Asia Pacific Wire & Cable Corporation Limited (APWC) 20-F 25 Apr 23 2022 FY Annual report (foreign) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2022 shares
Document Informations [Line Items]
Document Type	20-F
Document Registration Statement	false
Document Annual Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	1-14542
Entity Registrant Name	ASIA PACIFIC WIRE & CABLE CORPORATION LIMITED
Entity Incorporation, State or Country Code	D0
Entity Address, Address Line One	15/Fl. B, No. 77, Sec. 2
Entity Address, Address Line Two	Dunhua South Road
Entity Address, City or Town	Taipei
Entity Address, Postal Zip Code	106
Entity Address, Country	TW
Title of 12(b) Security	Common Shares, par value 0.01 per share
Trading Symbol	APWC
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding	20,616,227
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
Entity Central Index Key	0001026980
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
Business Contact
Document Informations [Line Items]
Entity Address, Address Line One	15/Fl. B, No. 77, Sec. 2
Entity Address, Address Line Two	Dunhua South Road
Entity Address, City or Town	Taipei
Entity Address, Postal Zip Code	106
Entity Address, Country	TW
Contact Personnel Name	Ivan Hsia
City Area Code	886
Local Phone Number	2-27122558
Contact Personnel Email Address	ivan.hsia@apwcc.com

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Auditor [Line Items]
Auditor Firm ID	1345
Auditor Location	Taipei, Taiwan
Auditor Name	PricewaterhouseCoopers

CONSOLIDATED INCOME STATEMENTS

CONSOLIDATED INCOME STATEMENTS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Profit or loss [abstract]
Revenue	$ 433,893	$ 476,659	$ 313,564
Cost of sales	(401,363)	(455,508)	(279,686)
Gross profit	32,530	21,151	33,878
Other operating income	1,027	587	814
Selling, general and administrative expenses	(24,978)	(26,484)	(27,006)
Other operating expenses	(512)	(227)	(129)
Operating profit/(loss)	8,067	(4,973)	7,557
Finance costs	(1,650)	(1,251)	(744)
Finance income	120	123	320
Share of loss of associates	(1)	(1)	(1)
Exchange gain/(loss)	143	(4,425)	(579)
Other income	889	671	1,173
Other expense	(3)	(1)	(1)
Profit/(loss) before tax	7,565	(9,857)	7,725
Income tax (expense)/benefit	(2,808)	1,345	(4,016)
Profit/(loss) for the year	4,757	(8,512)	3,709
Attributable to:
Equity holders of the parent	3,874	(2,642)	(552)
Non-controlling interests	883	(5,870)	4,261
Profit/(loss) for the year	$ 4,757	$ (8,512)	$ 3,709
Earnings/(loss) per share
Basic earnings (loss) per share (USD per share)	$ 0.19	$ (0.19)	$ (0.04)
Diluted earnings (loss) per share (USD per share)	$ 0.19	$ (0.19)	$ (0.04)

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of comprehensive income [abstract]
Profit/(loss) for the year	$ 4,757	$ (8,512)	$ 3,709
Other comprehensive (loss)/income to be reclassified to profit or loss in subsequent periods:
Exchange differences on translation of foreign operations, net of tax of $0	(9,506)	(15,028)	5,211
Exchange differences, total	(9,506)	(15,028)	5,211
Other comprehensive (loss)/income not to be reclassified to profit or loss in subsequent periods:
Changes in the fair value of equity instruments measured at fair value through other comprehensive income	(1,352)	734	(1,789)
Income tax effect	270	(147)	358
Changes in fair value of financial assets at fair value through other comprehensive income	(1,082)	587	(1,431)
Re-measuring income on defined benefit plans	732	559	199
Income tax effect	(147)	(112)	(40)
Defined benefit pension plan, net of tax	585	447	159
Other comprehensive (loss)/income for the year, net of tax	(10,003)	(13,994)	3,939
Total comprehensive (loss)/income for the year, net of tax	(5,246)	(22,506)	7,648
Attributable to:
Equity holders of the parent	(3,827)	(10,193)	4,006
Non-controlling interests	(1,419)	(12,313)	3,642
Total comprehensive (loss)/income for the year, net of tax	$ (5,246)	$ (22,506)	$ 7,648

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of comprehensive income [abstract]
Income tax effect on exchange differences on translation of foreign operations	$ 0	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents(excluding bank overdrafts)	$ 54,017	$ 44,507
Financial assets at fair value at fair value through profit	39	249
Trade receivables	81,982	103,564
Other receivables	2,397	2,648
Contract assets	12,450	11,381
Due from related parties	11,018	13,965
Inventories	130,608	128,797
Prepayments	3,341	2,526
Other current assets	3,673	4,366
Current assets	299,525	312,003
Non-current assets
Financial assets at fair value through other comprehensive income	1,553	2,929
Property, plant and equipment	50,713	54,419
Right of use assets	3,432	3,393
Investment properties	5,250	5,809
Intangible assets	139	129
Investments in associates	805	835
Deferred tax assets	7,143	7,241
Other non-current assets	2,459	2,670
Total non-current assets	71,494	77,425
Total assets	371,019	389,428
Current liabilities
Interest-bearing loans and borrowings	45,576	62,083
Trade and other payables	39,891	44,784
Due to related parties	16,613	11,865
Financial liabilities at fair value through profit or loss	6	0
Accruals	21,218	23,374
Current tax liabilities	2,432	3,394
Employee benefit liabilities	1,947	1,987
Lease liabilities	627	571
Other current liabilities	5,289	14,135
Total current liabilities	133,599	162,193
Non-current liabilities
Interest-bearing loans and borrowings	12,155	3,304
Employee benefit liabilities	7,693	8,593
Lease liabilities	1,947	1,916
Deferred tax liabilities	4,197	4,105
Total non-current liabilities	25,992	17,918
Total liabilities	159,591	180,111
Equity
Issued capital	206	138
Additional paid-in capital	118,103	110,249
Treasury shares	(38)	(38)
Retained earnings	54,064	50,190
Other components of equity	(20,740)	(13,039)
Equity holders of the parent	151,595	147,500
Non-controlling interests	59,833	61,817
Equity	211,428	209,317
Total liabilities and equity	$ 371,019	$ 389,428

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Issued capital	Additional paid-in capital	Treasury shares	Retained earnings	Remeasurement of defined benefit plans	Financial assets at FVOCI reserve	Foreign currency translation reserve	Total	Non-controlling interests
Beginning balance at Dec. 31, 2019	$ 228,435	$ 138	$ 110,416	$ (38)	$ 53,384	$ (1,621)	$ 1,384	$ (9,809)	$ 153,854	$ 74,581
Net profit	3,709				(552)				(552)	4,261
Other comprehensive income/(loss)	3,939					81	(729)	5,206	4,558	(619)
Total comprehensive income/(loss)	7,648				(552)	81	(729)	5,206	4,006	3,642
Dividends paid	(1,208)									(1,208)
Ending balance at Dec. 31, 2020	234,875	138	110,416	(38)	52,832	(1,540)	655	(4,603)	157,860	77,015
Net profit	(8,512)				(2,642)				(2,642)	(5,870)
Other comprehensive income/(loss)	(13,994)					228	300	(8,079)	(7,551)	(6,443)
Total comprehensive income/(loss)	(22,506)				(2,642)	228	300	(8,079)	(10,193)	(12,313)
Dividends paid	(2,817)									(2,817)
Effect from the changes in shareholding percentage in subsidiary	(235)		(167)						(167)	(68)
Ending balance at Dec. 31, 2021	209,317	138	110,249	(38)	50,190	(1,312)	955	(12,682)	147,500	61,817
Net profit	4,757				3,874				3,874	883
Other comprehensive income/(loss)	(10,003)					298	(551)	(7,448)	(7,701)	(2,302)
Total comprehensive income/(loss)	(5,246)				3,874	298	(551)	(7,448)	(3,827)	(1,419)
Issuance of common stock for cash	7,922	68	7,854						7,922
Dividends paid	(565)									(565)
Ending balance at Dec. 31, 2022	$ 211,428	$ 206	$ 118,103	$ (38)	$ 54,064	$ (1,014)	$ 404	$ (20,130)	$ 151,595	$ 59,833

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating activities:
Profit/(loss) before tax	$ 7,565	$ (9,857)	$ 7,725
Adjustments to reconcile profit before tax to net cash provided by operating activities:
Depreciation	5,790	5,447	5,340
Impairment of property, plant and equipment	0	7	202
Amortization of intangible assets	45	47	62
Gain on disposal of property, plant and equipment	(132)	(318)	(239)
Gain on disposal of assets classified as held for sale	240	0	0
Gain on disposal of investment property	(271)	0	0
Adjustment for on fair value of derivatives	(33)	(259)	(3)
Dividend income	(97)	(106)	(108)
Finance income	(120)	(123)	(320)
Finance costs	1,650	1,251	744
Share of loss of associates	1	1	1
Impairment (reversal of impairment) for trade receivables	509	205	124
Impairment (reversal of impairment) for trade receivables for related parties	(1)	15	(11)
Impairment of other receivable	0	0	(80)
Impairment (write-back of impairment) of inventories	(1,119)	14,136	(240)
Unrealized foreign exchange difference, net	245	1,784	411
Noncash other operating income	0	0	(60)
(Gain) on lease modification	(74)	(2)	0
Changes in operating assets and liabilities
Trade and other receivable, net	16,720	(25,739)	(1,899)
Contract assets	(952)	(1,387)	(5,242)
Inventories	(4,389)	(53,857)	(8,828)
Prepayment and other current assets	(35)	(886)	(1,928)
Amounts due to/from related parties	807	3,911	2,777
Other non-current assets	(54)	(169)	42
Trade and other payables, accruals, other current liabilities and other non-current liabilities	(14,035)	28,896	19,917
Net cash flows provided by/(used in) operating activities	11,780	(37,003)	18,387
Dividend received	97	106	108
Interest received	119	131	1,199
Interest paid	(1,475)	(1,078)	(613)
Income tax paid	(3,955)	(3,768)	(2,706)
Net cash provided/(used in) by operating activities	6,566	(41,612)	16,375
Investing activities:
Purchases of property, plant and equipment	(3,746)	(8,547)	(14,537)
Purchases of intangible assets	(62)	(4)	(67)
Purchases of investment properties	(12)	0	(1,762)
Purchases of long-term bank deposits	0	(38)	(610)
Purchases of short-term bank deposits	0	(1,364)	(3,617)
Proceeds from disposal of held for sale assets	241	0	0
Proceeds from disposal of property, plant and equipment	204	399	297
Proceeds from disposal of investment property	301	0	0
Proceeds from maturities of long-term bank deposits	307	0	0
Proceeds from maturities of short-term bank deposits	112	3,401	0
Net cash used in investing activities	(2,655)	(6,153)	(20,296)
Financing activities:
Dividend paid to non-controlling shareholders of subsidiaries	(565)	(2,817)	(1,208)
Issuance of common stock for cash	7,922	0	0
Repayments of borrowings	(19,278)	(11,819)	(5,037)
Repayments of borrowings - related parties	0	(6,000)	(639)
Proceeds from borrowings	22,167	63,915	3,531
Proceeds from borrowings - related parties	0	0	6,000
Principal elements of lease payments	(616)	(632)	(586)
Effect from the changes in shareholding percentage in subsidiary	0	(235)	0
Financing	9,630	42,412	2,061
Effect of exchange rate	(2,036)	(4,372)	424
Net increase (decrease) in cash and cash equivalents	11,505	(9,725)	(1,436)
Cash and cash equivalents at beginning of year	42,512	52,237	53,673
Cash and cash equivalents at end of year	$ 54,017	$ 42,512	$ 52,237

PRINCIPAL ACTIVITIES AND CORPOR

PRINCIPAL ACTIVITIES AND CORPORATE INFORMATION	12 Months Ended
	Dec. 31, 2022
Disclosure Corporate Information [Abstract]
PRINCIPAL ACTIVITIES AND CORPORATE INFORMATION	PRINCIPAL ACTIVITIES AND CORPORATE INFORMATION Asia Pacific Wire & Cable Corporation Limited (“APWC”), which is a subsidiary of Pacific Electric Wire & Cable Co., Ltd. (“PEWC”), a Taiwanese company, was incorporated as an exempted company in Bermuda on September 19, 1996 under the Companies Act 1981 of Bermuda (as amended) for the purpose of acting as a holding company. APWC is principally engaged in owning operating companies engaged in the power cable, telecommunication cable, enameled wire and electronic cable industry. APWC’s registered office is located at Victoria Place, 5th Floor, 31 Victoria Street, Hamilton HM 10, Bermuda. APWC’s executive business office is presently located in Taipei, Taiwan. APWC’s operating subsidiaries (the “Operating Subsidiaries”) are engaged in the manufacturing and distribution of telecommunications, power cable and enameled wire products in Singapore, Thailand, Australia, the People’s Republic of China (“PRC”) and other markets in the Asia Pacific region. Major customers of the Operating Subsidiaries include government organizations, electric contracting firms, electrical dealers, and wire and cable factories. The Operating Subsidiaries also engage in the distribution of certain wire and cable products manufactured by PEWC and third parties. The Operating Subsidiaries also provides project engineering services in supply, delivery and installation (the “SDI”) of power cable to certain of its customers. Since 1997, APWC has been a U.S. public company with its common shares registered with the Securities and Exchange Commission (the “SEC” or the “Commission”). On April 29, 2011, APWC’s common shares commenced trading on Nasdaq Capital Market tier. On February 15, 2013, APWC’s common shares started trading on the Nasdaq Global Market tier. On July 24, 2020, APWC transferred its listing of common shares to the Nasdaq Capital Market tier because of failing to meet the minimum Market Value of Publicly Held Shares ("MVPHS") requirement to continue listing on the Nasdaq Global Market. On January 14, 2022, APWC distributed subscription rights without charges to its shareholder to purchase additional common shares of APWC. On February 2, 2022, APWC announced the completion of this rights offering, which was oversubscribed. In the rights offering, APWC issued and sold 6,796,558 common shares at $1.22 per share pursuant to the exercise of subscription rights, raising net proceeds of $7.9 million after deducting offering expenses. Following the completion of the rights offering, APWC had 20,616,227 common shares outstanding. PEWC is currently holding 80.96% of the equity of APWC and is APWC’s ultimate parent company Share Capital Repurchase Program APWC’s Board of Directors authorized a share capital repurchase program on August 28, 2012. During 2012 and 2013, APWC repurchased 11,100 shares with total considerations of $38 until APWC suspended the share capital repurchase program as of June 30, 2013. APWC records the value of its common shares held in the treasury at cost. On August 13, 2014, APWC announced that its Board of Directors authorized the future implementation of a share repurchase program of up to $1 million worth of its Common Shares. APWC did not announce a commencement date for that future share repurchase program, and, to date, it has not yet been implemented, and no financial liability has been recognized.

BASIS OF PREPARATION

BASIS OF PREPARATION	12 Months Ended
	Dec. 31, 2022
Disclosure Of Basis Of Preparation Of Financial Statements [Abstract]
BASIS OF PREPARATION	BASIS OF PREPARATION 2.1 The consolidated financial statements are prepared in accordance with International Financial Reporting Standard (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The consolidated financial statements have been prepared on a historical basis except where otherwise disclosed in the accounting policies. The consolidated financial statements are presented in U.S. dollars and all values are rounded to the nearest thousand (US$’000), except when otherwise indicated. 2.2 Basis of consolidation The consolidated financial statements comprise the financial statements of APWC and its subsidiaries (collectively as “our Company”) as of December 31, 2022 and 2021, and the results of operations of our Company for the years ended December 31, 2022, 2021 and 2020. Subsidiaries are fully consolidated from the date of acquisition (the date on which our Company obtains control), and continue to be consolidated until the date that such control ceases. Our Company controls an entity when our Company is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of the subsidiaries are prepared for the same reporting period as the parent company, using consistent accounting policies. All intra-group balances, transactions, unrealized gains and losses and dividends resulting from intra-group transactions are eliminated in full. Non-controlling interests in the results and equity of subsidiaries are shown separately in the consolidated income statements, statements of comprehensive income, statements of changes in equity and balance sheets, respectively. Total comprehensive income (loss) within a subsidiary is attributed to the non-controlling interest even if it results in a deficit balance. A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction. If our Company loses control over a subsidiary, it: u Derecognizes the assets (including goodwill) and liabilities of the subsidiary u Derecognizes the carrying amount of any non-controlling interest u Derecognizes the cumulative transaction differences recorded in equity u Recognizes the fair value of the consideration received u Recognizes the fair value of any investment retained u Recognizes any surplus or deficit in profit or loss u Reclassifies the parent’s share of components previously recognized in other comprehensive income to profit or loss or retained earnings, as appropriate, as would be required if our Company had directly disposed of the related assets or liability. 2.2 Basis of consolidation (continued) The subsidiaries of our Company are set out below: Percentage of equity interest Place of incorporation and operations 2022 2021 The British Virgin Islands APWC General Holdings Limited 100 % 100 % PRC (APWC) Holding Ltd. 100 % 100 % Samray Inc. 100 % 100 % Siam (APWC) Holdings Ltd. 100 % 100 % Moon View Ltd. 100 % 100 % Trigent Investment Holdings Limited 100 % 100 % Crown Century Holdings Ltd. 100 % 100 % Singapore Sigma Cable Company (Private) Limited (“Sigma Cable”) 98.30 % 98.30 % Epan Industries Pte Ltd. 98.30 % 98.30 % Singvale Pte Ltd. 100 % 100 % The People’s Republic of China (“PRC”) Ningbo Pacific Cable Co., Ltd. (“Ningbo Pacific”) 97.93 % 97.93 % Shanghai Yayang Electric Co., Ltd. (“SYE”) 68.75 % 68.75 % Pacific Electric Wire & Cable (Shenzhen) Co., Ltd. (“PEWS”) 97.93 % 97.93 % Hong Kong Crown Century Holdings Limited (“CCH (HK)”) 97.93 % 97.93 % Australia Australia Pacific Electric Cable Pty Limited (“APEC”) 98.06 % 98.06 % Thailand Charoong Thai Wire and Cable Public Company Limited (“Charoong Thai”) (i) 50.93 % 50.93 % Siam Pacific Electric Wire & Cable Company Limited (“Siam Pacific”) 50.93 % 50.93 % Double D Cable Company Limited (“Double D”) 50.93 % 50.93 % Hard Lek Limited. 73.98 % 73.98 % APWC (Thailand) Co., Ltd. 99.48 % 99.48 % PEWC (Thailand) Co., Ltd. 99.48 % 99.48 % CTW Beta Co., Ltd. 50.89 % 50.89 % Siam Fiber Optics Co., Ltd. (“SFO”) (ii) 50.93 % 50.93 % Taiwan Asia Pacific New Energy Corporation Limited ("APNEC") (iii) 100.00 % 100.00 % Pacific Smart System Corporation Limited ("PSSC") (iii) 100.00 % 100.00 % YADING Energy Corporation Limited ("YADING") 100.00 % 100.00 % (i) Charoong Thai is listed on the Stock Exchange of Thailand and is engaged in the manufacturing of wire and cable products for the power and telecommunications industries in Thailand. (ii) APWC holds 50.93% of the interests of Charoong Thai. Until June 30, 2021, Charoong Thai held 90% of the interests in SFO, giving APWC control over 45.84% of the voting power of SFO. On June 30, 2021, Charoong Thai acquired the other 10% interest in SFO (for a total consideration of THB 7.5 million), increasing its interests in SFO to 100% and APWC’s control of the voting power of SFO from 45.84% to 50.93%. Our Company recorded the effect of change in shareholding of the subsidiaries, amounting to $167 under the caption of “Additional paid-in capital” in the consolidated statement of change in equity.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2022
Disclosure Of Summary Of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Our Company has consistently applied the following accounting policies to all periods presented in these consolidated financial statements, except as mentioned otherwise (see also Note 4.1). 3.1 Current versus non-current classification Our Company presents assets and liabilities in the balance sheets based on current and non-current classification. An asset is current when it is: Expected to be realized or intended to be sold or consumed in the normal operating cycle; u Held primarily for the purpose of trading; u Expected to be realized within twelve months after the reporting period; or u Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. All other assets are classified as non-current. A liability is current when: It is expected to be settled in a normal operating cycle; u It is held primarily for the purpose of trading; u It is due to be settled within twelve months after the reporting period; or u There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period. Our Company classifies all other liabilities as non-current. Deferred tax assets and liabilities are classified as non-current assets and liabilities. 3.2 Operating profit The operating profit is the profit earned from core business operations, and it does not include any profit earned from investment and the effects of interest and taxes. 3.3 Fair value measurement Our Company measures financial instruments at fair value at each balance sheet date. In addition, fair values of financial instruments measured at amortized cost are disclosed in Note 11(d). 3.3 Fair value measurement (continued) Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either: u In the principal market for the asset or liability, or u In the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible to by our Company. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. A fair value measurement of a non-financial asset takes into account a market participant's ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use. Our Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: u Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities u Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the assets or liability, either directly or indirectly u Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable For assets and liabilities that are recognized in the financial statements on a recurring basis, our Company determines whether transfers have occurred between levels in the hierarchy by re-assessing categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period. For the purpose of fair value disclosures, our Company has determined classes of assets and liabilities on the basis of the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained above. 3.4 Cash and cash equivalents Cash and cash equivalents in the consolidated balance sheet comprise of cash at banks and highly liquid investments with purchased maturities of three months or less, which are subject to an insignificant risk of change in value. For the purpose of the consolidated statements of cash flows, cash and cash equivalents are net of outstanding bank overdrafts as they are considered an integral part of our Company’s cash management. 3.5 Inventories Inventories are stated at the lower of cost and net realizable value. Cost of manufactured goods is determined on the weighted average basis and, in the case of work in progress and finished goods, comprises direct materials, direct labor and an appropriate proportion of overheads based on the normal operating capacity. Cost of distributed goods is determined on the weighted average basis. Net realizable value is based on estimated selling prices less any estimated costs to be incurred to completion and the estimated cost necessary to make the sale. 3.6 Property, plant and equipment Property, plant and equipment is stated at cost, net of accumulated depreciation and any accumulated impairment losses. Such cost includes the cost of replacing part of the property, plant and equipment and borrowing costs for long-term construction projects if the recognition criteria are met. Expenditure incurred after items of property, plant and equipment have been put into operation, such as repairs and maintenance, is normally charged to profit or loss in the period in which it is incurred. In situations where the recognition criteria are satisfied, the expenditure for a major inspection is capitalized in the carrying amount of the asset as a replacement. When significant parts of property, plant and equipment are required to be replaced at intervals, our Company recognizes such parts as individual assets with specific useful lives and depreciates them accordingly. Spare parts and servicing equipment are usually carried as inventory and recognized in profit or loss as consumed. However, major spare parts and stand-by equipment qualify as property, plant and equipment when an entity expects to use them for more than one year. The present value of the expected cost for the decommissioning of an asset after its use is included in the cost of the respective asset if the recognition criteria for a provision are met. A provision shall be recognized when: (a) an entity has a present obligation (legal or constructive) as a result of a past event; (b) it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation; and (c) a reliable estimate can be made of the amount of the obligation. If these conditions are not met, no provision shall be recognized. Depreciation Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets as follows: ► Buildings 15-30 years ► Building improvement 2-20 years ► Machinery and equipment 4-20 years ► Motor vehicles 3-10 years ► Office equipment 3-20 years An item of property, plant and equipment and any significant part initially recognized is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the income statement when the asset is derecognized. 3.6 Property, plant and equipment (continued) The assets’ residual values, useful lives and methods of depreciation are reviewed at each financial year end, and adjusted prospectively, if appropriate. Impairment If circumstances arise which indicate assets might be impaired, a review should be undertaken of their cash generating abilities through either use or sales. This review will produce an amount, which should be compared with the asset’s carrying value, and if the carrying value is higher, the difference must be written off as an impairment adjustment in the income statement. Further detailed methodology used for an impairment test is given in Note 3.11 - Impairment of non-financial assets. 3.7 Leases Our Company assesses at contract inception whether a contract is, or contains, a lease. That is, our Company assesses whether the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Our Company as a lessee Our Company, as a lessee, applies a single accounting model to recognize assets and liabilities for all leases, except for the lease term is 12 months or less or the underlying asset has a low value. Our Company recognizes lease liabilities to make lease payment and right-of-use assets representing the right to use the underlying assets. (i) Right-of-use assets Our Company recognizes right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payment made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets, as follows: ►Land use right 2 to 37 years ►Buildings 2 to 3 years ►Motor vehicles 2 to 3 years ►Office equipment 3 to 5 years If the ownership of the leased asset transfers to our Company at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset. The right-of-use assets are also subject to impairment. Refer to the accounting policies Note 3.11 impairment of non-financial assets. 3.7 Leases (continued) (ii) Lease liabilities At the commencement date of the lease, our Company recognizes lease liabilities measured at the present value of lease payment to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by our Company and payments of penalties for terminating the lease, if the lease term reflects our Company exercising the option to terminate. Variable lease payments that do not depend on an index or a rate are recognized as expenses in the period in which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, our Company uses its incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the lease payments (e.g. changes to future payments resulting from a change in an index or rate used to determine such lease payment) or a change in the assessment of an option to purchase the underlying asset. (iii) Short-term leases and leases of low-value assets Our Company applies the short-term lease recognition exemption to its short-term leases. It also applies the lease of low-value assets recognition exemption to its leases that are considered of low value. Lease payments on short-term leases and leases of low-value assets are recognized as expense on a straight-line basis over the lease term. Our Company as a lessor Leases for which our Company is a lessor are classified each of its leases as either an operating lease or finance lease. Finance lease Whenever the terms of the lease transfer substantially all the risks and rewards incidental to ownership of an underlying asset, the lease is classified as a finance lease. Amount due from lessees under finance lease are recognized as receivables at the amount of our Company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on our Company’s net investment outstanding in respect of the leases. Operating lease Leases in which our Company does not transfer substantially all the risks and rewards incidental to ownership of an asset are classified as operating leases. Rental income arising is accounted for on a straight-line basis over the lease terms and is included in revenue in the consolidated income statements due to its operating nature. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognized over the lease term on the same basis as rental income. Contingent rents are recognized as revenue in the period in which they are earned. Property (land and/or a building, or part of a building) subject to an operating lease shall be recognized as an investment property if, and only if, the property would otherwise meet the definition of an investment property and the lessee uses the fair value model for the asset recognized. 3.8 Borrowing costs Borrowing costs are required to be capitalized as part of the cost of the asset if they are directly attributable to the acquisition, construction or productions of a qualifying asset (whether or not the funds have been borrowed specifically). All other borrowing costs are recognized as an expense in the period in which they are incurred. A qualifying asset is an asset that necessarily takes a substantial period to get ready for its intended use or sale. Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds. Borrowing costs include: u interest expense calculated using the effective interest method; u finance charges in respect of lease liabilities; and u exchange differences arising from foreign currency borrowings to the extent that they are regarded as an adjustment to interest costs. Exchange differences are generally regarded as borrowing costs only to the extent that the combined borrowing costs, including exchange differences, approximate the amount of borrowing costs on functional currency equivalent borrowings. For specific borrowings, the borrowing costs eligible for capitalization are the actual borrowing costs incurred related to funds that are borrowed specifically to obtain a qualifying asset less any investment income earned on the temporary investment of those borrowings. For general borrowings, the capitalization rate applied to borrowing costs on the consolidation level will be based on cash management strategy, which might be the weighted average of the group borrowings outstanding during the period. 3.9 Investment properties Investment properties are properties held to earn rentals and/or for capital appreciation (including property under construction for such purposes). Investment properties are measured initially at cost, including transaction costs. Subsequent to initial recognition, investment properties are carried at historical cost less provisions for depreciation and impairment. Additional costs incurred subsequent to the acquisition of an asset increase the carrying amount of the asset or recognized as a separate asset if it is probable that future economic benefits associated with the assets will flow into our Company and the cost of an asset can be measured reliably. Routine maintenance and repairs are expensed as incurred. While land is not depreciated, all other investment property is depreciated based on the respective assets estimated useful lives ranging from 20 to 40 years using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. An investment property is derecognized upon disposal or when the investment property is permanently withdrawn from use and no future economic benefits are expected from the disposal. Any gain or loss arising on derecognition of the property (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in income or loss in the period in which the property is derecognized. International Accounting Standards (“IAS”) 40 requires disclosures about the fair value of any investment property recorded at cost. See Note 17 – Investment Properties. 3.10 Financial instruments A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. (i) Financial assets Classification and measurement Except for certain trade receivables, our Company initially measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs directly attributable to the acquisition or issue of the financial asset. Financial instruments are subsequently measured at amortized cost, fair value through other comprehensive income (FVOCI) or fair value through profit or loss (FVPL). The classification is based on two criteria: the objective of our Company’s business model for managing the assets; and whether the instruments’ contractual cash flows represent ‘solely payments of principal and interest’ on the principal amount outstanding (the ‘SPPI criterion’). The classification and measurement of financial assets is as follows: u Debt instruments at amortized cost Financial assets meeting both conditions: (i) held within a business model whose objective is to hold financial assets in order to collect contractual cash flows, and (ii) the contractual terms of the financial assets give arise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding, are measured subsequent to initial recognition at amortized cost. The amortized cost of a financial asset is the amount at which the financial asset is measured at initial recognition minus the principal repayments, plus the cumulative amortization using the effective interest rate (“EIR”) method of any difference between that initial amount and the maturity amount, adjusted for any loss allowance. Interest income, foreign exchange gains and losses, and any impairment charges for such instruments are recognized in profit or loss. Our Company’s financial assets at amortized costs include cash and cash equivalents, trade receivables, other receivable, and the receivable from related party. u Debt instruments at FVOCI with gains or losses recycled to profit or loss on derecognition Financial assets that are held within a business model whose objective is to hold financial assets in order to both collecting contractual cash flows and selling financial assets, and that the contractual terms of the financial assets give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Interest income, foreign exchange gains and losses, and any impairment charges on such instruments are recognized in profit or loss. All other fair value gains and losses are recognized in OCI. On disposal of these debt instruments, any related balance with FVOCI reserve is reclassified to profit or loss. u Equity instruments designated at FVOCI with no recycling of gains or losses on derecognition These instruments are undertakings in which our Company does not have significant influence or control, generally evidenced by ownership of less than 20% of the voting rights. Our Company designates these investments on an instrument by instrument basis as equity securities at FVOCI because they represent investments held for long term strategic purposes. 3.10 Financial instruments (continued) (i) Financial assets (continued) Investments in equity instruments at FVOCI are initially measured at fair value plus transaction costs. Subsequently, they are measured at fair value with gains and losses arising from changes in fair value recognized in OCI. These investments are not subject to impairment testing and upon disposal, the cumulative gain or loss in OCI is not reclassified to profit or loss on disposal. Dividends from such investments continue to be recognized in profit or loss when our Company’s right to receive payments is established. Our Company elected to classify irrevocably its non-listed equity investments under this category. u Financial assets at fair value through profit or loss (FVPL) Assets that do not meet the criteria for amortized cost or FVOCI are measured at FVPL. A gain or loss on a debt instrument that is subsequently measured at FVPL is recognized in profit or loss in the period in which it arises. Even if an instrument meets the two requirements to be measured at amortized cost or FVOCI, our Company may, at initial recognition, irrevocably designate a financial asset as measured at FVPL if doing so eliminates or significantly reduces a measurement or recognition inconsistency. Changes in the fair value of financial assets at FVPL are recognized in the statement of profit or loss as applicable. Reclassification When, and only, our Company changes its business model for managing financial assets it shall reclassify all affected financial assets according to the classification and measurement criteria discussed earlier. If our Company reclassifies financial assets, it shall apply the reclassification prospectively from the reclassification date and shall not restate any previously recognized gains, losses (including impairment gains or losses) or interest. Derecognition A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognized (i.e. removed from our Company’s consolidated balance sheet) when and only when: (a) the rights to receive cash flows from the asset have expired, or (b) our Company has transferred its rights to receive cash flows from the asset, or has assumed an obligation to pay the received cash flows in full without material delay to one or more recipients under a “pass-through” arrangement; and either (i) our Company has transferred substantially all the risks and rewards of the asset, or (ii) our Company has neither transferred nor retained substantially all the risks and rewards of the asset but has transferred control of the asset. When our Company has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, it evaluates the extent to which, it has retained the risks and rewards of ownership. When it has neither transferred nor retained substantially all of the risks and rewards of the asset and has not transferred the control of the assets, our Company continues to recognize the transferred asset to the extent of its continuing involvement. In that case, our Company also recognizes an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and obligations that our Company has retained. 3.10 Financial instruments (continued) (i) Financial assets (continued) Derecognition (continued) Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that our Company could be required to repay (“the guarantee amount”). (ii) Financial liabilities Classification and measurement Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings, payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. All financial liabilities are recognized initially at fair value and, net of directly attributable transaction costs in the case of loans and borrowings. Our Company’s financial liabilities include trade and other payables, bank overdrafts and interest-bearing loans and borrowings. These financial liabilities represent liabilities for goods and services provided to our Company and refund liabilities arising from contracts with customers. Trade payable are non-interest bearing and are normally settled on 60-day terms. The refund liabilities are rebate and discounts for the sale of goods to external customers in the ordinary course of our Company’s activities. Trade and other payables are presented as current liabilities unless payment is not due within 12 months after the reporting period. They are recognized initially at fair value and subsequently measured at amortized cost using the EIR method. After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the EIR method. Gains and losses are recognized in profit or loss when the liabilities are derecognized as well as through the EIR amortization process. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortization is included as finance costs in the income statement. Derecognition A financial liability is derecognized when the obligation under the liability is discharged, cancelled, or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognized in the income statement. (iii) Foreign currency forward contracts Non-hedging derivatives are initially recognized at fair value on the date a derivative contract is entered into and recorded as financial assets or financial liabilities at fair value through profit or loss. They are subsequently re-measured at fair value, and the gains or losses are recognized in profit or loss. 3.10 Financial instruments (continued) (iv) Impairment of financial instruments The following financial instruments are included within the scope of the impairment requirements in IFRS 9 Financial Instruments: (a) Financial assets measured at amortized cost; (b) Financial assets mandatorily measured at FVOCI; (c) Loan commitments when there is a present obligation to extend credit (except where these are measured at FVPL); (d) Financial guarantee contracts to which IFRS 9 is applied (except those measured at FVPL); (e) Lease receivables within the scope of IFRS 16 Leases. (f) Contract assets within the scope of IFRS 15 Revenue from Contracts with Customers. Our Company assesses on a forward looking basis the expected credit losses (ECLs) associated with its debt instruments carried at amortized cost and FVOCI. The impairment methodology applied depends on whether there has been a significant increase in credit risk. With the exception of purchased or originated credit impaired financial assets, ECLs are required to be measured through a loss allowance at an amount equal to: (a) credit risk has not increased significantly since initial recognition – recognize 12-month ECLs , and recognize interest on a gross basis; or (b) credit risk has increased significantly since initial recognition – recognize lifetime ECL, and recognize interest on a gross basis. Our Company assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days past due. A loss allowance for full lifetime ECLs is required for contract assets or trade receivables that do not constitute a financing transaction in accordance with IFRS 15. Our Company may select its accounting policy for contract assets and trade receivables, containing a significant financing component and lease receivables to measure the loss allowance at an amount equal to lifetime ECLs. For trade receivables and contract assets, our Company applies the simplified approach permitted by IFRS 9, which requires expected lifetime losses to be recognized from initial recognition of the receivables, see Note 12(c) for further details. Our Company recognizes in profit or loss, the amount of expected credit losses (or reversal) that is required to adjust the loss allowance at the reporting date to the amount that is required to be recognized. (v) Offsetting of financial instruments Financial assets and financial liabilities are offset and the net amount is reported in the consolidated statement of financial position if when the following conditions are met: (i) there is a currently enforceable legal right to offset the recognized amounts; and (ii) there is an intention to settle on a net basis, to realize the assets and settle the liabilities simultaneously. 3.10 Financial instruments (continued) (vi) Fair value of financial instruments The fair value of financial instruments that are traded in active markets at each reporting date is determined by reference to quoted market prices or dealer price quotations (bid price for long positions and ask price for short positions), without any deduction for transaction costs. For financial instruments not traded in an active market, the fair value is determined using appropriate valuation techniques. Such techniques may include: u Recent arm’s length market transactions u Current fair value of another instrument that is substantially the same u A discounted cash flow analysis or other valuation models 3.11 Impairment of non-financial assets Our Company assesses, at each reporting date, whether there is an indication that an asset may be impaired. If any indication exists, or when annual impairment testing for an asset is required, our Company estimates the asset’s recoverable amount. An asset’s recoverable amount is the higher of an asset’s or cash-generating unit’s (“CGU”) fair value less costs to sell and its value in use. A CGU is the smallest group of assets that generates cash inflows that are largely independent of the cash flows from other assets or groups of assets. Recoverable amount is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or Company of assets. When the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. In determining fair value less costs to sell, recent market transactions are taken into account. If no such transactions can be identified, an appropriate valuation model is used. These calculations are corroborated by valuation multiples, quoted share prices for publicly traded companies or other available fair value indicators. Our Company bases its impairment calculation on detailed budgets and forecast calculations, which are prepared separately for each of our Company’s CGUs to which the individual assets are allocated. These budgets and forecast calculations generally cover a period of five years. For longer periods, a long-term growth rate is calculated and applied to project future cash flows after the fifth year. Impairment losses of continuing operations are recognized in the income statement in expense categories consistent with the function of the impaired asset. For assets excluding goodwill, an assessment is made at each reporting date to determine whether there is an indication that previously recognized impairment losses no longer exist or have decreased. If such indication exists, our Company estimates the asset’s or CGU’s recoverable amount. A previously recognized impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s recovera

