| Schedule of other gains (losses), net |
| | | | | | | | | 2023 | | 2024 | | 2025 | | | USD’000 | | USD’000 | | USD’000 | Net (impairment loss) reversal of impairment recognized, in respect of | | | | | | | – property, plant and equipment (Note 13) | | 3,728 | | (2,308) | | (1,236) | – right-of-use assets (Note 14) | | 3,916 | | 2,355 | | (766) | – goodwill (Note i) | | (1,122) | | — | | — | – intangible assets (Note i and 15) | | (1,600) | | — | | — | | | 4,922 | | 47 | | (2,002) | Loss on disposal of property, plant and equipment and provision for early termination of leases | | (2,388) | | (2,290) | | (3,014) | Net gain (loss) on lease termination | | 2,161 | | 829 | | (71) | Loss on lease modification | | (366) | | — | | — | Net foreign exchange (loss) gain | | (4,988) | | (19,704) | | 14,144 | Net gain arising on financial assets at FVTPL (Note ii) | | 1,552 | | 3,100 | | 1,711 | Others | | 284 | | 94 | | (928) | Total | | 1,177 | | (17,924) | | 9,840 |
Notes: | i. | During the year ended December 31, 2023, management observed continuing weak performance of HN&T against the forecasts due to competition which has caused management to reconsider its assumptions on the future plan. Based on the recoverable amount, the weak performance resulted in an impairment loss of USD1.1 million and USD1.6 million on the goodwill and intangible assets (brand name) respectively. |
| ii. | Financial assets at FVTPL relates to investments in short-term money market funds. The funds are measured at fair value using quoted prices from liquid markets, which are Level 1 and 2 financial instruments in terms of IFRS 13: Fair Value Measurement. |
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