Summary of Depreciation Calculation |
Capital assets are recorded at cost, net of accumulated amortization and impairment, if any. Amortization for the properties included in our capital assets is calculated using the following terms and methods:
Asset type |
Depreciation method |
Depreciation term (estimated useful life) |
Land |
Not depreciated |
No term |
Production facility |
Straight-line |
20 – 30 years |
Equipment |
Straight-line |
3 – 25 years |
Leasehold improvements |
Straight-line |
Lesser of estimated useful life or lease term |
Construction in progress |
Not depreciated |
No term |
Finance lease right-of-use assets |
Straight-line |
Lesser of the lease term and the useful life of the leased asset |
Capital asset consisted of the following:
|
|
Land |
|
|
Production
facility |
|
|
Equipment |
|
|
Leasehold
improvements |
|
|
ROU
assets
under
finance
lease |
|
|
Construction
in process |
|
|
Total
capital
assets |
|
Cost: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At May 31, 2019 |
|
$ |
24,047 |
|
|
$ |
168,614 |
|
|
$ |
57,755 |
|
|
$ |
896 |
|
|
$ |
— |
|
|
$ |
126,338 |
|
|
$ |
377,650 |
|
Additions |
|
|
— |
|
|
|
3,342 |
|
|
|
15,691 |
|
|
|
925 |
|
|
|
— |
|
|
|
75,557 |
|
|
|
95,515 |
|
Transfers |
|
|
54 |
|
|
|
27,968 |
|
|
|
81,112 |
|
|
|
11,996 |
|
|
|
— |
|
|
|
(121,130 |
) |
|
|
— |
|
Disposals |
|
|
— |
|
|
|
— |
|
|
|
(5,339 |
) |
|
|
— |
|
|
|
— |
|
|
|
(4,147 |
) |
|
|
(9,486 |
) |
Impairment |
|
|
(11 |
) |
|
|
(2,561 |
) |
|
|
(34 |
) |
|
|
(89 |
) |
|
|
— |
|
|
|
(1,602 |
) |
|
|
(4,297 |
) |
Effect of foreign exchange |
|
|
(2 |
) |
|
|
(505 |
) |
|
|
(2,117 |
) |
|
|
(345 |
) |
|
|
— |
|
|
|
1,476 |
|
|
|
(1,493 |
) |
At May 31, 2020 |
|
|
24,088 |
|
|
|
196,858 |
|
|
|
147,068 |
|
|
|
13,383 |
|
|
|
— |
|
|
|
76,492 |
|
|
|
457,889 |
|
Business acquisition |
|
|
5,538 |
|
|
|
55,916 |
|
|
|
35,045 |
|
|
|
1,560 |
|
|
|
35,519 |
|
|
|
46,151 |
|
|
|
179,729 |
|
Additions |
|
|
261 |
|
|
|
3,236 |
|
|
|
6,284 |
|
|
|
525 |
|
|
|
— |
|
|
|
25,773 |
|
|
|
36,079 |
|
Transfers |
|
|
— |
|
|
|
63,159 |
|
|
|
11,189 |
|
|
|
— |
|
|
|
— |
|
|
|
(74,348 |
) |
|
|
— |
|
Disposals |
|
|
(5,237 |
) |
|
|
— |
|
|
|
(513 |
) |
|
|
(192 |
) |
|
|
— |
|
|
|
— |
|
|
|
(5,942 |
) |
ROU Amortization |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(827 |
) |
|
|
— |
|
|
|
(827 |
) |
Effect of foreign exchange |
|
|
3,899 |
|
|
|
27,341 |
|
|
|
16,335 |
|
|
|
1,783 |
|
|
|
34 |
|
|
|
11,254 |
|
|
|
60,646 |
|
At May 31, 2021 |
|
$ |
28,549 |
|
|
$ |
346,510 |
|
|
$ |
215,408 |
|
|
$ |
17,059 |
|
|
$ |
34,726 |
|
|
$ |
85,322 |
|
|
$ |
727,574 |
|
Accumulated amortization: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At May 31, 2019 |
|
$ |
— |
|
|
$ |
5,556 |
|
|
$ |
6,469 |
|
|
$ |
137 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
12,162 |
|
Amortization |
|
|
— |
|
|
|
10,134 |
|
|
|
14,551 |
|
|
|
336 |
|
|
|
— |
|
|
|
— |
|
|
|
25,021 |
|
At May 31, 2020 |
|
|
— |
|
|
|
15,690 |
|
|
|
21,020 |
|
|
|
473 |
|
|
|
— |
|
|
|
— |
|
|
|
37,183 |
|
Amortization |
|
|
— |
|
|
|
14,007 |
|
|
|
24,996 |
|
|
|
690 |
|
|
|
— |
|
|
|
— |
|
|
|
39,693 |
|
At May 31, 2021 |
|
$ |
— |
|
|
$ |
29,697 |
|
|
$ |
46,016 |
|
|
$ |
1,163 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
76,876 |
|
Net book value: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At May 31, 2019 |
|
$ |
24,047 |
|
|
$ |
163,058 |
|
|
$ |
51,286 |
|
|
$ |
759 |
|
|
$ |
— |
|
|
$ |
126,338 |
|
|
$ |
365,488 |
|
At May 31, 2020 |
|
$ |
24,088 |
|
|
$ |
181,168 |
|
|
$ |
126,048 |
|
|
$ |
12,910 |
|
|
$ |
— |
|
|
$ |
76,492 |
|
|
$ |
420,706 |
|
At May 31, 2021 |
|
$ |
28,549 |
|
|
$ |
316,813 |
|
|
$ |
169,392 |
|
|
$ |
15,896 |
|
|
$ |
34,726 |
|
|
$ |
85,322 |
|
|
$ |
650,698 |
|
|