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RIGHT-OF-USE ASSETS
 12 Months Ended
Dec. 31, 2024
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,
20242023
Right of use assetsUS$’000US$’000
Land and land use right1,619 2,054 
Buildings692 575 
Motor vehicles and other assets30 86 
Office equipment79 110 
2,420 2,825 
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 2024 financial year were $831 (2023: $177).
The information on assets reclassified as held for sale is provided in Note 20.
16(b)    Amounts recognized in the consolidated income statements
20242023
Depreciation charge of right of use assetsUS$’000US$’000
Land263 208 
Buildings413 456 
Motor vehicles and other assets52 82 
Office equipment37 44 
765 790 
Interest expenses (included in finance cost)85 98 
Expenses relating to short-term leases16 15 
Expenses relating to lease of low-value assets that are not short-term leases— 1 
The total cash outflow for lease in 2024 was $837 (2023: $805).