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Other Current Liabilities (Table)

12 Months Ended

Dec. 31, 2018

Other Current Liabilities [Abstract]

	As of December 31,
	2018		2017
	US$’000		US$’000
Contract liabilities		756		—
Dividend payable		565		524
Deferred government grant		318		—
Onerous contracts provisions		42		555
Other current liabilities		1,591		1,563
Total		3,272		2,642

The Company was subject to two expropriations by the PRC government in 2018. The government grant related to the completed appropriation, amounted to $106, is recognized as other income for the year ended December 31, 2018. The government grant for the expropriation in progress, amounted to $318, is deferred and recognized as other current liabilities as of December 31, 2018.

Other current liabilities include undue value added tax, unpaid withholding tax, and other miscellaneous liabilities.

Schedule of onerous contracts provisions

22(a)Onerous contracts provisions

	2018			2017
	US$’000			US$’000
At January 1		555			250
Recognized		37			522
Reversed		(544	)		(246	)
Exchange differences		(6	)		29
At December 31		42			555

Schedule of contract liabilities

22(b)Contract Liabilities

	As of December 31,
	2018		2017
	US$’000		US$’000
Current contract liabilities
Advance from customers		668		—
Custodial service		71		—
Transportation service		17		—
Total current contract liabilities		756		—

The company adopted IFRS 15 from January 1, 2018 and recognized contract liabilities when considerations from customers had been received or due before the Company satisfied the performance obligations.

Schedule of revenue recognized in relation to contract liabilities

Revenue recognized in relation to contract liabilities

	For the year ended
	December 31, 2018
	US$’000
Revenue recognized that was included in the contract liabilities balance at the beginning of the year
Custodial service		85
Transportation service		28
		113
Revenue recognized from performance obligations satisfied in previous years		—