Accounts Receivable, net

12 Months Ended

Dec. 31, 2023

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


	December 31,		December 31,
	2022		2023

	(in thousands)
Accounts receivable	$	261,112	235,815
Accounts receivable from related parties		36	14
Less: Loss allowance		—	—
	$	261,148	235,829

As of December 31, 2022 and 2023, 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, 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			$	—


		December 31, 2023
					Loss
	Carrying				allowance
	amount of		Weighted		for lifetime
	accounts		average loss		expected
	receivable		rate		credit
	(in thousands)				(in thousands)
Not past due	$	231,676	0	%	$	—
Past due within 30 days		3,591	0	%		—
Past due 31‑60 days		462	0	%		—
Past due 61‑90 days		9	0	%		—
Past due 91‑120 days		—	0	%		—
Past due over 121 days		91	0%-100.00	%		—
	$	235,829			$	—

There were no changes in loss allowance as of December 31, 2022 and 2023.

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 2021	$	190	(190)	—	—
Year 2022	$	—	—	—	—
Year 2023	$	—	—	—	—