NEOVASC INC | CIK:0001399708 | 3

  • Filed: 5/16/2018
  • Entity registrant name: NEOVASC INC (CIK: 0001399708)
  • Generator: Merrill
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1399708/000104746918003806/0001047469-18-003806-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1399708/000104746918003806/nvcn-20171231.xml
  • XBRL Cloud Viewer: Click to open XBRL Cloud Viewer
  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001399708
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  • ifrs-full:DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory

                                                                                                                                                                                                                                                 

     

     

     

    Land

     

    Building

     

    Leasehold
    improvements

     

    Production &
    development
    equipment

     

    Computer
    hardware

     

    Computer
    software

     

    Office
    equipment

     

    Total

     

     

    COST

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Balance at January 1, 2015

     

    $

    178,734

     

    $

    1,741,422

     

    $

    35,428

     

    $

    1,318,982

     

    $

    457,713

     

    $

    297,553

     

    $

    304,226

     

    $

    4,334,058

     

     

    Additions during the year

     

     

    253,198

     

     

    805,810

     

     

    93,361

     

     

    833,690

     

     

    52,914

     

     

    80,455

     

     

    23,700

     

     

    2,143,128

     

     

    Cumulative translation adjustment

     

     

    (57,166

    )

     

    (346,428

    )

     

    (10,780

    )

     

    (281,957

    )

     

    (79,537

    )

     

    (51,650

    )

     

    (51,681

    )

     

    (879,199

    )

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Balance at December 31,2015

     

    $

    374,766

     

    $

    2,200,804

     

    $

    118,009

     

    $

    1,870,715

     

    $

    431,090

     

    $

    326,358

     

    $

    276,245

     

    $

    5,597,987

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Additions during the year

     

     

     

     

    89,263

     

     

     

     

    409,899

     

     

    28,765

     

     

    128,243

     

     

     

     

    656,170

     

     

    Disposals during the year

     

     

    (157,791

    )

     

    (1,994,191

    )

     

    (84,808

    )

     

    (964,018

    )

     

    (45,641

    )

     

    (41,724

    )

     

     

     

    (3,288,173

    )

     

    Cumulative translation adjustment

     

     

    14,926

     

     

    111,679

     

     

    5,447

     

     

    71,521

     

     

    14,933

     

     

    12,265

     

     

    8,526

     

     

    239,297

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Balance as at December 31, 2016

     

    $

    231,901

     

    $

    407,555

     

    $

    38,648

     

    $

    1,388,117

     

    $

    429,147

     

    $

    425,142

     

    $

    284,771

     

    $

    3,205,281

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Additions during the period

     

     

     

     

     

     

    127,181

     

     

    146,388

     

     

    77,518

     

     

    145,424

     

     

    9,156

     

     

    505,667

     

     

    Cumulative translation adjustment

     

     

    17,592

     

     

    30,916

     

     

    4,109

     

     

    115,223

     

     

    37,257

     

     

    41,707

     

     

    22,158

     

     

    268,962

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Balance as at December 31, 2017

     

    $

    249,493

     

    $

    438,471

     

    $

    169,938

     

    $

    1,649,728

     

    $

    543,922

     

    $

    612,273

     

    $

    316,085

     

    $

    3,979,910

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    ACCUMULATED DEPRECIATION

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Balance at January 1, 2015

     

    $

     

    $

    343,295

     

    $

    958

     

    $

    694,265

     

    $

    222,154

     

    $

    279,427

     

    $

    140,688

     

    $

    1,680,787

     

     

    Depreciation for the year

     

     

     

     

    51,010

     

     

    34,119

     

     

    270,231

     

     

    78,158

     

     

    36,817

     

     

    33,374

     

     

    503,709

     

     

    Cumulative translation adjustment

     

     

     

     

     

    (59,066

    )

     

    (2,062

    )

     

    (130,469

    )

     

    (42,706

    )

     

    (47,318

    )

     

    (25,444

    )

     

    (307,065

    )

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Balance at December 31, 2015

     

    $

     

    $

    335,239

     

    $

    33,015

     

    $

    834,027

     

    $

    257,606

     

    $

    268,926

     

    $

    148,618

     

    $

    1,877,431

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Depreciation for the year

     

     

     

     

    77,205

     

     

    50,101

     

     

    402,426

     

     

    61,645

     

     

    137,682

     

     

    26,675

     

     

    755,734

     

     

    Disposals during the year

     

     

     

     

    (395,674

    )

     

    (57,933

    )

     

    (584,186

    )

     

    (29,746

    )

     

    (14,779

    )

     

     

     

    (1,082,318

    )

     

    Cumulative translation adjustment

     

     

     

     

    18,130

     

     

    1,567

     

     

    31,536

     

     

    7,694

     

     

    5,647

     

     

    4,225

     

     

    68,799

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Balance at December 31, 2016

     

    $

     

    $

    34,900

     

    $

    26,750

     

    $

    683,803

     

    $

    297,199

     

    $

    397,476

     

    $

    179,518

     

    $

    1,619,646

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Depreciation for the period

     

     

     

     

    15,484

     

     

    35,702

     

     

    254,794

     

     

    64,166

     

     

    140,652

     

     

    23,747

     

     

    534,545

     

     

    Cumulative translation adjustment

     

     

     

     

    3,179

     

     

    3,964

     

     

    60,347

     

     

    24,730

     

     

    33,889

     

     

    14,429

     

     

    140,538

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Balance as at December 31, 2017

     

    $

     

    $

    53,563

     

    $

    66,416

     

    $

    998,944

     

    $

    386,095

     

    $

    572,018

     

    $

    217,694

     

    $

    2,294,729

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    CARRYING AMOUNTS

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    As at December 31, 2015

     

    $

    374,766

     

    $

    1,865,565

     

    $

    84,994

     

    $

    1,036,688

     

    $

    173,484

     

    $

    57,432

     

    $

    127,627

     

    $

    3,720,556

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    As at December 31, 2016

     

    $

    231,901

     

    $

    372,655

     

    $

    11,898

     

    $

    704,314

     

    $

    131,948

     

    $

    27,666

     

    $

    105,253

     

    $

    1,585,635

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    As at December 31, 2017

     

    $

    249,493

     

    $

    384,908

     

    $

    103,522

     

    $

    650,784

     

    $

    157,827

     

    $

    40,256

     

    $

    98,391

     

    $

    1,685,181