| Schedule of Interests in Other Entities |
| | | | | | | | | | | | | Investment in Weichai Ballard JV | December 31,
2023 | | December 31,
2022 | | Beginning balance | $ | 24,026 | | | $ | 28,982 | | | Capital contribution to JV | — | | | 9,272 | | | | | | Recognition of 49% profit on inventory not yet sold to third party, net | 1,205 | | | 549 | | | Equity in loss | (9,931) | | | (11,599) | | | Cumulative translation adjustment due to foreign exchange | (1,399) | | | (3,178) | | | Ending balance | $ | 13,901 | | | $ | 24,026 | |
The following tables summarize the financial information of Weichai Ballard JV as included in its own financial statements as of December 31, 2023, adjusted for foreign exchange differences, the application of the Corporation's accounting policies, and the Corporation's incorporation costs. | | | | | | | | | | | | | December 31,
2023 | | December 31, 2022 | Percentage ownership interest (49%) | | | | | Current assets | $ | 63,023 | | | $ | 80,088 | | | Non-current assets | 132 | | | 2,618 | | | Current liabilities | (29,265) | | | (23,460) | | | Non-current liabilities | — | | | (2,314) | | | Net assets (100%) | 33,890 | | | 56,932 | | Corporation's share of net assets (49%) | 16,607 | | | 27,895 | | | Incorporation costs | 324 | | | 324 | | | Elimination of unrealized profit on downstream sales, net of sale to third party | (3,030) | | | (4,193) | | | Carrying amount of investment in Weichai Ballard JV | $ | 13,901 | | | $ | 24,026 | |
13. Equity-accounted Investments (cont'd): Investment in Weichai Ballard JV (cont'd) | | | | | | | | | | | | | | December 31, | | December 31, | | | 2023 | | 2022 | | | Revenue (100%) | $ | 12,705 | | | $ | 6,476 | | | | Net loss (100%) | 20,268 | | | 23,672 | | | Corporation's share of net loss (49%) | $ | 9,931 | | | $ | 11,599 | | |
Investment in Synergy Ballard JVCo | | | | | | | | | | | | | Investment in Synergy Ballard JVCo | December 31,
2023 | | December 31,
2022 | | Beginning balance | $ | — | | | $ | — | | Recognition of 10% profit on inventory sold to third party, net | 200 | | | 18 | | | Equity in loss | (200) | | | (18) | | | Ending balance | $ | — | | | $ | — | |
On completion of an Equity Transfer Agreement in October 2023, the Corporation disposed of its 10% investment in Synergy Ballard JVCo valued at $nil as of December 31, 2023. All remaining deferred revenue and profit on past downstream transactions totalling $736,000 were fully recognized in the year ended December 31, 2023 .
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