Cover Page
Cover Page | 6 Months Ended |
Jun. 30, 2022 | |
Document Information [Line Items] | |
Document Type | POS AM |
Amendment Flag | true |
Entity Registrant Name | Grab Holdings Limited |
Entity Central Index Key | 0001855612 |
Entity Emerging Growth Company | true |
Entity Ex Transition Period | false |
Amendment Description | AMENDMENT NO. 1 |
Condensed consolidated statemen
Condensed consolidated statement of financial position - USD ($) $ in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Non-current assets | ||
Property, plant and equipment | $ 494 | $ 441 |
Intangible assets and goodwill | 905 | 675 |
Associates and joint venture | 45 | 14 |
Deferred tax assets | 9 | 5 |
Other investments | 1,327 | 1,241 |
Prepayments and other assets | 124 | 127 |
Non-current assets | 2,904 | 2,503 |
Current assets | ||
Inventories | 47 | 4 |
Trade and other receivables | 303 | 255 |
Prepayments and other assets | 286 | 185 |
Other investments | 4,021 | 3,240 |
Cash and cash equivalents | 2,793 | 4,991 |
Current assets | 7,450 | 8,675 |
Total assets | 10,354 | 11,178 |
Equity | ||
Share capital and share premium | 22,232 | 21,529 |
Reserves | 452 | 606 |
Accumulated losses | (15,533) | (14,402) |
Equity attributable to owners of the Company | 7,151 | 7,733 |
Non-controlling interests | 15 | 286 |
Total equity | 7,166 | 8,019 |
Non-current liabilities | ||
Warrant liabilities | 11 | 54 |
Loans and borrowings | 2,015 | 2,031 |
Provisions | 17 | 18 |
Other liabilities | 121 | 27 |
Deferred tax liabilities | 19 | 3 |
Non-current liabilities | 2,183 | 2,133 |
Current liabilities | ||
Loans and borrowings | 153 | 144 |
Provisions | 38 | 35 |
Trade payables and other liabilities | 810 | 844 |
Current tax liabilities | 4 | 3 |
Current liabilities | 1,005 | 1,026 |
Total liabilities | 3,188 | 3,159 |
Total equity and liabilities | $ 10,354 | $ 11,178 |
Condensed consolidated statem_2
Condensed consolidated statement of profit or loss and other comprehensive income - USD ($) $ in Millions | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | |||
Profit or loss [abstract] | ||||
Revenue | $ 549 | $ 396 | ||
Cost of revenue | (647) | (507) | ||
Other income | 6 | 16 | ||
Sales and marketing expense | (142) | (105) | ||
General and administrative expense | (331) | (243) | ||
Research and development expense | (240) | (167) | ||
Net impairment loss on financial assets | (22) | (10) | ||
Other expenses | (1) | [1] | ||
Operating loss | (828) | (620) | ||
Finance income | 32 | 61 | ||
Finance costs | (205) | (901) | ||
Net Finance costs | (173) | (840) | ||
Share of loss of equity-accounted investees (net of tax) | (3) | (4) | ||
Loss before income tax | (1,004) | (1,464) | ||
Income tax expense | (3) | (3) | ||
Loss for the period | (1,007) | (1,467) | ||
Items that will not be reclassified to profit or loss: | ||||
Defined benefit plan remeasurements | [1] | 0 | ||
Items that are or may be reclassified subsequently to profit or loss: | ||||
Foreign currency translation differences – foreign operations | (54) | (3) | ||
Other comprehensive loss for the period, net of tax | (54) | (3) | ||
Total comprehensive loss for the period | (1,061) | (1,470) | ||
Loss attributable to: | ||||
Owners of the Company | (970) | (1,425) | ||
Non-controlling interests | (37) | (42) | ||
Loss for the period | (1,007) | (1,467) | ||
Total comprehensive loss attributable to: | ||||
Owners of the Company | (1,024) | (1,426) | ||
Non-controlling interests | (37) | (44) | ||
Total comprehensive loss for the period | $ (1,061) | $ (1,470) | ||
Loss per share | ||||
Basic loss per share | $ (0.26) | $ (6.03) | ||
Diluted loss per share | $ (0.26) | $ (6.03) | ||
[1]Amount less than $1 million |
Condensed consolidated statem_3
Condensed consolidated statement of changes in equity - USD ($) $ in Millions | Total | Share capital | Share premium | Accumulated losses | Other reserve | CRPS reserve | Share option reserve | Foreign currency translation reserve | Equity (deficit) attributable to owners of the Company | Non- controlling interests | ||
Beginning balance at Dec. 31, 2020 | $ (6,294) | [1] | $ 140 | $ (10,490) | $ 0 | $ 3,850 | $ 79 | $ 22 | $ (6,399) | $ 105 | ||
Loss for the period | (1,467) | 0 | 0 | (1,425) | 0 | 0 | 0 | 0 | (1,425) | (42) | ||
Other comprehensive income | ||||||||||||
Exchange differences on translation of foreign operations | (3) | 0 | 0 | 0 | 0 | 0 | 0 | (1) | (1) | (2) | ||
Total other comprehensive loss | (3) | 0 | 0 | 0 | 0 | 0 | 0 | (1) | (1) | (2) | ||
Total comprehensive loss for the period | (1,470) | 0 | 0 | (1,425) | 0 | 0 | 0 | (1) | (1,426) | (44) | ||
Contributions by owners | ||||||||||||
Equity component of convertible redeemable preference shares ("CRPS") | 17 | 0 | 0 | 0 | 0 | 17 | 0 | 0 | 17 | 0 | ||
Share options exercised/restricted stock units vested | 44 | 84 | 0 | 0 | 0 | (40) | 0 | 44 | 0 | |||
Share-based payment | 140 | 0 | 0 | 0 | 0 | 0 | 140 | 0 | 140 | 0 | ||
Total contributions by owners | 201 | 84 | 0 | 0 | 17 | 100 | 0 | 201 | 0 | |||
Changes in ownership interests in subsidiaries | ||||||||||||
Changes in non-controlling interests without a loss of control | 256 | 0 | 0 | 59 | 112 | 0 | 0 | 0 | 171 | 85 | ||
Advance contribution by non-controlling interests | 258 | 0 | 0 | 0 | 258 | 0 | 0 | 0 | 258 | 0 | ||
Total changes in ownership interests in subsidiaries | 514 | 0 | 0 | 59 | 370 | 0 | 0 | 0 | 429 | 85 | ||
Total transactions with owners | 715 | 0 | 84 | 59 | 370 | 17 | 100 | 0 | 630 | 85 | ||
Ending balance at Jun. 30, 2021 | (7,049) | [1] | 224 | (11,856) | 370 | $ 3,867 | 179 | 21 | (7,195) | 146 | ||
Beginning balance at Dec. 31, 2021 | 8,019 | [1] | 21,529 | (14,402) | 243 | 382 | (19) | 7,733 | 286 | |||
Loss for the period | (1,007) | 0 | 0 | (970) | 0 | 0 | 0 | (970) | (37) | |||
Other comprehensive income | ||||||||||||
Exchange differences on translation of foreign operations | (54) | 0 | 0 | 0 | 0 | 0 | (54) | (54) | 0 | |||
Total other comprehensive loss | (54) | 0 | 0 | 0 | 0 | 0 | (54) | (54) | 0 | |||
Total comprehensive loss for the period | (1,061) | 0 | 0 | (970) | 0 | 0 | (54) | (1,024) | (37) | |||
Contributions by owners | ||||||||||||
Business combination | (23) | [1] | 46 | 0 | (91) | 0 | 0 | (45) | 22 | |||
Share options exercised/restricted stock units vested | 0 | 240 | 0 | 0 | (240) | 0 | 0 | 0 | ||||
Share-based payment | 231 | 0 | 0 | 0 | 0 | 231 | 0 | 231 | 0 | |||
Total contributions by owners | 208 | 286 | 0 | (91) | (9) | 0 | 186 | 22 | ||||
Changes in ownership interests in subsidiaries | ||||||||||||
Changes in non-controlling interests without a loss of control | [1] | 0 | 417 | (161) | 0 | 0 | 0 | 256 | (256) | |||
Total changes in ownership interests in subsidiaries | 0 | 417 | (161) | 0 | 0 | 0 | 256 | (256) | ||||
Total transactions with owners | 208 | [1] | 703 | (161) | (91) | (9) | 0 | 442 | (234) | |||
Ending balance at Jun. 30, 2022 | $ 7,166 | [1] | $ 22,232 | $ (15,533) | $ 152 | $ 373 | $ (73) | $ 7,151 | $ 15 | |||
[1]Amount less than $1 million |
Condensed consolidated statem_4
Condensed consolidated statement of cash flows - USD ($) $ in Millions | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | |||
Cash flows from operating activities | ||||
Loss before income tax | $ (1,004) | $ (1,464) | ||
Adjustments for: | ||||
Amortization of intangible assets | 10 | 117 | ||
Depreciation of property, plant and equipment | 62 | 53 | ||
Impairment of property, plant and equipment | 3 | 1 | ||
Equity-settled share-based payment | 231 | 140 | ||
Finance costs | 205 | 901 | ||
Net impairment loss on financial assets | 22 | 10 | ||
Finance income | (32) | (61) | ||
Loss on disposal of property, plant and equipment | [1] | |||
Gain on disposal of associate | 0 | (2) | ||
Share of loss of equity-accounted investees (net of tax) | 3 | 4 | ||
Change in provisions | 1 | (3) | ||
Adjustments to reconcile profit (loss) | (499) | (304) | ||
Changes in: | ||||
- Inventories | 7 | (2) | ||
- Deposits pledged | (11) | 0 | ||
- Trade and other receivables | (168) | (43) | ||
- Trade and other payables | (36) | 50 | ||
Cash used in operations | (707) | (299) | ||
Income tax paid | (10) | (4) | ||
Net cash used in operating activities | (717) | (303) | ||
Cash flows from investing activities | ||||
Acquisition of property, plant and equipment | (20) | (20) | ||
Purchase of intangible assets | (7) | (2) | ||
Proceeds from disposal of property, plant and equipment | 5 | 17 | ||
Acquisition of subsidiaries with non-controlling interests, net of cash acquired | (166) | 0 | ||
Acquisition of additional interests in associate | (35) | (9) | ||
Proceeds from disposal of associate | 0 | 8 | ||
Net acquisitions of other investments | (1,035) | (614) | ||
Restricted cash | 0 | (94) | ||
Interest received | 17 | 14 | ||
Net cash used in investing activities | (1,241) | (700) | ||
Cash flows from financing activities | ||||
Proceeds from exercise of share options | [1] | 44 | ||
Payment of share listing and associated expenses | (39) | 0 | ||
Proceeds from bank loans | 65 | 1,944 | ||
Repayment of bank loans | (149) | (89) | ||
Payment of lease liabilities | (16) | (12) | ||
Proceeds from issuance of convertible redeemable preference shares | 0 | 262 | ||
Proceeds from subscription of shares in subsidiaries by non-controlling interests | 0 | 217 | ||
Deposits pledged | 7 | 0 | ||
Interest paid | (71) | (40) | ||
Net cash (used in)/ from financing activities | (203) | 2,326 | ||
Net (decrease)/ increase in cash and cash equivalents | (2,161) | 1,323 | ||
