v3.22.4
Significant accounting policies (Tables)
 12 Months Ended
Dec. 31, 2022
Corporate Information And Statement Of IFRS Compliance [Abstract]  
Schedule of Subsidiaries
The consolidated financial statements include the accounts of the Corporation and its principal subsidiaries as follows:
Percentage ownership
20222021
Ballard Motive Solutions100 %100 %
Guangzhou Ballard Power Systems Co., Ltd.100 %100 %
Ballard Power Systems Europe A/S100 %100 %
Ballard Hong Kong Ltd.100 %100 %
Ballard US Inc. 100 %100 %
Ballard Services Inc.100 %100 %
Ballard Fuel Cell Systems Inc.100 %100 %
Ballard Power Corporation100 %100 %
Schedule of Detailed Information About Property, Plant and Equipment
The estimated useful lives of property, plant and equipment for current and comparative periods are as follows:
Computer equipment
3 to 10 years
Furniture and fixtures
5 to 10 years
Leasehold improvementsThe shorter of initial term of the respective lease and
estimated useful life
Production and test equipment
4 to 15 years
December 31, 2022December 31, 2021
Property, plant and equipment owned$70,344 $43,855 
Right-of-use assets12,017 12,206 
$82,361 $56,061 
Property, plant and equipment owned:
Net carrying amountsDecember 31, 2022December 31, 2021
Computer equipment$1,207 $1,599 
Furniture and fixtures1,323 762 
Leasehold improvements1,550 1,518 
Production and test equipment66,264 39,976 
$70,344 $43,855 
CostDecember 31, 2021AdditionsImpairmentTransfersEffect of movements in exchange ratesDecember 31, 2022
Computer equipment$6,852 $181 $— $(290)$(2)$6,741 
Furniture and fixtures1,914 700 — (208)— 2,406 
Leasehold improvements9,450 388 — (185)(3)9,650 
Production and test equipment77,644 32,663 (7)(1,109)11 109,202 
$95,860 $33,932 $(7)$(1,792)$6 $127,999 
During the year ended December 31, 2022, an impairment loss of $7,000 (2021 - $263,000) was recorded for production and test equipment that was never placed in service and was determined not required to support the Corporation's future manufacturing or testing capabilities.
11.    Property, plant and equipment (cont'd):
Property, plant and equipment owned (cont'd):
Accumulated depreciationDecember 31, 2021DepreciationTransfersEffect of movements in exchange ratesDecember 31, 2022
Computer equipment$5,253 $574 $(290)$(3)$5,534 
Furniture and fixtures1,152 139 (208)— 1,083 
Leasehold improvements7,932 353 (185)— 8,100 
Production and test equipment37,668 6,368 (1,109)11 42,938 
$52,005 $7,434 $(1,792)$8 $57,655 
CostDecember 31, 2020AdditionsAdditions through AcquisitionImpairmentTransfersEffect of movements in exchange ratesDecember 31, 2021
Computer equipment$6,635 $442 $— $— $(225)$— $6,852 
Furniture and fixtures1,754 164 — — (4)— 1,914 
Leasehold improvements9,196 274 — — (18)(2)9,450 
Production and test equipment66,392 12,278 16 (263)(775)(4)77,644 
$83,977 $13,158 $16 $(263)$(1,022)$(6)$95,860 
During 2021, additions through acquisition of property, plant and equipment related to the acquisition of Ballard Motive Solutions on November 11, 2021.
Accumulated depreciationDecember 31, 2020DepreciationTransfersEffect of movements in exchange ratesDecember 31, 2021
Computer equipment$4,789 $654 $(175)$(15)$5,253 
Furniture and fixtures1,097 63 (4)(4)1,152 
Leasehold improvements7,638 331 (18)(19)7,932 
Production and test equipment33,893 4,607 (825)(7)37,668 
$47,417 $5,655 $(1,022)$(45)$52,005 
Schedule of Quantitative Information About Right-of-Use Assets
Leased assets are depreciated over the shorter of the lease term or their useful lives unless it is reasonably certain that the Corporation will obtain ownership by the end of the lease term.
Right-of-use asset - Property
1 to 7 years
Right-of-use asset - Office equipment
4 to 5 years
Right-of-use asset - Vehicles
1 to 5 years
he Corporation leases certain assets under lease agreements, comprising primarily of leases of land and buildings, office equipment and vehicles (note 19).
Net carrying amountsDecember 31, 2022December 31, 2021
Property$11,487 $11,837 
Equipment116 139 
Vehicle414 230 
$12,017 $12,206 
11.    Property, plant and equipment (cont'd):
Right-of-use assets (cont'd):
CostDecember 31, 2021AdditionsDe-recognitionTransferEffect of movements in exchange ratesDecember 31, 2022
Property$26,427 $2,746 $— $(341)$12 $28,844 
Equipment175 13 — — — 188 
Vehicle372 290 (25)— — 637 
$26,974 $3,049 $(25)$(341)$12 $29,669 
Accumulated depreciationDecember 31, 2021DepreciationDe-recognitionTransferEffect of movements in exchange ratesDecember 31, 2022
Property$14,590 $3,108 $— $(341)$— $17,357 
Equipment36 36 — — — 72 
Vehicle142 87 (6)— — 223 
$14,768 $3,231 $(6)$(341)$— $17,652 

CostDecember 31, 2020AdditionsAdditions through acquisitionTransferEffect of movements in exchange ratesDecember 31, 2021
Property$24,665 $1,967 $— $(137)$(68)$26,427 
Equipment149 46 — (22)2 175 
Vehicle208 — 174 — (10)372 
$25,022 $2,013 $174 $(159)$(76)$26,974 
During 2021, additions through acquisition of right-of-use assets related to the acquisition of Ballard Motive Solutions on November 11, 2021.
Accumulated depreciationDecember 31, 2020DepreciationTransferEffect of movements in exchange ratesDecember 31, 2021
Property$12,128 $2,633 $(137)$(34)$14,590 
Equipment28 28 (22)2 36 
Vehicle92 54 — (4)142 
$12,248 $2,715 $(159)$(36)$14,768 
Schedule of Recognition and Measurement of Goodwill and Intangible Assets Recognition and measurement
GoodwillGoodwill arising on the acquisition of subsidiaries is measured at cost less accumulated impairment losses.
Research and developmentExpenditure on research activities is recognized in profit or loss as incurred.
Development expenditure is capitalized only if the expenditure can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable and the Corporation intends to and has sufficient resources to complete development and to use or sell the asset. Otherwise, it is recognized in profit or loss as incurred. Subsequent to initial recognition, development expenditure is measured at cost less accumulated amortization and any accumulated impairment losses.
Intangible assetsIntangible assets, including patents, know-how, in-process research and development, trademarks and service marks, customer contracts and relationships, non-compete agreements, and software systems that are acquired or developed by the Corporation and have finite useful lives are measured at cost less accumulated amortization and any accumulated impairment losses.
Schedule of Intangible Assets with Indefinite Useful Life
The estimated useful lives for current and comparative periods are as follows:
Acquired patents, know-how and in-process research & development
5 to 20 years
ERP management reporting software system
5 to 10 years
Acquired customer contracts and relationships
7 to 10 years
Acquired non-compete agreements
1 to 3 years
Domain names
15 years
Acquired trademarks and service marks
15 years
Internally generated fuel cell intangible assets
3 to 5 years