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Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure Of Operating Segments [Abstract]

Inter-segment revenues are eliminated upon consolidation and reflected in the “adjustments and eliminations” column. All other adjustments and eliminations are part of detailed reconciliations presented further below.

5(b)Information about reportable segments

Year ended December 31, 2021	North Asia			Thailand			ROW			Total segments			Corporate expense adjustments and eliminations			Consolidated
	US$’000			US$’000			US$’000			US$’000			US$’000			US$’000
Revenues
External customers		107,032			197,779			171,848			476,659			—			476,659
Inter-segment		—			7			—			7			(7	)		—
Segment operating profit/(loss)		4,523			(13,537	)		6,690			(2,324	)		(3,009	)		(5,333	)
Depreciation and amortization(Included depreciation from right of use assets)		(1,074	)		(2,752	)		(1,566	)		(5,392	)		(102	)		(5,494	)
Depreciation from right of use assets		(36	)		—			(554	)		(590	)		(71	)		(661	)
Impairment of property, plant and equipment		—			(7	)		—			(7	)		—			(7	)
Interest income		43			76			3			122			1			123
Interest expense		(285	)		(380	)		(340	)		(1,005	)		(92	)		(1,097	)
Income tax (expense)/benefit		(2,104	)		4,223			(1,539	)		580			765			1,345

Other disclosures
Capital expenditure		11			5,585			2,018			7,614			937			8,551

5.	SEGMENT INFORMATION (continued)

5(b)Information about reportable segments (continued)

Year ended December 31, 2020	North Asia			Thailand			ROW			Total segments			Corporate expense adjustments and eliminations			Consolidated
	US$’000			US$’000			US$’000			US$’000			US$’000			US$’000
Revenues
External customers		73,199			143,647			96,718			313,564			—			313,564
Inter-segment		—			—			—			—			—			—
Segment operating profit/(loss)		3,087			11,250			(4,492	)		9,845			(2,973	)		6,872
Depreciation and amortization(Included depreciation from right of use assets)		(796	)		(2,773	)		(1,715	)		(5,284	)		(118	)		(5,402	)
Depreciation from right of use assets		(46	)		—			(504	)		(550	)		(71	)		(621	)
Impairment of property, plant and equipment		—			(4	)		(198	)		(202	)		—			(202	)
Interest income		94			192			33			319			1			320
Interest expense		(178	)		(105	)		(257	)		(540	)		(75	)		(615	)
Income tax (expense)/benefit		(791	)		(2,344	)		(714	)		(3,849	)		(167	)		(4,016	)

Other disclosures
Capital expenditure		3,763			10,674			167			14,604			—			14,604

Year ended December 31, 2019	North Asia			Thailand			ROW			Total segments			Corporate expense adjustments and eliminations			Consolidated
	US$’000			US$’000			US$’000			US$’000			US$’000			US$’000
Revenues
External customers		76,575			172,379			89,206			338,160			—			338,160
Inter-segment		—			6			—			6			(6	)		—
Segment operating profit/(loss)		1,237			3,042			(1,659	)		2,620			(2,884	)		(264	)
Depreciation and amortization(Included depreciation from right of use assets)		(811	)		(2,842	)		(1,613	)		(5,266	)		(58	)		(5,324	)
Depreciation from right of use assets		(44	)		—			(441	)		(485	)		(22	)		(507	)
Impairment of property, plant and equipment		(549	)		3			—			(546	)		—			(546	)
Interest income		57			403			45			505			1			506
Interest expense		(239	)		(481	)		(102	)		(822	)		(23	)		(845	)
Income tax (expense)/benefit		(561	)		(1,235	)		105			(1,691	)		(366	)		(2,057	)

Other disclosures
Capital expenditure		552			4,590			242			5,384			78			5,462

5(d)Segment assets and liabilities

									Corporate
									adjustments
	North Asia		Thailand		ROW		Total segments		and eliminations		Consolidated
	US$’000		US$’000		US$’000		US$’000		US$’000		US$’000
As of December 31, 2021
Total assets		56,629		186,405		136,145		379,179		10,249		389,428
Total liabilities		15,166		76,610		80,731		172,507		7,604		180,111
As of December 31, 2020
Total assets		52,436		173,967		100,823		327,226		10,893		338,119
Total liabilities		12,647		29,911		47,132		89,690		13,554		103,244

Reconciliation of Segment Operating Profit (Loss)

5(c)Reconciliation of segment operating profit (loss)