Cash and cash equivalents at January 1 | 4,838 | 2,004 | ||
Effect of exchange rate fluctuations on cash held | (49) | (31) | ||
Cash and cash equivalents at June 30 | $ 2,628 | $ 3,296 | ||
[1]Amount less than $1 million |
Domicile and activities
Domicile and activities | 6 Months Ended |
Jun. 30, 2022 | |
Text Block [Abstract] | |
Domicile and activities | 1 Domicile and activities Grab Holdings Limited (the “Company” or “GHL”) was incorporated in the Cayman Islands on March 12, 2021. The address of the Company’s registered office is Harbour Place, 2nd Floor, 103 South Church Street, P.O. Box 472, George Town, KYI-1106, #01-03/06, The Company was formed to facilitate the public listing (on the Nasdaq Stock Market (“NASDAQ”)); and additional capitalisation (referred to collectively as the “Reverse Recapitalization”) of Grab Holdings Inc. (“GHI”) and its subsidiaries (together referred to as “GHI Group”). The Reverse Recapitalization was effectuated in December 2021. These condensed consolidated interim financial statements as at and for the six months ended June 30, 2022 comprise the Company and its subsidiaries (together referred to as the “Group” and individually as “Group entities”) and the Group’s interest in equity-accounted investees. As a result of the Reverse Recapitalization, the Company is the investment holding company of GHI. Therefore, these consolidated financial statements have been presented as a continuation of the GHI Group. The Group enables access to delivery, mobility, financial services and enterprise offerings in Southeast Asia through its mobile application (the “Grab Platform”). |
Going concern
Going concern | 6 Months Ended |
Jun. 30, 2022 | |
Text Block [Abstract] | |
Going concern | 2 Going concern These condensed consolidated interim financial statements have been prepared on a going concern basis, as were the annual consolidated financial statements as at and for the year ended 31 December 2021, which assumes that the Group will be able to discharge its liabilities in the ordinary course of business. The assets of the Group exceed its liabilities by $7,166 million as at June 30, 2022, and the Group has incurred a net loss after tax of $1,007 million for the six months ended June 30, 2022. As at June 30, 2022, the Group has term deposits with banks and financial institutions; and unrestricted cash in banks and on hand of $6,710 million available. Based on these factors and in consideration of the Group’s business plans, budgets and forecasts, management has a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. |
Basis of preparation
Basis of preparation | 6 Months Ended |
Jun. 30, 2022 | |
Text Block [Abstract] | |
Basis of preparation | 3 Basis of preparation 3.1 Statement of compliance These condensed consolidated interim financial statements for the six months ended 30 June 2022 have been prepared in accordance with International Accounting Standards (“IAS”) 34 Interim Financial Reporting 3.2 Functional and presentation currency These condensed consolidated interim financial statements are presented in United States dollars ($), which is the Company’s functional currency. All information presented in $ have been rounded to the nearest million, unless otherwise stated. 3.3 Use of estimates and judgments In preparing these condensed consolidated interim financial statements, management has made judgements and estimates that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expense. Actual results may differ from these estimates. The significant judgments made by management in applying the Group’s accounting policies and the key sources of estimation uncertainty were the same as those described in the last annual financial statements. Measurement of fair values A number of the Group’s accounting policies and disclosures require the measurement of fair values, for both financial and non-financial As part of an established control framework, significant unobservable inputs and valuation adjustments are regularly reviewed. If third party information is used to measure fair values, such information is assessed to support the conclusion that such valuations meet the requirements of IFRS, including the level in the fair value hierarchy in which such valuations should be classified. When measuring the fair value of an asset or a liability, the Group uses observable market data as far as possible. Fair values are categorized into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows: • Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities. • Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). • Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs). If the inputs used to measure the fair value of an asset or a liability fall into different levels of the fair value hierarchy, then the fair value measurement is categorized in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement (with Level 3 being the lowest). The Group recognizes transfers between levels of the fair value hierarchy as of the end of the reporting period during which the change has occurred. Further information about the assumptions made in measuring fair values is included in the following notes: • Note 5 – Intangible assets and goodwill, • Note 13 – Financial instruments, and • Note 15 – Business combinations 3.4 Change in accounting policies Except as described below, the accounting policies applied in these interim financial statements are the same as those applied in the Group’s consolidated financial statements as at and for the year ended 31 December 2021. The change in accounting policy will also be reflected in the Group’s consolidated financial statements as at and for the year ending 31 December 2022. The Group has adopted Onerous Contracts – Costs of Fulfilling a Contract (Amendments to IAS 37) |
Property, Plant and Equipment
Property, Plant and Equipment | 6 Months Ended |
Jun. 30, 2022 | |
Text Block [Abstract] | |
Property, plant and equipment | 4 Property, plant and equipment During the six months ended June 30, 2022, the Group acquired: • motor vehicles held for leasing of $27 million (six months ended 30 June 2021: $9 million) for cash payments of $5 million (six months ended 30 June 2021: $3 million), secured bank loan financing of $5 million (six months ended 30 June 2021: $6 million), and lease liabilities of $17 million (six months ended 30 June 2021: nil); and • right-of-use Property, plant and equipment with a carrying amount of $10 million were disposed of or derecognised during the six months ended June 30, 2022 (six months ended 30 June 2021: $17 million), resulting in an insignificant loss on disposal and derecognition. |
Intangible assets and goodwill
Intangible assets and goodwill | 6 Months Ended |
Jun. 30, 2022 | |
Text Block [Abstract] | |
Intangible assets and goodwill | 5 Intangible assets and goodwill During the six months ended June 30, 2022, the Group acquired a trademark of $69 million and recognised goodwill of $164 million through a business combination (see Note 15). The estimated useful life of the trademark is approximately 13 years. |
Cash and Cash Equivalents
Cash and Cash Equivalents | 6 Months Ended |
Jun. 30, 2022 | |
Text Block [Abstract] | |
Cash and cash equivalents | 6 Cash and cash equivalents June 30, 2022 December 31, 2021 (in $ millions) $ $ Short-term deposits 654 594 Cash at banks and on hand 2,139 4,397 Cash and cash equivalents in the statement of financial position 2,793 4,991 Restricted cash (165 ) (153 ) Cash and cash equivalents in the statement of cash flows 2,628 4,838 i) Term deposits classification as cash equivalents or other investments Term deposits are presented as cash equivalents if they have a maturity of three months or less from the date of acquisition. Term deposits that exceed that maturity are classified as “Other investments”. A net amount of million has been placed in such term ii) Restricted cash The amount of cash and cash equivalents balances held by subsidiaries that operate in countries where legal restrictions apply when the balances are not available for general use by the parent or other subsidiaries. |
Capital and reserves
Capital and reserves | 6 Months Ended |
Jun. 30, 2022 | |
Text Block [Abstract] | |
Capital and reserves | 7 Capital and reserves The movement in GHL Ordinary Shares during the six months ended June 30, 2022 is as follows: (in thousands of shares) Class A Class B In issue at December 31, 2021 3,619,098 122,882 Restricted ordinary shares issued but not paid — (32,452 ) In issue at December 31 – fully paid 3,619,098 90,430 Issued for acquisition of non-controlling 77,170 — Issued in relation to business combination 8,194 — Restricted share units vested 15,444 112 Exercise of share options 1,185 7,356 Restricted ordinary shares vested — 10,817 Conversion of Class B ordinary shares to Class A ordinary shares 600 (600 ) In issue at June 30 – fully paid 3,721,691 108,115 During the six months ended June 30, 2022, by way of an exchange of shares, the Group acquired additional holdings in subsidiaries offering financial services, increasing ownership interest to 100% in those entities. $ million Carrying amount of non-controlling 256 GHL Class A ordinary shares issued as consideration for acquisition of non-controlling (417 ) Decrease in equity attributable to owners of the Company recognised in accumulated losses (161 ) |
Loans and Borrowings
Loans and Borrowings | 6 Months Ended |
Jun. 30, 2022 | |
Borrowings [abstract] | |
