DEFERRED TAX ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of deferredc tax assets and liabilities [Abstract]

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities of the Group are attributable to the following:

	Assets				Liabilities						Net
	2017US$’000		2016US$’000		2017US$’000			2016US$’000			2017US$’000			2016US$’000
Property, plant and equipment		448		—		(98	)		(574	)		350			(574	)
Intangible assets		—		—		(9,443	)		(16,430	)		(9,443	)		(16,430	)
Inventories		1,006		897		—			—			1,006			897
Provisions		3,510		5,701		—			—			3,510			5,701
Other items		2,109		2,035		(1,291	)		(1,357	)		818			678
Tax value of loss carryforwards recognised		1,625		5,923		—			—			1,625			5,923
Deferred tax assets/(liabilities)		8,698		14,556		(10,832	)		(18,361	)		(2,134	)		(3,805	)

Schedule of Deferred Tax Assets Not Recognised

Deferred tax assets have not been recognised by the Group in respect of the following items:

	December 31,2017		December 31,2016
	US$’000		US$’000
Capital losses		8,293		8,293
Net operating losses		61,264		23,630
US state credit carryforwards		345		277
		69,902		32,200

Schedule of Unrecognised Deferred Tax Assets

The movement in the unrecognised deferred tax assets during the year ended December 31, 2017 is analysed as follows:

Movement in unrecognised deferred tax assets	Increase /(decrease) US$’000			Applicable tax rate %			Taxeffect US$’000
US state credit carryforwards		68			n/a			68
Net operating losses Brazil		(2,100	)		34	%		(714	)
Net operating losses Ireland		39,734			12.5% -25	%		5,452
Total – continuing operations		37,702						4,806

Schedule of Unrecognised Deferred Tax Liabilities

	Balance January, 12017			Recognisedin income			Recognisedin loss ondiscontinuedoperations		ForeignExchangemovement		Balance December 31,2017
	US$’000			US$’000			US$’000		US$’000		US$’000
Property, plant and equipment		(574	)		924			—		—		350
Intangible assets		(16,430	)		6,987			—		—		(9,443	)
Inventories		897			109			—		—		1,006
Provisions		5,701			(2,191	)		—		—		3,510
Other items		678			140			—		—		818
Tax value of loss carryforwards recognised		5,923			(4,298	)		—		—		1,625
		(3,805	)		1,671			—		—		(2,134	)

	Balance January, 12016			Recognisedin income			Recognisedin loss ondiscontinuedoperations			ForeignExchangemovement		Balance December 31,2016
	US$’000			US$’000			US$’000			US$’000		US$’000
Property, plant and equipment		(830	)		256			—			—		(574	)
Intangible assets		(22,319	)		(214	)		6,036			67		(16,430	)
Inventories		1,015			(118	)		—			—		897
Provisions		2,960			2,741			—			—		5,701
Other items		471			207			—			—		678
Tax value of loss carryforwards recognised		6,676			396			(1,149	)		—		5,923
		(12,027	)		3,268			4,887			67		(3,805	)