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Lease liability
12 Months Ended
Dec. 31, 2024
Leases1 [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 9.42% per annum and expire between June 2025 and February 2035.
December 31, 2024December 31, 2023
Property$2,805 $4,368 
Equipment28 38 
Vehicle66 99 
Lease Liability, Current$2,899 $4,505 
Property$20,847 $13,078 
Equipment32 
Vehicle146 283 
Lease Liability, Non-current$20,995 $13,393 
Lease Liability, Total$23,894 $17,898 
During the year ended December 31, 2024, the Corporation made principal payments on its lease liabilities of $3,327,000 (2023 - $4,013,000). The Corporation is committed to future minimum lease payments (comprising principal and interest) as follows:
Maturity AnalysisDecember 31, 2024
Less than one year$4,707 
Between one and five years14,793 
More than five years13,713 
Total undiscounted lease liabilities$33,213 
Deferred gains were also recorded on closing of a finance lease agreement and are amortized over the lease term. At December 31, 2024, the outstanding deferred gain was $69,000 (2023 – $485,000).