Financial Assets and Financial Liabilities (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure Of Financial Instruments [Line Items]

Summary of Other Financial Assets and Liabilities

11(a)Other financial assets and liabilities

	As of December 31,
	2021		2020
	US$’000		US$’000
Financial assets at fair value through other comprehensive income
Equity instrument (Note 11(d))		2,929		2,271
		2,929		2,271
Financial assets at fair value through profit or loss
Foreign exchange forward contracts (Note 11(c))		249		—
		249		—

Summary of Interest-bearing Loans and Borrowings

As of December 31,

2021

2020

Interest rate

Maturity

Local currency

Interest rate

Maturity

Local currency

‘000

US$’000

‘000

US$’000

Interest-bearing loans and borrowings

Bank loans (including bank overdrafts US$1,995 in 2021)

3.07

Mar. 2044

AUD$7,458

5,410

3.07

Mar. 2045

AUD$4,883

3,764

Bank loans

3.85~4.53

Jul . 2022

RMB$41,751

6,552

4.50 ~ 4.90

Jun. 2021

RMB$17,800

2,736

Trust receipt

0.7~3.3

Jun. 2022

THB$1,648,835

49,729

0.9 ~ 1.0

Mar. 2021

THB$74,176

2,488

Bank loan (Trust receipt in 2020)

1.98

Dec. 2022

SGD$5,000

3,696

2.32

Apr. 2021

SGD$6,332

4,793

Total

65,387

13,781

Foreign Currency Forward Contracts

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

2021

2020

Assets

Liabilities

Assets

Liabilities

US$’000

Foreign currency forward contracts

Fair value

249

—

Comparison of Carrying Amounts and Fair Value of Financial Instruments

Set out below is a comparison of the carrying amounts and fair value of our Company’s financial instruments that are carried in the financial statements:

	Carrying amount				Fair value
	As of December 31,				As of December 31,
	2021		2020		2021		2020
	US$’000		US$’000		US$’000		US$’000
Financial assets-current
Financial assets at amortized cost
Cash and cash equivalents		44,507		52,237		44,507		52,237
Financial assets at fair value at fair value through profit		249		—		249		—
Trade receivables		103,564		82,071		103,564		82,071
Other receivables		2,648		6,192		2,648		6,192
Due from related parties		13,965		10,982		13,965		10,982
Financial assets-non-current
Financial assets at fair value through other comprehensive income		2,929		2,271		2,929		2,271
Financial assets at amortized cost
Long-term bank deposits*		1,725		1,879		1,725		1,879
Total		169,587		155,632		169,587		155,632

Financial liabilities-current
Liabilities at amortized cost
Interest-bearing loans and borrowings		62,083		10,131		62,083		10,131
Trade and other payables		44,784		27,370		44,784		27,370
Due to related parties		11,865		10,620		11,865		10,620
Accruals		23,374		21,361		23,374		21,361
Lease liabilities		571		551		571		551
Financial liabilities-non-current
Liabilities at amortized cost
Interest-bearing loans and borrowings		3,304		3,650		3,304		3,650
Lease liabilities		1,916		1,783		1,916		1,783
Total		147,897		75,466		147,897		75,466
* 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 (2021 and 2020)	Sensitivity of the input to fair value
				2021	2020
Financial asset
Unquoted equity instrument	Market Approach Method	Liquidity Discount	30%	5% decrease in the discount would increase in fair value by $209	5% decrease in the discount would increase in fair value by $162

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

Our 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:

	2021			2020
	US$’000			US$’000
At January 1		2,271			4,062
Re-measurement financial assets to fair value, recognized in other comprehensive income/(loss)		734			(1,789	)
Exchange difference on translation		(76	)		(2	)
At December 31		2,929			2,271