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CAPITAL AND FINANCIAL RISK MANAGEMENT (Tables)
 12 Months Ended
Dec. 31, 2021
Disclosure of detailed information about financial instruments [abstract]  
Schedule of Fair Values of Financial Assets/Liabilities
 
        
Level 1
    
Level 2
    
Total
carrying
amount
    
Fair
Value
  
 
  
Note
    
US$’000
    
US$’000
    
US$’000
    
US$’000
  
December 31, 2021
                              
Loans and receivables at amortised cost
                              
Trade receivables
    
18
       13,290       -       13,290       13,290  
Cash and cash equivalents
    
19
       25,910       -       25,910       25,910  
Finance lease receivable
    
16, 18
       293       -       293       293  
 
                                        
 
             39,493       -       39,493       39,493  
 
                                        
Liabilities at amortised cost
                                        
Exchangeable note¹
    
24
       -       (83,312
)
     (83,312
)
     (83,312
)
Lease liabilities
    
25
       (15,845
)
     -       (15,845
)
     (15,845
)
Trade and other payables (excluding deferred income)
    
22
       (14,986
)
     -       (14,986
)
     (14,986
)
Provisions
    
23
       (50
)
     -       (50
)
     (50
)
 
                                        
 
             (30,881
)
     (83,312
)
     (114,193
)
     (114,193
)
 
                                        
Fair value through profit and loss (FVPL)
                                        
Exchangeable note bond call option
    
24
       -       -       -       -  
Exchangeable note equity conversion option
    
24
       -       -       -       -  
 
                                        
 
             -       -       -       -  
 
                                        
 
             8,612       (83,312
)
     (74,700
)
     (74,700
)
 
 
        
Level 1
    
Level 2
    
Total
carrying
amount
    
Fair
Value
  
 
  
Note
    
US$’000
    
US$’000
    
US$’000
    
US$’000
  
December 31, 2020
                              
Loans and receivables at amortised cost
                              
Trade receivables
  
18
       20,025       -       20,025       20,025  
Cash and cash equivalents
  
19
       27,327       -       27,327       27,327  
Finance lease receivable
  
16, 18
       506       -       506       506  
 
                                      
 
           47,858       -       47,858       47,858  
 
                                      
Liabilities at amortised cost
                                      
Exchangeable note
  
24
       -       (82,664
)
     (82,664
)
     (82,664
)
Lease liabilities
  
25
       (18,741
)
     -       (18,741
)
     (18,741
)
Trade and other payables (excluding deferred income)
  
22
       (19,890
)
     -       (19,890
)
     (19,890
)
Provisions
  
23
       (416
)
     -       (416
)
     (416
)
 
                                      
 
           (39,047
)
     (82,664
)
     (121,711
)
     (121,711
)
 
                                      
Fair value through profit and loss (FVPL)
                                      
Exchangeable note bond call option
  
24
       -       150       150       150  
Exchangeable note equity conversion option
  
24
       -       (1,370
)
     (1,370
)
     (1,370
)
 
                                      
 
          
-
      
(1,220
)
    
(1,220
)
    
(1,220
)
 
                                      
 
           8,811       (83,884
)
     (75,073
)
     (75,073
)
Schedule of Interest Rate Risk Effective and Repricing Analysis
 
As at December 31, 2021
  
Note
    
Effective
interest
rate
    
Total
US$’000
    
6 mths or less
US$’000
    
6 –12 mths
US$’000
    
1-2 years
US$’000
    
2-5 years
US$’000
    
> 5 years
US$’000
  
Cash and cash equivalents
  
19
       0.01
%
     25,910       25,910       -       -       -       -  
Lease receivable
  
16,18
       4.0
%
     293       81       61       89       62       -  
Exchangeable note¹
  
24
       4.8
%
     (83,312
)
     -       -       -       -       (83,312
)
Other borrowings
  
22
       0
%
     (31
)
     -       (31
)
     -       -       -  
   Lease payable on Right of Use assets
  
25
       5.0
%
     (15,668
)
     (973
)
     (905
)
     (1,554
)
     (4,516
)
     (7,720 )
    Lease payable on sale & leaseback transactions
  
25
       5.0
%
     (177
)
     (51
)
     (51
)
     (75
)
     -       -  
                                                               
Total
                   (72,985
)
     24,967       (926
)
     (1,540
)
     (4,454
)
     (91,032
)

 

¹ The maturity of the Exchangeable Notes is based on the contractual maturity date of April 1, 2045 and does not take into account the potential exercise of put and call options in the next five years or the exchange agreements entered into with five exchangeable note holders in December 2021.

