Offsetting Financial Assets and Financial Liabilities

12 Months Ended

Dec. 31, 2021

Disclosure Of Offsetting Of Financial Assets [Line Items]

Offsetting financial assets and financial liabilities

27.

Offsetting financial assets and financial liabilities

Financial assets and liabilities are offset and the net amount is reported in the Consolidated Statement of Financial Position where the Group currently has a legally enforceable right to offset the recognized amounts, and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously.

The following table presents the recognized financial instruments that are offset as at December 31, 2021 and 2020:


	Effects of offsetting on the Consolidated
	Statements of Financial Position
			Gross amounts			Net amounts
2021	Gross amounts		set off			presented
Financial assets	USD		USD			USD
Cash and cash equivalents		336,197		—			336,197
Financial assets at FVPL		1,004		—			1,004
Trade and other receivables		196,939		(5,973	)		190,966
Other assets		1,339		—			1,339
Total		535,479		(5,973	)		529,506
Financial liabilities
Trade and other payables		283,133		(5,973	)		277,160
Financial liabilities		5,014		—			5,014
Derivative financial instruments		221		—			221
Total		288,368		(5,973	)		282,395

			Gross amounts			Net amounts
2020	Gross amounts		set off			presented
Financial assets	USD		USD			USD
Cash and cash equivalents		111,733		—			111,733
Financial assets at FVPL		8,319		—			8,319
Trade and other receivables		75,834		(3,049	)		72,785
Other assets		2,017		—			2,017
Total		197,903		(3,049	)		194,854
Financial liabilities
Trade and other payables		145,914		(3,049	)		142,865
Derivative financial instruments		2,896		—			2,896
Total		148,810		(3,049	)		145,761

The gross amount set off presented above corresponds to trade receivables from fees that are offset from liabilities with Merchants considering that there is an enforceable legal right to offset and the Group expects to cancel such obligations on a net basis. Additionally, it should be noted that the Group does not have arrangements that do not meet the criteria for offsetting but still allow for the related amounts to be set off in the future.