LOANS RECEIVABLE, NET (Tables)

6 Months Ended

Jun. 30, 2021

Loans receivable represents loans granted to commercial and consumer customers. The Company monitors credit quality for all loans receivable on a recurring basis by evaluating the customer’s prior repayment history available internally and external sources information, where applicable. The Company uses delinquency status and trends to assist in making new and ongoing credit decisions, and to plan our collection practices and strategies. The following table presents the loans receivable by each of the loan portfolio:

	As of
	December 31, 2020			June 30, 2021
	$			$

Commercial		183,710			171,619
Consumer		259,860			710,244
		443,570			881,863
Allowance for credit losses		(40,484	)		(73,890	)
		403,086			807,973

Summary of Delinquency Status of Loans Receivable by Year of Origination

	As of June 30, 2021
	Year of origination
	2021		2020		2019		2018		2017		Prior		Total
Commercial	$		$		$		$		$		$		$
Delinquency:
Current		19,522		106,345		16,132		5,217		3,812		1,607		152,635
Past due
- 1 to 30 days		668		4,365		585		2,974		100		11		8,703
- 31 to 60 days		340		3,162		276		61		128		2		3,969
- 61 to 90 days		31		287		348		112		7		70		855
- More than 90 days		–		5,017		228		131		34		47		5,457
		20,561		119,176		17,569		8,495		4,081		1,737		171,619

Consumer
Delinquency:
Current		633,129		7,871		12,325		9,461		5,989		1,313		670,088
Past due
- 1 to 30 days		10,899		866		585		513		134		37		13,034
- 31 to 60 days		6,483		506		1,000		1,676		734		119		10,518
- 61 to 90 days		4,260		1,286		130		271		64		13		6,024
- More than 90 days		7,101		2,962		246		88		25		158		10,580
		661,872		13,491		14,286		12,009		6,946		1,640		710,244

Loans Receivable's Allowance for Credit Losses

An analysis of the loans receivable’s allowance for credit losses by portfolio segment is as follows:

	Commercial			Consumer			Total
	$			$			$
Balance at January 1, 2020		–			–			–
Acquisition of subsidiaries		14,721			6,750			21,471
(Reversal) Charged to expenses		(1,687	)		12,944			11,257
Write-off of loans receivable		(3,911	)		(6,115	)		(10,026	)
Exchange differences		(915	)		(201	)		(1,116	)

Balance at June 30, 2020		8,208			13,378			21,586
Acquisition of subsidiaries		2,335			2,604			4,939
Charged to expenses		27,750			12,061			39,811
Write-off of loans receivable		(10,890	)		(16,460	)		(27,350	)
Exchange differences		921			577			1,498

Balance at December 31,2020		28,324			12,160			40,484
Charged to expenses		11,001			36,695			47,696
Write-off of loans receivable		(9,757	)		(2,544	)		(12,301	)
Exchange differences		(951	)		(1,038	)		(1,989	)

Balance at June 30, 2021		28,617			45,273			73,890