Kenon Holdings Ltd. | CIK:0001611005 | 3

  • Filed: 4/9/2018
  • Entity registrant name: Kenon Holdings Ltd. (CIK: 0001611005)
  • Generator: GoXBRL
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1611005/000117891318001140/0001178913-18-001140-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1611005/000117891318001140/ken-20171231.xml
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    • ifrs-full:DisclosureOfProvisionsExplanatory

    Note 20 – Provisions

       
    Financial Guarantee*
    		    
    Others
    		    
    Total
    		    
    Financial Guarantee*
    		    
    Others**
    		    
    Total
    		  
       
    2017
    		    
    2016
    		  
       
    $ thousands
    		    
    $ thousands
    		  
    Balance at January, 1
    		    
    118,763
    		      
    768
    		      
    119,531
    		      
    -
    		      
    41,686
    		      
    41,686
    		  
    Reclassified from long-term liabilities
    		    
    -
    		      
    -
    		      
    -
    		      
    34,263
    		      
    -
    		      
    34,263
    		  
    Provision made during the year
    		    
    -
    		      
    -
    		      
    -
    		      
    130,193
    		      
    -
    		      
    130,193
    		  
    Provision reversed to profit/(loss) during the year
    		    
    -
    		      
    -
    		      
    -
    		      
    (4,587
    )
    		    
    -
    		      
    (4,587
    )
    Provision paid/ released
    		    
    (74,421
    )
    		    
    (768
    )
    		    
    (75,189
    )
    		    
    (36,023
    )
    		    
    (40,170
    )
    		    
    (76,193
    )
    Effects of foreign currency
    		    
    -
    		      
    -
    		      
    -
    		      
    (5,083
    )
    		    
    (748
    )
    		    
    (5,831
    )
    Balance at December, 31
    		    
    44,342
    		      
    -
    		      
    44,342
    		      
    118,763
    		      
    768
    		      
    119,531
    		  
     
    * Relates to Kenon’s provision of financial guarantees to Chery in respect of an obligation of Qoros (see Note 10.C.b.7).
     
    ** Corresponds to a provision made by an I.C. Power’s subsidiary as a result of a regulator charge. Expenses related to this provision were recognized in the cost of sales in the amount of $15 million in 2015.