The following table illustrates the sensitivity in operations at December 31, 2017 and 2016 to a reasonably possible change in the interest rates of +/- 1%. These changes are considered to be reasonably possible based on the current market conditions. The calculations are based on a variance in the average market interest rate for each period and the financial instruments on the reporting date that are sensitive to variances in the interest rates. The rest of the variables remain constant.
| | | 2017 | | | 2016 | |
| | | +1% Variance | | | -1% Variance | | | +1% Variance | | | -1% Variance | |
Profit or loss for the year | | $ | (2,048 | ) | | $ | 2,048 | | | $ | (2,262 | ) | | $ | 2,262 | |
