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FINANCIAL RISK MANAGEMENT OBJECTIVES (Tables) | 12 Months Ended
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Dec. 31, 2023
Disclosure of detailed information about financial instruments [abstract] |
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
| 2023 |  | 2022 |  | 2023 |  | 2022
United States dollar (USD) | 5,135 |  |  | 8,231 |  |  | 4,689 |  |  | 15,057 |
Thai Baht (THB) | 4,254 |  |  | 326 |  |  | 891,587 |  |  | 30 |
Singapore dollar (SGD) | 296 |  |  | 106 |  |  | 11 |  |  | 46 |
Taiwan dollar (TWD) | 28,780 |  |  | 25,282 |  |  | 2,920 |  |  | 4,463 |
Renminbi (RMB) | 18 |  |  | 18 |  |  | — |  |  | — |
Hong Kong dollar (HKD) | 4,649 |  |  | 7,773 |  |  | 25 |  |  | 25 |
Euro (EUR) | 8 |  |  | 20 |  |  | — |  |  | — |
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
2023 | 5% |  | 22 |  |  | (1,303) |  |  | 11 |  |  | 42 |  |  | 30 |  |  | — |
| -5% |  | (22) |  |  | 1,303 |  |  | (11) |  |  | (42) |  |  | (30) |  |  | — |
2022 | 5% |  | (341) |  |  | — |  |  | 2 |  |  | 34 |  |  | 50 |  |  | 1 |
| -5% |  | 341 |  |  | — |  |  | (2) |  |  | (34) |  |  | (50) |  |  | (1) |
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$’000
2023 |  |  |  |  |
Copper | -14 | % |  | (3,296) |  |  | N/A
| +14 | % |  | 3,296 |  |  | N/A
2022 | +23 | % |  | 5,981 |  |  | N/A
Copper | -23 | % |  | (5,981) |  |  | N/A
Summary of Maturity Profile of Financial Liabilities Based on Contractual Undiscounted Payment Obligations | The table below summarizes the maturity profile of our Company’s financial liabilities based on contractual undiscounted payment obligations.
| < 1 year |  | 2 to 3 years |  | 4 to 5 years |  | > 5 years |  | Total
| US$’000 |  | US$’000 |  | US$’000 |  | US$’000 |  | US$’000
As of December 31, 2023 |  |  |  |  |  |  |  |  |
Financial liabilities |  |  |  |  |  |  |  |  |
Interest-bearing loans and borrowings | 57,170 |  |  | — |  |  | — |  |  | — |  |  | 57,170 |
Trade and other payables | 51,743 |  |  | — |  |  | — |  |  | — |  |  | 51,743 |
Due to related parties | 7,941 |  |  | — |  |  | — |  |  | — |  |  | 7,941 |
Financial liabilities at fair value through profit or loss | 74 |  |  | — |  |  | — |  |  | — |  |  | 74 |
Lease liability | 676 |  |  | 673 |  |  | 386 |  |  | 355 |  |  | 2,090 |
| 117,604 |  |  | 673 |  |  | 386 |  |  | 355 |  |  | 119,018 |
As of December 31, 2022 |  |  |  |  |  |  |  |  |
Financial liabilities |  |  |  |  |  |  |  |  |
Interest-bearing loans and borrowings | 46,087 |  |  | 9,616 |  |  | 400 |  |  | 4,870 |  |  | 60,973 |
Trade and other payables | 39,891 |  |  | — |  |  | — |  |  | — |  |  | 39,891 |
Due to related parties | 16,613 |  |  | — |  |  | — |  |  | — |  |  | 16,613 |
Financial liabilities at fair value through profit or loss | 6 |  |  | — |  |  | — |  |  | — |  |  | 6 |
Lease liability | 788 |  |  | 1,073 |  |  | 469 |  |  | 579 |  |  | 2,909 |
| 103,385 |  |  | 10,689 |  |  | 869 |  |  | 5,449 |  |  | 120,392 |
Summary of Capital Management |
| As of December 31,
| 2023 |  | 2022
| US$’000 |  | US$’000
Interest bearing loans and borrowings | 53,737 |  |  | 57,731 |
Trade and other payables | 51,743 |  |  | 39,891 |
Less: cash and cash equivalents | (37,970) |  |  | (54,017) |
Net debt | 67,510 |  |  | 43,605 |
Total Equity | 214,621 |  |  | 211,428 |
Capital and net debt | 282,131 |  |  | 255,033 |
Gearing ratio | 23.9% |  | 17.1%

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