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FINANCE LEASE LIABILITIES (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure of finance lease liabilities [Abstract]  
Schedule of Carrying Values of Finance Lease Liabilities
Finance leases are secured by the related assets held under the finance lease, and the carrying values of finance lease liabilities at December 31, 2017 are as follows:
 
 
 
December 31, 2017
US$’000
   
December 31, 2016
US$’000
 
Current liabilities
           
Finance lease liabilities
   
354
     
273
 
 
               
 
   
354
     
273
 
 
               
Non-current liabilities
   
532
     
732
 
 
               
Finance lease liabilities
   
532
     
732
 
Schedule of Finance Lease Liabilities Payable
Finance lease liabilities are payable as follows:
 
 
 
December 31, 2017
US$’000
 
 
 
Minimum
lease
payments
   
Interest
   
Principal
 
Less than one year
   
387
     
33
     
354
 
In more than one year, but not more than two
   
381
     
17
     
364
 
In more than two years but not more than five
   
170
     
2
     
168
 
 
                       
 
   
938
     
52
     
886
 
 
 
 
December 31, 2016
US$’000
 
 
 
Minimum
lease
payments
   
Interest
   
Principal
 
Less than one year
   
313
     
40
     
273
 
In more than one year, but not more than two
   
313
     
27
     
286
 
In more than two years but not more than five
   
462
     
16
     
446
 
 
                       
 
   
1,088
     
83
     
1,005
 
Schedule of Outstanding Interest Bearing Loans and Borrowings
The terms and conditions of outstanding interest bearing loans and borrowings at December 31, 2017 are as follows:
 
Facility
 
Currency
 
Nominal
interest
rate
   
Year of
maturity
   
Fair
Value
   
Carrying
Value
 
Finance lease liabilities
 
Euro
   
4.54
%
   
2020
     
835
     
835
 
Finance lease liabilities
 
USD
   
5.51
%
   
2019
     
51
     
51
 
 
 
 
                               
Total interest-bearing loans and borrowings
 
 
                   
886
     
886
 
 
The terms and conditions of outstanding interest bearing loans and borrowings at December 31, 2016 were as follows:
 
Facility
 
Currency
 
Nominal
interest
rate
   
Year of
maturity
   
Fair
Value
   
Carrying
Value
 
Finance lease liabilities
 
Euro
   
4.54
%
   
2020
     
1,005
     
1,005
 
 
 
 
                               
Total interest-bearing loans and borrowings
 
 
                   
1,005
     
1,005