XML 45 R38.htm IDEA: XBRL DOCUMENT v3.8.0.1
SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2017
Disclosure of Significant Accounting Policies [Abstract]  
Schedule of useful lives of assets
Depreciation on utilities, transport, communication and energy assets is calculated on a straight-line basis over the estimated service lives of the components of the assets, which are as follows:
(YEARS)
Useful Lives
Buildings
Up to 70
Leasehold improvements
Up to 50
District energy systems and gas storage assets
Up to 50
Machinery, equipment, transmission stations and towers
Up to 40
Network systems
Up to 60
Rail and transport assets
Up to 40
Depreciation of an asset commences when it is available for use. PP&E is depreciated on a straight-line basis over the estimated useful lives of each component of the asset as follows:
(YEARS)
Useful Lives
Buildings
Up to 50
Leasehold improvements
Up to 40
Machinery and equipment
Up to 20
Oil and gas related equipment
Up to 10
Depreciation on renewable power generating assets is calculated on a straight-line basis over the estimated service lives of the assets, which are as follows:
(YEARS)
Useful Lives
Dams
Up to 115
Penstocks
Up to 60
Powerhouses
Up to 115
Hydroelectric generating units
Up to 115
Wind generating units
Up to 30
Solar generating units
Up to 30
Other assets
Up to 60
 
Cost
 
Accumulated Fair Value Changes
 
Accumulated Depreciation
 
Total
AS AT AND FOR THE YEARS ENDED DEC. 31
(MILLIONS)
2017

 
2016

 
2017

 
2016

 
2017

 
2016

 
2017

 
2016

Balance, beginning of year
$
5,783

 
$
5,300

 
$
694

 
$
612

 
$
(825
)
 
$
(596
)
 
$
5,652

 
$
5,316

Additions/(dispositions)1, net of assets reclassified as held for sale
(502
)
 
254

 
44

 
—

 
246

 
(6
)
 
(212
)
 
248

Acquisitions through business combinations
281

 
652

 
—

 
—

 
—

 
—

 
281

 
652

Foreign currency translation
292

 
(423
)
 
1

 
—

 
(13
)
 
21

 
280

 
(402
)
Fair value changes
—

 
—

 
59

 
82

 
—

 
—

 
59

 
82

Depreciation expenses
—

 
—

 
—

 
—

 
(281
)
 
(244
)
 
(281
)
 
(244
)
Balance, end of year
$
5,854

 
$
5,783

 
$
798

 
$
694

 
$
(873
)
 
$
(825
)
 
$
5,779

 
$
5,652


1.
For accumulated depreciation, (additions)/dispositions
The following table presents our renewable power property, plant and equipment measured at fair value by geography:
AS AT DEC. 31
(MILLIONS)
2017

 
2016

North America
$
22,832

 
$
17,132

Brazil
3,443

 
2,893

Colombia
5,401

 
5,275

Europe
1,088

 
1,253

Other1
826

 
—

 
$
33,590

 
$
26,553


1.
Other refers primarily to South Africa, China, India, Malaysia and Thailand
Our renewable power property, plant and equipment consists of the following:
 
Hydroelectric
 
Wind Energy, Solar
and Other
 
Total
AS AT AND FOR THE YEARS ENDED DEC. 31
(MILLIONS)
2017

 
2016

 
2017

 
2016

 
2017

 
2016

Cost, beginning of year
$
14,382

 
$
7,441

 
$
3,649

 
$
3,509

 
$
18,031

 
$
10,950

Additions, net of disposals and assets reclassified as held for sale
256

 
253

 
(273
)
 
80

 
(17
)
 
333

Acquisitions through business combinations
—

 
5,731

 
6,923

 
10

 
6,923

 
5,741

Foreign currency translation
29

 
957

 
25

 
50

 
54

 
1,007

Cost, end of year
14,667

 
14,382

 
10,324

 
3,649

 
24,991

 
18,031

 
 
 
 
 
 
 
 
 
 
 
 
Accumulated fair value changes, beginning of year
11,440

 
11,035

 
858

 
615

 
12,298

 
11,650

Fair value changes
341

 
100

 
33

 
216

 
374

 
316

Dispositions and assets reclassified as held for sale
(8
)
 
—

 
—

 
—

 
(8
)
 
—

Foreign currency translation and other
403

 
305

 
213

 
27

 
616

 
332

Accumulated fair value changes, end of year
12,176

 
11,440

 
1,104

 
858

 
13,280

 
12,298

 
 
 
 
 
 
 
 
 
 
 
 
Accumulated depreciation, beginning of year
(2,947
)
 
(2,248
)
 
(829
)
 
(614
)
 
(3,776
)
 
(2,862
)
Depreciation expenses
(579
)
 
(586
)
 
(287
)
 
(217
)
 
(866
)
 
(803
)
Dispositions and assets reclassified as held for sale
—

 
9

 
51

 
5

 
51

 
14

Foreign currency translation and other
(38
)
 
(122
)
 
(52
)
 
(3
)
 
(90
)
 
(125
)
Accumulated depreciation, end of year
(3,564
)
 
(2,947
)
 
(1,117
)
 
(829
)
 
(4,681
)
 
(3,776
)
Balance, end of year
$
23,279

 
$
22,875

 
$
10,311

 
$
3,678

 
$
33,590

 
$
26,553

The company’s property, plant and equipment relates to the operating segments as shown below:
 
Renewable
Power (a)
 
Infrastructure (b)
 
Real Estate (c)
 
