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Financial instruments - Risk management and fair value (Tables) | 12 Months Ended
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Dec. 31, 2020
Text block [abstract] |
Summary of Foreign Currency Risk Exposure | The following chart summarizes the Company’s foreign currency risk exposure (assets and liabilities denominated in foreign currency) as of December 31:
|  | 2020 |  |  | 2019 |
Assets |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 12,322 |  |  | $ | 22,818 |
Accounts receivable, net |  |  | 27,670 |  |  |  | 73,018 |
Other assets |  |  | 18,942 |  |  |  | 15,726 |
Total assets |  | $ | 58,934 |  |  | $ | 111,562 |
Liabilities |  |  |  |  |  |  |  |
Accounts payable |  |  | 20,142 |  |  |  | 51,313 |
Taxes payable |  |  | 13,757 |  |  |  | 37,137 |
Other liabilities |  |  | 11,387 |  |  |  | 18,513 |
Total liabilities |  | $ | 45,286 |  |  | $ | 106,963 |
Net position |  | $ | 13,648 |  |  | $ | 4,599 |
Movement in Allowance for Impairment for Short and Long-term Investments at Amortized Cost | The movement in the allowance for impairment for short and long-term investments at amortized cost for the year ended December 31 was as follows:
|  | 2020 |  |  | 2019 |
Balance at beginning of year |  | $ | (957 | ) |  | $ | (1,218 | )
(Additions)/Reversal |  |  | (260 | ) |  |  | 261 |
Balance at end of year |  | $ | (1,217 | ) |  | $ | (957 | )
Summary of Credit Risk Exposure on Trade Receivables using Provision Matrix | Set out below is the information about the credit risk exposure on the Company’s trade receivables using a provision matrix as of December 31:
|  | 2020 |
|  |  |  |  | Days past due |
|  | Total |  |  | Current |  |  | <30 |  |  | 30-60 |  |  | 60-90 |  |  | >90 |
Expected credit loss rate |  |  |  |  |  |  | 0.0 | % |  |  | 0.1 | % |  |  | 2.5 | % |  |  | 3.7 | % |  |  | 41.5 | %
Gross carrying amount |  | $ | 72,172 |  |  | $ | 50,180 |  |  | $ | 3,554 |  |  | $ | 1,867 |  |  | $ | 1,228 |  |  | $ | 15,343 |
Expected credit loss |  | $ | 6,483 |  |  | $ | 20 |  |  | $ | 3 |  |  | $ | 46 |  |  | $ | 46 |  |  | $ | 6,368 |
|  | 2019 |
|  |  |  |  | Days past due |
|  | Total |  |  | Current |  |  | <30 |  |  | 30-60 |  |  | 60-90 |  |  | >90 |
Expected credit loss rate |  |  |  |  |  |  | 0.1 | % |  |  | 2.3 | % |  |  | 3.7 | % |  |  | 12.0 | % |  |  | 33.3 | %
Gross carrying amount |  | $ | 137,499 |  |  | $ | 111,778 |  |  | $ | 6,170 |  |  | $ | 2,786 |  |  | $ | 1,636 |  |  | $ | 15,129 |
Expected credit loss |  | $ | 5,579 |  |  | $ | 99 |  |  | $ | 141 |  |  | $ | 104 |  |  | $ | 196 |  |  | $ | 5,039 |
Summary of Financial Liabilities According to Maturity Date | The table below summarizes the Company’s financial liabilities according to their maturity date. The amounts in the table are the contractual undiscounted cash flows. Balances due within twelve months equal their carrying balances as the impact of discounting is not significant. December 31, 2020
|  | Note |  |  | Carrying amount |  |  | Contractual cash flow |  |  | Less than twelve months |  |  | Between 1 and 4 years |  |  | More than 4 years |
Non-derivative financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and borrowings |  |  | 18 |  |  | $ | 1,163,900 |  |  | $ | 1,287,203 |  |  | $ | 155,902 |  |  | $ | 834,145 |  |  | $ | 297,156 |
