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Loans and borrowings (Tables) | 12 Months Ended
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Dec. 31, 2020
Text block [abstract] |
Summary of Loans and borrowings |
|  | 2020 |
|  | Due through |  |  | Effective rates ranged |  | Carrying Amount |
Long-term fixed rate debt |  |  | 2029 |  |  | 1.49% to 4.45% |  |  | 663,293 |
Long-term variable rate debt |  |  | 2029 |  |  | 0.42% to 1.66% |  |  | 279,778 |
Senior convertible notes |  |  | 2025 |  |  | 14.68% |  |  | 220,829 |
|  |  |  |  |  |  |  |  | 1,163,900 |
Current maturities |  |  |  |  |  |  |  |  | (127,946 | )
Loans and borrowings long-term |  |  |  |  |  |  |  | $ | 1,035,954 |
|  | 2019 |
|  | Due through |  |  | Effective rates ranged |  | Carrying Amount |
Long-term fixed rate debt |  |  | 2029 |  |  | 1.49% to 4.90% |  |  | 736,790 |
Long-term variable rate debt |  |  | 2029 |  |  | 2.15% to 3.50% |  |  | 323,975 |
|  |  |  |  |  |  |  |  | 1,060,765 |
Current maturities |  |  |  |  |  |  |  |  | (122,582 | )
Loans and borrowings long-term |  |  |  |  |  |  |  | $ | 938,183 |
Summary of Maturities of Loans and borrowings |
Year ending December 31, 2021 |  |  | 127,946 |
2022 |  |  | 116,767 |
2023 |  |  | 96,132 |
2024 |  |  | 158,459 |
2025 |  |  | 375,385 |
Thereafter |  |  | 289,211 |
|  | $ | 1,163,900 |
Senior convertible notes
Summary of Senior convertible notes | The net proceeds from the offering, after deducting the initial purchasers’ discounts, commissions and other transaction costs is as follows:
|  | Nominal issue |  |  | Cost assigned to the debt host liability |  |  | Net funding |
Date |  |  |  |  |  |  |  |  |  |  |  |
April 30, 2020 |  | $ | 350,000 |  |  | $ | (7,102 | ) |  | $ | 342,898 |
Summary of Finance Cost and Income | The detail of finance cost and income is as follows:
|  | 2020 |  |  | 2019 |  |  | 2018 |
Finance income - |  |  |  |  |  |  |  |  |  |  |  |
Interest income on short-term bank deposits |  | $ | 543 |  |  | $ | 1,432 |  |  | $ | 1,670 |
Interest income on investment |  |  | 19,420 |  |  |  | 22,973 |  |  |  | 21,958 |
|  | $ 19,963 |  |  | $ 24,405 |  |  | $ 23,628 |
Finance cost - |  |  |  |  |  |  |  |  |  |  |  |
Interests expense on bank loans |  | $ | (29,711 | ) |  | $ | (36,676 | ) |  | $ | (34,687 | )
Interests expense on senior convertible notes |  |  | (23,571 | ) |  |  | — |  |  |  | — |
Interest on factoring |  |  | (256 | ) |  |  | (1,316 | ) |  |  | (1,163 | )
Interest on lease liabilities (see note 14) |  |  | (10,734 | ) |  |  | (14,140 | ) |  |  | (14,975 | )
Other finace cost |  |  | (8,773 | ) |  |  | (5,300 | ) |  |  | — |
|  | $(73,045) |  |  | $(57,432) |  |  | $(50,825) |
Changes in Liabilities Arising from Financing Activities | Changes in liabilities arising from financing activities:
|  |  |  |  |  |  |  | Non-cash movements |
|  | 2019 |  |  | Cash flows |  |  | Foreign exchange movement |  |  | Leases |  |  | Concession Covid-19 |  |  | Other |  |  | 2020 |
Loans and borrowings |  | $ | 1,060,765 |  |  | $ | 220,812 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (117,677 | ) |  | $ | 1,163,900 |
Lease liability |  |  | 304,564 |  |  |  | (93,213 | ) |  |  | (347 | ) |  |  | 19,995 |  |  |  | (489 | ) |  |  | — |  |  |  | 230,510 |
Dividends payable |  |  | — |  |  |  | (33,990 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (33,990 | )
Total liabilities from financing activities |  | $ | 1,365,329 |  |  | $ | 93,609 |  |  | $ | (347 | ) |  | $ | 19,995 |  |  | $ | (489 | ) |  | $ | (117,677 | ) |  | $ | 1,360,420 |
|  |  |  |  |  |  |  | Non-cash movements |
|  | 2018 |  |  | Cash flows |  |  | Foreign exchange movement |  |  | Leases |  |  | Concession Covid-19 |  |  | Other |  |  | 2019 |
Loans and borrowings |  | $ | 1,293,541 |  |  | $ | (331,827 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 99,051 |  |  | $ | 1,060,765 |
Lease liability |  |  | 375,683 |  |  |  | (103,069 | ) |  |  | (84 | ) |  |  | 32,034 |  |  |  | — |  |  |  | — |  |  |  | 304,564 |
Dividends payable |  |  | — |  |  |  | (110,438 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (110,438 | )
Total liabilities from financing activities |  | $ | 1,669,224 |  |  | $ | (545,334 | ) |  | $ | (84 | ) |  | $ | 32,034 |  |  | $ | — |  |  | $ | 99,051 |  |  | $ | 1,254,891 |

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