Financial Risk Management Objectives (Tables)

12 Months Ended

Dec. 31, 2021

Summary of Balance of Financial Assets and Liabilities Denominated in a Currency Different from the Company's Reporting Currency

The balance of financial assets and liabilities denominated in a currency different from our Company’s each functional currency are summarized below.

	Financial Assets				Financial Liabilities
	As of December 31,				As of December 31
	2021		2020		2021		2020
United States dollar (USD)		15,304		10,025		58,526		7,501
Thai Baht (THB)		326		13,241		30		30
Singapore dollar (SGD)		130		113		6		6
Taiwan dollar (TWD)		9,929		3,357		5,104		4,820
Renminbi (RMB)		18		18		—		—
Hong Kong dollar (HKD)		10,678		8,017		28		28
Euro (EUR)		125		249		519		413

Summary of Maturity Profile of Financial Liabilities Based on Contractual Undiscounted Payment Obligations

The table below summarizes the maturity profile of our Company’s financial liabilities based on contractual undiscounted payment obligations.

	< 1 year		2 to 3 years		4 to 5 years		> 5 years		Total
	US$’000		US$’000		US$’000		US$’000		US$’000
As of December 31, 2021
Financial liabilities
Interest-bearing loans and borrowings		62,295		428		428		3,626		66,777
Trade and other payables		44,784		—		—		—		44,784
Due to related parties		11,865		—		—		—		11,865
Lease liability		637		925		412		764		2,738
		119,581		1,353		840		4,390		126,164


As of December 31, 2020
Financial liabilities
Interest-bearing loans and borrowings		10,279		462		463		4,224		15,428
Trade and other payables		27,370		—		—		—		27,370
Due to related parties		10,620		—		—		—		10,620
Lease liability		613		584		431		993		2,621
		48,882		1,046		894		5,217		56,039

Summary of Capital Management

In line with industry practices, our Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. Our Company includes within net debt, interest bearing loans and borrowings, trade and other payables, less cash and cash equivalents.

	As of December 31,
	2021			2020
	US$’000			US$’000
Interest bearing loans and borrowings		65,387			13,781
Trade and other payables		44,784			27,370
Less: cash and cash equivalents		(44,507	)		(52,237	)
Net debt		65,664			(11,086	)
Total Equity		209,317			234,875
Capital and net debt		274,981			223,789
Gearing ratio	23.9%			0.0%

Foreign currency risk [Member]

Statements [Line Items]

Sensitivity of Profit Before Tax and Equity to a Reasonably Possible Change of Relevant Risk Variable

The following table demonstrates the sensitivity of our Company’s profit before tax and equity to a reasonably possible change of each foreign currency exchange rates against all other non-functional currencies, with all other variables held constant.

	Change rate	USD			THB			SGD			TWD			HKD			EUR

2021	5%		(2,161	)		—			5			9			68			(22	)
	-5%		2,161			—			(5	)		(9	)		(68	)		22
	5%		126			22			4			(3	)		52			(10	)
2020	-5%		(126	)		(22	)		(4	)		3			(52	)		10

Commodity price risk: Copper [Member]

Statements [Line Items]

Sensitivity of Profit Before Tax and Equity to a Reasonably Possible Change of Relevant Risk Variable

Commodity price sensitivity

The following table shows the potential effect of price changes in copper.

	Change in year-end price	Effect on profit before tax			Effect on equity
	US$’000	US$’000			US$’000
2021
Copper	+95%		26,926		N/A
	-95%		(26,926	)	N/A
2020	+28%		5,398		N/A
Copper	-28%		(5,398	)	N/A