XML 54 R23.htm IDEA: XBRL DOCUMENT
v3.19.1

Income and other taxes | 12 Months Ended
--- | ---
Dec. 31, 2018
Disclosure of income tax [Abstract] |
Income and other taxes | Income and other taxes Income tax expense differs from the amount that would result from applying the Canadian federal and provincial income tax rates to earnings from operations before taxes. These differences result from the following items:
|  | 2018 |  |  | 2017 |
|  | $ |  |  | $ |
Consolidated income before income taxes |  | 192,713 |  |  | 68,896 |
Canadian federal and provincial income tax rates |  | 27.00 | % |  | 26.00 | %
Income tax expense at statutory rates |  | 52,033 |  |  | 17,913 |
Increase (decrease) attributable to: |  |  |  |
Effects of different foreign statutory tax rates and tax holidays |  | 4,624 |  |  | (23,358 | )
Non-deductible expenditures |  | 32,507 |  |  | 15,218 |
Losses for which no tax benefit has been recorded |  | 29,551 |  |  | 19,880 |
Benefit of optional tax deductions |  | (9,779 | ) |  | — |
Withholding tax |  | 8,616 |  |  | 5,372 |
Minimum tax |  | 4,960 |  |  | 4,780 |
Change due to foreign exchange |  | 18,111 |  |  | (30,607 | )
Change in accruals for tax audits |  | — |  |  | (649 | )
Changes in estimates of deferred tax assets |  | 6,759 |  |  | 131 |
Non-deductible portion of gains |  | — |  |  | (500 | )
Amounts under provided for in prior years |  | 210 |  |  | (850 | )
Income tax expense |  | 147,592 |  |  | 7,330 |
Current income tax, withholding and other taxes |  | 109,200 |  |  | 27,500 |
Deferred income tax expense (recovery) |  | 38,392 |  |  | (20,170 | )
Income tax expense |  | 147,592 |  |  | 7,330 |
Included in current income tax expense for the year-ended December 31, 2018, is $18 million (2017 - $2 million), related to the State of Mali's 10% priority dividend on its free carried interest in the Fekola Mine. This priority dividend is accounted for as an income tax in accordance with IAS 12, Income Taxes. Total income tax expense (recovery) attributable to geographical jurisdiction is as follows:
|  | 2018 |  |  | 2017 |
|  | $ |  |  | $ |
Mali |  | 97,399 |  |  | (22,155 | )
Namibia |  | 18,814 |  |  | 13,492 |
Philippines |  | 14,812 |  |  | 12,493 |
Nicaragua |  | 15,231 |  |  | 4,440 |
Canada |  | — |  |  | (188 | )
Other |  | 1,336 |  |  | (752 | )
|  | 147,592 |  |  | 7,330 |
The composition of the Company’s net deferred income tax (liabilities) assets and deferred tax expense (recovery) is as follows:
|  | Deferred tax (liabilities)/assets |  | Deferred income tax expense/(recovery)
|  | As at December 31, 2018 |  |  | As at December 31, 2017 |  |  | 2018 |  |  | 2017 |
|  | $ |  |  | $ |  |  | $ |  |  | $ |
Operating loss carry-forwards |  | 29,454 |  |  | 58,042 |  |  | 28,588 |  |  | 11,045 |
Current assets and liabilities |  | 5,965 |  |  | 789 |  |  | (5,176 | ) |  | (811 | )
Derivatives |  | — |  |  | 1,857 |  |  | 1,857 |  |  | 1,900 |
Mining interests |  | (147,955 | ) |  | (131,792 | ) |  | 16,163 |  |  | (25,605 | )
Mine restoration provisions |  | 21,897 |  |  | 19,398 |  |  | (2,499 | ) |  | (4,158 | )
Other |  | (1,838 | ) |  | (2,379 | ) |  | (541 | ) |  | (2,358 | )
Deferred tax charged to equity |  | — |  |  | — |  |  | — |  |  | (183 | )
|  | (92,477 | ) |  | (54,085 | ) |  | 38,392 |  |  | (20,170 | )
Represented on the balance sheet as:
|  | 2018 |  |  | 2017 |
|  | $ |  |  | $ |
