NON-IFRS EARNINGS MEASURES
The following table reconciles our Non-IFRS earnings measures to Revenue and Net Loss prepared in accordance with IFRS.
|
|
Three Months Ended
|
Year Ended December 31, | ||||||
|
|
|
2017 |
|
2016 |
|
2017 |
|
2016 |
|
REVENUE EXCLUDING NON-CASH REVENUE: |
|
|
|
|
|
|
|
|
|
Revenue per income statement |
$ |
8,978 |
$ |
57,476 |
$ |
40,393 |
$ |
111,252 |
|
Non-cash revenue |
|
- |
|
(45,803) |
|
- |
|
(61,344) |
|
REVENUE EXCLUDING NON-CASH REVENUE |
$ |
8,978 |
$ |
11,673 |
$ |
40,393 |
$ |
49,908 |
|
ADJUSTED EBITDA: |
|
|
|
|
|
|
|
|
|
Net loss |
$ |
(16,363) |
|
(8,317) |
$ |
(31,747) |
$ |
(29,312) |
|
Add back (subtract): |
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
4,227 |
|
46,851 |
|
17,045 |
|
66,128 |
|
Net finance costs |
|
676 |
|
353 |
|
2,082 |
|
1,989 |
|
Income tax (recovery) expense |
|
(106) |
|
766 |
|
(3,067) |
|
(2,141) |
|
EBITDA |
|
(11,566) |
|
39,653 |
|
(15,687) |
|
36,664 |
|
Non-cash revenue |
|
- |
|
(45,803) |
|
- |
|
(61,344) |
|
Non-cash operating costs |
|
- |
|
3,944 |
|
- |
|
15,680 |
|
Impairment of assets |
|
8,735 |
|
3,085 |
|
9,399 |
|
10,865 |
|
Share-based payments expense |
|
610 |
|
702 |
|
2,643 |
|
2,594 |
|
(Gain) loss on derivative financial instruments |
|
(216) |
|
803 |
|
(1,561) |
|
1,578 |
|
Foreign exchange loss (gain) |
|
88 |
|
(506) |
|
2,053 |
|
(400) |
|
ADJUSTED EBITDA |
$ |
(2,349) |
$ |
1,878 |
$ |
(3,153) |
$ |
5,637 |
