4.Accounts Receivable, Net
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
|
|
2021(1) |
|
|
2022(1) |
|
|
|
(US$ thousand) |
|
Accounts receivable |
|
$ |
38,955 |
|
|
$ |
42,672 |
|
Less: allowance for current expected credit losses |
|
|
(6,336 |
) |
|
|
(9,869 |
) |
Accounts receivable, net |
|
$ |
32,619 |
|
|
$ |
32,803 |
|
Movement of allowance for credit losses was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31 |
|
|
|
2020 |
|
|
2021(1) |
|
|
2022(1) |
|
|
|
(US$ thousand) |
|
At beginning of the period |
|
$ |
(1,036 |
) |
|
$ |
(1,535 |
) |
|
$ |
(6,336 |
) |
Additional provisions |
|
|
(1,365 |
) |
|
|
(4,828 |
) |
|
|
(5,391 |
) |
Write-off |
|
|
921 |
|
|
|
97 |
|
|
|
1,210 |
|
Foreign currency translation impact |
|
|
(55 |
) |
|
|
(70 |
) |
|
|
648 |
|
At end of the period |
|
$ |
(1,535 |
) |
|
$ |
(6,336 |
) |
|
$ |
(9,869 |
) |
(1)The allowance for current expected credit losses reflects the Company’s estimated probable incurred losses upon adoption of ASC 326. See Note 2(j) for the Company’s CECL policy. |