XML 103 R50.htm IDEA: XBRL DOCUMENT v3.21.1
Loans and borrowings (Tables)
 12 Months Ended
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