NEW STANDARDS AND INTERPRETATIO

NEW STANDARDS AND INTERPRETATIONS	12 Months Ended
	Dec. 31, 2022
Disclosure of initial application of standards or interpretations [abstract]
NEW STANDARDS AND INTERPRETATIONS	NEW STANDARDS AND INTERPRETATIONS 4.1 Recently applied accounting pronouncements Our Company has applied the following amendments for the first time for its annual reporting period commencing January 1, 2022: Property, plant and equipment: proceeds before intended use – Amendments to IAS 16 Reference to the conceptual framework: Amendments to IFRS 3 Onerous contracts - Amendments to IAS 37 The amendments listed above had no impact on the consolidated financial statements of our Company in prior periods and are not expected to significantly affect the current or future periods. 4.2 New accounting pronouncements not effective The standards and interpretations that are issued, but not yet effective, up to the date of issuance of our Company’s financial statements are disclosed below. Our Company intends to adopt these standards, if applicable, when they become effective. Sales or contribution of assets between an investor and its associate or joint venture-Amendments to IFRS 10 and IAS 28 In September 2014, the IASB issued amendments to IFRS 10, Consolidated Financial Statements and IAS 28, Investments in Associates and Joint Ventures , entitled Sales or Contribution of Assets between an Investor and its Associate or Joint Ventures. These narrow scope amendments clarify, that a full gain or loss is recognized when a transaction involves a business (whether it is housed in a subsidiary or not), and a partial gain or loss is recognized when a transaction involves assets that do not constitute a business. On December 17, 2015, the IASB issued an amendment that postpones the application of the amendments to IFRS 10 and IAS 28 indefinitely. Our Company does not expect the amendments to have an impact on its consolidated financial statements. Classification of liabilities as current or non-current: Amendments to IAS 1 On January 23, 2020, the IASB issued a narrow-scope amendment to IAS 1 to clarify that liabilities are classified as either current or non-current, depending on the rights that exist at the end of the reporting period. They: u clarify that the classification of liabilities as current or non-current should be based on rights that are in existence at the end of the reporting date and align the wording in all affected paragraphs to refer to the "right" to defer settlement by at least twelve months and make explicit that only rights in place "at the end of the reporting period" should affect the classification of a liability; u clarify that classification is unaffected by expectations about whether an entity will exercise its right to defer settlement of a liability; and make clear that settlement refers to the transfer to the counterparty of cash, equity instruments, other assets or services. The amendments are effective for annual reporting periods beginning on or after January 1, 2023 and are to be applied retrospectively. Earlier application is permitted. The amendment could affect the classification of liabilities, particularly for previously considered management’s intention to determine classification and for some liabilities that can be converted into equity. Our Company is based on the contractual arrangement in place at the reporting date for the classification, thus, our Company does not expect the amendment to have an impact on its consolidated financial statements. Definition of accounting estimate – Amendments to IAS 8 On February 12, 2021, the IASB issued amendments to IAS 8, in which it introduces a new definition of accounting estimate: clarify that they are monetary amounts in financial statements that are subject to measurement uncertainty. The amendments also clarify the distinction between changes in accounting estimates and changes in accounting policies and the correction of errors. Also, they clarify how entities use measurement techniques and inputs to develop accounting estimates. Distinguishing between accounting policies and accounting estimates is important because changes in accounting policies are generally applied retrospectively to past transactions and other past events as well as the current periods, while changes in accounting estimates are applied prospectively to future transactions and other future events. The amendments are effective for annual reporting periods beginning on or after January 1, 2023 and apply to 4.2 New accounting pronouncements not effective (continued) changes in accounting policies and changes in accounting estimates that occur on or after the start that period. Earlier application is permitted as long as this fact is disclosed. Our Company does not expect the amendments to have an impact to its consolidated financial statements. Disclosure of accounting policies – Amendments to IAS 1 and IFRS Practice Statement 2 On February 15, 2021, the IASB issued amendments to IAS 1 and IFRS Practice Statement 2 Making Materiality Judgements , in which it provides guidance and example to help entities apply materiality judgements to accounting policy disclosure. The amendments to help entities provide accounting policy disclosures that are more useful by replacing the requirement for entities to disclose their “significant” accounting policies with a requirement to disclose their “material” accounting policies and adding guidance on how entities apply the concept of materiality in making decisions about accounting policy disclosures. The amendments to IAS 1 are applicable for annual reporting periods beginning on or after January 1, 2023 with earlier application permitted. Since the amendment to the Practice Statement 2 provide non-mandatory guidance on the application of the definition of material to accounting policy information, an effective date for these amendments is not necessary. Our Company is currently assessing the impact of the amendments by re-visiting its accounting policy disclosures to ensure consistency with the amended standard. Deferred tax related to assets and liabilities arising from a single transaction – Amendments to IAS 12 On May 7, 2021, the IASB issued the amendments to IAS 12 Income Taxes require companies to recognize deferred tax on transactions that, on initial recognition, give rise to equal amounts of taxable and deductible temporary differences. They will typically apply to transactions such as leases of lessees and decommissioning obligations and will require the recognition of additional deferred tax assets and liabilities. The amendments should be applied to transactions that occur on or after the beginning of the earliest comparative period presented. In addition, entities should recognize deferred tax assets (to the extent that it is probable that they can be utilized) and deferred tax liabilities at the beginning of the earliest comparative period for all deductible and taxable temporary differences associated with right-of-use assets and lease liabilities, and decommissioning obligations and corresponding amounts recognized as part of the cost of the related assets. The cumulative effect of recognizing these adjustments is recognized in retained earnings, or other component of equity, as appropriate. The amendments are effective for annual reporting periods beginning on or after January 2023. Early application of the amendments is permitted. Our Company have already accounted for such transactions consistent with the new requirements. Our Company will not be affected by the amendments.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2022
Disclosure of operating segments [abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION 5(a) Basis of segments Each segment engages in business activities which generate revenues and incur expenses. Based upon the information provided to our Company’s chief operating decision maker (“CODM”) to make decisions on resource allocation and operating performance evaluation, our Company has determined that it has three reportable segments. Our Company organizes its business segments along reporting lines and has three operating segments, consisting of the North Asia region, the Thailand region and the Rest of the World (“ROW”) region. Our Company considers the economic characteristics similarity in determining the reportable segments. As the three operating segments exceed the quantitative thresholds, they are also reportable segments. The accounting policies for segment information, including transactions entered between segments are generally the same as those described in the summary of significant accounting policies. Inter-segment revenues are eliminated upon consolidation and reflected in the “adjustments and eliminations” column. All other adjustments and eliminations are part of detailed reconciliations presented further below. 5(b) Information about reportable segments Year ended North Thailand ROW Total Corporate Consolidated US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 Revenues External customers 77,329 171,841 184,723 433,893 — 433,893 Inter-segment — (5) — (5) 5 — Segment operating profit/(loss) 241 2,636 7,768 10,645 (3,093) 7,552 Depreciation and amortization(including depreciation from right of use assets) (1,247) (3,058) (1,448) (5,753) (82) (5,835) Interest income 68 49 2 119 1 120 Interest expense (91) (787) (608) (1,486) (2) (1,488) Income tax expense (354) (420) (1,979) (2,753) (55) (2,808) Other disclosures Capital expenditure 1,486 1,780 541 3,807 1 3,808 5(b) Information about reportable segments (continued) Year ended North Thailand ROW Total Corporate Consolidated US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 Revenues External customers 107,032 197,779 171,848 476,659 — 476,659 Inter-segment — 7 — 7 (7) — Segment operating profit/(loss) 4,523 (13,537) 6,690 (2,324) (3,009) (5,333) Depreciation and amortization(including depreciation from right of use assets) (1,074) (2,752) (1,566) (5,392) (102) (5,494) Impairment of property, plant and equipment — (7) — (7) — (7) Interest income 43 76 3 122 1 123 Interest expense (285) (380) (340) (1,005) (92) (1,097) Income tax (expense)/benefit (2,104) 4,223 (1,539) 580 765 1,345 Other disclosures Capital expenditure 11 5,585 2,018 7,614 937 8,551 5(b) Information about reportable segments (continued) Year ended North Thailand ROW Total Corporate Consolidated US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 Revenues External customers 73,199 143,647 96,718 313,564 — 313,564 Inter-segment — — — — — — Segment operating profit/(loss) 3,087 11,250 (4,492) 9,845 (2,973) 6,872 Depreciation and amortization(including depreciation from right of use assets) (796) (2,773) (1,715) (5,284) (118) (5,402) Impairment of property, plant and equipment — (4) (198) (202) — (202) Interest income 94 192 33 319 1 320 Interest expense (178) (105) (257) (540) (75) (615) Income tax (expense)/benefit (791) (2,344) (714) (3,849) (167) (4,016) Other disclosures Capital expenditure 3,763 10,674 167 14,604 — 14,604 Adjustments and eliminations Corporate expenses, gain on disposal of investment, and share of gain (loss) of associates are not allocated to individual segments as the underlying instruments are managed on a group basis. 5(c) Reconciliation of segment operating profit (loss) For the year ended December 31, 2022 2021 2020 US$’000 US$’000 US$’000 Segment operating profit/(loss) 10,645 (2,324) 9,845 Corporate expenses and others (3,093) (3,009) (2,973) 7,552 (5,333) 6,872 Other operating income 1,027 587 814 Other operating expenses (512) (227) (129) Operating profit/(loss) 8,067 (4,973) 7,557 Finance costs (1,650) (1,251) (744) Finance income 120 123 320 Share of loss of associates (1) (1) (1) Exchange gain/(loss) 143 (4,425) (579) Other income 889 671 1,173 Other expense (3) (1) (1) Profit/(loss) before tax 7,565 (9,857) 7,725 5(d) Segment assets and liabilities North Thailand ROW Total Corporate Consolidated US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 As of December 31, 2022 Total assets 54,534 168,423 133,516 356,473 14,546 371,019 Total liabilities 13,649 62,584 75,863 152,096 7,495 159,591 As of December 31, 2021 Total assets 56,629 186,405 136,145 379,179 10,249 389,428 Total liabilities 15,166 76,610 80,731 172,507 7,604 180,111 5(d) Segment assets and liabilities (continued) Reconciliation of assets: As of December 31, 2022 2021 US$’000 US$’000 Segment operating assets 356,473 379,179 Corporate and other assets 6,598 2,173 Investment in associates 805 835 Deferred tax assets 7,143 7,241 Total assets 371,019 389,428 Reconciliation of liabilities: As of December 31, 2022 2021 US$’000 US$’000 Segment operating liabilities 152,096 172,507 Corporate liabilities 3,298 3,499 Deferred tax liabilities 4,197 4,105 Total liabilities 159,591 180,111 5(e) Disaggregated revenues and geographical information (i)Revenue from external customers is summarized as the following major categories: Year ended North Thailand ROW Total Corporate Consolidated US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 Revenue from external customers Power 92 46,340 135,739 182,171 — 182,171 Enamel 76,002 102,122 — 178,124 — 178,124 SDI 1,209 — 44,722 45,931 — 45,931 Others* 26 23,379 4,262 27,667 — 27,667 77,329 171,841 184,723 433,893 — 433,893 Timing of revenue recognition At a point in time 77,287 171,613 158,510 407,410 — 407,410 Over time 42 228 26,213 26,483 — 26,483 77,329 171,841 184,723 433,893 — 433,893 * include revenues from fabrication service contracts, and sale of other wires and cables products. 5(e) Disaggregated revenues and geographical information (continued) (i)Revenue from external customers is summarized as the following major categories (continued): Year ended North Thailand ROW Total Corporate Consolidated US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 Revenue from external customers Power — 63,629 127,891 191,520 — 191,520 Enamel 107,027 105,749 — 212,776 — 212,776 SDI — — 39,476 39,476 — 39,476 Others* 5 28,401 4,481 32,887 — 32,887 107,032 197,779 171,848 476,659 — 476,659 Timing of revenue recognition At a point in time 107,032 197,544 146,991 451,567 — 451,567 Over time — 235 24,857 25,092 — 25,092 107,032 197,779 171,848 476,659 — 476,659 * include revenues from fabrication service contracts, and sale of other wires and cables products. Year ended North Thailand ROW Total Corporate Consolidated US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 Revenue from external customers Power — 48,851 78,779 127,630 — 127,630 Enamel 73,179 57,971 — 131,150 — 131,150 Fabrication — 33,101 — 33,101 — 33,101 Others* 20 3,724 17,939 21,683 — 21,683 73,199 143,647 96,718 313,564 — 313,564 Timing of revenue recognition At a point in time 73,199 143,463 86,050 302,712 — 302,712 Over time — 184 10,668 10,852 — 10,852 73,199 143,647 96,718 313,564 — 313,564 * include revenues from SDI service contracts (which amounted to US$15.6 million in 2020), fabrication service contracts, and sale of other wires and cables products. 5(e) Disaggregated revenues and geographical information (continued) (ii)Revenue from external customers is attributed to individual countries based on the customer’s country of domicile and is summarized as follows: For the year ended Current period end 2022 2021 2020 US$’000 US$’000 US$’000 Revenues from external customers Thailand 153,164 168,773 128,868 Singapore 118,789 95,116 44,477 Australia 60,299 67,652 45,161 China, Hong Kong, and Taiwan 82,187 118,219 77,411 India 779 1,248 2,860 Southeast Asia 18,663 25,643 14,774 Northeast Asia 12 8 13 433,893 476,659 313,564 Countries in the Southeast Asia region include Cambodia, Vietnam, Indonesia, Brunei, Laos, Malaysia and Myanmar; countries in the Northeast Asia region include Japan and South Korea. (iii) Major customer information Revenue from one customer in the ROW region amounted to $66,858 in 2022 represented 15.41% of 2022 consolidated revenue. Revenue from one customer in the ROW region amounted to $56,579 in 2021 represented 11.87% of 2021 consolidated revenue. Revenue from one customer in the Thailand region amounted to $33,494 in 2020 represented 10.68% of 2020 consolidated revenue. 5(f) Non-current assets information The total non-current assets other than financial instruments and deferred tax assets broken down by the country of domicile are summarized as follow: As of December 31, 2022 2021 US$’000 US$’000 Non-current assets by country: Thailand 37,653 40,423 Singapore 5,304 5,601 China, Hong Kong, and Taiwan 10,313 10,725 Australia 7,141 7,815 Other 207 71 Total non-current assets 60,618 64,635

MATERIAL PARTLY-OWNED SUBSIDIAR

MATERIAL PARTLY-OWNED SUBSIDIARIES	12 Months Ended
	Dec. 31, 2022
Disclosure of subsidiaries [abstract]
MATERIAL PARTLY-OWNED SUBSIDIARIES	MATERIAL PARTLY-OWNED SUBSIDIARIES 6(a) Material subsidiaries Our Company has subsidiaries with material non-controlling interests (“NCI”). Information regarding the subsidiaries is as follows: Proportion of equity interest held by NCI: Country of incorporation and operation As of December 31, Name 2022 2021 Charoong Thai and its subsidiaries (“CTW Consolidated”) Thailand 49.07 % 49.07 % SYE China 31.25 % 31.25 % From our Company perspective, SYE is considered an entity with material non-controlling interests and should be separated from CTW Consolidated. SYE ceased production at the end of October of 2019 and has been restructured as a trading company in Shanghai that supplies mainly transformer, motor and coil manufacturers in the eastern part of China. 6(b) Summarized financial information about the subsidiaries The summarized financial information of the subsidiaries is provided below. This information is based on amounts before inter-company eliminations: Summarized statements of comprehensive income CTW consolidated For the year ended December 31, 2022 2021 2020 US$’000 US$’000 US$’000 Revenue 171,846 197,786 143,647 Profit/(loss) before tax 2,063 (16,038) 11,793 Income tax expense (420) 4,223 (2,344) Profit/(loss) for the year 1,643 (11,815) 9,449 Other comprehensive loss (3,696) (12,699) (1,406) Total comprehensive (loss)/income (2,053) (24,514) 8,043 Profit/(loss) attributable to non-controlling interests 806 (5,815) 4,631 Dividends paid to non-controlling interests 563 2,815 1,228 Summarized statements of comprehensive income SYE For the year ended December 31, 2022 2021 2020 US$’000 US$’000 US$’000 Revenue — 530 6,291 Profit/(loss) before tax 90 (497) (1,161) Income tax expense — — — Profit/(loss) for the year 90 (497) (1,161) Other comprehensive (loss)/income (56) 17 84 Total comprehensive loss 34 (480) (1,077) Loss attributable to non-controlling interests 28 (155) (363) Dividends paid to non-controlling interests — — — Summarized balance sheets CTW consolidated SYE As of December 31, As of December 31, 2022 2021 2022 2021 US$’000 US$’000 US$’000 US$’000 Current assets 127,855 141,282 375 565 Non-current assets 54,899 59,547 1,058 1,266 Current liabilities (45,909) (68,142) (772) (1,204) Non-current liabilities (16,677) (8,477) — — Total equity 120,168 124,210 661 627 Equity attributable to: Equity holders of the parent 61,202 63,260 454 431 Non-controlling interests 58,966 60,950 207 196 6(b) Summarized financial information about the subsidiaries (continued) Summarized cash flow information CTW consolidated For the year ended December 31, 2022 2021 2020 US$’000 US$’000 US$’000 Operating 7,657 (37,392) 19,713 Investing (951) (2,496) (10,952) Financing (7,726) 42,981 (5,118) Effect of changes in exchange rate on cash (1,008) (3,333) (87) Net (decrease) increase in cash and cash equivalents (2,028) (240) 3,556 Summarized cash flow information SYE For the year ended December 31, 2022 2021 2020 US$’000 US$’000 US$’000 Operating (265) 318 (1,844) Investing 230 65 278 Financing — (1,226) (769) Effect of changes in exchange rate on cash (36) 16 98 Net decrease in cash and cash equivalents (71) (827) (2,237)

INCOME AND EXPENSES ITEMS

INCOME AND EXPENSES ITEMS	12 Months Ended
	Dec. 31, 2022
Analysis of income and expense [abstract]
INCOME AND EXPENSES ITEMS	INCOME AND EXPENSES ITEMS 7(a) Other operating income 2022 2021 2020 US$’000 US$’000 US$’000 Gain on disposal of investment property 271 — — Gain on disposal of assets classified as held for sale 240 — — Gain on disposal of property, plant, and equipment 132 318 239 Rental income 254 179 199 Reversal of allowance for other receivable — — 80 Reversal of allowance for trade receivables for related parties 1 — 11 Reversal of allowance for trade receivable — — — Other operating income – others 129 90 285 Total other operating income 1,027 587 814 7(b) Other operating expenses 2022 2021 2020 US$’000 US$’000 US$’000 Allowance for trade receivables 509 205 124 Allowance for trade receivables for related parties — 15 — Impairment of property, plant, and equipment — 7 4 Other operating expenses – others 3 — 1 Total other operating expenses 512 227 129 7(c) Finance costs 2022 2021 2020 US$’000 US$’000 US$’000 Interest on debts and borrowings 1,408 1,027 536 Interest on leases liabilities 80 70 79 Total interest expenses 1,488 1,097 615 Banking charges 162 154 129 Total finance costs 1,650 1,251 744 7(d) Finance income 2022 2021 2020 US$’000 US$’000 US$’000 Interest income 120 123 320 Total finance income 120 123 320 7(e) Other income 2022 2021 2020 US$’000 US$’000 US$’000 Government grants 639 271 973 Net gain on financial instruments 33 259 3 Dividend income 97 106 108 Other income 120 35 89 Total other income 889 671 1,173 The government grants for year 2020 due to the COVID-19 epidemic is US$882K. 7(f) Other expenses 2022 2021 2020 US$’000 US$’000 US$’000 Others 3 1 1 Total other expenses 3 1 1 7(g) Depreciation, amortization and lease expense included in the consolidated income statements 2022 2021 2020 US$’000 US$’000 US$’000 Included in cost of sales: Depreciation – tangible assets 4,278 3,863 3,893 Depreciation – right of use assets 133 127 121 Amortization – intangible assets 24 21 19 Lease expenses 1 1 2 Included in selling expenses: Depreciation – tangible assets 116 108 92 Depreciation – right of use assets 167 144 113 Amortization – intangible assets — — 1 Lease expenses 1 1 1 Included in general and administrative expenses: Depreciation – tangible assets 538 619 590 Depreciation – right of use assets 382 390 387 Amortization – intangible assets 21 26 42 Depreciation – investment property 176 196 144 Lease expenses 12 4 14 5,849 5,500 5,419 7(h) Employee benefits expenses 2022 2021 2020 US$’000 US$’000 US$’000 Included in cost of sales: Wages and salaries 12,555 14,088 13,065 Labor and health insurance costs 79 77 71 Pension costs 886 828 736 Other employment benefits 734 843 702 Included in selling expenses: Wages and salaries 3,881 4,191 3,557 Labor and health insurance costs 9 8 7 Pension costs 337 360 300 Other employment benefits 25 36 14 Included in general and administrative expenses: Wages and salaries 7,950 8,435 8,861 Labor and health insurance costs 103 104 89 Pension costs 608 661 640 Director fees 412 587 1,065 Other employment benefits 138 222 186 Total employee benefits expenses 27,717 30,440 29,293 The accrued compensation and retirement benefits for expatriates were included in employee benefits expenses and in accruals.

INCOME TAX

INCOME TAX	12 Months Ended
	Dec. 31, 2022
Major components of tax expense (income) [abstract]
INCOME TAX	INCOME TAX Under current Bermuda law, APWC is not subject to tax on income or capital gains, nor is withholding tax of Bermuda imposed upon payments of dividends by APWC to its shareholders. APWC’s investments in the Operating Subsidiaries are held through subsidiaries incorporated in the British Virgin Islands (“BVI”). Under current BVI law, dividends from the BVI subsidiaries’ investments are not subject to income taxes and no withholding tax is imposed on payments of dividends by the BVI subsidiaries to APWC. The Operating Subsidiaries and equity investees are governed by the income tax laws of Singapore, Thailand, Australia, the PRC and Taiwan. The corporate income tax rate in Singapore was 17% for each of the three years ended December 31, 2022, and there is no withholding tax on dividends applicable to our Company. For Thailand, the statutory corporate income tax rate was 20% for each of the three years ended December 31, 2022 and a withholding tax of 10% is levied on dividends received by our Company. Charoong Thai is listed on Stock Exchange of Thailand (“SET”). In Australia, the corporate income tax rate was 30% for 2019/2020, 2020/2021 and 2021/2022 tax years. The applicable corporate income tax rate for the subsidiaries in the PRC was 25% for each of the three years ended December 31, 2022. In Taiwan, the corporate income tax rate was 20% for each of the three years ended December 31, 2022. Dividends received from the Operating Subsidiaries and equity investees may be subjected to withholding taxes. Under the current Singapore corporate tax system, dividends paid by a Singapore resident company is tax exempt, and is not subject to withholding taxes. In Australia, dividends paid to non-residents are exempt from dividend withholding taxes except when dividends are paid out of profit that is not taxed by Australian income tax (i.e. unfranked dividends). For Thailand, dividends paid by a company to any individual or corporate payee overseas are subject to a withholding tax of 10%. Under the Corporate Income Tax Law of the PRC, dividend distribution of profits to foreign investor(s) is subject to withholding tax of 10%. In Taiwan , the dividends or profit distributed to non-resident shareholders are subject to 21% withholding tax. The major components of income tax (benefits) expenses for the years ended December 31, 2022, 2021 and 2020 are: 2022 2021 2020 US$’000 US$’000 US$’000 Consolidated income statements Current income tax: Current income tax charge 3,547 3,078 3,376 Previously unrecognized tax loss or temporary difference used to reduce current income tax (697) (96) (89) Adjustments for current income tax of prior years (54) — (1) Total current income tax 2,796 2,982 3,286 Deferred tax expenses/(benefits): Relating to origination and reversal of temporary differences 12 (4,327) 782 Previously unrecognized tax loss or temporary difference used to reduce deferred tax expenses — — (52) Total deferred tax expenses/(benefits) 12 (4,327) 730 Income tax expenses (benefit) reported in the income statement 2,808 (1,345) 4,016 Consolidated statements of comprehensive income Deferred tax related to items recognized in other comprehensive income during the year: Change in the fair value of equity instrument measured at fair value through other comprehensive income Recognized during the year (270) 147 (358) Effect of change in tax rate — — — Net income on actuarial gains and losses Recognized during the year 147 112 40 Effect of change in tax rate — — — Income tax (benefit) expense charged to other comprehensive income (loss) (123) 259 (318) APWC is incorporated in Bermuda, which does not have a statutory tax rate. The provision for income taxes differs based on the tax incurred by the Operating Subsidiaries, in their respective jurisdiction. Our Company determines its statutory tax rate based on its major commercial domicile that is its subsidiaries in Thailand. The reconciliation of difference between tax computed at the statutory tax rate and income tax (benefits) expenses reported in the consolidated income statement is as follows: 2022 2021 2020 US$’000 US$’000 US$’000 Profit/(loss) before tax 7,565 (9,857) 7,725 Tax at statutory rate of 20% (2021: 20%; 2020: 20%) 1,513 (1,971) 1,545 Foreign income taxed at different rate 1,332 1,465 1,100 Expenses not deductible for tax purpose 241 94 255 Utilization of previously unrecognized tax losses/temporary differences (697) (96) (89) Tax benefit arising from previously unrecognized tax losses — — (52) Net deferred tax asset not recognized 382 327 1,151 Written-off deferred tax — — — Tax exempt on income (65) (99) (57) Uncertain tax position (102) (1,173) (273) Return to provision adjustment (54) — (1) Deferred tax liability arising from undistributed earnings 96 (309) 270 Withholding tax on dividends 163 452 163 Others (1) (35) 4 Income tax expense/(benefit) reported in consolidated income statement 2,808 (1,345) 4,016 Deferred tax Deferred tax relates to the following: Consolidated balance sheet Consolidated income statement As of December 31, For the year ended Decembers 31, 2022 2021 2022 2021 2020 US$’000 US$’000 US$’000 US$’000 US$’000 Outside basis differences (3,886) (3,790) 96 (309) 270 Revaluations of financial assets at fair value through other comprehensive income (198) (469) — — — Accrued interest income — — — — (172) Unutilized building allowance (net) (8) (21) (13) 9 (24) Unused tax losses 1,373 204 (1,158) (162) 481 Allowance for doubtful accounts 46 167 113 105 (21) Inventory impairment 2,897 3,170 150 (2,914) 137 Rebates and other accrued liabilities 661 617 (85) (170) (17) Unpaid retirement benefits 1,281 1,327 — 26 41 Deferred revenue and cost of sales 19 30 10 (15) 5 Actuarial loss 498 644 — — — Unabsorbed depreciation 588 731 90 (67) 9 Provision for loss on onerous sale contract — 860 817 (897) — Leases 36 48 9 3 (1) Others (361) (382) (17) 64 22 Deferred tax expenses/(benefits) 12 (4,327) 730 Net deferred tax assets 2,946 3,136 Reconciliation of deferred tax assets, net 2022 2021 2020 US$’000 US$’000 US$’000 Opening balance as of January 1 3,136 (519) (200) Tax (expense)/benefit during the period recognized in profit or loss (12) 4,327 (730) Tax benfit/(expense) during the period recognized in other comprehensive income 123 (259) 318 Exchange difference on translation foreign operations (301) (413) 93 Closing balance as of December 31 2,946 3,136 (519) Our Company offset tax assets and liabilities if and only if it has legally enforceable right to set off current tax assets and current tax liabilities and the deferred tax assets and deferred tax liabilities related to income taxes levied by the same tax authority. Our Company has available unused net operating losses which arose in Thailand, China, Hong Kong, Singapore and Taiwan as of December 31, 2022 and 2021, that may be applied against future taxable income and that expire as follows respectively: As of December 31, Year of expiration 2022 2021 US$’000 US$’000 2022 — 2,090 2023 4,054 4,353 2024 2,955 3,156 2025 1,773 1,912 2026 3,011 3,184 2027 5,887 — 2032 184 — No expiration 2,796 550 20,660 15,245 Deferred tax assets have not been recognized in respect of these losses as they may not be used to offset taxable profits elsewhere in our Company, as they have arisen in subsidiaries that have been loss-making for some time, and there are no other tax planning opportunities or other evidence of recoverability in the near future. Our Company did not recognize deferred tax assets of $3,017 (2021: $3,183; 2020: $3,751) in respect of tax losses amounting to $13,796 (2021: $14,228; 2020: $17,028). In addition, our Company did not recognize deferred assets of $952 (2021: $1,675; 2020: $1,866) in relation to deductible temporary differences amounting to $4,881 (2021: $8,931; 2020: $9,683). There are no income tax consequences attached to the payment of dividends in 2022 or 2021 by APWC to its shareholders. As of December 31, 2022 and 2021, our Company is subject to taxation in PRC, Australia, Thailand, and Singapore. Our Company’s tax years from 2012 and forward are still subject to examination by the tax authorities in various tax jurisdictions. A reconciliation of the beginning and ending amounts of uncertain tax position is as follows: Change in Uncertain Tax Positions 2022 2021 2020 US$’000 US$’000 US$’000 Balance as of January 1 28 339 451 Decrease due to lapses in statute of limitations (26) (312) (144) Exchange difference (2) 1 32 Balance as of December 31 — 28 339 Our Company is not expecting there would be any reasonably possible change in the total amounts of uncertain tax position within twelve months of the reporting date. As of December 31, 2022, 2021, and 2020 the amount of uncertain tax position (excluding interest and penalties) included in the consolidated balance sheets that would, if recognized, affect the income tax expenses is $nil, $28 and $339, respectively. Our Company recognized interest expense and penalties related to income tax matters as a component of income tax expense. The amount of related interest and penalties our Company has provided as of the dates listed below were: As of December 31, 2022 2021 2020 US$’000 US$’000 US$’000 Accrued interest on uncertain tax position — 46 597 Accrued penalties on uncertain tax position — 28 339 Total accrued interest and penalties on uncertain tax position — 74 936 For the years ended December 31, 2022, 2021 and 2020, our Company recognized $nil, $5 and $61 in interest and $nil, $nil and $nil in penalty, respectively. For the years ended December 31, 2022, 2021 and 2020, our Company reversed $42, $568 and $227 in interest and $26, $318 and $72 in penalties, respectively, due to lapses in statute of limitations. For the years ended December 31, 2022, 2021 and 2020, the exchange difference $(4), $12 and $50 relating to interests, $(2), $7 and $27 relating to penalty were included in income tax expenses. Our Company considers each uncertain tax positions individually, by first consider whether each position taken in the tax return is probable of being sustained on examination by the taxing authority. It should recognize a liability for each item that is not probable of being sustained. The liability then is measured using a single best estimate of the most likely outcome. The uncertain tax positions presented in the current tax liability is the total liability for uncertain tax positions.

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	12 Months Ended
	Dec. 31, 2022
Earnings per share [abstract]
EARNINGS (LOSS) PER SHARE	EARNINGS (LOSS) PER SHARE Earnings (loss) per share are calculated by dividing net profit (loss) attributable to equity holders of the parent by the weighted average number of shares outstanding during the year. APWC does not have any dilutive securities. The treasury shares transaction resulted in an immediate reduction in outstanding shares used to calculate the weighted-average common shares outstanding for both basic and diluted earnings (loss) per share. The following table sets forth the computation of basic and diluted earnings attributable to common shareholders per share: For the year ended Current period end 2022 2021 2020 US$’000 US$’000 US$’000 (except for number of shares and earnings per share) Numerator: Net profit (loss) attributable to APWC from continuing operations 3,874 (2,642) (552) Net profit (loss) attributable to APWC 3,874 (2,642) (552) Denominator: Weighted-average common shares outstanding – basic and diluted 20,020,364 13,819,669 13,819,669 Earnings (loss) per share – basic and diluted Continuing operations 0.19 (0.19) (0.04) Total earnings (loss) per share – basic and diluted 0.19 (0.19) (0.04) Income from continuing operations attributable to non-controlling interests are $883, $(5,870) and $4,261 for the years ended December 31, 2022, 2021 and 2020, respectively.

CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS	12 Months Ended
	Dec. 31, 2022
Cash and cash equivalents [abstract]
CASH AND CASH EQUIVALENTS	CASH AND CASH EQUIVALENTS As of December 31, 2022 2021 US$’000 US$’000 Cash on hand and cash at banks 54,017 44,507 Bank overdrafts — (1,995) Balances per statement of cash flows 54,017 42,512 Term deposits are presented as cash equivalents if they have a maturity of three months or less from the date of acquisition. Other short-term deposits are presented as other receivables if they are pledged, or if they have a maturity over three months from the date of acquisition.

FINANCIAL ASSETS AND FINANCIAL

FINANCIAL ASSETS AND FINANCIAL LIABILITIES	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about financial instruments [abstract]
FINANCIAL ASSETS AND FINANCIAL LIABILITIES	FINANCIAL ASSETS AND FINANCIAL LIABILITIES 11(a) Other financial assets and liabilities As of December 31, 2022 2021 US$’000 US$’000 Financial assets at fair value through other comprehensive income Equity instrument (Note 11(d)) 1,553 2,929 1,553 2,929 Financial assets at fair value through profit or loss Foreign exchange forward contracts (Note 11(c)) 39 249 39 249 (i) Financial assets and liabilities at fair value through profit or loss Financial assets and liabilities at fair value through profit or loss reflect the changes in fair value of those foreign exchange forward contracts that are not designated in hedge relationships, but are intended to reduce the level of foreign currency risk for expected sales and purchase transactions. (ii) Financial assets at fair value through other comprehensive income - unquoted equity instrument On January 1, 2018, the date of initial application of IFRS 9, our Company elected to reclassify its unquoted equity instrument in Thai Metal Processing Co., Ltd (“TMP”), which is engaged in the fabrication of copper rods, from financial assets – available-for-sale to financial assets at fair value through other comprehensive income due to the investment being hold as a long-term strategic investment and not expected to be sold in the short to medium term. During the years ended December 31, 2022, 2021, and 2020, our Company received dividends of $97, $106, and $108 from TMP, respectively, which were recorded in other income (Note 7(e)) in the consolidated income statements. 11(b) Interest-bearing loans and borrowings Under the line of credit arrangements for short-term debt with our Company’s banks, our Company may borrow up to approximately $254,851 and $270,094 as of December 31, 2022 and 2021, respectively, on such terms as our Company and the banks may mutually agree upon. These arrangements do not have termination dates but are reviewed annually for renewal. As of December 31, 2022 and 2021, the unused portion of the credit lines was approximately $162,074 and $153,250, respectively, which included unused letters of credit amounting to $84,586 and $66,820, respectively. Letters of credit are issued by our Company in the ordinary course of business through major financial institutions as required by certain vendor contracts. As of December 31, 2022 and 2021, our Company had open letters of credit amounting to $38,256 and $50,633, respectively. Liabilities relating to the opened letters of credit are included in current liabilities. Certain of our loan agreements contain covenants that, if violated, could result in the obligations under these agreements becoming due prior to the originally scheduled maturity dates. Our Company was in compliance with these covenants requirements as of December 31, 2022 and 2021. Interest bearing loans and borrowings are including current portion $45,576 and $62,083 as of December 31, 2022 and 2021, respectively. As of December 31, 2022 2021 Interest rate Maturity Local currency Interest rate Maturity Local currency % ‘000 US$’000 % ‘000 US$’000 Interest-bearing loans and borrowings Bank loans (including bank overdrafts US$1,995 in 2021) 4.94 Mar. 2044 AUD$4,589 3,113 3.07 Mar. 2044 AUD$7,458 5,410 Bank loans 4.50 ~ 4.90 Jul . 2023 RMB$30,100 4,321 3.85 ~ 4.53 Jul . 2022 RMB$41,751 6,552 Bank loans 5.42 Dec. 2023 SGD$6,000 4,470 1.98 Dec. 2022 SGD$5,000 3,696 Bank loans 2.23 Feb. 2024 THB$312,602 9,100 — — — — Trust receipt 1.60 ~ 2.20 Jun. 2023 THB$1,133,838 33,006 0.70 ~ 3.30 Jun. 2022 THB$1,648,835 49,729 Trust receipt 5.04 ~ 5.81 Apr. 2023 SGD$4,994 3,721 — — — — Total 57,731 65,387 11(c) Hedging activities and derivatives (i) Commodity price risk Our Company purchases copper on an ongoing basis as its operating activities require a continuous supply of copper for manufacturing products. To reduce the exposures to copper shortage, our Company enters into purchase contracts with commitment of monthly minimum purchase at market prices for selected operating units. The majority of these transactions take the form of contracts that are entered into and continue to be held for the purpose of receipt or delivery of the copper based on our Company’s expected purchase, sale or usage requirements. Such purchase commitment contracts are not deemed financial instruments or derivatives. To date, these contract positions have not had a material effect on our Company’s financial position, results of operations, and cash flow. (ii) Foreign currency risk Our Company enters into foreign exchange forward contracts with the intention to reduce the foreign exchange risk of expected sales and purchase transactions. These contracts are entered into the periods consistent with foreign currency exposure of the underlying transaction, generally from one to 12 months. These contracts are not designated in hedge relationships, and are measured at fair value through profit or loss. As of December 31, 2022 and 2021, our Company had outstanding forward contracts with notional amounts of $(10.5) million and $(42.1) million, respectively. The outstanding forward contracts at December 31, 2022 mature between January 5, 2023 and February 29, 2024, respectively. Our Company recognized gain (loss) on forward contracts as other income (expenses) – refer to Note 7(e) and Note 7(f). The forward contract balance varies with the expected foreign currency transactions and changes in foreign exchange rate. 2022 2021 Assets Liabilities Assets Liabilities US$’000 US$’000 US$’000 US$’000 Foreign currency forward contracts Fair value 39 6 249 — 11(d) Fair values Set out below is a comparison of the carrying amounts and fair value of our Company’s financial instruments that are carried in the financial statements: Carrying amount Fair value As of December 31, As of December 31, 2022 2021 2022 2021 US$’000 US$’000 US$’000 US$’000 Financial assets-current Financial assets at amortized cost Cash and cash equivalents 54,017 44,507 54,017 44,507 Financial assets at fair value at fair value through profit 39 249 39 249 Trade receivables 81,982 103,564 81,982 103,564 Other receivables 2,397 2,648 2,397 2,648 Due from related parties 11,018 13,965 11,018 13,965 Financial assets-non-current Financial assets at fair value through other comprehensive income 1,553 2,929 1,553 2,929 Financial assets at amortized cost Long-term bank deposits* 1,354 1,725 1,354 1,725 Total 152,360 169,587 152,360 169,587 Financial liabilities-current Liabilities at amortized cost Interest-bearing loans and borrowings 45,576 62,083 45,576 62,083 Trade and other payables 39,891 44,784 39,891 44,784 Due to related parties 16,613 11,865 16,613 11,865 Accruals 21,218 23,374 21,218 23,374 Lease liabilities 627 571 627 571 Financial liabilities-non-current Liabilities at amortized cost Interest-bearing loans and borrowings 12,155 3,304 12,155 3,304 Lease liabilities 1,947 1,916 1,947 1,916 Total 138,027 147,897 138,027 147,897 * included in other non-current assets (i) Methods and assumptions used to estimate fair value The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. The following methods and assumptions were used to estimate the fair values: u Cash and cash equivalents, trade receivables, other receivables, due from related parties, trade and other payables, due to related parties, and financial lease liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments. 11(d) Fair values (continued) (i) Methods and assumptions used to estimate fair value (continued) u Fixed-rate and variable-rate receivables are evaluated by our Company based on parameters such as interest rates, specific country risk factors, individual creditworthiness of the customer and the risk characteristics of the financed project. Based on this evaluation, allowances were provided to account for the expected losses of these receivables. As of December 31, 2022 and 2021, the carrying amounts of such receivables, net of allowances, were not materially different from their calculated fair values. u Fixed rate long-term bank deposits and fixed rate and variable-rate borrowings are evaluated using discounted cash flows and the market rates or current rates for deposits of similar remaining maturities. u Fair value of financial liabilities at fair value through profit or loss - derivatives is derived from inputs other than quoted prices that are observable for the asset or liability. u Fair value of interest-bearing borrowings and loans are determined by using discounted cash flow method with discount rate that reflects the issuer’s borrowing rate as of the end of the reporting period. The non-performance risk as of December 31, 2022 was assessed to be insignificant. (ii) Description of significant unobservable inputs to valuation Valuation technique Significant unobservable inputs Liquidity discount Sensitivity of the input to fair value 2022 2021 Financial asset Unquoted equity instrument Market Approach Method Liquidity Discount 30% 5% decrease in the discount would increase in fair value by $111 5% decrease in the discount would increase in fair value by $209 Our Company estimates the fair value of investment in equity instrument by using the market approach (market comparatives approach). The key in this method is the selection of quoted comparable companies and accommodate adjustments to bring the accounts of different companies into a broadly consistent framework for analysis. Then, select appropriate Indicators of Value. The followings should be taken into account: u Enterprise Value (EV) versus Market Capitalization; u Earnings-based: EBITDA +/or EBIT versus Net Earnings +/or Net Cash Flow u Balance Sheet based: Net Total Assets versus Shareholders Funds Discount for the lack of liquidity to reflect the lesser liquidity of this equity instrument compared with those of its comparable public company peers. Our Company assessed the discount for the lack of liquidity to be 30 percent on the basis of relevant studies applicable in the region and industry as well as on the specific facts and circumstances of the equity instrument. The equity instrument’s finance performance is characterized by stable, consistent growth and profitability. Our Company believes the liquidity discount of 30% would be appropriate. 11(d) Fair values (continued) (ii) Description of significant unobservable inputs to valuation (continued) Our Company carries the equity instrument as financial assets at fair value through other comprehensive income classified as level 3 within the fair value hierarchy. A reconciliation of the beginning and closing balances is summarized below: 2022 2021 US$’000 US$’000 At January 1 2,929 2,271 Re-measurement financial assets to fair value, recognized in other comprehensive (loss) /income (1,352) 734 Exchange difference on translation (24) (76) At December 31 1,553 2,929

TRADE AND OTHER RECEIVABLES

TRADE AND OTHER RECEIVABLES	12 Months Ended
	Dec. 31, 2022
Trade and other receivables [abstract]
TRADE AND OTHER RECEIVABLES	TRADE AND OTHER RECEIVABLES As of December 31, 2022 2021 US$’000 US$’000 Trade receivables 83,319 104,405 Less: Loss allowances (1,337) (841) Trade receivable, net 81,982 103,564 Other receivables 2,397 2,683 Less: Loss allowances — (35) Other receivable, net 2,397 2,648 As of December 31, 2022 and 2021, trade receivables were all from contracts with customers. And as of January 1, 2021, the balance of trade receivables from contracts with customers was $82,071. 12(a) Movement in the loss allowance on trade receivables 2022 2021 US$’000 US$’000 At January 1 841 1,414 Charge for the year 712 383 Write-off (171) (734) Unused amounts reversed (204) (170) Currency translation adjustment (2) (65) Reclassification 161 13 At December 31 1,337 841 12(b) Aging analysis of trade receivables Past due Total Current 1-30 days 31-60 days 61-90 days 91-120 days >120 days US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 December 31, 2022 Expected loss rate 1.60% 0.09% 1.00% 2.40% 10.74% 37.04% 98.35% Gross carrying amount - trade receivables 83,319 69,607 10,166 2,127 298 27 1,094 Loss allowances 1,337 66 102 51 32 10 1,076 Trade receivable, net 81,982 69,541 10,064 2,076 266 17 18 December 31, 2021 Expected loss rate 0.81% 0.11% 0.68% 4.77% 7.14% 3.03% 53.12% Gross carrying amount - trade receivables 104,405 90,080 11,140 1,572 504 66 1,043 Loss allowances 841 98 76 75 36 2 554 Trade receivable, net 103,564 89,982 11,064 1,497 468 64 489 12(c) Accounting policy for impairment of trade receivables Our Company applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on our Company’s historical credit loss experience, adjusted to reflect current and forward-looking information on general economic conditions affecting the ability of the customers to settle the receivables. 12(d) Material collateral obtained Our Company obtained collateral in respect of doubtful receivables from customers. The collateral takes the form of a lien over the customer’s assets and gives our Company a claim on these assets for the doubtful receivables. In March 2017, a lawsuit was filed by a debtor to rescind the foreclosure that our Company has undertaken on the collateral in Thailand. Our Company’s foreclosure prevailed according to the judgement from the Appeal Court on November 28, 2017. The debtor’s petition reached to the Supreme Court on June 19, 2018, and was denied on March 27, 2019. Our Company performed a valuation to determine the fair value of the collateral. As of December 31, 2019, the fair value of the collateral was $1,339, which was lower than the amount of the associated delinquent account, and our Company recognized an impairment loss of $30 in other operating expenses, accordingly. In June 2020, the collateral was auctioned off and our Company received payment of $1,060 to settle the net amount of $1,242 owed by the customer that was net of allowance of $111. Our Company recognized an additional loss of $182 for the year ended December 31, 2020. See Note 27(b) credit risk of trade receivables for discussions on how our Company manages and measures credit quality of trade receivables that are neither past due nor impaired. 12(e) Other receivables pledged as collateral The carrying amounts of other receivables pledged as collateral against credit facilities received from financial institutions are disclosed in Note 27(e)(ii).

