24.PROVISIONS | | | | | | | As at | | As at | | | December 31, | | December 31, | | | 2024 | | 2025 | | | USD’000 | | USD’000 | Provision for restoration (Note) | | 14,434 | | 17,166 | | | | | | Less: Amounts expected to be paid within one year | | 1,941 | | 1,987 | Amounts shown under non-current liabilities | | 12,493 | | 15,179 |
Note: The provision is related to costs expected to be incurred to restore the leasehold properties according to lease agreements. The movements in provisions during the years ended December 31, 2024 and 2025 are as follows: | | | | | | | | | | | Provision for | | | | | Provision for | | early termination | | | | | restoration | | of leases | | Total | | | USD’000 | | USD’000 | | USD’000 | At January 1, 2024 | | 9,406 | | — | | 9,406 | Provision in the year | | 1,178 | | 675 | | 1,853 | Remeasurement in the year | | 4,015 | | — | | 4,015 | Utilized in the year | | (283) | | (675) | | (958) | Interests accrued | | 491 | | — | | 491 | Exchange adjustments | | (373) | | — | | (373) | At December 31, 2024 | | 14,434 | | — | | 14,434 | | | | | | | | Provision in the year | | 1,630 | | — | | 1,630 | Remeasurement in the year | | 632 | | — | | 632 | Termination | | (127) | | — | | (127) | Utilized in the year | | (775) | | — | | (775) | Interests accrued | | 719 | | — | | 719 | Exchange adjustments | | 653 | | — | | 653 | At December 31, 2025 | | 17,166 | | — | | 17,166 |
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