	For the year ended December 31,
	2021			2020			2019
	US$’000			US$’000			US$’000
Segment operating profit		(2,324	)		9,845			2,620
Corporate expenses and others		(3,009	)		(2,973	)		(2,884	)
		(5,333	)		6,872			(264	)
Other operating income		587			814			385
Other operating expenses		(227	)		(129	)		(770	)
Operating profit		(4,973	)		7,557			(649	)
Finance costs		(1,251	)		(744	)		(1,012	)
Finance income		123			320			506
Share of loss of associates		(1	)		(1	)		(3	)
Exchange (loss)/gain		(4,425	)		(579	)		1,550
Other income		671			1,173			717
Other expense		(1	)		(1	)		(3	)
(Loss)/profit before tax		(9,857	)		7,725			1,106

Reconciliation of Assets and Liabilities

Reconciliation of assets:

	As of December 31,
	2021		2020
	US$’000		US$’000
Segment operating assets		379,179		327,226
Corporate and other assets		2,173		6,074
Investment in associates		835		930
Deferred tax assets		7,241		3,889
Total assets		389,428		338,119

Reconciliation of liabilities:

	As of December 31,
	2021		2020
	US$’000		US$’000
Segment operating liabilities		172,507		89,690
Corporate liabilities		3,499		9,146
Deferred tax liabilities		4,105		4,408
Total liabilities		180,111		103,244

Revenue From External Customers Based Major Categories

(i)Revenue from external customers is summarized as the following major categories:

Year ended December 31, 2021	North Asia		Thailand		ROW		Total segments		Corporate expense adjustments and eliminations		Consolidated
	US$’000		US$’000		US$’000		US$’000		US$’000		US$’000
Revenue from external customers
Power		—		63,629		127,891		191,520		—		191,520
Enamel		107,027		105,749		—		212,776		—		212,776
SDI		—		—		39,476		39,476		—		39,476
Others*		5		28,401		4,481		32,887		—		32,887
		107,032		197,779		171,848		476,659		—		476,659
Timing of revenue recognition
At a point in time		107,032		197,544		146,991		451,567		—		451,567
Over time		—		235		24,857		25,092		—		25,092
		107,032		197,779		171,848		476,659		—		476,659
* include revenues from fabrication service contracts, and sale of other wires and cables products.

(i)Revenue from external customers is summarized as the following major categories (continued):

Year ended December 31, 2020	North Asia		Thailand		ROW		Total segments		Corporate expense adjustments and eliminations		Consolidated
	US$’000		US$’000		US$’000		US$’000		US$’000		US$’000
Revenue from external customers
Power		—		48,851		78,779		127,630		—		127,630
Enamel		73,179		57,971		—		131,150		—		131,150
Fabrication		—		33,101		—		33,101		—		33,101
Others*		20		3,724		17,939		21,683		—		21,683
		73,199		143,647		96,718		313,564		—		313,564
Timing of revenue recognition
At a point in time		73,199		143,463		86,050		302,712		—		302,712
Over time		—		184		10,668		10,852		—		10,852
		73,199		143,647		96,718		313,564		—		313,564
* include revenues from SDI service contracts (which amounted to US$15.6 million in 2020), and sale of other wires and cables products.

Year ended December 31, 2019	North Asia		Thailand		ROW		Total segments		Corporate expense adjustments and eliminations		Consolidated
	US$’000		US$’000		US$’000		US$’000		US$’000		US$’000
Revenue from external customers
Power		—		49,493		78,686		128,179		—		128,179
Enamel		76,575		102,997		—		179,572		—		179,572
Others*		—		19,889		10,520		30,409		—		30,409
		76,575		172,379		89,206		338,160		—		338,160
Timing of revenue recognition
At a point in time		76,575		172,031		82,584		331,190		—		331,190
Over time		—		348		6,622		6,970		—		6,970
		76,575		172,379		89,206		338,160		—		338,160
* include revenues from SDI service contracts (which amounted to US$7.6 million in 2019), fabrication service contracts, and sale of other wires and cables products.

Revenue From External Customers and Non-Current Assets Broken Down by Country of Domicile

(ii)Revenue from external customers is attributed to individual countries based on the customer’s country of domicile and is summarized as follows:

	For the year ended December 31,
	2021		2020		2019
	US$’000		US$’000		US$’000
Revenues from external customers
Thailand		168,773		128,868		116,160
Singapore		95,116		44,477		46,218
Australia		67,652		45,161		34,447
China		118,219		77,411		81,813
India		1,248		2,860		36,121
Southeast Asia		25,643		14,774		23,390
Northeast Asia		8		13		11
		476,659		313,564		338,160

The total non-current assets other than financial instruments and deferred tax assets broken down by the country of domicile are summarized as follow:

	As of December 31,
	2021		2020
	US$’000		US$’000
Non-current assets by country:
Thailand		40,423		41,232
Singapore		5,601		6,620
China		10,725		9,354
Australia		7,815		8,006
Other		71		173
Total non-current assets		64,635		65,385