Receivables

3 Months Ended

Mar. 31, 2013

Receivables [Abstract]

RECEIVABLES

RECEIVABLES

Receivables consist of the following (in thousands):

	March 31, 2013		December 31, 2012
Receivables - current portion
Accounts receivable - trade	$	9,487	$	8,701
Refundable income tax	4,131		9,331
Refundable value added tax	49,149		40,020
Accounts receivable - other	5,415		4,386
	$	68,182	$	62,438
Receivables - non-current portion
Refundable value added tax	$	39,061	$	48,767

Trade receivables and other receivable balances are reported at outstanding principal amounts, net of an allowance for doubtful accounts. Management evaluates the collectability of receivable account balances to determine the allowance, if any. There were no allowances against receivable balances at March 31, 2013 or December 31, 2012.

Taxes paid to foreign governments that are refundable to the Company are classified as “Refundable value added tax” at the face value of the amount of the tax refund due. Refunds expected to be received in the next twelve months are classified as “current” and amounts that are expected to be received after twelve months are classified as “non-current”.