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Other Liabilities
12 Months Ended
Dec. 31, 2021
Disclosure of other liabilities [text block] [Abstract]  
OTHER LIABILITIES

16. OTHER LIABILITIES

 

2021

 

2020

   

USD ‘000

 

USD ‘000

Accounts payable

 

11,259

 

5,011

Accrued expenses and other accruals

 

12,773

 

10,970

Lease liabilities*

 

3,753

 

2,954

Income tax payable

 

1,254

 

1,556

   

29,039

 

20,491

*        Set out below are the carrying amount of the Group’s lease liabilities and the movement during the year:

 

2021

 

2020

   

USD ‘000

 

USD ‘000

Opening balance

 

2,954

 

 

1,563

 

Additions

 

1,269

 

 

2,012

 

Interest expense (note 22)

 

358

 

 

203

 

Payments

 

(783

)

 

(796

)

Foreign currency adjustment

 

(45

)

 

(28

)

Ending balance

 

3,753

 

 

2,954

 

Current

 

1,001

 

 

761

 

Non-current

 

2,752

 

 

2,193

 

The Group used discount rates ranging between 1.5% – 4.1% (2020: 1.5% – 4.1%) and the amount of the undiscounted lease liabilities was USD 4,142 thousand as at 31 December 2021 (2020: USD 3,169 thousand).