Notes to the Consolidated Financial Statements
Dollar amounts are in thousands of Canadian dollars (except share and per share amounts)
3. Significant Accounting Judgments, Estimates and Assumptions (continued)
IFRS 10 ‑ Consolidated Financial Statements (“IFRS 10”)
IFRS 10 replaces the portion of IAS 27 ‑ Consolidated and Separate Financial Statements (“IAS 27”) that addresses the accounting for 
consolidated financial statements. IFRS 10 establishes a single control model that applies to all entities including special purpose entities. 
The changes introduced by IFRS 10 require Management to exercise significant judgment to determine which entities are controlled, and 
therefore, are required to be consolidated by a parent, compared with the requirements that were in IAS 27. The adoption of this standard 
did not have an impact on the Company’s financial position or performance.
IFRS 11 ‑ Joint Arrangements (“IFRS 11”)
IFRS 11 replaces IAS 31 ‑ Interests in Joint Ventures and SIC 13 ‑ Jointly controlled Entities — Non monetary Contributions by Venturers. 
IFRS 11 removes the option to account for jointly controlled entities using proportionate consolidation. Instead, joint arrangements that 
meet the definition of a joint venture must be accounted for using the equity method. Otherwise joint arrangements are classified as joint 
operations and are accounted for by recognizing the Company’s share of the arrangement’s assets and liabilities. The adoption of this 
standard did not have an impact on the Company’s accounting treatment of its joint arrangements as they meet the definition of joint 
ventures and were previously accounted for using the equity method. 
IFRS 12 ‑ Disclosure of Interest in Other Entities (“IFRS 12”)
IFRS 12 includes all of the disclosures that were previously in IAS 27 related to consolidated financial statements, as well as all of the 
disclosures that were previously included in IAS 31 and IAS 28. These disclosures relate to an entity’s interests in subsidiaries, joint 
arrangements, associates and structured entities. A number of new disclosures are also required, including:
• A requirement to disclose judgments made in determining if the Company controls, has joint control, or significant influence over an 
entity; and
• A requirement to disclose judgments made in determining the type of joint arrangement in which the Company has an interest.
The Company adopted this standard and included the required disclosures related to the Company’s interest in subsidiaries, joint 
arrangements and associates in the notes of these consolidated financial statements.
IFRS 13 ‑ Fair Value Measurement (“IFRS 13”)
IFRS 13 establishes a single source of guidance under IFRS for all fair value measurements. IFRS 13 does not change when an entity is 
required to use fair value, but rather provides guidance on how to measure fair value under IFRS when fair value is required or permitted. 
The Company adopted the standard and concluded that the definition of fair value applied in IFRS 13 does not differ materially from the 
Company’s current definition and therefore there was no impact on the Company’s financial position. However, IFRS 13 does expand the 
disclosure requirements in respect of fair value measurement, and these additional disclosures are included in Note 5 of these consolidated 
financial statements.
4. Future Accounting Policy Changes
IFRS 9 ‑ Financial Instruments (“IFRS 9”)
IFRS 9, as issued in 2010, reflects the first phase of the IASB’s work on the replacement of IAS 39 and applies to classification and 
measurement of financial assets and financial liabilities as defined in IAS 39. The standard was initially effective for annual periods beginning 
on or after January 1, 2013. In November 2013, Chapter 6 of IFRS 9 on hedge accounting was published. At the same time, Chapter 7,