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Trade Receivables

12 Months Ended

Dec. 31, 2022

Trade Receivables.

Trade Receivables

Note 7. Trade Receivables


As at December 31:		2022			2021
Trade receivables, gross amount		$	3,845		$	4,300
Less: Allowance for expected credit losses			(16)			(136)
Trade receivables, net amount		$	3,829		$	4,164

All trade receivables comprise accounts from contracts with customers.

As at December 31, 2022, the Group recognized a loss allowance of $16 (2021: $136) against its trade receivables. The movements in the loss allowance during the years ended December 31, 2022 and 2021 were as follows:


		Equal to lifetime expected credit Losses
		Financial assets that
		are credit-impaired
		at year-end
Loss allowance: as at January 1, 2021		$	48
Additions for the year			124
Charge-off for the year			(32)
Exchange effect			(4)
Loss allowance: as at December 31, 2021			136
Additions for the year			2
Charge-off for the year			(121)
Exchange effect			(1)
Loss allowance: as at December 31, 2022		$	16

Note 7. Trade Receivables (continued)

In accordance with IFRS 9, management reviews the expected credit losses based upon, among other things, the credit-worthiness of the exposure, collateral and other risk mitigation instruments, and the nature of the underlying business transaction.

For further discussions on credit risk, see Note 26.