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Note 24 - Related Party Transactions
 12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
24.
Related party transactions
 
The Company has entered into office space rental arrangements, outsourcing and advisory contracts with minority shareholders of certain subsidiaries. The business purpose of the transactions is to rent office space for the Company and to generate outsourcing and advisory revenues for the Company. The recorded amount of the rent expense for the year ended
December 31, 2019
was
$496
(
2018
-
$420
). The recorded amount of the outsourcing and advisory revenues for year ended
December 31, 2019
was
$3,509
(
2018
-
$585
). These amounts are settled regularly in cash and are priced at market rates. The rental arrangements have fixed terms of up to
10
years. The outsourcing and advisory contracts have terms of up to
three
years.
 
As at
December 31, 2019,
the Company had
$3,430
of loans receivable from non-controlling shareholders (
December 31, 2018 -
$6,465
). The majority of the loans receivable represent amounts assumed in connection with acquisitions and amounts issued to non-controlling interests to finance the sale of non-controlling interests in subsidiaries to senior managers. The loans are of varying principal amounts and interest rates which range from
nil
to
4.0%.
These loans are due on demand or mature on various dates up to
2026,
but are open for repayment without penalty at any time.