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Trade Receivables

12 Months Ended

Dec. 31, 2023

Trade Receivables.

Trade Receivables

Note 7. Trade Receivables


As at December 31:		2023			2022
Trade receivables, gross amount		$	1,924		$	3,845
Less: Allowance for expected credit losses			(17)			(16)
Trade receivables, net amount		$	1,907		$	3,829

All trade receivables comprise accounts from contracts with customers.

Note 7. Trade Receivables (continued)

As at December 31, 2023, the Group recognized a loss allowance of $17 (2022: $16) against its trade receivables. The movements in the loss allowance during the years ended December 31, 2023 and 2022 were as follows:


		Equal to lifetime expected credit losses
		Financial assets that
		are credit-impaired
		at year-end
Loss allowance: as at January 1, 2022		$	136
Additions for the year			2
Charge-off for the year			(121)
Exchange effect			(1)
Loss allowance: as at December 31, 2022			16
Additions for the year			292
Charge-off for the year			(291)
Exchange effect			—
Loss allowance: as at December 31, 2023		$	17

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 25.