Accounts Receivable, net (including related parties)

12 Months Ended

Dec. 31, 2024

Accounts Receivable, net (including related parties)

Accounts Receivable, net (including related parties)

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


	December 31,		December 31,
	2023		2024

	(in thousands)
Accounts receivable	$	235,815	236,782
Accounts receivable from related parties		14	31
Less: Loss allowance		—	—
	$	235,829	236,813

As of December 31, 2023 and 2024, 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, 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			$	—


		December 31, 2024
					Loss
	Carrying				allowance
	amount of		Weighted		for lifetime
	accounts		average loss		expected
	receivable		rate		credit
	(in thousands)				(in thousands)
Not past due	$	235,882	0	%	$	—
Past due within 30 days		915	0	%		—
Past due 31‑60 days		14	0	%		—
Past due 61‑90 days		—	0	%		—
Past due 91‑120 days		2	0	%		—
Past due over 121 days		—	0%-100.00	%		—
	$	236,813			$	—

There were no changes in loss allowance as of December 31, 2023 and 2024.

There were no activities in loss allowance for the years ended December 31, 2022, 2023 and 2024, respectively.