Sky Solar Holdings, Ltd. | CIK:0001594124 | 3

  • Filed: 4/27/2018
  • Entity registrant name: Sky Solar Holdings, Ltd. (CIK: 0001594124)
  • Generator: Merrill
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1594124/000110465918027856/0001104659-18-027856-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1594124/000110465918027856/skys-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001594124
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  • ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory

     

    25.    OTHER NON-CURRENT ASSETS

     

     

     

    At December 31,

     

     

     

    2016

     

    2017

     

     

     

    Thousand USD

     

    Thousand USD

     

    Long term deposits relate to IPP solar parks (a)

     

    4,947

     

    1,660

     

    Long-term loan to a third party (b)

     

    9,208

     

    7,974

     

    Others

     

    359

     

    1,411

     

     

     

     

     

     

     

     

     

    14,514

     

    11,045

     

     

     

     

     

     

     

     

    (a)

    The balance of long term deposits were the guarantee deposits for power purchase agreements related to the IPP solar parks in Uruguay amounting to USD3.3 million and reduced to nil as at December 31, 2016 and 2017, respectively. The balance of long term deposits for land rental related to the IPP solar parks in Japan were USD1.6 million and USD 1.7 million as at December 31, 2016 and 2017, respectively.

     

    (b)

    The loan to a third party represents the USD 9.2 million and USD 8.0 million long-term note receivable as at December 31, 2016 and 2017, respectively, which was obtained in connection with the acquisition of a subsidiary in the USA in 2016 which holds 23MW of solar parks (Note 33). The note receivable bears annual interest of 1% and is with principle payment schedule from 2018 to 2041.