Financial Risk Management Objectives and Policies (Tables)

12 Months Ended

Dec. 31, 2018

Financial risk management objectives and policies [abstract]

Schedule of foreign currency risk

	SGD			TWD			EUR			AUD			USD			HKD			KRW			Others			Total
	US$’000			US$’000			US$’000			US$’000			US$’000			US$’000			US$’000			US$’000			US$’000
31 December 2017
Financial assets
Non-current financial assets		–			138			–			115			–			24			146			57			480
Trade and other receivables		1,092			70			–			460			400			564			801			1,238			4,625
Other current financial assets		737			–			221			23			10			1			129			92			1,213
Cash and cash equivalents		2,872			124			–			58			3,243			146			339			530			7,312
		4,701			332			221			656			3,653			735			1,415			1,917			13,630
Financial liabilities
Convertible preference shares		(56,854	)		–			–			–			–			–			–			–			(56,854	)
Interest-bearing loans and borrowings		(51,876	)		–			–			–			(6,637	)		–			(22	)		(8	)		(58,543	)
Contingent settlement provision		(307	)		–			–			–			–			–			–			–			(307	)
Trade and other payables, excluding deferred government grants		(6,616	)		(72	)		(670	)		(439	)		(672	)		(117	)		(1,882	)		(1,049	)		(11,517	)
		(115,653	)		(72	)		(670	)		(439	)		(7,309	)		(117	)		(1,904	)		(1,057	)		(127,221	)
Net financial (liabilities)/assets		(110,952	)		260			(449	)		217			(3,656	)		618			(489	)		860			(113,591	)
Less: Financial (liabilities)/assets denominated in the respective entities’ functional currencies		(110,952	)		277			–			(33	)		59			320			(489	)		600			(110,218	)
Currency exposure of financial liabilities net of those denominated in the respective entities’ functional currencies		–			(17	)		(449	)		250			(3,715	)		298			–			260			(3,373	)

	SGD			TWD			EUR		AUD			USD			HKD			KRW			Others			Total
	US$’000			US$’000			US$’000		US$’000			US$’000			US$’000			US$’000			US$’000			US$’000
31 December 2018
Financial assets
Non-current financial assets		–			145			–		109			–			19			143			56			472
Trade and other receivables		1,148			50			36		265			281			669			961			1,260			4,670
Other current financial assets		191			–			217		25			23			1			99			73			629
Cash and cash equivalents		808			99			–		423			295			212			378			389			2,604
Marketable securities held in trust account		–			–			–		–			15,196			–			–			–			15,196
		2,147			294			253		822			15,795			901			1,581			1,778			23,571
Financial liabilities
Interest-bearing loans and borrowings		(51,272	)		–			–		–			(8,026	)		–			(59	)		(6	)		(59,363	)
Loan from shareholders		–			–			–		–			(15,188	)		–			–			–			(15,188	)
Trade and other payables, excluding deferred government grants		(14,480	)		(939	)		5,208		(1,307	)		(5,975	)		(1,773	)		(2,265	)		1,670			(19,861	)
		(65,752	)		(939	)		5,208		(1,307	)		(29,189	)		(1,773	)		(2,324	)		1,664			(94,412	)
Net financial (liabilities)/assets		(63,605	)		(645	)		5,461		(485	)		(13,394	)		(872	)		(743	)		3,442			(70,841	)
Less: Financial (liabilities)/assets denominated in the respective entities’ functional currencies		(63,605	)		222			–		524			(6,260	)		591			(744	)		240			(69,032	)
Currency exposure of financial liabilities net of those denominated in the respective entities’ functional currencies		–			(867	)		5,461		(1,009	)		(7,134	)		(1,463	)		1			3,202			(1,809	)

