text: **Changes in Accounting Policies**
  
  The accounting policies applied during the year ended December 31, 2013 are consistent with those used in the audited consolidated 
  financial statements for the year ended December 31, 2012, except for the following new and amended IFRS and International Financial 
  Reporting Interpretations Committee (“IFRIC”) interpretations which were effective for periods beginning on or after July 1, 2012, and 
  January 1, 2013: 
  
  IAS 1 ‑ Financial Statement Presentation (“IAS 1”) — Presentation of Items of Other Comprehensive Income (“OCI”) 
  The amendments to IAS 1 change the grouping of items presented in OCI. Items that could be reclassified (or recycled) to profit or loss 
  at a future point in time (for example, upon derecognition or settlement) would be presented separately from items that will never be 
  reclassified. The adoption of this standard did not have an impact on the Company’s financial position or performance. 