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2022
Classes of current inventories [abstract]
INVENTORIES	INVENTORIES As of December 31, 2022 2021 US$’000 US$’000 Raw materials and supplies 26,449 23,928 Work in progress 17,945 24,791 Finished goods 86,214 80,078 Total inventories at the lower of cost and net realizable value 130,608 128,797 Inventories recognized as an expense during the year ended 2022, 2021 and 2020 amounted to $387,227, $441,371 and $279,728 respectively. For the year ended December 31, 2022 and 2020, the amount of $1,119 and $240 were credited to cost of sales when the circumstances, such as copper price fluctuation, that caused the net realizable value of inventory to be lower than its cost no longer existed. For the year ended December 31, 2021, our Company recognized allowance for inventory of $14,136 as an expense in cost of sales for inventories carried at net realizable value.

CONTRACT ASSETS

CONTRACT ASSETS	12 Months Ended
	Dec. 31, 2022
Contract assets [abstract]
CONTRACT ASSETS	CONTRACT ASSETS 14(a) Assets related to contracts with customers As of December 31, 2022 2021 US$’000 US$’000 Contract assets - current 12,450 11,381 There were no advances received or retentions on SDI service contracts during the financial years ended December 31, 2022 and 2021. As of January 1, 2021, the balance of contract assets amounted to $10,245. The contract assets balance increased as our Company provided more services and transferred more goods ahead of the agreed payment schedules. Our Company mainly conducts its SDI services contract with customers within public sector, and the expected credit loss on contract assets is close to zero. 14(b) Unsatisfied supply, delivery, and installation (SDI) services contracts The following table shows the aggregate amount of the transaction price allocated to the unsatisfied performance obligations. As of December 31, 2022 2021 US$’000 US$’000 Unsatisfied long-term SDI contracts Expected to be recognized as revenue over 3 years 109,816 119,025

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about property, plant and equipment [abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT Land Buildings Building improvement Machinery and equipment Motor vehicle Office Construction in Total US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 Cost At January 1, 2021 6,872 52,116 7,336 100,265 5,969 7,588 15,661 195,807 Additions — — 6 406 374 761 7,109 8,656 Disposals — (37) — (7,232) (517) (474) — (8,260) Transfer — (45) 108 4,523 88 11 (4,642) 43 Exchange differences (856) (3,942) (613) (9,798) (438) (339) (1,316) (17,302) At December 31, 2021 6,016 48,092 6,837 88,164 5,476 7,547 16,812 178,944 Additions — 210 353 454 298 645 1,593 3,553 Disposals — — — (3,783) (304) (457) (5) (4,549) Transfer — 4,038 1,280 10,637 — 200 (16,155) — Exchange differences (296) (1,753) (272) (4,158) (160) (535) (840) (8,014) At December 31, 2022 5,720 50,587 8,198 91,314 5,310 7,400 1,405 169,934 Depreciation/Impairment At January 1, 2021 — (38,485) (4,856) (87,544) (3,857) (6,365) — (141,107) Depreciation charge for the year — (993) (403) (2,184) (504) (506) — (4,590) Impairment — — — (5) — (2) — (7) Disposals — 36 — 7,170 505 468 — 8,179 Transfer — 45 — — (87) — — (42) Exchange differences — 3,389 428 8,639 268 318 — 13,042 At December 31, 2021 — (36,008) (4,831) (73,924) (3,675) (6,087) — (124,525) Depreciation charge for the year — (1,069) (438) (2,434) (435) (556) — (4,932) Impairment — — — — — — — — Disposals — — — 3,783 242 452 — 4,477 Transfer — — — — — — — — Exchange differences — 1,482 194 3,557 88 438 — 5,759 At December 31, 2022 — (35,595) (5,075) (69,018) (3,780) (5,753) — (119,221) Net book value At December 31, 2022 5,720 14,992 3,123 22,296 1,530 1,647 1,405 50,713 At December 31, 2021 6,016 12,084 2,006 14,240 1,801 1,460 16,812 54,419 At January 1, 2021 6,872 13,631 2,480 12,721 2,112 1,223 15,661 54,700 15(a) Impairment of property, plant and equipment In 2022, 2021 and 2020 our Company recorded an impairment loss of $0, $7 and $202 on property, plant and equipment at Sigma Cable, Shanghai Yayang and SFO facilities. The impairment is presented within cost of sales in consolidated income statements, other operating expenses in Note 7(b), and the impairment of property, plant and equipment of ROW, North Asia and Thailand segments in Note 5. Our Company identified impairment at Sigma Cable due to lack of profitability. Our Company determined that certain machinery and equipment would not generate the expected future cash flows. The impairment test revealed that the total carrying amount of these assets was greater than their total recoverable amount. After considering the relevant objective evidence, our Company recorded an impairment loss. 15(a) Impairment of property, plant and equipment (continued) Our Company performed a valuation for utilized machinery measured at fair value less costs to sell using a cost approach due to closure of the manufacturing facilities at Shanghai Yayang. Its fair value measurement was classified as Level 3 of the fair value hierarchy. After considering the relevant evidence, the key assumption used included replacement costs, residual value and remaining useful life of these existing assets. The impairment test revealed that the recoverable amount was lower than the carrying amount. Our Company considers the market demand for SFO’s products and performed an impairment test on the CGU composed of property, plant and equipment used in the manufacturing of fiber optic cables at SFO. Our Company determined the recoverable amount of the CGU to be $0 based on the value in use. 15(b) Pledge Information about the property, plant and equipment that were pledged to others as collaterals is provided in Note 27(e) (i).

RIGHT-OF-USE ASSETS

RIGHT-OF-USE ASSETS	12 Months Ended
	Dec. 31, 2022
Disclosure of quantitative information about right-of-use assets [abstract]
RIGHT-OF-USE ASSETS	RIGHT-OF-USE ASSETS 16(a) Amounts recognized in the consolidated balance sheets As of December 31, As of December 31, 2022 2021 Right of use assets US$’000 US$’000 Land 2,211 2,533 Buildings 935 690 Motor vehicle and other asset 134 135 Office equipment 152 35 3,432 3,393 Our Company leases various assets including land, buildings, business vehicles and multifunction printers. Rental contracts are typically made for periods of 2 to 37 years. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose covenants, but leased assets may not be used as security for borrowing purposes. Additions to the right-of-use assets during the 2022 financial year were $863 (2021 : $906). 16(b) Amounts recognized in the consolidated income statements 2022 2021 Depreciation charge of right of use assets US$’000 US$’000 Land 242 289 Buildings 337 286 Motor vehicle and other asset 65 53 Office equipment 38 33 682 661 Interest expenses (included in finance cost) 80 70 Expenses relating to short-term leases 11 3 Expenses relating to lease of low-value assets that are not short-term leases 3 3 The total cash outflow for lease in 2022 was $710 (2021 : $708).

INVESTMENT PROPERTIES

INVESTMENT PROPERTIES	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about investment property [abstract]
INVESTMENT PROPERTIES	INVESTMENT PROPERTIES 17(a) Net book value of investment properties Land not being Office buildings Warehouse Land leasehold right Other Total US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 As of December 31, 2022 Cost 403 515 5,018 91 11 6,038 Less: Accumulated depreciation — (385) (397) (5) (1) (788) Net book value 403 130 4,621 86 10 5,250 As of December 31, 2021 Cost 418 716 5,366 98 — 6,598 Less: Accumulated depreciation — (516) (270) (3) — (789) Net book value 418 200 5,096 95 — 5,809 A reconciliation of the net book value of investment properties was as follow: 2022 2021 US$’000 US$’000 Net book value at January 1 5,809 6,378 Addition 12 — Disposals (30) — Depreciation (included in administrative expenses) (176) (196) Exchange difference (365) (373) Net book value at December 31 5,250 5,809 17(b) The amount recognized in profit or loss arising from the investment properties 2022 2021 2020 US$’000 US$’000 US$’000 Rental income derived from investment properties 243 170 190 Direct operating expenses (including repairs and maintenance) generating rental income (157) (174) (145) Direct operating expenses (including repairs and maintenance) that did not generate rental income (21) (23) — Net profit (loss) arising from investment properties carried at cost 65 (27) 45 Undiscounted lease payments receivable to be received during the lease terms are immaterial. 17(c) Measuring investment properties at fair value The fair value of the investment properties are stated below: As of December 31, 2022 2021 US$’000 US$’000 Land not being used for operation 10,322 10,528 Office buildings for rent 1,995 2,444 Warehouse 5,291 5,658 Land leasehold right 158 173 Other 11 — The fair value of aforementioned investment properties have been determined based on the valuation and is considered a level 3 measurement. The valuation has been made on the assumption to sell the property interests in the open market in the neighborhood without the benefit of any deferred term contract, leaseback, joint venture, management agreement or any similar arrangement, which would serve to increase the value of the property interests. The valuation adopted market comparison approach to estimate the fair market value of the properties. Under the market comparison approach, the appraisal is based on recent sales and listings of comparable property. Adjustments were made for differences between the subject property and those actual sales and listings regarded as comparable. The factors which used for considering the property valuation include the significant unobservable inputs, such as location, transportation, land uses, facilities, neighboring area, land characteristics, potential, regulations and liquidity. 17(d) Pledge Information about the investment properties that were pledged to others as collaterals is provided in Note 27(e) (i).

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about intangible assets [abstract]
INTANGIBLE ASSETS	INTANGIBLE ASSETS Computer software 2022 2021 US$’000 US$’000 Cost At January 1 696 743 Addition 62 4 Disposals — (19) Transfer — — Exchange difference (20) (32) At December 31 738 696 Accumulated amortization At January 1 (567) (563) Amortization (45) (47) Disposals — 19 Exchange difference 13 24 At Current period end (599) (567) Net book value At December 31 139 129

INVESTMENTS IN ASSOCIATES

INVESTMENTS IN ASSOCIATES	12 Months Ended
	Dec. 31, 2022
Disclosure of associates [abstract]
INVESTMENTS IN ASSOCIATES	INVESTMENTS IN ASSOCIATES 19(a) Associates of our Company Percentage of As of December 31 Company Name Nature of business Country of 2022 2021 Shandong Pacific Rubber Cable Co., Ltd. (“SPRC”) Manufacturing of rubber cable PRC 25.00% 25.00% Siam Pacific Holding Company Limited (“SPHC”) Investment & holding company Thailand 49.00% 49.00% Loxpac (Thailand) Company Limited (“Loxpac”) (Formerly known as “Loxley Pacific Co., Ltd.) Providing telecommunication service Thailand 21.39% 21.39% Loxpac Hong Kong Co., Limited (“Loxpac HK”) (Formerly known as “Loxley Pacific Hong Kong Co., Limited” ) Investment & holding company Hong Kong 23.10% 23.10% 19(b) Carrying amounts of investment in associates As of December 31, 2022 2021 US$’000 US$’000 At January 1 835 930 Share of loss of associates (1) (1) Exchange difference (29) (94) At December 31 805 835 The investments in SPRC, Loxpac and Loxpac HK have been fully impaired. 19(c) Summarized financial information for associates The following table summarized financial information of our Company’s investments in associates: As of December 31, 2022 2021 US$’000 US$’000 Summarized financial information of SPHC: Current assets 1 3 Non-current assets 1,818 1,884 Current liabilities (2) (1) Non-current liabilities (176) (182) Equity 1,641 1,704 Reconciliation to our Company’s investments in associates: Percentage of equity interest 49% 49% Carrying amount of the investment 805 835 For the year ended Current period end 2022 2021 2020 US$’000 US$’000 US$’000 Summarized financial information of SPHC: Revenue — — — Loss for the year (3) (2) (2) Reconciliation to our Company’s investments in associates: Percentage of equity interest 49% 49% 49% Share of the associates’ loss for the year: (1) (1) (1)

TRADE AND OTHER PAYABLES

TRADE AND OTHER PAYABLES	12 Months Ended
	Dec. 31, 2022
Trade and other current payables [abstract]
TRADE AND OTHER PAYABLES	20. TRADE AND OTHER PAYABLES As of December 31, 2022 2021 US$’000 US$’000 Trade payables 29,258 32,428 Other payables 10,633 12,356 39,891 44,784 Other payables included refund liabilities arising from contracts with customers, which amounted to $8,667 and $9,832 as of December 31, 2022 and 2021, respectively.

EMPLOYEE BENEFIT

EMPLOYEE BENEFIT	12 Months Ended
	Dec. 31, 2022
Disclosure of net defined benefit liability (asset) [abstract]
EMPLOYEE BENEFIT	21. EMPLOYEE BENEFIT As of December 31, 2022 2021 Current Non-current Total Current Non-current Total US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 Employee benefit liabilities Pension-Defined benefit plans 1,320 7,576 8,896 1,387 8,467 9,854 Long service leave 627 117 744 600 126 726 Total 1,947 7,693 9,640 1,987 8,593 10,580 21(a) Pension – Defined contribution plans Our Company has several defined contribution plans covering its employees in Australia, PRC, Singapore, Thailand, and Taiwan. Contributions to the plan are made monthly. Total charges for the years ended December 31, 2022, 2021 and 2020, were $1,182, $1,200, and $966, respectively. 21(b) Pension – Defined benefit plans The defined benefit liability recognized in the consolidated balance sheet in respect to defined benefit plans is the present value of the defined benefit obligation at the end of the reporting period, together with adjustments for past service costs and actuarial gains or losses. The defined benefit obligation is calculated annually by independent actuaries using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows using future actuarial assumptions about demographic and financial variables that affect the determination of the amount of such benefits. In accordance with the Thailand labor law, Charoong Thai and its subsidiaries are obliged to make payment to retiring employees, at rates of 1 to 13 times of their final month’s salary rate, depending on the length of service. In addition, Charoong Thai also has the extra benefit plan to make payment to qualified retiring employees, at rates of 1 to 26 times of final month's salary. The plan is not funded. Our Company pays to settle the obligations as and when employees retire. 21(b) Pension – Defined benefit plans (continued) The following tables summaries the components of net benefit expense recognized in the income statement and the funded status and amounts recognized in the consolidated balance sheet for the plan: For the year ended December 31, Net benefit cost 2022 2021 2020 US$’000 US$’000 US$’000 Current service cost 447 519 562 Past service cost 48 — — Interest cost on benefit obligation 154 127 147 Net benefit cost 649 646 709 For the year ended December 31, Other comprehensive income 2022 2021 2020 US$’000 US$’000 US$’000 Actuarial (gain) / loss – experience (263) 140 (328) Actuarial loss / (gain) – demographic assumption 74 (23) (1) Actuarial (gain) / loss – financial assumption (543) (676) 130 Actuarial gain (732) (559) (199) For the year ended December 31, Change in the defined obligation 2022 2021 2020 US$’000 US$’000 US$’000 Defined benefit obligation at January 1 9,854 11,300 11,742 Current service cost 447 519 562 Past service cost 48 — — Interest cost on benefit obligation 154 127 147 Benefits paid directly by our Company (653) (746) (954) Actuarial gain in other comprehensive income (732) (559) (199) Exchange differences (222) (787) 2 Defined benefit obligation at December 31 8,896 9,854 11,300 Actuarial assumptions The significant assumptions used in determining the actuarial present value of the defined benefit obligations for the year ended December 31, 2022 and 2021 are as follows: 2022 2021 % % Discount rate 2.5-2.7 1.9 Rate of salary increase 5.0~6.0 5.0~6.0 Pre-retirement mortality * Thailand TMO17 Tables * Thailand TMO17 Tables * TMO represented as Thailand Mortality Ordinary Tables 21(b) Pension – Defined benefit plans (continued) Maturity profile of defined benefit obligation The following pension benefit payments are expected payments to be made in the future years out of the defined benefit plan obligation: As of December 31, 2022 2021 US$’000 US$’000 Within the next 12 months (next annual reporting period) 1,320 1,387 Between 2 and 5 years 1,936 1,770 Between 6 and 10 years 4,101 4,345 Total expected payments 7,357 7,502 Weighted average duration of defined benefit obligation 9 years 9 years Sensitivity analysis A one-percentage point change in the assumed rates would have yielded the following effects: 2022 2021 US$’000 US$’000 Discount rate – 1% increase (699) (817) Discount rate – 1% decrease 818 960 Rate of salary increase – 1% increase 782 912 Rate of salary increase – 1% decrease (685) (796) The sensitivity result above determines their individual impact on the plan’s year-end defined benefit obligation. In reality, the plan is subject to multiple external experience items which may move the defined benefit obligation in similar or opposite directions, while the plan’s sensitivity to such changes can vary over time. 21(c) Long service leave The liability for long service leave is recognized in the provision for employee benefits and measured as present value of expected future payments to be made in respect of services provided by employees up to the reporting date using the projected unit credit method. Consideration is given to expected future wage and salary levels, experience of employee departures, and periods of service. Expected future payments are discounted using market yields at the reporting date on high quality corporate bond with terms to maturity and currencies that match, as closely as possible, the estimated future cash outflows. As of December 31, 2022 and 2021, the amount of long service leave obligation was $744 and $726, respectively.

OTHER CURRENT LIABILITIES

OTHER CURRENT LIABILITIES	12 Months Ended
	Dec. 31, 2022
Other Current Liabilities [Abstract]
OTHER CURRENT LIABILITIES	22. OTHER CURRENT LIABILITIES As of December 31, 2022 2021 US$’000 US$’000 Contract liabilities 1,325 612 Dividend payable 291 671 Onerous contracts provisions 2,110 9,640 Other current liabilities 1,563 3,212 Total 5,289 14,135 Other current liabilities include undue value added tax, unpaid withholding tax, and other miscellaneous liabilities. 22(a) Onerous contracts provisions For the year ended December 31, 2022 2021 US$’000 US$’000 At January 1 9,640 5,105 Recognized 498 6,241 Reversed (7,763) (1,401) Exchange differences (265) (305) At December 31 2,110 9,640 22(b) Contract Liabilities As of December 31, 2022 2021 2020 US$’000 US$’000 US$’000 Current contract liabilities Advance from customers 1,222 511 156 Custodial service 47 50 44 Transportation service 56 51 59 Total current contract liabilities 1,325 612 259 Our Company recognizes contract liabilities when it receives advance payments from customers before performance obligations have been performed. 22(b) Contract Liabilities (continued) Revenue recognized in relation to contract liabilities For the year ended December 31, 2022 2021 US$’000 US$’000 Revenue recognized that was included in the contract liabilities balance at the beginning of the year Advance from customers 511 156 Custodial service 49 40 Transportation service 49 44 609 240

EQUITY

EQUITY	12 Months Ended
	Dec. 31, 2022
Disclosure of classes of share capital [abstract]
EQUITY	23. EQUITY 23(a) Common shares As of December 31, 2022 2021 Authorized shares Number of shares Number of shares Common shares of US$0.01 each 50,000,000 50,000,000 Common shares issued and fully paid Number of shares US$’000 At January 1, 2021 13,830,769 138 At December 31, 2021 13,830,769 138 Issuance of common shares 6,796,558 68 At December 31, 2022 20,627,327 206 Treasury shares Number of shares US$’000 At January 1, 2021 11,100 38 At December 31, 2021 11,100 38 At December 31, 2022 11,100 38 APWC announced the completion of the rights offering on February 2, 2022, which was issued and sold an aggregate of 6,796,558 common shares pursuant to the exercise of subscription rights, raising net proceeds of $7.9 million after deducting offering expenses. Following the completion of the rights offering, APWC had 20,627,327 common shares issued and 11,100 common shares were repurchased and held by the Company as treasury shares. 23(b) Dividends On November 11, 2016, APWC announced that the Board of Directors approved the implementation of a dividend policy as part of APWC's ongoing commitment to increasing shareholder value and return on investment. Pursuant to the dividend policy, subject to review and approval by the Board of Directors, APWC may pay cash dividends of at least 25% of its net post-tax audited consolidated profits attributable to shareholders. As APWC is a holding company, its ability to pay dividends is dependent upon distributions that it receives from its operating subsidiaries and affiliates, which are subject to a number of factors including operating results, capital requirements, expansion plans, debt covenants, business prospects, consideration for non-recurring items and other factors that are deemed relevant from time to time by the respective boards of our subsidiaries and affiliates. The dividend policy will be reviewed on an ongoing basis and updated at the discretion of the Board of Directors as business circumstances and available capital and capital requirements may change. APWC did not declare or pay dividends distributed to owners for the years ended December 31, 2022, 2021 and 2020. 23(c) Other comprehensive income – net of tax The disaggregation of changes of other comprehensive income by each type of reserve in equity is shown below: For the year ended December 31, 2022 Remeasurement Financial Foreign Total US$’000 US$’000 US$’000 US$’000 Exchange difference on translation of foreign operations — — (9,506) (9,506) Re-measuring gains on defined benefit plans 585 — — 585 Changes in fair value of financial assets at fair value through other comprehensive income — (1,082) — (1,082) 585 (1,082) (9,506) (10,003) For the year ended December 31, 2021 Remeasurement Financial Foreign Total US$’000 US$’000 US$’000 US$’000 Exchange difference on translation of foreign operations — — (15,028) (15,028) Re-measuring gains on defined benefit plans 447 — — 447 Changes in fair value of financial assets at fair value through other comprehensive income — 587 — 587 447 587 (15,028) (13,994) For the year ended December 31, 2020 Remeasurement Financial Foreign Total US$’000 US$’000 US$’000 US$’000 Exchange difference on translation of foreign operations — — 5,211 5,211 Re-measuring losses on defined benefit plans 159 — — 159 Changes in fair value of financial assets at fair value through other comprehensive income — (1,431) — (1,431) 159 (1,431) 5,211 3,939

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2022
Related party transactions [abstract]
RELATED PARTY TRANSACTIONS	24. RELATED PARTY TRANSACTIONS The related parties are defined as affiliates of our Company; entities for which investments are accounted for by the equity method by our Company; the principal owners of our Company; its management; members of the immediate families of the principal owners of our Company and its management. Moon View Venture Limited (“Moon View”), PEWC, Singapore Branch, PEWC Singapore Co. (Pte) Ltd., Taiwan Submarine Cable Co., Ltd, and PEWC (HK) are controlled by PEWC. Moon View is the immediate holding company of our Company. Italian-Thai Development Public Company Limited (“Italian-Thai”) is the non-controlling shareholder of one of our Company’s operating subsidiaries in Thailand. SPHC is one of our Company’s equity investees. Fujikura Limited is a non-controlling shareholder of one of our Company’s operating subsidiaries in Thailand. 24(a) Outstanding balance with related parties The following table provided the total amount of outstanding balance at December 31, 2022 and 2021. As of December 31, 2022 2021 US$’000 US$’000 Amounts due from related parties The ultimate parent company PEWC 147 24 PEWC, Singapore Branch 5 21 PEWC (HK) 4,177 7,204 Taiwan Submarine Cable Co., Ltd 65 — Associate SPHC 170 176 Non-controlling shareholder of subsidiary Italian-Thai and its affiliates 6,454 6,540 11,018 13,965 Amounts due to related parties The ultimate parent company PEWC 14,814 10,075 PEWC Singapore Co. (Pte) Ltd. 400 400 PEWC (HK) 26 16 Associate SPHC 1,362 1,362 Others 11 12 16,613 11,865 Contract liabilities The ultimate parent company PEWC 137 — On July 10, 2020, APWC entered into a secured loan agreement with PEWC as lender. In August 2020, we borrowed the principal amount of $6 million under the Secured Loan from PEWC, pledging our Company’s 98.3% ownership stake in Sigma Cable as collateral. This loan was a straight loan with a fixed interest rate of 3% per annum. In June 2021, such loan was repaid in full to PEWC, and the facility was terminated. 24(b) Transactions with related parties The transactions undertaken with related parties are summarized as follows: For the year ended December 31, 2022 2021 2020 US$’000 US$’000 US$’000 The ultimate parent company PEWC Purchases 24,914 20,359 5,742 Sales — 5,254 90 Fabrication income received — 25 — Construction income received 3 — — Management fee received 10 — — Management fee paid 172 153 133 Information technology service fee paid 120 113 123 Training fee paid — 110 — Interest expenses paid — 91 60 Rental fee paid 18 — — Materials purchased for interior office redecorating 8 — — PEWC, Singapore Branch Management fee received — 14 14 PEWC Singapore Co. (Pte) Ltd. Interest expenses paid — — 12 PEWC (HK) Sales 18,309 25,127 17,004 Service fee paid 156 219 209 Non-controlling shareholder of subsidiary Italian Thai and its affiliates Sales 8,772 6,613 5,344 Construction of factory building expenses — 1,651 3,436 Others Fabrication cost 277 350 238 24(c) Terms and condition of transactions with related parties The sales to and purchases from related parties are based on negotiation by the entities. Outstanding balances at the year-end are unsecured and interest free. There have been no guarantees provided or received for any related party receivables or payables. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2022
Disclosure of contingent liabilities [abstract]
COMMITMENTS AND CONTINGENCIES	25. COMMITMENTS AND CONTINGENCIES 25(a) Purchase commitments As of December 31, 2022 and 2021, our Company had commitments to purchase raw materials totaling $191 million to $225 million and $219 million to $262 million (22,375 to 26,255 metric tons and 22,252 to 26,652 metric tons), respectively, from third parties at the prices stipulated in the contracts. 25(b) Capital commitments As of December 31, 2022 and 2021, our Company had capital commitment relating to the construction of factory building improvement and acquisition of machinery, totaling $0.7 million and $0.9 million, respectively. 25(c) Guarantees As of December 31, 2022 and 2021, APWC provided a corporate guarantee not exceeding the sum of $25 million and $25 million, respectively, for the bond performance and banking facility of Sigma Cable. As of December 31, 2022 and 2021, there were outstanding bank guarantees of $14 million and $14 million, respectively, issued by the banks on behalf of Charoong Thai and its subsidiaries in respect of certain performance bonds as required in the normal course of business of the companies. These guarantees generally expire within 1 year. 25(d) Service commitments

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	12 Months Ended
	Dec. 31, 2022
Disclosure Of Fair Value Measurement Of Assets Liabilities [Abstract]
FAIR VALUE MEASUREMENT	26. FAIR VALUE MEASUREMENT Fair value information: As of December 31, 2022 Fair value measurement using Total Quoted prices Significant Significant US$’000 US$’000 US$’000 US$’000 Financial assets (liabilities) - derivatives (Note 11.(a)) Foreign exchange forward contract (6) (6) Financial assets at fair value through other comprehensive income (Note 11.(a)) Unquoted equity instrument Thai Metal Processing Co., Ltd. 1,553 — — 1,553 Assets for which fair values are disclosed: Investment properties (Note 17) Land 10,322 — — 10,322 Office buildings 1,995 — — 1,995 Warehouse 5,291 — — 5,291 Land leasehold right 158 — — 158 Other 11 — — 11 There have been no transfers between Level 1 and Level 2 during the year. Fair value information: As of December 31, 2021 Fair value measurement using Total Quoted prices Significant Significant US$’000 US$’000 US$’000 US$’000 Financial assets at fair value through other comprehensive income (Note 11.(a)) Unquoted equity instrument Thai Metal Processing Co., Ltd. 2,929 — — 2,929 Assets for which fair values are disclosed: Investment properties (Note 17) Land 10,528 — — 10,528 Office buildings 2,444 — — 2,444 Warehouse 5,658 — — 5,658 Land leasehold right 173 — — 173 There have been no transfers between Level 1 and Level 2 during the year .

FINANCIAL RISK MANAGEMENT OBJEC

FINANCIAL RISK MANAGEMENT OBJECTIVES	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about financial instruments [abstract]
FINANCIAL RISK MANAGEMENT OBJECTIVES	27. FINANCIAL RISK MANAGEMENT OBJECTIVES Financial risks are those derived from financial instruments our Company is exposed to during or at the closing of each fiscal year. The objective of our Company’s financial risk management is to minimize its risk exposure against various financial risks, which include market risk, credit risk and liquidity risk. Our Company uses derivative instruments to cover certain risks when it considers them necessary. It is our Company’s policy that no trading in derivatives for speculative purposes shall be undertaken. Our Company manages its exposure to key financial risks, as described in the succeeding paragraphs. 27(a) Market risk Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market prices comprise four types of risk: interest rate risk, equity price risk, foreign currency risk and commodity price risk. Financial instruments affected by market risk include loans and borrowings, financial instruments at fair value through profit or loss, and financial instruments at fair value through other comprehensive income. The sensitivity analysis in the following sections relate to the position as of December 31, 2022 and 2021. The analysis excludes the impact of movements in market variables on the carrying value of other post-retirement obligations provisions and on the non-financial assets and liabilities of foreign operations. (i) Interest rate risk Our Company’s exposure to interest rate risk arises from borrowing at floating interest rates. Changes in interest rate will affect future cash flows but not the fair value. Less than 36% of our Company’s financial liabilities bear floating interest rate, and the rest of its financial liabilities bear fixed interest rate which are close to the market rate or are non-interest bearing. At the reporting dates, a change of 30 basis points of interest rate in a reporting period could cause the profit for the years ended December 31, 2022 and 2021 to increase/decrease by $128 and $168, respectively. (ii) Equity price risk Our Company’s exposure to equity price risk arises from unquoted instrument held by our Company and classified in the balance sheet as non-current financial assets at fair value through other comprehensive income. The fair value and the sensitivity analysis of the held equity instrument are disclosed in Note 11(d). (iii) Foreign currency risk Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. Our Company’s exposure to the risk of changes in foreign exchange rates arise from sales, purchases and borrowings by operating units in currencies other than the unit’s functional currency. Our Company’s principal operations are located in Thailand, the PRC, Singapore and Australia and a substantial portion of its revenues are denominated in Thai Baht, RMB, Australian dollars or Singapore dollars, whereas a substantial portion of our Company’s cost of sales are denominated in U.S. dollars, its reporting currency. Any devaluation of the functional currencies of our Company’s principal subsidiaries against the U.S. dollar would likely have an adverse impact on the operations of our Company. Management monitors the foreign exchange exposure and will consider hedging significant foreign currency exposure should the need arise.(refer to NTA-11(c)(ii)) The balance of financial assets and liabilities denominated in a currency different from our Company’s each functional currency are summarized below. Financial Assets Financial Liabilities As of December 31, As of December 31 2022 2021 2022 2021 United States dollar (USD) 8,231 15,304 15,057 58,526 Thai Baht (THB) 326 326 30 30 Singapore dollar (SGD) 106 130 46 6 Taiwan dollar (TWD) 25,282 9,929 4,463 5,104 Renminbi (RMB) 18 18 — — Hong Kong dollar (HKD) 7,773 10,678 25 28 Euro (EUR) 20 125 — 519 Foreign currency sensitivity The following table demonstrates the sensitivity of our Company’s profit before tax and equity to a reasonably possible change of each foreign currency exchange rates against all other non-functional currencies, with all other variables held constant. Change USD THB SGD TWD HKD EUR 2022 5% (341) — 2 34 50 1 -5% 341 — (2) (34) (50) (1) 5% (2,161) — 5 9 68 (22) 2021 -5% 2,161 — (5) (9) (68) 22 (iv) Commodity price risk Our Company is affected by the volatility of certain commodities. Copper is the principal raw material used by our Company. Our Company purchases copper at price closely related to the prevailing international spot market on the London Metal Exchange for copper. The price of copper is influenced heavily by global supply and demand as well as speculative trading. Consequently, a change in the price of copper will have a direct effect on our Company’s cost of sales. Our Company does not use derivative instruments to hedge the price risk associated with the purchase of this commodity. However, we cover some of these risks through long-term purchase contracts. Commodity price sensitivity The following table shows the potential effect of price changes in copper. Change in Effect on profit Effect on equity US$’000 US$’000 US$’000 2022 Copper +23 % 5,981 N/A -23 % (5,981) N/A 2021 +95 % 26,926 N/A Copper -95 % (26,926) N/A On average, copper composes around 79% and 75% of the product cost in December 31, 2022 and 2021, respectively. The above sensitivity analysis is based on the most significant fluctuation rate of the month in December 31, 2022 as compared to the same month in 2021 and the most significant fluctuation rate of the month in 2021 as compared to the same month in 2020 and one month manufacturing lead time to estimate its impact on profit before tax in December 31, 2022 and 2021, respectively. 27(b) Credit risk Credit risk arises from cash and cash equivalents, bank deposits, foreign currency forward contracts, trade receivables, contract assets, other receivables excluding bank deposits, and amounts due from related parties. Our Company’s exposure to credit risk arises from default of counterparty, with maximum exposure equal to the carrying amount of these financial instruments. (i) Risk management Our Company maintains cash and cash equivalents, as well as bank deposits with various financial institutions located in Singapore, Thailand, Australia, Hong Kong and the People’s Republic of China. Our Company’s policy is designed to limit its exposure to any one institution. Our Company performs periodic evaluations of the relative credit standing of those financial institutions that are considered in our Company’s investment strategy. Foreign currency forward contracts are only used for economic hedging purposes and not as speculative investments. The counterparties on these forward contracts are banks with international operations and good credit quality. Concentrations of credit risk with respect to trade receivables and contract assets are limited due to the large number of entities comprising our Company’s customer base. Our Company analysis the credit risk for each of the new clients before credit limits are offered. Internal risk control assesses the credit quality of the customers, taking into account their financial position, past experience and other factors. Our Company carefully assesses the financial strength of its customers and generally does not require any collateral. Compliances with credit limits are monitored, and exceptions beyond a certain threshold are discussed regularly. Customers’ credit terms are extend over time only when they establish good payment patterns with our Company. Other receivables excluding bank deposits mainly (i) Risk management (continued) contain doubtful receivables from customers. Our Company obtained collateral in respect of those material receivables, and performed the valuation of the collateral. Our Company enters into transactions with related parties in the ordinary course of its business. Refer to Note 24(c) for our Company’s general credit risk management practices. (ii) Definition of default Our Company considers the following as constituting an event of default for internal credit risk management purposes as historical experience indicates that financial assets that meet either of the following criteria are generally not recoverable: u when there is a breach of financial covenants by the debtor; or u information developed internally or obtained from external sources indicates that the debtor is unlikely to pay its creditors, including our Company, in full (without taking into account any collateral held by our Company). (iii) Measurement and recognition of expected credit losses Our Company recognizes a loss allowance for expected credit losses on trade receivables and contract assets by using a provision matrix. Refer to Note 12(c) for the approach used to measure expected credit losses of trade receivables, Note 12(b) for the loss allowance recognized, and Note 12(a) for changes in the loss allowance on trade receivables. While contract assets are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. Our Company applies the general approach for all other financial assets that are subject to the expected credit loss model. The expected credit losses of the respective financial instruments for the years ended December 31, 2022 and 2021 were immaterial. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was also immaterial. (iv) Write off policy Financial instruments are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with our Company, and a failure to make contractual payments for a period of greater than generally 90 days past due. (v) Concentrations of credit risk As of December 31, 2022 and 2021, trade receivables from one customer represented 14.44% and 15.53% of total trade receivables of our Company, respectively. The credit concentration risk of other trade receivables is insignificant. 27(c) Liquidity risk Liquidity risk arises from the financial liabilities of our Company and their subsequent ability to meet obligations to repay their financial liabilities as and when they fall due. Management manages our Company’s liquidity risk by closely monitoring cash flow from the operations. Our Company has about $54 million in cash and cash equivalents, $158 million in unutilized amounts of bank loans, and the total financial liabilities is $120 million at the reporting date, which for financial assets and liabilities results in a net asset position. Liquidity risk is considered not high as of December 31, 2022. Refer to Note 29 for development subsequent to year end. 27(c) Liquidity risk (continued) The table below summarizes the maturity profile of our Company’s financial liabilities based on contractual undiscounted payment obligations. < 1 year 2 to 3 years 4 to 5 years > 5 years Total US$’000 US$’000 US$’000 US$’000 US$’000 As of December 31, 2022 Financial liabilities Interest-bearing loans and borrowings 46,087 9,616 400 4,870 60,973 Trade and other payables 39,891 — — — 39,891 Due to related parties 16,613 — — — 16,613 Financial liabilities at fair value through profit or loss 6 — — — 6 Lease liability 788 1,073 469 579 2,909 103,385 10,689 869 5,449 120,392 As of December 31, 2021 Financial liabilities Interest-bearing loans and borrowings 62,295 428 428 3,626 66,777 Trade and other payables 44,784 — — — 44,784 Due to related parties 11,865 — — — 11,865 Lease liability 637 925 412 764 2,738 119,581 1,353 840 4,390 126,164 27(d) Capital management The primary objectives of our Company’s capital management are to safeguard our Company’s ability to continue as a going concern and maintain healthy capital ratios in order to support its business, maximize shareholders’ value and to maintain an optimal capital structure to reduce the cost of capital. Our Company manages its capital structure and makes adjustments to it, in light of changes in economic conditions and the risks characteristics of the underlying assets. To maintain or adjust the capital structure, our Company may adjust the dividend payment to shareholders, return capital to shareholders, issue new shares or conduct stock repurchase programs. Our Company is not subject to any externally imposed capital requirements. No changes were made in the objectives, policies or processes for managing capital during the years ended December 31, 2022 and 2021. 27(d) Capital management (continued) In line with industry practices, our Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. Our Company includes within net debt, interest bearing loans and borrowings, trade and other payables, less cash and cash equivalents. As of December 31, 2022 2021 US$’000 US$’000 Interest bearing loans and borrowings 57,731 65,387 Trade and other payables 39,891 44,784 Less: cash and cash equivalents (54,017) (44,507) Net debt 43,605 65,664 Total Equity 211,428 209,317 Capital and net debt 255,033 274,981 Gearing ratio 17.1% 23.9% Our Company has no direct business operations other than its ownership of the capital stock of its subsidiaries and equity investees holdings. As a holding company, our Company’s ability to pay dividends, as well as to meet its other obligations, depends upon the amount of distributions, if any, received from our Company’s operating subsidiaries and other holdings and investments. Our Company’s operating subsidiaries and other holdings and investments, from time to time, may be subject to restrictions on their ability to make distributions to our Company, including as a result of restrictive covenants contained in loan agreements, restrictions on the conversion of local currency earnings into U.S. dollars or other hard currency and other regulatory restrictions. For example, PRC legal restrictions permit payments of dividends by our business entities in PRC only out of their retained earnings, if any, determined in accordance with relevant PRC accounting standards and regulations. Under PRC law, such entities are also required to set aside a portion of their net income each year to fund certain reserve funds. These reserves are not distributable as cash dividends. The foregoing restrictions may also affect our Company’s ability to fund operations of one subsidiary with dividends and other payments received from another subsidiary. 27(e) Collateral The credit lines of our Company were collateralized by: (i) Mortgage of our Company’s land, buildings, machinery and equipment, investment properties and land use rights with a total carrying amount of $10,541 at December 31, 2022 (2021: $7,030); (ii) Pledge of other receivables of $1,118 at December 31, 2022 (2021: $1,109) ; (iii) Corporate guarantee issued by APWC. (iv) A trading facility was secured by all the assets with total carrying amount of $35,080 of a subsidiary as of December 31, 2022 (2021: $33,940). The weighted average interest rates on bank loans and overdrafts as of December 31, 2022 and 2021 were 2.58% and 2.15% per annum, respectively.

