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Income Taxes (Tables) | 6 Months Ended
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Jun. 30, 2023
Income taxes |
Schedule of amounts recognised in profit or loss | ​
​ | ​ | ​ | ​ | ​
​ |  | Six months ended 30 June
US$ thousand | ​ | 2023 |  | 2022
Current income tax expense |  | — |  | —
​ |  | — |  | —
​ | ​ | ​ | ​ | ​
Deferred tax expense/(benefit) |  |  |  |
Origination and reversal of temporary differences |  | (1,469) |  | —
​ |  | (1,469) |  | —
Total income tax expense/(benefit) |  | (1,469) |  | —
Summary of reconciliation of income tax expense | ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | Six months ended 30 June |
US$ thousand | ​ | 2023 |  | 2022 |
Profit/(loss) before income tax for the period |  | (33,732) |  | (11,767) | ​
Total tax expense/(benefit) |  | (1,469) |  | — | ​
Profit/(loss) after income tax |  | (32,263) |  | (11,767) | ​
​ | ​ | ​ | ​ | ​ | ​
Tax using the statutory rate of 30% (2022 – 0%) |  | — |  | — | ​
Tax effects of foreign jurisdiction (Australia): |  |  |  |  | ​
Tax at the Australian tax rate of 30% (2022 – Cayman Island 0%) |  | (10,120) |  | — | ​
Tax rate differential |  | 8,471 |  |  | ​
Non-deductible expenses |  | 180 |  | — | ​
Income tax expense/(benefit) |  | (1,469) |  | — | ​
Schedule of movement in deferred tax balances | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ |  | Acquired |  | ​ |  | ​ |  | ​ |  | ​
​ | ​ | ​ | ​ | through | ​ | Recognised | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Net balance | ​ | business | ​ | in profit or | ​ | Net balance | ​ | Deferred tax | ​ | Deferred tax
US$ thousand |  | at 1 January 2023 | ​ | combination | ​ | loss | ​ | at 30 June 2023 | ​ | assets | ​ | liabilities
Inventories |  | — |  | 491 |  | (4,896) |  | (4,405) |  | — |  | (4,405)
Property, plant and equipment |  | — |  | (154,903) |  | (4,320) |  | (159,223) |  | — |  | (159,223)
Lease liability |  | — |  | 151 |  | 4,723 |  | 4,874 |  | 4,874 |  | —
Provisions |  | — |  | 11,320 |  | 235 |  | 11,555 |  | 11,555 |  | —
Tax losses |  | — |  | — |  | 5,833 |  | 5,833 |  | 5,833 |  | —
Other |  | — |  | — |  | (106) |  | (106) |  | — |  | (106)
Net tax assets/(liabilities) |  | — |  | (142,941) |  | 1,469 |  | (141,472) |  | 22,262 |  | (163,734)

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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References No definition available. + Details
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