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MATERIAL PARTLY-OWNED SUBSIDIARIES (Tables)
 12 Months Ended
Dec. 31, 2023
Disclosure of subsidiaries [abstract]  
Subsidiaries of the Company
The subsidiaries of our Company are set out below:
Percentage of equity interest
Place of incorporation and operations20232022
The British Virgin Islands
APWC General Holdings Limited100 %100 %
PRC (APWC) Holding Ltd.100 %100 %
Samray Inc.100 %100 %
Siam (APWC) Holdings Ltd.100 %100 %
Moon View Ltd.100 %100 %
Trigent Investment Holdings Limited100 %100 %
Crown Century Holdings Ltd.100 %100 %
Singapore
Sigma Cable Company (Private) Limited (“Sigma Cable”)98.30 %98.30 %
Epan Industries Pte Ltd.98.30 %98.30 %
Singvale Pte Ltd.100 %100 %
The People’s Republic of China (“PRC”)
Ningbo Pacific Cable Co., Ltd. (“Ningbo Pacific”)97.93 %97.93 %
Shanghai Yayang Electric Co., Ltd. (“SYE”)68.75 %68.75 %
Pacific Electric Wire & Cable (Shenzhen) Co., Ltd. (“PEWS”)97.93 %97.93 %
Hong Kong
Crown Century Holdings Limited (“CCH (HK)”)97.93 %97.93 %
Australia
Australia Pacific Electric Cable Pty Limited (“APEC”)98.06 %98.06 %
Thailand
Charoong Thai Wire and Cable Public Company Limited (“Charoong Thai”) (i)50.93 %50.93 %
Siam Pacific Electric Wire & Cable Company Limited (“Siam Pacific”)50.93 %50.93 %
Double D Cable Company Limited (“Double D”)50.93 %50.93 %
Hard Lek Limited.73.98 %73.98 %
APWC (Thailand) Co., Ltd.99.48 %99.48 %
PEWC (Thailand) Co., Ltd.99.48 %99.48 %
CTW Beta Co., Ltd.50.89 %50.89 %
Siam Fiber Optics Co., Ltd. (“SFO”) 50.93 %50.93 %
Taiwan
Asia Pacific New Energy Corporation Limited ("APNEC") (ii)100.00 %100.00 %
Pacific Smart System Corporation Limited ("PSSC") (ii)
(Formerly YASHIN Energy Corporation Limited)		100.00 %100.00 %
YADING Energy Corporation Limited ("YADING") 100.00 %100.00 %
(i)Charoong Thai is listed on the Stock Exchange of Thailand and is engaged in the manufacturing of wire and cable products for the power and telecommunications industries in Thailand.
(ii)On December 15, 2022, APWC contributed additional capital in APNEC in the form of a cash injection of $3.9 million (or NT$120 million). Following that, on December 16, 2022, APNEC increased the capital of its subsidiary PSSC by injecting US$2.3 million (or NT$70 million) in cash.
Proportion of equity interest held by NCI:
Country of incorporation and operationAs of December 31,
Name20232022
Charoong Thai and its subsidiaries (“CTW Consolidated”)Thailand49.07 %49.07 %
Summarized Financial Information of Subsidiaries This information is based on amounts before inter-company eliminations:
Summarized statements of comprehensive incomeCTW consolidated
For the year ended December 31,
202320222021
US$’000 US$’000US$’000
Revenue166,933 171,845 198,316 
(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 interests285 563 2,815 
Summarized balance sheetsCTW consolidated
As of December 31,
20232022
US$’000 US$’000
Current assets127,780 128,230 
Non-current assets48,748 49,496 
Current liabilities(61,226)(46,681)
Non-current liabilities(5,893)(16,677)
Total equity109,409 114,368 
Equity attributable to:
Equity holders of the parent55,722 58,248 
Non-controlling interests53,687 56,120 
6(b)    Summarized financial information about the subsidiaries (continued)
Summarized cash flow informationCTW consolidated
For the year ended December 31,
202320222021
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 cash27 (1,045)(3,312)
Net decrease in cash and cash equivalents(13,489)(2,101)(1,074)