Loans and Borrowings | 8 Loans and borrowings June 30, 2022 December 31, 2021 (in $ millions) $ $ Non-current Bank loans 63 55 Term loan 1,800 1,875 Lease liabilities 152 101 2,015 2,031 Current Bank loans 84 83 Term loan 39 39 Lease liabilities 30 22 153 144 A significant portion of the bank loans are secured by the Group’s motor vehicles with a carrying amount of $234 million Terms and debt repayment schedule Terms and conditions of outstanding loans and borrowings (including lease liabilities) are as follows: Currency Nominal interest rate Year of Carrying % $ Bank loans SGD 1.5% to 2.16% 2022-2027 61 Bank loans SGD COF* + 1% to 1.1% 2022-2024 6 Bank loans MYR 1.98% to 4.54% 2022-2027 28 Bank loans IDR 9.9% to 11.5% 2022-2025 9 Bank loans IDR COF 1.75 2022-2025 10 Bank loans THB COF* + 7.0% 2022 33 Term loan USD 5.5% (based on contractual terms) 2026 1,839 Lease liabilities Multiple 3.45% to 10.25% 2022-2037 182 2,168 * cost of funds |
Share-based Payment Arrangement
Share-based Payment Arrangements | 6 Months Ended |
Jun. 30, 2022 | |
TextBlock [Abstract] | |
Share-based Payment Arrangements | 9 Share-based payment arrangements i) Description of the share-based payment arrangements As at June 30, 2022, the Company has in place an equity-settled share-based payment arrangement, the 2021 Equity Incentive Plan (the “2021 Plan”), under which Company may: 1. issue restricted share units/awards (‘RSUs’); or 2. grant options to purchase its ordinary shares (‘Share Options’); or 3. issued restricted ordinary shares to selected employees, officers, directors and consultants of the Group and non-employee The 2021 Plan was established in 2021 on consummation of the Reverse Recapitalization as a replacement for equity-settled share-based payment arrangements. The Share Options and RSUs granted generally vest 25% on each anniversary of the grant, over a four year-period. The maximum term of Share Options granted under the 2021 Plan does not exceed ten years from the date of grant. The Share Options and RSUs granted to employees do not have the rights of the ordinary shares until the Share Options and RSUs are vested, exercised and recorded into the register of shareholders of the Company. a) Outstanding RSUs The number of unvested RSUs granted were as follows: Number of unvested ‘000 As of January 1, 2022 64,646 Granted 96,766 Vested (15,693 ) Canceled and forfeited (8,089 ) As of June 30, 2022 137,630 As at June 30, 2022, certain RSUs were vested but had not been registered as ordinary shares. The weighted average fair value of RSUs granted during the six months ended June 30, 2022 was $3.21. The fair value of RSUs granted was determined based on the closing price of the shares on the grant date. b) Outstanding Share Options The number and weighted-average exercise prices of Share Options under the 2021 Plan were as follows: Number of Share ’000 Weighted average exercise price per share $ Weighted-average (in years) As of January 1, 2022 53,096 1.98 7.81 Granted and assumed 20,801 2.25 Exercised (12,201 ) 1.38 Canceled and forfeited (3,101 ) 2.23 As of June 30, 2022 58,595 2.18 7.96 Exercisable As of January 1, 2022 18,010 1.76 As of June 30, 2022 19,775 1.85 The Share Options outstanding as at June 30, 2022 had an exercise price in the range of $0.28 to $4.03 (31 December 2021: $0.28 to $4.03). As at June 30, 2022, certain Share Options were exercised but have not been registered as ordinary shares. There has been no incremental fair value for the share options granted and assumed in connection with the acquisition of non-controlling |
Revenue
Revenue | 6 Months Ended |
Jun. 30, 2022 | |
Text Block [Abstract] | |
Revenue | 10 Revenue i) Revenue streams For six months ended June 30 2022 2021 (in $ millions) $ $ Deliveries 224 98 Mobility 273 263 Financial services 24 14 Enterprise and new initiatives 28 21 549 396 Mobility revenue includes rental income from motor vehicle s of $61 |
Loss Per Share
Loss Per Share | 6 Months Ended |
Jun. 30, 2022 | |
Text Block [Abstract] | |
Loss Per Share | 11 Loss per share Loss per share for the six months ended June 30, 2021 reflects the exchange ratio to receive 1.3032888 GHL ordinary shares for each GHI share as part of the Reverse Recapitalization (see Note 1). The following table sets forth the computation of basic and diluted loss per share attributable to ordinary shareholders for the six months ended June 30, 2022 and (in $ millions, except share amounts which are reflected in thousands, and per share amounts): For six months ended 2022 2021 $ $ Loss for the year (1,007 ) (1,467 ) Add: Loss attributable to non-controlling 37 42 Loss for the year attributable to ordinary shareholders (970 ) (1,425 ) Basic and diluted weighted-average ordinary shares outstanding 3,793,892 236,264 Basic loss per share attributable to ordinary shareholders (0.26 ) (6.03 ) Diluted loss per share attributable to ordinary shareholders (0.26 ) (6.03 ) As the Group incurred net losses for the six months ended June 30, 2022 and 2021 basic loss per share was the same as diluted loss per share. The following potentially dilutive outstanding securities (reflected in thousands of GHL ordinary shares) were excluded from the computation of diluted loss per ordinary share either because their effects would have been antidilutive for the six months ended June 2022 and 2021, or are contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period: For six months ended 2022 2021 Convertible redeemable preference shares — 2,927,121 Warrants 26,000 — Restricted ordinary shares (Note 7) 21,635 32,452 Share options (Note 9) 58,596 54,841 RSUs (Note 9) 137,630 67,588 Options to swap the shares in GHL subsidiaries for GHL Class A Ordinary Shares 77,040 34,893 Total 320,901 3,116,895 |
Related Parties
Related Parties | 6 Months Ended |
Jun. 30, 2022 | |
Text Block [Abstract] | |
Related Parties | 12 Related parties i) Compensation of Key Management Personnel (“KMP”) The Group Chief Operating Officer, appointed with effect from January 4, 2022, is considered a part of KMP. There were no significant changes to the compensation scheme in H1 2022. ii) Other related party transactions The Group did not enter into other significant related party transactions in H1 2022. |
Financial Instruments
Financial Instruments | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure of detailed information about financial instruments [abstract] | |
Financial Instruments | 13 Financial instruments i) Accounting classification and fair values The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value. Carrying amount Fair value Note Fair value Amortized Total Level 1 Level 2 Level 3 Total $ $ $ $ $ $ $ (in $ millions) June 30, 2022 Financial assets Debt investments 774 — 774 766 8 — 774 Equity investments 492 — 492 307 — 185 492 Time deposits — 4,082 4,082 — — — — Trade and other receivables — 303 303 — — — — Other assets — 186 186 — — — — Cash and cash equivalents 6 — 2,793 2,793 — — — — Total 1,266 7,364 8,630 1,073 8 185 1,266 Financial liabilities Term loan — (1,839 ) (1,839 ) — — — — Warrant liabilities (11 ) — (11 ) (11 ) — — (11 ) Bank loans — (147 ) (147 ) — — — — Trade payables and other liabilities (100 ) (721 ) (821 ) — — (100 ) (100 ) Total (111 ) (2,707 ) (2,818 ) (11 ) — (100 ) (111 ) ii) Measurement of fair values a) Valuation techniques and significant unobservable inputs The following tables show the valuation techniques used in measuring Level 2 and Level 3 fair values for financial instruments in the statement of financial position, as well as the significant unobservable inputs used. The movement in fair value arising from reasonably possible changes to the significant unobservable inputs was assessed as not significant. Valuation technique Significant unobservable inputs Inter-relationship between significant Assets Debt investments Quoted broker prices Not applicable Not applicable Equity investment Market comparison technique Adjusted market multiple The estimated fair value would increase (decrease) if the adjusted market multiple were higher (lower). Liabilities Put liability (see Note 15) Income approach Probability attributed to achieving certain milestones The estimated fair value of the put liability would increase (decrease) if the probability attributed to achieving certain milestones were higher (lower). b) Level 3 fair values The following table shows balances Equity Other Total $ $ $ (in $ millions) At January 1, 2021 143 — 143 Net change in fair value (unrealized) 21 — 21 At June 30, 2021 164 — 164 At January 1, 2022 161 (42 ) 119 Put liability arising from business combination — (91 ) (91 ) Net change in fair value (unrealized) (6 ) — (6 ) Net purchases/ (issuances) 30 — 30 Transfer between Level 3 and Level 1 — 33 33 At June 30, 2022 185 (100 ) 85 Transfer between Level 3 and 1 The warrants which were in the process of registration for resale as at December 31, 2021 has since been registered for resale and hence transferred from Level 3 to Level 1 due to the availability of quoted prices. |
Operating Segments
Operating Segments | 6 Months Ended |
Jun. 30, 2022 | |
Text Block [Abstract] | |
