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Real estate impairment
12 Months Ended
Dec. 31, 2012
Real estate impairment [Abstract]  
Real estate impairment
Real estate impairment

Real estate assets at December 31, 2012 and 2011 include condominiums and marina slips remaining to be sold at Porto Cupecoy on the Dutch side of St. Martin. OEH records impairment charges against the carrying value of real estate assets if the carrying value exceeds the fair value less costs to sell.  As at December 31, 2012, OEH reclassified Porto Cupecoy real estate assets for all periods presented as assets held for sale, as the Company anticipated a sale to a third party of assets not already encumbered by existing sales contracts. This sale closed in January 2013. Based on the agreed sales price of $19,000,000, OEH recorded an impairment of $3,166,000 for the year ended December 31, 2012. For the year ended December 31, 2011, OEH had determined that the fair value less costs to sell of real estate assets was less than the carrying value, which resulted in the recognition of a non-cash impairment charge of $36,868,000 (2010 - $24,616,000), computed using Level 3 inputs, namely the estimated selling prices and estimated selling costs based on OEH’s recent experience with sales of condominiums and marina slips already completed.  This impairment charge resulted primarily from changes in the estimates of price and pace of future sales as a result of current market conditions.  Additionally as part of the overall impairment calculation for the year ended December 31, 2011, property, plant and equipment at the Porto Cupecoy development with a carrying value of $1,677,000 were written down to a fair value of $Nil
 
The total impairment charges of $3,166,000 (2011 - $38,545,000; 2010 - $24,616,000) relate to the real estate segment, and are reported within discontinued operations in the statements of consolidated operations. See Note 2.