Non-controlling interests

12 Months Ended

Dec. 31, 2023

Disclosure of subsidiaries [abstract]

11. Non-controlling interests

The following table summarizes the information relating to Deva, a subsidiary of the Company with a material non-controlling interest (“NCI”). The amounts disclosed are based on those included in the consolidated financial statements before inter-company eliminations.


	December 31, 2023			December 31, 2022
NCI percentage	19.5		%	19.5		%


Current assets	$	2,721		$	2,537
Non-current assets	22,095			22,831
Current liabilities	(228)			(154)
Non-current liabilities	(170,070)			(156,057)
Net liabilities	$	(145,482)		$	(130,843)


Net liabilities allocated to NCI	$	(28,369)		$	(25,514)

Cash flows used in operating activities	$	(2,981)		$	(3,095)
Cash flows used in investing activities	—			(33)
Cash flows generated from financing activities	2,954			2,958
Net decrease in cash and cash equivalents	$	(27)		$	(170)


Net loss and comprehensive loss	$	(14,638)		$	(373,522)
Net loss allocated to NCI	$	(2,854)		$	(72,837)

Net loss allocated to NCI in the consolidated statements of operations includes $2,854 related to Deva (2022 – net loss of $72,837) and net loss of $393 related to non-material subsidiaries (2022 – net loss of $192).

The carrying value of the NCI related to Deva is $(8,397) (2022 – $(5,543)) and the carrying value of non-material subsidiaries is $2,215 (2022 – $2,343).

Deva is included in the Romanian reporting segment which is presented as a disposal group held for sale at December 31, 2023. Net loss attributable to Deva is presented as discontinued operations for the years ended December 31, 2023 and 2022 (Note 6).