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RIGHT-OF-USE ASSETS
 12 Months Ended
Dec. 31, 2022
Disclosure of quantitative information about right-of-use assets [abstract]  
RIGHT-OF-USE ASSETS RIGHT-OF-USE ASSETS
16(a)    Amounts recognized in the consolidated balance sheets
As of December 31,As of December 31,
20222021
Right of use assetsUS$’000US$’000
Land2,211 2,533 
Buildings935 690 
Motor vehicle and other asset134 135 
Office equipment152 35 
3,432 3,393 
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 2022 financial year were $863 (2021: $906).
16(b)    Amounts recognized in the consolidated income statements
20222021
Depreciation charge of right of use assetsUS$’000US$’000
Land242 289 
Buildings337 286 
Motor vehicle and other asset65 53 
Office equipment38 33 
682 661 
Interest expenses (included in finance cost)80 70 
Expenses relating to short-term leases11 3 
Expenses relating to lease of low-value assets that are not short-term leases3 3 
The total cash outflow for lease in 2022 was $710 (2021: $708).