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Loans receivable (Tables)

12 Months Ended

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