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Investments in joint ventures | 12 Months Ended
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Dec. 31, 2017
Disclosure of joint ventures [abstract] |
Investments in joint ventures | Investments in joint ventures The table below lists the Group’s investment in joint ventures for the years ended December 31, 2017, 2016 and 2015:
|  | % of ownership interest held
Name of the entity | Country of incorporation and operation | December 31, 2017 | December 31, 2016 | December 31, 2015
CHS AGRO S.A. (i) | Argentina | 50 | % | 50 | % | 50 | %
On February 26, 2013, the Group formed CHS AGRO, a joint venture with CHS Inc. CHS Inc. is a leading farmer-owned energy, grains and foods company based in the United States. The Group holds a 50% interest in CHS AGRO. On October 2014, CHS AGRO finished its sunflower processing plant in the city of Pehuajo, Province of Buenos Aires, Argentina. The following amounts represent the assets (including goodwill) and liabilities, and income and expenses of the joint ventures:
| 2017 |  | 2016
Assets: |  |  |  |  |
Non-current assets | 7,931 |  |  | 17,185 |
Current assets | 8,882 |  |  | 9,316 |
| 16,813 |  |  | 26,501 |
Liabilities: |  |  |  |  |
Non-current liabilities | 22,002 |  |  | 22,000 |
Current liabilities | 19,197 |  |  | 15,273 |
| 41,199 |  |  | 37,273 |
Net assets of joint venture | (24,386 | ) |  | (10,772 | )
| 2017 |  | 2016 |  | 2015
Income | 14,879 |  |  | 9,390 |  |  | 14,201 |
Expenses | (22,657 | ) |  | (16,048 | ) |  | (22,934 | )
Loss before income tax | (7,778 | ) |  | (6,658 | ) |  | (8,733 | )
The shares in the joint ventures were not publicly traded for any of the years presented. There are no contingent liabilities relating to the Group’s interest in the joint ventures, and no contingent liabilities of the ventures themselves. According to the laws of certain of the countries in which the Group operates, 5% of the profit of the year is separated to constitute legal reserves until they reach legal capped amounts (20% of total capital). These legal reserves are not available for dividend distribution and can only be released to absorb losses. The Group’s joint ventures have not reached the legal capped amounts. The Group guarantees some financial debt of CHS AGRO for an amount of $9.8 million.

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- Definition The disclosure of joint ventures. [Refer: Joint ventures [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2017-01-01 -Paragraph 17 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=27&date=2017-03-01&anchor=para_17_b&doctype=Standard -URIDate 2017-03-09 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2017-01-01 -Paragraph 16 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=27&date=2017-03-01&anchor=para_16_b&doctype=Standard -URIDate 2017-03-09 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2017-01-01 -Paragraph B4 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=12&date=2017-03-01&anchor=para_B4_b&doctype=Appendix&seq=2 -URIDate 2017-03-09 + Details
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