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Acquisition of a Subsidiary (Tables)
12 Months Ended
Dec. 31, 2021
Acquisition Of A Subsidiarytext Block [Abstract]  
Schedule of goodwill
 

Book value

 

Fair value recognized on acquisition

   

USD ‘000

 

USD ‘000

Assets

   

 

   

 

Insurance receivables and other assets

 

184

 

 

143

 

Bank Balances

 

6,054

 

 

6,054

 

   

6,238

 

 

6,197

 

Liabilities

   

 

   

 

Insurance payables and other liabilities

 

(38

)

 

(38

)

   

(38

)

 

(38

)

Total identifiable net assets at fair value

 

6,200

 

 

6,159

 

Goodwill arising on acquisition

   

 

 

41

 

Purchase consideration transferred

   

 

 

6,200

 

Schedule of goodwill
 

2021

   

USD ‘000

Balance at the beginning of the year

 

 

Goodwill arising from acquisition of a subsidiary

 

41

 

Impairment loss (note 22)

 

(41

)

Balance at the end of the year

 

 

Schedule of cash flows on acquisition
 

USD ‘000

Net cash acquired with the subsidiary

 

6,054

 

Cash paid

 

(6,200

)

Net cash flow on acquisition

 

(146

)