NON-CONTROLLING INTEREST (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure Of Detailed Information About Noncontrolling Interests [Abstract]

Disclosure Of Detailed Information About Noncontrolling Interests [Table Text Block]

	2020
	US$’000
IVS Bulk
Current assets		11,000
Non-current assets		252,447
Current liabilities		(15,428	)
Non-current liabilities		(104,264	)
Equity attributable to owners of the Company		98,990
Non-controlling interests		44,765
		143,755
Revenue		27,620
Cost of sales		(30,050	)
Gross loss		(2,430	)
Administration expenses		(968	)
Interest received		28
Interest paid		(4,568	)
Tax expense		(11	)
Loss for the year, representing total comprehensive loss for the year		(7,949	)
Loss attributable to the owners of the Company, representing total comprehensive loss for the year		(5,312	)
Loss attributable to the non-controlling interests, representing total comprehensive loss for the year		(2,637	)
Loss for the year, representing total comprehensive loss for the year		(7,949	)
Net cash inflow from operating activities		424
Net cash outflow from financing activities		(6,830	)
		(6,406	)

	2021			2020
	US$’000			US$’000
Balance at 1 January		41,782			-
Non-controlling interest arising on the acquisition of IVS Bulk Pte. Ltd. (Note 39.1)		-			44,087
Acquisition of the non-controlling interest of IVS Bulk Pte. Ltd. (Note 39.1)		(52,339	)		-
Share of profit (loss) for the year		10,557			(2,637	)
Adjustments		-			332
Balance at 31 December		-			41,782