FINANCE LEASE LIABILITIES

12 Months Ended

Dec. 31, 2018

Disclosure of finance lease liabilities [Abstract]

FINANCE LEASE LIABILITIES

25. FINANCE LEASE LIABILITIES

Certain manufacturing equipment are held under finance lease arrangements following sale and leaseback transactions during the year, with a carrying value of US$372,000 as of December 31, 2018 (2017: US$51,000). The repayment period of finance leases is between 2 and 5 years. Finance leases are secured by the related assets held under the finance lease, and the carrying values of finance lease liabilities at December 31, 2018 are as follows:

	December 31, 2018 US$’000		December 31, 2017 US$’000
Current liabilities
Finance lease liabilities		436		354
		436		354
Non-current liabilities		526		532
Finance lease liabilities		526		532

Finance lease liabilities

Finance lease liabilities are payable as follows:

	December 31, 2018 US$’000
	Minimum lease payments		Interest		Principal
Less than one year		473		37		436
In more than one year, but not more than two		271		19		252
In more than two years but not more than five		294		20		274
		1,038		76		962

	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

Terms and debt repayment schedule

The terms and conditions of outstanding interest bearing loans and borrowings at December 31, 2018 are as follows:

Facility	Currency	Nominal interestrate			Year of maturity		Fair Value		Carrying Value
Finance lease liabilities	Euro		4.53	%		2023		648		648
Finance lease liabilities	USD		5.51	%		2023		314		314
Total interest-bearing loans and borrowings								962		962

The terms and conditions of outstanding interest bearing loans and borrowings at December 31, 2017 were as follows:

Facility	Currency	Nominal interestrate			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