text: 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: 