Deferred tax asset |  | (10,907 | ) |  | (27,433 | )
Deferred tax liability |  | 103,384 |  |  | 81,518 |
Balance, end of year |  | 92,477 |  |  | 54,085 |
The Company has the following unrecognized deferred tax assets:
|  | 2018 |  |  | 2017 |
|  | $ |  |  | $ |
Capital and non-capital tax losses |  | 135,533 |  |  | 112,886 |
Current assets |  | 253 |  |  | 111 |
Debt and share issue costs |  | 361 |  |  | 864 |
Mine restoration provisions |  | 14,816 |  |  | 11,470 |
Mining interests and other |  | 21,991 |  |  | 2,769 |
Long-term debt |  | — |  |  | 7,805 |
|  | 172,954 |  |  | 135,905 |
The Company has not recognized the potential deferred tax assets of $173 million (2017 - $136 million) as it is not probable that future taxable profits will be available against which the Company can utilize the potential deferred tax assets. The change for the year in the Company’s net deferred tax liability was as follows:
|  | 2018 |  |  | 2017 |
|  | $ |  |  | $ |
Balance, beginning of year |  | 54,085 |  |  | 74,072 |
Deferred income tax expense (recovery) |  | 38,392 |  |  | (20,170 | )
Amount charged to OCI |  | — |  |  | 183 |
|  | 38,392 |  |  | (19,987 | )
Balance, end of year |  | 92,477 |  |  | 54,085 |
At December 31, 2018, the Company had tax losses which are not recognized as deferred tax assets. The Company recognizes the tax benefit of the tax losses only to the extent of anticipated future taxable income that can be reduced by tax losses. The gross amount of the tax losses for which a tax benefit has not been recorded expire as follows:
Year of expiry |  | Canada |  |  | Colombia |  |  | Nicaragua |  |  | Total |
| $ |  |  | $ |  |  | $ |  |  | $ |
2019 |  | — |  |  | — |  |  | 6,955 |  |  | 6,955 |
2020 |  | — |  |  | — |  |  | 20,352 |  |  | 20,352 |
2027 |  | 125 |  |  | — |  |  | — |  |  | 125 |
2028 |  | 568 |  |  | — |  |  | — |  |  | 568 |
2029 |  | 4,536 |  |  | — |  |  | — |  |  | 4,536 |
2030 |  | 10,602 |  |  | — |  |  | — |  |  | 10,602 |
2031 |  | 7,809 |  |  | — |  |  | — |  |  | 7,809 |
2032 |  | 13,200 |  |  | — |  |  | — |  |  | 13,200 |
2033 |  | 5,535 |  |  | — |  |  | — |  |  | 5,535 |
2034 |  | 30,130 |  |  | — |  |  | — |  |  | 30,130 |
2035 |  | 37,226 |  |  | — |  |  | — |  |  | 37,226 |
2036 |  | 40,370 |  |  | — |  |  | — |  |  | 40,370 |
2037 |  | 35,803 |  |  | — |  |  | — |  |  | 35,803 |
2038 |  | 47,892 |  |  | — |  |  | — |  |  | 47,892 |
No expiry |  | — |  |  | 3,490 |  |  | 19,193 |  |  | 22,683 |
Total |  | 233,796 |  |  | 3,490 |  |  | 46,500 |  |  | 283,786 |
At December 31, 2018 the Company had capital losses in Canada of $423 million which have no expiry date and can be applied against future capital gains. No deferred income tax asset has been recorded with respect to these losses. During the year ended December 31, 2018 the Company paid $50 million (2017 - $12 million) of income taxes in cash.

X
- Definition Disclosure of income tax [Abstract] + References No definition available. + Details
Name: | btg_DisclosureofincometaxAbstract
Namespace Prefix: | btg_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for income taxes. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2017-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=12&date=2017-03-01&anchor=sect_Disclosure&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfIncomeTaxExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration