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Bank loans

12 Months Ended

Dec. 31, 2018

Disclosure Of Bank Loans [Abstract]

Disclosure of loans and advances to banks [text block]

13. Bank loans

The movement is presented below:

		2018				2017				2016
		US$(000)				US$(000)				US$(000)
Beginning balance			96,215				55,000				285,302
New loans			95,000				341,215				200,500
Disbursements			(95,000	)			(300,000	)			(442,957	)
Sale of subsidiary			(1,215	)			-				-
Exchange difference			-				-				12,155
Final balance			95,000				96,215				55,000

As of December 31, 2018 and 2017, bank loans were obtained for working capital purposes, have current maturity and accrue interest at market annual rates ranging from 2.00% to 3.13% as of December 31, 2018 (1.15% to 6.85% as of December 31, 2017).

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- References

No definition available.

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- Definition

The disclosure of loans and advances to banks. [Refer: Loans and advances to banks]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
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-IssueDate 2018-01-01
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-URIDate 2018-03-16

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