Triterras, Inc. Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Significant accounting policies (Policies)
Notes Tables
Notes Details

Revenue (Tables)

v3.22.0.1

Revenue (Tables)

12 Months Ended

Feb. 28, 2021

Revenue [Abstract]

Schedule of Revenue Arising from Contracts with Customers

This represents revenue arising from the Group’s contracts with customers for license fees and platform service fees.

	Year ended February 28, 2021		Year ended February 29, 2020		Year ended February 28, 2019
	US$		US$		US$
License fees		30,918		8,458		—
Platform service fees
-Trade discovery sub-module		22,369,694		14,432,428		—
-Trade finance sub-module		33,073,113		2,457,292		—
		55,473,725		16,898,178		—

Summary of Information About Receivables and Contract Liabilities from Contracts with Customers

The following table provides information about receivables and contract liabilities from contracts with customers.

			As of February 28, 2021			As of February 29, 2020
	Note		US$			US$
Trade receivables – external customers		7		22,853,115			10,162,246
Trade receivables – related parties		8		—			3,232,810
Contract liabilities		18		(49,124	)		(97,542	)

Summary of Significant Changes in Contract Liabilities Balances

Significant changes in the contract liabilities balances during the year are as follows:

	Year ended February 28, 2021			Year ended February 29, 2020
	US$			US$
Revenue recognised that was included in contract liabilities balance at the beginning of the year		(97,542	)		—
Increases due to advances and license fees collected		(36,750	)		(232,000	)
Amounts recognised as revenue during the year		30,918			8,458
Advances utilised during the year		54,250			126,000
		(49,124	)		(97,542	)

- Definition

The disclosure of the disaggregation of revenue from contracts with customers. [Refer: Revenue from contracts with customers]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Number 15
-IssueDate 2020-01-01
-Paragraph 114
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- Definition

The explanation of the significant changes in the contract assets and the contract liabilities. [Refer: Contract assets; Contract liabilities]

+ References

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-Name IFRS
-Number 15
-IssueDate 2020-01-01
-Paragraph 118
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- Definition

The disclosure of information about receivables and contract liabilities from contracts with customers.

+ References

No definition available.

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