Alithya(ALYA) - 2020 Q4 - Annual Report

Financial Position - As of March 31, 2020, Alithya's credit facility balance was $37,615,000, an increase from $24,949,000 in 2019[213] - The total carrying amount of accounts payable and accrued liabilities was $28,970,000 as of March 31, 2020[217] - Alithya has an unused capacity of approximately $22,000,000 under its authorized secured senior revolving credit facility of $60,000,000[215] Currency Risk - Alithya's net statement of financial position exposure to currency risk was $(13,676,000) as of March 31, 2020, compared to $(17,576,000) in 2019[226] - A 8% strengthening of the USD against the Canadian dollar would result in a profit decrease of $1,087,000 for the year ended March 31, 2020[227] Liquidity and Risk Management - Alithya's liquidity risk management includes maintaining an optimal level of liquidity through active management of assets and liabilities[215] - The company has not recognized significant impairment losses in profit or loss for both 2020 and 2019[220] - Alithya's credit risk exposure remains relatively low, with no significant write-offs historically[221] - The company has established a credit policy to prioritize the collection of accounts receivable[222] Financial Instruments - Alithya's financial instruments include cash, short-term deposits, accounts receivable, and long-term debt, exposing it to interest rate, credit, liquidity, and currency risks[211]