27 unchanged sentences
The Company establishes an allowance for credit losses (“ACL”) that corresponds to the specific credit risk of its customers, historical trends and economic circumstances.
−Removed: The ACL as at February 28, 2022 was $4 million (February 28, 2021 - $10 million).
−Removed: There was no customer that comprised more than 10% of accounts receivable as at February 28, 2022 (February 28, 2021 - one customer that comprised more than 10%).
−Removed: During fiscal 2022, the percentage of the Company’s receivable balance that was past due decreased by 4.5% compared to the fourth quarter of fiscal 2021.
+Added: The ACL as at February 28, 2023 was $1 million (February
+Added: 28, 2022 - $4 million).
+Added: There were two customers that comprised more than 10% of accounts receivable as at February 28, 2023 (February 28, 2022 - no customer that comprised more than 10%).
+Added: As at February 28, 2023, the percentage of the Company’s receivable balance that was past due decreased by 7.9% compared to February 28, 2022.
Although the Company actively monitors and attempts to collect on its receivables as they become due, the risk of further delays or challenges in obtaining timely payments of receivables from resellers and other distributor partners exists.
4 unchanged sentences
The Company makes this assessment by considering available evidence including changes in general market conditions, specific industry and individual company data, the length of time and the extent to which the fair value has been less than cost, the financial condition, the near-term prospects of the individual investment and the Company’s ability and intent to hold the debt securities to maturity.
−Removed: During fiscal 2022, the Company recorded nil in impairment charges related to non-marketable equity investments without readily determinable fair value (fiscal 2021 - nil and fiscal 2020 - $3 million).
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.