XML 64 R51.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Loans and borrowings (Tables)
 12 Months Ended
Dec. 31, 2023
Borrowings [abstract]  
Summary of Loans and Borrowings
2023
Due
 through		Effective rates
ranged		Carrying
Amount
Long term fixed rate debt2034
1.73% to 3.99%
1,039,821 
Long term variable rate debt2033
6.53% to 6.86%
422,870 
1,462,691 
Current maturities(222,430)
Loans and borrowings long-term$1,240,261 
2022
Due
through		Effective rates
ranged		Carrying
Amount
Long-term fixed rate debt2034
1.73% to 3.95%
983,138 
Long-term variable rate debt2029
4.97% to 6.35%
191,132 
Senior convertible notes2025
14.68%
270,033 
1,444,303 
Current maturities(142,484)
Loans and borrowings long-term$1,301,819 
Summary of Maturities of Loans and Borrowings
Maturities of the loans and borrowings for the next five years are as follows:
2024222,430 
2025227,628 
2026120,522 
2027128,653 
2028211,853 
Thereafter551,605 
$1,462,691 
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)$342,898 
Disclosure of Detailed information about Impact of the Embedded Derivative on the Financial Statements Explanatory
The impact of the embedded derivative on the consolidated statement of financial position and consolidated statement of profit or loss is, as follows:
Statement
of financial position
Statement
of profit or loss
20232022202320222021
Derivative financial instrument$— $251,150 $(98,347)$17,189 $(22,778)
Summary of Finance Cost and Income
The detail of finance cost and income is as follows:
202320222021
Finance income -
Interest income on short-term bank deposits$1,541 $954 $211 
Interest income on investment48,667 17,076 10,638 
$50,208 $18,030 $10,849 
Finance cost -
Interests expense on bank loans$(41,917)$(30,502)$(26,817)
Interests expense on senior convertible notes(87,862)(42,403)(38,301)
Interest on factoring(3,315)(5,393)(1,365)
Interest expense on lease liabilities(13,279)(7,445)(7,568)
Unwinding of discount and changes in the discount rate(11,843)(1,888)(2,183)
$(158,216)$(87,631)$(76,234)
Changes in Liabilities Arising from Financing Activities
Changes in liabilities arising from financing activities:
2022Cash flowsNon-cash movements
Foreign
exchange
movement
LeasesOther2023
Loans and borrowings$1,444,303 $(73,945)$— $— $92,333 $1,462,691 
Lease liability238,373 (79,999)448 124,835 — 283,657 
Total liabilities used in financing activities$1,682,676 $(153,944)$448 $124,835 $92,333 $1,746,348 
Non-cash movements
2021
Cash flows
Foreign
exchange
movement
LeasesOther2022
Loans and borrowings$1,425,633 $(27,038)$— $— $45,708 $1,444,303 
Lease liability178,651 (79,017)(275)139,014 — 238,373 
Total liabilities used in financing activities$1,604,284 $(106,055)$(275)$139,014 $45,708 $1,682,676