XML 94 R47.htm IDEA: XBRL DOCUMENT v3.8.0.1
Asset retirement obligations (Tables)
12 Months Ended
Dec. 31, 2017
Text block1 [abstract]  
Summary of Asset Retirement Obligations
             Greece             Brazil             Turkey             Romania              Canada              Total  
     $     $     $     $      $      $  

At January 1, 2017

     48,131       4,092       36,196       1,359        -        89,778  

Acquired during the year

     -       -       -       -        9,453        9,453  

Accretion during the year

     1,025       32       913       36        -        2,006  

Revisions to estimate of obligation

     1,112       (80     502       10        -        1,544  

Settlements

     (2,807     -       (290     -        -        (3,097

At December 31, 2017

     47,461       4,044       37,321       1,405        9,453        99,684  

Less: Current portion

     (3,489     -       -       -        -        (3,489

Long term portion

     43,972       4,044       37,321       1,405        9,453        96,195  

Estimated undiscounted amount

     71,591       4,117       49,257       2,340        12,286        139,591  
Summary of Present Value of Estimated Future Net Cash Outflows

The provision is calculated as the present value of estimated future net cash outflows based on the following key assumptions:

 

     Greece      Brazil      Turkey      Romania      Canada  
     %      %      %      %      %  

At December 31, 2016

              

Inflation rate

     2.0 to 2.4        2.0 to 2.4        2.0 to 2.4        2.0 to 2.4        -  

Discount rate

     1.5 to 3.0        0.8        2.3 to 2.5        2.7        -  

At December 31, 2017

              

Inflation rate

         2.0 to 2.2            2.0 to 2.2            2.0 to 2.2            2.0 to 2.2            2.0 to 2.2  

Discount rate

     1.5 to 3.0        1.8        2.3 to 2.5        2.7        2.3 to 2.5