XML 59 R20.htm IDEA: XBRL DOCUMENT

Trade receivables

12 Months Ended

Dec. 31, 2021

13. Trade and other receivables


As at December 31,	2021		2020
Trade receivables	$	123,246	$	111,545
Consumption taxes receivable		20,359		20,789
Loans receivable		7,267		927
Other receivables		23		1,740
	$	150,895	$	135,001

Trade receivables are generally secured by the equipment that they relate to as it is Company policy that equipment is not released until payment has been collected. Trade receivables are due for settlement within three to seven days of the date of sale, after which they are interest bearing. Consumption taxes receivable are deemed fully recoverable unless disputed by the relevant tax authority. Other receivables are unsecured and non-interest bearing.

Loans receivable

As at December 31, 2021, the Company held two non-recourse financing lending arrangements which are fully collateralized and secured by certain equipment. These financing lending arrangements have a term of one to two years. In the event of default under these agreements, the Company will take possession of the equipment as collateral to recover its loans receivable balance.

The loans receivable balance as at December 31, 2021 was $7,267,000 and was recorded in trade and other receivables. The loans receivable balance as at December 31, 2020 was $5,797,000, of which $927,000 was recorded in other non-current assets. The expected credit loss allowance is not significant.

The following table presents the activity in the allowance for expected credit losses on trade receivables for the period ended December 31, 2021:


Balance, December 31, 2020	$	(5,467)
Current period provision		(1,564)
Write-offs charged against the allowance		2,635
Balance, December 31, 2021	$	(4,396)