Fair value measurement (Tables)

12 Months Ended

Dec. 31, 2020

The following table provides the fair value measurement hierarchy of the Group’s assets and liabilities:


		Fair value measurement using:
		Quoted prices
		in active	Observable	Unobservable
		markets	inputs	inputs
	Total	(Level 1)	(Level 2)	(Level 3)
	US$(000)	US$(000)	US$(000)	US$(000)

As of December 31, 2020-
Assets and liabilities measured at fair value:
Fair value of account receivable (subject to provisional pricing)	126,553	—	126,553	—
Bank loans	65,793	—	65,793	—
Financial obligations	531,745	—	531,745	—
Contingent consideration liability	22,100	—	—	22,100
Hedge instruments	18,439	—	18,439	—

As of December 31, 2019 -
Assets and liabilities measured at fair value:
Fair value of account receivable (subject to provisional pricing)	165,546	—	165,546	—
Bank loans	55,000	—	55,000	—
Financial obligations	571,688	—	571,688	—
Contingent consideration liability	16,410	—	—	16,410
Hedge instruments	—	—	—	—

The following table summarizes the quantitative information about the significant unobservable inputs used in level 3 fair value measurements:


	Fair value as of
	December 31,	Unobservable			Relationship of unobservable
Description	2020	inputs	Range of inputs		inputs to fair value
Contingent consideration liability	22,100	Rate before tax	9.30	%	A change in the discount rate by 10% (rate of 0.93%) higher/lower, the fair value would increase/decrease in US$1.5 million.
		Expected revenues annual average (US$000)	222,238		If expected sales change by 10% higher/lower, the fair value would increase/decrease in US$2.2 million.