XML 80 R28.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Related party transactions
12 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]  
Related party transactions
Related party transactions
A director of the Company was the President and Chief Executive Officer of a business that subleases space from the Company. The sublease was entered into several years before the director's appointment. During the year ended December 31, 2019, the Company recorded $235, of sublease proceeds December 31, 2018 - $315). As of December 31, 2019, the director is no longer an officer of the business that subleases space from the Company.
The Company entered into related party transactions through a number of affiliates and joint ventures that involve providing or receiving services in the normal course of business.
In June of 2019, the Company purchased heavy equipment from the NL Partnership for $1,300 settled in cash.
The following table provides the total dollar amount for income statement transactions that have been entered into with the NL Partnership and its affiliates during the year ended:
 
 
December 31, 2019

 
December 31, 2018

Revenue
 
$
597

 
$
677

Management fee revenue
 
2,482

 
345


The Company’s revenue generated from joint ventures and affiliates are related to heavy construction and mining services. The Company receives management fee revenue from its investment in joint ventures and affiliates pursuant management agreements in place for certain services provided. These transactions were conducted in the normal course of operations, which were established and agreed to as consideration by the related parties.
The following table provides the balance sheet balances with the NL Partnership and its affiliates:
 
 
December 31, 2019

 
December 31, 2018

Accounts receivable
 
$
1,202

 
$
3,074

Accounts payable and accrued liabilities
 
251

 
13


Accounts receivable, accounts payable and accrued liabilities amounts are unsecured and without fixed terms of repayment. Accounts receivable from certain joint ventures and affiliates bear interest at various rates, and all other accounts receivable amounts are non-interest bearing.