Asset Reinstatement Obligations

12 Months Ended

Dec. 31, 2018

Asset reinstatement obligations [abstract]

Asset reinstatement obligations

17 Asset reinstatement obligations

	31/12/2017			31/12/2018
	US$’000			US$’000
At 1 January		206			262
Additions		202			–
Unwinding of discount		5			4
Reversal of provision of reinstatement		(103	)		(34	)
Utilized		(55	)		(18	)
Translation difference		7			(4	)
At 31 December		262			210
Current		96			43
Non-current		166			167
		262			210

Asset reinstatement obligations are made for the reinstatement of the lease premises to its original condition. The reinstatement costs are provided at the present value of expected costs to settle the obligation and are recognized as part of the leasehold improvement costs at a discount rate of 5% for all years. The unwinding of discount is expensed as incurred and recognized in profit or loss as a finance cost.