 
As at December 31, 2020
  
Note
    
Effective
interest
rate
    
Total
US$’000
    
6 mths or less
US$’000
    
6 –12 mths
US$’000
    
1-2 years
US$’000
    
2-5 years
US$’000
    
> 5 years
US$’000
  
Cash and cash equivalents
  
19
       0.1
%
     27,327       27,327       -       -       -       -  
Lease receivable
  
16,18
       4.0
%
     506       120       95       142       149       -  
Licence payments
  
23
       8.1
%
     (194
)
     (194
)
     -       -       -       -  
Exchangeable note
  
24
       4.8
%
     (82,664
)
     -       -       -       -       (82,664
)
Other borrowings
  
22
       0
%
     (31
)
     -       -       (31
)
     -       -  
   Lease payable on Right of Use assets
  
25
       5.0
%
     (18,461
)
     (1,022
)
     (1,032
)
     (1,914
)
     (4,856
)
     (9,637
)
    Lease payable on sale & leaseback transactions
  
25
       5.0
%
     (280
)
     (49
)
     (50
)
     (104
)
     (77
)
     -  
                                                               
Total
                   (73,797
)
     26,182       (987
)
     (1,907
)
     (4,784
)
     (92,301
)

 

¹ The maturity of the Exchangeable Notes is based on the contractual maturity date of April 1, 2045 and does not take into account the potential exercise of put and call options in the next five years or the exchange agreements entered into with five exchangeable note holders in December 2021.
Schedule of Interest Rate Profile of Financial Assets/Liabilities
 
  
December 31, 2021
US$‘000
    
December 31, 2020
US$‘000
  
Fixed rate instruments
            
Fixed rate financial liabilities (licence fees)
     -       (194
)
Fixed rate financial liabilities (exchangeable note)
     (83,312
)
     (82,664
)
Fixed rate financial liabilities (borrowings)
     (31
)
     (31
)
Fixed rate financial liabilities (lease payables)
     (15,844
)
     (18,741
)
Financial assets (short-term deposits and short-term investments)
     3,121       3,118  
Financial assets (lease receivables)
     293       506  
 
                
 
    
(95,773
)
    
(98,006
)
Schedule of Liquidity Risk Estimated Interest Payments of Maturities
As at December 31, 2021
US$’000
  
Carrying
amount
US$’000
    
Contractual
cash flows
US$’000
    
6 mths or
less
US$’000
    
6 mths –
12 mths
US$’000
    
1-2 years
US$’000
    
2-5 years
US$’000
    
>5 years
US$’000
  
Financial liabilities
                                          
Trade & other payables
     15,127       15,127       15,127       -       -       -       -  
Lease payable on Right of Use assets
     15,668       15,668       973       905       1,554       4,516       7,720  
Lease payable on sale & leaseback transactions
     177       177       51       51       75       -       -  
Other borrowings
     31       31       -       31       -       -       -  
Exchangeable notes ¹
     83,312       99,900       -       -       -       -       99,900  
Exchangeable note interest
     999       93,906       1,998       1,998       3,996       11,988       73,926  
 
                                                        
 
    
115,314
      
224,809
      
18,149
      
2,985
      
5,625
      
16,504
      
181,546
  
 
¹ The maturity of the Exchangeable Notes is based on the contractual maturity date of April 1, 2045 and does not take into account the potential exercise of put and call options in the next five years or the exchange agreements entered into with five exchangeable note holders in December 2021.
 
As at December 31, 2020
US$’000
  
Carrying
amount
US$’000
    
Contractual
cash flows
US$’000
    
6 mths or
less
US$’000
    
6 mths –
12 mths
US$’000
    
1-2 years
US$’000
    
2-5 years
US$’000
    
>5 years
US$’000
  
Financial liabilities
                                          
Trade & other payables
     24,335       24,335       24,335       -       -       -       -  
Lease payable on Right of Use assets
     18,461       18,461       1,022       1,032       1,914       4,856       9,637  
Lease payable on sale & leaseback transactions
     280       280       49       50       104       77       -  
Other borrowings
     31       31       -       -       31       -       -  
Exchangeable notes ¹
     82,664       99,900       -       -       -       -       99,900  
Exchangeable note interest
     999       97,902       1,998       1,998       3,996       11,988       77,922  
 
                                                        
 