Private Equity
and Other (d)
 
Total
AS AT DEC. 31
(MILLIONS)
2017

 
2016

 
2017

 
2016

 
2017

 
2016

 
2017

 
2016

 
2017

 
2016

Costs
$
24,991

 
$
18,031

 
$
9,253

 
$
8,045

 
$
5,854

 
$
5,783

 
$
4,050

 
$
5,268

 
$
44,148

 
$
37,127

Accumulated fair value changes1
13,280

 
12,298

 
3,272

 
2,690

 
798

 
694

 
(231
)
 
(243
)
 
17,119

 
15,439

Accumulated depreciation
(4,681
)
 
(3,776
)
 
(1,622
)
 
(1,190
)
 
(873
)
 
(825
)
 
(1,086
)
 
(1,429
)
 
(8,262
)
 
(7,220
)
Total
$
33,590

 
$
26,553

 
$
10,903

 
$
9,545

 
$
5,779

 
$
5,652

 
$
2,733

 
$
3,596

 
$
53,005

 
$
45,346

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

1.
The accumulated fair value changes for private equity and other represent accumulated impairment charges, as assets in these segments are carried at amortized cost
Our infrastructure property, plant and equipment consists of the following:
 
Utilities (i)
 
Transport (i)
 
Energy (i)
 
Sustainable Resources (ii)
 
Total
AS AT AND FOR THE YEARS ENDED DEC. 31
(MILLIONS)
2017

 
2016

 
2017

 
2016

 
2017

 
2016

 
2017

 
2016

 
2017

 
2016

Cost, beginning of year
$
2,894

 
$
2,945

 
$
2,361

 
$
1,953

 
$
2,382

 
$
1,487

 
$
408

 
$
340

 
$
8,045

 
$
6,725

Additions, net of disposals and assets reclassified as held for sale
350

 
367

 
103

 
78

 
81

 
89

 
93

 
5

 
627

 
539

Acquisitions through business combinations
—

 
—

 
—

 
242

 
100

 
825

 
—

 
—

 
100

 
1,067

Foreign currency translation
229

 
(418
)
 
191

 
88

 
67

 
(19
)
 
(6
)
 
63

 
481

 
(286
)
Cost, end of year
3,473

 
2,894

 
2,655

 
2,361

 
2,630

 
2,382

 
495

 
408

 
9,253

 
8,045

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated fair value changes, beginning of year
1,044

 
946

 
782

 
973

 
351

 
209

 
513

 
385

 
2,690

 
2,513

Fair value changes
136

 
184

 
24

 
25

 
257

 
123

 
13

 
56

 
430

 
388

Foreign currency translation and other
76

 
(86
)
 
67

 
(216
)
 
21

 
19

 
(12
)
 
72

 
152

 
(211
)
Accumulated fair value changes, end of year
1,256

 
1,044

 
873

 
782

 
629

 
351

 
514

 
513

 
3,272

 
2,690

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated depreciation, beginning of year
(384
)
 
(291
)
 
(517
)
 
(418
)
 
(258
)
 
(172
)
 
(31
)
 
(19
)
 
(1,190
)
 
(900
)
Depreciation expenses
(113
)
 
(128
)
 
(147
)
 
(126
)
 
(117
)
 
(99
)
 
(10
)
 
(19
)
 
(387
)
 
(372
)
Dispositions and assets reclassified as held for sale
16

 
1

 
22

 
1

 
4

 
—

 
3

 
1

 
45

 
3

Foreign currency translation and other
(28
)
 
34

 
(45
)
 
26

 
(12
)
 
13

 
(5
)
 
6

 
(90
)
 
79

Accumulated depreciation, end of year
(509
)
 
(384
)
 
(687
)
 
(517
)
 
(383
)
 
(258
)
 
(43
)
 
(31
)
 
(1,622
)
 
(1,190
)
Balance, end of year
$
4,220

 
$
3,554

 
$
2,841

 
$
2,626

 
$
2,876

 
$
2,475

 
$
966

 
$
890

 
$
10,903

 
$
9,545

The following table presents the changes to the carrying value of the company’s property, plant and equipment assets included in these operations:
 
Cost
 
Accumulated Impairment
 
Accumulated Depreciation
 
Total
AS AT AND FOR THE YEARS ENDED DEC. 31
(MILLIONS)
2017

 
2016

 
2017

 
2016

 
2017

 
2016

 
2017

 
2016

Balance, beginning of year
$
5,268

 
$
5,309

 
$
(243
)
 
$
(231
)
 
$
(1,429
)
 
$
(1,197
)
 
$
3,596

 
$
3,881

Additions/(dispositions)1, net of assets reclassified as held for sale
(1,966
)
 
(101
)
 
36

 
4

 
752

 
125

 
(1,178
)
 
28

Acquisitions through business combinations
501

 
—

 
—

 
—

 


 
—

 
501

 
—

Foreign currency translation
247

 
60

 
(16
)
 
(16
)
 
(51
)
 
(14
)
 
180

 
30

Depreciation expenses
—

 
—

 
—

 
—

 
(358
)
 
(343
)
 
(358
)
 
(343
)
Impairment charges
—

 
—

 
(8
)
 
—

 
—

 
—

 
(8
)
 
—

Balance, end of year
$
4,050

 
$
5,268

 
$
(231
)
 
$
(243
)
 
$
(1,086
)
 
$
(1,429
)
 
$
2,733

 
$
3,596

1.
For accumulated depreciation, (additions)/dispositions