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Subsequent Events | 12 Months Ended
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Dec. 31, 2014
Subsequent Events [Abstract] |
Subsequent Events |
23. | Subsequent Events
In February 2015, the Venezuelan government announced the unification of the SICAD 1 and SICAD 2 foreign exchange systems, into SICAD, with an initial public foreign exchange price of 12 BsF per U.S. dollar. Additionally, on February 10, 2015 it created the “Sistema Marginal de Divisas” (“SIMADI”), a new foreign exchange market, which foreign exchange rate is published daily by the BCV. The first foreign exchange rate was published on February 12, 2015 at 170.04 BsF per U.S. dollar. As of the date of issuance of these financial statements the Company is assessing the new regulations and any additional rules that may be established to determine whether they will have any effect on the accounting of the financial position and results of the operations in Venezuela in 2015.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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