XML 66 R53.htm IDEA: XBRL DOCUMENT v3.8.0.1
BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2017
BORROWINGS  
Schedule of bank borrowings

                                                                                                                                                                                    

 

 

At December 31,
2016

 

At December 31,
2017

 

 

 

$

 

$

 

Bank borrowings

 

 

1,960,893

 

 

2,043,974

 

​  

​  

​  

​  

Analysis as:

 

 

 

 

 

 

 

Short-term

 

 

902,348

 

 

829,035

 

Long-term, current portion

 

 

675,857

 

 

860,954

 

​  

​  

​  

​  

Subtotal for short-term

 

 

1,578,205

 

 

1,689,989

 

Long-term, non-current portion

 

 

382,688

 

 

353,985

 

​  

​  

​  

​  

Borrowings from non-banking institutions

 

 

132,595

 

 

318,122

 

​  

​  

​  

​  

Analysis as:

 

 

 

 

 

 

 

Short-term

 

 

 

 

270

 

Long-term, current portion

 

 

21,828

 

 

267,496

 

​  

​  

​  

​  

Subtotal for short-term

 

 

21,828

 

 

267,766

 

Long-term, non-current portion

 

 

110,767

 

 

50,356

 

​  

​  

​  

​  

Total

 

 

2,093,488

 

 

2,362,096

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of the Company's short-term borrowings

                                                                                                                                                                                    

 

 

At December 31,
2016

 

At December 31,
2017

 

 

 

$

 

$

 

Bank borrowings

 

 

 

 

 

 

 

Short-term bank borrowings secured by restricted cash

 

 

266,685

 

 

267,507

 

Short-term bank borrowings secured by inventories

 

 

46,408

 

 

7,652

 

Short-term bank borrowings secured by prepaid land use rights and property, plant and equipment

 

 

211,263

 

 

248,502

 

Short-term bank borrowings secured by project assets and solar power systems

 

 

82,079

 

 

2,700

 

Unsecured short-term borrowings

 

 

295,913

 

 

302,674

 

Long-term borrowings due within one year

 

 

 

 

 

 

 

Long-term borrowings due within one year secured by prepaid land use rights and property, plant and equipment

 

 

16,919

 

 

8,313

 

Long-term borrowings due within one year secured by project assets and solar power systems

 

 

630,696

 

 

690,283

 

Long-term bank borrowings due within one year secured by equity

 

 

18,765

 

 

151,000

 

Unsecured long-term borrowings due within one year

 

 

9,477

 

 

11,358

 

​  

​  

​  

​  

 

 

 

1,578,205

 

 

1,689,989

 

Borrowings from non-banking institutions

 

 


 

 

 


 

 

Short-term borrowings secured by project assets

 

 

 

 

270

 

Long-term borrowings due within one year secured by project assets

 

 

2,640

 

 

205,873

 

Unsecured long-term borrowings due within one year

 

 

19,188

 

 

61,623

 

​  

​  

​  

​  

 

 

 

21,828

 

 

267,766

 

​  

​  

​  

​  

Total

 

 

1,600,033

 

 

1,957,755

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of the Company's long-term borrowings

                                                                                                                                                                                    

 

 

 

At December 31,
2016

 

At December 31,
2017

 

 

 

 

$

 

$

 

 

Bank borrowings

 

 

 

 

 

 

 

 

Unsecured long-term bank borrowings

 

 

 

 

87,852

 

 

Long-term bank borrowings secured by project assets and solar power systems

 

 

27,100

 

 

24,640

 

 

Long-term bank borrowings secured by property, plant and equipment

 

 

15,588

 

 

83,329

 

 

Long-term bank borrowings secured by equity

 

 

340,000

 

 

150,000

 

 

Long-term borrowings secured by inventory

 

 

 

 

8,164

 

​  

​  

​  

​  

 

 

 

 

382,688

 

 

353,985

 

 

Borrowings from non-banking institutions

 

 


 

 

 


 

 

 

Long-term borrowings secured by project assets and solar power systems

 

 

49,767

 

 

 

 

Unsecured long-term borrowings

 

 

61,000

 

 

50,356

 

​  

​  

​  

​  

 

 

 

 

110,767

 

 

50,356

 

​  

​  

​  

​  

 

Total

 

 

493,455

 

 

404,341

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of future principal repayments on the long-term borrowings

                                                                                                                                                                                    

2018

 

 

1,128,450

 

2019

 

 

332,956

 

2020

 

 

42,775

 

2021

 

 

12,873

 

2022

 

 

5,637

 

Thereafter

 

 

10,100

 

​  

​  

Total

 

 

1,532,791

 

Less: future principal repayment related to long-term borrowings, current portion

 

 

(1,128,450

)

​  

​  

Total long-term portion

 

$

404,341

 

​  

​  

​  

​  

 

Schedule of interest incurred

                                                                                                                                                                                    

 

 

Years Ended December 31

 

 

 

2015

 

2016

 

2017

 

 

 

$

 

$

 

$

 

Interest capitalized—project assets

 

 

102

 

 

47,881

 

 

13,274

 

Interest capitalized—solar power systems

 

 

23,328

 

 

3,113

 

 

 

Interest capitalized—property, plant and equipment

 

 

912

 

 

819

 

 

1,010

 

Interest expense

 

 

54,148

 

 

69,723

 

 

117,971

 

​  

​  

​  

​  

​  

​  

Total interest incurred

 

 

78,490

 

 

121,536

 

 

132,255

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​