| Property, Plant, and Equipment |
12. Property, Plant and Equipment
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Computer
Equipment
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Fixtures and
Fittings
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Deployed Machinery |
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Total |
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$’000 |
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$’000 |
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$’000 |
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$’000 |
Cost |
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Balance at January 1, 2021 |
2,860 |
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|
180 |
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— |
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3,040 |
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| Additions |
2,830 |
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6,979 |
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— |
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9,809 |
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| Acquisitions through business combinations |
105 |
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41 |
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17,618 |
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17,764 |
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| Effect of movements in foreign exchange |
(107) |
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(130) |
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— |
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(237) |
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Balance at December 31, 2021 |
5,688
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7,070
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17,618
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30,376
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Balance at January 1, 2022 |
5,688 |
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7,070 |
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17,618 |
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30,376 |
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Additions |
1,132 |
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7,903 |
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— |
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9,035 |
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| Transferred to assets held for sale |
(319) |
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(42) |
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(17,618) |
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(17,979) |
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Effect of movements in foreign exchange |
(537) |
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(830) |
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— |
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(1,367) |
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Balance at December 31, 2022 |
5,964
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14,101
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—
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20,065
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Computer
Equipment
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Fixtures and
Fittings
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Deployed Machinery |
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Total |
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$’000 |
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$’000 |
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$’000 |
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$’000 |
Depreciation and impairment |
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Balance at January 1, 2021 |
1,576 |
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|
130 |
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— |
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1,706 |
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Depreciation |
1,248 |
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337 |
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— |
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1,585 |
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Effect of movements in foreign exchange |
(69) |
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329 |
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— |
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260 |
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Balance at December 31, 2021 |
2,755
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796
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—
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3,551
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Balance at January 1, 2022 |
2,755 |
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|
796 |
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— |
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3,551 |
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Depreciation |
1,781 |
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2,989 |
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2,815 |
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7,585 |
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| Impairment |
— |
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— |
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6,287 |
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6,287 |
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| Transferred to assets held for sale |
(127) |
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(13) |
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(9,102) |
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(9,242) |
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Effect of movements in foreign exchange |
(640) |
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(134) |
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— |
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(774) |
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Balance at December 31, 2022 |
3,769
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3,638
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—
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7,407
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Net book value |
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At January 1, 2021 |
1,284 |
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50 |
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— |
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1,334 |
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At December 31, 2021 and January 1, 2022 |
2,933 |
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|
6,274 |
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17,618 |
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26,825 |
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At December 31, 2022 |
2,195
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10,463
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—
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12,658
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During the second quarter of fiscal year 2022, the Company identified a triggering events associated with reporting units with Goodwill described in Note 10. As a result of this analysis, we recognized an impairment charge to the Higi reporting unit, resulting in the impairment charge shown in the schedule above. Refer to Note 10 for more details. Subsequent to this impairment expense, assets included in our IPA and Higi reporting units were classified as held for sale. Refer to Note 5 for more details on further impairment recorded to the valuation allowance for impaired assets within the Higi reporting unit classified as held for sale as of the year ended December 31, 2022.
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