LEASE LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2022

Disclosure of finance lease liabilities [Abstract]

Schedule of Carrying Values of Finance Lease Liabilities

	December 31, 2022 US$’000		December 31, 2021 US$’000
Current liabilities
Lease liabilities related to Right of Use assets		1,631		1,878
Sale and leaseback liabilities		45		102
		1,676		1,980
Non-Current liabilities
Lease liabilities related to Right of Use assets		12,267		13,790
Sale and leaseback liabilities		-		75
		12,267		13,865

Schedule of Finance Lease Liabilities Payable

	December 31, 2022 US$’000						December 31, 2022 US$’000
	Lease liabilities related to Right of Use assets						Sale and leaseback Liabilities
	Minimum lease payments		Interest		Principal		Minimum lease payments		Interest	Principal
Less than one year		2,249		618		1,631		46	1	45
In more than one year, but not more than two		2,240		561		1,679		-	-	-
In more than two years but not more than five		5,739		1,217		4,522		-	-	-
more than five years		6,968		902		6,066		-	-	-
		17,196		3,298		13,898		46	1	45

	December 31, 2021 US$’000						December 31, 2021 US$’000
	Lease liabilities related to Right of Use assets						Sale and leaseback Liabilities
	Minimum lease payments		Interest		Principal		Minimum lease payments		Interest		Principal
Less than one year		2,575		697		1,878		109		7		102
In more than one year, but not more than two		2,175		621		1,554		77		2		75
In more than two years but not more than five		5,985		1,469		4,516		-		-		-
more than five years		8,992		1,272		7,720		-		-		-
		19,727		4,059		15,668		186		9		177

Schedule of Outstanding Interest Bearing Loans and Borrowings

Facility	Currency	Nominal interest rate			Year of maturity		Fair Value		Carrying Value
Sale and leaseback liabilities	USD		5.51	%		2023		45		45

The terms and conditions of outstanding interest bearing loans and borrowings at December 31, 2021 are as follows:

Facility	Currency	Nominal interest rate			Year of maturity		Fair Value		Carrying Value
Sale and leaseback liabilities	Euro		4.53	%		2023		65		65
Sale and leaseback liabilities	USD		5.51	%		2023		111		111
Total								176		176