CASH FLOW INFORMATION

CASH FLOW INFORMATION	12 Months Ended
	Dec. 31, 2022
Disclosure Of Cash Flow Information [Abstract]
CASH FLOW INFORMATION	28. CASH FLOW INFORMATION 28(a) Investing activities with partial cash payments (i)Purchase of PPE For the year end December 31, 2022 2021 US$’000 US$’000 Acquisition of property, plant and equipment 3,553 8,657 Add: Payable for PPE or CIP - Opening 173 196 Less: Payable for PPE or CIP - Ending (152) (173) Less: Prepayment for PPE & CIP - Opening (427) (561) Add: Prepayment for PPE & CIP - Ending 599 428 Cash paid during the year 3,746 8,547 28(b) Reconciliation of liabilities arising from financing activities Interest -bearing loans and borrowings Lease liabilities Total US$’000 US$’000 US$’000 Balance at January 1, 2021 13,781 2,334 16,115 Changes in cash flows 54,161 (632) 53,529 Foreign exchange adjustments (2,555) (76) (2,631) Acquisition lease — 906 906 Other changes — 2 2 Remeasurement — (47) (47) Balance at December 31, 2021 65,387 2,487 67,874 Changes in cash flows (5,176) (616) (5,792) Foreign exchange adjustments (2,480) (44) (2,524) Acquisition lease — 851 851 Other changes — (15) (15) Remeasurement — (89) (89) Balance at December 31, 2022 57,731 2,574 60,305

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	Dec. 31, 2022
Disclosure of non-adjusting events after reporting period [abstract]
SUBSEQUENT EVENT	29. SUBSEQUENT EVENT 29(a) CTW dividend payments On February 21, 2023, the Board of Directors of Charoong Thai declared a cash dividend distribution to its shareholders amounted to $0.6 million (Baht 19.9 million, equivalent to Baht 0.05 per share), $0.3 million of which will be distributed to non-controlling interest. The dividend will be paid on May 22, 2023. This dividend distribution plan requires the approval of the 2023 Annual General Meeting of Shareholders of Charoong Thai. Other than the above events, our Company is not aware of any matter or circumstance that has significantly affected or may significantly affect the operations of our Company, the results of those operations, or the state of affairs of our Company.

APPROVAL OF THE FINANCIAL STATE

APPROVAL OF THE FINANCIAL STATEMENTS	12 Months Ended
	Dec. 31, 2022
Statement of financial position [abstract]
APPROVAL OF THE FINANCIAL STATEMENTS	30. APPROVAL OF THE FINANCIAL STATEMENTS The financial statements were approved and authorized for issuance by the board of directors on April 25, 2023.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Summary Of Significant Accounting Policies [Abstract]
Current versus non-current classification	3.1 Current versus non-current classification Our Company presents assets and liabilities in the balance sheets based on current and non-current classification. An asset is current when it is: Expected to be realized or intended to be sold or consumed in the normal operating cycle; u Held primarily for the purpose of trading; u Expected to be realized within twelve months after the reporting period; or u Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. All other assets are classified as non-current. A liability is current when: It is expected to be settled in a normal operating cycle; u It is held primarily for the purpose of trading; u It is due to be settled within twelve months after the reporting period; or u There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period. Our Company classifies all other liabilities as non-current. Deferred tax assets and liabilities are classified as non-current assets and liabilities.
Operating profit	3.2 Operating profit The operating profit is the profit earned from core business operations, and it does not include any profit earned from investment and the effects of interest and taxes.
Fair value measurement	3.3 Fair value measurement Our Company measures financial instruments at fair value at each balance sheet date. In addition, fair values of financial instruments measured at amortized cost are disclosed in Note 11(d). 3.3 Fair value measurement (continued) Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either: u In the principal market for the asset or liability, or u In the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible to by our Company. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. A fair value measurement of a non-financial asset takes into account a market participant's ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use. Our Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: u Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities u Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the assets or liability, either directly or indirectly u Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable For assets and liabilities that are recognized in the financial statements on a recurring basis, our Company determines whether transfers have occurred between levels in the hierarchy by re-assessing categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period.
Cash and cash equivalents	3.4 Cash and cash equivalents Cash and cash equivalents in the consolidated balance sheet comprise of cash at banks and highly liquid investments with purchased maturities of three months or less, which are subject to an insignificant risk of change in value. For the purpose of the consolidated statements of cash flows, cash and cash equivalents are net of outstanding bank overdrafts as they are considered an integral part of our Company’s cash management.
Inventories	3.5 Inventories Inventories are stated at the lower of cost and net realizable value. Cost of manufactured goods is determined on the weighted average basis and, in the case of work in progress and finished goods, comprises direct materials, direct labor and an appropriate proportion of overheads based on the normal operating capacity. Cost of distributed goods is determined on the weighted average basis. Net realizable value is based on estimated selling prices less any estimated costs to be incurred to completion and the estimated cost necessary to make the sale.
Property, Plant and Equipment	3.6 Property, plant and equipment Property, plant and equipment is stated at cost, net of accumulated depreciation and any accumulated impairment losses. Such cost includes the cost of replacing part of the property, plant and equipment and borrowing costs for long-term construction projects if the recognition criteria are met. Expenditure incurred after items of property, plant and equipment have been put into operation, such as repairs and maintenance, is normally charged to profit or loss in the period in which it is incurred. In situations where the recognition criteria are satisfied, the expenditure for a major inspection is capitalized in the carrying amount of the asset as a replacement. When significant parts of property, plant and equipment are required to be replaced at intervals, our Company recognizes such parts as individual assets with specific useful lives and depreciates them accordingly. Spare parts and servicing equipment are usually carried as inventory and recognized in profit or loss as consumed. However, major spare parts and stand-by equipment qualify as property, plant and equipment when an entity expects to use them for more than one year. The present value of the expected cost for the decommissioning of an asset after its use is included in the cost of the respective asset if the recognition criteria for a provision are met. A provision shall be recognized when: (a) an entity has a present obligation (legal or constructive) as a result of a past event; (b) it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation; and (c) a reliable estimate can be made of the amount of the obligation. If these conditions are not met, no provision shall be recognized. Depreciation Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets as follows: ► Buildings 15-30 years ► Building improvement 2-20 years ► Machinery and equipment 4-20 years ► Motor vehicles 3-10 years ► Office equipment 3-20 years An item of property, plant and equipment and any significant part initially recognized is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the income statement when the asset is derecognized. 3.6 Property, plant and equipment (continued) The assets’ residual values, useful lives and methods of depreciation are reviewed at each financial year end, and adjusted prospectively, if appropriate. Impairment If circumstances arise which indicate assets might be impaired, a review should be undertaken of their cash generating abilities through either use or sales. This review will produce an amount, which should be compared with the asset’s carrying value, and if the carrying value is higher, the difference must be written off as an impairment adjustment in the income statement. Further detailed methodology used for an impairment test is given in Note 3.11 - Impairment of non-financial assets.
Leases	3.7 Leases Our Company assesses at contract inception whether a contract is, or contains, a lease. That is, our Company assesses whether the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Our Company as a lessee Our Company, as a lessee, applies a single accounting model to recognize assets and liabilities for all leases, except for the lease term is 12 months or less or the underlying asset has a low value. Our Company recognizes lease liabilities to make lease payment and right-of-use assets representing the right to use the underlying assets. (i) Right-of-use assets Our Company recognizes right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payment made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets, as follows: ►Land use right 2 to 37 years ►Buildings 2 to 3 years ►Motor vehicles 2 to 3 years ►Office equipment 3 to 5 years If the ownership of the leased asset transfers to our Company at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset. The right-of-use assets are also subject to impairment. Refer to the accounting policies Note 3.11 impairment of non-financial assets. 3.7 Leases (continued) (ii) Lease liabilities At the commencement date of the lease, our Company recognizes lease liabilities measured at the present value of lease payment to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by our Company and payments of penalties for terminating the lease, if the lease term reflects our Company exercising the option to terminate. Variable lease payments that do not depend on an index or a rate are recognized as expenses in the period in which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, our Company uses its incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the lease payments (e.g. changes to future payments resulting from a change in an index or rate used to determine such lease payment) or a change in the assessment of an option to purchase the underlying asset. (iii) Short-term leases and leases of low-value assets Our Company applies the short-term lease recognition exemption to its short-term leases. It also applies the lease of low-value assets recognition exemption to its leases that are considered of low value. Lease payments on short-term leases and leases of low-value assets are recognized as expense on a straight-line basis over the lease term. Our Company as a lessor Leases for which our Company is a lessor are classified each of its leases as either an operating lease or finance lease. Finance lease Whenever the terms of the lease transfer substantially all the risks and rewards incidental to ownership of an underlying asset, the lease is classified as a finance lease. Amount due from lessees under finance lease are recognized as receivables at the amount of our Company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on our Company’s net investment outstanding in respect of the leases. Operating lease Leases in which our Company does not transfer substantially all the risks and rewards incidental to ownership of an asset are classified as operating leases. Rental income arising is accounted for on a straight-line basis over the lease terms and is included in revenue in the consolidated income statements due to its operating nature. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognized over the lease term on the same basis as rental income. Contingent rents are recognized as revenue in the period in which they are earned.
Borrowing Costs	3.8 Borrowing costs Borrowing costs are required to be capitalized as part of the cost of the asset if they are directly attributable to the acquisition, construction or productions of a qualifying asset (whether or not the funds have been borrowed specifically). All other borrowing costs are recognized as an expense in the period in which they are incurred. A qualifying asset is an asset that necessarily takes a substantial period to get ready for its intended use or sale. Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds. Borrowing costs include: u interest expense calculated using the effective interest method; u finance charges in respect of lease liabilities; and u exchange differences arising from foreign currency borrowings to the extent that they are regarded as an adjustment to interest costs. Exchange differences are generally regarded as borrowing costs only to the extent that the combined borrowing costs, including exchange differences, approximate the amount of borrowing costs on functional currency equivalent borrowings. For specific borrowings, the borrowing costs eligible for capitalization are the actual borrowing costs incurred related to funds that are borrowed specifically to obtain a qualifying asset less any investment income earned on the temporary investment of those borrowings.
Investment Properties	3.9 Investment properties Investment properties are properties held to earn rentals and/or for capital appreciation (including property under construction for such purposes). Investment properties are measured initially at cost, including transaction costs. Subsequent to initial recognition, investment properties are carried at historical cost less provisions for depreciation and impairment. Additional costs incurred subsequent to the acquisition of an asset increase the carrying amount of the asset or recognized as a separate asset if it is probable that future economic benefits associated with the assets will flow into our Company and the cost of an asset can be measured reliably. Routine maintenance and repairs are expensed as incurred. While land is not depreciated, all other investment property is depreciated based on the respective assets estimated useful lives ranging from 20 to 40 years using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. An investment property is derecognized upon disposal or when the investment property is permanently withdrawn from use and no future economic benefits are expected from the disposal. Any gain or loss arising on derecognition of the property (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in income or loss in the period in which the property is derecognized. International Accounting Standards (“IAS”) 40 requires disclosures about the fair value of any investment property recorded at cost. See Note 17 – Investment Properties.
Financial instruments	3.10 Financial instruments A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. (i) Financial assets Classification and measurement Except for certain trade receivables, our Company initially measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs directly attributable to the acquisition or issue of the financial asset. Financial instruments are subsequently measured at amortized cost, fair value through other comprehensive income (FVOCI) or fair value through profit or loss (FVPL). The classification is based on two criteria: the objective of our Company’s business model for managing the assets; and whether the instruments’ contractual cash flows represent ‘solely payments of principal and interest’ on the principal amount outstanding (the ‘SPPI criterion’). The classification and measurement of financial assets is as follows: u Debt instruments at amortized cost Financial assets meeting both conditions: (i) held within a business model whose objective is to hold financial assets in order to collect contractual cash flows, and (ii) the contractual terms of the financial assets give arise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding, are measured subsequent to initial recognition at amortized cost. The amortized cost of a financial asset is the amount at which the financial asset is measured at initial recognition minus the principal repayments, plus the cumulative amortization using the effective interest rate (“EIR”) method of any difference between that initial amount and the maturity amount, adjusted for any loss allowance. Interest income, foreign exchange gains and losses, and any impairment charges for such instruments are recognized in profit or loss. Our Company’s financial assets at amortized costs include cash and cash equivalents, trade receivables, other receivable, and the receivable from related party. u Debt instruments at FVOCI with gains or losses recycled to profit or loss on derecognition Financial assets that are held within a business model whose objective is to hold financial assets in order to both collecting contractual cash flows and selling financial assets, and that the contractual terms of the financial assets give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Interest income, foreign exchange gains and losses, and any impairment charges on such instruments are recognized in profit or loss. All other fair value gains and losses are recognized in OCI. On disposal of these debt instruments, any related balance with FVOCI reserve is reclassified to profit or loss. u Equity instruments designated at FVOCI with no recycling of gains or losses on derecognition These instruments are undertakings in which our Company does not have significant influence or control, generally evidenced by ownership of less than 20% of the voting rights. Our Company designates these investments on an instrument by instrument basis as equity securities at FVOCI because they represent investments held for long term strategic purposes. 3.10 Financial instruments (continued) (i) Financial assets (continued) Investments in equity instruments at FVOCI are initially measured at fair value plus transaction costs. Subsequently, they are measured at fair value with gains and losses arising from changes in fair value recognized in OCI. These investments are not subject to impairment testing and upon disposal, the cumulative gain or loss in OCI is not reclassified to profit or loss on disposal. Dividends from such investments continue to be recognized in profit or loss when our Company’s right to receive payments is established. Our Company elected to classify irrevocably its non-listed equity investments under this category. u Financial assets at fair value through profit or loss (FVPL) Assets that do not meet the criteria for amortized cost or FVOCI are measured at FVPL. A gain or loss on a debt instrument that is subsequently measured at FVPL is recognized in profit or loss in the period in which it arises. Even if an instrument meets the two requirements to be measured at amortized cost or FVOCI, our Company may, at initial recognition, irrevocably designate a financial asset as measured at FVPL if doing so eliminates or significantly reduces a measurement or recognition inconsistency. Changes in the fair value of financial assets at FVPL are recognized in the statement of profit or loss as applicable. Reclassification When, and only, our Company changes its business model for managing financial assets it shall reclassify all affected financial assets according to the classification and measurement criteria discussed earlier. If our Company reclassifies financial assets, it shall apply the reclassification prospectively from the reclassification date and shall not restate any previously recognized gains, losses (including impairment gains or losses) or interest. Derecognition A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognized (i.e. removed from our Company’s consolidated balance sheet) when and only when: (a) the rights to receive cash flows from the asset have expired, or (b) our Company has transferred its rights to receive cash flows from the asset, or has assumed an obligation to pay the received cash flows in full without material delay to one or more recipients under a “pass-through” arrangement; and either (i) our Company has transferred substantially all the risks and rewards of the asset, or (ii) our Company has neither transferred nor retained substantially all the risks and rewards of the asset but has transferred control of the asset. When our Company has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, it evaluates the extent to which, it has retained the risks and rewards of ownership. When it has neither transferred nor retained substantially all of the risks and rewards of the asset and has not transferred the control of the assets, our Company continues to recognize the transferred asset to the extent of its continuing involvement. In that case, our Company also recognizes an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and obligations that our Company has retained. 3.10 Financial instruments (continued) (i) Financial assets (continued) Derecognition (continued) Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that our Company could be required to repay (“the guarantee amount”). (ii) Financial liabilities Classification and measurement Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings, payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. All financial liabilities are recognized initially at fair value and, net of directly attributable transaction costs in the case of loans and borrowings. Our Company’s financial liabilities include trade and other payables, bank overdrafts and interest-bearing loans and borrowings. These financial liabilities represent liabilities for goods and services provided to our Company and refund liabilities arising from contracts with customers. Trade payable are non-interest bearing and are normally settled on 60-day terms. The refund liabilities are rebate and discounts for the sale of goods to external customers in the ordinary course of our Company’s activities. Trade and other payables are presented as current liabilities unless payment is not due within 12 months after the reporting period. They are recognized initially at fair value and subsequently measured at amortized cost using the EIR method. After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the EIR method. Gains and losses are recognized in profit or loss when the liabilities are derecognized as well as through the EIR amortization process. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortization is included as finance costs in the income statement. Derecognition A financial liability is derecognized when the obligation under the liability is discharged, cancelled, or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognized in the income statement. (iii) Foreign currency forward contracts Non-hedging derivatives are initially recognized at fair value on the date a derivative contract is entered into and recorded as financial assets or financial liabilities at fair value through profit or loss. They are subsequently re-measured at fair value, and the gains or losses are recognized in profit or loss. 3.10 Financial instruments (continued) (iv) Impairment of financial instruments The following financial instruments are included within the scope of the impairment requirements in IFRS 9 Financial Instruments: (a) Financial assets measured at amortized cost; (b) Financial assets mandatorily measured at FVOCI; (c) Loan commitments when there is a present obligation to extend credit (except where these are measured at FVPL); (d) Financial guarantee contracts to which IFRS 9 is applied (except those measured at FVPL); (e) Lease receivables within the scope of IFRS 16 Leases. (f) Contract assets within the scope of IFRS 15 Revenue from Contracts with Customers. Our Company assesses on a forward looking basis the expected credit losses (ECLs) associated with its debt instruments carried at amortized cost and FVOCI. The impairment methodology applied depends on whether there has been a significant increase in credit risk. With the exception of purchased or originated credit impaired financial assets, ECLs are required to be measured through a loss allowance at an amount equal to: (a) credit risk has not increased significantly since initial recognition – recognize 12-month ECLs , and recognize interest on a gross basis; or (b) credit risk has increased significantly since initial recognition – recognize lifetime ECL, and recognize interest on a gross basis. Our Company assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days past due. A loss allowance for full lifetime ECLs is required for contract assets or trade receivables that do not constitute a financing transaction in accordance with IFRS 15. Our Company may select its accounting policy for contract assets and trade receivables, containing a significant financing component and lease receivables to measure the loss allowance at an amount equal to lifetime ECLs. For trade receivables and contract assets, our Company applies the simplified approach permitted by IFRS 9, which requires expected lifetime losses to be recognized from initial recognition of the receivables, see Note 12(c) for further details. Our Company recognizes in profit or loss, the amount of expected credit losses (or reversal) that is required to adjust the loss allowance at the reporting date to the amount that is required to be recognized. (v) Offsetting of financial instruments Financial assets and financial liabilities are offset and the net amount is reported in the consolidated statement of financial position if when the following conditions are met: (i) there is a currently enforceable legal right to offset the recognized amounts; and (ii) there is an intention to settle on a net basis, to realize the assets and settle the liabilities simultaneously. 3.10 Financial instruments (continued) (vi) Fair value of financial instruments The fair value of financial instruments that are traded in active markets at each reporting date is determined by reference to quoted market prices or dealer price quotations (bid price for long positions and ask price for short positions), without any deduction for transaction costs. For financial instruments not traded in an active market, the fair value is determined using appropriate valuation techniques. Such techniques may include: u Recent arm’s length market transactions u Current fair value of another instrument that is substantially the same u A discounted cash flow analysis or other valuation models
Impairment of non-financial assets	3.11 Impairment of non-financial assets Our Company assesses, at each reporting date, whether there is an indication that an asset may be impaired. If any indication exists, or when annual impairment testing for an asset is required, our Company estimates the asset’s recoverable amount. An asset’s recoverable amount is the higher of an asset’s or cash-generating unit’s (“CGU”) fair value less costs to sell and its value in use. A CGU is the smallest group of assets that generates cash inflows that are largely independent of the cash flows from other assets or groups of assets. Recoverable amount is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or Company of assets. When the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. In determining fair value less costs to sell, recent market transactions are taken into account. If no such transactions can be identified, an appropriate valuation model is used. These calculations are corroborated by valuation multiples, quoted share prices for publicly traded companies or other available fair value indicators. Our Company bases its impairment calculation on detailed budgets and forecast calculations, which are prepared separately for each of our Company’s CGUs to which the individual assets are allocated. These budgets and forecast calculations generally cover a period of five years. For longer periods, a long-term growth rate is calculated and applied to project future cash flows after the fifth year. Impairment losses of continuing operations are recognized in the income statement in expense categories consistent with the function of the impaired asset. For assets excluding goodwill, an assessment is made at each reporting date to determine whether there is an indication that previously recognized impairment losses no longer exist or have decreased. If such indication exists, our Company estimates the asset’s or CGU’s recoverable amount. A previously recognized impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s recoverable amount since the last impairment loss was recognized. The reversal is limited so that the carrying amount of the asset does not exceed its recoverable amount, nor exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognized for the asset in prior years. Such reversal is recognized in the consolidated income statement.
Intangible assets	3.12 Intangible assets Computer software The costs of acquiring software is capitalized separately as an intangible asset on the basis of the costs incurred to acquire and bring to use the specific software. Acquired software (licenses) is stated at cost less accumulated amortization and impairment losses. Amortization of software applications is charged to operating expenses and/or cost on a straight-line basis over 2 to 10 years from the date they are available for use. The residual values and useful lives are reviewed at each balance sheet date and adjusted, if appropriate.
Taxes	3.13 Taxes Current income tax Current income tax assets and liabilities for the current period are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date in the countries where our Company operates. Current income tax relating to items recognized directly in equity is recognized in equity and not in the income statement. Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. Deferred tax Deferred tax is provided using the liability method on temporary differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes at the reporting date. Deferred tax liabilities are recognized for all taxable temporary differences, except: u When the deferred tax liability arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; or u In respect of taxable temporary differences associated with investments in subsidiaries, associates and interests in joint ventures, when the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future. Deferred tax assets are recognized for all deductible temporary differences, the carry forward of unused tax credits and any unused tax losses. Deferred tax assets are recognized to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carry forward of unused tax credits and unused tax losses can be utilized, except: u When the deferred tax asset relating to the deductible temporary difference arises from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; or 3.13 Taxes (continued) Deferred tax (continued) u In respect of deductible temporary differences associated with investments in subsidiaries, associates and interests in joint ventures, deferred tax assets are recognized only to the extent that it is probable that the temporary differences will reverse in the foreseeable future and taxable profit will be available against which the temporary differences can be utilized. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilized. Unrecognized deferred tax assets are reassessed at each reporting date and are recognized to the extent that it has become probable that future taxable profits will allow the deferred tax asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting date. The tax expense for the period comprises current and deferred tax. Tax is recognized in profit or loss, except to the extent that it relates to items recognized in other comprehensive income or items recognized directly in equity, in which cases the tax is recognized in other comprehensive income or equity. Deferred tax relating to items recognized outside profit or loss is recognized outside profit or loss. Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to set off current tax assets against current income tax liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority. Uncertain tax position An entity’s tax position might be uncertain; for example, where the tax treatment of an item of expense or structured transaction may be challenged by the tax authorities.
Revenue recognition	3.14 Revenue recognition Our Company generates revenue primarily from the sales of wires and cables and supply, delivery and installation services to its customers (see Note 5(e)). Revenue from contracts with customers is recognized when (or as) control of the goods or services (i.e. assets) are transferred to the customer at an amount that reflects the consideration to which our Company expects to be entitled in exchange for those goods or services. Our Company has concluded that it is the principal in its revenue arrangements because it controls the goods or services before transferring them to the customer. Our Company has certain contracts with customers to perform fabrication services for its customers, converting customer-owned raw materials to wire and cable products. Our Company is responsible for fulfilling the promise to provide the specified services. Revenue is recognized as control is passed, either over time or at a point in time. 3.14 Revenue recognition (continued) Our Company recognizes revenue over time if one of the following criteria is met: (a) the customer simultaneously receives and consumes the benefits provided by our Company’s performance as the entity performs; (b) our Company’s performance creates or enhances an asset (for example, work in progress) that the customer controls as the asset is created or enhanced; or (c) our Company’s performance does not create an asset with an alternative use to our Company and our Company has an enforceable right to payment for performance completed to date. If our Company does not satisfy its performance obligation over time, it satisfies it at a point in time. Revenue will therefore be recognized when control is passed at a certain point in time. Factors that may indicate the point in time at which control passes include, but are not limited to: (a) the entity has a present right to payment for the asset; (b) the customer has legal title to the asset; (c) the entity has transferred physical possession of the asset; (d) the customer has the significant risks and rewards of ownership of the asset; or (e) the customer has accepted the asset. When (or as) a performance obligation is satisfied, our Company recognizes as revenue the amount of the transaction price that is allocated to that performance obligation. While deferred payment terms may be agreed in certain circumstances, the deferral never exceeds twelve months. Our Company applies the practical expedient not to adjust the promised amount of consideration for the effects of a significant financing component if our Company expects, at contract inception, that the period between when our Company transfers a promised good or service to a customer and when the customer pays for that good or service will be one year or less. Sales of wires and cables Revenue from sales of wires and cables is recognized at the point in time when control of the asset is transferred to the customer, generally on delivery of the wires and cables. Variable consideration If the consideration in a contract includes a variable amount, our Company estimates the amount of consideration to which it will be entitled in exchange for transferring the goods to the customer. The variable consideration is estimated at a contract inception and constrained until it is highly probable that a significant revenue reversal in the amount of cumulative revenue recognized will not occur when the associated uncertainty with the variable consideration is subsequently resolved. The amount of consideration can vary because of discounts, rebates, refunds, credits, price concessions, incentives, performance bonuses, penalties or other similar items. The promised consideration can also vary if a Company’s entitlement to the consideration is contingent on the occurrence or non-occurrence of a future event. Our Company estimates an amount of variable consideration by using either of (a) the expected value, or (b) the most likely amount, depending on which our Company expects to better predict the amount of consideration to which it will be entitled. 3.14 Revenue recognition (continued) At the end of each reporting period, our Company updates the estimated transaction price (including updating its assessment of whether an estimate of variable consideration is constrained) to represent faithfully the circumstances present at the end of the reporting period and the changes in circumstances during the reporting period. Our Company allocates any subsequent changes in the transaction price to the performance obligations on the same basis as at contract inception. SDI Our Company’s supply, delivery and installation services are closely interrelated in terms of their ultimate purpose or use and the customer is able to specify the major structural elements of the design. Revenue from SDI is recognized when our Company satisfies performance obligations which occurs when the control of either goods or services are transferred to the customer. Transfer of control to a customer can occur either over a period of time or at a single point in time, and the transfer of controls depends on the scope of service work orders. Service work order that involves supply of cables, installation and/or labor (e.g. maintenance or repairing service) are not distinct and are identified to be one performance obligation satisfied over time since the elements of the service work order are highly interrelated, customized and modified for the customer. Our Company selects an input method (cost-to-cost) to measure the progress toward satisfaction of the performance obligation. Our Company’s estimate about revenue, costs and progress towards complete satisfaction of a performance obligation may revise when there is a change in circumstances. Any increase or decrease in revenue or costs due to an estimate revision is reflected in profit or loss during the period when the management become aware of the changes in circumstances. Custodial and transportation services under bill and hold arrangement A bill and hold arrangement is a contract under which an entity bills a customer for a product but the entity retains physical possession of the product until it is transferred to the customer at a point in time in the future. Our Company identifies multiple performance obligations for its bill and hold arrangements, including sales of wires and cables, custodial service and transportation service. Sales of wires and cables are recognized as revenue when the products are placed into warehouse and the customer has accepted the products because the control of the products has transferred to the customer. Custodial service revenue and transportation service are recognized over time. The transaction price allocated to these services is recognized as a contract liability at the time of the initial sales transaction and released on actual basis over the period of services. Onerous operating contracts Onerous contract is a type of contract in which the costs of meeting the obligations under the contract are higher than the economic benefits received under the contract. The cost of fulfilling a contract comprises the costs that related directly to the contract. Our Company has contracts to supply products that may become onerous due to changing circumstances. Our Company establishes the unavoidable costs of meeting the obligations under the contract as an accrued liability for the contractual responsibilities. For example, when rising copper price renders a contract onerous, the liability is calculated based on the difference between the lock-in purchase copper price, or the copper price on the London Metal Exchange (the “LME”) and the prices determined in the contracts, if the difference exceeds the profit of the original contract. The unavoidable costs exceeding the profit of the contract is recognized in cost of sales or other operating expense based on the nature of the unavoidable costs.
Foreign currencies	3.15 Foreign currencies Our Company’s consolidated financial statements are presented in USD, which is also the parent company’s functional currency. For each entity our Company determines the functional currency and items included in the financial statements of each entity are measured using that functional currency. Transactions and balances Transactions in foreign currencies are initially recorded by our Company’s entities at their respective functional currency spot rates at the date the transaction first qualifies for recognition. Monetary assets and liabilities denominated in foreign currencies are translated at the functional currency spot rates of exchange at the reporting date. Differences arising on settlement or translation of monetary items are recognized in profit or loss with the exception of monetary items that are designated as part of the hedge of our Company’s net investment of a foreign operation. These are recognized in other comprehensive income until the net investment is disposed of, at which time, the cumulative amount is reclassified to profit or loss. Tax charges and credits attributable to exchange differences on those monetary items are also recorded in other comprehensive income. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates at the dates of the initial transactions. Non-monetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value is determined. The gain or loss arising on translation of non-monetary items measured at fair value is treated in line with the recognition of gain or loss on change in fair value of the item (i.e., translation differences on items whose fair value gain or loss is recognized in other comprehensive income or profit or loss are also recognized in other comprehensive income or profit or loss, respectively). Translation to the presentation currency The results and financial position of an entity whose functional currency are translated into a different presentation currency using the following procedures: a. assets and liabilities for each balance sheet presented are translated at the closing rate at the date of that balance sheet; b. income and expenses for each statement presenting profit or loss and other comprehensive income (i.e. including comparatives) are translated at exchange rates at the dates of the transactions; c. all resulting exchange differences shall be recognized in other comprehensive income; and d. for equity items, the historical rate is used; therefore, these equity items are not retranslated.
Employee benefits	3.16 Employee benefits Our Company has both defined contribution and defined benefit obligation. The liabilities of our Company arising from defined benefit obligations, and the related current service cost, are determined using the projected unit credit method. For defined benefit plans, the cost charged to the income statement consists of current service cost, net interest cost and past service cost. Remeasurements comprising of actuarial gains and losses are recognized in the period in which they occur, directly in other comprehensive income. They are included in other comprehensive income in the statement of changes in equity and in balance sheet. Remeasurements are not reclassified to profit or loss in subsequent periods. Contributions to defined contribution plans are charged to the income statement as incurred. All past service costs are recognized at the earlier of when the amendment occurs. Past service cost is the term used to describe the change in a defined benefit obligation for employee 3.16 Employee benefits (continued) service in prior periods, arising as a result of changes to plan arrangements in the current period (i.e. plan amendments introducing or changing benefits payable, or curtailments which significantly reduce the number of covered employees). Past service costs may be either positive or negative. Gains or losses on the settlement of a defined benefit plan are recognized when the settlement occurs. Before past service costs are determined, or a gain or loss on settlement is recognized, the net defined benefit liability or asset is required to be remeasured. Compensated absence The cost of accumulating paid absences is recognized when employees render the service that increases their entitlement to future paid absences. The cost of accumulating paid absences is measured as the additional amount that the entity expects to pay as a result of the unused entitlement that has accumulated at the end of the reporting period.
Earnings per share	3.17 Earnings per share Our Company presents basic and diluted earnings per share (“EPS”) data for its common shares. Basic EPS is calculated by dividing the net income attributable to shareholders of our Company by the weighted average number of common shares outstanding during the period, adjusted for own shares held.
Treasury shares	3.18 Treasury shares Own equity instruments that are reacquired (treasury shares) are recognized at cost and deducted from equity. No gain or loss is recognized in the profit or loss on the purchase, sale, issue or cancellation of our Company’s own equity instruments. Any difference between the carrying amount and the consideration, if reissued, is recognized in additional paid-in capital. Voting rights related to treasury shares are nullified and no dividends are allocated to them.
Investments in an associate	3.19 Investments in an associate Our Company’s investment in its associates are accounted for using the equity method. An associate is an entity in which our Company has significant influence. Under the equity method, the investment is initially recognized at cost. The carrying amount of the investment is adjusted to recognize changes in our Company’s share of net assets of the associate since the acquisition date. Goodwill relating to the associate is included in the carrying amount of the investment and is neither amortized nor individually tested for impairment. The income statement reflects our Company’s share of the results of operations of the associate. Any change in other comprehensive income of those investees is presented as part of our Company’s other comprehensive income. When there has been a change recognized directly in the equity of the associate, our Company recognizes its share of any changes, when applicable, in the statement of changes in equity. Unrealized gains and losses resulting from transactions between our Company and the associate are eliminated to the extent of the interest in the associate. Our Company’s share of profit or loss of an associate is shown on the face of the income statement and represents profits or loss after tax and non-controlling interests in the subsidiaries of the associate. 3.19 Investments in an associate (continued) The financial statements of the associate are prepared for the same reporting period as our Company. When necessary, adjustments are made to bring the accounting policies in line with those of our Company. After application of the equity method, our Company determines whether it is necessary to recognize an impairment loss on its investment in its associate. Our Company determines at each reporting date whether there is any objective evidence that the investment in associates is impaired. If this is the case, our Company calculates the amount of impairment as the difference between the recoverable amount of the associate and its carrying value and recognizes the amount in share of losses of associates in the income statement. Upon loss of significant influence over the associate, our Company measures and recognizes any retained investment at its fair value. Any difference between the carrying amount of the associate upon loss of significant influence and the fair value of the retaining investment and proceeds from disposal is recognized in profit or loss.
Government grant	3.20 Government grant Government grants are recognized where there is reasonable assurance that the grant will be received and all attached conditions will be complied with. When the grant relates to an expense item, it is recognized as other income on a systematic basis over the periods that the related costs, which it is intended to compensate, are expensed. When the grant relates to an asset, it is recognized as income in equal amounts over the expected useful life of the related asset. For the year ended December 31, 2022, 2021 and 2020, the government grant received were $639, $271 and $973, respectively, our Company recognized in the line item of other income, refer to Note 7(e).
Non-current assets held for sale	3.21 Non-current assets held for sale Our Company classifies non-current assets and disposal groups as held for sale/distribution to owners if their carrying amounts will be recovered principally through a sale/distribution rather than through continuing use. Non-current assets and disposal groups are measured at the lower of their carrying amount and fair value less costs to sell. The criteria for held for sale classification is regarded met only when the sale is highly probable and the asset or disposal group is available for immediate sale in its present condition. Management must be committed to the sale, which should be expected to qualify for recognition as a completed sale within one year from the date of classification. Property, plant and equipment and intangible assets once classified as held for sale/distribution to owners are not depreciated or amortized. When equity method investments are classified as held for sale, the investor discontinues the use of the equity method from the date that the investment (or the portion of it) is classified as held for sale; instead, the associate or joint venture is then measured at the lower of its carrying amount and fair value less cost to sell.
Finance and other income	3.22 Finance and other income Interest income Interest revenue shall be calculated by using the effective interest method. This shall be calculated by applying the effective interest rate to the gross carrying amount of a financial asset except for: (a) purchased or originated credit-impaired financial assets. For those financial assets, the entity shall apply the credit-adjusted effective interest rate to the amortized cost of the financial asset from initial recognition. 3.22 Finance and other income (continued) (b) financial assets that are not purchased or originated credit-impaired financial assets but subsequently have become credit-impaired financial assets. For those financial assets, our Company applies the effective interest rate to the amortized cost of the financial asset in subsequent reporting periods. Rental income Rental income arising from operating leases on investment properties is accounted for on a straight-line basis over the lease terms and is included in other operating income due to its operating nature. Dividends Revenue is recognized when our Company’s right to receive the payment is established, which is generally when shareholders approve the dividend.
Significant accounting judgements, estimates and assumptions	3.23 Significant accounting judgements, estimates and assumptions The preparation of our Company’s consolidated financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying disclosures, and the disclosure of contingent liabilities. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods. Judgements In the process of applying our Company’s accounting policies, management has made the following judgements, which have the most significant effect on the amounts recognized in the consolidated financial statements: Revenue recognition - identifying single performance obligation in SDI projects SDI projects comprise various activities such as supply cables, installation, jointing services and testing services. Those tasks are activities to fulfil the cable management service (supply and installation) and not a separate promise within the context of the contract. Our Company determines the supply cables and installation services are not capable of being distinct and identifies to be one performance obligation because of (i) the customer could not benefit from the installed cables on its own, neither using it or to sell it for an amount greater than scrap value; (ii) our Company is providing a significant integration service, and it would not be able to fulfil its promise to transfer the cables separately from its promise to the subsequent installation; (iii) the cables and installation are highly interrelated, and the customer could not benefit from the cables being delivered without subsequent installation. Estimates and assumptions The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are described below. Our Company based its assumptions and estimates on parameters available when the consolidated financial statements were prepared. Existing circumstances and assumptions about future developments, however, may change due to market changes or circumstances arising beyond the control of our Company. Such changes are reflected in the assumptions when they occur. 3.23 Significant accounting judgements, estimates and assumptions (continued) Impairment of non-financial assets At each reporting date or whenever events indicate that the asset’s value has declined or significant changes in the market with an adverse effect have taken place, our Company assesses whether there is an indication that an asset in the scope of IAS 36 may be impaired. If any indication exists, our Company completes impairment testing for the CGU to which the individual assets belong. Where the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. The recoverable amount of an individual asset or CGU is the higher of fair value less costs to sell and its value in use. The fair value less costs of disposal (FVLCD) calculation is based on available data from binding sale arrangements, conducted at arm’s length, for similar assets or observable market prices less incremental costs for disposal of the assets. The value in use (VIU) is measured at the net present value of the future cash flows the entity expects to derive from the asset or CGU. Cash flow projection involves subjective judgments and estimates which include the estimated useful lives of property, plant and equipment, capacity that generates future cash flows, capacity of physical output, potential fluctuations of economic cycle in the industry and our Company’s operating situation. Due to the implications of COVID-19 on global asset prices, availability of capital and risk appetites of market participants, the price may appear to be “distress sale” requiring adjustment in the fair value estimation. However, other than in extreme cases, such decreases in value should not be adjusted for a lack of current information or declines in trading. In addition, the FVLCD may not have the quoted price for the calculation because there may have been a significant reduction in trading volumes for a particular asset listed on a public market. Due to the difficulties in determining FVLCD, it is therefore more practical, where possible, to use VIU as recoverable amount. When determining VIU, it is important that the estimates of future cash flows are realistic. However,, in the current environment, models of the future will need to incorporate unprecedented shock, as decreases in asset values, decline in demand for goods and services and supply chain disruptions may be dissimilar to any previously encountered scenario. This will make forecasting particularly difficult. In 2020, our Company recognized an impairment loss of $198 at Sigma Cable due to lack of profitability and certain machinery and equipment would not generate the expected future cash flows. See Note 15 – Property, Plant and Equipment. Fair value of financial instruments Where the fair values of financial assets and financial liabilities recorded in the balance sheet cannot be derived from active markets, they are determined using valuation techniques including income approach (for example, the discounted cash flows model) or the market approach. Changes in assumptions about these factors could affect the reported fair value of the financial instruments. Please refer to Note 11 for more details. Measurement of ECL allowance for trade receivables Our Company applies the IFRS 9 simplified approach to measure lifetime expected loss allowance for trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles of the sales over a period of 36 month before December 31, 2022 and the historical credit loss experience within this period. The historical loss rates are adjusted to reflect current and forward-looking information on general economic conditions affecting the ability of the customers to settle the receivables. Our Company has identified the default rate of the countries where it sells the goods and services as the most relevant factor and adjusts the historical loss rates based on the expected changes accordingly. 3.23 Significant accounting judgements, estimates and assumptions (continued) Measurement of ECL allowance for trade receivables (continued) In addition, COVID-19 has impacted the ability of certain customers to settle the trade receivables, it may lead to a significant increase in the loss rate for trade receivables. Therefore, our Company considered how the timing and amount of cash flows generated by outstanding trade receivables might be affected and increase loss rates as necessary. Our Company may consider a longer time horizon when payment dates are deferred for a significant period. Refer to Note 12 and Note 27 for more information regarding the impairment of trade receivables and the related credit risks. Net realizable value of inventory Net realized value is the estimated selling price in the ordinary course of business less estimated costs to completion and the estimated costs necessary to make the sale. Management makes reference to actual sales prices after reporting date when making their estimate of net realizable value. Refer to Note 13 for more information regarding the net realizable value of inventory. Taxes Uncertainties exist with respect to the interpretation of complex tax regulations, changes in tax laws, and the amount and timing of future taxable income. Given the wide range of international business relationships and the long-term nature and complexity of existing contractual agreements, differences arising between the actual results and the assumptions made, or future changes to such assumptions, could necessitate future adjustments to tax income and expense already recorded. Our Company establishes provisions, based on reasonable estimates, for possible consequences of audits by the tax authorities of the respective countries in which it operates. The amount of such provisions is based on various factors, such as experience of previous tax audits and differing interpretations of tax regulations by the taxable entity and the taxing authority. Such differences of interpretation may arise on a wide variety of issues depending on the conditions prevailing in the respective domicile of the companies. Deferred tax assets are recognized for unused tax losses to the extent that it is probable that taxable profit will be available against which the losses can be utilized. Significant management judgement is required to determine the amount of deferred tax assets that can be recognized, based upon the likely timing and the level of future taxable profits together with future tax planning strategies. As of December 31, 2022, our Company has $20,660 (2021: $15,245) of tax losses carried forward. These losses related to subsidiaries that have a history of losses, do not expire and may not be used to offset taxable income elsewhere in our Company except for $1,373 (2021: $204) that will be realized. The subsidiaries do not have any tax planning opportunities available that could support the recognition of these losses as deferred tax assets. On this basis, our Company has determined that it cannot recognize deferred tax assets on the tax losses carried forward. If our Company was able to recognize all unrecognized deferred tax assets, profit and equity would have increased by $3,969 (2021: $4,858; 2020: $5,617). Further details on taxes are disclosed in Note 8. 3.23 Significant accounting judgements, estimates and assumptions (continued) Post-employment benefits under defined benefit plans In accordance with the Thailand labor law, Charoong Thai and its subsidiaries are obliged to make payment to retiring employees, at rate of 1 to 13 times of their final monthly salary rate, depending on the length of service. In addition, Charoong Thai also has the extra benefit plan to make payment to qualified retiring employees at rates of 1 to 26 times of their final monthly salary. The cost of the defined benefit pension plan and the present value of the pension obligation are determined using actuarial valuations. An actuarial valuation involves making various assumptions that may differ from actual developments in the future. These include the determination of the discount rate, future salary increases and mortality rates. Due to the complexity of the valuation and its long-term nature, a defined benefit obligation is highly sensitive to changes in these assumptions. All assumptions are reviewed at each reporting date. In determining the appropriate discount rate, management considers the inactive corporate bond trading in Thailand, taken into account the yields on Thai Government Bonds and extrapolated maturity corresponding to the expected duration of the defined benefit obligation. The mortality rate is based on most recent mortality investigation on policyholders of life insurance companies in Thailand. Future salary increases and pension increases are based on expected future inflation rates derived from external economic data, together with historical experience of Charoong Thai. Further details about the assumptions used, including a sensitivity analysis, are given in Note 21. Revenue recognition of SDI projects Revenue occurs when control transfers to the customer, either over a period of time or at a single point in time, depending on the scope of each individual contract. When the transfer of control to the customer occurs over a period of time, revenue of SDI is accounted for using an input method (input costs to total expected input costs) to measure the progress used to determine the amount of related revenue. When the comparison of total contract revenue to total expected input cost indicates a loss, a provision for the entire loss on the contract shall be made in the period in which they become known. Due to the individual nature of the work to be performed on each SDI contract, management’s estimation of total expected input costs is complex and requires significant judgment. The carrying amount of our Company’s gross amounts due from customers for contract work-in-progress is disclosed in Note 14.

