XML 75 R61.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

RELATED PARTY TRANSACTIONS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Related party transactions [abstract] |
Outstanding Balance and Transactions with Related Parties | The following table provided the total amount of outstanding balance at December 31, 2023 and 2022.
|  | As of December 31,
|  | 2023 |  | 2022
|  | US$’000 |  | US$’000
Amounts due from related parties |  |  |  |
The ultimate parent company | PEWC | 107 |  |  | 147 |
| PEWC, Singapore Branch | 14 |  |  | 5 |
| PEWC (HK) | 130 |  |  | 4,177 |
| Taiwan Submarine Cable Co., Ltd | — |  |  | 65 |
| PACIFIC UNION CO., LTD. | 13 |  |  | — |
Associate | SPHC | 171 |  |  | 170 |
Non-controlling shareholder of subsidiary | Italian-Thai and its affiliates | 933 |  |  | 6,454 |
|  | 1,368 |  |  | 11,018 |
Amounts due to related parties |  |  |  |
The ultimate parent company | PEWC | 5,849 |  |  | 14,814 |
| PEWC Singapore Co. (Pte) Ltd. | 400 |  |  | 400 |
| PEWC (HK) | 1 |  |  | 26 |
| SUMI-PAC CONSTRUCTION COMPANY, LTD. | 299 |  |  | — |
| PACIFIC UNION CO., LTD. | 17 |  |  | — |
Associate | SPHC | 1,362 |  |  | 1,362 |
Others |  | 13 |  |  | 11 |
|  | 7,941 |  |  | 16,613 |
Contract liabilities |  |  |  |
The ultimate parent company | PEWC | — |  |  | 137 |
The transactions undertaken with related parties are summarized as follows:
|  |  |  | For the year ended December 31,
|  |  |  | 2023 |  | 2022 |  | 2021
|  |  |  | US$’000 |  | US$’000 |  | US$’000
The ultimate parent company |  |  |  |  |  |  |  |
PEWC |  | Purchases |  | 23,093 |  |  | 24,914 |  |  | 20,359 |
|  | Sales |  | 14 |  |  | — |  |  | 5,254 |
|  | Fabrication income received |  | — |  |  | — |  |  | 25 |
|  | Construction income received |  | 1,006 |  |  | 3 |  |  | — |
|  | Management fee received |  | 29 |  |  | 10 |  |  | — |
|  | Management fee paid |  | 205 |  |  | 172 |  |  | 153 |
|  | Information technology service fee paid |  | 132 |  |  | 120 |  |  | 113 |
|  | Training fee paid |  | — |  |  | — |  |  | 110 |
|  | Interest expenses paid |  | — |  |  | — |  |  | 91 |
|  | Rental fee paid |  | 104 |  |  | 18 |  |  | — |
|  | Vehicle sale proceeds received |  | 18 |  |  | — |  |  | — |
|  | Materials purchased for interior office redecorating |  | — |  |  | 8 |  |  | — |
SUMI-PAC CONSTRUCTION COMPANY, LTD. |  | Rental fee received |  | 26 |  |  | — |  |  | — |
|  | Service fee received |  | 31 |  |  | — |  |  | — |
|  | Purchases |  | 280 |  |  | — |  |  | — |
Pacific Charity Foundation |  | Rental fee received |  | 9 |  |  | — |  |  | — |
PACIFIC UNION CO., LTD. |  | Construction income received |  | 11 |  |  | — |  |  | — |
|  |  |  | For the year ended December 31,
|  |  |  | 2023 |  | 2022 |  | 2021
|  |  |  | US$’000 |  | US$’000 |  | US$’000
Chung-Tai Technology Development Engineering Corporation |  | Rental fee received |  | 11 |  |  | — |  |  | — |
|  | Service fee received |  | 1 |  |  | — |  |  | — |
PEWC, Singapore Branch |  | Management fee received |  | — |  |  | — |  |  | 14 |
PEWC (HK) |  | Sales |  | 7,437 |  |  | 18,309 |  |  | 25,127 |
|  | Service fee paid |  | 67 |  |  | 156 |  |  | 219 |
Non-controlling shareholder of subsidiary |  |  |  |  |  |  |  |
Italian Thai and its affiliates |  | Sales |  | 5,230 |  |  | 8,772 |  |  | 6,613 |
|  | Construction of factory building expenses |  | — |  |  | — |  |  | 1,651 |
|  | Loss allowance |  | 4,565 |  |  | — |  |  | — |
Others |  | Fabrication cost |  | 150 |  |  | 277 |  |  | 350 |
|  | Vehicle sale proceeds received |  | 25 |  |  | — |  |  | — |
Compensation of Key Management Personnel |
| For the years ended December, 31
| 2023 |  | 2022 |  | 2021
| US$’000 |  | US$’000 |  | US$’000
Short-term employee benefits | 1,898 |  |  | 1,953 |  |  | 2,372 |
Post-employment benefits | 88 |  |  | 48 |  |  | 84 |
Total compensation paid to key management personnel | 1,986 |  |  | 2,001 |  |  | 2,456 |

X
- Definition The disclosure of information about key management personnel. [Refer: Key management personnel of entity or parent [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of transactions between the entity and its related parties. [Refer: Related parties [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 24 -IssueDate 2023-01-01 -Paragraph 18 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=24&code=ifrs-tx-2023-en-r&anchor=para_18&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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