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Cash and cash equivalents and Restricted cash

12 Months Ended

Dec. 31, 2023

Cash and cash equivalents [abstract]

Cash and cash equivalents and Restricted cash

3.    Cash and cash equivalents and Restricted cash

For the purpose of the consolidated statement of financial position, cash and cash equivalents comprise the following:


	December 31,
	2023		2022
Cash on hand	11		36
Cash at banks	74,191		52,797
Total	74,202		52,833

Cash held in banks earns interest at floating rates based on daily bank deposit rates.

The fair value of cash and cash equivalents as at December 31, 2023 and 2022, was $74,202 and $52,833, respectively.

As at December 31, 2023 and 2022, the Company had pledged an amount of $3,620 and $5,968, respectively, in order to fulfill collateral requirements. The fair value of the restricted cash as at December 31, 2023 was $3,620, $3,530 included in non-current assets and $90 included in current assets as at December 31, 2023. The fair value of the restricted cash as at December 31, 2022 was $5,968, $3,590 included in non-current assets and $2,378 included in current assets as at December 31, 2022. The cash and cash equivalents are held with reputable bank and financial institution counterparties with high ratings.