CASH AND BANK BALANCES INCLUDING RESTRICTED CASH.

12 Months Ended

Dec. 31, 2021

Disclosure of cash and cash equivalents [Abstract]

CASH AND BANK BALANCES INCLUDING RESTRICTED CASH

6 CASH AND BANK BALANCES INCLUDING RESTRICTED CASH

	2021			2020
	US$’000			US$’000
Restricted cash, current portion		2,875			3,319
Cash on hand		518			566
Cash at bank		103,725			37,376
Cash and bank balances		107,118			41,261
Less: Restricted cash, current portion		(2,875	)		(3,319	)
Cash and cash equivalents in the statements of cash flows		104,243			37,942
Restricted cash
Classified as:
Current		2,875			3,319
Non-current		6,649			9,304
		9,524			12,623

The current portion of the restricted cash represents amounts placed in retention accounts can only be used to fund loan repayments or interest payments. The non-current portion of restricted cash represents debt reserves security deposit required due to the conditions of certain banking facilities and these deposits are not available to finance the Group’s day to day operations.