BASIS OF PREPARATION (Tables)

BASIS OF PREPARATION (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Basis Of Preparation Of Financial Statements [Abstract]
Subsidiaries of the Company	The subsidiaries of our Company are set out below: Percentage of equity interest Place of incorporation and operations 2022 2021 The British Virgin Islands APWC General Holdings Limited 100 % 100 % PRC (APWC) Holding Ltd. 100 % 100 % Samray Inc. 100 % 100 % Siam (APWC) Holdings Ltd. 100 % 100 % Moon View Ltd. 100 % 100 % Trigent Investment Holdings Limited 100 % 100 % Crown Century Holdings Ltd. 100 % 100 % Singapore Sigma Cable Company (Private) Limited (“Sigma Cable”) 98.30 % 98.30 % Epan Industries Pte Ltd. 98.30 % 98.30 % Singvale Pte Ltd. 100 % 100 % The People’s Republic of China (“PRC”) Ningbo Pacific Cable Co., Ltd. (“Ningbo Pacific”) 97.93 % 97.93 % Shanghai Yayang Electric Co., Ltd. (“SYE”) 68.75 % 68.75 % Pacific Electric Wire & Cable (Shenzhen) Co., Ltd. (“PEWS”) 97.93 % 97.93 % Hong Kong Crown Century Holdings Limited (“CCH (HK)”) 97.93 % 97.93 % Australia Australia Pacific Electric Cable Pty Limited (“APEC”) 98.06 % 98.06 % Thailand Charoong Thai Wire and Cable Public Company Limited (“Charoong Thai”) (i) 50.93 % 50.93 % Siam Pacific Electric Wire & Cable Company Limited (“Siam Pacific”) 50.93 % 50.93 % Double D Cable Company Limited (“Double D”) 50.93 % 50.93 % Hard Lek Limited. 73.98 % 73.98 % APWC (Thailand) Co., Ltd. 99.48 % 99.48 % PEWC (Thailand) Co., Ltd. 99.48 % 99.48 % CTW Beta Co., Ltd. 50.89 % 50.89 % Siam Fiber Optics Co., Ltd. (“SFO”) (ii) 50.93 % 50.93 % Taiwan Asia Pacific New Energy Corporation Limited ("APNEC") (iii) 100.00 % 100.00 % Pacific Smart System Corporation Limited ("PSSC") (iii) 100.00 % 100.00 % YADING Energy Corporation Limited ("YADING") 100.00 % 100.00 % (i) Charoong Thai is listed on the Stock Exchange of Thailand and is engaged in the manufacturing of wire and cable products for the power and telecommunications industries in Thailand. (ii) APWC holds 50.93% of the interests of Charoong Thai. Until June 30, 2021, Charoong Thai held 90% of the interests in SFO, giving APWC control over 45.84% of the voting power of SFO. On June 30, 2021, Charoong Thai acquired the other 10% interest in SFO (for a total consideration of THB 7.5 million), increasing its interests in SFO to 100% and APWC’s control of the voting power of SFO from 45.84% to 50.93%. Our Company recorded the effect of change in shareholding of the subsidiaries, amounting to $167 under the caption of “Additional paid-in capital” in the consolidated statement of change in equity. 2.2 Basis of consolidation (continued) (iii) On December 15, 2022, APWC contributed additional capital in APNEC in the form of a cash injection of $3.9 million (or NT$120 million). Following that, on December 16, 2022, APNEC increased the capital of its subsidiary PSSC by injecting US$2.3 million (or NT$70 million) in cash. Proportion of equity interest held by NCI: Country of incorporation and operation As of December 31, Name 2022 2021 Charoong Thai and its subsidiaries (“CTW Consolidated”) Thailand 49.07 % 49.07 % SYE China 31.25 % 31.25 %

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Summary Of Significant Accounting Policies [Abstract]
Estimated Useful Lives of Assets	Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets as follows: ► Buildings 15-30 years ► Building improvement 2-20 years ► Machinery and equipment 4-20 years ► Motor vehicles 3-10 years ► Office equipment 3-20 years
Lease Term or Estimated Useful Lives of Assets	Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets, as follows: ►Land use right 2 to 37 years ►Buildings 2 to 3 years ►Motor vehicles 2 to 3 years ►Office equipment 3 to 5 years

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of operating segments [abstract]
Summary of Segment Information	Inter-segment revenues are eliminated upon consolidation and reflected in the “adjustments and eliminations” column. All other adjustments and eliminations are part of detailed reconciliations presented further below. 5(b) Information about reportable segments Year ended North Thailand ROW Total Corporate Consolidated US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 Revenues External customers 77,329 171,841 184,723 433,893 — 433,893 Inter-segment — (5) — (5) 5 — Segment operating profit/(loss) 241 2,636 7,768 10,645 (3,093) 7,552 Depreciation and amortization(including depreciation from right of use assets) (1,247) (3,058) (1,448) (5,753) (82) (5,835) Interest income 68 49 2 119 1 120 Interest expense (91) (787) (608) (1,486) (2) (1,488) Income tax expense (354) (420) (1,979) (2,753) (55) (2,808) Other disclosures Capital expenditure 1,486 1,780 541 3,807 1 3,808 5(b) Information about reportable segments (continued) Year ended North Thailand ROW Total Corporate Consolidated US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 Revenues External customers 107,032 197,779 171,848 476,659 — 476,659 Inter-segment — 7 — 7 (7) — Segment operating profit/(loss) 4,523 (13,537) 6,690 (2,324) (3,009) (5,333) Depreciation and amortization(including depreciation from right of use assets) (1,074) (2,752) (1,566) (5,392) (102) (5,494) Impairment of property, plant and equipment — (7) — (7) — (7) Interest income 43 76 3 122 1 123 Interest expense (285) (380) (340) (1,005) (92) (1,097) Income tax (expense)/benefit (2,104) 4,223 (1,539) 580 765 1,345 Other disclosures Capital expenditure 11 5,585 2,018 7,614 937 8,551 5(b) Information about reportable segments (continued) Year ended North Thailand ROW Total Corporate Consolidated US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 Revenues External customers 73,199 143,647 96,718 313,564 — 313,564 Inter-segment — — — — — — Segment operating profit/(loss) 3,087 11,250 (4,492) 9,845 (2,973) 6,872 Depreciation and amortization(including depreciation from right of use assets) (796) (2,773) (1,715) (5,284) (118) (5,402) Impairment of property, plant and equipment — (4) (198) (202) — (202) Interest income 94 192 33 319 1 320 Interest expense (178) (105) (257) (540) (75) (615) Income tax (expense)/benefit (791) (2,344) (714) (3,849) (167) (4,016) Other disclosures Capital expenditure 3,763 10,674 167 14,604 — 14,604
Reconciliation of segment operating profit (loss)	5(c) Reconciliation of segment operating profit (loss) For the year ended December 31, 2022 2021 2020 US$’000 US$’000 US$’000 Segment operating profit/(loss) 10,645 (2,324) 9,845 Corporate expenses and others (3,093) (3,009) (2,973) 7,552 (5,333) 6,872 Other operating income 1,027 587 814 Other operating expenses (512) (227) (129) Operating profit/(loss) 8,067 (4,973) 7,557 Finance costs (1,650) (1,251) (744) Finance income 120 123 320 Share of loss of associates (1) (1) (1) Exchange gain/(loss) 143 (4,425) (579) Other income 889 671 1,173 Other expense (3) (1) (1) Profit/(loss) before tax 7,565 (9,857) 7,725
Reconciliation of assets and liabilities	5(d) Segment assets and liabilities North Thailand ROW Total Corporate Consolidated US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 As of December 31, 2022 Total assets 54,534 168,423 133,516 356,473 14,546 371,019 Total liabilities 13,649 62,584 75,863 152,096 7,495 159,591 As of December 31, 2021 Total assets 56,629 186,405 136,145 379,179 10,249 389,428 Total liabilities 15,166 76,610 80,731 172,507 7,604 180,111 Reconciliation of assets: As of December 31, 2022 2021 US$’000 US$’000 Segment operating assets 356,473 379,179 Corporate and other assets 6,598 2,173 Investment in associates 805 835 Deferred tax assets 7,143 7,241 Total assets 371,019 389,428 As of December 31, 2022 2021 US$’000 US$’000 Segment operating liabilities 152,096 172,507 Corporate liabilities 3,298 3,499 Deferred tax liabilities 4,197 4,105 Total liabilities 159,591 180,111
Revenue From External Customers Based Major Categories	(i)Revenue from external customers is summarized as the following major categories: Year ended North Thailand ROW Total Corporate Consolidated US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 Revenue from external customers Power 92 46,340 135,739 182,171 — 182,171 Enamel 76,002 102,122 — 178,124 — 178,124 SDI 1,209 — 44,722 45,931 — 45,931 Others* 26 23,379 4,262 27,667 — 27,667 77,329 171,841 184,723 433,893 — 433,893 Timing of revenue recognition At a point in time 77,287 171,613 158,510 407,410 — 407,410 Over time 42 228 26,213 26,483 — 26,483 77,329 171,841 184,723 433,893 — 433,893 * include revenues from fabrication service contracts, and sale of other wires and cables products. Year ended North Thailand ROW Total Corporate Consolidated US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 Revenue from external customers Power — 63,629 127,891 191,520 — 191,520 Enamel 107,027 105,749 — 212,776 — 212,776 SDI — — 39,476 39,476 — 39,476 Others* 5 28,401 4,481 32,887 — 32,887 107,032 197,779 171,848 476,659 — 476,659 Timing of revenue recognition At a point in time 107,032 197,544 146,991 451,567 — 451,567 Over time — 235 24,857 25,092 — 25,092 107,032 197,779 171,848 476,659 — 476,659 * include revenues from fabrication service contracts, and sale of other wires and cables products. Year ended North Thailand ROW Total Corporate Consolidated US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 Revenue from external customers Power — 48,851 78,779 127,630 — 127,630 Enamel 73,179 57,971 — 131,150 — 131,150 Fabrication — 33,101 — 33,101 — 33,101 Others* 20 3,724 17,939 21,683 — 21,683 73,199 143,647 96,718 313,564 — 313,564 Timing of revenue recognition At a point in time 73,199 143,463 86,050 302,712 — 302,712 Over time — 184 10,668 10,852 — 10,852 73,199 143,647 96,718 313,564 — 313,564 * include revenues from SDI service contracts (which amounted to US$15.6 million in 2020), fabrication service contracts, and sale of other wires and cables products.
Revenue From External Customers and Non-Current Assets Broken Down by Country of Domicile	(ii)Revenue from external customers is attributed to individual countries based on the customer’s country of domicile and is summarized as follows: For the year ended Current period end 2022 2021 2020 US$’000 US$’000 US$’000 Revenues from external customers Thailand 153,164 168,773 128,868 Singapore 118,789 95,116 44,477 Australia 60,299 67,652 45,161 China, Hong Kong, and Taiwan 82,187 118,219 77,411 India 779 1,248 2,860 Southeast Asia 18,663 25,643 14,774 Northeast Asia 12 8 13 433,893 476,659 313,564 The total non-current assets other than financial instruments and deferred tax assets broken down by the country of domicile are summarized as follow: As of December 31, 2022 2021 US$’000 US$’000 Non-current assets by country: Thailand 37,653 40,423 Singapore 5,304 5,601 China, Hong Kong, and Taiwan 10,313 10,725 Australia 7,141 7,815 Other 207 71 Total non-current assets 60,618 64,635

MATERIAL PARTLY-OWNED SUBSIDI_2

MATERIAL PARTLY-OWNED SUBSIDIARIES (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of subsidiaries [abstract]
Subsidiaries of the Company	The subsidiaries of our Company are set out below: Percentage of equity interest Place of incorporation and operations 2022 2021 The British Virgin Islands APWC General Holdings Limited 100 % 100 % PRC (APWC) Holding Ltd. 100 % 100 % Samray Inc. 100 % 100 % Siam (APWC) Holdings Ltd. 100 % 100 % Moon View Ltd. 100 % 100 % Trigent Investment Holdings Limited 100 % 100 % Crown Century Holdings Ltd. 100 % 100 % Singapore Sigma Cable Company (Private) Limited (“Sigma Cable”) 98.30 % 98.30 % Epan Industries Pte Ltd. 98.30 % 98.30 % Singvale Pte Ltd. 100 % 100 % The People’s Republic of China (“PRC”) Ningbo Pacific Cable Co., Ltd. (“Ningbo Pacific”) 97.93 % 97.93 % Shanghai Yayang Electric Co., Ltd. (“SYE”) 68.75 % 68.75 % Pacific Electric Wire & Cable (Shenzhen) Co., Ltd. (“PEWS”) 97.93 % 97.93 % Hong Kong Crown Century Holdings Limited (“CCH (HK)”) 97.93 % 97.93 % Australia Australia Pacific Electric Cable Pty Limited (“APEC”) 98.06 % 98.06 % Thailand Charoong Thai Wire and Cable Public Company Limited (“Charoong Thai”) (i) 50.93 % 50.93 % Siam Pacific Electric Wire & Cable Company Limited (“Siam Pacific”) 50.93 % 50.93 % Double D Cable Company Limited (“Double D”) 50.93 % 50.93 % Hard Lek Limited. 73.98 % 73.98 % APWC (Thailand) Co., Ltd. 99.48 % 99.48 % PEWC (Thailand) Co., Ltd. 99.48 % 99.48 % CTW Beta Co., Ltd. 50.89 % 50.89 % Siam Fiber Optics Co., Ltd. (“SFO”) (ii) 50.93 % 50.93 % Taiwan Asia Pacific New Energy Corporation Limited ("APNEC") (iii) 100.00 % 100.00 % Pacific Smart System Corporation Limited ("PSSC") (iii) 100.00 % 100.00 % YADING Energy Corporation Limited ("YADING") 100.00 % 100.00 % (i) Charoong Thai is listed on the Stock Exchange of Thailand and is engaged in the manufacturing of wire and cable products for the power and telecommunications industries in Thailand. (ii) APWC holds 50.93% of the interests of Charoong Thai. Until June 30, 2021, Charoong Thai held 90% of the interests in SFO, giving APWC control over 45.84% of the voting power of SFO. On June 30, 2021, Charoong Thai acquired the other 10% interest in SFO (for a total consideration of THB 7.5 million), increasing its interests in SFO to 100% and APWC’s control of the voting power of SFO from 45.84% to 50.93%. Our Company recorded the effect of change in shareholding of the subsidiaries, amounting to $167 under the caption of “Additional paid-in capital” in the consolidated statement of change in equity. 2.2 Basis of consolidation (continued) (iii) On December 15, 2022, APWC contributed additional capital in APNEC in the form of a cash injection of $3.9 million (or NT$120 million). Following that, on December 16, 2022, APNEC increased the capital of its subsidiary PSSC by injecting US$2.3 million (or NT$70 million) in cash. Proportion of equity interest held by NCI: Country of incorporation and operation As of December 31, Name 2022 2021 Charoong Thai and its subsidiaries (“CTW Consolidated”) Thailand 49.07 % 49.07 % SYE China 31.25 % 31.25 %
Summarized Financial Information of Subsidiaries	This information is based on amounts before inter-company eliminations: Summarized statements of comprehensive income CTW consolidated For the year ended December 31, 2022 2021 2020 US$’000 US$’000 US$’000 Revenue 171,846 197,786 143,647 Profit/(loss) before tax 2,063 (16,038) 11,793 Income tax expense (420) 4,223 (2,344) Profit/(loss) for the year 1,643 (11,815) 9,449 Other comprehensive loss (3,696) (12,699) (1,406) Total comprehensive (loss)/income (2,053) (24,514) 8,043 Profit/(loss) attributable to non-controlling interests 806 (5,815) 4,631 Dividends paid to non-controlling interests 563 2,815 1,228 Summarized statements of comprehensive income SYE For the year ended December 31, 2022 2021 2020 US$’000 US$’000 US$’000 Revenue — 530 6,291 Profit/(loss) before tax 90 (497) (1,161) Income tax expense — — — Profit/(loss) for the year 90 (497) (1,161) Other comprehensive (loss)/income (56) 17 84 Total comprehensive loss 34 (480) (1,077) Loss attributable to non-controlling interests 28 (155) (363) Dividends paid to non-controlling interests — — — Summarized balance sheets CTW consolidated SYE As of December 31, As of December 31, 2022 2021 2022 2021 US$’000 US$’000 US$’000 US$’000 Current assets 127,855 141,282 375 565 Non-current assets 54,899 59,547 1,058 1,266 Current liabilities (45,909) (68,142) (772) (1,204) Non-current liabilities (16,677) (8,477) — — Total equity 120,168 124,210 661 627 Equity attributable to: Equity holders of the parent 61,202 63,260 454 431 Non-controlling interests 58,966 60,950 207 196 6(b) Summarized financial information about the subsidiaries (continued) Summarized cash flow information CTW consolidated For the year ended December 31, 2022 2021 2020 US$’000 US$’000 US$’000 Operating 7,657 (37,392) 19,713 Investing (951) (2,496) (10,952) Financing (7,726) 42,981 (5,118) Effect of changes in exchange rate on cash (1,008) (3,333) (87) Net (decrease) increase in cash and cash equivalents (2,028) (240) 3,556 Summarized cash flow information SYE For the year ended December 31, 2022 2021 2020 US$’000 US$’000 US$’000 Operating (265) 318 (1,844) Investing 230 65 278 Financing — (1,226) (769) Effect of changes in exchange rate on cash (36) 16 98 Net decrease in cash and cash equivalents (71) (827) (2,237)

INCOME AND EXPENSES ITEMS (Tabl

INCOME AND EXPENSES ITEMS (Tables)	12 Months Ended
	Dec. 31, 2022
Analysis of income and expense [abstract]
Summary of Other Operating Income	7(a) Other operating income 2022 2021 2020 US$’000 US$’000 US$’000 Gain on disposal of investment property 271 — — Gain on disposal of assets classified as held for sale 240 — — Gain on disposal of property, plant, and equipment 132 318 239 Rental income 254 179 199 Reversal of allowance for other receivable — — 80 Reversal of allowance for trade receivables for related parties 1 — 11 Reversal of allowance for trade receivable — — — Other operating income – others 129 90 285 Total other operating income 1,027 587 814
Summary of Other Operating Expenses	7(b) Other operating expenses 2022 2021 2020 US$’000 US$’000 US$’000 Allowance for trade receivables 509 205 124 Allowance for trade receivables for related parties — 15 — Impairment of property, plant, and equipment — 7 4 Other operating expenses – others 3 — 1 Total other operating expenses 512 227 129
Summary of Finance Costs and Finance Income	7(c) Finance costs 2022 2021 2020 US$’000 US$’000 US$’000 Interest on debts and borrowings 1,408 1,027 536 Interest on leases liabilities 80 70 79 Total interest expenses 1,488 1,097 615 Banking charges 162 154 129 Total finance costs 1,650 1,251 744 7(d) Finance income 2022 2021 2020 US$’000 US$’000 US$’000 Interest income 120 123 320 Total finance income 120 123 320
Summary of Other Income and Other Expenses	7(e) Other income 2022 2021 2020 US$’000 US$’000 US$’000 Government grants 639 271 973 Net gain on financial instruments 33 259 3 Dividend income 97 106 108 Other income 120 35 89 Total other income 889 671 1,173 The government grants for year 2020 due to the COVID-19 epidemic is US$882K. 7(f) Other expenses 2022 2021 2020 US$’000 US$’000 US$’000 Others 3 1 1 Total other expenses 3 1 1
Summary of Depreciation, Amortization and Lease Expense Included in Consolidated Income Statements	7(g) Depreciation, amortization and lease expense included in the consolidated income statements 2022 2021 2020 US$’000 US$’000 US$’000 Included in cost of sales: Depreciation – tangible assets 4,278 3,863 3,893 Depreciation – right of use assets 133 127 121 Amortization – intangible assets 24 21 19 Lease expenses 1 1 2 Included in selling expenses: Depreciation – tangible assets 116 108 92 Depreciation – right of use assets 167 144 113 Amortization – intangible assets — — 1 Lease expenses 1 1 1 Included in general and administrative expenses: Depreciation – tangible assets 538 619 590 Depreciation – right of use assets 382 390 387 Amortization – intangible assets 21 26 42 Depreciation – investment property 176 196 144 Lease expenses 12 4 14 5,849 5,500 5,419
Summary of Employee Benefits Expenses	7(h) Employee benefits expenses 2022 2021 2020 US$’000 US$’000 US$’000 Included in cost of sales: Wages and salaries 12,555 14,088 13,065 Labor and health insurance costs 79 77 71 Pension costs 886 828 736 Other employment benefits 734 843 702 Included in selling expenses: Wages and salaries 3,881 4,191 3,557 Labor and health insurance costs 9 8 7 Pension costs 337 360 300 Other employment benefits 25 36 14 Included in general and administrative expenses: Wages and salaries 7,950 8,435 8,861 Labor and health insurance costs 103 104 89 Pension costs 608 661 640 Director fees 412 587 1,065 Other employment benefits 138 222 186 Total employee benefits expenses 27,717 30,440 29,293

INCOME TAX (Tables)

INCOME TAX (Tables)	12 Months Ended
	Dec. 31, 2022
Major components of tax expense (income) [abstract]
Major Components of Income Tax (Benefits) Expenses	The major components of income tax (benefits) expenses for the years ended December 31, 2022, 2021 and 2020 are: 2022 2021 2020 US$’000 US$’000 US$’000 Consolidated income statements Current income tax: Current income tax charge 3,547 3,078 3,376 Previously unrecognized tax loss or temporary difference used to reduce current income tax (697) (96) (89) Adjustments for current income tax of prior years (54) — (1) Total current income tax 2,796 2,982 3,286 Deferred tax expenses/(benefits): Relating to origination and reversal of temporary differences 12 (4,327) 782 Previously unrecognized tax loss or temporary difference used to reduce deferred tax expenses — — (52) Total deferred tax expenses/(benefits) 12 (4,327) 730 Income tax expenses (benefit) reported in the income statement 2,808 (1,345) 4,016 Consolidated statements of comprehensive income Deferred tax related to items recognized in other comprehensive income during the year: Change in the fair value of equity instrument measured at fair value through other comprehensive income Recognized during the year (270) 147 (358) Effect of change in tax rate — — — Net income on actuarial gains and losses Recognized during the year 147 112 40 Effect of change in tax rate — — — Income tax (benefit) expense charged to other comprehensive income (loss) (123) 259 (318)
Reconciliation of Difference Between Tax Computed at Statutory Tax Rate and Income Tax (Benefits) Expenses	The reconciliation of difference between tax computed at the statutory tax rate and income tax (benefits) expenses reported in the consolidated income statement is as follows: 2022 2021 2020 US$’000 US$’000 US$’000 Profit/(loss) before tax 7,565 (9,857) 7,725 Tax at statutory rate of 20% (2021: 20%; 2020: 20%) 1,513 (1,971) 1,545 Foreign income taxed at different rate 1,332 1,465 1,100 Expenses not deductible for tax purpose 241 94 255 Utilization of previously unrecognized tax losses/temporary differences (697) (96) (89) Tax benefit arising from previously unrecognized tax losses — — (52) Net deferred tax asset not recognized 382 327 1,151 Written-off deferred tax — — — Tax exempt on income (65) (99) (57) Uncertain tax position (102) (1,173) (273) Return to provision adjustment (54) — (1) Deferred tax liability arising from undistributed earnings 96 (309) 270 Withholding tax on dividends 163 452 163 Others (1) (35) 4 Income tax expense/(benefit) reported in consolidated income statement 2,808 (1,345) 4,016
Summary of Deferred Tax	Deferred tax relates to the following: Consolidated balance sheet Consolidated income statement As of December 31, For the year ended Decembers 31, 2022 2021 2022 2021 2020 US$’000 US$’000 US$’000 US$’000 US$’000 Outside basis differences (3,886) (3,790) 96 (309) 270 Revaluations of financial assets at fair value through other comprehensive income (198) (469) — — — Accrued interest income — — — — (172) Unutilized building allowance (net) (8) (21) (13) 9 (24) Unused tax losses 1,373 204 (1,158) (162) 481 Allowance for doubtful accounts 46 167 113 105 (21) Inventory impairment 2,897 3,170 150 (2,914) 137 Rebates and other accrued liabilities 661 617 (85) (170) (17) Unpaid retirement benefits 1,281 1,327 — 26 41 Deferred revenue and cost of sales 19 30 10 (15) 5 Actuarial loss 498 644 — — — Unabsorbed depreciation 588 731 90 (67) 9 Provision for loss on onerous sale contract — 860 817 (897) — Leases 36 48 9 3 (1) Others (361) (382) (17) 64 22 Deferred tax expenses/(benefits) 12 (4,327) 730 Net deferred tax assets 2,946 3,136
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability Asset Explanatory	Reconciliation of deferred tax assets, net 2022 2021 2020 US$’000 US$’000 US$’000 Opening balance as of January 1 3,136 (519) (200) Tax (expense)/benefit during the period recognized in profit or loss (12) 4,327 (730) Tax benfit/(expense) during the period recognized in other comprehensive income 123 (259) 318 Exchange difference on translation foreign operations (301) (413) 93 Closing balance as of December 31 2,946 3,136 (519)
Year of Expiration and Amount of Available Unused Net Operating Losses	Our Company has available unused net operating losses which arose in Thailand, China, Hong Kong, Singapore and Taiwan as of December 31, 2022 and 2021, that may be applied against future taxable income and that expire as follows respectively: As of December 31, Year of expiration 2022 2021 US$’000 US$’000 2022 — 2,090 2023 4,054 4,353 2024 2,955 3,156 2025 1,773 1,912 2026 3,011 3,184 2027 5,887 — 2032 184 — No expiration 2,796 550 20,660 15,245
Reconciliation of Beginning and Ending Amounts of Uncertain Tax Position	A reconciliation of the beginning and ending amounts of uncertain tax position is as follows: Change in Uncertain Tax Positions 2022 2021 2020 US$’000 US$’000 US$’000 Balance as of January 1 28 339 451 Decrease due to lapses in statute of limitations (26) (312) (144) Exchange difference (2) 1 32 Balance as of December 31 — 28 339
Accrued Interest and Penalties on Uncertain Tax Position	The amount of related interest and penalties our Company has provided as of the dates listed below were: As of December 31, 2022 2021 2020 US$’000 US$’000 US$’000 Accrued interest on uncertain tax position — 46 597 Accrued penalties on uncertain tax position — 28 339 Total accrued interest and penalties on uncertain tax position — 74 936

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings per share [abstract]
Computation of Basic and Diluted Earnings Attributable to Common Shareholders Per Share	The following table sets forth the computation of basic and diluted earnings attributable to common shareholders per share: For the year ended Current period end 2022 2021 2020 US$’000 US$’000 US$’000 (except for number of shares and earnings per share) Numerator: Net profit (loss) attributable to APWC from continuing operations 3,874 (2,642) (552) Net profit (loss) attributable to APWC 3,874 (2,642) (552) Denominator: Weighted-average common shares outstanding – basic and diluted 20,020,364 13,819,669 13,819,669 Earnings (loss) per share – basic and diluted Continuing operations 0.19 (0.19) (0.04) Total earnings (loss) per share – basic and diluted 0.19 (0.19) (0.04)

CASH AND CASH EQUIVALENTS (Tabl

CASH AND CASH EQUIVALENTS (Tables)	12 Months Ended
	Dec. 31, 2022
Cash and cash equivalents [abstract]
Summary of Cash and Cash Equivalents	As of December 31, 2022 2021 US$’000 US$’000 Cash on hand and cash at banks 54,017 44,507 Bank overdrafts — (1,995) Balances per statement of cash flows 54,017 42,512

FINANCIAL ASSETS AND FINANCIA_2

FINANCIAL ASSETS AND FINANCIAL LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about financial instruments [abstract]
Summary of Other Financial Assets and Liabilities	11(a) Other financial assets and liabilities As of December 31, 2022 2021 US$’000 US$’000 Financial assets at fair value through other comprehensive income Equity instrument (Note 11(d)) 1,553 2,929 1,553 2,929 Financial assets at fair value through profit or loss Foreign exchange forward contracts (Note 11(c)) 39 249 39 249
Summary of Interest-bearing Loans and Borrowings	Interest bearing loans and borrowings are including current portion $45,576 and $62,083 as of December 31, 2022 and 2021, respectively. As of December 31, 2022 2021 Interest rate Maturity Local currency Interest rate Maturity Local currency % ‘000 US$’000 % ‘000 US$’000 Interest-bearing loans and borrowings Bank loans (including bank overdrafts US$1,995 in 2021) 4.94 Mar. 2044 AUD$4,589 3,113 3.07 Mar. 2044 AUD$7,458 5,410 Bank loans 4.50 ~ 4.90 Jul . 2023 RMB$30,100 4,321 3.85 ~ 4.53 Jul . 2022 RMB$41,751 6,552 Bank loans 5.42 Dec. 2023 SGD$6,000 4,470 1.98 Dec. 2022 SGD$5,000 3,696 Bank loans 2.23 Feb. 2024 THB$312,602 9,100 — — — — Trust receipt 1.60 ~ 2.20 Jun. 2023 THB$1,133,838 33,006 0.70 ~ 3.30 Jun. 2022 THB$1,648,835 49,729 Trust receipt 5.04 ~ 5.81 Apr. 2023 SGD$4,994 3,721 — — — — Total 57,731 65,387
Summary Of Foreign Currency Forward Contracts Assets And Liabilities	2022 2021 Assets Liabilities Assets Liabilities US$’000 US$’000 US$’000 US$’000 Foreign currency forward contracts Fair value 39 6 249 —
Disclosure of detailed information about financial instruments	Set out below is a comparison of the carrying amounts and fair value of our Company’s financial instruments that are carried in the financial statements: Carrying amount Fair value As of December 31, As of December 31, 2022 2021 2022 2021 US$’000 US$’000 US$’000 US$’000 Financial assets-current Financial assets at amortized cost Cash and cash equivalents 54,017 44,507 54,017 44,507 Financial assets at fair value at fair value through profit 39 249 39 249 Trade receivables 81,982 103,564 81,982 103,564 Other receivables 2,397 2,648 2,397 2,648 Due from related parties 11,018 13,965 11,018 13,965 Financial assets-non-current Financial assets at fair value through other comprehensive income 1,553 2,929 1,553 2,929 Financial assets at amortized cost Long-term bank deposits* 1,354 1,725 1,354 1,725 Total 152,360 169,587 152,360 169,587 Financial liabilities-current Liabilities at amortized cost Interest-bearing loans and borrowings 45,576 62,083 45,576 62,083 Trade and other payables 39,891 44,784 39,891 44,784 Due to related parties 16,613 11,865 16,613 11,865 Accruals 21,218 23,374 21,218 23,374 Lease liabilities 627 571 627 571 Financial liabilities-non-current Liabilities at amortized cost Interest-bearing loans and borrowings 12,155 3,304 12,155 3,304 Lease liabilities 1,947 1,916 1,947 1,916 Total 138,027 147,897 138,027 147,897 * included in other non-current assets
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets	Valuation technique Significant unobservable inputs Liquidity discount Sensitivity of the input to fair value 2022 2021 Financial asset Unquoted equity instrument Market Approach Method Liquidity Discount 30% 5% decrease in the discount would increase in fair value by $111 5% decrease in the discount would increase in fair value by $209
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income	A reconciliation of the beginning and closing balances is summarized below: 2022 2021 US$’000 US$’000 At January 1 2,929 2,271 Re-measurement financial assets to fair value, recognized in other comprehensive (loss) /income (1,352) 734 Exchange difference on translation (24) (76) At December 31 1,553 2,929

TRADE AND OTHER RECEIVABLES (Ta

TRADE AND OTHER RECEIVABLES (Tables)	12 Months Ended
	Dec. 31, 2022
Trade and other receivables [abstract]
Summary of Trade and Other Receivables	As of December 31, 2022 2021 US$’000 US$’000 Trade receivables 83,319 104,405 Less: Loss allowances (1,337) (841) Trade receivable, net 81,982 103,564 Other receivables 2,397 2,683 Less: Loss allowances — (35) Other receivable, net 2,397 2,648
Movement in Provision for Impairment of Trade Receivables	12(a) Movement in the loss allowance on trade receivables 2022 2021 US$’000 US$’000 At January 1 841 1,414 Charge for the year 712 383 Write-off (171) (734) Unused amounts reversed (204) (170) Currency translation adjustment (2) (65) Reclassification 161 13 At December 31 1,337 841
Aging Analysis of Trade Receivables	12(b) Aging analysis of trade receivables Past due Total Current 1-30 days 31-60 days 61-90 days 91-120 days >120 days US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 December 31, 2022 Expected loss rate 1.60% 0.09% 1.00% 2.40% 10.74% 37.04% 98.35% Gross carrying amount - trade receivables 83,319 69,607 10,166 2,127 298 27 1,094 Loss allowances 1,337 66 102 51 32 10 1,076 Trade receivable, net 81,982 69,541 10,064 2,076 266 17 18 December 31, 2021 Expected loss rate 0.81% 0.11% 0.68% 4.77% 7.14% 3.03% 53.12% Gross carrying amount - trade receivables 104,405 90,080 11,140 1,572 504 66 1,043 Loss allowances 841 98 76 75 36 2 554 Trade receivable, net 103,564 89,982 11,064 1,497 468 64 489

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2022
Classes of current inventories [abstract]
Summary of Inventories	As of December 31, 2022 2021 US$’000 US$’000 Raw materials and supplies 26,449 23,928 Work in progress 17,945 24,791 Finished goods 86,214 80,078 Total inventories at the lower of cost and net realizable value 130,608 128,797

CONTRACT ASSETS (Tables)

