SHARE OPTIONS AND SHARE WARRANTS (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of share options and share warrants [Abstract]

Schedule of Grants of Share Options and Warrants

The number and weighted average exercise price of share options and warrants per ordinary share is as follows (as required by IFRS 2, this information relates to all grants of share options and warrants by the Group):

	Options andwarrants			Weighted-average exerciseprice US$		Range US$
	‘A’ OrdinaryShares			Per ‘A’ Ordinary Share		Per ‘A’ OrdinaryShare
Outstanding January 1, 2015		9,291,652			3.20		0.66 –4.79
Granted		976,000			3.20		2.71 –4.47
Exercised		(1,602,000	)		1.95		1.07 –4.21
Forfeited		(507,200	)		3.96		2.50 –4.79
Outstanding at end of year		8,158,452			3.36		0.66 –4.47
Exercisable at end of year		4,679,323			3.03		0.66 –4.23
Outstanding January 1, 2016		8,158,452			3.36		0.66 –4.47
Granted		2,160,000			2.39		1.67 –2.80
Exercised		(322,272	)		2.09		0.66 –2.65
Forfeited		(165,997	)		3.39		2.52 –3.61
Outstanding at end of year		9,830,183			3.19		0.66 –4.47
Exercisable at end of year		5,838,851			3.31		0.75 –4.23
Outstanding January 1, 2017		9,830,183			3.19		0.66 –4.47
Granted		5,630,000			1.31		1.24 –1.44
Exercised		-			-		-
Forfeited		(4,732,807	)		3.86		0.75 –4.47
Outstanding at end of year		10,727,376			1.92		1.24 –4.36
Exercisable at end of year		3,268,707			2.57		1.66 –4.36

	Options andwarrants			Weighted-average exerciseprice US$		Range US$
	‘ADS’ Equivalent			Per ‘ADS’		Per ‘ADS’
Outstanding January 1, 2015		2,322,913			12.80		2.63 –19.15
Granted		244,000			12.80		10.84 –17.88
Exercised		(400,500	)		7.80		4.28 –16.84
Forfeited		(126,800	)		15.84		10.00 –19.16
Outstanding at end of year		2,039,613			13.44		2.63 –17.88
Exercisable at end of year		1,169,831			12.12		2.63 –16.92
Outstanding January 1, 2016		2,039,613			13.44		2.63 –17.88
Granted		540,000			9.57		6.69 –11.20
Exercised		(80,568	)		8.35		2.64 –10.61
Forfeited		(41,499	)		13.58		10.08 –14.44
Outstanding at end of year		2,457,546			13.43		2.64 –17.88
Exercisable at end of year		1,459,713			13.24		3.00 –16.92
Outstanding January 1, 2017		2,457,546			12.74		2.64 - 17.88
Granted		1,407,500			5.25		4.95 – 5.75
Exercised		-			-		-
Forfeited		(1,183,202	)		10.26		3.00 –17.88
Outstanding at end of year		2,681,844			7.69		4.96–17.44
Exercisable at end of year		817,179			10.29		6.64 –17.45

Summary of Range of Prices of Stock Options

A summary of the range of prices for the Company’s stock options for the year ended December 31, 2017 follows:

	Outstanding						Exercisable
Exercise price range	No. ofoptions‘A’ ordinaryshares		Weighted–averageexerciseprice		Weighted-averagecontractualliferemaining(years)		No. ofoptions‘A’ ordinaryshares		Weighted–averageexerciseprice		Weighted-averagecontractualliferemaining(years)
US$1.00-US$2.05		6,075,644		1.38		6.52		215,652		1.69		2.57
US$2.06- US$2.99		4,333,732		2.52		3.20		2,861,061		2.53		2.20
US$3.00 -US$4.47		318,000		4.21		3.95		192,002		4.21		3.92
		10,727,376						3,268,715

	Outstanding						Exercisable
Exercise price range	No. ofoptions‘ADSequivalent’		Weighted–averageexerciseprice		Weighted-averagecontractualliferemaining(years)		No. ofoptions‘ADSequivalent’		Weighted–averageexerciseprice		Weighted-averagecontractualliferemaining(years)
US$4.00-US$8.20		1,518,911		5.52		6.52		53,913		6.76		2.57
US$8.24- US$11.96		1,083,433		10.08		3.20		715,265		10.12		2.20
US$12.00 -US$17.88		79,500		16.84		3.95		48,001		16.84		3.92
		2,681,844						817,179

The weighted-average remaining contractual life of options outstanding at December 31, 2017 was 5.10 years (2016: 4.16 years).

