Loncor Resources Inc. | CIK:0001472619 | 3

  • Filed: 5/4/2018
  • Entity registrant name: Loncor Resources Inc. (CIK: 0001472619)
  • Generator: Compliance Xpressware
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1472619/000106299318001924/0001062993-18-001924-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1472619/000106299318001924/ln-20171231.xml
  • XBRL Cloud Viewer: Click to open XBRL Cloud Viewer
  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001472619
  • Open this page in separate window: Click

    • ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory

    7.

    PROPERTY, PLANT AND EQUIPMENT

    The Company’s property, plant and equipment are summarized as follows:

              Office &           Field camps              
        Furniture &     Communication     Vehicles     and     Leasehold     Total  
        fixtures     equipment           equipment     improvements        

     

    		   $  

     

    $

     

    		   $     $  

     

    $

     

    		   $  

    Cost

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     Balance at January 1, 2016

     

    151,786

     

     

    102,692

     

     

    11,707

     

     

    425,003

     

     

    84,906

     

     

    776,094

     

     Additions

     

    -

     

     

    -

     

     

    -

     

     

    -

     

     

    -

     

     

    -

     

     Disposals

     

    -

     

     

    -

     

     

    -

     

     

    -

     

     

    -

     

     

    -

     

    Balance at December 31, 2016

     

    151,786

     

     

    102,692

     

     

    11,707

     

     

    425,003

     

     

    84,906

     

     

    776,094

     

     Additions

     

    -

     

     

    1,510

     

     

    -

     

     

    -

     

     

    -

     

     

    1,510

     

     Disposals

     

    -

     

     

    -

     

     

    -

     

     

    -

     

     

    -

     

     

    -

     

    Balance at December 31 2017

     

    151,786

     

     

    104,202

     

     

    11,707

     

     

    425,003

     

     

    84,906

     

     

    777,604

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Accumulated Depreciation

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     Balance at January 1, 2016

     

    129,249

     

     

    101,834

     

     

    11,707

     

     

    366,323

     

     

    84,906

     

     

    694,019

     

     Additions

     

    4,181

     

     

    857

     

     

    -

     

     

    41,634

     

     

    -

     

     

    46,672

     

     Disposals

     

    -

     

     

    -

     

     

    -

     

     

    -

     

     

    -

     

     

    -

     

    Balance at December 31, 2016

     

    133,429

     

     

    102,691

     

     

    11,707

     

     

    407,957

     

     

    84,906

     

     

    740,691

     

     Additions

     

    3,405

     

     

    189

     

     

    -

     

     

    17,046

     

     

    -

     

     

    20,640

     

     Disposals

     

    -

     

     

    -

     

     

    -

     

     

    -

     

     

    -

     

     

    -

     

    Balance at December 31 2017

     

    136,834

     

     

    102,880

     

     

    11,707

     

     

    425,003

     

     

    84,906

     

     

    761,329

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Carrying amounts

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     Balance at December 31, 2016

     

    18,357

     

     

    -

     

     

    -

     

     

    17,046

     

     

    -

     

     

    35,403

     

     Balance at December 31, 2017

     

    14,952

     

     

    1,322

     

     

    -

     

     

    -

     

     

    -

     

     

    16,275

     

    During the year ended December 31, 2017, depreciation in the amount of $62 (year ended December 31, 2016 - $42,819) was capitalized to exploration and evaluation assets.