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.
SCHEDULE
OF FOREIGN CURRENCY FINANCIAL ASSETS AND LIABILITIES
| | |
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:
SCHEDULE
OF CHANGES IN EXCHANGE RATES
| | |
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:
SCHEDULE OF CONTRACTUAL OBLIGATIONS
| 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 | |
| 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 | |
| Total | |
| 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.
SCHEDULE
OF COMPONENTS OF EQUITY DEFICIENCY, LOANS AND BORROWING, 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 | |
| Total liabilities and equity | |
| 39,650,716 | | |
| (3,736,478 | ) |
| Cash | |
| (5,162,991 | ) | |
| (1,990,203 | ) |
| Total | |
| 34,487,725 | | |
| (5,726,681 | ) |
|