Company: GGR
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001886190-25-000017
Chunk: 188

Company: Gogoro Inc.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 18
Chunk 188
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 impairment losses or the reversal of impairment losses.

4. CASH AND CASH EQUIVALENTS

                                                     As of December 31,                                              
                                                     2024                                 2023                       
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cash on hand                                       $                            97      $                     194  
  Checking accounts and demand deposits                                       44,330                         46,305  
  Time deposits                                                               72,294                        111,419  
  Repurchase agreements collateralized by bonds      427                                                     15,967  
                                                     $                       117,148      $                 173,885  
  Interest rates                                                                                                     
  Time deposits                                      0.68%- 6.50%                         0.55%- 6.50%               
  Repurchase agreements collateralized by bonds      0.73%- 0.73%                         0.63%- 0.65%               

5. TRADE RECEIVABLES

                                     As of December 31,                                        
                                     2024                                2023                  
 ───────────────────────────────────────────────────────────────────────────────────────────────
  At amortized cost                                                                            
  Trade receivables                  $                       18,689      $             18,650  
  Accumulated impairment losses      ( 1,712)                            ( 1,515)              
                                     $                       16,977      $             17,135  

The average credit period ranged from 15 30

The Company served a large consumer base for its battery swapping service which limited its concentration of credit risk. When having transactions with customers, the Company considered the record of arrears in the past. In addition, the Company had a suspension policy on battery swapping service whereby customers who have delinquent payments would be disallowed from continued charging.

In order to minimize credit risk, the management of the Company had delegated a team responsible for determining credit limits, credit approvals and other monitoring procedures to ensure that follow-up action is taken to recover overdue debts. In addition, the Company reviewed the recoverable amount of each individual trade debt at the end of the reporting period to ensure that adequate allowance is made for possible irrecoverable amounts which the management believes reduces the Company’s credit risk.

The Company measured the impairment losses of trade receivables at an amount equal to lifetime expected credit losses (“ ECL”). The expected credit losses on trade receivables were estimated using a provision matrix by referencing to past