RISK MANAGEMENT (Tables)

12 Months Ended

Dec. 31, 2022

Risk Management

SCHEDULE OF FOREIGN CURRENCY FINANCIAL ASSETS AND LIABILITIES

Foreign currency denominated financial assets and liabilities which expose the Company to currency risk are disclosed below. The amount shown are those reported and translated into CAD at the closing rate.

	Short -term exposure						Long-term exposure
	USD			BWP			BWP
December 31, 2022
Financial assets		2,834,303			473,980			32,058,793
Financial liabilities		(1,246,825	)		(2,176,110	)		(1,530,341	)
Total exposure		1,587,477			(1,702,130	)		30,528,452

	Short -term exposure						Long-term exposure
	USD			BWP			BWP
December 31, 2021
Financial assets		244,154			155,548			739,767
Financial liabilities		(34,231	)		(130,270	)		-
Total exposure		209,924			25,278			739,767

SCHEDULE OF CHANGES IN EXCHANGE RATES

If the CAD strengthened against the USD and BWP by 5% respectively, (2021 – 5 %), it would have had the following impact:

	Profit for the year								Long-term exposure profit for the year
	USD		BWP			Total			BWP
December 31, 2022		79,374		(85,106	)		(5,733	)		1,526,423
December 31, 2021		10,496		1,264			11,760			36,988

If the CAD weakened against the USD and BWP by 5% respectively, (2021 – 5 %), it would have had the following impact:

	Profit for the year									Long-term exposure profit for the year
	USD			BWP			Total			BWP
December 31, 2022		(79,374	)		85,106			5,733			(1,526,423	)
December 31, 2021		(10,496	)		(1,264	)		(11,760	)		(36,988	)

SCHEDULE OF CONTRACTUAL OBLIGATIONS

The following table shows the Company’s contractual obligations as at December 31, 2022:

December 31, 2022	Less than 1 year		1 - 2 years		2 - 5 years		Total
Trade payables and
accrued liabilities		4,450,966		-		-		4,450,966
Vehicle financing		50,291		50,291		64,062		164,644
Lease liability		1,365,697		1,365,697		-		2,731,394
		5,866,954		1,415,988		64,062		7,347,004

SCHEDULE OF COMPONENTS OF EQUITY DEFICIENCY, LOANS AND BORROWING, OTHER CURRENT LIABILITIES, NET OF CASH

In the management of capital, the Company includes the components of equity (deficiency), loans and borrowings, and other current liabilities, net of cash.

	December 31, 2022			December 31, 2021
Shareholder’s equity (deficiency)		27,188,344			(4,316,964	)
Current liabilities		12,462,372			580,486
		39,650,716			(3,736,478	)
Cash		(5,162,991	)		(1,990,203	)
		34,487,725			(5,726,681	)