EXCHANGEABLE NOTES AND OTHER BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2020

Borrowings [abstract]

Schedule of Carrying Value of Exchangeable Senior Notes

The carrying value of exchangeable senior notes and other borrowings is as follows:

	December 31, 2020 US$’000		December 31, 2019 US$’000
Exchangeable senior notes		82,664		82,021
Other borrowings		31		-
Total value of embedded derivatives – liability		1,370		4
Total non-current liabilities		84,065		82,025

The movement in the Exchangeable senior notes is as follows:

	December 31, 2020 US$’000		December 31, 2019 US$’000
Balance at 1 January		82,021		81,382
Accretion interest (Note 8)		643		639
		82,664		82,021

Schedule of Exchangeable Notes

The embedded derivatives are summarised as follows:

	December 31, 2020 US$’000		December 31, 2019 US$’000
Non-current assets
Exchangeable note bond call option		150		-
Non-current liabilities
Exchangeable note equity conversion option		1,370		4
Exchangeable note bond put option		-		-
		1,370		4
Total value of embedded derivatives – net liability		1,220		4