Accounts Receivable, net

12 Months Ended

Dec. 31, 2022

Note 11. Accounts Receivable, net (including related parties)


	December 31,		December 31,
	2021		2022

	(in thousands)
Accounts receivable	$	410,140	261,112
Accounts receivable from related parties		71	36
Less: Loss allowance		-	-
	$	410,211	261,148

As of December 31, 2021 and 2022, the Company measures the loss allowance for accounts receivable using the simplified approach under IFRS 9 with the lifetime expected credit losses. To measure the expected credit losses, accounts receivable have been grouped based on the days past due, as well as incorporated forward looking information, including relevant industry information. Analysis of expected credit losses which was measured based on the aforementioned method, was as follows:


	December 31, 2021
					Loss
	Carrying				allowance
	amount of		Weighted		for lifetime
	accounts		average loss		expected
	receivable		rate		credit
	(in thousands)					(in thousands)
Not past due	$	408,415	0	%	$	—
Past due within 30 days		795	0	%		—
Past due 31‑60 days		924	0	%		—
Past due 61‑90 days		77	0	%		—
Past due 91‑120 days		-	0	%		—
Past due over 121 days		-	100.00	%		—
	$	410,211			$	—


		December 31, 2022
					Loss
	Carrying				allowance
	amount of		Weighted		for lifetime
	accounts		average loss		expected
	receivable		rate		credit
	(in thousands)				(in thousands)
Not past due	$	258,974	0	%	$	-
Past due within 30 days		1,884	0	%		-
Past due 31‑60 days		121	0-32.15	%		-
Past due 61‑90 days		75	0-47.02	%		-
Past due 91‑120 days		94	0-77.69	%		-
Past due over 121 days		-	100.00	%		-
	$	261,148			$	-

As of December 31, 2021, the Company recognized a reversal of credit losses amounting to $190 thousand for accounts receivable due to recovery. There were no changes in loss allowance as of December 31, 2022.

The activity in the loss allowance is as follows:

Loss Allowance


	Balance at			Amounts
	Beginning		Charges to	utilized /	Balance at
Period	of year		earnings	write-offs	end of year

	(in thousands)

Year 2020	$	190	-	-	190
Year 2021	$	190	(190)	-	-
Year 2022	$	-	-	-	-