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Right of Use Assets | 12 Months Ended
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Dec. 31, 2021
Disclosure Of Quantitative Information About Rightofuse Assets [Abstract] |
Right of Use Assets |
16. | RIGHT-OF-USE ASSETS
16(a)Amounts recognized in the consolidated balance sheets
|  | As of December 31, |  | As of December 31, |
|  | 2021 |  | 2020 |
Right of use assets |  | US$’000 |  | US$’000 |
Land |  |  | 2,533 |  |  | 2,843 |
Buildings |  |  | 690 |  |  | 281 |
Motor vehicle and other asset |  |  | 135 |  |  | 47 |
Office equipment |  |  | 35 |  |  | 77 |
|  |  | 3,393 |  |  | 3,248 |
Our Company leases various assets including land, buildings, business vehicles and multifunction printers. Rental contracts are typically made for periods of 2 to 37 years. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose covenants, but leased assets may not be used as security for borrowing purposes. Additions to the right-of-use assets during the 2021 financial year were $906 (2020: $40). 16(b)Amounts recognized in the consolidated income statements
|  | 2021 |  | 2020 |
Depreciation charge of right of use assets |  | US$’000 |  | US$’000 |
Land |  |  | 289 |  |  | 280 |
Buildings |  |  | 286 |  |  | 278 |
Motor vehicle and other asset |  |  | 53 |  |  | 38 |
Office equipment |  |  | 33 |  |  | 25 |
|  |  | 661 |  |  | 621 |
Interest expenses (included in finance cost) |  |  | 70 |  |  | 79 |
Expenses relating to short-term leases |  |  | 3 |  |  | 7 |
Expenses relating to lease of low-value assets that are not short-term leases |  |  | 3 |  |  | 10 |
The total cash outflow for lease in 2021 was $708 (2020: $682).

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- Definition The disclosure of quantitative information about right-of-use assets. [Refer: Right-of-use assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2021-01-01 -Paragraph 53 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2021-en-r&anchor=para_53&doctype=Standard -URIDate 2021-03-24 + Details
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