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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    • ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory

    8. Property, plant and equipment

     

    Cost   Land     Building     Computer 
    and office 
    equipment    		     Machinery
    and 
    equipment    		     Leasehold 
    improvements    		     Total  
    At December 31, 2015   $ -     $ -     $ 328,778     $ -     $ 96,766     $ 425,544  
    Acquisitions under business combinations (note 4)     2,316,979       2,066,616       1,966,628       2,598,259       847,147       9,795,629  
    Additions     -       56,071       148,337       200,223       59,577       464,208  
    Effect of movements in exchange rates     -       -       (4,672 )     -       -       (4,672 )
    At December 31, 2016   $ 2,316,979     $ 2,122,687     $ 2,439,071     $ 2,798,482     $ 1,003,490     $ 10,680,709  
    Additions     -       82,163       675,788       298,754       -       1,056,705  
    Transfers to assets held for resale     (2,317,273 )     (2,900,284 )     (3,319,298 )     (4,572,065 )     (790,814 )     (13,899,734 )
    Effect of movements in exchange rates     294       695,434       632,604       1,474,829       (56,333 )     2,746,828  
    At December 31, 2017   $ -     $ -     $ 428,165     $ -     $ 156,343     $ 584,508  

     

    Accumulated amortization 
    and impairment losses    		   Land     Building     Computer 
    and office 
    equipment    		     Machinery
    and 
    equipment    		     Leasehold 
    improvements    		     Total  
    At December 31, 2015   $ -     $ -     $ 187,641     $ -     $ 7,741     $ 195,382  
    Amortization     -       21,408       66,940       67,541       33,119       189,008  
    Effect of movements in exchange rates     -       -       (4,320 )     -       -       (4,320 )
    At December 31, 2016   $ -     $ 21,408     $ 250,261     $ 67,541     $ 40,860     $ 380,070  
    Amortization     -       291,638       339,358       384,486       157,537       1,173,019  
    Transfers to assets held for resale     -       (306,761 )     (286,632 )     (443,746 )     (112,213 )     (1,149,352 )
    Effect of movements in exchange rates     -       (6,285 )     (21,720 )     (8,281 )     (4,565 )     (40,851 )
    At December 31, 2017   $ -     $ -     $ 281,267     $ -     $ 81,619     $ 362,886  

      

    Carrying amounts   Land     Building     Computer 
    and office 
    equipment    		     Machinery
    and 
    equipment    		     Leasehold 
    improvements    		     Total  
    At December 31, 2016   $ 2,316,979     $ 2,101,279     $ 2,188,810     $ 2,730,941     $ 962,630     $ 10,300,639  
    At December 31, 2017   $ -     $ -     $ 146,898     $ -     $ 74,724     $ 221,622  

     

    During the year ended December 31, 2017, amortization of property, plant and equipment totaling $97,794 (2016 – $83,284; 2015 – $31,544) is included within selling, general and administrative expenses on the consolidated statements of net income and comprehensive income and $1,075,225 (2016 – $105,724; 2015 – nil) is recorded within discontinued operations.