19. RIGHT-OF-USE
ASSETS AND LEASES LIABILITIES
(a)
Amounts recognized in the consolidated statement of financial position
The
carrying amounts of right-of-use assets for lease are as below:
SUMMARY OF CARRYING AMOUNTS OF RIGHT-OF-USE ASSETS FOR LEASE
| Net book amount at January 1, 2023 |
|
USD 66,000 |
| Net book amount at December 31, 2023 |
|
USD nil |
| |
|
|
| Net book amount at January 1, 2024 |
|
USD nil |
| Net book amount at December 31, 2024 |
|
USD 1,326,000 |
The
lease liabilities for continuing operations are as below:
SCHEDULE OF LEASE LIABILITIES
| |
|
2024 |
|
|
2023 |
|
| |
|
As of December 31, |
|
| |
|
2024 |
|
|
2023 |
|
| |
|
USD’000 |
|
|
USD’000 |
|
| Lease liabilities - current |
|
|
348 |
|
|
|
- |
|
| Lease liabilities – noncurrent |
|
|
1,072 |
|
|
|
- |
|
| Total
lease liabilities |
|
|
1,420 |
|
|
|
- |
|
Contractual
undiscounted cash flows for the leases:
SCHEDULE OF CONTRACTUAL UNDISCOUNTED CASH FLOWS FOR THE LEASES
| |
|
|
As of December 31, 2024 |
|
| |
|
|
Within one year |
|
|
|
One to five years |
|
|
|
Total contractual undiscounted cash flow |
|
| |
|
|
USD’000 |
|
|
|
USD’000 |
|
|
|
USD’000 |
|
| |
|
|
457 |
|
|
|
1,287 |
|
|
|
1,744 |
|
(b) Amounts recognized in the
consolidated income statement
The consolidated
income statement shows the following amounts from continuing operations relating to leases:
SUMMARY OF CONSOLIDATED INCOME STATEMENT SHOWING THE AMOUNTS RELATING TO LEASES
| |
|
|
Year ended |
|
| |
|
|
December 31, 2024 |
|
| Amortization charge of right-of-use assets |
|
|
235 |
|
| Interest expense |
|
|
147 |
|
| |
|
Year ended |
|
| |
|
December 31, 2023 |
|
| Amortization charge of right-of-use assets |
|
|
- |
|
| Interest expense |
|
|
- |
|
| |
|
Year ended |
|
| |
|
December 31, 2022 |
|
| Amortization charge of right-of-use assets |
|
|
68 |
|
| Interest expense |
|
|
4 |
|
The consolidated
income statement shows the following amounts from discontinued operations relating to leases:
| |
|
Year ended |
|
| |
|
December 31, 2024 |
|
| Amortization charge of right-of-use assets |
|
|
- |
|
| Interest expense |
|
|
- |
|
| |
|
Year ended |
|
| |
|
December 31, 2023 |
|
| Amortization charge of right-of-use assets |
|
|
603 |
|
| Interest expense |
|
|
41 |
|
| |
|
Year ended |
|
| |
|
December 31, 2022 |
|
| Amortization charge of right-of-use assets |
|
|
1,902 |
|
| Interest expense |
|
|
220 |
|
The total cash
outflow in financing activities for leases during the years ended December 31, 2024, 2023 and 2022 was USD 250,000, USD nil and
USD 53,000, respectively.
The total cash
outflow in financing activities from discontinued operations for leases during the years ended December 31, 2024, 2023 and 2022 was USD nil,
USD 2,020,000 and USD 2,126,000, respectively.
|