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Asset Impairment and Other Losses Recoverable through Insurance Claim (Schedule Of The Total Incurred Losses And Recoverable Amounts From Insurance Claims) (Details) - 12 months ended Dec. 31, 2016
NZD in Thousands, $ in Thousands
NZD
USD ($)
[5]
USD ($)
Asset Impairment and Other Losses Recoverable through Insurance Claim [Abstract]      
Written down value of parking structure, Total [1] NZD 14,246    
Written down value of parking structure, Less: Recorded to Statement of Operations [1],[2] (795)    
Written down value of parking structure, Recoverable Assets under Insurance Claim [1],[3] 13,451    
Estimated demolition costs, Total 8,500 [4]   $ 5,900
Estimated demolition costs, Less: Recorded to Statement of Operations [2],[4] (1,224)    
Estimated demolition costs, Recoverable Assets under Insurance Claim [3],[4] 7,276    
Total expected incurred losses 22,746    
Total expected incurred losses, Recoverable Asset under Insurance Claim [3] 20,727    
Less: Advance payment from Insurer (7,103) [5],[6]   5,000
Insurance Recoverable for Incurred Losses, Total 15,643   10,884 [5]
Less: Recorded to Statement of Operations Total [2] (2,019) $ (1,421)  
Insurance Recoverable for Incurred Losses, Recoverable Asset under Insurance Claim [3] NZD 13,624   $ 9,480 [5]
[1] Recorded land value was excluded in the impairment determination. The reduction to the written down value represents the 5% deductible calculated based on the estimated value of the insured damaged parking structure for insurance purposes.
[2] Total impact to current income of $1.4 million (NZ$2.0 million) is presented as a separate line in our Statement of Operations.
[3] The recoverable asset of $9.5 million (NZ$13.6 million) is presented as part of "Other non-current assets" as the timing of the insurance claim receipt is not fixed nor reliably determinable.
[4] $862,000 (NZ$1.2 million) or 14% of total estimated demolition costs was preliminarily assessed as expenses not reimbursable under our insurance policy and hence, we recorded in profit and loss.
[5] In line with our standard translation policy, the recoverable asset of NZ$13.6 million was translated into U.S. dollars based on the spot exchange rate as of December 31, 2016, while the impact on our statement of operations was translated using the average exchange rate for the month of December 2016.
[6] This represents the advanced claims settlement from the Insurer of $5.0 million (NZ$7.1 million).