Operating Segments | 14 Operating segments i) Basis for segmentation The Group has the following strategic divisions which are its operating and also reportable segments. These segments offer different products and services, and are generally managed separately from a commercial, technological, marketing, operational and regulatory perspective. The Group’s chief executive officer (the Chief Operating Decision Maker or CODM) reviews the Reportable segments Operations Deliveries Connecting driver-partner and merchant-partner with consumers to create a localized logistics platform, facilitating and performing on-demand ready-to-eat point-to-point Mobility Connecting consumers with rides provided by driver-partners across a wide variety of multi-modal mobility options including private cars, taxis, motorcycles (in certain countries), and shared mobility options, such as carpooling. It also includes vehicle rental to enable driver-partners to be able to offer services through the platform. Financial services Digital solutions offered by and with business partners to address the financial needs of driver and merchant partners and consumers, including digital payments, lending, receivables factoring, insurance distribution and wealth management in selected markets. Enterprise and new initiatives Enterprise offerings including advertising and marketing offerings, and anti-fraud offerings. It also includes other lifestyle services offered by our business partners to consumers including domestic and home services, flights, hotel bookings and subscriptions in certain markets. ii) Information about reportable segments The CODM evaluates operating segments based on revenue and Segment Adjusted EBITDA. Segment reporting revenue is disclosed in Note 10. Total revenue for reportable segments equals consolidated revenue for the Group. Segment adjusted EBITDA is defined as net loss of each operating segment adjusted to exclude: (i) net interest income (expenses), (ii) other income (expenses), (iii) income tax expenses (credit), (iv) depreciation and amortization, (v) stock-based compensation expenses, (vi) costs related to mergers and acquisitions, (vii) unrealized foreign exchange gain (loss), (viii) impairment loss on goodwill and non-financial Information about each reportable segment and reconciliation to amounts reported in consolidated financial statements is set out below: For six months ended June 30 2022 2021 (in $ millions) $ $ Segment Adjusted EBITDA Deliveries (90 ) (24 ) Mobility 207 205 Financial services (217 ) (163 ) Enterprise and new initiatives 6 3 Total reportable Segment Adjusted EBITDA (94 ) 21 Regional corporate costs (426 ) (346 ) Net interest expenses (45 ) (864 ) Other income 3 10 Income tax expenses (3 ) (3 ) Depreciation and amortization (72 ) (170 ) Stock-based compensation expenses (231 ) (140 ) Unrealized foreign exchange gain 4 4 Impairment loss on goodwill and non-financial (3 ) (1 ) Fair value changes on investments (133 ) 47 Restructuring costs (1 ) * Legal, tax and regulatory settlement provisions (6 ) (25 ) Consolidated profit or loss after tax (1,007 ) (1,467 ) Assets and liabilities are predominantly reviewed by the CODM regionally and not at a segment level. Within the Group’s non-current non-current |
Business Combinations
Business Combinations | 6 Months Ended |
Jun. 30, 2022 | |
Text Block [Abstract] | |
Business Combinations | 15 Business combinations On January interest in Jaya Grocer Holdings Sdn. Bhd. (“Jaya Grocer”), an operator of stores offering daily necessities in Malaysia predominantly in the Klang Valley near Kuala Lumpur. Included in the identifiable assets and liabilities acquired at the date of acquisition of Jaya Grocer are inputs (a patented trademark, warehouses, outlets and inventories), processes and organized workforce. The Group has determined that together the acquired inputs and processes significantly contribute to the ability to create revenue. The Group has therefore concluded that the acquired entity is a business. The acquisition of Jaya Grocer will enable the Group to grow the market for online grocery services in Malaysia. The acquisition enables Grab to bring more Jaya Grocer retail stores onto its marketplace, while also leveraging Jaya Grocer’s large supplier network to further expand its groceries product line at lower costs. For the six months ended June 30, 2022, Jaya Grocer contributed revenue of $150 million and profit after tax of $6 million to the Group’s results. If the acquisition had occurred on January 1, 2022, management estimates that consolidated revenue would have been $582 million and consolidated loss would have been $1,006 million. i) Purchase consideration The following table summarizes the acquisition date fair value of each major class of consideration: (in $ millions) $ Cash 181 Equity instruments (8,173,375 ordinary shares) measured based on the listed share price of the Company at January 31, 2022 of $5.66 per share 46 227 ii) Acquisition related costs The Group incurred acquisition-related costs of $1.3 million on legal fees and due diligence costs. These costs have been included in ‘general and administrative expenses’. iii) Identifiable assets acquired and liabilities assumed The following table summarizes the recognised amounts of assets acquired and liabilities assumed at the date of acquisition. (in $ millions) $ Property, plant and equipment 32 Right-of-use 35 Intangible assets 69 Merchandise inventories 50 Trade and other receivables 10 Cash and cash equivalents 16 Loans and borrowings (18 ) Lease liabilities (37 ) Deferred tax liabilities (21 ) Trade payables and other liabilities (51 ) Identifiable net assets acquired 85 Less: Non-controlling (21 ) Goodwill on acquisition (described below) 163 Purchase consideration 227 The goodwill is attributable mainly to the cost and revenue synergies expected to be achieved from integrating Jaya’s operations, supplier network and assets into the Group’s future business expansion. None of the goodwill recognised is expected to be deductible for tax purposes. The Group has written an option granting the non-controlling The valuation techniques used for measuring the fair value of material assets acquired were as follows. Assets acquired Valuation technique Property, plant and equipment Market comparison technique and cost technique: The valuation model considers market prices for similar items when they are available, and depreciated replacement cost when appropriate. Intangible assets (Trademark) Relief-from-royalty method: The relief-from-royalty method considers the discounted estimated royalty payments that are expected to be avoided as a result of the patents being owned. Inventories Market comparison technique: The fair value is determined based on the estimated selling price in the ordinary course of business less the estimated costs of completion and sale, and a reasonable profit margin based on the effort required to complete and sell the inventories. The fair value of these assets has been measured provisionally, pending completion of an independent valuation. If new information obtained within one year of the date of acquisition about facts and circumstances that existed at the date of acquisition identifies adjustments to the above amounts, or any additional provisions that existed at the date of acquisition, then the accounting for the acquisition will be revised. |
Subsequent Events
Subsequent Events | 6 Months Ended |
Jun. 30, 2022 | |
Text Block [Abstract] | |
Subsequent Events | 16 Subsequent events In July 2022, the Group increased its equity interest to 33.6% in a digital banking entity in Indonesia, upon approval by the Indonesian financial services authority. |
Cash and Cash Equivalents (Tabl
Cash and Cash Equivalents (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Text Block [Abstract] | |
Summary of Cash And Cash Equivalents | June 30, 2022 December 31, 2021 (in $ millions) $ $ Short-term deposits 654 594 Cash at banks and on hand 2,139 4,397 Cash and cash equivalents in the statement of financial position 2,793 4,991 Restricted cash (165 ) (153 ) Cash and cash equivalents in the statement of cash flows 2,628 4,838 |
Capital and reserves (Tables)
Capital and reserves (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Text Block [Abstract] | |
Summary Of Movements In GHL Ordinary Shares | The movement in GHL Ordinary Shares during the six months ended June 30, 2022 is as follows: (in thousands of shares) Class A Class B In issue at December 31, 2021 3,619,098 122,882 Restricted ordinary shares issued but not paid — (32,452 ) In issue at December 31 – fully paid 3,619,098 90,430 Issued for acquisition of non-controlling 77,170 — Issued in relation to business combination 8,194 — Restricted share units vested 15,444 112 Exercise of share options 1,185 7,356 Restricted ordinary shares vested — 10,817 Conversion of Class B ordinary shares to Class A ordinary shares 600 (600 ) In issue at June 30 – fully paid 3,721,691 108,115 |
Summary of Non-Controlling Interests | $ million Carrying amount of non-controlling 256 GHL Class A ordinary shares issued as consideration for acquisition of non-controlling (417 ) Decrease in equity attributable to owners of the Company recognised in accumulated losses (161 ) |
Loans and Borrowings (Tables)
Loans and Borrowings (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Borrowings [abstract] | |
Summary of Loans and Borrowings | June 30, 2022 December 31, 2021 (in $ millions) $ $ Non-current Bank loans 63 55 Term loan 1,800 1,875 Lease liabilities 152 101 2,015 2,031 Current Bank loans 84 83 Term loan 39 39 Lease liabilities 30 22 153 144 |