Schedule of foreign currency risk sensitivity

	31/12/2017			31/12/2018
	Profit before tax			Profit before tax
	US$’000			US$’000
TWD against US$
- strengthened		(2	)		(87	)
- weakened		2			87
EUR against US$
- strengthened		(45	)		546
- weakened		45			(546	)
AUD against US$
- strengthened		25			(101	)
- weakened		(25	)		101
USD against US$
- strengthened		(372	)		(713	)
- weakened		372			713
HKD against US$
- strengthened		30			(146	)
- weakened		(30	)		146
KRW against US$
- strengthened		–			–
- weakened		–			–
Others against US$
- strengthened		26			320
- weakened		(26	)		(320	)

Summary of maturity profile of the Group's financial liabilities based on contractual undiscounted payments

	One year or less			One to five years			More than five years			Total
	US$’000			US$’000			US$’000			US$’000
31 December 2017
Financial assets
Trade and other receivables		4,625			–			–			4,625
Other financial assets		1,213			480			–			1,693
Cash and cash equivalents		7,312			–			–			7,312
		13,150			480			–			13,630
Financial liabilities*
Trade and other payables, excluding deferred government grants		11,292			225			–			11,517
Interest-bearing loans and borrowings		31,430			18,055			15,755			65,240
Contingent settlement provision		–			307			–			307
		42,722			18,587			15,755			77,064
Net financial liabilities		(29,572	)		(18,107	)		(15,755	)		(63,434	)
31 December 2018
Financial assets
Trade and other receivables		4,670			–			–			4,670
Other financial assets		629			472			–			1,101
Cash and cash equivalents		2,604			–			–			2,604
Marketable securities held in trust account		15,196			–			–			15,196
		23,099			472			–			23,571
Financial liabilities
Trade and other payables, excluding deferred government grants		19,579			282			–			19,861
Interest-bearing loans and borrowings		43,595			7,377			14,897			65,869
Loan from shareholders		15,188			–			–			15,188
		78,362			7,659			14,897			100,918
Net financial liabilities		(55,263	)		(7,187	)		(14,897	)		(77,347	)

* Excludes convertible preference shares because redemption is unlikely, attributable to the expected business combination.

	Loans and receivables		Financial liabilities at fair value through profit or loss		Other financial liabilities at amortized cost		Total
	US$’000		US$’000		US$’000		US$’000
31 December 2017
Financial assets Current
Trade and other receivables		4,625		–		–		4,625
Other current financial assets		1,213		–		–		1,213
Cash and cash equivalents		7,312		–		–		7,312
		13,150		–		–		13,150
Non-current
Non-current financial assets		480		–		–		480
Total financial assets		13,630		–		–		13,630
Financial liabilities
Current
Trade and other payables, excluding deferred government grants		–		–		11,292		11,292
Interest-bearing loans and borrowings		–		–		29,808		29,808
		–		–		41,100		41,100
Non-current
Interest-bearing loans and borrowings		–		–		28,735		28,735
Convertible preference shares		–		56,854		–		56,854
Trade and other payables, excluding deferred government grants		–		–		225		225
Contingent settlement provision		–		–		307		307
Total financial liabilities		–		56,854		70,367		127,221

	Amortized costs		Financial liabilities at fair value through profit or loss		Other financial liabilities at amortized cost		Total
	US$’000		US$’000		US$’000		US$’000
31 December 2018
Financial assets Current
Marketable securities held in trust account		15,196		–		–		15,196
Trade and other receivables		4,670		–		–		4,670
Other current financial assets		629		–		–		629
Cash and cash equivalents		2,604		–		–		2,604
		23,099		–		–		23,099
Non-current
Non-current financial assets		472		–		–		472
Total financial assets		23,571		–		–		23,571
Financial liabilities
Current
Trade and other payables, excluding deferred government grants		–		–		19,579		19,579
Interest-bearing loans and borrowings		–		–		42,147		42,147
		–		–		61,726		61,726
Non-current
Interest-bearing loans and borrowings		–		–		17,216		17,216
Loan from shareholders		–		–		15,188		15,188
Trade and other payables, excluding deferred government grants		–		–		282		282
Total financial liabilities		–		–		94,412		94,412