XML 153 R22.htm IDEA: XBRL DOCUMENT
v3.20.1

Property, Plant and Equipment | 12 Months Ended
--- | ---
Dec. 31, 2019
Disclosure Of Property Plant And Equipment [Abstract] |
Property, Plant and Equipment |
15. | PROPERTY, PLANT AND EQUIPMENT
| Land |  | Buildings |  | Building improvement |  | Machinery and equipment |  | Motor vehicle and other asset and assets under finance lease |  | Office equipment |  | Construction in progress |  | Total |
| US$’000 |  | US$’000 |  | US$’000 |  | US$’000 |  | US$’000 |  | US$’000 |  | US$’000 |  | US$’000 |
Cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At January 1, 2018 |  | 6,227 |  |  | 48,421 |  |  | 5,622 |  |  | 96,964 |  |  | 5,230 |  |  | 6,959 |  |  | 1,047 |  |  | 170,470 |
Additions |  | — |  |  | 229 |  |  | 76 |  |  | 480 |  |  | 624 |  |  | 395 |  |  | 2,694 |  |  | 4,498 |
Disposals |  | — |  |  | (8 | ) |  | — |  |  | (1,120 | ) |  | (503 | ) |  | (490 | ) |  | — |  |  | (2,121 | )
Transfer |  | — |  |  | — |  |  | 3 |  |  | 1,418 |  |  | 505 |  |  | 102 |  |  | (2,028 | ) |  | — |
Exchange differences |  | (21 | ) |  | (752 | ) |  | 14 |  |  | (1,024 | ) |  | (76 | ) |  | (244 | ) |  | (40 | ) |  | (2,143 | )
At December 31, 2018 |  | 6,206 |  |  | 47,890 |  |  | 5,715 |  |  | 96,718 |  |  | 5,780 |  |  | 6,722 |  |  | 1,673 |  |  | 170,704 |
Effects on initial application of IFRS 16 |  | — |  |  | — |  |  | — |  |  | — |  |  | (192 | ) |  | — |  |  | — |  |  | (192 | )
Adjusted balance at January 1, 2019 |  | 6,206 |  |  | 47,890 |  |  | 5,715 |  |  | 96,718 |  |  | 5,588 |  |  | 6,722 |  |  | 1,673 |  |  | 170,512 |
Additions |  | — |  |  | 7 |  |  | 119 |  |  | 292 |  |  | 433 |  |  | 315 |  |  | 2,240 |  |  | 3,406 |
Disposals |  | — |  |  | — |  |  | (4 | ) |  | (2,308 | ) |  | (524 | ) |  | (331 | ) |  | — |  |  | (3,167 | )
Transfer |  | — |  |  | (167 | ) |  | 746 |  |  | 1,748 |  |  | 180 |  |  | 139 |  |  | (2,582 | ) |  | 64 |
Exchange differences |  | 632 |  |  | 2,813 |  |  | 454 |  |  | 7,419 |  |  | 332 |  |  | 247 |  |  | 47 |  |  | 11,944 |
At December 31, 2019 |  | 6,838 |  |  | 50,543 |  |  | 7,030 |  |  | 103,869 |  |  | 6,009 |  |  | 7,092 |  |  | 1,378 |  |  | 182,759 |
| Land |  | Buildings |  | Building improvement |  | Machinery and equipment |  | Motor vehicle and other asset and assets under finance lease |  | Office equipment |  | Construction in progress |  | Total |
Depreciation/Impairment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At January 1, 2018 |  | — |  |  | (33,082 | ) |  | (3,254 | ) |  | (82,490 | ) |  | (3,430 | ) |  | (5,888 | ) |  | — |  |  | (128,144 | )
Depreciation charge for the year |  | — |  |  | (1,164 | ) |  | (296 | ) |  | (2,435 | ) |  | (604 | ) |  | (402 | ) |  | — |  |  | (4,901 | )
Impairment |  | — |  |  | — |  |  | — |  |  | (10 | ) |  | — |  |  | (1 | ) |  | — |  |  | (11 | )
Depreciation on disposals |  | — |  |  | 6 |  |  | 0 |  |  | 1,119 |  |  | 503 |  |  | 486 |  |  | — |  |  | 2,114 |
Transfer |  | — |  |  | — |  |  | — |  |  | (46 | ) |  | — |  |  | 46 |  |  | — |  |  | — |
Exchange differences |  | — |  |  | 510 |  |  | (17 | ) |  | 914 |  |  | 49 |  |  | 200 |  |  | — |  |  | 1,656 |
At December 31, 2018 |  | — |  |  | (33,730 | ) |  | (3,567 | ) |  | (82,948 | ) |  | (3,482 | ) |  | (5,559 | ) |  | — |  |  | (129,286 | )
Effects on initial application of IFRS 16 |  | — |  |  | — |  |  | — |  |  | — |  |  | 126 |  |  | — |  |  | — |  |  | 126 |
Adjusted balance at January 1, 2019 |  | — |  |  | (33,730 | ) |  | (3,567 | ) |  | (82,948 | ) |  | (3,356 | ) |  | (5,559 | ) |  | — |  |  | (129,160 | )