Lease liabitity |  |  | 14 |  |  |  | 230,510 |  |  |  | 246,495 |  |  |  | 90,244 |  |  |  | 147,530 |  |  |  | 8,720 |
Account payable |  |  | 19 |  |  |  | 63,461 |  |  |  | 63,461 |  |  |  | 63,461 |  |  |  | — |  |  |  | — |
Account payable to related parties |  |  | 19 |  |  |  | 2,970 |  |  |  | 2,970 |  |  |  | 2,970 |  |  |  | — |  |  |  | — |
|  |  |  |  | $1,460,841 |  |  | $1,600,129 |  |  | $312,577 |  |  | $981,675 |  |  | $305,876 |
December 31, 2019
|  | Note |  |  | Carrying amount |  |  | Contractual cash flow |  |  | Less than twelve months |  |  | Between 1 and 4 years |  |  | More than 4 years |
Non-derivative financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and borrowings |  |  | 18 |  |  | $ | 1,060,765 |  |  | $ | 1,197,635 |  |  | $ | 146,434 |  |  | $ | 556,257 |  |  | $ | 494,944 |
Lease liabitity |  |  | 14 |  |  |  | 304,564 |  |  |  | 329,029 |  |  |  | 107,556 |  |  |  | 212,408 |  |  |  | 9,065 |
Account payable |  |  | 19 |  |  |  | 119,332 |  |  |  | 119,332 |  |  |  | 119,332 |  |  |  | — |  |  |  | — |
Account payable to related parties |  |  | 19 |  |  |  | 14,086 |  |  |  | 14,086 |  |  |  | 14,086 |  |  |  | — |  |  |  | — |
|  |  |  |  | $1,498,747 |  |  | $1,660,082 |  |  | $387,408 |  |  | $768,665 |  |  | $504,009 |
Summary of Carrying Amount and Fair Values of Financial Assets and Financial Liabilities | Set out below is a comparison, by class, of the carrying amounts and fair values of the Company’s financial instruments, other than those with carrying amounts that are reasonable approximations of fair values:
|  |  |  |  | Carrying amount |  |  | Fair Value |
|  | Note |  |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term investments |  |  | 9 |  |  |  | 119,617 |  |  |  | 134,347 |  |  |  | 120,938 |  |  |  | 155,051 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and borrowings |  |  | 18 |  |  |  | 1,163,900 |  |  |  | 1,060,765 |  |  |  | 1,327,282 |  |  |  | 1,068,961 |
Summary of Company's financial instruments measured at fair value |
|  | Fair value measurement as of reporting date |
|  | 2020 |  |  | Quoted prices in active markets (Level 1) |  |  | Significant observable inputs (Level 2) |  |  | Significant unobservable inputs (Level 3) |
Non - recurring fair value measurements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset held for sale |  |  | 135,542 |  |  |  | — |  |  |  | — |  |  |  | 135,542 |
Total assets |  | $ | 135,542 |  |  | $ | — |  |  | $ | — |  |  | $ | 135,542 |
Recurring fair value measurements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  |  | 245,560 |  |  |  | — |  |  |  | 245,560 |  |  |  | — |
Total liabilities |  | $ | 245,560 |  |  | $ | — |  |  | $ | 245,560 |  |  | $ | — |
Summary of key Assumptions used to Determine the Fair Value of Assets Held For Sale | Company’s approach and the key assumptions used to determine the fair value less costs of disposal of the assets held for sale were as follows:
|  | Unobservable input |  | Value assigned to key assumption |  |  | Approach to determining key assumption
Asset held for sale |  | Sales price |  |  | 145,399 |  |  | Average of purchase proposals received
| Cost of disposal |  |  | (9,857 | ) |  | Estimated based on the Company’s experience with disposal of similar assets.

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