GOODWILL (Tables)

12 Months Ended

Dec. 31, 2021

GOODWILL [Abstract]

Disclosure of detailed information about goodwill [Table Text Block]

	2021			2020
	US$’000			US$’000
Cost:
Balance at 1 January		3,928			3,912
Acquired on acquisition of subsidiary		-			25
Derecognition of goodwill		(604	)		-
Effect of foreign currency exchange differences		(19	)		(9	)
At 31 December		3,305			3,928
Accumulated impairment losses:
Balance at 1 January		2,968			2,968
Impairment		965			-
Derecognition of goodwill		(604	)		-
Effect of foreign currency exchange differences		(24	)		-
Balance at 31 December		3,305			2,968
Carrying amount:
At 31 December		-			960

Disclosure of detailed information about cost of goodwill [Table Text Block]

Goodwill acquired in a business combination is allocated, at acquisition, to the CGUs that are expected to benefit from that business combination.  Before recognition of impairment losses, the cost of goodwill had been allocated as follows:

	2021		2020
	US$’000		US$’000
Cost:
Island Trading and Shipping		3,089		3,089
Parcel Service		216		235
Unicorn Tankers International		-		604
		3,305		3,928