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ALLOWANCE FOR CREDIT LOSSES
12 Months Ended
Dec. 31, 2021
ALLOWANCE FOR CREDIT LOSSES  
ALLOWANCE FOR CREDIT LOSSES

3. ALLOWANCE FOR CREDIT LOSSES

Allowance for credit losses is comprised of allowances for accounts receivable trade, advances to suppliers and other receivables. Other receivables was included as a component of prepaid expenses and other current assets.

Accounts receivable trade, net consisted of the following:

At December 31, 

At December 31, 

    

2020

    

2021

$

$

Accounts receivable trade, gross

 

449,251

 

698,498

Allowance for credit losses

 

(40,293)

 

(47,126)

Accounts receivable trade, net

 

408,958

 

651,372

Advances to suppliers, net consisted of the following:

At December 31, 

At December 31, 

    

2020

    

2021

$

$

Advances to suppliers, gross

 

299,019

 

279,800

Allowance for credit losses

 

(19,700)

 

(19,682)

Advances to suppliers, net

 

279,319

 

260,118

Other receivable, net consisted of the following:

At December 31, 

At December 31, 

    

2020

    

2021

$

$

Other receivable, gross

 

238,779

 

280,350

Allowance for credit losses

 

(8,802)

 

(9,397)

Other receivable, net

 

229,977

 

270,953

3. ALLOWANCE FOR CREDIT LOSSES (Continued)

The following table presents the change in the allowances for credit losses related to the Company’s accounts receivable trade and advances to suppliers:

Advances to 

Accounts Receivable 

Suppliers and

    

Trade

    

Other Receivable

 

$

 

$

Balance as of December 31, 2018

32,733

30,630

Allowances made (reversed) during the year, net

(1,386)

2,657

Accounts written-off against allowances

(309)

(1,452)

Foreign exchange effect

(1,493)

(123)

Balance as of December 31, 2019

29,545

31,712

Cumulative-effect adjustment for the adoption of ASU 2016-13

Provision for credit losses, net

9,785

1,647

Writeoffs

(639)

(5,490)

Foreign exchange effect

1,602

633

Balance as of December 31, 2020

40,293

28,502

Provision for credit losses, net

7,171

444

Writeoffs

(197)

(53)

Foreign exchange effect

(141)

186

Balance as of December 31, 2021

47,126

29,079