Significant accounting policies (Tables) - Li Cycle Holdings Corp [Member]

12 Months Ended

Oct. 31, 2021

Statement [Line Items]

Summary of Principal subsidiaries and their geographic location

The Company’s principal subsidiaries and their geographic location as at October 31, 2021 was as follows:

Company	Location	Ownership interest
Li-Cycle U.S. Holdings Inc.	Delaware, U.S.		100	%
Li-Cycle Inc.	Delaware, U.S.		100	%
Li-Cycle North America Hub, Inc.	Delaware, U.S.		100	%
Li-Cycle Americas Corp.	Ontario, Canada		100	%
Li-Cycle Corp.	Ontario, Canada		100	%
Li-Cycle Europe AG	Switzerland		100	%
Li-Cycle APAC PTE LTD.	Singapore		100	%

Summary of detailed information about estimated useful lives property plant and machinery

The estimated useful lives are reviewed each reporting period and any changes are accounted for on a prospective basis. The estimated useful lives are as follows:

Computers	3 years
Vehicles	5 years
Plant equipment	5 years
Storage containers	10 years
Leasehold improvements	Shorter of term of lease or estimated useful life

Summary of classification and measurement basis of financial instruments

The classification and measurement basis of the Company’s financial instruments are as follows:

Financial Instrument	Measurement
Cash and cash equivalents	Amortized cost
Trade accounts receivables	FVTPL
Other accounts receivables	Amortized cost
Accounts payable and accrued liabilities	Amortized cost
Restricted share units	FVTPL
Warrants	FVTPL
Loans payable	Amortized cost
Lease liabilities	Amortized cost
Convertible debt	Amortized cost
Conversion feature of convertible debt	FVTPL

Summary of office and administrative and travel and entertainment

	2020 $		2019 $
Office and administrative		316,401		355,361
Travel and entertainment		160,332		137,943
		476,733		493,304