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LEASES (Tables)

12 Months Ended

Dec. 31, 2023

The consolidated statements of financial position show the following amounts relating to the right-of-use assets:

The following table represents the movement of the restoration provision:

In thousands of USD
Restoration provision at December 31, 2021			-
Recognition through asset acquisition			1,343
Change in provision			-
Restoration provision at December 31, 2022			1,343
Change in provision			-
Exchange adjustments			20
Restoration provision at December 31, 2023			1,363

The consolidated statements of financial position show the following amounts relating to the lease liabilities:

	At December 31,
In thousands of USD	2023		2022
Lease liabilities mature within 12 months		5,288		4,973
Lease liabilities mature over 12 months		64,923		65,452
Total lease liabilities *		70,211		70,425

*	Lease liabilities in amount of approximately US$4.6 million and US$4.7 million was related to the leasehold land included in the investment properties as of December 31, 2023 and 2022, respectively. See Note 12.

Amounts recognized in profit or loss:

	Years ended December 31,
In thousands of USD	2023		2022		2021
Depreciation expense of right-of-use assets		6,624		5,371		4,636
Gain on lease modification		-		-		(205	)
Interest expense ^*		2,605		2,425		1,217
Expenses relating to variable payment leases		224		639		610
Expenses relating to short-term leases		286		527		351
Total		9,739		8,962		6,609

*	The interest expense includes the amount related to the leasehold land included in the investment properties for the years ended December 31, 2023, 2022 and 2021 of approximately US$0.2 million, US$0.1 million and nil, respectively. See Note 12.