     126,770       240,909       27,404       3,080       6,045       16,921       187,459  
Schedule of Foreign Currency Risk Short Term Financial Assets and Liabilities
 
   
EUR
    
GBP
    
SEK
    
CAD
    
BRL
    
Other
  
As at December 31, 2021
  
US$‘000
    
US$‘000
    
US$‘000
    
US$‘000
    
US$‘000
    
US$‘000
  
Cash
     327       115       5       4,617       1,370       -  
Trade and other receivable
     464       58       -       488       1,538       -  
Trade and other payables
     (2,456
)
     (28
)
     (11
)
     (166
)
     (629
)
     -  
 
                                                
Total exposure
     (1,665
)
     145       (6
)
     4,939       2,279       -  
 
   
EUR
    
GBP
    
SEK
    
CAD
    
BRL
    
Other
  
As at December 31, 2020
  
US$‘000
    
US$‘000
    
US$‘000
    
US$‘000
    
US$‘000
    
US$‘000
  
Cash
     1,229       152       9       2,859       776       -  
Trade and other receivable
     1,105       63       -       3,191       1,357       -  
Trade and other payables
     (2,821
)
     (57
)
     (1
)
     (449
)
     (529
)
     -  
 
                                                
Total exposure
     (487
)
     158       8       5,601       1,604       -  
Schedule of Sensitivity Analysis
A 10% strengthening of the US Dollar against the Euro at December 31, 2021 would have increased profit and other equity by the amounts shown below. This analysis assumes that all other variables, in particular interest rates, remain constant.
 
 
  
Profit or loss
US$’000
  
December 31, 2021
      
Euro
    
780
  
         
December 31, 2020
        
Euro
    
541
  
 
A 10% weakening of the US Dollar against the Euro at December 31, 2021 would have decreased profit and other equity by the amounts shown below. This analysis assumes that all other variables, in particular interest rates, remain constant.
 
   
Profit or Loss
US$000
  
December 31, 2021
      
Euro
    
(953
)
         
December 31, 2020
        
Euro
    
(661
)
Schedule of Maximum Credit Exposure of Financial Assets
 
 
  
Carrying Value
December 31, 2021
US$’000
    
Carrying Value
December 31, 2020
US$’000
  
Third party trade receivables (Note 18)
     13,290       20,025  
Finance lease income receivable (Note 18)
     293       506  
Cash and cash equivalents (Note 19)
     25,910       27,327  
 
                
 
    
39,493
      
47,858
  
Schedule of Exposure of Trade Receivables by Geographic Location
 
 
  
Carrying Value
December 31, 2021
US$’000
    
Carrying Value
December 31, 2020
US$’000
  
United States
     5,822       10,730  
Euro-zone countries
     1,072       1,360  
United Kingdom
     118       98  
Other European countries
     -       13  
Other regions
     6,571       8,330  
 
                
 
    
13,583
      
20,531
  
Schedule of Exposure of Trade Receivables by Customer
 
  
Carrying Value
December 31, 2021
US$’000
    
Carrying Value
December 31, 2020
US$’000
  
End-user customers
     6,923       11,812  
Distributors
     6,220       8,186  
Non-governmental organisations
     440       533  
 
                
 
    
13,583
      
20,531
  
Schedule of Ageing of Trade Receivables
 
  
Gross
    
Impairment
    
Expected Credit Loss Rate
    
Gross
    
Impairment
    
Expected Credit Loss Rate
  
 
  
2021
    
2021
    
2021
    
2020
    
2020
    
2020
  
 
  
US$’000
    
US$’000
    
%
    
US$’000
    
US$’000
    
%
  
Not past due
     8,461       -       -
%
     16,754       112       0.7
%
Past due 0-30 days
     2,423       1       0.1
%
     1,829       222       12.1
%
Past due 31-120 days
     1,981       97       4.9
%
     1,755       60       3.4
%
Greater than 120 days
     3,011       2,888       73.0
%
     3,609       3,528       97.8
%
 
                                                
 
     15,876       2,986       -       23,947       3,922       -  
Schedule of Movement in Allowance for Impairment of Trade Receivables
 
  
2021
    
2020
    
2019
  
 
  
US$’000
    
US$’000
    
US$’000
  
Balance at January 1
     3,922       5,443       4,202  
Charged to costs and expenses
     76       166       1,276  
Amounts written off during the year
     (1,012
)
     (1,687
)
     (35
)
 
                        
Balance at December 31
     2,986       3,922       5,443