14.PROPERTY, PLANT AND EQUIPMENT
For the years ended December 31, 2017 and 2016, changes in the net carrying amount of property, plant and equipment are as follows:
|
|
|
Land, |
|
Machinery |
|
Telecommuncation |
|
Projects |
|
Total |
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Cost |
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Balance as of December 31, 2015 |
|
$ |
498.7 |
|
$ |
1,521.9 |
|
$ |
5,193.8 |
|
$ |
74.6 |
|
$ |
7,289.0 |
|
|
Additions |
|
79.2 |
|
188.1 |
|
341.0 |
|
99.3 |
|
707.6 |
|
|||||
|
Net change in additions financed with accounts payable |
|
— |
|
(3.3 |
) |
10.5 |
|
(4.4 |
) |
2.8 |
|
|||||
|
Business acquisitions (note 11) |
|
0.5 |
|
0.3 |
|
31.9 |
|
— |
|
32.7 |
|
|||||
|
Reclassification |
|
— |
|
10.2 |
|
66.6 |
|
(76.8 |
) |
— |
|
|||||
|
Retirement, disposals and other |
|
(4.8 |
) |
(53.6 |
) |
(94.7 |
) |
(0.2 |
) |
(153.3 |
) |
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Balance as of December 31, 2016 |
|
573.6 |
|
1,663.6 |
|
5,549.1 |
|
92.5 |
|
7,878.8 |
|
|||||
|
Additions |
|
39.4 |
|
145.5 |
|
364.4 |
|
56.0 |
|
605.3 |
|
|||||
|
Net change in additions financed with accounts payable |
|
— |
|
(2.0 |
) |
(3.4 |
) |
1.0 |
|
(4.4 |
) |
|||||
|
Reclassification |
|
— |
|
14.4 |
|
90.1 |
|
(104.5 |
) |
— |
|
|||||
|
Retirement, disposals and other |
|
(0.1 |
) |
(70.3 |
) |
(98.4 |
) |
1.2 |
|
(167.6 |
) |
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Balance as of December 31, 2017 |
|
$ |
612.9 |
|
$ |
1,751.2 |
|
$ |
5,901.8 |
|
$ |
46.2 |
|
$ |
8,312.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Land, |
|
Machinery |
|
Telecommunication |
|
Projects |
|
Total |
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Accumulated depreciation and impairment losses |
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Balance as of December 31, 2015 |
|
$ |
183.8 |
|
$ |
930.5 |
|
$ |
2,794.8 |
|
$ |
— |
|
$ |
3,909.1 |
|
|
Depreciation |
|
18.0 |
|
207.4 |
|
327.1 |
|
— |
|
552.5 |
|
|||||
|
Retirement, disposals and other |
|
(1.8 |
) |
(49.6 |
) |
(93.9 |
) |
— |
|
(145.3 |
) |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Balance as of December 31, 2016 |
|
200.0 |
|
1,088.3 |
|
3,028.0 |
|
— |
|
4,316.3 |
|
|||||
|
Depreciation |
|
21.9 |
|
199.1 |
|
384.0 |
|
— |
|
605.0 |
|
|||||
|
Retirement, disposals and other |
|
(0.2 |
) |
(65.7 |
) |
(97.6 |
) |
— |
|
(163.5 |
) |
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
As of December 31, 2017 |
|
$ |
221.7 |
|
$ |
1,221.7 |
|
$ |
3,314.4 |
|
$ |
— |
|
$ |
4,757.8 |
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
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|
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|
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|
Net carrying amount |
|
|
|
|
|
|
|
|
|
|
|
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|
As of December 31, 2016 |
|
$ |
373.6 |
|
$ |
575.3 |
|
$ |
2,521.1 |
|
$ |
92.5 |
|
$ |
3,562.5 |
|
|
As of December 31, 2017 |
|
$ |
391.2 |
|
$ |
529.5 |
|
$ |
2,587.4 |
|
$ |
46.2 |
|
$ |
3,554.3 |
|
In 2017, the calculation of the depreciation of a component of the Corporation’s telecommunication networks was changed in order to depreciate it over its useful life of 5 years, compared with 15 years previously. As a result, depreciation was increased by $21.0 million in 2017.