A summary of the range of prices for the Company’s stock options for the year ended December 31, 2016 follows:

	Outstanding						Exercisable
Exercise price range	No. ofoptions‘A’ ordinaryshares		Weighted–averageexerciseprice		Weighted-averagecontractualliferemaining(years)		No. ofoptions‘A’ ordinaryshares		Weighted–averageexerciseprice		Weighted-averagecontractualliferemaining(years)
US$0.66-US$0.99		14,000		0.80		1.70		14,000		0.80		1.70
US$1.00-US$2.05		801,652		1.63		2.71		571,652		1.59		1.01
US$2.06- US$2.99		4,776,531		2.54		4.29		2,230,534		2.54		2.20
US$3.00 -US$4.47		4,238,000		4.22		4.21		3,022,665		4.21		3.89
		9,830,183						5,838,851

	Outstanding						Exercisable
Exercise price range	No. ofoptions‘ADSequivalent’		Weighted–averageexerciseprice		Weighted-averagecontractualliferemaining(years)		No. ofoptions‘ADSequivalent’		Weighted–averageexerciseprice		Weighted-averagecontractualliferemaining(years)
US$2.63-US$3.96		3,500		3.20		1.70		3,500		3.20		1.70
US$4.00-US$8.20		200,413		6.52		2.71		142,913		6.36		1.01
US$8.24- US$11.96		1,194,133		10.16		4.29		557,634		10.16		2.20
US$12.00 -US$17.88		1,059,500		16.88		4.21		755,666		16.84		3.89
		2,457,546						1,459,713

Schedule of Fair Value of the Options Vesting Period

The fair value of the options is expensed over the vesting period of the option. US$928,000 was charged to the statement of operations in 2017, (2016: US$1,381,446), (2015: US$1,550,000) split as follows:

	December 31, 2017 US$‘000		December 31, 2016 US$‘000		December 31, 2015 US$‘000
Share-based payments – cost of sales		35		32		9
Share-based payments – selling, general and administrative		893		1,349		1,541
Total – continuing operations		928		1,381		1,550
Share-based payments – discontinued operations		-		33		—
Total		928		1,414		1,550

Schedule of Assumption Determining Fair Value of Share Options

The estimate of the fair value of services received is measured based on a trinomial model. The following are the input assumptions used in determining the fair value of share options granted in 2017, 2016 and 2015:

	Keymanagementpersonnel	Otheremployees	Keymanagementpersonnel	Otheremployees	Keymanagementpersonnel	Otheremployees
	2017	2017	2016	2016	2015	2015
Weighted average fair value at measurement date per ‘A’ share / (per ADS)	US$0.43 / (US$1.72)	US$0.44 / (US$1.76)	US$0.58 / (US$2.32)	US$0.57 / (US$2.28)	Nil	US$0.68 / (US$2.72)
Total ‘A’ share options granted / (ADS’s equivalent)	5,150,000 /(1,287,500)	480,000 / (120,000)	1,700,000 /(425,000)	460,000 / (115,000)	Nil	976,000 / (244,000)
Weighted average share price per ‘A’ share / (per ADS)	US$1.34 /(US$5.36)	US$1.31 /(US$5.24)	US$2.43 /(US$9.72)	US$2.25 /(US$9.00)	Nil	US$3.20 /(US$12.80)
Weighted average exercise price per ‘A’ share / (per ADS)	US$1.34 /(US$5.36)	US$1.31 /(US$5.24)	US$2.43 /(US$9.72)	US$2.25 /(US$9.00)	Nil	US$3.20 /(US$12.80)
Weighted average expected volatility	40.62%	40.48%	29.63%	36.73%	Nil	29.27%
Weighted average expected life	4.45	4.69	4.81	3.74	Nil	3.73
Weighted average risk free interest rate	1.59%	1.91%	1.21%	1.29%	Nil	1.46%
Expected dividend yield	0.81%	0.81%	1.14%	0.96%	Nil	1.14%