Recently issued accounting standards	3 Months Ended
Mar. 31, 2018
Recently issued accounting standards	13. Recently issued accounting standards Effective January 1, 2019, Imperial will adopt the Financial Accounting Standards Board’s standard, Leases, as amended. The standard requires all leases with an initial term greater than one year be recorded on the balance sheet as an asset and a lease liability. Imperial is gathering and evaluating data, and recently acquired a system to facilitate implementation. The company continues to progress an assessment of the magnitude of the effect on the company’s financial statements.

Recently issued accounting standards

3 Months Ended

Mar. 31, 2018

13. Recently issued accounting standards

Effective January 1, 2019, Imperial will adopt the Financial Accounting Standards Board’s standard, Leases, as amended. The standard requires all leases with an initial term greater than one year be recorded on the balance sheet as an asset and a lease liability. Imperial is gathering and evaluating data, and recently acquired a system to facilitate implementation. The company continues to progress an assessment of the magnitude of the effect on the company’s financial statements.