XML 88 R67.htm IDEA: XBRL DOCUMENT
v3.22.4

Financial Instruments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Disclosure of detailed information about financial instruments [abstract] |
Summary of detailed information about financial instruments | The Company has designated its financial instruments as follows:
December 31, 2022 |  | Carrying value |  |  | Estimated fair value
Financial Assets |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 253,776 |  |  | $ | 253,776 |
Derivative instruments in designated hedge accounting relationships |  |  | 901 |  |  |  | 901 |
Loans and receivables: |  |  |  |  |  |  |  |
Accounts receivable |  |  | 456,578 |  |  |  | 456,578 |
Preferred shares receivable |  |  | 27,954 |  |  |  | 28,702 |
Financial Liabilities |  |  |  |  |  |  |  |
Derivative instruments in designated hedge accounting relationships |  |  | 977 |  |  |  | 977 |
Other financial liabilities: |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  |  | 627,149 |  |  |  | 627,149 |
Long-term debt – Revolving Credit Facility |  |  | 459,202 |  |  |  | 459,202 |
Long-term debt – Term Loan |  |  | 203,160 |  |  |  | 203,160 |
Long-term debt – Notes |  |  | 846,500 |  |  |  | 869,288 |
Other long-term liabilities |  |  | 21,757 |  |  |  | 21,757 |
December 31, 2021 |  | Carrying value |  |  | Estimated fair value
Financial Assets |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 172,758 |  |  | $ | 172,758 |
Derivative instruments in designated hedge accounting relationships |  |  | 294 |  |  |  | 294 |
Loans and receivables: |  |  |  |  |  |  |  |
Accounts receivable |  |  | 212,206 |  |  |  | 212,206 |
Preferred shares receivables |  |  | 24,172 |  |  |  | 27,471 |
Financial Liabilities |  |  |  |  |  |  |  |
Derivative instruments in designated hedge accounting relationships |  |  | 180 |  |  |  | 180 |
Other financial liabilities: |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  |  | 240,747 |  |  |  | 240,747 |
Long-term debt – Bank Facility |  |  | 30,522 |  |  |  | 30,522 |
Long-term debt – Asset-Based Facility |  |  | 37,411 |  |  |  | 37,411 |
Long-term debt – Notes |  |  | 266,865 |  |  |  | 280,295 |
Other long-term liabilities |  |  | 15,785 |  |  |  | 15,785 |
Summary of fair value measurement of financial assets and financial liabilities |
|  | Carrying value |  |  | Fair Value |
| Level 1 |  |  | Level 2 |  |  | Level 3
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  | $ | 901 |  |  | $ | - |  |  | $ | 901 |  |  | $ | - |
Preferred shares receivable |  | $ | 27,954 |  |  | $ | - |  |  | $ | 28,702 |  |  | $ | - |
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  | $ | 977 |  |  | $ | - |  |  | $ | 977 |  |  | $ | - |
Long-term debt – Notes |  | $ | 846,500 |  |  | $ | - |  |  | $ | 869,288 |  |  | $ | - |
Summary of detailed information about hedging instruments | The following table summarizes the Company’s commitments to buy and sell foreign currencies as at December 31, 2022:
|  |  |  |  | Notional amount |  |  | Maturity
Canadian Dollar Denominated Contracts |  |  |  |  |  |  |  |  |  |
Purchase contracts |  |  | USD |  |  | $ | 29,182 |  |  | January 2023 – November 2023
Sales contracts |  |  | USD |  |  |  | (26,180) |  |  | January 2023 – November 2023
Purchase contracts |  |  | EUR |  |  |  | 3,568 |  |  | January 2023 – March 2023
Sales contracts |  |  | EUR |  |  |  | (2,453) |  |  | March 2023
Summary of earnings before tax due to weakening of foreign currency |
Canadian dollar weakens by five percent |  | USD |  |  | AUD |  |  | BRL |
Earnings from foreign operations |  |  |  |  |  |  |  |  |  |  |  |
Earnings before income taxes |  | $ | 4,024 |  |  |  | $ (113) |  |  | $ | 216 |
Summary of sensitivity analysis of fair value measurement to changes in unobservable inputs, liabilities | The following table shows the Company’s sensitivity to a five percent weakening of the Canadian dollar against the U.S. dollar, Australian dollar, and Brazilian real. A five percent strengthening of the Canadian dollar would have an equal and opposite effect. This sensitivity analysis relates to the position as at December 31, 2022 and for the year then ended.
