| 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 |
|