Advance from Customers and Contract Liabilities |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Advance From Customers And Contract Liabilities [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Advance From Customers And Contract Liabilities |
(a) Advance from Customers As of December 31, 2020 , advance from customers consisted of prepaid rent received from tenants of $69,508 thousand from Nam Tai Inno Park and $214 thousand from the existing factory building located on the site of Nam Tai Inno Valley, Tang Xi, Shanghai and Wuxi. For 2021 , advance from customers consisted of prepaid rent received from tenants of $5,124 thousand from Nam Tai Inno Park, prepaid VAT of $2,001 thousand from Nam Tai • Longxi and $284 thousand from the existing factory building located on the site of Nam Tai Inno Valley, Tang Xi, Shanghai and Wuxi. For 2022 , advance from customers consisted of prepaid rent received from tenants of $5,522 thousand from Nam Tai Inno Park, prepaid VAT of $1,232 thousand from Nam Tai • Longxi and $199 thousand from the existing factory building located on the site of Nam Tai Inno Valley, Tang Xi, Shanghai and Wuxi. For 2023 , advance from customers consisted of prepaid rent received from tenants of $5,293 thousand from Nam Tai Inno Park, prepaid VAT of $59 thousand from Nam Tai • Longxi and $246 thousand from the existing factory building located on the site of Nam Tai Inno Valley, Tang Xi, Shanghai and Wuxi. For 2024 , advance from customers consisted of advance payment of government compensation for expropriation of $14,812 thousand, prepaid rent received from tenants of $525 thousand from Nam Tai Inno Park, prepaid VAT of $462 thousand from Nam Tai • Longxi and $227 thousand from the existing factory building located on the site of Nam Tai Inno Valley, Tang Xi and Wuxi. (b) Contract Liabilities Contract liabilities represent prepayments from customers and non-monetary consideration. Contract liabilities are recognized as revenue when the control of properties is delivered to customers. The following table shows the amount of revenue recognized that was included in contract liabilities as at December 31, 2020, 2021, 2022, 2023 and 2024:
The following table presents the contract balances as of December 31, 2020, 2021, 2022, 2023 and 2024:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||