Investments in affiliates and joint ventures (Tables)

12 Months Ended

Dec. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Variable Interest Entities [Table Text Block]

The following table summarizes the investments of the NL Partnership, including the NL Partnership’s ownership interest therein:



	NL Partnership Interest
Equity method investments:
Kivalliq Services Ltd.⁽ⁱ⁾	33.33	%
HRN Contracting Ltd.⁽ⁱⁱ⁾	33.33	%
Proportionately consolidated investments:
Amik Nuna Forestry Services	50.00	%
Aroland Nuna	49.00	%
Fond Du Lac Nuna	49.00	%
Mahiikanuk Nuna	49.00	%
Met Nuna	75.00	%
Nuna Bauer	50.00	%
EDC Nuna Contracting	70.00	%
Attawapiskat Nuna	75.00	%
Westarc Drilling & Blasting Joint Venture⁽ⁱⁱⁱ⁾	30.00	%
Consolidated investments:
Deton Cho Nuna	60.00	%
Nuna Deton Cho Winter Road Services	75.00	%
Nuna Deton Cho Contracting	100.00	%

Schedule of investments in affiliates and joint ventures



Assets
Cash	$	10,939
Accounts receivable, net	13,234
Contract assets	3,089
Inventories	3,926
Prepaid expenses and deposits	304
	31,492
Property, plant and equipment	15,962
Other assets	1,375
Investment in affiliates and joint ventures	11,728
Total Assets	60,557
Liabilities
Accounts payable	10,604
Accrued liabilities	1,136
Contract liabilities	360
	12,100
Long term debt (including current portion)	3,127
Capital lease obligation (including current portion)	542
Deferred tax liabilities	1,938
Total Liabilities	17,707

Net assets acquired	$	42,850

The following table summarizes the investments of the NL Partnership, including the NL Partnership’s ownership interest therein:



	NL Partnership Interest
Equity method investments:
Kivalliq Services Ltd.⁽ⁱ⁾	33.33	%
HRN Contracting Ltd.⁽ⁱⁱ⁾	33.33	%
Proportionately consolidated investments:
Amik Nuna Forestry Services	50.00	%
Aroland Nuna	49.00	%
Fond Du Lac Nuna	49.00	%
Mahiikanuk Nuna	49.00	%
Met Nuna	75.00	%
Nuna Bauer	50.00	%
EDC Nuna Contracting	70.00	%
Attawapiskat Nuna	75.00	%
Westarc Drilling & Blasting Joint Venture⁽ⁱⁱⁱ⁾	30.00	%
Consolidated investments:
Deton Cho Nuna	60.00	%
Nuna Deton Cho Winter Road Services	75.00	%
Nuna Deton Cho Contracting	100.00	%

⁽ⁱ⁾Includes investment in MTKSL Contracting Joint Venture

⁽ⁱⁱ⁾ Includes investment in TDIC/HRN Contracting Joint Venture

⁽ⁱⁱⁱ⁾ Includes investment in Westarc Drilling & Blasting Services Ltd.

The following table summarizes the movement in the investments in affiliates and joint ventures balance during the year:



	December 31, 2018		December 31, 2017
Balance, beginning of the year	$	—	$	—
Additions arising on acquisition	11,728		—
Share of net income	60		—
Balance, end of the year	$	11,788	$	—

The financial information for the investments in affiliates and joint ventures accounted for using the equity method is summarized as follows:

Balance Sheets



	December 31, 2018		December 31, 2017
Assets
Current assets	$	9,769	$	—
Non-current assets	2,392		—
Total assets	$	12,161	$	—
Liabilities
Current liabilities	$	4,013	$	—
Non-current liabilities	3,032		—
Total liabilities	$	7,045	$	—

Statement of Operations and Comprehensive Income



Year ended December 31,	2018		2017
Revenues	$	1,771	$	—
Gross profit	152		—
Income before taxes	98		—
Net income and comprehensive income	$	60	$	—

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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