Summary of terms and conditions of outstanding loans and borrowings | Terms and conditions of outstanding loans and borrowings (including lease liabilities) are as follows: Currency Nominal interest rate Year of Carrying % $ Bank loans SGD 1.5% to 2.16% 2022-2027 61 Bank loans SGD COF* + 1% to 1.1% 2022-2024 6 Bank loans MYR 1.98% to 4.54% 2022-2027 28 Bank loans IDR 9.9% to 11.5% 2022-2025 9 Bank loans IDR COF 1.75 2022-2025 10 Bank loans THB COF* + 7.0% 2022 33 Term loan USD 5.5% (based on contractual terms) 2026 1,839 Lease liabilities Multiple 3.45% to 10.25% 2022-2037 182 2,168 * cost of funds |
Share-based Payment Arrangeme_2
Share-based Payment Arrangements (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
TextBlock [Abstract] | |
Summary of Outstanding Share Options | The number and weighted-average exercise prices of Share Options under the 2021 Plan were as follows: Number of Share ’000 Weighted average exercise price per share $ Weighted-average (in years) As of January 1, 2022 53,096 1.98 7.81 Granted and assumed 20,801 2.25 Exercised (12,201 ) 1.38 Canceled and forfeited (3,101 ) 2.23 As of June 30, 2022 58,595 2.18 7.96 Exercisable As of January 1, 2022 18,010 1.76 As of June 30, 2022 19,775 1.85 |
Summary of Outstanding RSUs | The number of unvested RSUs granted were as follows: Number of unvested ‘000 As of January 1, 2022 64,646 Granted 96,766 Vested (15,693 ) Canceled and forfeited (8,089 ) As of June 30, 2022 137,630 |
Revenue (Tables)
Revenue (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Text Block [Abstract] | |
Summary of Revenue from Contracts with Customers | i) Revenue streams For six months ended June 30 2022 2021 (in $ millions) $ $ Deliveries 224 98 Mobility 273 263 Financial services 24 14 Enterprise and new initiatives 28 21 549 396 |
Loss Per Share (Tables)
Loss Per Share (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Text Block [Abstract] | |
Summary of Earnings Per Share | The following table sets forth the computation of basic and diluted loss per share attributable to ordinary shareholders for the six months ended June 30, 2022 and (in $ millions, except share amounts which are reflected in thousands, and per share amounts): For six months ended 2022 2021 $ $ Loss for the year (1,007 ) (1,467 ) Add: Loss attributable to non-controlling 37 42 Loss for the year attributable to ordinary shareholders (970 ) (1,425 ) Basic and diluted weighted-average ordinary shares outstanding 3,793,892 236,264 Basic loss per share attributable to ordinary shareholders (0.26 ) (6.03 ) Diluted loss per share attributable to ordinary shareholders (0.26 ) (6.03 ) |
Summary of Antidilutive Securities Excluded from Computation of Earnings Per Share | The following potentially dilutive outstanding securities (reflected in thousands of GHL ordinary shares) were excluded from the computation of diluted loss per ordinary share either because their effects would have been antidilutive for the six months ended June 2022 and 2021, or are contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period: For six months ended 2022 2021 Convertible redeemable preference shares — 2,927,121 Warrants 26,000 — Restricted ordinary shares (Note 7) 21,635 32,452 Share options (Note 9) 58,596 54,841 RSUs (Note 9) 137,630 67,588 Options to swap the shares in GHL subsidiaries for GHL Class A Ordinary Shares 77,040 34,893 Total 320,901 3,116,895 |
Financial Instruments (Tables)
Financial Instruments (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure of detailed information about financial instruments [line items] | |
Summary of Accounting Classification and Fair Values | The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value. Carrying amount Fair value Note Fair value Amortized Total Level 1 Level 2 Level 3 Total $ $ $ $ $ $ $ (in $ millions) June 30, 2022 Financial assets Debt investments 774 — 774 766 8 — 774 Equity investments 492 — 492 307 — 185 492 Time deposits — 4,082 4,082 — — — — Trade and other receivables — 303 303 — — — — Other assets — 186 186 — — — — Cash and cash equivalents 6 — 2,793 2,793 — — — — Total 1,266 7,364 8,630 1,073 8 185 1,266 Financial liabilities Term loan — (1,839 ) (1,839 ) — — — — Warrant liabilities (11 ) — (11 ) (11 ) — — (11 ) Bank loans — (147 ) (147 ) — — — — Trade payables and other liabilities (100 ) (721 ) (821 ) — — (100 ) (100 ) Total (111 ) (2,707 ) (2,818 ) (11 ) — (100 ) (111 ) |
Summary of Reconciliation from the Opening Balances to the Ending Balances | The following table shows balances Equity Other Total $ $ $ (in $ millions) At January 1, 2021 143 — 143 Net change in fair value (unrealized) 21 — 21 At June 30, 2021 164 — 164 At January 1, 2022 161 (42 ) 119 Put liability arising from business combination — (91 ) (91 ) Net change in fair value (unrealized) (6 ) — (6 ) Net purchases/ (issuances) 30 — 30 Transfer between Level 3 and Level 1 — 33 33 At June 30, 2022 185 (100 ) 85 |
Operating Segments (Tables)
Operating Segments (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Text Block [Abstract] | |
Summary of Information about Each Reportable Segment and Reconciliation | Information about each reportable segment and reconciliation to amounts reported in consolidated financial statements is set out below: For six months ended June 30 2022 2021 (in $ millions) $ $ Segment Adjusted EBITDA Deliveries (90 ) (24 ) Mobility 207 205 Financial services (217 ) (163 ) Enterprise and new initiatives 6 3 Total reportable Segment Adjusted EBITDA (94 ) 21 Regional corporate costs (426 ) (346 ) Net interest expenses (45 ) (864 ) Other income 3 10 Income tax expenses (3 ) (3 ) Depreciation and amortization (72 ) (170 ) Stock-based compensation expenses (231 ) (140 ) Unrealized foreign exchange gain 4 4 Impairment loss on goodwill and non-financial (3 ) (1 ) Fair value changes on investments (133 ) 47 Restructuring costs (1 ) * Legal, tax and regulatory settlement provisions (6 ) (25 ) Consolidated profit or loss after tax (1,007 ) (1,467 ) |
Business Combinations (Tables)
Business Combinations (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Text Block [Abstract] | |
Summary Of Acquisition Date Fair Value Of Consideration Transferred | The following table summarizes the acquisition date fair value of each major class of consideration: (in $ millions) $ Cash 181 Equity instruments (8,173,375 ordinary shares) measured based on the listed share price of the Company at January 31, 2022 of $5.66 per share 46 227 |
Summary Of Identifiable Assets Aquired And Liabilities Assumed At The Date Of Acquisition | The following table summarizes the recognised amounts of assets acquired and liabilities assumed at the date of acquisition. (in $ millions) $ Property, plant and equipment 32 Right-of-use 35 Intangible assets 69 Merchandise inventories 50 Trade and other receivables 10 Cash and cash equivalents 16 Loans and borrowings (18 ) Lease liabilities (37 ) Deferred tax liabilities (21 ) Trade payables and other liabilities (51 ) Identifiable net assets acquired 85 Less: Non-controlling (21 ) Goodwill on acquisition (described below) 163 Purchase consideration 227 |
Summary Of Valuation Techniques Used For Measuring The Fair Value Of Assets Required | The valuation techniques used for measuring the fair value of material assets acquired were as follows. Assets acquired Valuation technique Property, plant and equipment Market comparison technique and cost technique: The valuation model considers market prices for similar items when they are available, and depreciated replacement cost when appropriate. Intangible assets (Trademark) Relief-from-royalty method: The relief-from-royalty method considers the discounted estimated royalty payments that are expected to be avoided as a result of the patents being owned. Inventories Market comparison technique: The fair value is determined based on the estimated selling price in the ordinary course of business less the estimated costs of completion and sale, and a reasonable profit margin based on the effort required to complete and sell the inventories. |
Going concern - Additional Info
Going concern - Additional Information (Detail) - USD ($) $ in Millions | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Text Block [Abstract] | ||||
Equity | $ 7,166 | $ (7,049) | $ 8,019 | $ (6,294) |
Net loss after tax | 1,007 | $ 1,467 | ||
Deposits with banks and financial institutions | $ 6,710 |
Property, Plant and Equipment -
Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Cash payment on acquisition of property, plant and equipment | $ 20 | $ 20 |
Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Disposals and derecognition of property and equipment | 10 | 17 |
Motor Vehicles Held For Leasing [Member] | Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property plant and equipment acquired | 27 | 9 |
Cash payment on acquisition of property, plant and equipment | 5 | 3 |
Lease liabilities | 17 | 0 |
Secured Bank Loan Financing [Member] | Motor Vehicles Held For Leasing [Member] | Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Purchase of property plant and equipment through secured bank loan financing | 5 | 6 |
Leased Properties And Motor Vehicles [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Right of use assets | 66 | $ 6 |
Acquisitions through business combinations, property, plant and equipment | $ 34 |
Intangible assets and goodwill
Intangible assets and goodwill - Additional Information (Detail) $ in Millions | 6 Months Ended |
Jun. 30, 2022 USD ($) | |
Trademark [member] | |
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | |
Acquisitions through business combinations, intangible assets and goodwill | $ 69 |
Useful life measured as period of time, intangible assets other than goodwill | 13 years |
Goodwill [member] | |
