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RECONCILIATION OF LIABILITIES ARISING FROM FINANCING ACTIVITIES
 12 Months Ended
Dec. 31, 2024
Disclosure of reconciliation of liabilities arising from financing activities [Abstract]  
RECONCILIATION OF LIABILITIES ARISING FROM FINANCING ACTIVITIES
28.

RECONCILIATION OF LIABILITIES ARISING FROM FINANCING ACTIVITIES
 
The changes in the Group’s liabilities arising from financing activities can be classified as follows:

 

 
  
Note
    
Borrowings & derivative
financial instruments
US$’000
    
Lease liabilities
US$’000
  
                   
Balance at January 1, 2024
  
23,24
      
55,387
    
12,566
  
Cash-flows:
                    
Principal amount loaned – term loan
          
30,500
    
-
  
Loan origination costs paid
          
(324
)
  
-
  
Interest paid for senior secured term loan
          
(6,253
)
  
-
  
Interest paid for convertible note
          
(300
)
  
-
  
Interest paid for exchangeable notes
          
(8
)
  
-
  
Repayment of leases
          
-
    
(2,503
)
                     
Non-cash:
                
-
  
Interest charged
          
6,561
    
-
  
Derivative financial asset at date of issue
          
28
    
-
  

Remeasurement of ROU assets

           -     1,764  
Additions (related to Right of Use assets)
          
-
    
855
  
Exchange adjustment
          
-
    
(512
)
Accretion interest
          
3,214
    
592
  
Fair value of derivative liability - warrants
          
66
    
-
  
Fair value of additional derivative liability - warrants
          
1,066
    
-
  
Payment-in-kind (PIK) Interest
          
3,291
    

-

  
Contingent liability
          
1,813
    
-
  
Non-cash loan modification gain
          
(3,567
)
  
-
  
 
                    
Balance at December 31, 2024
  
23,24
      
91,474
    
12,762
  

 

 
  
Note
    
Borrowings & derivative
financial instruments
US$’000
    
Lease liabilities
US$’000
  
                   
Balance at January 1, 2023
  
23,24
      
59,826
      
13,943
  
Cash-flows:
                      
Principal amount loaned – term loan
          
5,000
      
-
  
Loan origination costs paid
          
(194
)
    
-
  
Interest paid for senior secured term loan
          
(7,314
)
    
-
  
Interest paid for convertible note
          
(300
)
    
-
  
Interest paid for exchangeable notes
          
(8
)
    
-
  
Repayment of term loan
          
(10,050
)
        
Repayment of leases
          
-
      
(2,318
)
Penalty paid for early settlement of term loan
          
(905
)
    
-
  
                       
Non-cash:
                  
—
  
Interest charged
          
7,622
      
-
  
Penalty for early settlement charged
          
905
      
-
  
Derivative financial asset at date of issue
  
23
      
11
      
-
  
Disposals (related to Right of Use assets)
          
-
      
(106
)
Additions (related to Right of Use assets)
          
-
      
112
  
Exchange adjustment
          
-
      
311
  
Accretion interest
          
1,927
      
624
  
Fair value of derivative liability - warrants
          
(1,133
)
    
-
  
 
                      
Balance at December 31, 2023
  
23,24
      
55,387
      
12,566