Investments in Associates (Tables)

12 Months Ended

Dec. 31, 2021

Descrption Of Accounting Policy For Investments In Associates [Abstract]

Schedule of investments in associated companies equity method

	Country of incorporation	Ownership
		2021		2020
Star Rock SAL Lebanon	Lebanon	32.7	%	32.7	%
Sina SAL Lebanon	Lebanon	32.7	%	32.7	%
Silver Rock SAL Lebanon	Lebanon	32.7	%	32.7	%
Golden Rock SAL Lebanon	Lebanon	32.7	%	32.7	%

Schedule of movement on investments in associates

	2021		2020
	USD ‘000		USD ‘000
Opening balance	11,583		13,062
Opening balance adjustments for hyperinflation and effect of movements in exchange rates recognised in other comprehensive income	1,358		—
Adjusted opening balance	12,941		13,062
Share of associated companies’ financial results	(227	)	(79	)
Investment properties fair value adjustment	(7,021	)	(1,902	)
Reversal of provision for contingent liabilities	—		502
Share of loss from associates	(7,248	)	(1,479	)
Ending balance	5,693		11,583

Schedule of summarized information of the Group's investments in associates for each year presented

	2021
	Star Rock SAL Lebanon		Sina SAL Lebanon		Silver Rock SAL Lebanon		Golden Rock SAL Lebanon		Total
	USD ‘000		USD ‘000		USD ‘000		USD ‘000		USD ‘000
Current assets	7		11		3		344		365
Non-current assets	1,870		1,287		2,091		13,538		18,786
Current liabilities	(120	)	(148	)	(29	)	(182	)	(479	)
Non-current liabilities	(152	)	(152	)	(151	)	(805	)	(1,260	)
Net assets	1,605		998		1,914		12,895		17,412
The Group’s share of net assets	525		326		626		4,216		5,693

	2020
	Star Rock SAL Lebanon		Sina SAL Lebanon		Silver Rock SAL Lebanon		Golden Rock SAL Lebanon		Total
	USD ‘000		USD ‘000		USD ‘000		USD ‘000		USD ‘000
Current assets	102		40		85		935		1,162
Non-current assets	4,328		3,290		4,694		28,932		41,244
Current liabilities	(1,816	)	(2,209	)	(403	)	(2,555	)	(6,983	)
Net assets	2,614		1,121		4,376		27,312		35,423
The Group’s share of net assets	855		367		1,431		8,930		11,583

Schedule of group's share of (loss) profit from associate

	2021
	Star Rock SAL Lebanon		Sina SAL Lebanon		Silver Rock SAL Lebanon		Golden Rock SAL Lebanon		Total
	USD ‘000		USD ‘000		USD ‘000		USD ‘000		USD ‘000
Associates’ revenues and results:
Revenues	11		—		2		422		435
Net loss	(2,456	)	(2,007	)	(2,608	)	(15,095	)	(22,166	)
The Group’s share of loss	(803	)	(656	)	(853	)	(4,936	)	(7,248	)

	2020
	USD ‘000		USD ‘000		USD ‘000		USD ‘000		USD ‘000
Associates’ revenues and results:
Revenues	47		4		41		750		842
Net loss	(492	)	(340	)	(620	)	(3,071	)	(4,523	)
The Group’s share of loss	(161	)	(111	)	(203	)	(1,004	)	(1,479	)

	2019
	USD ‘000		USD ‘000		USD ‘000		USD ‘000		USD ‘000
Associates’ revenues and results:
Revenues	72		61		112		1,038		1,283
Net loss	(207	)	(115	)	(98	)	(730	)	(1,150	)
The Group’s share of loss	(67	)	(38	)	(32	)	(239	)	(376	)

Schedule of the valuation of the investment properties owned by the associates

	%	Impact on consolidated statement of income for the increase in price per square meter	Impact on consolidated statement of income for the decrease in price per square meter
		USD ‘000	USD ‘000
2021	+/ – 20	1,511	(1,511	)
2020	+/ – 20	1,773	(1,773	)
2019	+/ – 20	7,269	(7,269	)