LEASES (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of changes in right-of-use assets


		As at December 31, 2019
(in millions of U.S. dollars)
RIGHT-OF-USE ASSETS
Balance, January 1, 2019		20.8
Additions		28.5
Depreciation		(6.1)
Disposals		—
Balance, December 31, 2019		43.2

Schedule of maturity analysis of the Company's lease payments

		As at December 31, 2019
(in millions of U.S. dollars)
MATURITY ANALYSIS FOR LEASES
Less than 1 year		9.8
Between 1 and 3 years		17.0
Between 3 and 5 years		8.6
More than 5 years		—
Total undiscounted lease payments(1)		35.4
Carrying value of lease liabilities		32.6
Less: current portion of lease liabilities(2)		(8.7)
Non-current portion of lease liabilities		23.9

1.Total undiscounted lease payments excludes leases that are classified as short term and leases for low value assets, which are not recognized as lease liabilities.

2.The current portion of the lease liabiltiies is included in trade and other payables on the statement of financial position.