CONTRACT ASSETS (Tables)	12 Months Ended
	Dec. 31, 2022
Contract assets [abstract]
Schedule of Assets Related to Contracts with Customers	Assets related to contracts with customers As of December 31, 2022 2021 US$’000 US$’000 Contract assets - current 12,450 11,381
Aggregate Amount of the Transaction Price Allocated to the Unsatisfied Performance Obligations	The following table shows the aggregate amount of the transaction price allocated to the unsatisfied performance obligations. As of December 31, 2022 2021 US$’000 US$’000 Unsatisfied long-term SDI contracts Expected to be recognized as revenue over 3 years 109,816 119,025

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about property, plant and equipment [abstract]
Summary of Property, Plant and Equipment	Land Buildings Building improvement Machinery and equipment Motor vehicle Office Construction in Total US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 Cost At January 1, 2021 6,872 52,116 7,336 100,265 5,969 7,588 15,661 195,807 Additions — — 6 406 374 761 7,109 8,656 Disposals — (37) — (7,232) (517) (474) — (8,260) Transfer — (45) 108 4,523 88 11 (4,642) 43 Exchange differences (856) (3,942) (613) (9,798) (438) (339) (1,316) (17,302) At December 31, 2021 6,016 48,092 6,837 88,164 5,476 7,547 16,812 178,944 Additions — 210 353 454 298 645 1,593 3,553 Disposals — — — (3,783) (304) (457) (5) (4,549) Transfer — 4,038 1,280 10,637 — 200 (16,155) — Exchange differences (296) (1,753) (272) (4,158) (160) (535) (840) (8,014) At December 31, 2022 5,720 50,587 8,198 91,314 5,310 7,400 1,405 169,934 Depreciation/Impairment At January 1, 2021 — (38,485) (4,856) (87,544) (3,857) (6,365) — (141,107) Depreciation charge for the year — (993) (403) (2,184) (504) (506) — (4,590) Impairment — — — (5) — (2) — (7) Disposals — 36 — 7,170 505 468 — 8,179 Transfer — 45 — — (87) — — (42) Exchange differences — 3,389 428 8,639 268 318 — 13,042 At December 31, 2021 — (36,008) (4,831) (73,924) (3,675) (6,087) — (124,525) Depreciation charge for the year — (1,069) (438) (2,434) (435) (556) — (4,932) Impairment — — — — — — — — Disposals — — — 3,783 242 452 — 4,477 Transfer — — — — — — — — Exchange differences — 1,482 194 3,557 88 438 — 5,759 At December 31, 2022 — (35,595) (5,075) (69,018) (3,780) (5,753) — (119,221) Net book value At December 31, 2022 5,720 14,992 3,123 22,296 1,530 1,647 1,405 50,713 At December 31, 2021 6,016 12,084 2,006 14,240 1,801 1,460 16,812 54,419 At January 1, 2021 6,872 13,631 2,480 12,721 2,112 1,223 15,661 54,700

RIGHT-OF-USE ASSETS (Tables)

RIGHT-OF-USE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of quantitative information about right-of-use assets [abstract]
Summary of Right of Use Assets Recognized in Consolidated Balance Sheets	16(a) Amounts recognized in the consolidated balance sheets As of December 31, As of December 31, 2022 2021 Right of use assets US$’000 US$’000 Land 2,211 2,533 Buildings 935 690 Motor vehicle and other asset 134 135 Office equipment 152 35 3,432 3,393
Summary of Lease Expenses Recognized in Consolidated Income Statements	2022 2021 Depreciation charge of right of use assets US$’000 US$’000 Land 242 289 Buildings 337 286 Motor vehicle and other asset 65 53 Office equipment 38 33 682 661 Interest expenses (included in finance cost) 80 70 Expenses relating to short-term leases 11 3 Expenses relating to lease of low-value assets that are not short-term leases 3 3

INVESTMENT PROPERTIES (Tables)

INVESTMENT PROPERTIES (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about investment property [abstract]
Net Book Value of Investment Properties	17(a) Net book value of investment properties Land not being Office buildings Warehouse Land leasehold right Other Total US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 As of December 31, 2022 Cost 403 515 5,018 91 11 6,038 Less: Accumulated depreciation — (385) (397) (5) (1) (788) Net book value 403 130 4,621 86 10 5,250 As of December 31, 2021 Cost 418 716 5,366 98 — 6,598 Less: Accumulated depreciation — (516) (270) (3) — (789) Net book value 418 200 5,096 95 — 5,809
Reconciliation of Net Book Value of Investment Properties	A reconciliation of the net book value of investment properties was as follow: 2022 2021 US$’000 US$’000 Net book value at January 1 5,809 6,378 Addition 12 — Disposals (30) — Depreciation (included in administrative expenses) (176) (196) Exchange difference (365) (373) Net book value at December 31 5,250 5,809
Amount Recognized in Profit or Loss Arising from Investment Properties	17(b) The amount recognized in profit or loss arising from the investment properties 2022 2021 2020 US$’000 US$’000 US$’000 Rental income derived from investment properties 243 170 190 Direct operating expenses (including repairs and maintenance) generating rental income (157) (174) (145) Direct operating expenses (including repairs and maintenance) that did not generate rental income (21) (23) — Net profit (loss) arising from investment properties carried at cost 65 (27) 45
Fair Value of Investment Properties	17(c) Measuring investment properties at fair value The fair value of the investment properties are stated below: As of December 31, 2022 2021 US$’000 US$’000 Land not being used for operation 10,322 10,528 Office buildings for rent 1,995 2,444 Warehouse 5,291 5,658 Land leasehold right 158 173 Other 11 —

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about intangible assets [abstract]
Summary of Intangible Assets	2022 2021 US$’000 US$’000 Cost At January 1 696 743 Addition 62 4 Disposals — (19) Transfer — — Exchange difference (20) (32) At December 31 738 696 Accumulated amortization At January 1 (567) (563) Amortization (45) (47) Disposals — 19 Exchange difference 13 24 At Current period end (599) (567) Net book value At December 31 139 129

INVESTMENTS IN ASSOCIATES (Tabl

INVESTMENTS IN ASSOCIATES (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of associates [abstract]
Associates of the Company	19(a) Associates of our Company Percentage of As of December 31 Company Name Nature of business Country of 2022 2021 Shandong Pacific Rubber Cable Co., Ltd. (“SPRC”) Manufacturing of rubber cable PRC 25.00% 25.00% Siam Pacific Holding Company Limited (“SPHC”) Investment & holding company Thailand 49.00% 49.00% Loxpac (Thailand) Company Limited (“Loxpac”) (Formerly known as “Loxley Pacific Co., Ltd.) Providing telecommunication service Thailand 21.39% 21.39% Loxpac Hong Kong Co., Limited (“Loxpac HK”) (Formerly known as “Loxley Pacific Hong Kong Co., Limited” ) Investment & holding company Hong Kong 23.10% 23.10%
Movements in Investments in Associates	19(b) Carrying amounts of investment in associates As of December 31, 2022 2021 US$’000 US$’000 At January 1 835 930 Share of loss of associates (1) (1) Exchange difference (29) (94) At December 31 805 835
Summarized Financial Information of Investments in Associates	The following table summarized financial information of our Company’s investments in associates: As of December 31, 2022 2021 US$’000 US$’000 Summarized financial information of SPHC: Current assets 1 3 Non-current assets 1,818 1,884 Current liabilities (2) (1) Non-current liabilities (176) (182) Equity 1,641 1,704 Reconciliation to our Company’s investments in associates: Percentage of equity interest 49% 49% Carrying amount of the investment 805 835 For the year ended Current period end 2022 2021 2020 US$’000 US$’000 US$’000 Summarized financial information of SPHC: Revenue — — — Loss for the year (3) (2) (2) Reconciliation to our Company’s investments in associates: Percentage of equity interest 49% 49% 49% Share of the associates’ loss for the year: (1) (1) (1)

TRADE AND OTHER PAYABLES (Table

TRADE AND OTHER PAYABLES (Tables)	12 Months Ended
	Dec. 31, 2022
Trade and other current payables [abstract]
Summary of Trade and Other Payables	As of December 31, 2022 2021 US$’000 US$’000 Trade payables 29,258 32,428 Other payables 10,633 12,356 39,891 44,784

EMPLOYEE BENEFIT (Tables)

EMPLOYEE BENEFIT (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of net defined benefit liability (asset) [abstract]
Summary of Employee Benefits Liabilities	As of December 31, 2022 2021 Current Non-current Total Current Non-current Total US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 Employee benefit liabilities Pension-Defined benefit plans 1,320 7,576 8,896 1,387 8,467 9,854 Long service leave 627 117 744 600 126 726 Total 1,947 7,693 9,640 1,987 8,593 10,580
Summary of Components of Net Benefit Expense Recognized in Income Statement and Funded Status and Amounts Recognized in Consolidated Balance Sheets	The following tables summaries the components of net benefit expense recognized in the income statement and the funded status and amounts recognized in the consolidated balance sheet for the plan: For the year ended December 31, Net benefit cost 2022 2021 2020 US$’000 US$’000 US$’000 Current service cost 447 519 562 Past service cost 48 — — Interest cost on benefit obligation 154 127 147 Net benefit cost 649 646 709 For the year ended December 31, Other comprehensive income 2022 2021 2020 US$’000 US$’000 US$’000 Actuarial (gain) / loss – experience (263) 140 (328) Actuarial loss / (gain) – demographic assumption 74 (23) (1) Actuarial (gain) / loss – financial assumption (543) (676) 130 Actuarial gain (732) (559) (199) For the year ended December 31, Change in the defined obligation 2022 2021 2020 US$’000 US$’000 US$’000 Defined benefit obligation at January 1 9,854 11,300 11,742 Current service cost 447 519 562 Past service cost 48 — — Interest cost on benefit obligation 154 127 147 Benefits paid directly by our Company (653) (746) (954) Actuarial gain in other comprehensive income (732) (559) (199) Exchange differences (222) (787) 2 Defined benefit obligation at December 31 8,896 9,854 11,300
Disclosure Of Actuarial Assumptions For Defined Benefit Obligations Explanatory	The significant assumptions used in determining the actuarial present value of the defined benefit obligations for the year ended December 31, 2022 and 2021 are as follows: 2022 2021 % % Discount rate 2.5-2.7 1.9 Rate of salary increase 5.0~6.0 5.0~6.0 Pre-retirement mortality * Thailand TMO17 Tables * Thailand TMO17 Tables * TMO represented as Thailand Mortality Ordinary Tables
Maturity Profile of Defined Benefit Obligation	The following pension benefit payments are expected payments to be made in the future years out of the defined benefit plan obligation: As of December 31, 2022 2021 US$’000 US$’000 Within the next 12 months (next annual reporting period) 1,320 1,387 Between 2 and 5 years 1,936 1,770 Between 6 and 10 years 4,101 4,345 Total expected payments 7,357 7,502 Weighted average duration of defined benefit obligation 9 years 9 years
Sensitivity Analysis of One-percentage Point Change in Assumed Rates	A one-percentage point change in the assumed rates would have yielded the following effects: 2022 2021 US$’000 US$’000 Discount rate – 1% increase (699) (817) Discount rate – 1% decrease 818 960 Rate of salary increase – 1% increase 782 912 Rate of salary increase – 1% decrease (685) (796)

OTHER CURRENT LIABILITIES (Tabl

OTHER CURRENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2022
Other Current Liabilities [Abstract]
Schedule of other current liabilities	As of December 31, 2022 2021 US$’000 US$’000 Contract liabilities 1,325 612 Dividend payable 291 671 Onerous contracts provisions 2,110 9,640 Other current liabilities 1,563 3,212 Total 5,289 14,135
Schedule of onerous contracts provisions	22(a) Onerous contracts provisions For the year ended December 31, 2022 2021 US$’000 US$’000 At January 1 9,640 5,105 Recognized 498 6,241 Reversed (7,763) (1,401) Exchange differences (265) (305) At December 31 2,110 9,640
Schedule of contract liabilities	22(b) Contract Liabilities As of December 31, 2022 2021 2020 US$’000 US$’000 US$’000 Current contract liabilities Advance from customers 1,222 511 156 Custodial service 47 50 44 Transportation service 56 51 59 Total current contract liabilities 1,325 612 259
Schedule of revenue recognized in relation to contract liabilities	Revenue recognized in relation to contract liabilities For the year ended December 31, 2022 2021 US$’000 US$’000 Revenue recognized that was included in the contract liabilities balance at the beginning of the year Advance from customers 511 156 Custodial service 49 40 Transportation service 49 44 609 240

EQUITY (Tables)

EQUITY (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of classes of share capital [abstract]
Authorized Shares and Common Shares Issued and Fully Paid	23(a) Common shares As of December 31, 2022 2021 Authorized shares Number of shares Number of shares Common shares of US$0.01 each 50,000,000 50,000,000 Common shares issued and fully paid Number of shares US$’000 At January 1, 2021 13,830,769 138 At December 31, 2021 13,830,769 138 Issuance of common shares 6,796,558 68 At December 31, 2022 20,627,327 206 Treasury shares Number of shares US$’000 At January 1, 2021 11,100 38 At December 31, 2021 11,100 38 At December 31, 2022 11,100 38
Disaggregation of Changes of Other Comprehensive Income by Each Type of Reserve in Equity	The disaggregation of changes of other comprehensive income by each type of reserve in equity is shown below: For the year ended December 31, 2022 Remeasurement Financial Foreign Total US$’000 US$’000 US$’000 US$’000 Exchange difference on translation of foreign operations — — (9,506) (9,506) Re-measuring gains on defined benefit plans 585 — — 585 Changes in fair value of financial assets at fair value through other comprehensive income — (1,082) — (1,082) 585 (1,082) (9,506) (10,003) For the year ended December 31, 2021 Remeasurement Financial Foreign Total US$’000 US$’000 US$’000 US$’000 Exchange difference on translation of foreign operations — — (15,028) (15,028) Re-measuring gains on defined benefit plans 447 — — 447 Changes in fair value of financial assets at fair value through other comprehensive income — 587 — 587 447 587 (15,028) (13,994) For the year ended December 31, 2020 Remeasurement Financial Foreign Total US$’000 US$’000 US$’000 US$’000 Exchange difference on translation of foreign operations — — 5,211 5,211 Re-measuring losses on defined benefit plans 159 — — 159 Changes in fair value of financial assets at fair value through other comprehensive income — (1,431) — (1,431) 159 (1,431) 5,211 3,939

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2022
Related party transactions [abstract]
Outstanding Balance and Transactions with Related Parties	The following table provided the total amount of outstanding balance at December 31, 2022 and 2021. As of December 31, 2022 2021 US$’000 US$’000 Amounts due from related parties The ultimate parent company PEWC 147 24 PEWC, Singapore Branch 5 21 PEWC (HK) 4,177 7,204 Taiwan Submarine Cable Co., Ltd 65 — Associate SPHC 170 176 Non-controlling shareholder of subsidiary Italian-Thai and its affiliates 6,454 6,540 11,018 13,965 Amounts due to related parties The ultimate parent company PEWC 14,814 10,075 PEWC Singapore Co. (Pte) Ltd. 400 400 PEWC (HK) 26 16 Associate SPHC 1,362 1,362 Others 11 12 16,613 11,865 Contract liabilities The ultimate parent company PEWC 137 — The transactions undertaken with related parties are summarized as follows: For the year ended December 31, 2022 2021 2020 US$’000 US$’000 US$’000 The ultimate parent company PEWC Purchases 24,914 20,359 5,742 Sales — 5,254 90 Fabrication income received — 25 — Construction income received 3 — — Management fee received 10 — — Management fee paid 172 153 133 Information technology service fee paid 120 113 123 Training fee paid — 110 — Interest expenses paid — 91 60 Rental fee paid 18 — — Materials purchased for interior office redecorating 8 — — PEWC, Singapore Branch Management fee received — 14 14 PEWC Singapore Co. (Pte) Ltd. Interest expenses paid — — 12 PEWC (HK) Sales 18,309 25,127 17,004 Service fee paid 156 219 209 Non-controlling shareholder of subsidiary Italian Thai and its affiliates Sales 8,772 6,613 5,344 Construction of factory building expenses — 1,651 3,436 Others Fabrication cost 277 350 238

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Fair Value Measurement Of Assets Liabilities [Abstract]
Fair Value Measurement of Assets and Liabilities	Fair value information: As of December 31, 2022 Fair value measurement using Total Quoted prices Significant Significant US$’000 US$’000 US$’000 US$’000 Financial assets (liabilities) - derivatives (Note 11.(a)) Foreign exchange forward contract (6) (6) Financial assets at fair value through other comprehensive income (Note 11.(a)) Unquoted equity instrument Thai Metal Processing Co., Ltd. 1,553 — — 1,553 Assets for which fair values are disclosed: Investment properties (Note 17) Land 10,322 — — 10,322 Office buildings 1,995 — — 1,995 Warehouse 5,291 — — 5,291 Land leasehold right 158 — — 158 Other 11 — — 11 Fair value information: As of December 31, 2021 Fair value measurement using Total Quoted prices Significant Significant US$’000 US$’000 US$’000 US$’000 Financial assets at fair value through other comprehensive income (Note 11.(a)) Unquoted equity instrument Thai Metal Processing Co., Ltd. 2,929 — — 2,929 Assets for which fair values are disclosed: Investment properties (Note 17) Land 10,528 — — 10,528 Office buildings 2,444 — — 2,444 Warehouse 5,658 — — 5,658 Land leasehold right 173 — — 173

FINANCIAL RISK MANAGEMENT OBJ_2

FINANCIAL RISK MANAGEMENT OBJECTIVES (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about financial instruments [abstract]
Summary of Balance of Financial Assets and Liabilities Denominated in a Currency Different from the Company's Reporting Currency	The balance of financial assets and liabilities denominated in a currency different from our Company’s each functional currency are summarized below. Financial Assets Financial Liabilities As of December 31, As of December 31 2022 2021 2022 2021 United States dollar (USD) 8,231 15,304 15,057 58,526 Thai Baht (THB) 326 326 30 30 Singapore dollar (SGD) 106 130 46 6 Taiwan dollar (TWD) 25,282 9,929 4,463 5,104 Renminbi (RMB) 18 18 — — Hong Kong dollar (HKD) 7,773 10,678 25 28 Euro (EUR) 20 125 — 519
Sensitivity of Profit Before Tax and Equity to a Reasonably Possible Change of Relevant Risk Variable	The following table demonstrates the sensitivity of our Company’s profit before tax and equity to a reasonably possible change of each foreign currency exchange rates against all other non-functional currencies, with all other variables held constant. Change USD THB SGD TWD HKD EUR 2022 5% (341) — 2 34 50 1 -5% 341 — (2) (34) (50) (1) 5% (2,161) — 5 9 68 (22) 2021 -5% 2,161 — (5) (9) (68) 22 Commodity price sensitivity The following table shows the potential effect of price changes in copper. Change in Effect on profit Effect on equity US$’000 US$’000 US$’000 2022 Copper +23 % 5,981 N/A -23 % (5,981) N/A 2021 +95 % 26,926 N/A Copper -95 % (26,926) N/A

CASH FLOW INFORMATION (Tables)

CASH FLOW INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Cash Flow Information [Abstract]
Summary of Investing Activities with Partial Cash Payments	28(a) Investing activities with partial cash payments (i)Purchase of PPE For the year end December 31, 2022 2021 US$’000 US$’000 Acquisition of property, plant and equipment 3,553 8,657 Add: Payable for PPE or CIP - Opening 173 196 Less: Payable for PPE or CIP - Ending (152) (173) Less: Prepayment for PPE & CIP - Opening (427) (561) Add: Prepayment for PPE & CIP - Ending 599 428 Cash paid during the year 3,746 8,547
Summary of Reconciliation of Liabilities Arising from Financing Activities	28(b) Reconciliation of liabilities arising from financing activities Interest -bearing loans and borrowings Lease liabilities Total US$’000 US$’000 US$’000 Balance at January 1, 2021 13,781 2,334 16,115 Changes in cash flows 54,161 (632) 53,529 Foreign exchange adjustments (2,555) (76) (2,631) Acquisition lease — 906 906 Other changes — 2 2 Remeasurement — (47) (47) Balance at December 31, 2021 65,387 2,487 67,874 Changes in cash flows (5,176) (616) (5,792) Foreign exchange adjustments (2,480) (44) (2,524) Acquisition lease — 851 851 Other changes — (15) (15) Remeasurement — (89) (89) Balance at December 31, 2022 57,731 2,574 60,305

PRINCIPAL ACTIVITIES AND CORP_2

PRINCIPAL ACTIVITIES AND CORPORATE INFORMATION - Additional Information (Detail) - USD ($)			10 Months Ended	12 Months Ended
	Feb. 02, 2022	Aug. 13, 2014	Jun. 30, 2013	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure corporate information [Line Items]
Number of shares issued (in shares)	6,796,558
Rights offering price per share	$ 1.22
Issuance of common stock for cash	$ 7,900,000			$ 7,922,000	$ 0	$ 0
Number of shares outstanding (in shares)				20,616,227
Number of shares repurchased under share capital repurchase program (in shares)			(11,100)
Total consideration for shares repurchased under share capital repurchase program			$ 38,000
Financial Liabilities		$ 0		$ 138,027,000	$ 147,897,000
APWC
Disclosure corporate information [Line Items]
Percentage of equity interest				80.96%
Top of range
Disclosure corporate information [Line Items]
Monetary amount of common shares authorized to repurchase under share capital repurchase program		$ 1,000,000

BASIS OF PREPARATION - Subsidia

BASIS OF PREPARATION - Subsidiaries of the Company (Detail) $ in Thousands, $ in Millions							1 Months Ended	12 Months Ended
	Dec. 16, 2022 USD ($)	Dec. 16, 2022 TWD ($)	Dec. 15, 2022 USD ($)	Dec. 15, 2022 TWD ($)	Jul. 01, 2021	Jun. 30, 2021 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2022	Dec. 31, 2021 USD ($)
Disclosure of subsidiaries [Line Items]
Effect from the changes in shareholding percentage in subsidiary									$ (235)
Additional paid-in capital
Disclosure of subsidiaries [Line Items]
Effect from the changes in shareholding percentage in subsidiary							$ 167		$ (167)
APWC General Holdings Limited
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								100%	100%
PRC (APWC) Holding Ltd.
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								100%	100%
Samray Inc.
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								100%	100%
Siam (APWC) Holdings Ltd.
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								100%	100%
Moon View Ltd.
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								100%	100%
Trigent Investment Holdings Limited
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								100%	100%
Crown Century Holdings Ltd.
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								100%	100%
Sigma Cable Company (Private) Limited (“Sigma Cable”)
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								98.30%	98.30%
Epan Industries Pte Ltd.
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								98.30%	98.30%
Singvale Pte Ltd.
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								100%	100%
Ningbo Pacific Cable Co., Ltd. (“Ningbo Pacific”)
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								97.93%	97.93%
Shanghai Yayang Electric Co., Ltd. (“SYE”)
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								68.75%	68.75%
Pacific Electric Wire & Cable (Shenzhen) Co., Ltd. (“PEWS”)
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								97.93%	97.93%
Crown Century Holdings Limited (“CCH (HK)”)
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								97.93%	97.93%
Australia Pacific Electric Cable Pty Limited (“APEC”)
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								98.06%	98.06%
Charoong Thai Wire and Cable Public Company Limited (“Charoong Thai”) (i)
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								50.93%	50.93%
Charoong Thai Wire and Cable Public Company Limited (“Charoong Thai”) (i) | Siam Fiber Optics Co., Ltd. (“SFO”) (ii)
Disclosure of subsidiaries [Line Items]
Percentage of equity interest					50.93%		45.84%	50.93%
Percentage of equity interest held by subsidiary						100%	90%
Percentage of voting equity interests acquired						10%	10%
Total cash consideration						$ 7,500	$ 7,500
Siam Pacific Electric Wire & Cable Company Limited (“Siam Pacific”)
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								50.93%	50.93%
Double D Cable Company Limited (“Double D”)
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								50.93%	50.93%
Hard Lek Limited.
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								73.98%	73.98%
APWC (Thailand) Co., Ltd.
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								99.48%	99.48%
PEWC (Thailand) Co., Ltd.
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								99.48%	99.48%
CTW Beta Co., Ltd.
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								50.89%	50.89%
Siam Fiber Optics Co., Ltd. (“SFO”) (ii)
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								50.93%	50.93%
Asia Pacific New Energy Corporation Limited ("APNEC") (iii)
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								100%	100%
Increase through other contributions by owners, equity			$ 3,900	$ 120
Pacific Smart System Corporation Limited ("PSSC") (iii) (Formerly YASHIN Energy Corporation Limited)
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								100%	100%
Increase through other contributions by owners, equity	$ 2,300	$ 70
YADING Energy Corporation Limited ("YADING")
Disclosure of subsidiaries [Line Items]
Percentage of equity interest								100%	100%

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Estimated Useful Lives of Assets (Detail)	12 Months Ended
	Dec. 31, 2022
Buildings | Bottom of range
Disclosure of detailed information about property, plant and equipment [Line Items]
Estimated useful lives of assets	15 years
Buildings | Top of range
Disclosure of detailed information about property, plant and equipment [Line Items]
Estimated useful lives of assets	30 years
Building improvement | Bottom of range
Disclosure of detailed information about property, plant and equipment [Line Items]
Estimated useful lives of assets	2 years
Building improvement | Top of range
Disclosure of detailed information about property, plant and equipment [Line Items]
Estimated useful lives of assets	20 years
Machinery and equipment | Bottom of range
Disclosure of detailed information about property, plant and equipment [Line Items]
Estimated useful lives of assets	4 years
Machinery and equipment | Top of range
Disclosure of detailed information about property, plant and equipment [Line Items]
Estimated useful lives of assets	20 years
► Motor vehicles | Bottom of range
Disclosure of detailed information about property, plant and equipment [Line Items]
Estimated useful lives of assets	3 years
► Motor vehicles | Top of range
Disclosure of detailed information about property, plant and equipment [Line Items]
Estimated useful lives of assets	10 years
Office equipment | Bottom of range
Disclosure of detailed information about property, plant and equipment [Line Items]
Estimated useful lives of assets	3 years
Office equipment | Top of range
Disclosure of detailed information about property, plant and equipment [Line Items]
Estimated useful lives of assets	20 years

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Lease Term or Estimated Useful Lives of Assets (Detail)	12 Months Ended
	Dec. 31, 2022
►Land use right | Bottom of range
Disclosure of detailed information about Right-of-use assets [Line Items]
Lease term or estimated useful lives of assets	2 years
►Land use right | Top of range
Disclosure of detailed information about Right-of-use assets [Line Items]
Lease term or estimated useful lives of assets	37 years
Buildings | Bottom of range
Disclosure of detailed information about Right-of-use assets [Line Items]
Lease term or estimated useful lives of assets	2 years
Buildings | Top of range
Disclosure of detailed information about Right-of-use assets [Line Items]
Lease term or estimated useful lives of assets	3 years
► Motor vehicles | Bottom of range
Disclosure of detailed information about Right-of-use assets [Line Items]
Lease term or estimated useful lives of assets	2 years
► Motor vehicles | Top of range
Disclosure of detailed information about Right-of-use assets [Line Items]
Lease term or estimated useful lives of assets	3 years
Office equipment | Bottom of range
Disclosure of detailed information about Right-of-use assets [Line Items]
Lease term or estimated useful lives of assets	3 years
Office equipment | Top of range
Disclosure of detailed information about Right-of-use assets [Line Items]
Lease term or estimated useful lives of assets	5 years

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Significant Accounting Policies [Line Items]
Financial liabilities settlement period	60 days
Financial liabilities repayment term	Trade and other payables are presented as current liabilities unless payment is not due within 12 months after the reporting period.
Government grants	$ 639	$ 271	$ 973
Unused net operating losses	20,660	15,245
Net deferred tax assets	2,946	3,136	(519)	$ (200)
Increase in unrecognized deferred tax assets, profit and equity	3,969	4,858	5,617
Impairment loss (reversal of impairment loss) recognised in profit or loss			$ 198
Unused tax losses
Disclosure Of Significant Accounting Policies [Line Items]
Net deferred tax assets	$ 1,373	$ 204
Bottom of range
Disclosure Of Significant Accounting Policies [Line Items]
Useful life measured as period of time, investment property, cost model	20 years
Bottom of range | Computer software
Disclosure Of Significant Accounting Policies [Line Items]
Useful life of intangible assets	2 years
Top of range
Disclosure Of Significant Accounting Policies [Line Items]
Useful life measured as period of time, investment property, cost model	40 years
Ownership percentage with voting right	20%
Top of range | Computer software
Disclosure Of Significant Accounting Policies [Line Items]
Useful life of intangible assets	10 years

SEGMENT INFORMATION - Additiona

SEGMENT INFORMATION - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) reportable_segment operating_segments	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Disclosure Of Operating Segments [Line Items]
Number of reporting segments | reportable_segment	3
Number of operating segments | operating_segments	3
Revenue	$ 433,893	$ 476,659	$ 313,564
ROW
Disclosure Of Operating Segments [Line Items]
Revenue	184,723	171,848	96,718
ROW | One major customer
Disclosure Of Operating Segments [Line Items]
Revenue	$ 66,858	$ 56,579	$ 33,494
Percentage of entity's revenue from major customer	15.41%	11.87%	10.68%

SEGMENT INFORMATION - Summary o

SEGMENT INFORMATION - Summary of Segment Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues
Revenue	$ 433,893	$ 476,659	$ 313,564
Segment operating profit/(loss)	7,552	(5,333)	6,872
Depreciation and amortization(including depreciation from right of use assets)	(5,835)	(5,494)	(5,402)
Impairment of property, plant and equipment	0	7	202
Interest income	120	123	320
Interest expense	(1,488)	(1,097)	(615)
Income tax expense	(2,808)	1,345	(4,016)
Other disclosures
Capital expenditure	3,808	8,551	14,604
North Asia
Revenues
Revenue	77,329	107,032	73,199
Thailand
Revenues
Revenue	171,841	197,779	143,647
ROW
Revenues
Revenue	184,723	171,848	96,718
Segment operating profit/(loss)
Revenues
Segment operating profit/(loss)	10,645	(2,324)	9,845
Depreciation and amortization(including depreciation from right of use assets)	(5,753)	(5,392)	(5,284)
Impairment of property, plant and equipment		7	202
Interest income	119	122	319
Interest expense	(1,486)	(1,005)	(540)
Income tax expense	(2,753)	580	(3,849)
Other disclosures
Capital expenditure	3,807	7,614	14,604
Segment operating profit/(loss) | North Asia
Revenues
Segment operating profit/(loss)	241	4,523	3,087
Depreciation and amortization(including depreciation from right of use assets)	(1,247)	(1,074)	(796)
Impairment of property, plant and equipment		0	0
Interest income	68	43	94
Interest expense	(91)	(285)	(178)
Income tax expense	(354)	(2,104)	(791)
Other disclosures
Capital expenditure	1,486	11	3,763
Segment operating profit/(loss) | Thailand
Revenues
Segment operating profit/(loss)	2,636	(13,537)	11,250
Depreciation and amortization(including depreciation from right of use assets)	(3,058)	(2,752)	(2,773)
Impairment of property, plant and equipment		7	4
Interest income	49	76	192
Interest expense	(787)	(380)	(105)
Income tax expense	(420)	4,223	(2,344)
Other disclosures
Capital expenditure	1,780	5,585	10,674
Segment operating profit/(loss) | ROW
Revenues
Segment operating profit/(loss)	7,768	6,690	(4,492)
Depreciation and amortization(including depreciation from right of use assets)	(1,448)	(1,566)	(1,715)
Impairment of property, plant and equipment		0	(198)
Interest income	2	3	33
Interest expense	(608)	(340)	(257)
Income tax expense	(1,979)	(1,539)	(714)
Other disclosures
Capital expenditure	541	2,018	167
Corporate expense adjustments and eliminations
Revenues
Segment operating profit/(loss)	(3,093)	(3,009)	(2,973)
Depreciation and amortization(including depreciation from right of use assets)	(82)	(102)	(118)
Impairment of property, plant and equipment		0	0
Interest income	1	1	1
Interest expense	(2)	(92)	(75)
Income tax expense	(55)	765	(167)
Other disclosures
Capital expenditure	1	937	0
External customers
Revenues
Revenue	433,893	476,659	313,564
External customers | Segment operating profit/(loss)
Revenues
Revenue	433,893	476,659	313,564
External customers | Segment operating profit/(loss) | North Asia
Revenues
Revenue	77,329	107,032	73,199
External customers | Segment operating profit/(loss) | Thailand
Revenues
Revenue	171,841	197,779	143,647
External customers | Segment operating profit/(loss) | ROW
Revenues
Revenue	184,723	171,848	96,718
External customers | Corporate expense adjustments and eliminations
Revenues
Revenue	0	0	0
Inter-segment
Revenues
Revenue	0	0	0
Inter-segment | Segment operating profit/(loss)
Revenues
Revenue	(5)	7	0
Inter-segment | Segment operating profit/(loss) | North Asia
Revenues
Revenue	0	0	0
Inter-segment | Segment operating profit/(loss) | Thailand
Revenues
Revenue	(5)	7	0
Inter-segment | Segment operating profit/(loss) | ROW
Revenues
Revenue	0	0	0
Inter-segment | Corporate expense adjustments and eliminations
Revenues
Revenue	$ 5	$ (7)	$ 0

SEGMENT INFORMATION - Reconcili

SEGMENT INFORMATION - Reconciliation of Segment Operating Profit (Loss) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Operating Segments [Line Items]
Segment operating profit/(loss)	$ 7,552	$ (5,333)	$ 6,872
Consolidated Operating Profit Loss	7,552	(5,333)	6,872
Other operating income	1,027	587	814
Other operating expenses	(512)	(227)	(129)
Operating profit/(loss)	8,067	(4,973)	7,557
Finance costs	(1,650)	(1,251)	(744)
Finance income	120	123	320
Share of loss of associates	(1)	(1)	(1)
Exchange gain/(loss)	143	(4,425)	(579)
Other income	889	671	1,173
Other expense	(3)	(1)	(1)
Profit/(loss) before tax	7,565	(9,857)	7,725
Segment operating profit/(loss)
Disclosure Of Operating Segments [Line Items]
Segment operating profit/(loss)	10,645	(2,324)	9,845
Finance income	119	122	319
Corporate expenses and others
Disclosure Of Operating Segments [Line Items]
Segment operating profit/(loss)	(3,093)	(3,009)	(2,973)
Corporate expenses and others	(3,093)	(3,009)	(2,973)
Finance income	1	1	1
Segment reconciling items
Disclosure Of Operating Segments [Line Items]
Other operating income	1,027	587	814
Other operating expenses	(512)	(227)	(129)
Finance costs	(1,650)	(1,251)	(744)
Finance income	120	123	320
Share of loss of associates	(1)	(1)	(1)
Exchange gain/(loss)	143	(4,425)	(579)
Other income	889	671	1,173
Other expense	$ (3)	$ (1)	$ (1)

SEGMENT INFORMATION - Reconci_2

SEGMENT INFORMATION - Reconciliation of Assets and Liabilities (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Operating Segments [Line Items]
Segment operating assets	$ 371,019	$ 389,428
Investment in associates	805	835
Deferred tax assets	7,143	7,241
Total assets	371,019	389,428
Segment operating liabilities	159,591	180,111
Deferred tax liabilities	4,197	4,105
Total liabilities	159,591	180,111
Revenue	433,893	476,659	$ 313,564
At a point in time
Disclosure Of Operating Segments [Line Items]
Revenue	407,410	451,567	302,712
Over time
Disclosure Of Operating Segments [Line Items]
Revenue	26,483	25,092	10,852
SDI
Disclosure Of Operating Segments [Line Items]
Revenue	45,931	39,476	15,600
Power
Disclosure Of Operating Segments [Line Items]
Revenue	182,171	191,520	127,630
Enamel
Disclosure Of Operating Segments [Line Items]
Revenue	178,124	212,776	131,150
Others
Disclosure Of Operating Segments [Line Items]
Revenue	27,667	32,887	21,683
Fabrication
Disclosure Of Operating Segments [Line Items]
Revenue			33,101
North Asia
Disclosure Of Operating Segments [Line Items]
Revenue	77,329	107,032	73,199
North Asia | At a point in time
Disclosure Of Operating Segments [Line Items]
Revenue	77,287	107,032	73,199
North Asia | Over time
Disclosure Of Operating Segments [Line Items]
Revenue	42	0	0
North Asia | SDI
Disclosure Of Operating Segments [Line Items]
Revenue	1,209	0
North Asia | Power
Disclosure Of Operating Segments [Line Items]
Revenue	92	0	0
North Asia | Enamel
Disclosure Of Operating Segments [Line Items]
Revenue	76,002	107,027	73,179
North Asia | Others
Disclosure Of Operating Segments [Line Items]
Revenue	26	5	20
North Asia | Fabrication
Disclosure Of Operating Segments [Line Items]
Revenue			0
Thailand
Disclosure Of Operating Segments [Line Items]
Revenue	171,841	197,779	143,647
Thailand | At a point in time
Disclosure Of Operating Segments [Line Items]
Revenue	171,613	197,544	143,463
Thailand | Over time
Disclosure Of Operating Segments [Line Items]
Revenue	228	235	184
Thailand | SDI
Disclosure Of Operating Segments [Line Items]
Revenue	0	0
Thailand | Power
Disclosure Of Operating Segments [Line Items]
Revenue	46,340	63,629	48,851
Thailand | Enamel
Disclosure Of Operating Segments [Line Items]
Revenue	102,122	105,749	57,971
Thailand | Others
Disclosure Of Operating Segments [Line Items]
Revenue	23,379	28,401	3,724
Thailand | Fabrication
Disclosure Of Operating Segments [Line Items]
Revenue			33,101
ROW
Disclosure Of Operating Segments [Line Items]
Revenue	184,723	171,848	96,718
ROW | At a point in time
Disclosure Of Operating Segments [Line Items]
Revenue	158,510	146,991	86,050
ROW | Over time
Disclosure Of Operating Segments [Line Items]
Revenue	26,213	24,857	10,668
ROW | SDI
Disclosure Of Operating Segments [Line Items]
Revenue	44,722	39,476
ROW | Power
Disclosure Of Operating Segments [Line Items]
Revenue	135,739	127,891	78,779
ROW | Enamel
Disclosure Of Operating Segments [Line Items]
Revenue	0	0	0
ROW | Others
Disclosure Of Operating Segments [Line Items]
Revenue	4,262	4,481	17,939
ROW | Fabrication
Disclosure Of Operating Segments [Line Items]
Revenue			0
Corporate expense adjustments and eliminations
Disclosure Of Operating Segments [Line Items]
Revenue	0	0	0
Corporate expense adjustments and eliminations | At a point in time
Disclosure Of Operating Segments [Line Items]
Revenue	0	0	0
Corporate expense adjustments and eliminations | Over time
Disclosure Of Operating Segments [Line Items]
Revenue	0	0	0
Corporate expense adjustments and eliminations | SDI
Disclosure Of Operating Segments [Line Items]
Revenue	0	0
Corporate expense adjustments and eliminations | Power
Disclosure Of Operating Segments [Line Items]
Revenue	0	0	0
Corporate expense adjustments and eliminations | Enamel
Disclosure Of Operating Segments [Line Items]
Revenue	0	0	0
Corporate expense adjustments and eliminations | Others
Disclosure Of Operating Segments [Line Items]
Revenue	0	0	0
Corporate expense adjustments and eliminations | Fabrication
Disclosure Of Operating Segments [Line Items]
Revenue			$ 0
Segment operating profit/(loss)
Disclosure Of Operating Segments [Line Items]
Segment operating assets	356,473	379,179
Total assets	356,473	379,179
Segment operating liabilities	152,096	172,507
Total liabilities	152,096	172,507
Segment operating profit/(loss) | North Asia
Disclosure Of Operating Segments [Line Items]
Segment operating assets	54,534	56,629
Total assets	54,534	56,629
Segment operating liabilities	13,649	15,166
Total liabilities	13,649	15,166
Segment operating profit/(loss) | Thailand
Disclosure Of Operating Segments [Line Items]
Segment operating assets	168,423	186,405
Total assets	168,423	186,405
Segment operating liabilities	62,584	76,610
Total liabilities	62,584	76,610
Segment operating profit/(loss) | ROW
Disclosure Of Operating Segments [Line Items]
Segment operating assets	133,516	136,145
Total assets	133,516	136,145
Segment operating liabilities	75,863	80,731
Total liabilities	75,863	80,731
Corporate expense adjustments and eliminations
Disclosure Of Operating Segments [Line Items]
Segment operating assets	14,546	10,249
Total assets	14,546	10,249
Segment operating liabilities	7,495	7,604
Total liabilities	7,495	7,604
Segment reconciling items
Disclosure Of Operating Segments [Line Items]
Corporate and other assets	6,598	2,173
Investment in associates	805	835
Deferred tax assets	7,143	7,241
Corporate liabilities	3,298	3,499
Deferred tax liabilities	$ 4,197	$ 4,105

