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v3.20.1

Leases (Tables) | 12 Months Ended
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Dec. 31, 2019
Disclosure Of Leases [Abstract] |
Summary of Right-of-Use-Assets | Precision recognizes right of use assets primarily from its leases of real estate and vehicles and equipment.
|  | Real Estate |  |  | Vehicles and Equipment |  |  | Total |
Balance, January 1, 2019 |  | $ | — |  |  | $ | — |  |  | $ | — |
Transition adjustments |  |  | 58,635 |  |  |  | 14,829 |  |  |  | 73,464 |
Additions |  |  | — |  |  |  | 1,947 |  |  |  | 1,947 |
Derecognition |  |  | (29 | ) |  |  | — |  |  |  | (29 | )
Depreciation |  |  | (4,055 | ) |  |  | (4,403 | ) |  |  | (8,458 | )
Lease remeasurements |  |  | 163 |  |  |  | — |  |  |  | 163 |
Effect of foreign currency exchange differences |  |  | (688 | ) |  |  | (257 | ) |  |  | (945 | )
Balance, December 31, 2019 |  | $ | 54,026 |  |  | $ | 12,116 |  |  | $ | 66,142 |
Expected Non-cancellable Operating Lease Payments | Expected non-cancellable operating lease payments are as follows:
|  | 2019 |  |  | 2018 |
Less than one year |  | $ | 11,954 |  |  | $ | 13,496 |
One to five years |  |  | 33,566 |  |  |  | 36,639 |
More than five years |  |  | 11,117 |  |  |  | 17,797 |
|  | $ | 56,637 |  |  | $ | 67,932 |
Summary of Maturity Analysis of Lease Payments | The following table sets out a maturity analysis of lease payments, showing the undiscounted lease payments to be received after December 31, 2019.
Less than one year |  | $ | 297,425 |
One to five years |  |  | 207,746 |
More than five years |  |  | 12,437 |
|  | $ | 517,608 |

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- Definition The disclosure of a maturity analysis of operating lease payments. Operating lease is a lease that does not transfer substantially all the risks and rewards incidental to ownership of an underlying asset. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2019-01-01 -Paragraph 97 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2019-en-r&anchor=para_97&doctype=Standard -URIDate 2019-03-27 + Details
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- Definition The disclosure of quantitative information about right-of-use assets. [Refer: Right-of-use assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2019-01-01 -Paragraph 53 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2019-en-r&anchor=para_53&doctype=Standard -URIDate 2019-03-27 + Details
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- Definition The disclosure of detailed information about expected non-cancellable operating lease payments. + References No definition available. + Details
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