Notes to the Consolidated Financial Statements
The Corporation extends credit to its customers in the normal course of business and is at risk of loss in the event of non-performance by counterparties on certain of the financial and derivative instruments. To reduce its credit risk, the Corporation has established policies and procedures to monitor and limit the amount of credit extended to its customers and counterparties and may require letters of credit and other forms of security. As at March 31, 2020, the maximum credit exposure to a single counterparty is $6 million (2019 - $9 million). The carrying amount of financial and derivative assets represents the maximum credit exposure as follows:
(millions)
2020
2019
$
1
Cash
$
6
155 136
Trade and other receivables
156 121
Debt retirement funds
15
Fair value of derivative instrument assets
41
$
307
$
324
At March 31, 2020, the exposure to credit risk for trade receivables by type of customer was as follows:
(millions)
2020
2019
$
89 31
Distribution customers
$
98 30
Transmission and storage customers
7
Asset optimization customers
4
28
Other customers
24
$
155
Trade and other receivables
$
156
10. RIGHT-OF-USE ASSETS
Computer Hardware Vehicles
(millions)
Buildings
Total
COST Balance, March 31, 2019 Transfers - IFRS 16 transition
$
-
$
- $
- $
-
19
7 1 8
3 2 5
9 1
4
Additions
23
Balance, March 31, 2020
10
ACCUMULATED DEPRECIATION Balance, March 31, 2019 Transfers - IFRS 16 transition
-
- -
-
-
3 5 8
1 1 2
2 1 3
Depreciation
3 3
Balance, March 31, 2020
CARRYING AMOUNTS Balance, March 31, 2019 Balance, March 31, 2020
$
-
$ $
- $ 5 $
- $ 3 $
-
$
15
7
p.73
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