Depreciation charge for the year |  | — |  |  | (1,044 | ) |  | (338 | ) |  | (2,391 | ) |  | (541 | ) |  | (420 | ) |  | — |  |  | (4,734 | )
Impairment |  | — |  |  | — |  |  | (1 | ) |  | (550 | ) |  | 7 |  |  | (2 | ) |  | — |  |  | (546 | )
Depreciation on disposals |  | — |  |  | — |  |  | 4 |  |  | 2,274 |  |  | 477 |  |  | 329 |  |  | — |  |  | 3,084 |
Transfer |  | — |  |  | 265 |  |  | (265 | ) |  | — |  |  | (64 | ) |  | — |  |  | — |  |  | (64 | )
Exchange differences |  | — |  |  | (2,361 | ) |  | (297 | ) |  | (6,517 | ) |  | (185 | ) |  | (232 | ) |  | — |  |  | (9,592 | )
At December 31, 2019 |  | — |  |  | (36,870 | ) |  | (4,464 | ) |  | (90,132 | ) |  | (3,662 | ) |  | (5,884 | ) |  | — |  |  | (141,012 | )
| Land |  | Buildings |  | Building improvement |  | Machinery and equipment |  | Motor vehicle and other asset and assets under finance lease |  | Office equipment |  | Construction in progress |  | Total |
Net book value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At December 31, 2019 |  | 6,838 |  |  | 13,673 |  |  | 2,566 |  |  | 13,737 |  |  | 2,347 |  |  | 1,208 |  |  | 1,378 |  |  | 41,747 |
At December 31, 2018 |  | 6,206 |  |  | 14,160 |  |  | 2,148 |  |  | 13,770 |  |  | 2,298 |  |  | 1,163 |  |  | 1,673 |  |  | 41,418 |
At January 1, 2018 |  | 6,227 |  |  | 15,339 |  |  | 2,368 |  |  | 14,474 |  |  | 1,800 |  |  | 1,071 |  |  | 1,047 |  |  | 42,326 |
15. | PROPERTY, PLANT AND EQUIPMENT (continued)
15(a)Impairment of property, plant and equipment In 2019, 2018 and 2017 the Company recorded an impairment loss of $546, $11 and $223 on property, plant and equipment at Shanghai Yayang, Ningbo Pacific and SFO facilities. The impairment is presented within other operating expenses in Note 7(b), and the impairment of property, plant and equipment of North Asia and Thailand segments in Note 5. The Company performed a valuation for utilized machinery measured at fair value less costs to sell using a cost approach due to closure of the manufacturing facilities at Shanghai Yayang and Ningbo Pacific. Its fair value measurement was classified as Level 3 of the fair value hierarchy. After considering the relevant evidence, the key assumption used included replacement costs, residual value and remaining useful life of these existing assets. The impairment test revealed that the recoverable amount was lower than the carrying amount. The Company considers the market demand for SFO’s products and performed an impairment test on the CGU composed of property, plant and equipment used in the manufacturing of fiber optic cables at SFO. The Company determined the recoverable amount of the CGU to be $0 based on the value in use. The key assumptions used in calculating the value in use included the revenue growth and a discount rate of 14.8%. 15(b)Financial leases under property, plant and equipment The carrying value of motor vehicles under financial leases as of December 31, 2019, 2018 and 2017 were $0, $66 and $50, respectively. These assets under financial lease are pledged for financial lease liabilities (Note 25(b)). On January 1, 2019, the Company reclassified “Lease assets” from “Property, plant and equipment” to “right-of-use assets” upon adoption of IFRS 16. See the Note 4.1. 15(c)Pledge Information about the property, plant and equipment that were pledged to others as collaterals is provided in Note 27(e) (i).

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for property, plant and equipment. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2019-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=16&code=ifrs-tx-2019-en-r&doctype=Standard&dita_xref=IAS16_g73-79_TI -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration