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Loans receivable (Tables) | 12 Months Ended
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Dec. 31, 2019
Loans Receivable Tables Abstract |
Schedule of Gross Loans Receivable |
|  | December 31, 2019 |  |  | December 31, 2018 |
Current |  |  | 69,949 |  |  |  | 62,439 |
Non-Current |  |  | 34,726 |  |  |  | 39,317 |
|  |  | 104,675 |  |  |  | 101,756 |
Schedule of Age Analysis of Loans Receivable |
As at December 31, 2019 |
Risk Category |  | Days past due |  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | Total |
Strong |  | Not past due |  |  | 87,910 |  |  |  | - |  |  |  | - |  |  |  | 87,910 |
Satisfactory |  | 1-30 days past due |  |  | 3,240 |  |  |  | - |  |  |  | - |  |  |  | 3,240 |
Lower risk |  | 31-60 days past due |  |  | - |  |  |  | 1,650 |  |  |  | - |  |  |  | 1,650 |
Higher risk |  | 61-90 days past due |  |  | - |  |  |  | 1,289 |  |  |  | - |  |  |  | 1,289 |
Non-performing |  | 91+ days past due or bankrupt |  |  | - |  |  |  | - |  |  |  | 10,586 |  |  |  | 10,586 |
|  | Gross loans receivable |  |  | 91,150 |  |  |  | 2,939 |  |  |  | 10,586 |  |  |  | 104,675 |
|  | Allowance for loan losses |  |  | (7,477 | ) |  |  | (1,784 | ) |  |  | (6,759 | ) |  |  | (16,020 | )
|  | Loans receivable, net |  |  | 83,673 |  |  |  | 1,155 |  |  |  | 3,827 |  |  |  | 88,655 |
|  |  |  | As at December 31, 2018 |
Risk Category |  | Days past due |  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | Total |
Strong |  | Not past due |  |  | 88,035 |  |  |  | - |  |  |  | - |  |  |  | 88,035 |
Satisfactory |  | 1-30 days past due |  |  | 3,097 |  |  |  | - |  |  |  | - |  |  |  | 3,097 |
Lower risk |  | 31-60 days past due |  |  | - |  |  |  | 1,838 |  |  |  | - |  |  |  | 1,838 |
Higher risk |  | 61-90 days past due |  |  | - |  |  |  | 1,240 |  |  |  | - |  |  |  | 1,240 |
Non-performing |  | 91+ days past due or bankrupt |  |  | - |  |  |  | - |  |  |  | 7,546 |  |  |  | 7,546 |
|  | Gross loans receivable |  |  | 91,132 |  |  |  | 3,078 |  |  |  | 7,546 |  |  |  | 101,756 |
|  | Allowance for loan losses |  |  | (6,951 | ) |  |  | (2,118 | ) |  |  | (6,340 | ) |  |  | (15,409 | )
|  | Loans receivable, net |  |  | 84,181 |  |  |  | 960 |  |  |  | 1,206 |  |  |  | 86,347 |
Schedule of Allowance for Loan Losses |
|  | As at December 31, 2019 |
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | Total |
Balance as at January 1, 2019 |  |  | 6,951 |  |  |  | 2,118 |  |  |  | 6,340 |  |  |  | 15,409 |
Gross loans originated |  |  | 4,296 |  |  |  | - |  |  |  | - |  |  |  | 4,296 |
Principal payments |  |  | (2,536 | ) |  |  | (449 | ) |  |  | (912 | ) |  |  | (3,897 | )
Re-measurement of allowance before transfers |  |  | 523 |  |  |  | (197 | ) |  |  | (20 | ) |  |  | 306 |
Re-measurement of amounts transferred between stages |  |  | (84 | ) |  |  | 1,528 |  |  |  | 17,750 |  |  |  | 19,194 |
Transfer to (from) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stage 1 – 12 month ECLs |  |  | 96 |  |  |  | (76 | ) |  |  | (20 | ) |  |  | - |
Stage 2 - Lifetime ECLs |  |  | (238 | ) |  |  | 240 |  |  |  | (2 | ) |  |  | - |
Stage 3 - Lifetime ECLs |  |  | (1,529 | ) |  |  | (1,381 | ) |  |  | 2,910 |  |  |  | - |
Net amounts written off against allowance |  |  | - |  |  |  | - |  |  |  | (19,288 | ) |  |  | (19,288 | )
Balance as at December 31, 2019 |  |  | 7,479 |  |  |  | 1,783 |  |  |  | 6,758 |  |  |  | 16,020 |
|  | As at December 31, 2018 |
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | Total |
Balance as at January 1, 2018 |  |  | 6,853 |  |  |  | 1,579 |  |  |  | 4,137 |  |  |  | 12,569 |
Gross loans originated |  |  | 6,519 |  |  |  | - |  |  |  | - |  |  |  | 6,519 |
Principal payments |  |  | (2,999 | ) |  |  | 348 |  |  |  | (1,084 | ) |  |  | (3,735 | )
Re-measurement of allowance before transfers |  |  | (1,853 | ) |  |  | (525 | ) |  |  | (14 | ) |  |  | (2,392 | )
Re-measurement of amounts transferred between stages |  |  | (34 | ) |  |  | 1,846 |  |  |  | 16,202 |  |  |  | 18,014 |
Transfer to (from) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stage 1 – 12 month ECLs |  |  | 39 |  |  |  | (24 | ) |  |  | (15 | ) |  |  | - |
Stage 2 - Lifetime ECLs |  |  | (270 | ) |  |  | 270 |  |  |  | - |  |  |  | - |
Stage 3 - Lifetime ECLs |  |  | (1,303 | ) |  |  | (1,377 | ) |  |  | 2,680 |  |  |  | - |
Net amounts written off against allowance |  |  | - |  |  |  | - |  |  |  | (15,566 | ) |  |  | (15,566 | )
Balance as at December 31, 2018 |  |  | 6,952 |  |  |  | 2,117 |  |  |  | 6,340 |  |  |  | 15,409 |
The overall changes in the allowance for loan losses are summarized below:
Allowance for loan losses |  | Year ended December 31, 2019 |  |  | Year ended December 31, 2018 |
Balance, beginning of period |  |  | 15,409 |  |  |  | 7,434 |
January 1, 2018 IFRS 9 adjustment |  |  | - |  |  |  | 5,135 |
Provision for loan losses |  |  | 19,899 |  |  |  | 18,406 |
Charge offs |  |  | (19,288 | ) |  |  | (15,566 | )
Balance, end of period |  |  | 16,020 |  |  |  | 15,409 |

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