Registration statement for securities of certain foreign private issuers

Trade and Other Receivables, Prepayments and Contract Assets (Tables)

v3.21.2
Trade and Other Receivables, Prepayments and Contract Assets (Tables)
12 Months Ended
Dec. 31, 2020
Text block [abstract]  
Summary of Trade and Other Receivables, Prepayments and Contract Assets
    
2020
    
2019
 
    
$’000
    
$’000
 
Trade receivables (Note 6)
     4,674        3,016  
Other receivables
     8,914        9,826  
Prepayments
     6,463        4,846  
Contract assets
     2,378        1,541  
VAT (payable) receivable
     (63      3,875  
    
 
 
    
 
 
 
    
 
22,366
 
  
 
23,104
 
    
 
 
    
 
 
 
Summary of Significant Changes in Contract Assets
The table below shows significant changes in contract assets:
 
    
2020
    
2019
 
    
$’000
    
$’000
 
Balance, beginning of year
     1,541        750  
Revenues recognized but not billed
     1,511        765  
Amounts reclassified to trade receivable
     (674      26  
    
 
 
    
 
 
 
Balance, end of year
  
 
2,378
 
  
 
1,541