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Lease liability
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Lease liability Lease liability:
The Corporation leases certain assets under lease agreements. The lease liability consists primarily of leases of land and buildings, office equipment and vehicles. The leases have interest rates ranging from 2.95% to 8.56% per annum and expire between January 2024 and October 2033.
December 31, 2023December 31, 2022
Property$4,368 $3,743 
Equipment38 39 
Vehicle99 113 
Lease Liability, Current$4,505 $3,895 
Property$13,078 $11,505 
Equipment32 73 
Vehicle283 258 
Lease Liability, Non-current$13,393 $11,836 
Lease Liability$17,898 $15,731 
The Corporation is committed to minimum lease payments as follows:
Maturity AnalysisDecember 31, 2023
Less than one year$5,667 
Between one and five years11,757 
More than five years4,837 
Total undiscounted lease liabilities$22,261 
During the year ended December 31, 2023, the Corporation made principal payments on its lease liabilities of $4,013,000 (2022 - $3,322,000).
Deferred gains were also recorded on closing of the finance lease agreement and are amortized over the lease term. At December 31, 2023, the outstanding deferred gain was $485,000 (2022 – $902,000).