OTHER OPERATING INCOME

12 Months Ended

Dec. 31, 2023

Disclosure of other operating income [Abstract]

OTHER OPERATING INCOME

4. OTHER OPERATING INCOME

	December 31, 2023 US$‘000		December 31, 2022 US$‘000		December 31, 2021 US$‘000
Other income		138		-		-
Rental income from premises		3		3		4
Government supports - COVID-19		-		7		4,424
Government grants		-		333		-
		141		343		4,428

The other income for year ended December 31, 2023 relates to income from a transition services agreement with the acquirers of Fitzgerald Industries for the provision of bookkeeping and I.T. services.

In 2020, the Company received an interest-free loan received under the Canada Emergency Business Account (“CEBA”). The CEBA loans were provided by the Canadian Government to mitigate the financial impact of the Covid-19 outbreak. This interest-free loan was repaid in the year ended December 31, 2022 and an amount of CAD$10,000 (US$7,000) was forgiven. In 2021 government supports - COVID-19 comprised funding received under the U.S. government’s Cares Act, specifically its Paycheck Protection Program. Five Paycheck Protection Program (“PPP”) loans received by the Company’s continuing operations, amounting to US$4,424,000 were forgiven during 2021 and recognised as Other Operating Income in that year.