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MATERIAL PARTLY-OWNED SUBSIDIARIES | 12 Months Ended
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Dec. 31, 2023
Disclosure of subsidiaries [abstract] |
MATERIAL PARTLY-OWNED SUBSIDIARIES | MATERIAL PARTLY-OWNED SUBSIDIARIES 6(a) Material subsidiaries Our Company has subsidiaries with material non-controlling interests (“NCI”). Information regarding the subsidiaries is as follows: Proportion of equity interest held by NCI:
| Country of incorporation and operation | As of December 31,
Name | 2023 |  | 2022
Charoong Thai and its subsidiaries (“CTW Consolidated”) | Thailand | 49.07 | % |  | 49.07 | %
6(b) Summarized financial information about the subsidiaries The summarized financial information of the subsidiaries is provided below. This information is based on amounts before inter-company eliminations:
Summarized statements of comprehensive income | CTW consolidated
| For the year ended December 31,
| 2023 |  | 2022 |  | 2021
| US$’000 |  | US$’000 |  | US$’000
Revenue | 166,933 |  |  | 171,845 |  |  | 198,316 |
(Loss)/profit before tax | (7,587) |  |  | 2,153 |  |  | (16,535) |
Income tax expense/(income) | 39 |  |  | 420 |  |  | (4,223) |
(Loss)/profit for the year | (7,626) |  |  | 1,733 |  |  | (12,312) |
Other comprehensive income/(loss) | 3,252 |  |  | (4,537) |  |  | (12,688) |
Total comprehensive (loss)/income | (4,374) |  |  | (2,804) |  |  | (25,000) |
(Loss)/profit attributable to non-controlling interests | (3,742) |  |  | 850 |  |  | (6,041) |
Dividends paid to non-controlling interests | 285 |  |  | 563 |  |  | 2,815 |
Summarized balance sheets | CTW consolidated
| As of December 31,
| 2023 |  | 2022
| US$’000 |  | US$’000
Current assets | 127,780 |  |  | 128,230 |
Non-current assets | 48,748 |  |  | 49,496 |
Current liabilities | (61,226) |  |  | (46,681) |
Non-current liabilities | (5,893) |  |  | (16,677) |
Total equity | 109,409 |  |  | 114,368 |
Equity attributable to: |  |  |
Equity holders of the parent | 55,722 |  |  | 58,248 |
Non-controlling interests | 53,687 |  |  | 56,120 |
6(b) Summarized financial information about the subsidiaries (continued)
Summarized cash flow information | CTW consolidated
| For the year ended December 31,
| 2023 |  | 2022 |  | 2021
| US$’000 |  | US$’000 |  | US$’000
Operating | (11,954) |  |  | 7,389 |  |  | (37,071) |
Investing | (1,418) |  |  | (719) |  |  | (2,431) |
Financing | (144) |  |  | (7,726) |  |  | 41,740 |
Effect of changes in exchange rate on cash | 27 |  |  | (1,045) |  |  | (3,312) |
Net decrease in cash and cash equivalents | (13,489) |  |  | (2,101) |  |  | (1,074) |

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- Definition The disclosure of interests in subsidiaries. [Refer: Subsidiaries [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2023-01-01 -Paragraph 2 -Subparagraph b -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2023-en-r&anchor=para_2_b_i&doctype=Standard -URIDate 2023-03-23 + Details
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