Financial Assets and Financial Liabilities (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure Of Financial Instruments [Line Items]

Summary of Other Financial Assets and Liabilities

11(a)Other financial assets and liabilities

	As of December 31,
	2018		2017
	US$’000		US$’000
Financial assets at fair value through other comprehensive income
Equity instrument (Note 11(d))		2,332		—
Financial assets - available for sale
Equity instrument(Note 11(d))		—		2,747
		2,332		2,747
Financial liabilities at fair value through profit or loss
Foreign exchange forward contracts (Note 11(c))		142		139

Summary of Interest-bearing Loans and Borrowings

As of December 31,

2018

2017

Interest rate

Maturity

Local currency

Interest rate

Maturity

Local currency

‘000

US$’000

‘000

US$’000

Current interest-bearing loans and borrowings

Bank loans

3.20 ~ 3.50

Feb. 2018

USD$3,800

3,800

Bank loans

4.70 ~ 4.79

Jan. 2019 ~

Sept. 2019

RMB$42,100

6,130

4.70 ~ 5.22

Apr. 2018 ~

Sept. 2018

RMB$30,000

4,602

Trust receipt

1.10 ~ 2.10

Jan. 2019 ~

Jun. 2019

THB$602,150

18,684

1.70 ~ 2.60

Jan. 2018 ~

Jun. 2018

THB$1,058,995

32,649

Trust receipt

2.47 ~ 2.54

Feb. 2018

SGD$134

100

Total

24,814

41,151

Foreign Currency Forward Contracts

The forward contract balance varies with the expected foreign currency transactions and changes in foreign exchange rate.

2018

2017

Assets

Liabilities

Assets

Liabilities

US$’000

Foreign currency forward contracts

Fair value

—

142

—

139

Comparison of Carrying Amounts and Fair Value of Financial Instruments

Set out below is a comparison of the carrying amounts and fair value of the Company’s financial instruments that are carried in the financial statements:

	Carrying amount				Fair value
	As of December 31,				As of December 31,
	2018		2017		2018		2017
	US$’000		US$’000		US$’000		US$’000
Financial assets-current
Cash and cash equivalents		60,778		46,093		60,778		46,093
Trade receivables		79,617		112,403		79,617		112,403
Other receivables		12,422		9,509		12,422		9,509
Due from related parties		12,061		13,354		12,061		13,354
Financial assets-non-current
Financial assets at fair value through other comprehensive income		2,332		—		2,332		—
Financial assets – available for sale		—		2,747		—		2,747
Long-term bank deposits*		887		475		887		475
Total		168,097		184,581		168,097		184,581

Financial liabilities-current
Interest-bearing loans and borrowings		24,814		41,151		24,814		41,151
Trade and other payables		21,127		28,850		21,127		28,850
Due to related parties		2,997		7,342		2,997		7,342
Financial liabilities at fair value through profit or loss		142		139		142		139
Financial lease liabilities		44		36		44		36
Financial liabilities-non-current
Financial lease liabilities		46		42		46		42
Total		49,170		77,560		49,170		77,560
* included in other non-current assets

(i)

Methods and assumptions used to estimate fair value

Description of Significant Unobservable Inputs to Valuation

(ii)

Description of significant unobservable inputs to valuation

Valuation technique

Significant unobservable inputs

Liquidity discount

(2018 and 2017)

Sensitivity of the input to fair value

2018

2017

Financial asset

Unquoted equity instrument

Market Approach Method

Liquidity Discount

30%

5% decrease in the discount would increase

in fair value by $167

5% decrease in the discount would increase

in fair value by $203

Significant unobservable inputs (Level 3) [Member] | Equity instrument as financial assets at fair value through other comprehensive income [Member]

Disclosure Of Financial Instruments [Line Items]

Fair Value of Assets

The Company carries the equity instrument as financial assets at fair value through other comprehensive income classified as level 3 within the fair value hierarchy. A reconciliation of the beginning and closing balances is summarized below:

	2018			2017
	US$’000			US$’000
At January 1		2,747			2,765
Re-measurement financial assets to fair value, recognized in other comprehensive income/(loss)		(419	)		(80	)
Exchange difference on translation		4			62
At December 31		2,332			2,747