| Schedule of Interests in Other Entities |
| | | | | | | | | | | | | December 31, 2022 | | December 31, 2021 | | Investment in Weichai Ballard JV (note 4) | $ | 24,026 | | | $ | 28,982 | | | Investment in Synergy Ballard JVCo (note 4) | — | | | — | | | Investment in Forsee Power | 18,470 | | | 33,335 | | | Investment in Wisdom Motor | 10,000 | | | — | | | Investment in Quantron AG | 5,333 | | | — | | | Investment in HyCap Fund I SCSp | 7,963 | | | 7,636 | | | Investment in CleanH2 Fund | 565 | | | 339 | | | $ | 66,357 | | | $ | 70,292 | |
| | | | | | | | | | | | | Investment in Weichai Ballard JV | December 31,
2022 | | December 31,
2021 | | Beginning balance | $ | 28,982 | | | $ | 27,561 | | | Capital contribution to JV | 9,272 | | | 12,351 | | | | | | Recognition of 49% profit on inventory not yet sold to third party, net | 549 | | | 3,909 | | | Equity in loss | (11,599) | | | (16,084) | | | Cumulative translation adjustment due to foreign exchange | (3,178) | | | 1,245 | | | Ending balance | $ | 24,026 | | | $ | 28,982 | |
The following tables summarize the financial information of Weichai Ballard JV as included in its own financial statements as of December 31, 2022, adjusted for foreign exchange differences, the application of the Corporation's accounting policies, and the Corporation's incorporation costs. | | | | | | | | | | | | | December 31,
2022 | | December 31, 2021 | Percentage ownership interest (49%) | | | | | Current assets | $ | 80,088 | | | $ | 104,907 | | | Non-current assets | 2,618 | | | 2,339 | | | Current liabilities | (23,460) | | | (36,385) | | | Non-current liabilities | (2,314) | | | (2,861) | | | Net assets (100%) | 56,932 | | | 68,000 | | Corporation's share of net assets (49%) | 27,895 | | | 33,320 | | | Incorporation costs | 324 | | | 324 | | | Elimination of unrealized profit on downstream sales, net of sale to third party | (4,193) | | | (4,662) | | | Carrying amount of investment in Weichai Ballard JV | $ | 24,026 | | | $ | 28,982 | |
14. Investments: Investment in Weichai Ballard JV (cont'd) | | | | | | | | | | | | | | December 31, | | December 31, | | | 2022 | | 2021 | | | Revenue (100%) | $ | 6,476 | | | $ | 38,260 | | | | Net loss (100%) | 23,672 | | | 32,825 | | | Corporation's share of net loss (49%) | $ | 11,599 | | | $ | 16,084 | | |
Investment in Synergy Ballard JVCo | | | | | | | | | | | | | Investment in Synergy Ballard JVCo | December 31,
2022 | | December 31,
2021 | | Beginning balance | $ | — | | | $ | — | | Recognition of 10% profit on inventory sold to third party, net | 18 | | | 56 | | | Equity in loss | (18) | | | (56) | | | Ending balance | $ | — | | | $ | — | |
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| Schedule of Equity- Accounted Investments |
In addition to the above equity-accounted investments, the Corporation has also acquired ownership interest in various other investments. | | | | | | | | | | | | | | | | Net carrying value | December 31, 2021 | Contributions | Change in Fair Value | December 31, 2022 | | Long-term investment - Forsee Power | $ | 33,335 | | $ | — | | $ | (14,865) | | $ | 18,470 | | | Long-term investment - Wisdom Motor | — | | 10,000 | | — | | 10,000 | | | Long-term investment - Quantron AG | — | | 5,183 | | 150 | | 5,333 | | | Long-term investment - HyCap Fund | 7,636 | | 1,924 | | (1,597) | | 7,963 | | | Long-term investment - Clean H2 Fund | 339 | | 806 | | (580) | | 565 | | | $ | 41,310 | | $ | 17,913 | | $ | (16,892) | | $ | 42,331 | |
| | | | | | | | | | | | | | | | Net carrying value | December 31, 2020 | Contributions | Change in Fair Value | December 31, 2021 | | Long-term investment - Forsee Power | $ | — | | $ | 43,809 | | $ | (10,474) | | $ | 33,335 | | | Long-term investment - HyCap Fund | — | | 7,610 | | 26 | | 7,636 | | | Long-term investment - Clean H2 Fund | — | | 338 | | 1 | | 339 | | | $ | — | | $ | 51,757 | | $ | (10,447) | | $ | 41,310 | |
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