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | |
Acquisitions through business combinations, intangible assets and goodwill | $ 164 |
Cash and Cash Equivalents - Add
Cash and Cash Equivalents - Additional Information (Detail) $ in Millions | 6 Months Ended |
Jun. 30, 2022 USD ($) | |
Text Block [Abstract] | |
Maturity term of term deposits | 3 months |
Short term deposits classified as other investments during period | $ 888 |
Cash and Cash Equivalents - Sum
Cash and Cash Equivalents - Summary Of Cash And Cash Equivalents (Detail) - USD ($) $ in Millions | Jun. 30, 2022 | Dec. 31, 2021 | Jun. 30, 2021 | Dec. 31, 2020 |
Statement [Line Items] | ||||
Short-term deposits | $ 654 | $ 594 | ||
Cash at banks and on hand | 2,139 | 4,397 | ||
Cash and cash equivalents in the statement of financial position | 2,793 | 4,991 | ||
Restricted cash | (165) | (153) | ||
Cash and cash equivalents in the statement of cash flows | $ 2,628 | $ 4,838 | $ 3,296 | $ 2,004 |
Capital and reserves - Summary
Capital and reserves - Summary Of Movements In GHL (Detail) shares in Thousands | 6 Months Ended |
Jun. 30, 2022 shares | |
Class A Ordinary Shares | |
Disclosure of classes of share capital [line items] | |
In issue at December 31 | 3,619,098 |
Restricted ordinary shares issued but not paid | 0 |
In issue - fully paid, beginning balance | 3,619,098 |
Issued for acquisition of non-controlling interests (described below) | 77,170 |
Issued in relation to business combination | 8,194 |
Restricted share units vested | 15,444 |
Exercise of share options | 1,185 |
Restricted ordinary shares vested | 0 |
Conversion of Class B ordinary shares to Class A ordinary shares | 600 |
In issue at June 30 – fully paid | 3,721,691 |
Class B Ordinary Shares | |
Disclosure of classes of share capital [line items] | |
In issue at December 31 | 122,882 |
Restricted ordinary shares issued but not paid | (32,452) |
In issue - fully paid, beginning balance | 90,430 |
Issued for acquisition of non-controlling interests (described below) | 0 |
Issued in relation to business combination | 0 |
Restricted share units vested | 112 |
Exercise of share options | 7,356 |
Restricted ordinary shares vested | 10,817 |
Conversion of Class B ordinary shares to Class A ordinary shares | (600) |
In issue at June 30 – fully paid | 108,115 |
Capital and reserves - Summar_2
Capital and reserves - Summary of Detailed Information About Non Controlling Interests (Detail) $ in Millions | 6 Months Ended |
Jun. 30, 2022 USD ($) | |
Text Block [Abstract] | |
Carrying amount of non-controlling interests acquired | $ 256 |
GHL Class A ordinary shares issued as consideration for acquisition of non-controlling interests | (417) |
Decrease in equity attributable to owners of the Company recognised in accumulated losses | $ (161) |
Capital and reserves - Addition
Capital and reserves - Additional Information (Detail) | Jun. 30, 2022 |
Disclosure of reserves within equity [line items] | |
Percentage of voting interests acquired | 100% |
Loans and Borrowings - Addition
Loans and Borrowings - Additional Information (Detail) - USD ($) $ in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Disclosure Of Detailed Information Of Loans And Borrowings [Line Items] | ||
Property, plant and equipment | $ 494 | $ 441 |
Motor Vehicles Held For Leasing [Member] | ||
Disclosure Of Detailed Information Of Loans And Borrowings [Line Items] | ||
Property, plant and equipment | $ 234 | $ 247 |
Loans and Borrowings - Summary
Loans and Borrowings - Summary of Terms and Conditions of Outstanding Loans and Borrowings (Detail) $ in Millions | 6 Months Ended |
Jun. 30, 2022 USD ($) | |
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items] | |
Loans and Borrowings | $ 2,168 |
Bank loan 1 | SGD | |
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items] | |
Currency | SGD |
Bank loans | $ 61 |
Bank loan 1 | SGD | Bottom of range | |
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items] | |
Nominal interest rate | 1.50% |
Year of maturity | 2022 |
Bank loan 1 | SGD | Top of range | |
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items] | |
Nominal interest rate | 2.16% |
Year of maturity | 2027 |
Bank loan 2 | SGD | |
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items] | |
Currency | SGD |
Nominal interest rate basis | COF |
Bank loans | $ 6 |
Bank loan 2 | SGD | Bottom of range | |
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items] | |
Nominal interest rate | 1% |
Year of maturity | 2022 |
Bank loan 2 | SGD | Top of range | |
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items] | |
Nominal interest rate | 1.10% |
Year of maturity | 2024 |
Bank loan 3 | MYR | |
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items] | |
Currency | MYR |
Bank loans | $ 28 |
Bank loan 3 | MYR | Bottom of range | |
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items] | |
Nominal interest rate | 1.98% |
Year of maturity | 2022 |
Bank loan 3 | MYR | Top of range | |
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items] | |
Nominal interest rate | 4.54% |
Year of maturity | 2027 |
Bank loan 4 | IDR | |
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items] | |
Currency | IDR |
Bank loans | $ 9 |
Bank loan 4 | IDR | Bottom of range | |
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items] | |
Nominal interest rate | 9.90% |
Year of maturity | 2022 |
Bank loan 4 | IDR | Top of range | |
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items] | |
Nominal interest rate | 11.50% |
Year of maturity | 2025 |
Bank loan 5 | IDR | |
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items] | |
Currency | IDR |
Nominal interest rate basis | COF |
Bank loans | $ 10 |
Bank loan 5 | IDR | Bottom of range | |
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items] | |
Nominal interest rate | 1.75% |
Year of maturity | 2022 |
Bank loan 5 | IDR | Top of range | |
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items] | |
Nominal interest rate | 2% |
Year of maturity | 2025 |
Bank loan 6 | THB | |
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items] | |
Currency | THB |
Nominal interest rate | 7% |
Nominal interest rate basis | COF |
Year of maturity | 2022 |
Bank loans | $ 33 |
Term loans | USD | |
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items] | |
Currency | USD |
Nominal interest rate | 5.50% |
Year of maturity | 2026 |
Term loan | $ 1,839 |
Lease liabilities | Multiple | |
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items] | |
Currency | Multiple |
Lease liabilities | $ 182 |
Lease liabilities | Multiple | Bottom of range | |
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items] | |
Nominal interest rate | 3.45% |
Year of maturity | 2022 |
Lease liabilities | Multiple | Top of range | |
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items] | |
Nominal interest rate | 10.25% |
Year of maturity | 2037 |
Loans and Borrowings - Summar_2
Loans and Borrowings - Summary of Loans and Borrowings (Detail) - USD ($) $ in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Non-current | ||
Bank loans | $ 63 | $ 55 |
Term loan | 1,800 | 1,875 |
Lease liabilities | 152 | 101 |
Non-current borrowings | 2,015 | 2,031 |
Current | ||
Bank loans | 84 | 83 |
Term loan | 39 | 39 |
Lease liabilities | 30 | 22 |
Current borrowings | $ 153 | $ 144 |
Share-Based Payment Arrangeme_3
Share-Based Payment Arrangements - Additional Information (Detail) - $ / shares | 6 Months Ended | |
Jun. 30, 2022 | Dec. 31, 2021 | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Rights Percentage | 25% | |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period | 4 years | |
2021 Plan [Member] | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period | 10 years | |
Restricted Stock Units (RSUs) [Member] | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Weighted average share price of options granted , fair value | $ 3.21 | |
Bottom of range [member] | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Exercise price of outstanding share options | 0.28 | $ 0.28 |
Top of range [member] | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Exercise price of outstanding share options | $ 4.03 | $ 4.03 |
Share-Based Payment Arrangeme_4
Share-Based Payment Arrangements - Summary of Outstanding Share Options (Detail) - Share options [member] - 2021 Plan [member] shares in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 shares $ / shares | Dec. 31, 2021 shares $ / shares | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Beginning balance - Number of Share Options | shares | 53,096 | |
Granted - Number of Share Options | shares | 20,801 | |
Exercised - Number of Share Options | shares | (12,201) | |
Cancelled and forfeited - Number of Share Options | shares | (3,101) | |
Ending balance - Number of Share Options | shares | 58,595 | 53,096 |
Beginning balance - Weighted average exercise price per share | $ / shares | $ 1.98 | |
Granted - Weighted average exercise price per share | $ / shares | 2.25 | |
Exercised - Weighted average exercise price per share | $ / shares | 1.38 | |
Cancelled and forfeited - Weighted average exercise price per share | $ / shares | 2.23 | |
Ending balance - Weighted average exercise price per share | $ / shares | $ 2.18 | $ 1.98 |
Exercisable - Number of Share Options | shares | 19,775 | 18,010 |
Exercisable - Weighted average exercise price per share | $ / shares | $ 1.85 | $ 1.76 |
Weighted-average remaining contractual life | 7 years 11 months 15 days | 7 years 9 months 21 days |
Share-Based Payment Arrangeme_5
