rights that could be considered as potential ordinary shares have been included in determination of diluted EPS, since they are anti-dilutive. Due to losses incurred, inclusion of potential ordinary shares in weighted average number of shares would increase the denominator used in calculating diluted EPS and thereby reduce the loss per share. There have been no other transactions involving ordinary shares or potential ordinary shares between the reporting date and the date of authorisation of these financial statements that would significantly impact the above calculations. Notes to the Consolidated Financial Statements continued For the Year Ended 30 June 2022 9. Cash and cash equivalents 2022 $’000 2021 $’000 Cash at bank and on hand 89,133 98,686 Total cash and cash equivalents 89,133 98,686 (a) Reconciliation of profit / (loss) for the year to net cash inflow from operating activities Notes 2022 $’000 2021 $’000 Profit/(Loss) for the year (24,588) 31,247 Non-cash items (Recognition)/de-recognition of net deferred tax asset 7(d) 1,519 (2,022) Depreciation and amortisation 10,676 13,331 Amortisation of share-based payments 6,887 6,705 Net exchange differences (3,736) 9,255 Net loss on the disposal/write off of property, plant and equipment and intangible assets 66 241 Income tax benefit recognised directly in equity for Employee Share Trust deductions 2,153 9,900 Other - (129) Change in operating assets and liabilities Net decrease/(increase) in trade and other receivables, prepayments and other assets (911) 3,245 Net (decrease) in current tax liabilities (956) (238) Net increase/(decrease) in trade and other payables, employee benefit and other liabilities and provisions 10,897 190 Net increase/(decrease) in unearned revenue 788 (16,620) Net cash provided by operating activities 2,795 55,105 (b) Changes in liabilities arising from financing activities Lease liabilities Notes 2022 $’000 2021 $’000 Opening balance at 1 July 6,002 9,763 Cash flows from principal repayments 14 (3,473) (3,919) New leases 14 6,675 826 Interest expense incurred over rent free period 40 – Foreign exchange movement 14 381 (668) Closing balance 30 June 9,625 6,002 69 Redbubble – Annual Report 2022 68 Redbubble – Annual Report 2022

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