XML 63 R57.htm IDEA: XBRL DOCUMENT
v3.20.1

Income taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Major components of tax expense (income) [abstract] |
Summary of Income Tax Expense (Recovery) | Total income tax expense (recovery) consists of:
| December 31, 2019 |  |  | December 31, 2018 |
Current tax expense | $ | 56,350 |  |  | $ | 32,341 |
Deferred tax recovery | (16,579 | ) |  | (118,839 | )
| $ | 39,771 |  |  | $ | (86,498 | )
Summary of Income Tax Expense (Recovery) Attributable to Geographical Jurisdiction | Total income tax expense (recovery) attributable to each geographical jurisdiction for the Company is as follows:
| 2019 |  |  | 2018 |
Turkey | $ | 57,518 |  |  | $ | 45,238 |
Greece | (14,306 | ) |  | (129,213 | )
Canada | (2,727 | ) |  | (3,415 | )
Romania | (1,110 | ) |  | (2,716 | )
Brazil | 249 |  |  | 3,608 |
Other jurisdictions | 147 |  |  | — |
| $ | 39,771 |  |  | $ | (86,498 | )
Summary of Key Factors Affecting Income Tax Expense (Recovery) | The key factors affecting income tax expense (recovery) for the years are as follows:
| 2019 |  |  | 2018 |
Earnings (loss) from continuing operations before income tax | $ | 113,456 |  |  | $ | (466,129 | )
Canadian statutory tax rate | 27 | % |  | 27 | %
Tax expense (recovery) on net earnings (loss) at Canadian statutory tax rate | $ | 30,633 |  |  | $ | (125,855 | )
Items that cause an increase (decrease) in income tax expense: |  |  |
Foreign income subject to different income tax rates than Canada | (24,608 | ) |  | (17,498 | )
Reduction in Greek income tax rate | (7,243 | ) |  | (24,968 | )
Non-tax effected operating losses | 16,231 |  |  | 12,716 |
Non-deductible expenses and other items | 13,514 |  |  | 14,923 |
Foreign exchange and other translation adjustments | 13,382 |  |  | 36,837 |
Future and current withholding tax on foreign income dividends | (5,278 | ) |  | 20,000 |
Other | 3,140 |  |  | (2,653 | )
Income tax expense (recovery) | $ | 39,771 |  |  | $ | (86,498 | )
Summary of Change in Net Deferred Tax Position | The change in the Company’s net deferred tax position was as follows:
| 2019 |  |  | 2018 |
Net deferred income tax (asset) liability |  |  |
Balance at January 1, | $ | 429,929 |  |  | $ | 549,127 |
Deferred income tax recovery in the statement of operations | (16,579 | ) |  | (118,839 | )
Deferred tax recovery in consolidated statement of OCI | (633 | ) |  | (359 | )
Balance at December 31, | $ | 412,717 |  |  | $ | 429,929 |
Summary of Temporary Difference | The composition of the Company’s net deferred income tax assets and liabilities and deferred tax expense (recovery) is as follows:
Type of temporary difference | Deferred tax assets | Deferred tax liabilities | Expense (recovery)
| 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
Property, plant and equipment | $ | — |  | $ | — |  | $ | 498,384 |  | $ | 483,561 |  | $ | 14,823 |  | $ | (108,501 | )
Loss carryforwards | 42,079 |  | 37,245 |  | — |  | — |  | (4,834 | ) | (5,788 | )
Liabilities | 31,793 |  | 27,321 |  | 2,545 |  | — |  | (1,927 | ) | (2,631 | )
Future withholding taxes | — |  | — |  | — |  | 20,000 |  | (20,000 | ) | 20,000 |
Other items | 24,346 |  | 19,477 |  | 10,006 |  | 10,411 |  | (4,641 | ) | (21,919 | )
Balance at December 31, | $ | 98,218 |  | $ | 84,043 |  | $ | 510,935 |  | $ | 513,972 |  | $ | (16,579 | ) | $ | (118,839 | )
Summary of Unrecognized Deferred Tax Assets |
Unrecognized deferred tax assets | 2019 |  |  | 2018 |
Tax losses | $ | 169,498 |  |  | $ | 160,052 |
