XML 71 R57.htm IDEA: XBRL DOCUMENT v3.22.1
Financial instruments (Tables)
12 Months Ended
Mar. 31, 2022
Disclosure of detailed information about financial instruments [abstract]  
Disclosure of fair value measurement of liabilities , financial instruments measured at fair value in the consolidated balance sheets were as follows:
March 31, 2022March 31, 2021
Fair
value
hierarchy
Carrying
amount
Fair
value
Fair
value
hierarchy
Carrying
amount
Fair
value
$
$

$$

Assets:
Cash and cash equivalents
Level 1953,654 953,654 Level 1807,150 807,150 
Restricted cash and restricted depositsLevel 11,791 1,791 Level 19,074 9,074 
Merchant cash advancesLevel 36,300 6,300 Level 32,309 2,309 
Foreign exchange forward contractsLevel 223 23 — — — 
Liabilities:
Contingent consideration— — — Level 300
Financial instruments measured at fair value in the condensed interim consolidated balance sheet , financial instruments measured at fair value in the consolidated balance sheets were as follows:
March 31, 2022March 31, 2021
Fair
value
hierarchy
Carrying
amount
Fair
value
Fair
value
hierarchy
Carrying
amount
Fair
value
$
$

$$

Assets:
Cash and cash equivalents
Level 1953,654 953,654 Level 1807,150 807,150 
Restricted cash and restricted depositsLevel 11,791 1,791 Level 19,074 9,074 
Merchant cash advancesLevel 36,300 6,300 Level 32,309 2,309 
Foreign exchange forward contractsLevel 223 23 — — — 
Liabilities:
Contingent consideration— — — Level 300
Disclosure of provision matrix
The loss allowance as at March 31, 2022 and 2021 was determined as follows:
2022
Not
past due
0–3030–6060–9090–180180+
Expected loss rate%14 %46 %64 %68 %70 %
Gross carrying amount17,279 2,212 617 213 577 1,996 
Loss allowance518 310 284 136 392 1,403 
2021
Not
past due
0–3030–6060–9090–180180+
Expected loss rate%14 %41 %55 %63 %67 %
Gross carrying amount9,328 1,087 917 231 1,156 2,758 
Loss allowance280 152 376 127 728 1,856 
Changes in the loss allowance
Changes in the loss allowance were as follows:
20222021
$$
Balance – Beginning of fiscal year3,519 2,878 
Increase1,603 2,777 
Write-offs(2,079)(2,136)
Balance – End of fiscal year3,043 3,519 
Maturity of financial liabilities
The maturity analysis of lease liabilities as at March 31, 2022 is as follows:
Fiscal Year$
20237,633 
20246,032 
20255,165 
20263,583 
20272,395 
2028 and thereafter5,862 
Total minimum payments30,670 
As at March 31, 2022 and 2021, the maturity analysis of financial liabilities represented the following:
2022
<1
Year
1 to 3
Years
4 to 5
Years
>5
Years
Total
$$$$$
Accounts payable and accrued liabilities
78,307 — — — 78,307 
Accrued payroll taxes on share-based compensation— 1,007 — — 1,007 
Long-term debt— 30,000 — — 30,000 
2021
<1
Year
1 to 3
Years
4 to 5
Years
>5
Years
Total
$$$$$
Accounts payable and accrued liabilities65,052 — — — 65,052 
Accrued payroll taxes on share-based compensation 3,154 — — 3,154 
Long-term debt— — 30,000 — 30,000 
Currency Risk
2022CADEURGBPAUDNZDOtherTotal
$$$$$$$
Cash and cash equivalents and restricted cash13,885 6,270 1,338 2,522 2,651 3,785 30,451 
Trade and other receivables3,454 4,086 1,472 2,675 49 1,062 12,798 
Accounts payable and accrued liabilities(18,508)(5,755)(1,466)(2,834)(2,407)(2,131)(33,101)
Accrued payroll taxes on share-based compensation(287)(270)(142)(53)— (37)(789)
Lease liabilities(13,400)(4,447)(4,315)(477)(548)(259)(23,446)
Net financial position exposure(14,856)(116)(3,113)1,833 (255)2,420 (14,087)
2021CADEURGBPAUDNZDOtherTotal
$$$$$$$
Cash and cash equivalents and restricted cash3,141 15,913 470 958 — 1,649 22,131 
Trade and other receivables5,122 2,740 469 793 — 1,030 10,154 
Accounts payable and accrued liabilities(13,729)(18,898)(2,154)(4,529)(484)(826)(40,620)
Accrued payroll taxes on share-based compensation(1,816)(622)(309)(239)(42)(36)(3,064)
Lease liabilities(14,102)(3,214)(842)(646)— (517)(19,321)
Net financial position exposure(21,384)(4,081)(2,366)(3,663)(526)1,300 (30,720)
The table below shows the immediate increase/(decrease) in net loss before tax of a 1% strengthening in the average exchange rate of significant currencies to which the Company has transaction exposure as at March 31, 2022 and 2021. The sensitivity associated with a 1% weakening of a particular currency would be equal and opposite. This assumes that each currency moves in isolation.
CADEURGBPAUDNZDOther
$$$$$$
2022(1,347)(1,092)(383)(512)(167)(166)
2021(590)(84)20 (20)(6)(12)
Hedging reserve
Hedging reserve
20222021
$$
Balance as at March 31,— — 
Unrealized losses on fair value that may be subsequently reclassified to consolidated statements of loss(337)— 
Losses reclassified to direct cost of revenues, general and administrative expenses, research and development expenses, and sales and marketing expenses.360 — 
Balance as at March 31,23 —