Share-Based Payment Arrangements - Summary of Outstanding RSUs (Detail) - Restricted Share Units [Member] shares in Thousands | 6 Months Ended |
Jun. 30, 2022 shares | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Beginning balance - Number of unvested restricted share units | 64,646 |
Granted - Number of unvested restricted share units | 96,766 |
Vested - Number of unvested restricted share units | (15,693) |
Canceled and forfeited - Number of unvested restricted share units | (8,089) |
Ending balance - Number of unvested restricted share units | 137,630 |
Revenue - Summary of Revenue fr
Revenue - Summary of Revenue from Contracts with Customers (Detail) - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Revenue | $ 549 | $ 396 |
Deliveries [Member] | ||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Revenue | 224 | 98 |
Mobility [Member] | ||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Revenue | 273 | 263 |
Financial Services [Member] | ||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Revenue | 24 | 14 |
Enterprise and new initiatives [Member] | ||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Revenue | $ 28 | $ 21 |
Revenue - Additional Informatio
Revenue - Additional Information (Detail) - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Rental income from motor vehicles | $ 61 | $ 50 |
Loss Per Share - Additional Inf
Loss Per Share - Additional Information (Detail) | 6 Months Ended |
Jun. 30, 2021 | |
Reverse Recapitalization [Member] | GHL [Member] | GHI Share [Member] | |
Exchange Ratio [Line Items] | |
Conversion Ratio Common Stock | 1.3032888 |
Loss Per Share - Summary of Ear
Loss Per Share - Summary of Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Millions | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Statement [Line Items] | ||
Loss for the year | $ (1,007) | $ (1,467) |
Add: Loss attributable to non-controlling interests | 37 | 42 |
Loss for the year attributable to ordinary shareholders | $ (970) | $ (1,425) |
Basic weighted-average ordinary shares outstanding | 3,793,892 | 236,264 |
Diluted weighted-average ordinary shares outstanding | 3,793,892 | 236,264 |
Basic loss per share attributable to ordinary shareholders | $ (0.26) | $ (6.03) |
Diluted loss per share attributable to ordinary shareholders | $ (0.26) | $ (6.03) |
Loss per share - Summary of Ant
Loss per share - Summary of Antidilutive Securities Excluded from Computation of Earnings Per Share (Detail) - shares shares in Thousands | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Total | 320,901 | 3,116,895 |
Convertible Redeemable Preference Shares [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Total | 0 | 2,927,121 |
Warrant [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Total | 26,000 | 0 |
Restricted Stock [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Total | 21,635 | 32,452 |
Share options [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Total | 58,596 | 54,841 |
Restricted Stock Units [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Total | 137,630 | 67,588 |
Options To Swap the Shares In GHL Subsidiaries for GHL Class A Ordinary Shares [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Total | 77,040 | 34,893 |
Financial Instruments - Summary
Financial Instruments - Summary of Accounting Classification and Fair Values (Detail) - USD ($) $ in Millions | Jun. 30, 2022 | Dec. 31, 2021 |
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair values | $ 1,266 | $ 1,303 |
Financial assets amortized cost | 7,364 | 8,596 |
Financial assets | 8,630 | 9,899 |
Financial assets measured at fair value | 1,266 | 1,303 |
Financial liabilities measured at fair value | (111) | (63) |
Financial liabilities at amortized cost | (2,707) | (2,823) |
Financial liabilities | (2,818) | (2,886) |
Financial liabilities measured at fair value | (111) | (63) |
Debt investments [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair values | 774 | 685 |
Financial assets amortized cost | 0 | 0 |
Financial assets | 774 | 685 |
Financial assets measured at fair value | 774 | 685 |
Equity investments [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair values | 492 | 618 |
Financial assets amortized cost | 0 | 0 |
Financial assets | 492 | 618 |
Financial assets measured at fair value | 492 | 618 |
Time deposits [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair values | 0 | 0 |
Financial assets amortized cost | 4,082 | 3,178 |
Financial assets | 4,082 | 3,178 |
Financial assets measured at fair value | 0 | 0 |
Trade and other receivables [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair values | 0 | 0 |
Financial assets amortized cost | 303 | 255 |
Financial assets | 303 | 255 |
Financial assets measured at fair value | 0 | 0 |
Other assets [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair values | 0 | 0 |
Financial assets amortized cost | 186 | 172 |
Financial assets | 186 | 172 |
Financial assets measured at fair value | 0 | 0 |
Cash and cash equivalents [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair values | 0 | 0 |
Financial assets amortized cost | 2,793 | 4,991 |
Financial assets | 2,793 | 4,991 |
Financial assets measured at fair value | 0 | 0 |
Term Loan [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial liabilities measured at fair value | 0 | 0 |
Financial liabilities at amortized cost | (1,839) | (1,914) |
Financial liabilities | (1,839) | (1,914) |
Financial liabilities measured at fair value | 0 | 0 |
Warrant liabilities [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial liabilities measured at fair value | (11) | (54) |
Financial liabilities at amortized cost | 0 | 0 |
Financial liabilities | (11) | (54) |
Financial liabilities measured at fair value | (11) | (54) |
Bank loans [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial liabilities measured at fair value | 0 | 0 |
Financial liabilities at amortized cost | (147) | (138) |
Financial liabilities | (147) | (138) |
Financial liabilities measured at fair value | 0 | 0 |
Trade and other payables [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial liabilities measured at fair value | (100) | (9) |
Financial liabilities at amortized cost | (721) | (771) |
Financial liabilities | (821) | (780) |
Financial liabilities measured at fair value | (100) | (9) |
Level 1 of fair value hierarchy [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair value | 1,073 | 1,051 |
Financial liabilities measured at fair value | (11) | (21) |
Level 1 of fair value hierarchy [member] | Debt investments [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair value | 766 | 594 |
Level 1 of fair value hierarchy [member] | Equity investments [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair value | 307 | 457 |
Level 1 of fair value hierarchy [member] | Time deposits [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair value | 0 | 0 |
Level 1 of fair value hierarchy [member] | Trade and other receivables [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair value | 0 | 0 |
Level 1 of fair value hierarchy [member] | Other assets [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair value | 0 | 0 |
Level 1 of fair value hierarchy [member] | Cash and cash equivalents [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair value | 0 | 0 |
Level 1 of fair value hierarchy [member] | Term Loan [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial liabilities measured at fair value | 0 | 0 |
Level 1 of fair value hierarchy [member] | Warrant liabilities [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial liabilities measured at fair value | (11) | (21) |
Level 1 of fair value hierarchy [member] | Bank loans [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial liabilities measured at fair value | 0 | 0 |
Level 1 of fair value hierarchy [member] | Trade and other payables [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial liabilities measured at fair value | 0 | 0 |
Level 2 of fair value hierarchy [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair value | 8 | 91 |
Financial liabilities measured at fair value | 0 | 0 |
Level 2 of fair value hierarchy [member] | Debt investments [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair value | 8 | 91 |
Level 2 of fair value hierarchy [member] | Equity investments [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair value | 0 | 0 |
Level 2 of fair value hierarchy [member] | Time deposits [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair value | 0 | 0 |
Level 2 of fair value hierarchy [member] | Trade and other receivables [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair value | 0 | 0 |
Level 2 of fair value hierarchy [member] | Other assets [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair value | 0 | 0 |
Level 2 of fair value hierarchy [member] | Cash and cash equivalents [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair value | 0 | 0 |
Level 2 of fair value hierarchy [member] | Term Loan [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial liabilities measured at fair value | 0 | 0 |
Level 2 of fair value hierarchy [member] | Warrant liabilities [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial liabilities measured at fair value | 0 | 0 |
Level 2 of fair value hierarchy [member] | Bank loans [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial liabilities measured at fair value | 0 | 0 |
Level 2 of fair value hierarchy [member] | Trade and other payables [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial liabilities measured at fair value | 0 | 0 |