Other deductible temporary differences | 30,242 |  |  | 25,242 |
| $ | 199,740 |  |  | $ | 185,294 |
Summary of Unrecognized Tax Losses | The gross amount of the tax losses for which a tax benefit has not been recorded expire in future years as follows:
Expiry date | Canada | Brazil | Greece | Total
2020 | $ | — |  | $ | — |  | $ | 24,745 |  | $ | 24,745 |
2021 | — |  | — |  | 10,253 |  | 10,253 |
2022 | — |  | — |  | 7,856 |  | 7,856 |
2023 | — |  | — |  | 17,347 |  | 17,347 |
2024 | — |  | — |  | 38,194 |  | 38,194 |
2025 | 7,894 |  | — |  | — |  | 7,894 |
2026 | 14,966 |  | — |  | — |  | 14,966 |
2027 | 10,638 |  | — |  | — |  | 10,638 |
2028 | 25,971 |  | — |  | — |  | 25,971 |
2029 | 23,444 |  | — |  | — |  | 23,444 |
2030 | 7,282 |  | — |  | — |  | 7,282 |
2031 | 45,351 |  | — |  | — |  | 45,351 |
2032 | 74,855 |  | — |  | — |  | 74,855 |
2033 | 64,883 |  | — |  | — |  | 64,883 |
2034 | 58,689 |  | — |  | — |  | 58,689 |
2035 | 55,266 |  | — |  | — |  | 55,266 |
2036 | 50,503 |  | — |  | — |  | 50,503 |
2037 | 38,978 |  | — |  | — |  | 38,978 |
2038 | 7,999 |  | — |  | — |  | 7,999 |
2039 | 510 |  | — |  | — |  | 510 |
No Expiry | — |  | 31,128 |  | — |  | 31,128 |
| $ | 487,229 |  | $ | 31,128 |  | $ | 98,395 |  | $ | 616,752 |
Capital losses with no expiry | $ | 63,483 |  | $ | — |  | $ | — |  | $ | 63,483 |
Tax effect of total losses not recognized | $ | 140,087 |  | $ | 5,797 |  | $ | 23,614 |  | $ | 169,498 |

X
- Definition Disclosure Of Changes In Net Deferred Tax Assets And Liabilities Explanatory + References No definition available. + Details
Name: | ego_DisclosureOfChangesInNetDeferredTaxAssetsAndLiabilitiesExplanatory
Namespace Prefix: | ego_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of deferred tax assets, liabilities not recognized table. + References No definition available. + Details
Name: | ego_DisclosureOfComponentsOfDeferredTaxAssetsLiabilitiesNotRecognizedTextBlock
Namespace Prefix: | ego_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of deferred tax losses not recognized table. + References No definition available. + Details
Name: | ego_DisclosureOfComponentsOfDeferredTaxLossesNotRecognizedTextBlock
Namespace Prefix: | ego_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of major components of tax expense income. + References No definition available. + Details
Name: | ego_DisclosureOfMajorComponentsOfTaxExpenseIncomeExplanatory
Namespace Prefix: | ego_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of reconciliation of actual tax charge and tax charge change. + References No definition available. + Details
Name: | ego_DisclosureOfReconciliationOfActualTaxChargeAndTaxChargeChangeExplanatory
Namespace Prefix: | ego_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of income tax expense (recovery) attributable to geographical jurisdiction explanatory. + References No definition available. + Details
Name: | ego_DisclosureofIncomeTaxExpenseRecoveryAttributabletoGeographicalJurisdictionExplanatory
Namespace Prefix: | ego_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of types of temporary differences, unused tax losses and unused tax credits. [Refer: Unused tax credits [member]; Unused tax losses [member]; Temporary differences [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2018-01-01 -Paragraph 81 -Subparagraph g -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=12&date=2018-03-01&anchor=para_81_g&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration