XML 37 R25.htm IDEA: XBRL DOCUMENT
v3.23.1

INVESTMENT PROPERTIES | 12 Months Ended
--- | ---
Dec. 31, 2022
Disclosure of detailed information about investment property [abstract] |
INVESTMENT PROPERTIES | INVESTMENT PROPERTIES 17(a) Net book value of investment properties
| Land not being used for operation |  | Office buildings for rent |  | Warehouse |  | Land leasehold right |  | Other |  | Total
| US$’000 |  | US$’000 |  | US$’000 |  | US$’000 |  | US$’000 |  | US$’000
As of December 31, 2022 |  |  |  |  |  |  |  |  |  |  |
Cost | 403 |  |  | 515 |  |  | 5,018 |  |  | 91 |  |  | 11 |  |  | 6,038 |
Less: Accumulated depreciation | — |  |  | (385) |  |  | (397) |  |  | (5) |  |  | (1) |  |  | (788) |
Net book value | 403 |  |  | 130 |  |  | 4,621 |  |  | 86 |  |  | 10 |  |  | 5,250 |
As of December 31, 2021 |  |  |  |  |  |  |  |  |  |  |
Cost | 418 |  |  | 716 |  |  | 5,366 |  |  | 98 |  |  | — |  |  | 6,598 |
Less: Accumulated depreciation | — |  |  | (516) |  |  | (270) |  |  | (3) |  |  | — |  |  | (789) |
Net book value | 418 |  |  | 200 |  |  | 5,096 |  |  | 95 |  |  | — |  |  | 5,809 |
A reconciliation of the net book value of investment properties was as follow:
| 2022 |  | 2021
| US$’000 |  | US$’000
Net book value at January 1 | 5,809 |  |  | 6,378 |
Addition | 12 |  |  | — |
Disposals | (30) |  |  | — |
Depreciation (included in administrative expenses) | (176) |  |  | (196) |
Exchange difference | (365) |  |  | (373) |
Net book value at December 31 | 5,250 |  |  | 5,809 |
17(b) The amount recognized in profit or loss arising from the investment properties
| 2022 |  | 2021 |  | 2020
| US$’000 |  | US$’000 |  | US$’000
Rental income derived from investment properties | 243 |  |  | 170 |  |  | 190 |
Direct operating expenses (including repairs and maintenance) generating rental income | (157) |  |  | (174) |  |  | (145) |
Direct operating expenses (including repairs and maintenance) that did not generate rental income | (21) |  |  | (23) |  |  | — |
Net profit (loss) arising from investment properties carried at cost | 65 |  |  | (27) |  |  | 45 |
Undiscounted lease payments receivable to be received during the lease terms are immaterial. 17(c) Measuring investment properties at fair value The fair value of the investment properties are stated below:
| As of December 31,
| 2022 |  | 2021
| US$’000 |  | US$’000
Land not being used for operation | 10,322 |  |  | 10,528 |
Office buildings for rent | 1,995 |  |  | 2,444 |
Warehouse | 5,291 |  |  | 5,658 |
Land leasehold right | 158 |  |  | 173 |
Other | 11 |  |  | — |
The fair value of aforementioned investment properties have been determined based on the valuation and is considered a level 3 measurement. The valuation has been made on the assumption to sell the property interests in the open market in the neighborhood without the benefit of any deferred term contract, leaseback, joint venture, management agreement or any similar arrangement, which would serve to increase the value of the property interests. The valuation adopted market comparison approach to estimate the fair market value of the properties. Under the market comparison approach, the appraisal is based on recent sales and listings of comparable property. Adjustments were made for differences between the subject property and those actual sales and listings regarded as comparable. The factors which used for considering the property valuation include the significant unobservable inputs, such as location, transportation, land uses, facilities, neighboring area, land characteristics, potential, regulations and liquidity. 17(d) Pledge Information about the investment properties that were pledged to others as collaterals is provided in Note 27(e) (i).

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfInvestmentPropertyAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for investment property. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 40 -IssueDate 2022-03-24 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=40&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IAS40_g74-79__IAS40_g74-79_TI -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfInvestmentPropertyExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration