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COMMITMENTS AND CONTINGENCIES | 12 Months Ended
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Dec. 31, 2023
Disclosure of contingent liabilities [abstract] |
COMMITMENTS AND CONTINGENCIES | COMMITMENTS AND CONTINGENCIES 25(a) Purchase commitments As of December 31, 2023 and 2022, our Company had commitments to purchase raw materials totaling $127 million to $147 million and $191 million to $225 million (14,765 to 17,115 metric tons and 22,375 to 26,255 metric tons), respectively, from third parties and PEWC at the prices stipulated in the contracts. 25(b) Capital commitments As of December 31, 2023 and 2022, our Company had capital commitment relating to the construction of factory building improvement and acquisition of machinery, totaling $0.7 million and $0.7 million, respectively. 25(c) Guarantees As of December 31, 2023 and 2022, APWC provided a corporate guarantee not exceeding the sum of $29 million and $25 million, respectively, for the bond performance and banking facility of Sigma Cable. As of December 31, 2023 and 2022, there were outstanding bank guarantees of $17 million and $14 million, respectively, issued by the banks on behalf of Charoong Thai and its subsidiaries in respect of certain performance bonds as required in the normal course of business of the companies. These guarantees generally expire within 1 year. 25(d) Service commitments As of December 31, 2023 and 2022, our Company had commitments in respect of management consulting services with related parties totaling $0.1 million and $0.1 million, respectively.

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- Definition The disclosure of commitments and contingent liabilities. [Refer: Contingent liabilities [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
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