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Bank loans

12 Months Ended

Dec. 31, 2021

Bank loans

Bank loans

13.  Bank loans

The movement is presented below:

​

​	​	​	​	​	​	​
​		2021		2020		2019
​	​	US$(000)	​	US$(000)	​	US$(000)
​	​	​	​	​	​	​
Beginning balance		65,793		55,000		95,000
​	​	​	​	​	​	​
New loans		50,000		18,019		55,000
Payments		(65,793)		(7,197)		(95,000)
Exchange difference		—		(29)		—
​	​	​	​	​	​	​
Final balance		50,000		65,793		55,000

​

As of December 31, 2021 and 2020, bank loans were obtained for working capital purposes, have current maturity and accrue interest at market annual rates ranging of 1.65% as of December 31, 2021 (1.65% to 3.7% as of December 31, 2020). On July 7, 2021, the terms of the loan with a maturity in 2021 were negotiated, and the term was renewed for 360 days.

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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

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