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Financial Risk Management Objectives (Tables)
12 Months Ended
Dec. 31, 2020
Disclosure Of 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 the Company’s each functional currency are summarized below.

 

Financial Assets

 

Financial Liabilities

 

 

As of December 31,

 

As of December 31

 

 

2020

 

2019

 

2020

 

2019

 

United States dollar (USD)

 

10,025

 

 

19,263

 

 

7,501

 

 

4,802

 

Thai Baht (THB)

 

13,241

 

 

346

 

 

30

 

 

87,779

 

Singapore dollar (SGD)

 

113

 

 

233

 

 

6

 

 

20

 

Taiwan dollar (TWD)

 

3,357

 

 

9,711

 

 

4,820

 

 

7,648

 

Renminbi (RMB)

 

18

 

 

119

 

 

 

 

 

Hong Kong dollar (HKD)

 

8,017

 

 

7,526

 

 

28

 

 

83

 

Euro (EUR)

 

249

 

 

 

 

413

 

 

 

Statements [Line Items]  
Summary of Maturity Profile of Financial Liabilities Based on Contractual Undiscounted Payment Obligations

The table below summarizes the maturity profile of the 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, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest-bearing loans and borrowings

 

10,279

 

 

462

 

 

463

 

 

4,224

 

 

15,428

 

Trade and other payables

 

27,370

 

 

 

 

 

 

 

 

27,370

 

Due to related parties

 

10,620

 

 

 

 

 

 

 

 

10,620

 

Lease liability

 

613

 

 

584

 

 

431

 

 

993

 

 

2,621

 

 

 

48,882

 

 

1,046

 

 

894

 

 

5,217

 

 

56,039

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of  December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest-bearing loans and borrowings

 

11,484

 

 

 

 

 

 

 

 

11,484

 

Trade and other payables

 

16,879

 

 

 

 

 

 

 

 

16,879

 

Due to related parties

 

3,284

 

 

 

 

 

 

 

 

3,284

 

Financial liabilities at fair value through profit or loss

 

3

 

 

 

 

 

 

 

 

3

 

Lease liability

 

656

 

 

910

 

 

444

 

 

1,182

 

 

3,192

 

 

 

32,306

 

 

910

 

 

444

 

 

1,182

 

 

34,842

 

 

Summary of Capital Management

In line with industry practices, the Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. The Company includes within net debt, interest bearing loans and borrowings, trade and other payables, less cash and cash equivalents.

 

As of December 31,

 

 

2020

 

2019

 

 

US$’000

 

US$’000

 

Interest bearing loans and borrowings

 

13,781

 

 

11,356

 

Trade and other payables

 

27,370

 

 

16,879

 

Less: cash and cash equivalents

 

(52,237

)

 

(53,673

)

Net debt

 

(11,086

)

 

(25,438

)

Total Equity

 

234,875

 

 

228,435

 

Capital and net debt

 

223,789

 

 

202,997

 

Gearing ratio

0.0%

 

0.0%

 

Foreign currency risk [Member]  
Statements [Line Items]  
Sensitivity of Profit Before Tax and Equity to a Reasonably Possible Change of Relevant Risk Variable

The following table demonstrates the sensitivity of the 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

 

RMB

 

HKD

 

EUR

 

 

5%

 

 

126

 

 

22

 

 

4

 

 

(3

)

 

 

 

52

 

 

(10

)

2020

-5%

 

 

(126

)

 

(22

)

 

(4

)

 

3

 

 

 

 

(52

)

 

10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5%

 

 

723

 

 

(147

)

 

8

 

 

3

 

 

1

 

 

48

 

 

 

2019

-5%

 

 

(723

)

 

147

 

 

(8

)

 

(3

)

 

(1

)

 

(48

)

 

 

Commodity price risk: Copper [Member]  
Statements [Line Items]  
Sensitivity of Profit Before Tax and Equity to a Reasonably Possible Change of Relevant Risk Variable

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

2020

 

+28

%

 

5,398

 

N/A

Copper

 

-28

%

 

(5,398

)

N/A

 

 

 

 

 

 

 

 

2019

 

-16

%

 

(3,473

)

N/A

Copper

 

+16

%

 

3,473

 

N/A