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Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities    
Net profit /(loss) for the period $ 552,121 $ (5,501,101)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of intangible assets (Note7) 490,672 440,084
Bad debt expense/ (recovery) 56,224
Depreciation (Note 6) 75,415 103,071
Fair value of share-based payments 2,902,291 26,912
Financing interest 1,633,989
Loss / (gain) on unrealized foreign exchange (76,235) 741,527
Lease finance charge
Operating lease expense 217,359 208,990
Share of Noncontrolling interest 827,685
Other adjustments relating to disposal of subsidiary (534,204)
Gain on disposal of REP and BEP1 (17,622,891)
Changes in operating assets and liabilities:    
Short-term investments and amounts held in trust 56,483 391,331
Accounts receivable and other receivables (1,587,823) 3,001,963
Accrued revenue 197,223 294,472
Prepaid expenses, parts inventory and advances (1,010,352) (1,018,499)
Security deposit and other advances (2,070,442) 21,881
Lease payments (130,366) (249,024)
Prepaid manufacturing costs (432,985) (804,949)
Accounts payable and accrued liabilities 4,251,677 (4,510,808)
Warranty provision (164,169) (43,331)
Contract liabilities 860,800 1,957,452
Due to related parties (60,880) 69,547
Net cash used in operating activities (11,568,408) (4,870,482)
Investing Activities    
Additions of property and equipment (35,035) (9,052)
Projects under development (11,832,571) (15,316,717)
Proceeds from disposal of subsidiaries (Net Proceeds) 13,978,850
Acquisition of BESS Italy SPV’s (1,398,881)
Net cash provided by/(used in) investing activities 712,363 (15,325,769)
Financing Activities    
Noncontrolling interest (Note 7(a) and (b)) 16,167,081
Proceeds from loan facility (Note 13) 3,782,462 1,667,426
Loans Paid - Principal (2,359,654)
Loans Paid - Interest (479,919)
Long term obligations – Disposal of debt through sale of assets (Note 8) 9,451,466
Net cash provided by financing activities 10,394,355 17,834,507
Effect of foreign exchange rate changes on cash 627,436 (899,218)
Change in cash and cash equivalents 165,746 (3,260,962)
Cash and cash equivalents, beginning of period 1,273,738 6,286,468
Cash and cash equivalents, end of period 1,439,484 3,025,506
Cash and cash equivalents $ 1,439,484 $ 3,025,506