Financial risk management (Tables)

12 Months Ended

Dec. 31, 2021

The Company’s interest rate risk exposure is mainly related to undrawn credit facilities.


As at	Dec 31 2021		Dec 31 2020
Fixed interest rate debt:
Unsecured notes	$	1,981,199	$	1,979,125
Other limited recourse debt facilities	176,993		160,964
	$	2,158,192	$	2,140,089
Variable interest rate debt:
Geismar 3 construction facility	$	—	$	176,335
Egypt limited recourse debt facilities	—		46,948

	$	—	$	223,283

Expected cash flows of financial liabilities by maturity date

The expected cash flows of financial liabilities from the date of the balance sheet to the contractual maturity date are as follows:


As at December 31, 2021	Carrying amount		Contractual cash flows		1 year or less		1-3 years		3-5 years		More than 5 years
Trade and other payables 1	$	648,850	$	648,850	$	648,850	$	—	$	—	$	—
Lease obligations 2	717,101		945,835		140,413		233,331		186,003		386,088
Other long-term liabilities2	28,985		57,747		2,200		4,400		4,400		46,747
Long-term debt 2	2,158,192		3,178,886		123,706		546,915		221,054		2,287,211
Cash flow hedges 3	60,098		67,341		3,854		24,250		21,500		17,737
	$	3,613,226	$	4,898,659	$	919,023	$	808,896	$	432,957	$	2,737,783

1 Excludes tax and accrued interest.

2 Contractual cash flows include contractual interest payments related to debt obligations and lease obligations.

3 The expected cash flows of hedges are based on current valuations of the expected settlement amounts, which will fluctuate at settlement dependent on the market prices at the future settlement dates