Other Current Liabilities

12 Months Ended

Dec. 31, 2021

Other Current Liabilities [Abstract]

Other Current Liabilities

22. OTHER CURRENT LIABILITIES

	As of December 31,
	2021		2020
	US$’000		US$’000
Contract liabilities		612		259
Dividend payable		671		691
Onerous contracts provisions		9,640		5,105
Other current liabilities		3,212		1,771
Total		14,135		7,826

Other current liabilities include undue value added tax, unpaid withholding tax, and other miscellaneous liabilities.

22(a)Onerous contracts provisions

	2021			2020
	US$’000			US$’000
At January 1		5,105			238
Recognized		6,241			4,658
Reversed		(1,401	)		—
Exchange differences		(305	)		209
At December 31		9,640			5,105

22(b)Contract Liabilities

	As of December 31,
	2021		2020		2019
	US$’000		US$’000		US$’000
Current contract liabilities
Advance from customers		511		156		93
Custodial service		50		44		63
Transportation service		51		59		60
Total current contract liabilities		612		259		216

Our Company recognizes contract liabilities when it receives advance payments from customers before performance obligations have been performed.

22. OTHER CURRENT LIABILITIES (continued)

22(b)Contract Liabilities (continued)

Revenue recognized in relation to contract liabilities

	For the year ended December 31,
	2021		2020
	US$’000		US$’000
Revenue recognized that was included in the contract liabilities balance at the beginning of the year
Advance from customers		156		93
Custodial service		40		60
Transportation service		44		56
		240		209