| 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
|
|
|