MEDICURE INC | CIK:0001133519 | 3

  • Filed: 5/15/2018
  • Entity registrant name: MEDICURE INC (CIK: 0001133519)
  • Generator: Ez-XBRL
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1133519/000127956918001086/0001279569-18-001086-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1133519/000127956918001086/mph-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001133519
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  • ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory

    The fair value hierarchy of financial assets and liabilities measured at fair value on the consolidated statements of financial position as at December 31, 2017 is as follows:

     

        Level 1     Level 2     Level 3  
    Financial assets                        
    Assets held for sale   $ -     $ 14,052,861     $ -  
    Holdback receivable     -       -       12,068,773  
                             
    Financial liabilities                        
    Accounts payable and accrued liabilities   $ -     $ -     $ 877,150  
    Current portion of royalty obligation     -       -       1,537,202  
    Liabilities held for sale     -       6,976,313       -  
    Royalty obligation     -       -       2,911,810  
    License fee payable     -       -       501,800  
    Other long-term liability     -       -       1,135,007  
     

    The fair value hierarchy of financial instruments measured at fair value on the consolidated statements of financial position as at December 31, 2016 is as follows:

     

        Level 1     Level 2     Level 3  
    Financial liabilities                        
    Short-term borrowings   $ -     $ 1,383,864     $ -  
    Accounts payable and accrued liabilities     -       -       100,000  
    Current portion of finance lease obligations     -       89,241       -  
    Current portion of long-term debt     -       2,883,752       -  
    Current portion of royalty obligation     -       -       2,019,243  
    Finance lease obligations     -       242,449       -  
    Long-term debt     -       68,180,424       -  
    Royalty obligation     -       -       3,666,479  
    Derivative option on Apicore Class C shares     -       -       32,901,006  
    Liability to repurchase Apicore Class E shares     -       -       2,700,101  
    Fair value of Apicore Series A-1 preferred shares     -       -       1,755,530