XML 117 R89.htm IDEA: XBRL DOCUMENT v3.22.1
ACQUISITION OF ASSETS AND DISPOSAL OF BUSINESSES (Tables)
12 Months Ended
Dec. 31, 2021
Sale Of Business [Abstract]  
Disclosure of detailed information about business combination
Assets and liabilities recognised at the date of acquisition
 
2020
 
 
 
US$’000
 
 
 
 
 
Cash and bank balances including restricted cash
 
 
15,774
 
Other receivables and prepayments
 
 
694
 
Due from related parties
 
 
2,512
 
Inventories
 
 
485
 
Ships, property, plant and equipment (Note 13)
 
 
243,883
 
Right-of-use assets (Note 14)
 
 
87
 
Bank loans (Note 25)
 
 
(125,517
)
Other payables
 
 
(2,690
)
Due to related parties
 
 
(33
)
Lease liabilities (Note 24)
 
 
(90
)
Fair value of net identifiable assets acquired
 
 
135,105
 
 
Net cash outflows arising on acquisition of IVS Bulk Pte. Ltd.
 
2020
 
 
 
US$’000
 
 
 
 
 
Total purchase consideration
 
 
(44,087
)
Less: cash and bank balances including restricted cash
 
 
15,774
 
Payment for acquisition of subsidiary, net of cash acquired
 
 
(28,313
)