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Property, Plant and Equipment | 12 Months Ended
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Dec. 31, 2020
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 |  | 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, 2019 |  | 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 |
Additions | — |  |  | — |  |  | 138 |  |  | 239 |  |  | 265 |  |  | 363 |  |  | 15,691 |  |  | 16,696 |
Disposals | — |  |  | — |  |  | (31 | ) |  | (6,129 | ) |  | (483 | ) |  | (205 | ) | — |  |  | (6,848 | )
Transfer | — |  |  | 680 |  |  | 152 |  |  | 1,157 |  |  | 115 |  |  | 17 |  |  | (2,093 | ) |  | 28 |
Exchange differences |  | 34 |  |  | 893 |  |  | 47 |  |  | 1,129 |  |  | 63 |  |  | 321 |  |  | 685 |  |  | 3,172 |
At December 31, 2020 |  | 6,872 |  |  | 52,116 |  |  | 7,336 |  |  | 100,265 |  |  | 5,969 |  |  | 7,588 |  |  | 15,661 |  |  | 195,807 |
Depreciation/Impairment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At January 1, 2019 |  | — |  |  | (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 | )
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 | )
Depreciation charge for the year | — |  |  | (962 | ) |  | (384 | ) |  | (2,301 | ) |  | (514 | ) |  | (414 | ) |  | — |  |  | (4,575 | )
Impairment | — |  | — |  | — |  |  | (198 | ) | — |  |  | (4 | ) |  | — |  |  | (202 | )
Disposals | — |  |  | — |  |  | 21 |  |  | 6,128 |  |  | 438 |  |  | 203 |  |  | — |  |  | 6,790 |
Transfer |  | — |  |  | — |  |  | — |  |  | — |  |  | (56 | ) |  | — |  |  | — |  |  | (56 | )
Exchange differences | — |  |  | (653 | ) |  | (29 | ) |  | (1,041 | ) |  | (63 | ) |  | (266 | ) |  | — |  |  | (2,052 | )
At December 31, 2020 |  | — |  |  | (38,485 | ) |  | (4,856 | ) |  | (87,544 | ) |  | (3,857 | ) |  | (6,365 | ) |  | — |  |  | (141,107 | )
Net book value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At December 31, 2020 |  | 6,872 |  |  | 13,631 |  |  | 2,480 |  |  | 12,721 |  |  | 2,112 |  |  | 1,223 |  |  | 15,661 |  |  | 54,700 |
At December 31, 2019 |  | 6,838 |  |  | 13,673 |  |  | 2,566 |  |  | 13,737 |  |  | 2,347 |  |  | 1,208 |  |  | 1,378 |  |  | 41,747 |
At January 1, 2019 |  | 6,206 |  |  | 14,160 |  |  | 2,148 |  |  | 13,770 |  |  | 2,298 |  |  | 1,163 |  |  | 1,673 |  |  | 41,418 |
15. | PROPERTY, PLANT AND EQUIPMENT (continued)
15(a)Impairment of property, plant and equipment In 2020, 2019 and 2018 the Company recorded an impairment loss of $202, $546 and $11 on property, plant and equipment at Sigma Cable, Shanghai Yayang and SFO facilities. The impairment is presented within cost of sales in consolidated income statements, other operating expenses in Note 7(b), and the impairment of property, plant and equipment of ROW, North Asia and Thailand segments in Note 5. The Company identified impairment at Sigma Cable due to lack of profitability. The Company determined that certain machinery and equipment would not generate the expected future cash flows. The impairment test revealed that the total carrying amount of these assets was greater than their total recoverable amount. After considering the relevant objective evidence, the Company recorded an impairment loss. 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. 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)Lease arrangements under property, plant and equipment The carrying value of motor vehicles under lease arrangements as of December 31, 2020, 2019 and 2018 were $0, $0 and $66, respectively. These assets under lease arrangements are pledged for lease liabilities (Note 25(b)). 15(c)Pledge Information about the property, plant and equipment that were pledged to others as collaterals is provided in Note 27(e) (i).

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