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Investment in Associated Companies (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure of associates [abstract]  
Schedule of Condensed Financial Information with Respect to the Statement of Financial Position
Condensed financial information with respect to the statement of financial position

   
ZIM
   
Qoros*
 
   
As at December 31,
 
   
2018
   
2017
   
2018
   
2017
 
   
$ Thousands
 
Principal place of business
 
International
   
China
 
Proportion of ownership interest
   
32%
 
   
32%
 
   
24%
 
   
50%
 
                                 
Current assets
   
746,636
     
579,595
     
724,697
     
235,237
 
Non-current assets
   
1,079,501
     
1,222,743
     
1,188,996
     
1,259,762
 
Current liabilities
   
(932,969
)
   
(686,693
)
   
(939,950
)
   
(804,062
)
Non-current liabilities
   
(1,117,180
)
   
(1,209,137
)
   
(534,720
)
   
(870,192
)
Non-controlling interests
   
(6,282
)
   
(6,509
)
   
-
     
-
 
Total net (liabilities)/assets attributable to the Group
   
(230,294
)
   
(100,001
)
   
439,023
     
(179,255
)
                                 
Share of Group in net (liabilities)/assets
   
(73,694
)
   
(32,000
)
   
105,366
     
(89,627
)
Adjustments:
                               
  Write back of assets and investments
   
-
     
28,758
     
-
     
-
 
   Currency translation
   
-
     
-
     
33,818
     
-
 
   Excess cost
   
165,290
     
123,242
     
-
     
-
 
   Loans
   
-
     
-
     
-
     
61,645
 
   Financial guarantee
   
-
     
-
     
-
     
29,676
 
Book value of investment
   
91,596
     
120,000
     
139,184
     
1,694
 
                                 
Assets held for sale
   
-
     
-
     
69,592
     
-
 
Investment in associated companies
   
91,596
     
120,000
     
69,592
     
1,694
 
 
*
Qoros is an associated company (See Note 9.C.b). The current assets include cash and cash equivalent of $149 million (2017: $12 million). The current and non-current liabilities excluding trade and other payables and provisions amount to $766 million (2017: $1 billion).
Schedule of Condensed Financial Information with Respect to Results of Operations
Condensed financial information with respect to results of operations
 
   
ZIM
   
Qoros*
 
   
For the year ended December 31,
 
   
2018
   
2017
   
2016
   
2018
   
2017
   
2016
 
   
$ Thousands
 
                                     
Revenue
   
3,247,864
     
2,978,291
     
2,539,296
     
811,997
     
280,079
     
377,456
 
                                                 
(Loss) / income **
   
(125,653
)
   
6,235
     
(168,290
)
   
(330,023
)
   
(242,395
)
   
(285,069
)
                                                 
Other comprehensive (loss) / income **
   
(6,057
)
   
(3,871
)
   
(12,351
)
   
(23
)
   
31
     
7
 
                                                 
Total comprehensive (loss) / income
   
(131,710
)
   
2,364
     
(180,641
)
   
(330,046
)
   
(242,364
)
   
(285,062
)
                                                 
Kenon’s share of comprehensive
                                               
(loss) / income
   
(42,147
)
   
756
     
(57,805
)
   
(79,211
)
   
(121,182
)
   
(142,531
)
                                                 
Adjustments
   
13,290
     
8,538
     
9,856
     
873
     
(16
)
   
(3
)
                                                 
Kenon’s share of comprehensive
                                               
(loss) / income presented in the books
   
(28,857
)
   
9,294
     
(47,949
)
   
(78,338
)
   
(121,198
)
   
(142,534
)
 
*
The depreciation and amortization, interest income, interest expense and income tax expenses recorded by Qoros during 2018 were $129 million, $5 million, $42 million and $142 thousand (2017: $102 million, $2 million, $50 million and $14 thousand; 2016: $119 million, $2 million, $63 million and $37 thousand) respectively.
**
Excludes portion attributable to non-controlling interest.
Schedule of Associated Companies that are Individually Immaterial
Associated companies that are individually immaterial
 
     
Associated Companies
 
     
As at December 31,
 
      2018        2017       2016  
     
$ Thousands         
 
Book value of investments as at December 31
   
-
     
-
     
8,897
Schedule of Back-To-Back Guarantees
Set forth below is an overview of the financial guarantees provided by Kenon as described above:
 
Date
 
Description
 
Amount (US$ million)
 
June 2016
 
Provision in respect of Kenon’s “back-to-back” guarantee obligations to Chery (See Note 9.C.b.6.e)
   
160
 
December 2016
 
Shareholder loan to Qoros (See Note 9.C.b.6.f)
   
(36
)
March 2017
 
Transfer of First Tranche Loans (See Note 9.C.b.6.f)
   
(64
)
April 2017
 
Transfer of Second Tranche Loans (See Note 9.C.b.6.g)
   
(16
)
January 2018
 
Release of remaining financial guarantees (See Note 9.C.b.6.g)
   
(44
)
December 2018
 
Year end balance
   
-
 
Schedule of Details Regarding Dividends Received from Associated Companies
Details regarding dividends received from associated companies

 
For the Year Ended December 31,
 
 
2018
   
2017
   
2016
 
 
$ Thousands
 
From associated companies
   
-
     
382
     
743