Level 3 of fair value hierarchy [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair value | 185 | 161 |
Financial liabilities measured at fair value | (100) | (42) |
Level 3 of fair value hierarchy [member] | Debt investments [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair value | 0 | 0 |
Level 3 of fair value hierarchy [member] | Equity investments [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair value | 185 | 161 |
Level 3 of fair value hierarchy [member] | Time deposits [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair value | 0 | 0 |
Level 3 of fair value hierarchy [member] | Trade and other receivables [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair value | 0 | 0 |
Level 3 of fair value hierarchy [member] | Other assets [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair value | 0 | 0 |
Level 3 of fair value hierarchy [member] | Cash and cash equivalents [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial assets measured at fair value | 0 | 0 |
Level 3 of fair value hierarchy [member] | Term Loan [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial liabilities measured at fair value | 0 | 0 |
Level 3 of fair value hierarchy [member] | Warrant liabilities [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial liabilities measured at fair value | 0 | (33) |
Level 3 of fair value hierarchy [member] | Bank loans [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial liabilities measured at fair value | 0 | 0 |
Level 3 of fair value hierarchy [member] | Trade and other payables [member] | ||
Disclosure Of Fair Value Of Financial Instruments [line items] | ||
Financial liabilities measured at fair value | $ (100) | $ (9) |
Financial Instruments - Summa_2
Financial Instruments - Summary of Reconciliation from the Opening Balances to the Ending Balances (Detail) - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Disclosure Of Reconciliation Of Fair Value Of Assets Using Significant Unobservable Input [Line Items] | ||
Beginning balance | $ 11,178 | |
Beginning balance | (3,159) | |
Ending balance | 10,354 | |
Ending balance | (3,188) | |
Level 3 of fair value hierarchy [member] | ||
Disclosure Of Reconciliation Of Fair Value Of Assets Using Significant Unobservable Input [Line Items] | ||
Beginning balance | 119 | $ 143 |
Net change in fair value (unrealized) | (6) | 21 |
Net purchases/ (issuances) | 30 | |
Put liability arising from business combination | (91) | |
Transfer between Level 3 and Level 1 | 33 | |
Ending balance | 85 | 164 |
Level 3 of fair value hierarchy [member] | Equity Instruments [member] | ||
Disclosure Of Reconciliation Of Fair Value Of Assets Using Significant Unobservable Input [Line Items] | ||
Beginning balance | 161 | 143 |
Net change in fair value (unrealized) | (6) | 21 |
Net purchases/ (issuances) | 30 | |
Ending balance | 185 | 164 |
Level 3 of fair value hierarchy [member] | Other Liabilities [Member] | ||
Disclosure Of Reconciliation Of Fair Value Of Assets Using Significant Unobservable Input [Line Items] | ||
Beginning balance | (42) | 0 |
Put liability arising from business combination | (91) | |
Transfer between Level 3 and Level 1 | 33 | |
Ending balance | $ (100) | $ 0 |
Operating Segments - Summary of
Operating Segments - Summary of Information about Each Reportable Segment and Reconciliation (Detail) - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Disclosure of operating segments [line items] | ||
Regional corporate costs | $ (426) | $ (346) |
Net interest income (expenses) | (45) | (864) |
Other income | 3 | 10 |
Income tax expenses | (3) | (3) |
Depreciation and amortization | (72) | (170) |
Stock-based compensation expenses | (231) | (140) |
Unrealized foreign exchange gain | 4 | 4 |
Impairment loss on goodwill and non-financial assets | (3) | (1) |
Fair value changes on investments | (133) | 47 |
Restructuring costs | (1) | |
Legal, tax and regulatory settlement provisions | (6) | (25) |
Consolidated profit or loss after tax | (1,007) | (1,467) |
Reportable segments [member] | ||
Disclosure of operating segments [line items] | ||
Total reportable Segment | (94) | 21 |
Reportable segments [member] | Deliveries [Member] | ||
Disclosure of operating segments [line items] | ||
Total reportable Segment | (90) | (24) |
Reportable segments [member] | Mobility [Member] | ||
Disclosure of operating segments [line items] | ||
Total reportable Segment | 207 | 205 |
Reportable segments [member] | Financial Services [Member] | ||
Disclosure of operating segments [line items] | ||
Total reportable Segment | (217) | (163) |
Reportable segments [member] | Enterprise and new initiatives [Member] | ||
Disclosure of operating segments [line items] | ||
Total reportable Segment | $ 6 | $ 3 |
Business Combinations - Summary
Business Combinations - Summary of Acquisition Date Fair Value of Consideration Transferred (Detail) - USD ($) $ in Millions | Jun. 30, 2022 | Jan. 31, 2022 |
Disclosure Of Detailed Information Of Acquisition Date Fair Value Of Total Consideration Transferred [Line Items] | ||
Cash | $ 256 | |
Jaya Grocer Holdings [Member] | ||
Disclosure Of Detailed Information Of Acquisition Date Fair Value Of Total Consideration Transferred [Line Items] | ||
Cash | $ 181 | |
Equity instruments (8,173,375 ordinary shares) measured based on the listed share price of the Company at January 31, 2022 of $5.66 per share | 46 | |
Purchase consideration | $ 227 |
Business Combinations - Summa_2
Business Combinations - Summary of Acquisition Date Fair Value of Consideration Transferred (Parenthetical) (Detail) - Jaya Grocer Holdings [Member] | Jan. 31, 2022 shares $ / shares |
Disclosure Of Detailed Information Of Acquisition Date Fair Value Of Total Consideration Transferred [Line Items] | |
Number of instruments or interests issued or issuable | shares | 8,173,375 |
Listed Share Price | $ / shares | $ 5.66 |
Business Combinations - Summa_3
Business Combinations - Summary of Identifiable Assets Aquired and Liabilities Assumed at the Date of Acquisition (Detail) - Jaya Grocer Holdings [Member] $ in Millions | Jan. 31, 2022 USD ($) |
Disclosure of detailed information about business combination [line items] | |
Property, plant and equipment | $ 32 |
Right-of-use assets | 35 |
Intangible assets | 69 |
Merchandise inventories | 50 |
Trade and other receivables | 10 |
Cash and cash equivalents | 16 |
Loans and borrowings | (18) |
Lease liabilities | (37) |
Deferred tax liabilities | (21) |
Trade payables and other liabilities | (51) |
Identifiable net assets acquired | 85 |
Less: Non-controlling interest proportionate share of identifiable net assets | (21) |
Goodwill on acquisition (described below) | 163 |
Purchase consideration | $ 227 |
Business Combinations - Summa_4
Business Combinations - Summary Of Valuation Techniques Used For Measuring The Fair Value Of Assets Required (Detail) - Jaya Grocer Holdings [Member] | 6 Months Ended |
Jun. 30, 2022 | |
Property, plant and equipment | |
Disclosure Of Detailed Information About Valuation Techniques Used For Measuring Fair Value Of Assets Acquired [Line Items] | |
Valuation technique | Market comparison technique and cost technique: The valuation model considers market prices for similar items when they are available, and depreciated replacement cost when appropriate. |
Intangible assets (Trademark) | |
Disclosure Of Detailed Information About Valuation Techniques Used For Measuring Fair Value Of Assets Acquired [Line Items] | |
Valuation technique | Relief-from-royalty method: The relief-from-royalty method considers the discounted estimated royalty payments that are expected to be avoided as a result of the patents being owned. |
Inventories | |
Disclosure Of Detailed Information About Valuation Techniques Used For Measuring Fair Value Of Assets Acquired [Line Items] | |
Valuation technique | Market comparison technique: The fair value is determined based on the estimated selling price in the ordinary course of business less the estimated costs of completion and sale, and a reasonable profit margin based on the effort required to complete and sell the inventories. |
Business Combinations - Additio
Business Combinations - Additional Information (Detail) - USD ($) $ in Millions | 6 Months Ended | ||
Jan. 31, 2022 | Jun. 30, 2022 | Dec. 31, 2021 | |
Statement [Line Items] | |||
Percentage of voting interests not acquired | 25% | ||
Financial liabilities | $ (2,818) | $ (2,886) | |
Other Liabilities [Member] | Written put options [member] | |||
Statement [Line Items] | |||
Financial liabilities | 91 | ||
Selling, general and administrative expense [member] | |||
Statement [Line Items] | |||
Acquisition Related Costs | 1.3 | ||
Jaya Grocer Holdings [Member] | |||
Statement [Line Items] | |||
Percentage of voting interests acquired | 75% | ||
Revenue of acquiree since acquisition date | 150 | ||
Profit (loss) of acquiree since acquisition date | 6 | ||
Revenue of combined entity as if combination had ocurred at the beginning of the period | 582 | ||
Profit loss of combined entity as if combination had occurred at the beginnig of the period | $ 1,006 |
Subsequent Events - Additional
Subsequent Events - Additional Information (Detail) | 1 Months Ended |
Jul. 31, 2022 | |
Changes in Equity Interest Held [Member] | Indonesia [member] | Top of range [member] | |
Disclosure of detailed information about business combination [line items] | |
Percentage of equity interest held | 33.60% |