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Financial Risk Management Objectives (Tables)
12 Months Ended
Dec. 31, 2017
Statements [Line Items]  
Summary of Maturity Profile of Financial Liabilities Based on Contractual Undiscounted Payment Obligations

The table below summarizes the maturity profile of the Company’s financial liabilities based on contractual undiscounted payment obligations.

 

 

< 1 year

 

 

2 to 3 years

 

 

4 to 5 years

 

 

> 5 years

 

 

Total

 

 

 

US$’000

 

 

US$’000

 

 

US$’000

 

 

US$’000

 

 

US$’000

 

As of  December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest-bearing loans and borrowings

 

 

41,461

 

 

 

 

 

 

 

 

 

 

 

 

41,461

 

Trade and other payables

 

 

28,850

 

 

 

 

 

 

 

 

 

 

 

 

28,850

 

Due to related parties

 

 

5,805

 

 

 

 

 

 

 

 

 

 

 

 

5,805

 

Due to immediate holding company

 

 

1,537

 

 

 

 

 

 

 

 

 

 

 

 

1,537

 

Other current financial liabilities - at fair value through profit or loss

 

 

139

 

 

 

 

 

 

 

 

 

 

 

 

139

 

Finance lease liability

 

 

39

 

 

 

27

 

 

 

15

 

 

 

2

 

 

 

83

 

 

 

 

77,831

 

 

 

27

 

 

 

15

 

 

 

2

 

 

 

77,875

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest-bearing loans and borrowings

 

 

28,454

 

 

 

 

 

 

 

 

 

 

 

 

28,454

 

Trade and other payables

 

 

30,023

 

 

 

 

 

 

 

 

 

 

 

 

30,023

 

Due to related parties

 

 

3,096

 

 

 

 

 

 

 

 

 

 

 

 

3,096

 

Due to immediate holding company

 

 

1,537

 

 

 

 

 

 

 

 

 

 

 

 

1,537

 

Finance lease liability

 

 

32

 

 

 

49

 

 

 

8

 

 

 

 

 

 

89

 

 

 

 

63,142

 

 

 

49

 

 

 

8

 

 

 

 

 

 

63,199

 

 

Summary of Capital Management

In line with industry practices, the Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. The Company includes within net debt, interest bearing loans and borrowings, trade and other payables, less cash and cash equivalents.

 

 

 

As of December 31,

 

 

 

2017

 

 

2016

 

 

 

US$’000

 

 

US$’000

 

Interest bearing loans and borrowings

 

 

41,151

 

 

 

28,225

 

Trade and other payables

 

 

28,850

 

 

 

30,023

 

Less: cash and cash equivalents

 

 

(46,093

)

 

 

(48,231

)

Net debt

 

 

23,908

 

 

 

10,017

 

Total Equity

 

 

222,826

 

 

 

197,175

 

Capital and net debt

 

 

246,734

 

 

 

207,192

 

Gearing ratio

 

 

9.7

%

 

 

4.8

%

 

Foreign currency risk [Member]  
Statements [Line Items]  
Summary of Balance of Financial Assets and Liabilities Denominated in a Currency Different from the Company's Reporting Currency

The balance of financial assets and liabilities denominated in a currency different from the Company’s reporting currency are summarized below.

 

 

 

Financial Assets

 

 

Financial Liabilities

 

 

 

As of December 31,

 

 

As of December 31

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Thai Baht (THB)

 

 

354

 

 

 

354

 

 

 

30

 

 

 

30

 

Singapore dollar (SGD)

 

 

39

 

 

 

127

 

 

 

58

 

 

 

23

 

Taiwan dollar (TWD)

 

 

5,927

 

 

 

1,602

 

 

 

1,705

 

 

 

2,201

 

Renminbi (RMB)

 

 

115,545

 

 

 

88,477

 

 

 

21,961

 

 

 

12,965

 

Hong Kong dollar (HKD)

 

 

31,578

 

 

 

19,840

 

 

 

42

 

 

 

63

 

Australian dollar (AUD)

 

 

766

 

 

 

919

 

 

 

 

 

 

 

Japanese yen (JPY)

 

 

 

 

 

 

 

 

 

 

 

14,978

 

 

Sensitivity of Profit Before Tax and Equity to a Reasonably Possible Change of Relevant Risk Variable

Foreign currency sensitivity

The following table demonstrates the sensitivity of the Company’s profit before tax and equity to a reasonably possible change of each foreign currency exchange rates against the US dollar, with all other variables held constant.

 

 

Change rate

 

 

THB

 

 

SGD

 

 

TWD

 

 

RMB

 

 

HKD

 

 

AUD

 

 

JPY

 

 

 

 

5

%

 

 

 

 

 

4

 

 

 

(1

)

 

 

541

 

 

 

128

 

 

 

34

 

 

 

(6

)

2016

 

 

-5

%

 

 

 

 

 

(4

)

 

 

1

 

 

 

(541

)

 

 

(127

)

 

 

(34

)

 

 

6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5

%

 

 

 

 

 

(1

)

 

 

7

 

 

 

718

 

 

 

202

 

 

 

30

 

 

 

 

2017

 

 

-5

%

 

 

 

 

 

1

 

 

 

(7

)

 

 

(718

)

 

 

(202

)

 

 

(30

)

 

 

 

 

Commodity price risk: Copper [Member]  
Statements [Line Items]  
Sensitivity of Profit Before Tax and Equity to a Reasonably Possible Change of Relevant Risk Variable

Commodity price sensitivity

The following table shows the potential effect of price changes in copper.

 

 

 

Change in

year-end

price

 

 

Effect on profit

before tax

 

 

Effect on equity

 

 

US$’000

 

 

US$’000

 

 

US$’000

2017

 

 

+44

%

 

 

11,282

 

 

N/A

Copper

 

 

-44

%

 

 

(11,282

)

 

N/A

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

+25

%

 

 

6,302

 

 

N/A

Copper

 

 

-25

%

 

 

(6,302

)

 

N/A