202 Notes to the Consolidated Financial Statements 31 December 2023 28. TRADE PAYABLES, ACCRUALS AND OTHER PAYABLE (continued) An aging analysis of the trade payables as at 31 December 2023 and 2022, based on the invoice date, is as follows: As at 31 December 2023 As at 31 December 2022 US$’000 US$’000 Within 30 days 11,939 13,932 30 to 60 days 156 256 Over 60 days 1,586 2,534 Total 13,681 16,722 The amounts due to related parties are non-trade in nature, unsecured and payable on demand. As at 31 December 2023, the balance of US$410,000 (2022: Nil) bears an interest of 6.10% per annum. The remaining balance is interest free. 29. DEFERRED TAX The movements in deferred tax assets during the years ended 31 December 2023 and 2022 are as follows: Losses available for offsetting against future taxable profits Employee benefit payable Accrued expenses Transaction costs from acquisition of subsidiaries Others Total US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 31 December 2023 At 1 January 2023 43,577 2,981 4,175 46,051 4,492 101,276 Deferred tax credited/(charged) to profit or loss during the year (771) 99 (31) (12,194) 607 (12,290) Exchange realignment (103) 58 (67) 92 (96) (116) At 31 December 2023 42,703 3,138 4,077 33,949 5,003 88,870 31 December 2022 At 1 January 2022 31,099 1,585 9,940 69,622 2,710 114,956 Acquisition of subsidiaries 982 1,075 99 — 802 2,958 Deferred tax credited/(charged) to profit or loss during the year 17,595 497 (5,135) (19,644) 2,448 (4,239) Disposal of subsidiaries (3,204) — (132) — (1,209) (4,545) Exchange realignment (2,895) (176) (597) (3,927) (259) (7,854) At 31 December 2022 43,577 2,981 4,175 46,051 4,492 101,276 STRENGTH IN UNITY
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