Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.1
Leases (Tables)
12 Months Ended
Dec. 31, 2021
Presentation of leases for lessee [abstract]  
Schedule of Right-of-Use Asset, Amortization, Net Book Value And Lease Liability Therefore, the disclosures below for the Group’s right-of-use assets relate only to buildings.
Right-of-use asset $’000
Cost
 
Balance at January 1, 2020
6,501 
Additions to right-of-use-assets
2,300 
Reclassification to assets held for sale
(872)
Effect of change in foreign currency
228 
Balance at December 31, 2020
8,157 
Balance at January 1, 2021
8,157 
Additions to right-of-use-assets
11,399 
Disposals
(4,291)
Effect of change in foreign currency
(166)
Balance at December 31, 2021
15,099 
Amortization
Balance at January 1, 2020
1,272 
Amortization charge for the year
2,430 
Reclassification to assets held for sale
(243)
Effect of change in foreign currency
184 
Balance at December 31, 2020
3,643 
Balance at January 1, 2021
3,643 
Amortization charge for the year
3,929 
Disposals
(4,291)
Effect of change in foreign currency
(25)
Balance at December 31, 2021
3,256 
Net book value
Balance at January 1, 2020
5,229 
Balance at December 31, 2020 and January 1, 2021
4,514 
Balance at December 31, 2021
11,843 
Lease liability $’000
Balance at January 1, 2020
3,583 
Additions to lease liabilities 2,362 
Interest expense on lease liabilities(i)
572 
Payments on leases (1,541)
Reclassification to liabilities associated with the assets held for sale (607)
Effect of change in foreign currency 130 
Balance at December 31, 2020
4,499 
Balance at January 1, 2021
4,499 
Additions to lease liabilities 11,826 
Interest expense on lease liabilities(i)
617 
Payments on leases (4,156)
Reclassification to liabilities associated with the assets held for sale — 
Effect of change in foreign currency (154)
Balance at December 31, 2021
12,632 
(i)Interest paid on lease liabilities are presented within cash flows from financing activities.
Schedule of Recognized in the Consolidated Statement of Profit and Loss
The following amounts have been recognized in the Consolidated Statement of Profit and Loss for which the Group is a lessee:
For the Year Ended December 31,
  2021 2020 2019
  $’000 $’000 $’000
Depreciation expense on right-of-use assets
3,929  2,430  1,272 
Interest expense on lease liabilities
617  572  265 
Expenses relating to short term leases
2,489  4,756  6,127 
Profit and loss impact
7,035  7,758  7,664 
Schedule of Undiscounted Maturities of Lease Liabilities
The following table provides the undiscounted maturities of lease liabilities:
As of December 31,
  2021 2020
  $’000 $’000
Less than one year 4,595  2,348 
One to two years 5,612  684 
Two to three years 4,290  598 
Three to four years 362  572 
Four to five years 371  375 
More than five years 705  1,282 
Total 15,935  5,859