text: **Recent Accounting Pronouncements**
  We are required to adopt the following revised accounting standards on 
  or after January 1, 2014. We are assessing the impact of adopting these 
  revised standards on our 2014 interim and consolidated financial 
  statements. 
  (cid:129)*IAS 32, Financial*
  
  *Instruments: Presentation (IAS 32)*– In December 
  2011, the IASB amended IAS 32 to clarify the meaning of when an 
  entity has a current 
  set-off. The 
  amendments are effective for annual periods beginning on or after 
  January 1, 2014 and are required to be applied retrospectively. We 
  do not expect this to have a significant impact on our consolidated 
  financial statements. 
  
  legally enforceable right of 
  
  (cid:129)*IFRS 11, Joint Arrangements (IFRS 11) –*As a result of the adoption of 
  IFRS 11, we have changed how we evaluate our interests in joint 
  arrangements. Under IFRS 11, we classify our interests in joint 
  arrangements as either joint operations or joint ventures depending 
  on our right to the assets and obligations for the liabilities of the 
  arrangements. When making this assessment, we consider 
  the 
  structure of 
  form of any separate 
  vehicles, the contractual terms of the arrangements and other facts 