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Financial Assets and Financial Liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Disclosure Of Financial Instruments [Abstract]

Summary of Other Financial Assets and Liabilities

11(a) Other financial assets and liabilities

	As of December 31,
	2020			2019
	US$’000			US$’000
Financial assets at fair value through other comprehensive income
Equity instrument (Note 11(d))		2,271			4,062
		2,271			4,062
Financial liabilities at fair value through profit or loss
Foreign exchange forward contracts (Note 11(c))		—			3
		—			3

Disclosure Of Financial Instruments [Line Items]

Summary of Interest-bearing Loans and Borrowings

As of December 31,

2020

2019

Interest rate

Maturity

Local currency

Interest rate

Maturity

Local currency

%

‘000

US$’000

%

‘000

US$’000

Interest-bearing loans and borrowings

Bank loans

3.07

Mar. 2045

AUD$4,883

3,764

—

—

—

—

Bank loans

4.50 ~ 4.90

Jun. 2021

RMB$17,800

2,736

5.00 ~ 5.50

Mar. 2020 ~ Sept. 2020

RMB$20,400

2,929

Trust receipt

0.9 ~ 1.0

Mar. 2021

THB$74,176

2,488

1.90 ~ 2.70

Jan. 2020 ~ Jun. 2020

THB$161,018

5,423

Trust receipt

2.32

Apr. 2021

SGD$6,332

4,793

3.05

Feb. 2020 ~ Apr. 2020

SGD$4,042

3,004

Total

13,781

11,356

Foreign Currency Forward Contracts

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

2020

2019

Assets

Liabilities

Assets

Liabilities

US$’000

US$’000

US$’000

US$’000

Foreign currency forward contracts

Fair value

—

—

—

3

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,
	2020			2019			2020			2019
	US$’000			US$’000			US$’000			US$’000
Financial assets-current
Financial assets at amortized cost
Cash and cash equivalents		52,237			53,673			52,237			53,673
Trade receivables		82,071			74,077			82,071			74,077
Other receivables		6,192			6,868			6,192			6,868
Due from related parties		10,982			11,566			10,982			11,566
Financial assets-non-current
Financial assets at fair value through other comprehensive income		2,271			4,062			2,271			4,062
Financial assets at amortized cost
Long-term bank deposits*		1,879			1,246			1,879			1,246
Total		155,632			151,492			155,632			151,492
Financial liabilities-current
Liabilities at amortized cost
Interest-bearing loans and borrowings		10,131			11,356			10,131			11,356
Trade and other payables		27,370			16,879			27,370			16,879
Due to related parties		10,620			3,284			10,620			3,284
Lease liabilities		551			574			551			574
Financial liabilities at fair value through profit or loss		—			3			—			3
Financial liabilities-non-current
Liabilities at amortized cost
Interest-bearing loans and borrowings		3,650			—			3,650			—
Lease liabilities		1,783			2,254			1,783			2,254
Total		54,105			34,350			54,105			34,350
* 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 (2020 and 2019)			Sensitivity of the input to fair value
						2020	2019
Financial asset
Unquoted equity instrument	Market Approach Method	Liquidity Discount	30%			5%  decrease in the discount would increase in fair value by $162	5%  decrease in the discount would increase in fair value by $290

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:

	2020			2019
	US$’000			US$’000
At January 1		4,062			2,332
Re-measurement financial assets to fair value, recognized in other comprehensive income/(loss)		(1,789	)		1,670
Exchange difference on translation		(2	)		60
At December 31		2,271			4,062

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