Lease obligations (Tables)

12 Months Ended

Dec. 31, 2019

Operating lease-related assets and liabilities

	Classification on the consolidated balance sheet
		US$’000
Asset
Operating lease right-of-use assets	Operating lease right-of-use assets		406
Liabilities
Current
Operating lease obligations	Current portion of operating lease obligations		170
Non-current
Operating lease obligations	Operating lease obligations, net of current maturities		216
Total lease obligations			386

Operating lease terms and discount rates

Weighted-average remaining lease term – operating leases	27 months
Weighted-average discount rate - operating		5	%

Lease cost

	US$’000
Operating lease cost		193
Short-term lease cost		153
Total lease cost		346

Supplemental cash flow information related to operating leases

Other information
	US$’000
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases		346
Right-of-use asset obtained in exchange for new operating lease obligations		460

Future undiscounted minimum operating lease payments

	Operating lease obligations
	US$’000
2020		196
2021		138
2022		96
Total minimum lease payments		430
Financing component		(44	)
Net present value of minimum lease payments		386
Less: current portion of operating lease obligations		(170	)
Long-term operating lease obligations		216

Future minimum lease payments required under operating leases

	Operating lease obligations
	US$’000
2019		87
Total minimum lease payments		87

ZHEJIANG TIANLAN

Finance lease-related assets and liabilities

	Classification on the consolidated balance sheet
		RMB’000
Asset
Finance lease right-of-use assets	Property and equipment, net of accumulated depreciation and impairment losses		33,067

Liability
Current
Finance lease obligations	Current portion of finance lease obligations	25,785

Finance lease terms and discount rates

Weighted-average remaining lease term - finance leases	1 year
Weighted-average discount rate - finance leases		5.9	%

Lease cost

	RMB’000
Lease cost:
Finance lease cost:
Amortization of right-of-use assets		10,001
Interest on lease liabilities included under cost of revenue and selling and administrative expenses		2,214
Total lease cost		12,215

Future undiscounted minimum finance lease payments

	Finance lease obligation
	RMB’000
2020		37,070
Total minimum lease payments		37,070
Financing component		(11,285	)
Net present value of minimum lease payments		25,785
Less: current portion of finance lease obligations		(25,785	)
Long-term finance lease obligations		-