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Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2021
Related Party Transactions [Abstract]  
Outstanding Balance and Transactions with Related Parties

The following table provided the total amount of outstanding balance at December 31, 2021 and 2020.

 

 

Amounts due from related parties

 

Amounts due to related parties

 

 

 

As of December 31,

 

As of December 31,

 

 

 

2021

 

2020

 

2021

 

2020

 

 

 

US$’000

 

US$’000

 

US$’000

 

US$’000

 

The ultimate parent company

 

 

 

 

 

 

 

 

 

 

 

 

 

PEWC

 

 

24

 

 

 

 

10,075

 

 

8,550

 

PEWC, Singapore Branch

 

 

21

 

 

22

 

 

 

 

 

PEWC Singapore Co.

(Pte) Ltd.

 

 

 

 

 

 

400

 

 

400

 

PEWC (HK)

 

 

7,204

 

 

5,613

 

 

16

 

 

42

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Associate

 

 

 

 

 

 

 

 

 

 

 

 

 

SPHC

 

 

176

 

 

196

 

 

1,362

 

 

1,362

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-controlling shareholder of subsidiary

 

 

 

 

 

 

 

 

 

 

 

 

 

Italian-Thai and its affiliates

 

 

6,540

 

 

5,151

 

 

 

 

240

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Others

 

 

 

 

 

 

12

 

 

26

 

Total

 

 

13,965

 

 

10,982

 

 

11,865

 

 

10,620

 

 

The transactions undertaken with related parties are summarized as follows:

 

 

 

 

For the year ended December 31,

 

 

 

 

 

2021

 

2020

 

2019

 

 

 

 

 

US$’000

 

US$’000

 

US$’000

 

The ultimate parent company

 

 

 

 

 

 

 

 

 

 

 

 

PEWC

 

Purchases

 

 

20,359

 

 

5,742

 

 

2,745

 

 

 

Sales

 

 

5,254

 

 

90

 

 

 

 

 

Fabrication income received

 

 

25

 

 

 

 

140

 

 

 

Management fee paid

 

 

153

 

 

133

 

 

199

 

 

 

Information technology service fee paid

 

 

113

 

 

123

 

 

101

 

 

 

Training fee paid

 

 

110

 

 

 

 

 

 

 

Interest expenses paid

 

 

91

 

 

60

 

 

 

PEWC, Singapore Branch

 

Management fee received

 

 

14

 

 

14

 

 

14

 

PEWC Singapore Co. (Pte) Ltd.

 

Interest expenses paid

 

 

 

 

12

 

 

22

 

PEWC (HK)

 

Sales

 

 

25,127

 

 

17,004

 

 

17,831

 

 

 

Service fee paid

 

 

219

 

 

209

 

 

218

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-controlling shareholder of subsidiary

 

 

 

 

 

 

 

 

 

 

 

 

Italian Thai and its affiliates

 

Sales

 

 

6,613

 

 

5,344

 

 

4,188

 

 

 

Construction of factory building expenses

 

 

1,651

 

 

3,436

 

 

215

 

Fujikura Limited

 

Purchases

 

 

 

 

 

 

249

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Others

 

Fabrication cost

 

 

350

 

 

238

 

 

581

 

 

Compensation of Key Management Personnel

24(d)Compensation of key management personnel of our Company

 

 

For the years ended December, 31

 

 

 

2021

 

2020

 

2019

 

 

 

US$’000

 

US$’000

 

US$’000

 

Short-term employee benefits

 

 

2,372

 

 

3,050

 

 

3,073

 

Post-employment benefits

 

 

84

 

 

114

 

 

179

 

Total compensation paid to key management

   personnel

 

 

2,456

 

 

3,164

 

 

3,252