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Loans receivable (Tables) | 12 Months Ended
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Dec. 31, 2020
Loans Receivable Tables [Abstract] |
Schedule of Gross Loans Receivable |
|  | December 31, 2020 |  |  | December 31, 2019 |
Current (terms of one year or less) |  |  | 54,978 |  |  |  | 69,949 |
Non-Current (terms exceeding one year) |  |  | 1,135 |  |  |  | 34,726 |
|  |  | 56,113 |  |  |  | 104,675 |
Schedule of Age Analysis of Loans Receivable |
|  |  |  | As at December 31, 2020 |
Risk Category |  | Days past due |  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | Total |
Strong |  | Not past due |  |  | 47,590 |  |  |  | — |  |  |  | — |  |  |  | 47,590 |
Lower risk |  | 1-30 days past due |  |  | 1,571 |  |  |  | — |  |  |  | — |  |  |  | 1,571 |
Medium risk |  | 31-60 days past due |  |  | — |  |  |  | 720 |  |  |  | — |  |  |  | 720 |
Higher risk |  | 61-90 days past due |  |  | — |  |  |  | 415 |  |  |  | — |  |  |  | 415 |
Non-performing |  | 91+ days past due or bankrupt |  |  | — |  |  |  | — |  |  |  | 5,817 |  |  |  | 5,817 |
|  | Gross loans receivable |  |  | 49,161 |  |  |  | 1,135 |  |  |  | 5,817 |  |  |  | 56,113 |
|  | Allowance for loan losses |  |  | (5,425 | ) |  |  | (772 | ) |  |  | (2,689 | ) |  |  | (8,886 | )
|  | Loans receivable, net |  |  | 43,736 |  |  |  | 363 |  |  |  | 3,128 |  |  |  | 47,227 |
4. | Loans receivable (Continued from previous page)
|  |  |  | 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 |
Lower risk |  | 1-30 days past due |  |  | 3,240 |  |  |  | — |  |  |  | — |  |  |  | 3,240 |
Medium 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 |
Schedule of Allowance for Loan Losses |
|  | As at December 31, 2020 |
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | Total |
Balance as at January 1, 2020 |  |  | 7,479 |  |  |  | 1,783 |  |  |  | 6,758 |  |  |  | 16,020 |
Gross loans originated |  |  | 1,346 |  |  |  | — |  |  |  | — |  |  |  | 1,346 |
Principal payments |  |  | (2,448 | ) |  |  | (476 | ) |  |  | (838 | ) |  |  | (3,762 | )
Derecognition of allowance associated with Liquid Sale |  |  | (1,575 | ) |  |  | (247 | ) |  |  | (309 | ) |  |  | (2,131 | )
Re-measurement of allowance before transfers |  |  | 1,702 |  |  |  | 128 |  |  |  | 532 |  |  |  | 2,362 |
Re-measurement of amounts transferred between stages |  |  | (145 | ) |  |  | 636 |  |  |  | 9,014 |  |  |  | 9,505 |
Transfer to (from) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stage 1 – 12 month ECLs |  |  | 173 |  |  |  | (122 | ) |  |  | (51 | ) |  |  | — |
Stage 2 - Lifetime ECLs |  |  | (124 | ) |  |  | 125 |  |  |  | (1 | ) |  |  | — |
Stage 3 - Lifetime ECLs |  |  | (983 | ) |  |  | (1,055 | ) |  |  | 2,038 |  |  |  | — |
Net amounts written off against allowance |  |  |  |  |  |  |  |  |  |  | (14,454 | ) |  |  | (14,454 | )
Balance as at December 31, 2020 |  |  | 5,425 |  |  |  | 772 |  |  |  | 2,689 |  |  |  | 8,886 |
4. | Loans receivable (Continued from previous page)
|  | 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 |
The overall changes in the allowance for loan losses are summarized below:
Allowance for loan losses |  | Year ended December 31, 2020 |  |  | Year ended December 31, 2019 |
Balance, beginning of period |  |  | 16,020 |  |  |  | 15,409 |
Derecognition of allowance associated with loan sale |  |  | (2,131 | ) |  |  | — |
Provision for loan losses |  |  | 9,451 |  |  |  | 19,899 |
Charge offs |  |  | (14,454 | ) |  |  | (19,288 | )
Balance, end of period |  |  | 8,886 |  |  |  | 16,020 |
Schedule of Primary Forward Looking Indicators Used in Determination of Probability Weighted Allowance | The following table shows the primary FLIs used in the determination of the probability weighted allowance in each of the scenarios relative to the base case.
|  | Optimistic forecast |  |  | Neutral forecast |  |  | Pessimistic forecast |
Increase in delinquent loans going into collections |  |  | 5 | % |  |  | 7 | % |  |  | 13 | %
Decrease in collection efficiency |  |  | 5 | % |  |  | 10 | % |  |  | 15 | %

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