Lease obligations (Tables)

12 Months Ended

Dec. 31, 2020

Lease expense

	Years ended December 31,
	2020		2019
	US$’000		US$’000
Operating lease cost		257		193
Short-term lease cost		64		153
Total lease cost		321		346

Supplemental information related to operating leases

Supplemental consolidated cash flow information related to leases is as follows:

	Years ended December 31,
	2020		2019
	US$’000		US$’000
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		195		346
Right-of-use assets obtained in exchange for lease obligations (noncash):
Operating leases		-		460

Supplemental consolidated balance sheet information related to leases is as follows:

	December 31,
	2020			2019
	US$’000			US$’000
Operating leases
Operating lease right-of-use assets		233			406
Current portion of long-term operating lease obligations		118			170
Long-term operating lease obligations, net of current maturities		94			216
		212			386
Total operating lease liabilities
Weighted average remaining lease term
Operating leases	16 months			27 months
Weighted average discount rate
Operating leases		5	%		5	%

Future minimum lease payments required under operating leases

	Operating leases
	US$’000
Year ending December 31,
2021		144
2022		102
Total lease payments		246
Less: imputed interest		(34)
Total		212

ZHEJIANG TIANLAN

Lease expense

	Years ended December 31,
	2020		2019
	RMB’000		RMB’000
Finance lease cost:
Amortization of right-of-use assets		5,837		4,347
Interest on lease liabilities included under cost of revenue and selling and administrative expenses		1,244		2,214
Total finance lease cost		7,081		6,561

Supplemental information related to finance leases

Supplemental consolidated cash flow information related to leases is as follows:

	Years ended December 31,
	2020		2019
	RMB’000		RMB’000
Cash paid for amounts included in the measurement of lease liabilities:
Finance cash flows from finance leases		11,263		29,668
Right-of-use assets obtained in exchange for lease obligations (noncash):
Finance leases		-		-

Supplemental consolidated balance sheet information related to leases is as follows:

	December 31,
	2020			2019
	RMB’000			RMB’000
Finance leases
Property, plant and equipment, at cost		-			121,208
Accumulated depreciation and impairment losses		-			(71,508	)
Property, plant and equipment, net		-			49,700
Current maturities of long-term debt		-			25,785
Total finance lease liabilities		-			25,785
Weighted average remaining lease term
Finance leases		-		1 year
Weighted average discount rate
Finance leases		5.9	%		5.9	%