v3.21.2
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2020
Century Skyway Limited  
Schedule of disposal groups, discontinued operations

The following table presents the components of discontinued operations reported in the consolidated balance sheets:

 

 

 

 

 

 

    

As of

 

 

December 31,

 

 

2018

Cash

 

$

 5

Advances to suppliers

 

 

45

Goodwill

 

 

12,831

Intangible assets

 

 

16,402

Long-live asset subtotal

 

 

16,402

Assets held for sale

 

 

29,283

Classified as:

 

 

  

— Current

 

 

12,881

— Non-current

 

 

16,402

 

 

 

 

Other payables, accrued liabilities and customer deposits

 

$

182

Deferred tax liabilities

 

 

4,100

Liabilities held for sale

 

 

4,282

Classified as:

 

 

  

— Current

 

 

182

— Non-current

 

 

4,100

 

The following table presents the components of discontinued operations reported in the consolidated statements of comprehensive loss:

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

    

2020

    

2019

    

2018

Revenues

 

$

 —

 

$

 —

 

$

 —

Cost of revenues

 

 

 —

 

 

 —

 

 

 —

Operating expenses

 

 

 —

 

 

(7)

 

 

(8,005)

Loss before provision for income taxes

 

 

 —

 

 

(7)

 

 

(8,005)

Income tax credit

 

 

 —

 

 

 —

 

 

492

Loss from discontinued operations, net of income taxes

 

 

 —

 

 

(7)

 

 

(7,513)

 

 

The following table summarizes the net assets of CSL at the date of disposal:

 

 

 

 

 

 

 

 

Date of disposal

 

 

 

of 51% equity

 

 

 

interest in CSL

 

 

    

(December 31, 2019)

 

Cash

 

$

 2

 

Advances to suppliers

 

 

44

 

Goodwill

 

 

12,831

 

Intangible assets

 

 

16,402

 

Long-live asset subtotal

 

 

16,402

 

Other payables, accrued liabilities and customer deposits

 

 

(185)

 

Deferred tax liabilities

 

 

(4,100)

 

Net assets of CSL upon disposal

 

 

24,994

 

 

 

 

51

%

Interests in net assets of CSL being disposed of

 

 

12,747

 

Consideration

 

 

12,750

 

Gain on disposal of subsidiary

 

 

 3

 

 

Boca International Limited  
Schedule of disposal groups, discontinued operations

The following table presents the components of discontinued operations reported in the consolidated balance sheets:

 

 

 

 

 

 

    

As of

 

 

December 31,

 

 

2019

Cash

 

$

35

Accounts receivable, net

 

 

25

Operating lease right-of-use assets, net

 

 

95

Other receivables and prepayments

 

 

37

 

 

 

 

Equipment

 

 

2,799

Intangible assets

 

 

2,377

Long-live asset subtotal

 

 

5,271

 

 

 

 

Assets held for sale

 

 

5,368

Classified as:

 

 

  

— Current

 

 

97

— Non-current

 

 

5,271

 

 

 

 

Other payables and accrued liabilities

 

$

4,274

Operating lease liability, current

 

 

68

Operating lease liability, non-current

 

 

29

Deferred tax liabilities

 

 

594

Liabilities held for sale

 

 

4,965

Classified as:

 

 

  

— Current

 

 

4,342

— Non-current

 

 

623

 

The following table presents the components of discontinued operations reported in the consolidated statements of comprehensive loss:

 

 

 

 

 

 

 

 

 

 

 

 

 

For eight months ended

 

 

 

 

 

 

 

 

August 31,

 

Year ended December 31,

 

    

2020

    

2019

    

2018

Revenues

 

$

812

 

$

410

 

$

10

Cost of revenues

 

 

(523)

 

 

(1,738)

 

 

(1,378)

Operating expenses

 

 

(363)

 

 

(39,613)

 

 

(10,489)

Other income (expenses)

 

 

 —

 

 

(218)

 

 

(140)

Loss before provision for income taxes

 

 

(74)

 

 

(41,159)

 

 

(11,997)

Income tax credit

 

 

79

 

 

5,050

 

 

327

Gain (Loss) from discontinued operations, net of income taxes

 

 

 5

 

 

(36,109)

 

 

(11,670)

 

The following table summarizes the net assets of Boca at the date of disposal:

 

 

 

 

 

 

 

    

Date of disposal

 

 

 

 of 51% equity 

 

 

 

 interest in Boca 

 

 

 

 (August 31, 2020)

 

Cash

 

$

 2

 

Accounts receivable

 

 

186

 

Operating lease right-of-use assets, net

 

 

95

 

Other receivables and prepayments

 

 

37

 

 

 

 

 

 

Plant and equipment, net

 

 

2,837

 

Intangible assets, net

 

 

2,063

 

Long-live asset subtotal

 

 

4,900

 

 

 

 

 

 

Other payables and accrued liabilities

 

 

(4,235)

 

Operating lease liabilities

 

 

(97)

 

Deferred tax liabilities

 

 

(516)

 

Net assets of Boca upon disposal

 

 

372

 

 

 

 

51

%

Interests in net assets of Boca being disposed of

 

 

189

 

Consideration

 

 

187

 

Loss on disposal of subsidiary

 

 

(2)