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Investments in Associates | 12 Months Ended
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Dec. 31, 2020
Text Block1 [Abstract] |
Investments in Associates |
19. | INVESTMENTS IN ASSOCIATES
19(a)Associates of the Company
|  |  | Percentage of equity interest |
|  |  | As of December 31 |
Company Name | Nature of business | Country of incorporation | 2020 |  | 2019 |
Shandong Pacific Rubber Cable Co., Ltd. (“SPRC”) | Manufacturing of rubber cable | PRC | 25.00% |  | 25.00% |
Siam Pacific Holding Company Limited (“SPHC”) | Investment & holding company | Thailand | 49.00% |  | 49.00% |
Loxpac (Thailand) Company Limited (“Loxpac”) (Formerly known as “Loxley Pacific Co., Ltd.) | Providing telecommunication service | Thailand | 21.39% |  | 21.39% |
Loxpac Hong Kong Co., Limited (“Loxpac HK”) (Formerly known as “Loxley Pacific Hong Kong Co., Limited” ) | Investment & holding company | Hong Kong | 23.10% |  | 23.10% |
19(b)Carrying amounts of investment in associates
| As of December 31, |
| 2020 |  | 2019 |
| US$’000 |  | US$’000 |
At January 1 |  | 935 |  |  | 864 |
Share of loss of associates |  | (1 | ) |  | (3 | )
Exchange difference |  | (4 | ) |  | 74 |
At December 31 |  | 930 |  |  | 935 |
The investments in SPRC, Loxpac and Loxpac HK have been fully impaired. 19(c)Summarized financial information for associates The following table summarized financial information of the Company’s investments in associates:
| As of December 31, |
| 2020 |  | 2019 |
| US$’000 |  | US$’000 |
Summarized financial information of SPHC: |  |  |  |  |  |
Current assets |  | 6 |  |  | 3 |
Non-current assets |  | 2,095 |  |  | 2,103 |
Current liabilities |  | (2 | ) |  | (3 | )
Non-current liabilities |  | (202 | ) |  | (196 | )
Equity |  | 1,897 |  |  | 1,907 |
Reconciliation to the Company’s investments in associates: |  |  |  |  |  |
Percentage of equity interest | 49% |  | 49% |
Carrying amount of the investment |  | 930 |  |  | 935 |
19. | INVESTMENTS IN ASSOCIATES (continued)
| 19(c)Summarized financial information for associates (continued)
| For the year ended December 31, |
| 2020 |  | 2019 |  | 2018 |
| US$’000 |  | US$’000 |  | US$’000 |
Summarized financial information of SPHC: |  |  |  |  |  |  |  |  |
Revenue |  | — |  |  | — |  |  | — |
Loss for the year |  | (2 | ) |  | (6 | ) |  | (5 | )
Reconciliation to the Company’s investments in associates: |  |  |  |  |  |  |  |  |
Percentage of equity interest | 49% |  | 49% |  | 49% |
Share of the associates’ profit for the year: |  | (1 | ) |  | (3 | ) |  | (3 | )
As of December 31, 2020 and 2019, the Company's associates had no contingent liabilities or capital commitments.

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- Definition The disclosure of interests in associates. [Refer: Associates [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2020-01-01 -Paragraph 2 -Subparagraph b -Clause ii -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2020-en-r&anchor=para_2_b_ii&doctype=Standard -URIDate 2020-01-01 + Details
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