Trade and Other Receivables (Tables)

12 Months Ended

Dec. 31, 2021

Text Block1 [Abstract]

Summary of Trade and Other Receivables

	As of December 31,
	2021			2020
	US$’000			US$’000
Trade receivables		104,405			83,485
Less: Loss allowances		(841	)		(1,414	)
Trade receivable, net		103,564			82,071
Other receivables		2,683			6,227
Less: Loss allowances		(35	)		(35	)
Other receivable, net		2,648			6,192

As of December 31, 2021 and 2020, trade receivables were all from contracts with customers. And as of January 1, 2020, the balance of trade receivables from contracts with customers was $74,077.

Movement in Provision for Impairment of Trade Receivables

12(a) Movement in the loss allowance on trade receivables

	2021			2020
	US$’000			US$’000
At January 1		1,414			1,550
Charge for the year		383			227
Write-off		(734	)		(339	)
Unused amounts reversed		(170	)		(147	)
Currency translation adjustment		(65	)		102
Reclassification		13			21
At December 31		841			1,414

Aging Analysis of Trade Receivables

12.TRADE AND OTHER RECEIVABLES (continued) 

12(b)Aging analysis of trade receivables 

					Past due
	Total		Current		1-30 days		31-60 days		61-90 days		91-120 days		>120 days
	US$’000		US$’000		US$’000		US$’000		US$’000		US$’000		US$’000
December 31, 2021
Expected loss rate	0.81%		0.11%		0.68%		4.77%		7.14%		3.03%		53.12%
Gross carrying amount - trade receivables		104,405		90,080		11,140		1,572		504		66		1,043
Loss allowances		841		98		76		75		36		2		554
Trade receivable, net		103,564		89,982		11,064		1,497		468		64		489
December 31, 2020
Expected loss rate	1.69%		0.16%		1.23%		2.80%		6.92%		15.91%		66.48%
Gross carrying amount - trade receivables		83,485		69,336		9,557		2,751		159		44		1,638
Loss allowances		1,414		112		118		77		11		7		1,089
Trade receivable, net		82,071		69,224		9,439		2,674		148		37		549