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Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure of detailed information about financial instruments [line items]

Summary of Impairment Losses on Financial Assets

Impairment losses on financial assets recognized in profit or loss were as follows:


	2021			2020			2019
(in $ millions)	$			$			$

Trade receivables		8			33			35
Loans and advances at amortized cost		11			10			15
Payment cycle receivables		5			3			12
Other receivables		3			11			(5	)
Time deposits		(8	)		8			*
Cash and cash equivalents		—			(2	)		(1	)

		19			63			56

Amount less than $1 million

Summary of Exposure to Credit Risk for Trade Receivables at Reporting Date

The exposure to credit risk for trade receivables at the reporting date by geographic region was as follows:


	Net carrying amount
	2021		2020
(in $ millions)	$		$

Indonesia		36		39
Singapore		25		20
Philippines		5		7
Malaysia		13		6
Vietnam		7		7
Other countries		9		5

		95		84

Summary of Exposure To Credit Risk and ECLs For Loans and Advances to Customers

The following table provides information about the exposure to credit risk and ECLs for loans and advances to customers.


	Weighted average loss rate		Gross carrying amount		Loss allowance			Credit- impaired
(in $ millions)	%		$		$
2021
Current (not past due)		5.37		97		(5	)		No
1 – 30 days past due		12.84		16		(2	)		No
31 – 60 days past due		46.53		2		(1	)		No
61 – 90 days past due		56.23		1		(1	)		No
91 – 120 days past due		87.43		1		(1	)		Yes
More than 121 days		91.12		1		(1	)		Yes

				118		(11	)


	Weighted average loss rate		Gross carrying amount		Loss allowance			Credit- impaired
(in $ millions)	%		$		$
2020
Current (not past due)		7.19		29		(2	)		No
1 – 30 days past due		42.85		5		(2	)		No
31 – 60 days past due		79.55		3		(2	)		No
61 – 90 days past due		80.80		1		(1	)		No
91 – 120 days past due		100.00		1		(1	)		Yes
More than 121 days		100.00		1		(1	)		Yes

				40		(9	)

Summary of Movement in the Allowance

The movement in the allowance for impairment in respect of trade receivables during the year was as follows:


	2021			2020
(in $ millions)	$			$
At January 1		40			26
Impairment loss recognized		8			33
Amounts written off		(24	)		(20	)
Exchange translation differences		(2	)		1
At December 31		22			40

Summary of Exposure to Credit Risk for Loans and Advances

The exposure to credit risk for loans and advances at the reporting date by geographic region was as follows:


	Carrying amount
	2021		2020
(in $ millions)	$		$
Malaysia		14		2
Singapore		40		9
Thailand		33		11
Philippines		13		7
Indonesia		2		*
Vietnam		5		2

		107		31

Amount less than $1 million

Summary of Contractual Maturities of Financial Liabilities

The following are the contractual maturities of financial liabilities considered in the context of the Group’s liquidity risk management strategy. The amounts are gross and undiscounted and include contractual interest payments.


			Contractual cash flows
	Carrying amount		Total			Less than 1 year			1 to 5 years			More than 5 years
(in $ millions)	$		$			$			$			$
2021
Financial liabilities
Bank loans		138		(150	)		(74	)		(76	)		—
Term loan		1,914		(2,422	)		(131	)		(2,291	)		—
Trade and other payables		780		(780	)		(770	)		(10	)		—
Lease liabilities		123		(197	)		(23	)		(58	)		(116	)
		2,955		(3,549	)		(998	)		(2,435	)		(116	)
2020
Financial liabilities
Bank loans		212		(233	)		(136	)		(97	)		—
Trade and other payables		586		(586	)		(585	)		(1	)		—
Lease liabilities		39		(40	)		(19	)		(21	)		*
Convertible redeemable preference shares		10,767		(15,535	)		—			(15,535	)		—

		11,604		(16,394	)		(740	)		(15,654	)		*

Amount less than $1 million

Summary of Interest Rate Profile of the Group's Interest-bearing Financial Instruments

The interest rate profile of the Group’s interest-bearing financial instruments as reported to the management of the Group is as follows:


	Carrying amount
	2021			2020
(in $ millions)	$			$
Fixed-rate instruments
Other investments		3,178			1,282
Cash and cash equivalents		4,991			2,173
CRPS (liability component)		—			(10,767	)
Bank loans		(100	)		(162	)
Variable-rate instruments
Bank loans		(38	)		(50	)
Term loan		(1,914	)		—

Summary of Accounting Classification and Fair Values

The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.


