XML 53 R25.htm IDEA: XBRL DOCUMENT v3.22.1
INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2021
INTANGIBLE ASSETS [Abstract]  
INTANGIBLE ASSETS
 
17
INTANGIBLE ASSETS
 
 
 
2021
 
 
2020
 
 
 
US$’000
 
 
US$’000
 
Cost:
 
 
 
 
 
 
 
 
Balance at 1 January
 
 
7,669
 
 
 
7,057
 
Additions
 
 
6
 
 
 
352
 
Reclassification to disposal group held for sale (Note 38)
 
 
-
 
 
 
(10
)
Disposal
 
 
(2
)
 
 
-
 
Derecognition of intangible asset
 
 
(5,412
)
 
 
-
 
Effect of foreign currency exchange differences
 
 
(232
)
 
 
270
 
Balance at 31 December
 
 
2,029
 
 
 
7,669
 
 
 
 
 
 
 
 
 
 
Accumulated amortisation:
 
 
 
 
 
 
 
 
Balance at 1 January
 
 
3,942
 
 
 
3,244
 
Amortisation from continuing operations
 
 
165
 
 
 
146
 
Reclassification to disposal group held for sale (Note 38)
 
 
-
 
 
 
(10
)
Derecognition of intangible asset
 
 
(2,127
)
 
 
-
 
Effect of foreign currency exchange differences
 
 
(178
)
 
 
562
 
Balance at 31 December
 
 
1,802
 
 
 
3,942
 
 
 
 
 
 
 
 
 
 
Impairment:
 
 
 
 
 
 
 
 
Balance at 1 January
 
 
3,322
 
 
 
3,636
 
Derecognition of intangible asset
 
 
(3,284
)
 
 
-
 
Effect of foreign currency exchange differences
 
 
(38
)
 
 
(314
)
Balance at 31 December
 
 
-
 
 
 
3,322
 
 
 
 
 
 
 
 
 
 
Carrying Amount:
 
 
 
 
 
 
 
 
At 31 December
 
 
227
 
 
 
405
 
 
Intangible assets include club memberships, software and licences. Club memberships are lifetime memberships and are not amortised. Software and licenses arose from the installation of major information systems (including packaged software) and are amortised over 3 years, the period over which the benefit is expected to accrue.