Financial Assets and Financial Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure Of Financial Instruments [Abstract]

Summary of Other Financial Assets and Liabilities

11(a)Other financial assets and liabilities

	As of December 31,
	2019		2018
	US$’000		US$’000
Financial assets at fair value through other comprehensive income
Equity instrument (Note 11(d))		4,062		2,332
		4,062		2,332
Financial liabilities at fair value through profit or loss
Foreign exchange forward contracts (Note 11(c))		3		142
		3		142

Disclosure Of Financial Instruments [Line Items]

Summary of Interest-bearing Loans and Borrowings

As of December 31,

2019

2018

Interest rate

Maturity

Local currency

Interest rate

Maturity

Local currency

‘000

US$’000

‘000

US$’000

Current interest-bearing loans and borrowings

Bank loans

5.00 ~ 5.50

Mar. 2020 ~

Sept. 2020

RMB$20,400

2,929

4.70 ~ 4.79

Jan. 2019 ~

Sept. 2019

RMB$42,100

6,130

Trust receipt

1.90 ~ 2.70

Jan. 2020 ~

Jun. 2020

THB$161,018

5,423

1.10 ~ 2.10

Jan. 2019 ~

Jun. 2019

THB$602,150

18,684

Trust receipt

3.05

Feb. 2020 ~

Apr. 2020

SGD$4,042

3,004

Total

11,356

24,814

Foreign Currency Forward Contracts

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

2019

2018

Assets

Liabilities

Assets

Liabilities

US$’000

Foreign currency forward contracts

Fair value

—

142

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,
	2019		2018		2019		2018
	US$’000		US$’000		US$’000		US$’000
Financial assets-current
Cash and cash equivalents		53,673		60,778		53,673		60,778
Trade receivables		74,077		79,617		74,077		79,617
Other receivables		6,868		12,422		6,868		12,422
Due from related parties		11,566		12,061		11,566		12,061
Financial assets-non-current
Financial assets at fair value through other comprehensive income		4,062		2,332		4,062		2,332
Long-term bank deposits*		1,246		887		1,246		887
Total		151,492		168,097		151,492		168,097

Financial liabilities-current
Interest-bearing loans and borrowings		11,356		24,814		11,356		24,814
Trade and other payables		16,879		21,127		16,879		21,127
Due to related parties		3,284		2,997		3,284		2,997
Financial liabilities at fair value through profit or loss		3		142		3		142
Financial lease liabilities		574		44		574		44
Financial liabilities-non-current
Financial lease liabilities		2,254		46		2,254		46
Total		34,350		49,170		34,350		49,170
* 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 (2019 and 2018)	Sensitivity of the input to fair value
				2019	2018
Financial asset
Unquoted equity instrument	Market Approach Method	Liquidity Discount	30%	5% decrease in the discount would increase in fair value by $290	5% decrease in the discount would increase in fair value by $167

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:

	2019		2018
	US$’000		US$’000
At January 1		2,332		2,747
Re-measurement financial assets to fair value, recognized in other comprehensive income/(loss)		1,670		(419	)
Exchange difference on translation		60		4
At December 31		4,062		2,332