SEGMENT INFORMATION - Revenue F

SEGMENT INFORMATION - Revenue From External Customers Based Major Categories (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Geographical Areas [Line Items]
Revenue	$ 433,893	$ 476,659	$ 313,564
At a point in time
Disclosure Of Geographical Areas [Line Items]
Revenue	407,410	451,567	302,712
Over time
Disclosure Of Geographical Areas [Line Items]
Revenue	26,483	25,092	10,852
North Asia
Disclosure Of Geographical Areas [Line Items]
Revenue	77,329	107,032	73,199
North Asia | At a point in time
Disclosure Of Geographical Areas [Line Items]
Revenue	77,287	107,032	73,199
North Asia | Over time
Disclosure Of Geographical Areas [Line Items]
Revenue	42	0	0
Thailand
Disclosure Of Geographical Areas [Line Items]
Revenue	171,841	197,779	143,647
Thailand | At a point in time
Disclosure Of Geographical Areas [Line Items]
Revenue	171,613	197,544	143,463
Thailand | Over time
Disclosure Of Geographical Areas [Line Items]
Revenue	228	235	184
ROW
Disclosure Of Geographical Areas [Line Items]
Revenue	184,723	171,848	96,718
ROW | At a point in time
Disclosure Of Geographical Areas [Line Items]
Revenue	158,510	146,991	86,050
ROW | Over time
Disclosure Of Geographical Areas [Line Items]
Revenue	26,213	24,857	10,668
Power
Disclosure Of Geographical Areas [Line Items]
Revenue	182,171	191,520	127,630
Power | North Asia
Disclosure Of Geographical Areas [Line Items]
Revenue	92	0	0
Power | Thailand
Disclosure Of Geographical Areas [Line Items]
Revenue	46,340	63,629	48,851
Power | ROW
Disclosure Of Geographical Areas [Line Items]
Revenue	135,739	127,891	78,779
Enamel
Disclosure Of Geographical Areas [Line Items]
Revenue	178,124	212,776	131,150
Enamel | North Asia
Disclosure Of Geographical Areas [Line Items]
Revenue	76,002	107,027	73,179
Enamel | Thailand
Disclosure Of Geographical Areas [Line Items]
Revenue	102,122	105,749	57,971
Enamel | ROW
Disclosure Of Geographical Areas [Line Items]
Revenue	0	0	0
SDI
Disclosure Of Geographical Areas [Line Items]
Revenue	45,931	39,476	15,600
SDI | North Asia
Disclosure Of Geographical Areas [Line Items]
Revenue	1,209	0
SDI | Thailand
Disclosure Of Geographical Areas [Line Items]
Revenue	0	0
SDI | ROW
Disclosure Of Geographical Areas [Line Items]
Revenue	44,722	39,476
Others
Disclosure Of Geographical Areas [Line Items]
Revenue	27,667	32,887	21,683
Others | North Asia
Disclosure Of Geographical Areas [Line Items]
Revenue	26	5	20
Others | Thailand
Disclosure Of Geographical Areas [Line Items]
Revenue	23,379	28,401	3,724
Others | ROW
Disclosure Of Geographical Areas [Line Items]
Revenue	$ 4,262	$ 4,481	17,939
Fabrication
Disclosure Of Geographical Areas [Line Items]
Revenue			33,101
Fabrication | North Asia
Disclosure Of Geographical Areas [Line Items]
Revenue			0
Fabrication | Thailand
Disclosure Of Geographical Areas [Line Items]
Revenue			33,101
Fabrication | ROW
Disclosure Of Geographical Areas [Line Items]
Revenue			$ 0

SEGMENT INFORMATION - Revenue_2

SEGMENT INFORMATION - Revenue from External Customers Based on Customer's Country of Domicile and Long-lived Assets by Country of Domicile (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Geographical Areas [Line Items]
Revenue	$ 433,893	$ 476,659	$ 313,564
Thailand
Disclosure Of Geographical Areas [Line Items]
Revenue	153,164	168,773	128,868
Singapore
Disclosure Of Geographical Areas [Line Items]
Revenue	118,789	95,116	44,477
Australia
Disclosure Of Geographical Areas [Line Items]
Revenue	60,299	67,652	45,161
China, Hong Kong, and Taiwan
Disclosure Of Geographical Areas [Line Items]
Revenue	82,187	118,219	77,411
India
Disclosure Of Geographical Areas [Line Items]
Revenue	779	1,248	2,860
Southeast Asia
Disclosure Of Geographical Areas [Line Items]
Revenue	18,663	25,643	14,774
Northeast Asia
Disclosure Of Geographical Areas [Line Items]
Revenue	$ 12	$ 8	$ 13

SEGMENT INFORMATION - Summary_2

SEGMENT INFORMATION - Summary of Non-Current Assets Other Than Financial Instruments and Deferred Tax Assets Broken Down by Country of Domicile (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Geographical Areas [Line Items]
Total non-current assets	$ 60,618	$ 64,635
Thailand
Disclosure Of Geographical Areas [Line Items]
Total non-current assets	37,653	40,423
Singapore
Disclosure Of Geographical Areas [Line Items]
Total non-current assets	5,304	5,601
China, Hong Kong, and Taiwan
Disclosure Of Geographical Areas [Line Items]
Total non-current assets	10,313	10,725
Australia
Disclosure Of Geographical Areas [Line Items]
Total non-current assets	7,141	7,815
Other
Disclosure Of Geographical Areas [Line Items]
Total non-current assets	$ 207	$ 71

MATERIAL PARTLY-OWNED SUBSIDI_3

MATERIAL PARTLY-OWNED SUBSIDIARIES - Subsidiaries with Material Non-controlling Interests (Detail)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Charoong Thai and its subsidiaries (“CTW Consolidated”)
Disclosure of subsidiaries [Line Items]
Place of incorporation and operations	Thailand
Proportion of ownership interests held by non-controlling interests	49.07%	49.07%
SYE
Disclosure of subsidiaries [Line Items]
Place of incorporation and operations	China
Proportion of ownership interests held by non-controlling interests	31.25%	31.25%

MATERIAL PARTLY-OWNED SUBSIDI_4

MATERIAL PARTLY-OWNED SUBSIDIARIES - Summarized Financial Information of Subsidiaries (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Summarized statements of comprehensive income
Revenue	$ 433,893	$ 476,659	$ 313,564
Profit/(loss) before tax	7,565	(9,857)	7,725
Income tax (expense)/benefit	(2,808)	1,345	(4,016)
Profit/(loss) for the year	4,757	(8,512)	3,709
Other comprehensive income/(loss)	(10,003)	(13,994)	3,939
Total comprehensive (loss)/income for the year, net of tax	(5,246)	(22,506)	7,648
Profit/(loss) attributable to non-controlling interests	883	(5,870)	4,261
Summarized balance sheets
Current assets	299,525	312,003
Non-current assets	71,494	77,425
Current liabilities	(133,599)	(162,193)
Non-current liabilities	(25,992)	(17,918)
Equity attributable to:
Equity holders of the parent	151,595	147,500
Non-controlling interests	59,833	61,817
Summarized cash flow information
Operating	6,566	(41,612)	16,375
Investing	(2,655)	(6,153)	(20,296)
Financing	9,630	42,412	2,061
Effect of changes in exchange rate on cash	(2,036)	(4,372)	424
Net increase (decrease) in cash and cash equivalents	11,505	(9,725)	(1,436)
CTW consolidated
Summarized statements of comprehensive income
Revenue	171,846	197,786	143,647
Profit/(loss) before tax	2,063	(16,038)	11,793
Income tax (expense)/benefit	(420)	4,223	(2,344)
Profit/(loss) for the year	1,643	(11,815)	9,449
Other comprehensive income/(loss)	(3,696)	(12,699)	(1,406)
Total comprehensive (loss)/income for the year, net of tax	(2,053)	(24,514)	8,043
Profit/(loss) attributable to non-controlling interests	806	(5,815)	4,631
Dividends paid to non-controlling interests	563	2,815	1,228
Summarized balance sheets
Current assets	127,855	141,282
Non-current assets	54,899	59,547
Current liabilities	(45,909)	(68,142)
Non-current liabilities	(16,677)	(8,477)
Total equity	120,168	124,210
Equity attributable to:
Equity holders of the parent	61,202	63,260
Non-controlling interests	58,966	60,950
Summarized cash flow information
Operating	7,657	(37,392)	19,713
Investing	(951)	(2,496)	(10,952)
Financing	(7,726)	42,981	(5,118)
Effect of changes in exchange rate on cash	(1,008)	(3,333)	(87)
Net increase (decrease) in cash and cash equivalents	(2,028)	(240)	3,556
SYE
Summarized statements of comprehensive income
Revenue	0	530	6,291
Profit/(loss) before tax	90	(497)	(1,161)
Income tax (expense)/benefit	0	0	0
Profit/(loss) for the year	90	(497)	(1,161)
Other comprehensive income/(loss)	(56)	17	84
Total comprehensive (loss)/income for the year, net of tax	34	(480)	(1,077)
Profit/(loss) attributable to non-controlling interests	28	(155)	(363)
Dividends paid to non-controlling interests	0	0	0
Summarized balance sheets
Current assets	375	565
Non-current assets	1,058	1,266
Current liabilities	(772)	(1,204)
Non-current liabilities	0	0
Total equity	661	627
Equity attributable to:
Equity holders of the parent	454	431
Non-controlling interests	207	196
Summarized cash flow information
Operating	(265)	318	(1,844)
Investing	230	65	278
Financing	0	(1,226)	(769)
Effect of changes in exchange rate on cash	(36)	16	98
Net increase (decrease) in cash and cash equivalents	$ (71)	$ (827)	$ (2,237)

INCOME AND EXPENSES ITEMS - Sum

INCOME AND EXPENSES ITEMS - Summary of Other Operating Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Analysis of income and expense [abstract]
Gain on disposal of investment property	$ 271	$ 0	$ 0
Gain on disposal of assets classified as held for sale	240	0	0
Gain on disposal of property, plant, and equipment	132	318	239
Rental income	254	179	199
Reversal of allowance for other receivable	0	0	80
Reversal of allowance for trade receivables for related parties	1	0	11
Reversal of allowance for trade receivable	0	0	0
Other operating income – others	129	90	285
Other operating income	$ 1,027	$ 587	$ 814

INCOME AND EXPENSES ITEMS - S_2

INCOME AND EXPENSES ITEMS - Summary of Other Operating Expenses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Analysis of income and expense [abstract]
Allowance for trade receivables	$ 509	$ 205	$ 124
Allowance for trade receivables for related parties	0	15	0
Impairment of property, plant, and equipment	0	7	4
Other operating expenses – others	3	0	1
Total other operating expenses	$ 512	$ 227	$ 129

INCOME AND EXPENSES ITEMS - S_3

INCOME AND EXPENSES ITEMS - Summary of Finance Costs and Finance Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Analysis of income and expense [abstract]
Interest on debts and borrowings	$ 1,408	$ 1,027	$ 536
Interest on leases liabilities	80	70	79
Total interest expenses	1,488	1,097	615
Banking charges	162	154	129
Total finance costs	1,650	1,251	744
Interest income	120	123	320
Total finance income	$ 120	$ 123	$ 320

INCOME AND EXPENSES ITEMS - S_4

INCOME AND EXPENSES ITEMS - Summary of Other Income and Other Expenses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Analysis of income and expense [abstract]
Government grants	$ 639	$ 271	$ 973
Net gain on financial instruments	33	259	3
Dividend income	97	106	108
Other income	120	35	89
Total other income	889	671	1,173
Others	3	1	1
Total other expenses	$ 3	$ 1	$ 1

INCOME AND EXPENSES ITEMS - Add

INCOME AND EXPENSES ITEMS - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of Other Operating Income and Expense [Line Items]
Government grants	$ 639	$ 271	$ 973
COVID-19 epidemic
Disclosure of Other Operating Income and Expense [Line Items]
Government grants			$ 882

INCOME AND EXPENSES ITEMS - S_5

INCOME AND EXPENSES ITEMS - Summary of Depreciation, Amortization and Lease Expense Included in Consolidated Income Statements (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Other Operating Income Expense [Line Items]
Depreciation – right of use assets	$ 682	$ 661
Depreciation – investment property	176	196
Depreciation, amortization and lease expense	5,849	5,500	$ 5,419
Included in cost of sales:
Disclosure Of Other Operating Income Expense [Line Items]
Depreciation – tangible assets	4,278	3,863	3,893
Depreciation – right of use assets	133	127	121
Amortization – intangible assets	24	21	19
Lease expenses	1	1	2
Included in selling expenses:
Disclosure Of Other Operating Income Expense [Line Items]
Depreciation – tangible assets	116	108	92
Depreciation – right of use assets	167	144	113
Amortization – intangible assets	0	0	1
Lease expenses	1	1	1
Included in general and administrative expenses:
Disclosure Of Other Operating Income Expense [Line Items]
Depreciation – tangible assets	538	619	590
Depreciation – right of use assets	382	390	387
Amortization – intangible assets	21	26	42
Depreciation – investment property	176	196	144
Lease expenses	$ 12	$ 4	$ 14

INCOME AND EXPENSES ITEMS - S_6

INCOME AND EXPENSES ITEMS - Summary of Employee Benefits Expenses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Other Operating Income Expense [Line Items]
Total employee benefits expenses	$ 27,717	$ 30,440	$ 29,293
Included in cost of sales:
Disclosure Of Other Operating Income Expense [Line Items]
Wages and salaries	12,555	14,088	13,065
Labor and health insurance costs	79	77	71
Pension costs	886	828	736
Other employment benefits	734	843	702
Included in selling expenses:
Disclosure Of Other Operating Income Expense [Line Items]
Wages and salaries	3,881	4,191	3,557
Labor and health insurance costs	9	8	7
Pension costs	337	360	300
Other employment benefits	25	36	14
Included in general and administrative expenses:
Disclosure Of Other Operating Income Expense [Line Items]
Wages and salaries	7,950	8,435	8,861
Labor and health insurance costs	103	104	89
Pension costs	608	661	640
Other employment benefits	138	222	186
Director fees	$ 412	$ 587	$ 1,065

INCOME TAX - Additional Informa

INCOME TAX - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of income tax expense [Line Items]
Income tax on dividends	$ 0	$ 0
Amount of uncertain tax position (excluding interest and penalties) included in the consolidated balance sheets	0	28	$ 339
Interest	1,488	1,097	615
Unused tax losses
Disclosure of income tax expense [Line Items]
Unused net operating losses for which no deferred tax assets have been recognized	3,017	3,183	3,751
Tax losses unrecognized deferred tax assets (before tax effect)	13,796	14,228	17,028
Deductible temporary differences
Disclosure of income tax expense [Line Items]
Deductible temporary differences for which no deferred tax asset is recognized	952	1,675	1,866
Deductible temporary differences (before tax effect) not recognized deferred tax assets.	4,881	8,931	9,683
Uncertain tax position
Disclosure of income tax expense [Line Items]
Interest		5	61
Penalty	0	0	0
Interest reversed	42	568	227
Penalty reversed	26	318	72
Exchange differences relating to interest	(4)	12	50
Exchange differences relating to penalty	$ (2)	$ 7	$ 27

INCOME TAX - Major Components o

INCOME TAX - Major Components of Income Tax (Benefits) Expenses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current income tax:
Current income tax charge	$ 3,547	$ 3,078	$ 3,376
Previously unrecognized tax loss or temporary difference used to reduce current income tax	(697)	(96)	(89)
Adjustments for current income tax of prior years	(54)	0	(1)
Total current income tax	2,796	2,982	3,286
Deferred tax expenses/(benefits):
Relating to origination and reversal of temporary differences	12	(4,327)	782
Previously unrecognized tax loss or temporary difference used to reduce deferred tax expenses	0	0	(52)
Total deferred tax expenses/(benefits)	12	(4,327)	730
Income tax expenses (benefit) reported in the income statement	2,808	(1,345)	4,016
Deferred tax related to items recognized in other comprehensive income during the year:
Recognized during the year	(270)	147	(358)
Effect of change in tax rate	0	0	0
Recognized during the year	147	112	40
Effect of change in tax rate	0	0	0
Income tax (benefit) expense charged to other comprehensive income (loss)	$ (123)	$ 259	$ (318)

INCOME TAX - Reconciliation of

INCOME TAX - Reconciliation of Difference Between Tax Computed at Statutory Tax Rate and Income Tax (Benefits) Expenses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Major components of tax expense (income) [abstract]
Profit/(loss) before tax	$ 7,565	$ (9,857)	$ 7,725
Tax at statutory rate of 20% (2021: 20%; 2020: 20%)	1,513	(1,971)	1,545
Foreign income taxed at different rate	1,332	1,465	1,100
Expenses not deductible for tax purpose	241	94	255
Utilization of previously unrecognized tax losses/temporary differences	(697)	(96)	(89)
Tax benefit arising from previously unrecognized tax losses	0	0	(52)
Net deferred tax asset not recognized	382	327	1,151
Written-off deferred tax	0	0	0
Tax exempt on income	(65)	(99)	(57)
Uncertain tax position	(102)	(1,173)	(273)
Return to provision adjustment	(54)	0	(1)
Deferred tax liability arising from undistributed earnings	96	(309)	270
Withholding tax on dividends	163	452	163
Others	(1)	(35)	4
Income tax expenses (benefit) reported in the income statement	$ 2,808	$ (1,345)	$ 4,016

INCOME TAX - Summary of Deferre

INCOME TAX - Summary of Deferred Tax (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Net deferred tax assets	$ 2,946	$ 3,136	$ (519)	$ (200)
Net deferred tax assets	12	(4,327)	730
Outside basis differences
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Net deferred tax assets	(3,886)	(3,790)
Net deferred tax assets	96	(309)	270
Revaluations of financial assets at fair value through other comprehensive income
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Net deferred tax assets	(198)	(469)
Net deferred tax assets	0	0	0
Accrued interest income
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Net deferred tax assets	0	0
Net deferred tax assets	0	0	(172)
Unutilized building allowance (net)
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Net deferred tax assets	(8)	(21)
Net deferred tax assets	(13)	9	(24)
Unused tax losses
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Net deferred tax assets	1,373	204
Net deferred tax assets	(1,158)	(162)	481
Allowance for doubtful accounts
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Net deferred tax assets	46	167
Net deferred tax assets	113	105	(21)
Inventory impairment
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Net deferred tax assets	2,897	3,170
Net deferred tax assets	150	(2,914)	137
Rebates and other accrued liabilities
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Net deferred tax assets	661	617
Net deferred tax assets	(85)	(170)	(17)
Unpaid retirement benefits
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Net deferred tax assets	1,281	1,327
Net deferred tax assets	0	26	41
Deferred revenue and cost of sales
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Net deferred tax assets	19	30
Net deferred tax assets	10	(15)	5
Actuarial loss
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Net deferred tax assets	498	644
Net deferred tax assets	0	0	0
Unabsorbed depreciation
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Net deferred tax assets	588	731
Net deferred tax assets	90	(67)	9
Provision for loss on onerous sale contract
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Net deferred tax assets	0	860
Net deferred tax assets	817	(897)	0
Leases
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Net deferred tax assets	36	48
Net deferred tax assets	9	3	(1)
Others
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Net deferred tax assets	(361)	(382)
Net deferred tax assets	$ (17)	$ 64	$ 22

INCOME TAX - Reconciliation o_2

INCOME TAX - Reconciliation of Deferred Tax Assets, Net (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Major components of tax expense (income) [abstract]
Opening balance	$ 3,136	$ (519)	$ (200)
Tax (expense)/benefit during the period recognized in profit or loss	(12)	4,327	(730)
Tax benfit/(expense) during the period recognized in other comprehensive income	123	(259)	318
Exchange difference on translation foreign operations	(301)	(413)	93
Closing balance	$ 2,946	$ 3,136	$ (519)

INCOME TAX - Year of Expiration

INCOME TAX - Year of Expiration and Amount of Available Unused Net Operating Losses (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Unused net operating losses	$ 20,660	$ 15,245
2022
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Unused net operating losses	0	2,090
2023
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Unused net operating losses	4,054	4,353
2024
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Unused net operating losses	2,955	3,156
2025
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Unused net operating losses	1,773	1,912
2026
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Unused net operating losses	3,011	3,184
2027
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Unused net operating losses	5,887	0
2032
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Unused net operating losses	184	0
No expiration
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items]
Unused net operating losses	$ 2,796	$ 550

INCOME TAX - Reconciliation o_3

INCOME TAX - Reconciliation of Beginning and Ending Amounts of Uncertain Tax Position (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Major components of tax expense (income) [abstract]
Beginning balance	$ 28	$ 339	$ 451
Decrease due to lapses in statute of limitations	(26)	(312)	(144)
Exchange difference	(2)	1	32
Ending balance	$ 0	$ 28	$ 339

INCOME TAX - Accrued Interest a

INCOME TAX - Accrued Interest and Penalties on Uncertain Tax Position (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Major components of tax expense (income) [abstract]
Accrued interest on uncertain tax position	$ 0	$ 46	$ 597
Accrued penalties on uncertain tax position	0	28	339
Total accrued interest and penalties on uncertain tax position	$ 0	$ 74	$ 936

EARNINGS (LOSS) PER SHARE - Com

EARNINGS (LOSS) PER SHARE - Computation of Basic and Diluted Earnings Attributable to Common Shareholders Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Numerator:
Net profit (loss) attributable to APWC from continuing operations	$ 3,874	$ (2,642)	$ (552)
Net profit (loss) attributable to APWC	$ 3,874	$ (2,642)	$ (552)
Denominator:
Weighted-average common shares outstanding - basic (in shares)	20,020,364	13,819,669	13,819,669
Weighted-average common shares outstanding - diluted (in shares)	20,020,364	13,819,669	13,819,669
Earnings (loss) per share – basic and diluted
Basic earnings (loss) per share from continuing operations (in USD per share)	$ 0.19	$ (0.19)	$ (0.04)
Diluted earnings (loss) per share from continuing operations (in USD per share)	0.19	(0.19)	(0.04)
Basic earnings (loss) per share (USD per share)	0.19	(0.19)	(0.04)
Diluted earnings (loss) per share (USD per share)	$ 0.19	$ (0.19)	$ (0.04)

EARNINGS (LOSS) PER SHARE - Add

EARNINGS (LOSS) PER SHARE - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings per share [abstract]
Income from continuing operations attributable to non-controlling interests	$ 883	$ (5,870)	$ 4,261

CASH AND CASH EQUIVALENTS - Sum

CASH AND CASH EQUIVALENTS - Summary of Cash and Cash Equivalents (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash and cash equivalents [abstract]
Cash on hand and cash at banks	$ 54,017	$ 44,507
Bank overdrafts	0	(1,995)
Balances per statement of cash flows	$ 54,017	$ 42,512	$ 52,237	$ 53,673

FINANCIAL ASSETS AND FINANCIA_3

FINANCIAL ASSETS AND FINANCIAL LIABILITIES - Summary of Other Financial Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financial assets at fair value through other comprehensive income
Equity instrument (Note 11(d))	$ 1,553	$ 2,929
Financial assets at fair value through profit or loss
Foreign exchange forward contracts (Note 11(c))	39	249
Equity instrument
Financial assets at fair value through other comprehensive income
Equity instrument (Note 11(d))	1,553	2,929
Foreign currency forward contracts
Financial assets at fair value through profit or loss
Foreign exchange forward contracts (Note 11(c))	$ 39	$ 249

FINANCIAL ASSETS AND FINANCIA_4

FINANCIAL ASSETS AND FINANCIAL LIABILITIES - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Financial Instruments [Line Items]
Dividends received	$ 97,000	$ 106,000	$ 108,000
Maximum borrowing capacity	254,851,000	270,094,000
Unused portion of the credit lines	158,000,000
Interest-bearing loans and borrowings, current portion	$ 45,576,000	$ 62,083,000
Liquidity discount	30%	30%
Line of credit
Disclosure Of Financial Instruments [Line Items]
Unused portion of the credit lines	$ 162,074,000	$ 153,250,000
Letters of credit
Disclosure Of Financial Instruments [Line Items]
Unused portion of the credit lines	84,586,000	66,820,000
Open letters of credit
Disclosure Of Financial Instruments [Line Items]
Unused portion of the credit lines	38,256,000	50,633,000
Foreign currency forward contracts
Disclosure Of Financial Instruments [Line Items]
Outstanding forward contracts, notional amount	$ (10,500,000)	$ (42,100,000)

FINANCIAL ASSETS AND FINANCIA_5

FINANCIAL ASSETS AND FINANCIAL LIABILITIES - Summary of Interest-bearing Loans and Borrowings (Detail) ฿ in Thousands, ¥ in Thousands, $ in Thousands, $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2022 AUD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 SGD ($)	Dec. 31, 2022 THB (฿)	Dec. 31, 2021 AUD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 SGD ($)	Dec. 31, 2021 THB (฿)
Disclosure of detailed information about borrowings [Line Items]
Bank overdrafts	$ 0	$ 1,995
Interest-bearing loans and borrowings, Amount	$ 57,731	$ 65,387	$ 4,589	¥ 30,100	$ 6,000	฿ 312,602	$ 7,458	¥ 41,751	$ 5,000
Trust receipt					$ 4,994	฿ 1,133,838				฿ 1,648,835
Australia dollars (AUD)
Disclosure of detailed information about borrowings [Line Items]
Interest-bearing loans and borrowings, Interest rate	4.94%	3.07%	4.94%	4.94%	4.94%	4.94%	3.07%	3.07%	3.07%	3.07%
Interest-bearing loans and borrowings, Maturity	Mar. 2044	Mar. 2044
Interest-bearing loans and borrowings, Amount	$ 3,113	$ 5,410
Renminbi (RMB)
Disclosure of detailed information about borrowings [Line Items]
Interest-bearing loans and borrowings, Maturity	Jul . 2023	Jul . 2022
Interest-bearing loans and borrowings, Amount	$ 4,321	$ 6,552
Renminbi (RMB) | Bottom of range
Disclosure of detailed information about borrowings [Line Items]
Interest-bearing loans and borrowings, Interest rate	4.50%	3.85%	4.50%	4.50%	4.50%	4.50%	3.85%	3.85%	3.85%	3.85%
Renminbi (RMB) | Top of range
Disclosure of detailed information about borrowings [Line Items]
Interest-bearing loans and borrowings, Interest rate	4.90%	4.53%	4.90%	4.90%	4.90%	4.90%	4.53%	4.53%	4.53%	4.53%
Singapore dollar (SGD)
Disclosure of detailed information about borrowings [Line Items]
Interest-bearing loans and borrowings, Interest rate	5.42%	1.98%	5.42%	5.42%	5.42%	5.42%	1.98%	1.98%	1.98%	1.98%
Interest-bearing loans and borrowings, Maturity	Dec. 2023	Dec. 2022
Interest-bearing loans and borrowings, Amount	$ 4,470	$ 3,696
Trust receipt, Maturity	Apr. 2023
Trust receipt	$ 3,721	0
Singapore dollar (SGD) | Bottom of range
Disclosure of detailed information about borrowings [Line Items]
Interest-bearing loans and borrowings, Interest rate	5.04%		5.04%	5.04%	5.04%	5.04%
Singapore dollar (SGD) | Top of range
Disclosure of detailed information about borrowings [Line Items]
Interest-bearing loans and borrowings, Interest rate	5.81%		5.81%	5.81%	5.81%	5.81%
Thai Baht (THB)
Disclosure of detailed information about borrowings [Line Items]
Interest-bearing loans and borrowings, Interest rate	2.23%		2.23%	2.23%	2.23%	2.23%
Interest-bearing loans and borrowings, Maturity	Feb. 2024
Interest-bearing loans and borrowings, Amount	$ 9,100	$ 0
Trust receipt, Maturity	Jun. 2023	Jun. 2022
Trust receipt	$ 33,006	$ 49,729
Thai Baht (THB) | Bottom of range
Disclosure of detailed information about borrowings [Line Items]
Interest-bearing loans and borrowings, Interest rate	1.60%	0.70%	1.60%	1.60%	1.60%	1.60%	0.70%	0.70%	0.70%	0.70%
Thai Baht (THB) | Top of range
Disclosure of detailed information about borrowings [Line Items]
Interest-bearing loans and borrowings, Interest rate	2.20%	3.30%	2.20%	2.20%	2.20%	2.20%	3.30%	3.30%	3.30%	3.30%

FINANCIAL ASSETS AND FINANCIA_6

FINANCIAL ASSETS AND FINANCIAL LIABILITIES - Foreign Currency Forward Contracts (Detail) - Foreign currency forward contracts - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Financial Instruments [Line Items]
Assets	$ 39	$ 249
Liabilities	$ 6	$ 0

FINANCIAL ASSETS AND FINANCIA_7

FINANCIAL ASSETS AND FINANCIAL LIABILITIES- Comparison of Carrying Amounts and Fair Value of Financial Instruments (Detail) - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Aug. 13, 2014
Financial assets at amortized cost
Cash on hand and cash at banks	$ 54,017,000	$ 44,507,000
Financial assets at fair value at fair value through profit	39,000	249,000
Trade receivables	81,982,000	103,564,000
Other receivables	2,397,000	2,648,000
Due from related parties	11,018,000	13,965,000
Financial assets-non-current
Financial assets at fair value through other comprehensive income	1,553,000	2,929,000
Financial assets at amortized cost
Long-term bank deposits	1,354,000	1,725,000
Total	152,360,000	169,587,000
Liabilities at amortized cost
Interest-bearing loans and borrowings	45,576,000	62,083,000
Trade and other payables	39,891,000	44,784,000
Due to related parties	16,613,000	11,865,000
Accruals	21,218,000	23,374,000
Lease liabilities	627,000	571,000
Liabilities at amortized cost
Interest-bearing loans and borrowings	12,155,000	3,304,000
Lease liabilities	1,947,000	1,916,000
Total	138,027,000	147,897,000	$ 0
Fair value
Financial assets at amortized cost
Cash on hand and cash at banks	54,017,000	44,507,000
Financial assets at fair value at fair value through profit	39,000	249,000
Trade receivables	81,982,000	103,564,000
Other receivables	2,397,000	2,648,000
Due from related parties	11,018,000	13,965,000
Financial assets-non-current
Financial assets at fair value through other comprehensive income	1,553,000	2,929,000
Financial assets at amortized cost
Long-term bank deposits	1,354,000	1,725,000
Total	152,360,000	169,587,000
Liabilities at amortized cost
Interest-bearing loans and borrowings	45,576,000	62,083,000
Trade and other payables	39,891,000	44,784,000
Due to related parties	16,613,000	11,865,000
Accruals	21,218,000	23,374,000
Lease liabilities	627,000	571,000
Liabilities at amortized cost
Interest-bearing loans and borrowings	12,155,000	3,304,000
Lease liabilities	1,947,000	1,916,000
Total	$ 138,027,000	$ 147,897,000

FINANCIAL ASSETS AND FINANCIA_8

FINANCIAL ASSETS AND FINANCIAL LIABILITIES - Description of Significant Unobservable Inputs to Valuation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of significant unobservable inputs used in fair value measurement of assets [Line Items]
Liquidity discount	30%	30%
Percentage of reasonably possible decrease in unobservable input, assets	5,000%	5,000%
Other equity securities
Disclosure of significant unobservable inputs used in fair value measurement of assets [Line Items]
Valuation technique	Market Approach Method
Significant unobservable inputs	Liquidity Discount
Liquidity discount	30%	30%
Increase in fair value due to a decrease in the liquidity discount	$ 111	$ 209

FINANCIAL ASSETS AND FINANCIA_9

FINANCIAL ASSETS AND FINANCIAL LIABILITIES - Reconciliation of the Beginning and Closing Balances of Equity Instrument as Financial Assets at FVCOI Classified as Level 3 Within the Fair Value Hierarchy (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of significant unobservable inputs used in fair value measurement of assets [Line Items]
Beginning balance	$ 2,929
Ending balance	1,553	$ 2,929
Significant unobservable inputs (Level 3)
Disclosure of significant unobservable inputs used in fair value measurement of assets [Line Items]
Beginning balance	2,929	2,271
Changes in the fair value of equity instruments measured at fair value through other comprehensive income	(1,352)	734
Exchange difference on translation	(24)	(76)
Ending balance	$ 1,553	$ 2,929

TRADE AND OTHER RECEIVABLES - S

TRADE AND OTHER RECEIVABLES - Summary of Trade and Other Receivables (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure of financial assets [Line Items]
Trade receivables	$ 81,982	$ 103,564
Other receivables	2,397	2,648
Cost
Disclosure of financial assets [Line Items]
Trade receivables	83,319	104,405
Other receivables	2,397	2,683
Less: Loss allowances
Disclosure of financial assets [Line Items]
Trade receivables	(1,337)	(841)
Other receivables	$ 0	$ (35)

TRADE AND OTHER RECEIVABLES - A

TRADE AND OTHER RECEIVABLES - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2020
Trade and other receivables [abstract]
Receivables from contracts with customers, balance			$ 82,071	$ 82,071
Fair values of collateral		$ 1,339
Impairment loss		$ 30
Fair values of collateral auctioned					$ 1,060
Net amount owed by customer					1,242
Allowance					$ 111
Additional loss due to sale of asset pledged as collateral	$ 182

TRADE AND OTHER RECEIVABLES - M

TRADE AND OTHER RECEIVABLES - Movement in the Loss Allowance on Trade Receivables (Detail) - Trade receivables - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of financial assets [Line Items]
Beginning balance	$ 841	$ 1,414
Charge for the year	712	383
Write-off	(171)	(734)
Unused amounts reversed	(204)	(170)
Currency translation adjustment	(2)	(65)
Reclassification	161	13
Ending balance	$ 1,337	$ 841

TRADE AND OTHER RECEIVABLES -_2

TRADE AND OTHER RECEIVABLES - Aging Analysis of Trade Receivables (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure of financial assets [Line Items]
Gross carrying amount - trade receivables	$ 83,319	$ 104,405
Loss allowances	1,337	841
Trade receivable, net	81,982	103,564
Current
Disclosure of financial assets [Line Items]
Gross carrying amount - trade receivables	69,607	90,080
Loss allowances	66	98
Trade receivable, net	69,541	89,982
Past due | 1-30 days
Disclosure of financial assets [Line Items]
Gross carrying amount - trade receivables	10,166	11,140
Loss allowances	102	76
Trade receivable, net	10,064	11,064
Past due | 31-60 days
Disclosure of financial assets [Line Items]
Gross carrying amount - trade receivables	2,127	1,572
Loss allowances	51	75
Trade receivable, net	2,076	1,497
Past due | 61-90 days
Disclosure of financial assets [Line Items]
Gross carrying amount - trade receivables	298	504
Loss allowances	32	36
Trade receivable, net	266	468
Past due | 91-120 days
Disclosure of financial assets [Line Items]
Gross carrying amount - trade receivables	27	66
Loss allowances	10	2
Trade receivable, net	17	64
Past due | >120 days
Disclosure of financial assets [Line Items]
Gross carrying amount - trade receivables	1,094	1,043
Loss allowances	1,076	554
Trade receivable, net	$ 18	$ 489

INVENTORIES - Summary of Invent

INVENTORIES - Summary of Inventories (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Inventories [Line Items]
Total inventories at the lower of cost and net realizable value	$ 130,608	$ 128,797
Cost
Disclosure Of Inventories [Line Items]
Raw materials and supplies	26,449	23,928
Work in progress	17,945	24,791
Finished goods	$ 86,214	$ 80,078

INVENTORIES - Additional Inform

INVENTORIES - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Classes of current inventories [abstract]
Inventories recognized as expense	$ 387,227	$ 441,371	$ 279,728
Amount expensed (credited) to cost of sales	$ (1,119)	$ 14,136	$ (240)

CONTRACT ASSETS - Schedule of A

CONTRACT ASSETS - Schedule of Assets Related to Contracts with Customers (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Contract assets [abstract]
Contract assets	$ 12,450	$ 11,381	$ 10,245

CONTRACT ASSETS - Additional In

CONTRACT ASSETS - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Financial Instruments [Line Items]
Advances or retentions received from construction contracts	$ 0	$ 0
SDI
Disclosure Of Financial Instruments [Line Items]
Decrease through impairment, contract assets	$ 0

CONTRACT ASSETS - Aggregate Amo

CONTRACT ASSETS - Aggregate Amount of the Transaction Price Allocated to the Unsatisfied Performance Obligations (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Unsatisfied long-term SDI contracts
Expected to be recognized as revenue over 3 years	$ 109,816	$ 119,025

