XML 126 R32.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
OPERATING SEGMENTS (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure of operating segments [abstract]  
Disclosure of detailed information about revenue and expenses by reportable segments [Table Text Block]
For the year ended December 31, 2019:   Loyalty Currency Retailing     Platform Partners     Points Travel     Total  
Total revenue $ 391,045   $ 7,577   $ 2,555   $ 401,177  
Direct cost of revenue   335,032     665     25     335,722  
Gross profit   56,013     6,912     2,530     65,455  
Direct adjusted operating expenses   13,830     3,871     6,838     24,539  
Contribution $ 42,183   $ 3,041   $ (4,308 ) $ 40,916  
Indirect adjusted operating expenses1                     14,328  
Finance income                     (908 )
Finance costs                     211  
Equity-settled share-based payment expense                     5,172  
Income tax expense                     5,155  
Depreciation and amortization                     4,668  
Foreign exchange loss                     401  
Net income                   $ 11,889  
 
For the year ended December 31, 2018(a):
 
  Loyalty Currency Retailing     Platform Partners     Points Travel     Total  
Total revenue $ 366,421   $ 7,979   $ 1,845   $ 376,245  
Direct cost of revenue   321,615     615     111     322,341  
Gross profit   44,806     7,364     1,734     53,904  
Direct adjusted operating expenses   12,941     3,784     5,522     22,247  
Contribution $ 31,865   $ 3,580   $ (3,788 ) $ 31,657  
Indirect adjusted operating expenses1                     13,718  
Finance income                     (666 )
Equity-settled share-based payment expense                     4,381  
Income tax expense                     3,104  
Depreciation and amortization                     3,364  
Foreign exchange gain                     (36 )
Net income                   $ 7,792  

(a) The Corporation has initially applied IFRS 16 at January 1, 2019, using the modified retrospective approach. Under this approach comparative information is not restated. See Note 3(a).

1 Indirect adjusted operating expenses comprise costs that are shared among the Loyalty Currency Retailing, Platform Partners and Points Travel operating segments, including costs associated with various corporate functions, such as Finance, Human Resources, Legal and certain expenses associated with information technology infrastructure.

Disclosure of detailed information about revenues geographic information [Table Text Block]
For the year ended December 31   2019     2018  
Revenue                        
United States $ 358,993     90%   $ 331,625     88%  
Europe   21,832     5%     25,661     7%  
Other   20,352     5%     18,959     5%  
  $ 401,177     100%   $ 376,245     100%  
Disclosure of detailed information about contracted revenues to the remaining performance obligations [Table Text Block]
    Total     Year 1     Year 2     Year 3     Year 4     Year 5+  
                                     
Hosting and other $ 633   $ 259   $ 259   $ 115   $ -   $ -