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Accounts Receivable And Contract Assets
 12 Months Ended
Dec. 31, 2023
Text Block 1 [Abstract]  
Accounts Receivable And Contract Assets
NOTE 8. ACCOUNTS RECEIVABLE AND CONTRACT ASSETS
Accounts receivable consisted of the following:
 
 December 31,   
2023
      2022
1
  
Trade receivables
   
$
529,550
 
    $ 457,850  
Less: allowance for doubtful accounts
   
 
(12,539)
     (7,652)  
Trade receivables, net
   
$
517,011
 
    $ 450,198  
Other receivables
   
 
8,843
 
      5,643  
Total accounts receivable
   
$
     525,854
 
    $      455,841  
1
Certain balances as at December 31, 2022 have been
re-presented
as a result of measurement period adjustments related to the Transaction as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.
Aging of trade receivables:
 
 December 31,   
2023
      2022  
Current to 90 days
   
$
440,459
 
    $ 405,196  
Over 90 days
   
 
89,091
 
      52,654  
  
$
     529,550
 
    $      457,850  
Movement in allowance for doubtful accounts:
 
 December 31,   
2023
      2022  
Opening balance
   
$
7,652
 
    $ 10,334  
Impairment provision additions on receivables
   
 
1,858
 
      628  
Amounts settled and derecognized during the period
   
 
2,582
 
      (3,499)  
Currency translation effects
   
 
447
 
      189  
Closing balance
   
$
      12,539
 
    $        7,652  
Movement in contract assets:
 
 December 31,   
2023
      2022  
Opening balance
   
$
409,438
 
    $ 82,760  
Acquisition (Note 6)
   
 
— 
 
      281,509  
Unbilled revenue recognized
   
 
   1,364,706
 
           559,229  
Amounts billed
   
 
(1,354,908)
 
      (517,828)  
Currency translation effects
   
 
(9,853)
 
      3,768  
Closing balance
   
$
409,383
 
    $ 409,438  
Current contract assets
   
$
230,455
 
    $ 186,259  
Non-current
contract assets
   
 
178,928
 
      223,179  
  
$
409,383
 
    $ 409,438  
 
Amounts recognized as current contract assets are typically billed to customers within three months and amounts recognized as
non-current
contract assets will be billed to customers more than twelve months from the date of the balance sheet.