PROPERTY, PLANT AND EQUIPMENT -

PROPERTY, PLANT AND EQUIPMENT - Summary of Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	$ 54,419	$ 54,700
Additions
Impairment of property, plant and equipment	0	(7)	$ (202)
Ending balance	50,713	54,419	54,700
Cost
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	178,944	195,807
Additions	3,553	8,656
Disposals	(4,549)	(8,260)
Transfer	0	43
Exchange differences	(8,014)	(17,302)
Ending balance	169,934	178,944	195,807
Less: Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	(124,525)	(141,107)
Depreciation charge for the year	(4,932)	(4,590)
Impairment of property, plant and equipment	0	(7)
Disposals	4,477	8,179
Transfer	0	(42)
Exchange differences	5,759	13,042
Ending balance	(119,221)	(124,525)	(141,107)
Land
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	6,016	6,872
Ending balance	5,720	6,016	6,872
Land | Cost
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	6,016	6,872
Additions	0	0
Disposals	0	0
Transfer	0	0
Exchange differences	(296)	(856)
Ending balance	5,720	6,016	6,872
Land | Less: Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	0	0
Depreciation charge for the year	0	0
Impairment of property, plant and equipment	0	0
Disposals	0	0
Transfer	0	0
Exchange differences	0	0
Ending balance	0	0	0
Buildings
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	12,084	13,631
Ending balance	14,992	12,084	13,631
Buildings | Cost
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	48,092	52,116
Additions	210	0
Disposals	0	(37)
Transfer	4,038	(45)
Exchange differences	(1,753)	(3,942)
Ending balance	50,587	48,092	52,116
Buildings | Less: Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	(36,008)	(38,485)
Depreciation charge for the year	(1,069)	(993)
Impairment of property, plant and equipment	0	0
Disposals	0	36
Transfer	0	45
Exchange differences	1,482	3,389
Ending balance	(35,595)	(36,008)	(38,485)
Building improvement
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	2,006	2,480
Ending balance	3,123	2,006	2,480
Building improvement | Cost
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	6,837	7,336
Additions	353	6
Disposals	0	0
Transfer	1,280	108
Exchange differences	(272)	(613)
Ending balance	8,198	6,837	7,336
Building improvement | Less: Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	(4,831)	(4,856)
Depreciation charge for the year	(438)	(403)
Impairment of property, plant and equipment	0	0
Disposals	0	0
Transfer	0	0
Exchange differences	194	428
Ending balance	(5,075)	(4,831)	(4,856)
Machinery and equipment
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	14,240	12,721
Ending balance	22,296	14,240	12,721
Machinery and equipment | Cost
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	88,164	100,265
Additions	454	406
Disposals	(3,783)	(7,232)
Transfer	10,637	4,523
Exchange differences	(4,158)	(9,798)
Ending balance	91,314	88,164	100,265
Machinery and equipment | Less: Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	(73,924)	(87,544)
Depreciation charge for the year	(2,434)	(2,184)
Impairment of property, plant and equipment	0	(5)
Disposals	3,783	7,170
Transfer	0	0
Exchange differences	3,557	8,639
Ending balance	(69,018)	(73,924)	(87,544)
Motor vehicle and other asset
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	1,801	2,112
Ending balance	1,530	1,801	2,112
Motor vehicle and other asset | Cost
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	5,476	5,969
Additions	298	374
Disposals	(304)	(517)
Transfer	0	88
Exchange differences	(160)	(438)
Ending balance	5,310	5,476	5,969
Motor vehicle and other asset | Less: Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	(3,675)	(3,857)
Depreciation charge for the year	(435)	(504)
Impairment of property, plant and equipment	0	0
Disposals	242	505
Transfer	0	(87)
Exchange differences	88	268
Ending balance	(3,780)	(3,675)	(3,857)
Office equipment
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	1,460	1,223
Ending balance	1,647	1,460	1,223
Office equipment | Cost
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	7,547	7,588
Additions	645	761
Disposals	(457)	(474)
Transfer	200	11
Exchange differences	(535)	(339)
Ending balance	7,400	7,547	7,588
Office equipment | Less: Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	(6,087)	(6,365)
Depreciation charge for the year	(556)	(506)
Impairment of property, plant and equipment	0	(2)
Disposals	452	468
Transfer	0	0
Exchange differences	438	318
Ending balance	(5,753)	(6,087)	(6,365)
Construction in progress
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	16,812	15,661
Ending balance	1,405	16,812	15,661
Construction in progress | Cost
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	16,812	15,661
Additions	1,593	7,109
Disposals	(5)	0
Transfer	(16,155)	(4,642)
Exchange differences	(840)	(1,316)
Ending balance	1,405	16,812	15,661
Construction in progress | Less: Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [Line Items]
Beginning balance	0	0
Depreciation charge for the year	0	0
Impairment of property, plant and equipment	0	0
Disposals	0	0
Transfer	0	0
Exchange differences	0	0
Ending balance	$ 0	$ 0	$ 0

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about property, plant and equipment [Line Items]
Impairment loss	$ 0	$ 7	$ 202
Siam Fiber Optics Co., Ltd. (“SFO”) (ii)
Disclosure of detailed information about property, plant and equipment [Line Items]
Recoverable amount of CGU	$ 0

RIGHT-OF-USE ASSETS- Summary of

RIGHT-OF-USE ASSETS- Summary of Right of Use Assets Recognized in Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about Right-of-use assets [Line Items]
Right of use assets	$ 3,432	$ 3,393
Land
Disclosure of detailed information about Right-of-use assets [Line Items]
Right of use assets	2,211	2,533
Buildings
Disclosure of detailed information about Right-of-use assets [Line Items]
Right of use assets	935	690
Motor vehicle and other asset
Disclosure of detailed information about Right-of-use assets [Line Items]
Right of use assets	134	135
Office equipment
Disclosure of detailed information about Right-of-use assets [Line Items]
Right of use assets	$ 152	$ 35

RIGHT-OF-USE ASSETS - Additiona

RIGHT-OF-USE ASSETS - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about Right-of-use assets [Line Items]
Additions to the right of use assets	$ 863	$ 906
Cash outflow for lease	$ 710	$ 708
Bottom of range
Disclosure of detailed information about Right-of-use assets [Line Items]
Lease term of contract	2 years
Top of range
Disclosure of detailed information about Right-of-use assets [Line Items]
Lease term of contract	37 years

RIGHT-OF-USE ASSETS - Summary o

RIGHT-OF-USE ASSETS - Summary of Lease Expenses Recognized in Consolidated Income Statements (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about Right-of-use assets [Line Items]
Depreciation charge of right of use assets	$ 682	$ 661
Interest expenses (included in finance cost)	80	70	$ 79
Expenses relating to short-term leases	11	3
Expenses relating to lease of low-value assets that are not short-term leases	3	3
Land
Disclosure of detailed information about Right-of-use assets [Line Items]
Depreciation charge of right of use assets	242	289
Buildings
Disclosure of detailed information about Right-of-use assets [Line Items]
Depreciation charge of right of use assets	337	286
Motor vehicle and other asset
Disclosure of detailed information about Right-of-use assets [Line Items]
Depreciation charge of right of use assets	65	53
Office equipment
Disclosure of detailed information about Right-of-use assets [Line Items]
Depreciation charge of right of use assets	$ 38	$ 33

INVESTMENT PROPERTIES - Net Boo

INVESTMENT PROPERTIES - Net Book Value of Investment Properties (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about investment property [Line Items]
Investment properties	$ 5,250	$ 5,809	$ 6,378
Cost
Disclosure of detailed information about investment property [Line Items]
Investment properties	6,038	6,598
Less: Accumulated depreciation
Disclosure of detailed information about investment property [Line Items]
Investment properties	(788)	(789)
Land not being used for operation
Disclosure of detailed information about investment property [Line Items]
Investment properties	403	418
Land not being used for operation | Cost
Disclosure of detailed information about investment property [Line Items]
Investment properties	403	418
Land not being used for operation | Less: Accumulated depreciation
Disclosure of detailed information about investment property [Line Items]
Investment properties	0	0
Office buildings for rent
Disclosure of detailed information about investment property [Line Items]
Investment properties	130	200
Office buildings for rent | Cost
Disclosure of detailed information about investment property [Line Items]
Investment properties	515	716
Office buildings for rent | Less: Accumulated depreciation
Disclosure of detailed information about investment property [Line Items]
Investment properties	(385)	(516)
Warehouse
Disclosure of detailed information about investment property [Line Items]
Investment properties	4,621	5,096
Warehouse | Cost
Disclosure of detailed information about investment property [Line Items]
Investment properties	5,018	5,366
Warehouse | Less: Accumulated depreciation
Disclosure of detailed information about investment property [Line Items]
Investment properties	(397)	(270)
Land leasehold right
Disclosure of detailed information about investment property [Line Items]
Investment properties	86	95
Land leasehold right | Cost
Disclosure of detailed information about investment property [Line Items]
Investment properties	91	98
Land leasehold right | Less: Accumulated depreciation
Disclosure of detailed information about investment property [Line Items]
Investment properties	(5)	(3)
Other
Disclosure of detailed information about investment property [Line Items]
Investment properties	10	0
Other | Cost
Disclosure of detailed information about investment property [Line Items]
Investment properties	11	0
Other | Less: Accumulated depreciation
Disclosure of detailed information about investment property [Line Items]
Investment properties	$ (1)	$ 0

INVESTMENT PROPERTIES - Reconci

INVESTMENT PROPERTIES - Reconciliation of Net Book Value of Investment Properties (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about investment property [abstract]
Net book value at January 1	$ 5,809	$ 6,378
Addition	12	0
Disposals	(30)	0
Depreciation (included in administrative expenses)	(176)	(196)
Exchange difference	(365)	(373)
Net book value at December 31	$ 5,250	$ 5,809

INVESTMENT PROPERTIES - Amount

INVESTMENT PROPERTIES - Amount Recognized in Profit or Loss Arising from Investment Properties (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about investment property [abstract]
Rental income derived from investment properties	$ 243	$ 170	$ 190
Direct operating expenses (including repairs and maintenance) generating rental income	(157)	(174)	(145)
Direct operating expenses (including repairs and maintenance) that did not generate rental income	(21)	(23)	0
Net profit (loss) arising from investment properties carried at cost	$ 65	$ (27)	$ 45

INVESTMENT PROPERTIES - Fair Va

INVESTMENT PROPERTIES - Fair Value of Investment Properties (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about investment property [Line Items]
Investment properties	$ 5,250	$ 5,809	$ 6,378
Land not being used for operation
Disclosure of detailed information about investment property [Line Items]
Investment properties	403	418
Office buildings for rent
Disclosure of detailed information about investment property [Line Items]
Investment properties	130	200
Warehouse
Disclosure of detailed information about investment property [Line Items]
Investment properties	4,621	5,096
Land leasehold right
Disclosure of detailed information about investment property [Line Items]
Investment properties	86	95
Other
Disclosure of detailed information about investment property [Line Items]
Investment properties	10	0
Fair value | Land not being used for operation
Disclosure of detailed information about investment property [Line Items]
Investment properties	10,322	10,528
Fair value | Office buildings for rent
Disclosure of detailed information about investment property [Line Items]
Investment properties	1,995	2,444
Fair value | Warehouse
Disclosure of detailed information about investment property [Line Items]
Investment properties	5,291	5,658
Fair value | Land leasehold right
Disclosure of detailed information about investment property [Line Items]
Investment properties	158	173
Fair value | Other
Disclosure of detailed information about investment property [Line Items]
Investment properties	$ 11	$ 0

INTANGIBLE ASSETS - Summary of

INTANGIBLE ASSETS - Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Intangible Assets [Line Items]
Beginning balance	$ 129
Ending balance	139	$ 129
Cost
Disclosure Of Intangible Assets [Line Items]
Beginning balance	696	743
Addition	62	4
Disposals	0	(19)
Transfer	0	0
Exchange difference	(20)	(32)
Ending balance	738	696
Accumulated amortization
Disclosure Of Intangible Assets [Line Items]
Beginning balance	(567)	(563)
Disposals	0	19
Exchange difference	13	24
Amortization	(45)	(47)
Ending balance	$ (599)	$ (567)

INVESTMENTS IN ASSOCIATES - Ass

INVESTMENTS IN ASSOCIATES - Associates of the Company (Detail)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Shandong Pacific Rubber Cable Co., Ltd. (“SPRC”)
Disclosure of associates [line items]
Percentage of equity interest	25%	25%
Siam Pacific Holding Company Limited (“SPHC”)
Disclosure of associates [line items]
Percentage of equity interest	49%	49%	49%
Loxpac (Thailand) Company Limited (“Loxpac”) (Formerly known as “Loxley Pacific Co., Ltd.)
Disclosure of associates [line items]
Percentage of equity interest	21.39%	21.39%
Loxpac Hong Kong Co., Limited (“Loxpac HK”) (Formerly known as “Loxley Pacific Hong Kong Co., Limited” )
Disclosure of associates [line items]
Percentage of equity interest	23.10%	23.10%

INVESTMENTS IN ASSOCIATES - Mov

INVESTMENTS IN ASSOCIATES - Movements in Investments in Associates (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of associates [abstract]
At January 1	$ 835	$ 930
Share of loss of associates	(1)	(1)	$ (1)
Exchange difference	(29)	(94)
At December 31	$ 805	$ 835	$ 930

INVESTMENTS IN ASSOCIATES - Sum

INVESTMENTS IN ASSOCIATES - Summarized Financial Information of Investments in Associates (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of associates [line items]
Current assets	$ 299,525	$ 312,003
Non-current assets	71,494	77,425
Current liabilities	(133,599)	(162,193)
Non-current liabilities	(25,992)	(17,918)
Total Equity	211,428	209,317	$ 234,875	$ 228,435
Carrying amount of the investment	805	835	930
Revenue	433,893	476,659	313,564
Profit/(loss) for the year	4,757	(8,512)	3,709
Share of loss of associates	(1)	(1)	$ (1)
Siam Pacific Holding Company Limited (“SPHC”)
Disclosure of associates [line items]
Current assets	1	3
Non-current assets	1,818	1,884
Current liabilities	(2)	(1)
Non-current liabilities	(176)	(182)
Total Equity	$ 1,641	$ 1,704
Percentage of equity interest	49%	49%	49%
Carrying amount of the investment	$ 805	$ 835
Revenue	0	0	$ 0
Profit/(loss) for the year	(3)	(2)	(2)
Share of loss of associates	$ (1)	$ (1)	$ (1)

INVESTMENTS IN ASSOCIATES - Add

INVESTMENTS IN ASSOCIATES - Additional disclosure (Details) - Associates [member] - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure of associates [line items]
Capital commitments	$ 0	$ 0
Estimated financial effect of contingent liabilities	$ 0	$ 0

TRADE AND OTHER PAYABLES - Summ

TRADE AND OTHER PAYABLES - Summary of Trade and Other Payables (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Trade and other current payables [abstract]
Trade payables	$ 29,258	$ 32,428
Other payables	10,633	12,356
Trade and other payables	$ 39,891	$ 44,784

TRADE AND OTHER PAYABLES - Addi

TRADE AND OTHER PAYABLES - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Trade And Other Payables [Line Items]
Contract liabilities	$ 1,325	$ 612
Refund liabilities
Trade And Other Payables [Line Items]
Contract liabilities	$ 8,667	$ 9,832

EMPLOYEE BENEFIT - Summary of E

EMPLOYEE BENEFIT - Summary of Employee Benefit Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure of net defined benefit liability (asset) [abstract]
Pension-defined benefit plans, current	$ 1,320	$ 1,387
Long service leave, current	627	600
Employee benefit liabilities, current	1,947	1,987
Pension-defined benefit plans, non-current	7,576	8,467
Long service leave, non-current	117	126
Employee benefit liabilities, non-current	7,693	8,593
Pension-defined benefit plans	8,896	9,854
Long service leave	744	726
Employee benefit liabilities	$ 9,640	$ 10,580

EMPLOYEE BENEFIT - Additional I

EMPLOYEE BENEFIT - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of net defined benefit liability (asset) [abstract]
Total charges for defined contribution pension plans	$ 1,182	$ 1,200	$ 966
Amount of long service leave obligation	$ 744	$ 726

EMPLOYEE BENEFIT - Summary of C

EMPLOYEE BENEFIT - Summary of Components of Net Benefit Expense Recognized in Income Statement and Funded Status and Amounts Recognized in Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of net defined benefit liability (asset) [abstract]
Current service cost	$ 447	$ 519	$ 562
Past service cost	48	0	0
Interest cost on benefit obligation	154	127	147
Net benefit cost	649	646	709
Actuarial (gain) / loss - experience	(263)	140	(328)
Actuarial (gain) / loss - demographic assumption	74	(23)	(1)
Actuarial (gain) / loss - financial assumption	(543)	(676)	130
Re-measuring gain/(loss) on defined benefit plans	(732)	(559)	(199)
Defined benefit obligation at January 1	9,854	11,300	11,742
Current service cost	447	519	562
Past service cost	48	0	0
Interest cost on benefit obligation	154	127	147
Benefits paid directly by our Company	(653)	(746)	(954)
Exchange differences	(222)	(787)	2
Defined benefit obligation at December 31	$ 8,896	$ 9,854	$ 11,300

EMPLOYEE BENEFIT - Significant

EMPLOYEE BENEFIT - Significant Assumptions Used in Determining Actuarial Present Value of Defined Benefit Obligations (Detail)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Net Defined Benefit Liability Asset [Line Items]
Discount rate		1.90%
Pre-retirement mortality	* Thailand TMO17 Tables	* Thailand TMO17 Tables
Bottom of range
Disclosure Of Net Defined Benefit Liability Asset [Line Items]
Discount rate	2.50%
Rate of salary increase	5%	5%
Top of range
Disclosure Of Net Defined Benefit Liability Asset [Line Items]
Discount rate	2.70%
Rate of salary increase	6%	6%

EMPLOYEE BENEFIT - Maturity Pro

EMPLOYEE BENEFIT - Maturity Profile of Defined Benefit Obligation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of defined benefit plans [Line Items]
Total expected payments	$ 7,357	$ 7,502
Weighted average duration of defined benefit obligation	9 years	9 years
Within the next 12 months (next annual reporting period)
Disclosure of defined benefit plans [Line Items]
Total expected payments	$ 1,320	$ 1,387
Between 2 and 5 years
Disclosure of defined benefit plans [Line Items]
Total expected payments	1,936	1,770
Between 6 and 10 years
Disclosure of defined benefit plans [Line Items]
Total expected payments	$ 4,101	$ 4,345

EMPLOYEE BENEFIT - Sensitivity

EMPLOYEE BENEFIT - Sensitivity Analysis of One-percentage Point Change in Assumed Rates (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Discount rate
Disclosure of sensitivity analysis for actuarial assumptions [Line Items]
Assumption - 1% increase	$ (699)	$ (817)
Assumption - 1% decrease	818	960
Rate of salary increase
Disclosure of sensitivity analysis for actuarial assumptions [Line Items]
Assumption - 1% increase	782	912
Assumption - 1% decrease	$ (685)	$ (796)

EMPLOYEE BENEFIT - Sensitivit_2

EMPLOYEE BENEFIT - Sensitivity Analysis of One-percentage Point Change in Assumed Rates (Parenthetical) (Detail)	Dec. 31, 2022	Dec. 31, 2021
Discount rate
Disclosure of sensitivity analysis for actuarial assumptions [Line Items]
Rate increase	1%	1%
Rate decrease	1%	1%
Rate of salary increase
Disclosure of sensitivity analysis for actuarial assumptions [Line Items]
Rate increase	1%	1%
Rate decrease	1%	1%

OTHER CURRENT LIABILITIES - Sum

OTHER CURRENT LIABILITIES - Summary of Other Current Liability (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Other Current Liabilities [Abstract]
Contract liabilities	$ 1,325	$ 612
Dividend payable	291	671
Onerous contracts provisions	2,110	9,640
Other current liabilities	1,563	3,212
Total	$ 5,289	$ 14,135

OTHER CURRENT LIABILITIES - S_2

OTHER CURRENT LIABILITIES - Summary of Onerous Contracts Provisions (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Other Current Liabilities [Abstract]
At January 1	$ 9,640	$ 5,105
Recognized	498	6,241
Reversed	(7,763)	(1,401)
Exchange differences	(265)	(305)
At December 31	$ 2,110	$ 9,640

OTHER CURRENT LIABILITIES - S_3

OTHER CURRENT LIABILITIES - Summary of Contract Liability (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current contract liabilities
Total current contract liabilities	$ 1,325	$ 612	$ 259
Advance from customers
Current contract liabilities
Total current contract liabilities	1,222	511	156
Custodial service
Current contract liabilities
Total current contract liabilities	47	50	44
Transportation service
Current contract liabilities
Total current contract liabilities	$ 56	$ 51	$ 59

OTHER CURRENT LIABILITIES - S_4

OTHER CURRENT LIABILITIES - Summary of Revenue Recognized in Relation to Contract Liabilities (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Current contract liabilities
Revenue recognized that was included in the contract liabilities balance at the beginning of the year	$ 609	$ 240
Advance from customers
Current contract liabilities
Revenue recognized that was included in the contract liabilities balance at the beginning of the year	511	156
Custodial service
Current contract liabilities
Revenue recognized that was included in the contract liabilities balance at the beginning of the year	49	40
Transportation service
Current contract liabilities
Revenue recognized that was included in the contract liabilities balance at the beginning of the year	$ 49	$ 44

EQUITY - Authorized Shares and

EQUITY - Authorized Shares and Common Shares Issued and Fully Paid (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Classes Of Share Capital [Line Items]
Par value per share (USD per share)	$ 0.01	$ 0.01
Amount of common shares issued and fully paid	$ 206	$ 138
Ordinary shares
Disclosure Of Classes Of Share Capital [Line Items]
Number of shares (in shares)	50,000,000	50,000,000
Number of common shares issued and fully paid (in shares)	20,627,327	13,830,769	13,830,769
Issuance of common shares	6,796,558
Amount of common shares issued and fully paid	$ 206	$ 138	$ 138
Issuance of common shares	$ 68
Treasury shares
Disclosure Of Classes Of Share Capital [Line Items]
Number of common shares issued and fully paid (in shares)	11,100	11,100	11,100
Amount of common shares issued and fully paid	$ 38	$ 38	$ 38

EQUITY - Additional Information

EQUITY - Additional Information (Detail) - shares	12 Months Ended
	Dec. 31, 2022	Feb. 02, 2022
Disclosure Of Classes Of Share Capital [Line Items]
Number of shares issued (in shares)		6,796,558
Number of shares outstanding (in shares)	20,616,227
Bottom of range
Disclosure Of Classes Of Share Capital [Line Items]
Intended percentage of net post-tax audited consolidated profits attributable to shareholders to pay for cash dividends	25%

EQUITY - Disaggregation of Chan

EQUITY - Disaggregation of Changes of Other Comprehensive Income by Each Type of Reserve in Equity (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of analysis of other comprehensive income by item [Line Items]
Exchange difference on translation of foreign operations	$ (9,506)	$ (15,028)	$ 5,211
Re-measuring gains on defined benefit plans	585	447	159
Changes in fair value of financial assets at fair value through other comprehensive income	(1,082)	587	(1,431)
Other comprehensive (loss)/income for the year, net of tax	(10,003)	(13,994)	3,939
Reserves including portion related to non-controlling interests | Remeasurement of defined benefit plans
Disclosure of analysis of other comprehensive income by item [Line Items]
Re-measuring gains on defined benefit plans	585	447	159
Other comprehensive (loss)/income for the year, net of tax	585	447	159
Reserves including portion related to non-controlling interests | Financial assets at FVOCI reserve
Disclosure of analysis of other comprehensive income by item [Line Items]
Changes in fair value of financial assets at fair value through other comprehensive income	(1,082)	587	(1,431)
Other comprehensive (loss)/income for the year, net of tax	(1,082)	587	(1,431)
Reserves including portion related to non-controlling interests | Foreign currency translation reserve
Disclosure of analysis of other comprehensive income by item [Line Items]
Exchange difference on translation of foreign operations	(9,506)	(15,028)	5,211
Other comprehensive (loss)/income for the year, net of tax	$ (9,506)	$ (15,028)	$ 5,211

RELATED PARTY TRANSACTIONS - Ou

RELATED PARTY TRANSACTIONS - Outstanding Balances and Transactions with Related Parties (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of transactions between related parties [Line Items]
Amounts due from related parties	$ 11,018	$ 13,965
Amounts due to related parties	16,613	11,865
PEWC
Disclosure of transactions between related parties [Line Items]
Amounts due from related parties	147	24
Amounts due to related parties	14,814	10,075
Contract liabilities	137	0
Purchases	24,914	20,359	$ 5,742
Sales	0	5,254	90
Fabrication income received	0	25	0
Construction income received	3	0	0
Management fee paid	172	153	133
Information technology service fee paid	120	113	123
Training fee paid	0	110	0
Interest expenses paid	0	91	60
Rental fee paid	18	0	0
Materials purchased for interior office redecorating	8	0	0
Management fee received	10	0	0
PEWC, Singapore Branch
Disclosure of transactions between related parties [Line Items]
Amounts due from related parties	5	21
Management fee received	0	14	14
PEWC (HK)
Disclosure of transactions between related parties [Line Items]
Amounts due from related parties	4,177	7,204
Amounts due to related parties	26	16
Sales	18,309	25,127	17,004
Service fee paid	156	219	209
Taiwan Submarine Cable Co., Ltd
Disclosure of transactions between related parties [Line Items]
Amounts due from related parties	65	0
SPHC
Disclosure of transactions between related parties [Line Items]
Amounts due from related parties	170	176
Amounts due to related parties	1,362	1,362
Italian-Thai and its affiliates
Disclosure of transactions between related parties [Line Items]
Amounts due from related parties	6,454	6,540
Sales	8,772	6,613	5,344
Construction of factory building expenses	0	1,651	3,436
PEWC Singapore Co. (Pte) Ltd.
Disclosure of transactions between related parties [Line Items]
Amounts due to related parties	400	400
Interest expenses paid	0	0	12
Others
Disclosure of transactions between related parties [Line Items]
Amounts due to related parties	11	12
Fabrication cost	$ 277	$ 350	$ 238

RELATED PARTY TRANSACTIONS - Ad

RELATED PARTY TRANSACTIONS - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Aug. 31, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Aug. 21, 2020
Disclosure of transactions between related parties [Line Items]
Provision of guarantees or collateral by entity, related party transactions		$ 0
PEWC
Disclosure of transactions between related parties [Line Items]
Principal amount borrowed under Secured Loan					$ 6,000
Secured loan fixed interest rate	3%
PEWC
Disclosure of transactions between related parties [Line Items]
Sales commission received from related party		$ 0	$ 0	$ 0
Sigma Cable Company (Private) Limited (“Sigma Cable”) | PEWC
Disclosure of transactions between related parties [Line Items]
Secured loan pledging ownership percentage as collateral	98.30%

RELATED PARTY TRANSACTIONS - Co

RELATED PARTY TRANSACTIONS - Compensation of Key Management Personnel (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Related party transactions [abstract]
Short-term employee benefits	$ 1,953	$ 2,372	$ 3,050
Post-employment benefits	48	84	114
Total compensation paid to key management personnel	$ 2,001	$ 2,456	$ 3,164

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) T	Dec. 31, 2021 USD ($) T
Disclosure of Commitments and Contingencies [Line Items]
Capital commitment relating to the construction of factory building improvement and acquisition of machinery	$ 0.7	$ 0.9
Outstanding bank guarantees	$ 14	14
Bank guarantees, average term (years)	1 year
Commitments in respect of management consulting services with related parties	$ 0.1	0.1
Bottom of range
Disclosure of Commitments and Contingencies [Line Items]
Commitments to purchase raw materials	$ 191	$ 219
Commitments to purchase raw materials, metric tons | T	22,375	22,252
Top of range
Disclosure of Commitments and Contingencies [Line Items]
Commitments to purchase raw materials	$ 225	$ 262
Commitments to purchase raw materials, metric tons | T	26,255	26,652
Contingent liability for guarantees | Top of range
Disclosure of Commitments and Contingencies [Line Items]
Corporate guarantee	$ 25	$ 25

FAIR VALUE MEASUREMENT - Quanti

FAIR VALUE MEASUREMENT - Quantitative Disclosures Fair Value Measurement Hierarchy for Assets (Liabilities) (Detail) - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Aug. 13, 2014
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Financial assets (liabilities) - derivatives (Note 11.(a))	$ (138,027,000)	$ (147,897,000)		$ 0
Equity instrument (Note 11(d))	1,553,000	2,929,000
Investment properties	5,250,000	5,809,000	$ 6,378,000
Office buildings
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Investment properties	130,000	200,000
Other
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Investment properties	10,000	0
Significant unobservable inputs (Level 3)
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Equity instrument (Note 11(d))	1,553,000	2,929,000	$ 2,271,000
Fair value
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Financial assets (liabilities) - derivatives (Note 11.(a))	(138,027,000)	(147,897,000)
Equity instrument (Note 11(d))	1,553,000	2,929,000
Fair value | Foreign exchange forward contract
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Financial assets (liabilities) - derivatives (Note 11.(a))	(6,000)
Fair value | Land
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Investment properties	10,322,000	10,528,000
Fair value | Office buildings
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Investment properties	1,995,000	2,444,000
Fair value | Warehouse
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Investment properties	5,291,000	5,658,000
Fair value | Land leasehold right
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Investment properties	158,000	173,000
Fair value | Other
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Investment properties	11,000	0
Fair value | Quoted prices in active markets (Level 1)
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Equity instrument (Note 11(d))	0	0
Fair value | Quoted prices in active markets (Level 1) | Land
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Investment properties	0	0
Fair value | Quoted prices in active markets (Level 1) | Office buildings
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Investment properties	0	0
Fair value | Quoted prices in active markets (Level 1) | Warehouse
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Investment properties	0	0
Fair value | Quoted prices in active markets (Level 1) | Land leasehold right
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Investment properties	0	0
Fair value | Quoted prices in active markets (Level 1) | Other
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Investment properties	0
Fair value | Significant observable inputs (Level 2)
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Equity instrument (Note 11(d))	0	0
Fair value | Significant observable inputs (Level 2) | Land
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Investment properties	0	0
Fair value | Significant observable inputs (Level 2) | Office buildings
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Investment properties	0	0
Fair value | Significant observable inputs (Level 2) | Warehouse
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Investment properties	0	0
Fair value | Significant observable inputs (Level 2) | Land leasehold right
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Investment properties	0	0
Fair value | Significant observable inputs (Level 2) | Other
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Investment properties	0
Fair value | Significant unobservable inputs (Level 3)
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Equity instrument (Note 11(d))	1,553,000	2,929,000
Fair value | Significant unobservable inputs (Level 3) | Land
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Investment properties	10,322,000	10,528,000
Fair value | Significant unobservable inputs (Level 3) | Office buildings
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Investment properties	1,995,000	2,444,000
Fair value | Significant unobservable inputs (Level 3) | Warehouse
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Investment properties	5,291,000	5,658,000
Fair value | Significant unobservable inputs (Level 3) | Land leasehold right
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Investment properties	158,000	$ 173,000
Fair value | Significant unobservable inputs (Level 3) | Other
Disclosure of fair value measurement of assets (liabilities) [Line Items]
Investment properties	$ 11,000

FAIR VALUE MEASUREMENT - Additi

FAIR VALUE MEASUREMENT - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Fair Value Measurement Of Assets Liabilities [Abstract]
Transfers out of Level 1 into Level 2 of fair value hierarchy, entity's own equity instruments held at end of reporting period	$ 0	$ 0

FINANCIAL RISK MANAGEMENT OBJ_3

FINANCIAL RISK MANAGEMENT OBJECTIVES - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2019
Disclosure Of Financial Instruments [Line Items]
Copper costs as a percentage of product cost	79%	75%
Cash on hand and cash at banks	$ 54,017	$ 44,507
Unutilized amounts of bank loans	158,000
Financial liabilities	120,000
Mortgage of land, buildings, machinery and equipment, investment properties and land use rights	10,541	7,030
Pledge of other receivables	1,118	1,109
Assets pledged as security			$ 1,339
Subsidiary
Disclosure Of Financial Instruments [Line Items]
Assets pledged as security	$ 35,080	$ 33,940
One major customer
Disclosure Of Financial Instruments [Line Items]
Percentage of trade receivables from one customer	14.44%	15.53%
Interest rate risk
Disclosure Of Financial Instruments [Line Items]
Change in year-end price	0.30%	0.30%
Effect on profit before tax	$ 128	$ 168
Top of range
Disclosure Of Financial Instruments [Line Items]
Percentage of financial liabilities bear floating interest rate	36%
Weighted average
Disclosure Of Financial Instruments [Line Items]
Weighted average interest rates on bank loans and overdrafts	2.58%	2.15%

FINANCIAL RISK MANAGEMENT OBJ_4

FINANCIAL RISK MANAGEMENT OBJECTIVES - Summary of Balance of Financial Assets and Liabilities Denominated in a Currency Different from the Company's Reporting Currency (Detail) - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Aug. 13, 2014
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Financial Assets	$ 152,360,000	$ 169,587,000
Financial Liabilities	138,027,000	147,897,000	$ 0
Foreign currency risk | United States dollar (USD)
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Financial Assets	8,231,000	15,304,000
Financial Liabilities	15,057,000	58,526,000
Foreign currency risk | Thai Baht (THB)
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Financial Assets	326,000	326,000
Financial Liabilities	30,000	30,000
Foreign currency risk | Singapore dollar (SGD)
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Financial Assets	106,000	130,000
Financial Liabilities	46,000	6,000
Foreign currency risk | Taiwan dollar (TWD)
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Financial Assets	25,282,000	9,929,000
Financial Liabilities	4,463,000	5,104,000
Foreign currency risk | Renminbi (RMB)
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Financial Assets	18,000	18,000
Financial Liabilities	0	0
Foreign currency risk | Hong Kong dollar (HKD)
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Financial Assets	7,773,000	10,678,000
Financial Liabilities	25,000	28,000
Foreign currency risk | Euro (EUR)
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Financial Assets	20,000	125,000
Financial Liabilities	$ 0	$ 519,000

FINANCIAL RISK MANAGEMENT OBJ_5

FINANCIAL RISK MANAGEMENT OBJECTIVES - Sensitivity of Profit Before Tax and Equity to a Reasonably Possible Change of Each Foreign Currency Exchange Rates (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
5% increase in rate
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Percentage of change of foreign currency exchange rates	5%	5%
Change in profit before tax due to change of foreign currency exchange rates	$ (341)	$ (2,161)
5% increase in rate | THB
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Change in profit before tax due to change of foreign currency exchange rates	0	0
5% increase in rate | SGD
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Change in profit before tax due to change of foreign currency exchange rates	2	5
5% increase in rate | TWD
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Change in profit before tax due to change of foreign currency exchange rates	34	9
5% increase in rate | HKD
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Change in profit before tax due to change of foreign currency exchange rates	50	68
5% increase in rate | EUR
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Change in profit before tax due to change of foreign currency exchange rates	$ 1	$ (22)
5% decrease in rate
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Percentage of change of foreign currency exchange rates	(5.00%)	(5.00%)
Change in profit before tax due to change of foreign currency exchange rates	$ 341	$ 2,161
5% decrease in rate | THB
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Change in profit before tax due to change of foreign currency exchange rates	0	0
5% decrease in rate | SGD
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Change in profit before tax due to change of foreign currency exchange rates	(2)	(5)
5% decrease in rate | TWD
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Change in profit before tax due to change of foreign currency exchange rates	(34)	(9)
5% decrease in rate | HKD
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Change in profit before tax due to change of foreign currency exchange rates	(50)	(68)
5% decrease in rate | EUR
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Change in profit before tax due to change of foreign currency exchange rates	$ (1)	$ 22

FINANCIAL RISK MANAGEMENT OBJ_6

FINANCIAL RISK MANAGEMENT OBJECTIVES - Commodity Price Sensitivity (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
23% increase in commodity price
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Change in year-end price	23%
Effect on profit before tax	$ 5,981
23% decrease in commodity price
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Change in year-end price	(23.00%)
Effect on profit before tax	$ (5,981)
95% increase in commodity price
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Change in year-end price		95%
Effect on profit before tax		$ 26,926
95% decrease in commodity price
Disclosure of nature and extent of risks arising from financial instruments [Line Items]
Change in year-end price		(95.00%)
Effect on profit before tax		$ (26,926)

FINANCIAL RISK MANAGEMENT OBJ_7

FINANCIAL RISK MANAGEMENT OBJECTIVES - Summary of Maturity Profile of Financial Liabilities Based on Contractual Undiscounted Payment Obligations (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosure of maturity analysis for non-derivative financial liabilities [Line Items]
Interest-bearing loans and borrowings	$ 60,973	$ 66,777
Trade and other payables	39,891	44,784
Financial liabilities at fair value through profit or loss	6
Lease liability	2,909	2,738
Financial liabilities	120,392	126,164
Less than 1 year
Disclosure of maturity analysis for non-derivative financial liabilities [Line Items]
Interest-bearing loans and borrowings	46,087	62,295
Trade and other payables	39,891	44,784
Financial liabilities at fair value through profit or loss	6
Lease liability	788	637
Financial liabilities	103,385	119,581
2 to 3 years
Disclosure of maturity analysis for non-derivative financial liabilities [Line Items]
Interest-bearing loans and borrowings	9,616	428
Trade and other payables	0	0
Financial liabilities at fair value through profit or loss	0
Lease liability	1,073	925
Financial liabilities	10,689	1,353
4 to 5 years
Disclosure of maturity analysis for non-derivative financial liabilities [Line Items]
Interest-bearing loans and borrowings	400	428
Trade and other payables	0	0
Financial liabilities at fair value through profit or loss	0
Lease liability	469	412
Financial liabilities	869	840
> 5 years
Disclosure of maturity analysis for non-derivative financial liabilities [Line Items]
Interest-bearing loans and borrowings	4,870	3,626
Trade and other payables	0	0
Financial liabilities at fair value through profit or loss	0
Lease liability	579	764
Financial liabilities	5,449	4,390
All other related parties
Disclosure of maturity analysis for non-derivative financial liabilities [Line Items]
Due to related parties	16,613	11,865
All other related parties | Less than 1 year
Disclosure of maturity analysis for non-derivative financial liabilities [Line Items]
Due to related parties	16,613	11,865
All other related parties | 2 to 3 years
Disclosure of maturity analysis for non-derivative financial liabilities [Line Items]
Due to related parties	0	0
All other related parties | 4 to 5 years
Disclosure of maturity analysis for non-derivative financial liabilities [Line Items]
Due to related parties	0	0
All other related parties | > 5 years
Disclosure of maturity analysis for non-derivative financial liabilities [Line Items]
Due to related parties	$ 0	$ 0

FINANCIAL RISK MANAGEMENT OBJ_8

FINANCIAL RISK MANAGEMENT OBJECTIVES - Summary of Capital Management (Detail) ฿ in Thousands, ¥ in Thousands, $ in Thousands, $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2022 AUD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 SGD ($)	Dec. 31, 2022 THB (฿)	Dec. 31, 2021 AUD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 SGD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Disclosure of detailed information about financial instruments [abstract]
Interest bearing loans and borrowings	$ 57,731	$ 65,387	$ 4,589	¥ 30,100	$ 6,000	฿ 312,602	$ 7,458	¥ 41,751	$ 5,000
Trade and other payables	39,891	44,784
Less: cash and cash equivalents	(54,017)	(44,507)
Net debt	43,605	65,664
Total Equity	211,428	209,317								$ 234,875	$ 228,435
Capital and net debt	$ 255,033	$ 274,981
Gearing ratio	17.10%	23.90%

CASH FLOW INFORMATION - Summary

CASH FLOW INFORMATION - Summary of Investing Activities with Partial Cash Payments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Investing Activities With Partial Cash Payments [Line Items]
Cash paid during the year	$ 3,746	$ 8,547	$ 14,537
Purchase of PPE
Disclosure Of Investing Activities With Partial Cash Payments [Line Items]
Acquisition of property, plant and equipment	3,553	8,657
Add: Payable for PPE or CIP - Opening	173	196
Less: Payable for PPE or CIP - Ending	(152)	(173)
Less: Prepayment for PPE & CIP - Opening	(427)	(561)
Add: Prepayment for PPE & CIP - Ending	599	428
Cash paid during the year	$ 3,746	$ 8,547

CASH FLOW INFORMATION - Summa_2

CASH FLOW INFORMATION - Summary of Reconciliation of Liabilities Arising from Financing Activities (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Reconciliation Of Liabilities Arising From Financing Activities [Line Items]
Balance at January 1	$ 67,874	$ 16,115
Changes in cash flows	(5,792)	53,529
Foreign exchange adjustments	(2,524)	(2,631)
Acquisition lease	851	906
Other changes	(15)	2
Remeasurement	(89)	(47)
Balance at December 31	60,305	67,874
Interest -bearing loans and borrowings
Disclosure Of Reconciliation Of Liabilities Arising From Financing Activities [Line Items]
Balance at January 1	65,387	13,781
Changes in cash flows	(5,176)	54,161
Foreign exchange adjustments	(2,480)	(2,555)
Acquisition lease	0	0
Other changes	0	0
Remeasurement	0	0
Balance at December 31	57,731	65,387
Lease liabilities
Disclosure Of Reconciliation Of Liabilities Arising From Financing Activities [Line Items]
Balance at January 1	2,487	2,334
Changes in cash flows	(616)	(632)
Foreign exchange adjustments	(44)	(76)
Acquisition lease	851	906
Other changes	(15)	2
Remeasurement	(89)	(47)
Balance at December 31	$ 2,574	$ 2,487

SUBSEQUENT EVENT - Additional I

SUBSEQUENT EVENT - Additional Information (Detail) - Feb. 21, 2023 - Dividends declared - Charoong Thai Wire and Cable Public Company Limited (“Charoong Thai”) (i) ฿ / shares in Units, ฿ in Millions, $ in Millions	USD ($)	THB (฿) ฿ / shares
Disclosure Of Nonadjusting Events After Reporting Period [Line Items]
Dividend payments declared to its shareholders	$ 0.6	฿ 19.9
Dividend payments declared to its shareholders, per share | ฿ / shares		฿ 0.05
Dividends paid to non-controlling interests | $	$ 0.3