Lease Liabilities

12 Months Ended

Dec. 31, 2023

NOTE 21. LEASE LIABILITIES


December 31,	2023		2022

Opening balance	$	93,033	$	57,014

Acquisition (Note 6)		-		39,845

Additions		44,583		9,977

Lease interest		6,789		3,398

Payments made against lease liabilities		(27,211)		(19,156)

Transfer to liabilities associated with assets held for sale (Note 10)		(6,209)		-

Lease measurement adjustment		(6,781)		-

Currency translation effects and other		(3,492)		1,955

Closing balance	$	100,712	$	93,033

Current portion of lease liabilities	$	25,453	$	20,125

Non-current portion of lease liabilities		75,259		72,908

Lease liabilities	$	100,712	$	93,033

In addition to the lease payments made above, during the year ended December 31, 2023, the Company paid less than $1 million (December 31, 2022 – $1 million) relating to short-term and

low-value

leases which were expensed as incurred. During the year ended December 31, 2023, the Company also paid $2 million (December 31, 2022 – $2 million) in variable lease payments not included in the measurement of lease liabilities, of which $1 million (December 31, 2022 – $1 million) was included in COGS and $1 million (December 31, 2022 – $1 million) was included in SG&A. Interest expense on lease liabilities was $7 million for the year ended December 31, 2023 (December 31, 2022 – $3 million). Total cash outflow for leases for the year ended December 31, 2023 was $35 million (December 31, 2022 – $22 million).

Future minimum lease payments under

non-cancellable

leases were as follows:


	December 31, 2023

2024	$	29,346

2025		26,384

2026		19,475

2027		15,348

2028		24,537

Thereafter		7,569

	$	122,659

Less:

Imputed interest		21,886

Short-term leases		59

Low-value leases		2

Lease liabilities	$	100,712