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Commitments and Contingencies | 12 Months Ended
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Dec. 31, 2020
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Commitments and Contingencies |
25. | COMMITMENTS AND CONTINGENCIES
25(a)Purchase commitments As of December 31, 2020 and 2019, the Company had commitments to purchase raw materials totaling $194 million to $251 million and $200 million to $290 million (28,736 to 35,946 metric tons and 20,996 to 30,580 metric tons), respectively, from third parties at the prices stipulated in the contracts. 25(b)Capital commitments As of December 31, 2020 and 2019, the Company had capital commitment relating to the construction of factory building improvement and acquisition of machinery, totaling $2.5 million and $5.8 million, respectively. 25(c)Guarantees As of December 31, 2020 and 2019, APWC provided a corporate guarantee not exceeding the sum of $25.1 million and $24.7 million, respectively, for the bond performance and banking facility of Sigma Cable. As of December 31, 2020 and 2019, there were outstanding bank guarantees of $17 million and $38.5 million, respectively, issued by the banks on behalf of Charoong Thai and its subsidiaries in respect of certain performance bonds as required in the normal course of business of the companies. These guarantees generally expire within 1 year. 25(d)Service commitments As of December 31, 2020 and 2019, the Company had commitments in respect of management consulting services with related parties totaling $0.1 million and $0.3 million, respectively.

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- Definition The disclosure of commitments and contingent liabilities. [Refer: Contingent liabilities [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_10_e&doctype=Standard -URIDate 2020-01-01 + Details
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