v3.22.4
Lease liability
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Lease liability Lease liability:
The Corporation leases certain assets under lease agreements. The lease liability consists primarily of leases of land and buildings, office equipment and vehicles. The leases have interest rates ranging from 2.95% to 8.28% per annum and expire between January 2023 and June 2032.
December 31, 2022December 31, 2021
Property$3,743 $3,117 
Equipment39 38 
Vehicle113 83 
Lease Liability, Current$3,895 $3,238 
Property$11,505 $13,647 
Equipment73 105 
Vehicle258 130 
Lease Liability, Non-current$11,836 $13,882 
Lease Liability$15,731 $17,120 
The Corporation is committed to minimum lease payments as follows:
Maturity AnalysisDecember 31, 2022
Less than one year$4,854 
Between one and five years12,794 
More than five years548 
Total undiscounted lease liabilities$18,196 
During the year ended December 31, 2022, the Corporation made principal payments on its lease liabilities of $3,322,000 (2021 - $2,798,000).
Deferred gains were also recorded on closing of the finance lease agreement and are amortized over the lease term. At December 31, 2022, the outstanding deferred gain was $902,000 (2021 – $1,318,000).