Quarterly report pursuant to Section 13 or 15(d)

Assets Held for Sale (Tables)

v3.23.1
Assets Held for Sale (Tables)
 3 Months Ended
Mar. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Disposal Groups, Including Discontinued Operations
The following presents the major classes of assets and liabilities for the IPA reporting unit held for sale:

As of March 31, 2023
As of December 31, 2022
(in thousands) $ $
Cash and cash equivalents 52,131  60,745 
Prepayments and contract assets 413  396 
Right of use assets - Non-current 1,277  1,319 
Trade and other receivables 7,371  9,529 
Property, plant and equipment 201  221 
Goodwill 32,444  32,444 
Other intangible assets 14,960  14,960 
Assets held for sale 108,797  119,614 
Trade and other payables 10,241  8,493 
Accruals and other liabilities 3,071  3,479 
Claims payable 45,317  41,650 
Lease liabilities - Non-current 1,470  1,374 
Premium Deficiency Reserve - Current 10,252  14,736 
Liabilities held for sale 70,351  69,732 

The IPA Business had the following pre-tax losses for each three months ended March 31:

(in thousands)
IPA Business Net loss from operations before income taxes $
2023 (7,989)
2022 (443)
As of March 29, 2023
(in thousands)
$
Cash and cash equivalents (158)
Prepayments and contract assets (996)
Right of use assets - Non-current (1,466)
Trade and other receivables (3,461)
Accruals and other liabilities 2,476 
Contract liabilities – Current 686 
Lease liabilities - Current 190 
Lease liabilities - Non-current 1,317 
Net assets and liabilities derecognized (1,412)
Consideration received 766 
Loss on disposal (646)