Registration statement for securities of certain foreign private issuers

Leases (Tables)

v3.21.2
Leases (Tables)
 12 Months Ended
Dec. 31, 2020
Text block [abstract]  
Summary of Right-of-use Assets and Lease Liabilities Regarding Building Lease 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, 2019
      1,431  
Additions to
right-of-use-assets
      4,951  
Effect of change in foreign currency
      119  
    
 
 
  
Balance at December 31, 2019
      6,501  
    
 
 
  
   
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  
    
 
 
  
   
Amortization
         
Balance at January 1, 2019
      —    
Amortization charge for the year
      1,272  
Effect of change in foreign currency
      —    
    
 
 
  
Balance at December 31, 2019
      1,272  
    
 
 
  
   
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  
    
 
 
  
   
Net book value
         
Balance at January 1, 2019
      1,431  
Balance at December 31, 2019 and January 1, 2020
      5,229  
    
 
 
  
Balance at December 31, 2020
   
 
4,514
 
    
 
 
  
   
Lease liability
   
$’000
  
Balance at January 1, 2019
      1,154  
Additions to lease liabilities
      3,502  
Interest expense on lease liabilities
(i)
      265  
Principal payments on leases
      (1,228 ) 
Effect of change in foreign currency
      (110 ) 
    
 
 
  
Balance at December 31, 2019
      3,583  
    
 
 
  
   
Balance at January 1, 2020
      3,583  
Additions to lease liabilities
      2,362  
Interest expense on lease liabilities
(i)
      572  
Principal 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
 
    
 
 
  
 
(i)
Interest paid on lease liabilities are presented within cash flows from financing activities.
Summary of Amounts have been 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:    
 
    
2020
     
2019
  
    
$’000
     
$’000
  
Depreciation expense on
right-of-use
assets
      2,430        1,272  
Interest expense on lease liabilities
      572        265  
Expenses relating to short term leases
      4,756        6,127  
    
 
 
     
 
 
  
Profit and loss impact
   
 
7,758
 
   
 
7,664
 
    
 
 
     
 
 
  
Summary of Undiscounted Maturities of Lease Liabilities
The following table provides the undiscounted maturities of lease liabilities as of December 31:
 
    
    2020    
     
    2019    
  
    
$’000
     
$’000
  
Short term (less than 1 year)
      2,348        2,026  
Long term (between 1 – 10 years remaining)
      3,511        4,021  
    
 
 
     
 
 
  
Total
   
 
5,859
 
   
 
6,047