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Investment in associate (Tables) | 12 Months Ended
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Dec. 31, 2023
Interests In Other Entities [Abstract] |
Summarized financial information in associate | Summarized financial information of Atlas (100% basis) is as follows:
Consolidated statements of financial position as at | Dec 31 2023 | Dec 31 2022
Cash and cash equivalents | $ | 126,392 |  | $ | 24,420 |
Other current assets 1 | 189,062 |  | 182,103 |
Non-current assets | 149,354 |  | 184,373 |
Current liabilities 1 | (157,835) |  | (92,108) |
Other long-term liabilities, including current maturities | (135,940) |  | (107,416) |
Net assets at 100% | $ | 171,033 |  | $ | 191,372 |
Net assets at 63.1% | $ | 107,921 |  | $ | 120,755 |
Long-term receivable from Atlas 1 | 76,328 |  | 76,328 |
Investment in associate | $ | 184,249 |  | $ | 197,083 |
Consolidated statements of income for the years ended December 31 | 2023 | 2022
Revenue 1 | $ | 466,312 |  | $ | 532,456 |
Cost of sales and depreciation and amortization | (289,705) |  | (332,999) |
Gas contract settlement (b) | 75,000 |  | — |
Operating income | 251,607 |  | 199,457 |
Finance costs, finance income and other | (10,316) |  | (9,433) |
Income tax expense | (83,659) |  | (68,093) |
Net earnings at 100% | $ | 157,632 |  | $ | 121,931 |
Earnings of associate at 63.1% | $ | 99,466 |  | $ | 76,938 |
Dividends received from associate | $ | 112,318 |  | $ | 97,174 |
1 Includes related party transactions between Atlas and the Company (see note 23).
Schedule of key assumptions for investment in associate | The following table indicates the percentages by which key assumptions would need to change individually for the estimated Atlas CGU recoverable value to be equal to the carrying value:
Key Assumptions | Change Required for Carrying Value to Equal Recoverable Value
Long-term average realized methanol price | 10 percent decrease
Production volumes | 15 percent decrease
Gas price | 10 percent increase
Discount rate (after-tax) | 800 basis points increase

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