DEFERRED TAX ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2018

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
		2018US$’000	2017US$’000		2018US$’000		2017US$’000			2018US$’000		2017US$’000
Property, plant and equipment		815	448		(37	)	(98	)		778		350
Intangible assets		—	—		(7,189	)	(9,443	)		(7,189	)	(9,443	)
Inventories		668	1,006		—		—			668		1,006
Provisions		4,311	3,510		—		—			4,311		3,510
Other items		333	2,109		(629	)	(1,291	)		(296	)	818
Tax value of loss carryforwards recognised		—	1,625		—		—			—		1,625
Deferred tax assets/(liabilities)		6,127	8,698		(7,855	)	(10,832	)		(1,728	)	(2,134	)

Schedule of Deferred Tax Assets Not Recognised

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

	December 31,2018		December 31,2017
	US$’000		US$’000
Capital losses		8,293		8,293
Net operating losses		67,012		61,264
US alternative minimum tax credits		1,674		-
Other temporary timing differences		3,880		-
US state credit carryforwards		364		345
		81,223		69,902

Schedule of Unrecognised Deferred Tax Assets

The movement in the unrecognised deferred tax assets during the year ended December 31, 2018 is analysed as follows:

Movement in unrecognised deferred tax assets	Increase /(decrease) US$’000			Applicable tax rate %			Taxeffect US$’000
Net operating losses in US		2,382			21	%		500
Alternative minimum tax credit in US		1,674			n/a			1,674
Net operating losses in Brazil		(59	)		34	%		(20	)
Net operating losses in Ireland		3,425			12.5% -25	%		997
Other deferred tax assets in Ireland		3,880			12.5	%		485
US state credit carryforwards		19			n/a			19
Total – continuing operations		11,321						3,655

Schedule of Unrecognised Deferred Tax Liabilities

Movement in temporary differences during the year

	Balance January, 12018			Recognisedin income			Recognisedin loss ondiscontinuedoperations		ForeignExchangemovement		Balance December 31,2018
	US$’000			US$’000			US$’000		US$’000		US$’000
Property, plant and equipment		350			428			—		—		778
Intangible assets		(9,443	)		2,254			—		—		(7,189	)
Inventories		1,006			(338	)		—		—		668
Provisions		3,510			801			—		—		4,311
Other items		818			(1,114	)		—		—		(296	)
Tax value of loss carryforwards recognised		1,625			(1,625	)		—		—		—
		(2,134	)		406			—		—		(1,728	)

	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	)