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:DisclosureOfOtherProvisionsExplanatory


       
    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.