INTERTAPE POLYMER GROUP INC | CIK:0000880224 | 3

  • Filed: 3/29/2018
  • Entity registrant name: INTERTAPE POLYMER GROUP INC (CIK: 0000880224)
  • Generator: Workiva (WebFilings)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/880224/000088022418000016/0000880224-18-000016-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/880224/000088022418000016/itp-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0000880224
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    • ifrs-full:DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesExplanatory

    Details of the impairment tests performed are outlined below:
    Carrying amount allocated to the asset group
     
    Goodwill
    $41,690
    Intangible assets with indefinite useful lives
    $7,964
    Results of test performed as of December 31, 2017:
     
    Recoverable amount
    $971,752
    Annual revenue growth rates (1)
    10.2% in 2018,
    2.5% thereafter

    Discount rate (2)
    10.6
    %
    Cash flows beyond 2018 have been extrapolated using a steady growth rate of (3)
    2.5
    %
    Income tax rate (4)
    23.0
    %
    Sensitivity analysis performed using reasonably possible changes in key assumptions above:
    Revenue growth rates
    6.6% in 2018, 0% thereafter

    Discount rate
    12.0
    %
    Cash flows beyond 2018 have been extrapolated using a steady growth rate of
    1.0
    %
    Income tax rate
    39.0
    %
    There was no impairment resulting from changing the individual assumptions above.