			Carrying amount									Fair value
	Note		Fair value			Amortized cost			Total			Level 1			Level 2		Level 3			Total
			$			$			$			$			$		$			$
(in $ millions)
December 31, 2021
Financial assets
Debt investments				685			—			685			594			91		—			685
Equity investments		7		618			—			618			457			—		161			618
Time deposits		7		—			3,178			3,178			—			—		—			—
Trade and other receivables		8		—			255			255			—			—		—			—
Other assets		9		—			172			172			—			—		—			—
Cash and cash equivalents		10		—			4,991			4,991			—			—		—			—
Total				1,303			8,596			9,899			1,051			91		161			1,303
Financial liabilities
Term loan				—			(1,914	)		(1,914	)		—			—		—			—
Warrant liabilities		13		(54	)		—			(54	)		(21	)		—		(33	)		(54	)
Bank loans		14		—			(138	)		(138	)		—			—		—			—
Trade and other payables		16		(9	)		(771	)		(780	)		—			—		(9	)		(9	)
Total				(63	)		(2,823	)		(2,886	)		(21	)		—		(42	)		(63	)


			Carrying amount								Fair value
	Note		Fair value		Amortized cost			Total			Level 1		Level 2		Level 3		Total
			$		$			$			$		$		$		$
(in $ millions)
December 31, 2020
Financial assets
Debt investments				250		—			250			228		22		—		250
Equity investments		7		143		—			143			—		—		143		143
Time deposits		7		—		1,282			1,282			—		—		—		—
Trade and other receivables		8		—		172			172			—		—		—		—
Other assets		9		—		42			42			—		—		—		—
Cash and cash equivalents		10		—		2,173			2,173			—		—		—		—
Total				393		3,669			4,062			228		22		143		393
Financial liabilities
Convertible redeemable preference shares – liability component				—		(10,767	)		(10,767	)		—		—		—		—
Bank loans		14		—		(212	)		(212	)		—		—		—		—
Trade and other payables		16		—		(586	)		(586	)		—		—		—		—
Total				—		(11,565	)		(11,565	)		—		—		—		—

Summary of Reconciliation from the Opening Balances to the Ending Balances

The following table shows a reconciliation from the opening balances to the ending balances for Level 3 fair values:


	$
(in $ millions)
At January 1, 2020		132
Net change in fair value (unrealized)		(42	)
Net purchases/ (issuances)		53
At December 31, 2020		143
At January 1, 2021		143
Net change in fair value (unrealized)		35
Net purchases/ (issuances)		(59	)
At December 31, 2021		119

Summary of Movements in Allowance for Impairment in Respect of Loans and Advances

Movements in allowance for impairment in respect of loans and advances

The movement in the allowance for impairment in respect of loans and advances during the year was as follows:


	2021			2020
(in $ millions)	$			$

At January 1		9			13
Impairment loss recognized		11			10
Amounts written off		(9	)		(14	)
Exchange translation differences		*			*

At December 31		11			9

Amount less than $1 million

Loans to consumers [member]

Disclosure of detailed information about financial instruments [line items]

Summary of Exposure To Credit Risk and ECLs For Trade Receivables

The following table provides information about the exposure to credit risk and ECLs for trade receivables as at December 31:


	Weighted average loss rate		Gross carrying amount		Loss allowance			Credit impaired
(in $ millions)	%		$		$
2021
Current (not past due)		2.94		70		(2	)		No
1 – 30 days past due		10.08		17		(2	)		No
31 – 60 days past due		20.46		10		(2	)		No
61 – 90 days past due		50.14		5		(2	)		No
91 – 120 days past due		55.76		4		(3	)		No
More than 121 days		98.54		11		(11	)		Yes

				117		(22	)


	Weighted average loss rate		Gross carrying amount		Loss allowance			Credit impaired
(in $ millions)	%		$		$
2020
Current (not past due)		7.48		68		(5	)		No
1 – 30 days past due		16.65		17		(3	)		No
31 – 60 days past due		45.85		4		(2	)		No
61 – 90 days past due		49.32		4		(2	)		No
91 – 120 days past due		76.74		3		(2	)		No
More than 121 days		94.57		28		(26	)		Yes

				124		(40	)