DEFERRED TAX ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2020

Disclosure of deferred 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
		2020 US$’000	2019 US$’000		2020 US$’000		2019 US$’000			2020 US$’000		2019 US$’000
Property, plant and equipment		733	1,027		(9	)	(9	)		724		1,018
Intangible assets		—	—		(4,072	)	(6,099	)		(4,072	)	(6,099	)
Inventories		750	642		—		—			750		642
Provisions		2,159	3,622		—		—			2,159		3,622
Tax value of loss carry-forwards		433	216		—		—			433		216
Other items		110	745		(824	)	(1,031	)		(714	)	(286	)
Deferred tax assets/(liabilities)		4,185	6,252		(4,905	)	(7,139	)		(720	)	(887	)

Schedule of Unrecognised Deferred Tax Liabilities

	Balance January, 1 2020			Recognised in income			Balance December 31, 2020
	US$’000			US$’000			US$’000
Property, plant and equipment		1,018			(294	)		724
Intangible assets		(6,099	)		2,027			(4,072	)
Inventories		642			108			750
Provisions		3,622			(1,463	)		2,159
Tax value of loss carry-forwards		216			217			433
Other items		(286	)		(428	)		(714	)
		(887	)		167			(720	)

	Balance January, 1 2019			Recognised in income			Balance December 31, 2019
	US$’000			US$’000			US$’000
Property, plant and equipment		778			240			1,018
Intangible assets		(7,189	)		1,090			(6,099	)
Inventories		668			(26	)		642
Provisions		4,311			(689	)		3,622
Tax value of loss carry-forwards		-			216			216
Other items		(296	)		10			(286	)
		(1,728	)		841			(887	)

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, 2020		December 31, 2019
	US$’000		US$’000
Capital losses		8,293		8,293
Net operating losses		85,198		80,577
US alternative minimum tax credits		1,848		1,928
Other temporary timing differences		21,878		7,399
US state credit carryforwards		802		493
		118,019		98,690