Canadian dollar weakens by five percent |  | USD |  |  | AUD |  |  | BRL |
Financial instruments held in foreign operations |  |  |  |  |  |  |  |  |  |  |  |
Other comprehensive income |  | $ | 17,625 |  |  | $ | 634 |  |  | $ | 342 |
Financial instruments held in Canadian operations |  |  |  |  |  |  |  |  |  |  |  |
Earnings before income taxes |  | $ | (23,450 | ) |  | $ | - |  |  | $ | - |
Summary of maturity analysis for derivative and non derivative financial liabilities | A liquidity analysis of the Company’s financial instruments has been completed on a maturity basis. The following table outlines the cash flows, including interest associated with the maturity of the Company’s financial liabilities, as at December 31, 2022:
|  | Less than 3 months |  |  | 3 months to 1 year |  |  | Greater than 1 year |  |  | Total
Derivative financial instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | $ | 712 |  |  | $ | 265 |  |  | $ | - |  |  | $ | 977 |
Accounts payable and accrued liabilities |  |  | 627,149 |  |  |  | - |  |  |  | - |  |  |  | 627,149 |
Long-term debt – Revolving Credit Facility |  |  | - |  |  |  | - |  |  |  | 459,202 |  |  |  | 459,202 |
Long-term debt – Term Loan |  |  | - |  |  |  | 27,088 |  |  |  | 176,072 |  |  |  | 203,160 |
Long-term debt – Notes |  |  | - |  |  |  | - |  |  |  | 846,500 |  |  |  | 846,500 |
Other long-term liabilities |  |  | - |  |  |  | - |  |  |  | 21,757 |  |  |  | 21,757 |

X
- Definition Disclosure of fair value measurement of financial assets and financial liabilities explanatory. + References No definition available. + Details
Name: | efxt_DisclosureOfFairValueMeasurementOfFinancialAssetsAndFinancialLiabilitiesExplanatory
Namespace Prefix: | efxt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of maturity analysis for derivative and non derivative financial liabilities explanatory. + References No definition available. + Details
Name: | efxt_DisclosureOfMaturityAnalysisForDerivativeAndNonDerivativeFinancialLiabilitiesExplanatory
Namespace Prefix: | efxt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Impact of earnings before tax due to weakening of foreign currency explanatory. + References No definition available. + Details
Name: | efxt_ImpactOfEarningsBeforeTaxDueToWeakeningOfForeignCurrencyExplanatoryTextBlock
Namespace Prefix: | efxt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of detailed information about financial instruments. [Refer: Financial instruments, class [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2022-03-24 -Paragraph 7 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2022-en-r&anchor=para_7&doctype=Standard -URIDate 2022-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2022-03-24 -Paragraph 35K -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2022-en-r&anchor=para_35K&doctype=Standard -URIDate 2022-03-24 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2022-03-24 -Paragraph 31 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2022-en-r&anchor=para_31&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of detailed information about hedging instruments. [Refer: Hedging instruments [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2022-03-24 -Paragraph 24A -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2022-en-r&anchor=para_24A&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfFinancialInstrumentsAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the sensitivity analysis of the fair value measurement of liabilities to changes in unobservable inputs. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2022-03-24 -Paragraph 93 -Subparagraph h -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2022-en-r&anchor=para_93_h&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration