Financial Instruments Disclosure	12 Months Ended
Dec. 31, 2020
Notes
Financial Instruments Disclosure	3. FINANCIAL INSTRUMENTS Fair values The carrying values of accounts payable, loans payable, due to director and legal liability approximate their fair values because of the short maturity of these financial instruments. Interest rate risk The Company is not exposed to significant interest rate risk due to the fixed rates of interest on its monetary assets and liabilities. Credit risk The Company is exposed to credit risk with respect to its cash. The Company deposits cash with a high credit quality financial institution as determined by rating agencies. Currency risk The Company is subject to currency risk as certain of the assets and liabilities are denominated in Canadian dollars. The exchange rate conversion to US dollars may vary from time to time. Liquidity risk Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with its financial liabilities. The Company is reliant upon related parties and share issuance as its sources of cash. The Company has received financing from related parties and share issuances in the past; however, there is no assurance that it will be able to do so in the future.

Financial Instruments Disclosure

12 Months Ended

Dec. 31, 2020

3. FINANCIAL INSTRUMENTS

Fair values

The carrying values of accounts payable, loans payable, due to director and legal liability approximate their fair values because of the short maturity of these financial instruments.

Interest rate risk

The Company is not exposed to significant interest rate risk due to the fixed rates of interest on its monetary assets and liabilities.

Credit risk

The Company is exposed to credit risk with respect to its cash. The Company deposits cash with a high credit quality financial institution as determined by rating agencies.

Currency risk

The Company is subject to currency risk as certain of the assets and liabilities are denominated in Canadian dollars. The exchange rate conversion to US dollars may vary from time to time.

Liquidity risk

Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with its financial liabilities. The Company is reliant upon related parties and share issuance as its sources of cash. The Company has received financing from related parties and share issuances in the past; however, there is no assurance that it will be able to do so in the future.

NORTHSTAR ELECTRONICS INC 10-K