XML 55 R33.htm IDEA: XBRL DOCUMENT v3.22.4
Non-controlling interests
12 Months Ended
Dec. 31, 2022
Interest In Other Entities [Abstract]  
Non-controlling interests Non-controlling interests:
Set out below is summarized financial information for each of our subsidiaries that have non-controlling interests. The amounts disclosed are before inter-company eliminations.
As at
Dec 31, 2022Dec 31, 2021
Methanex
Egypt
Waterfront Shipping Limited1
TotalMethanex
Egypt
Vessels2
Total
Current assets
$133,499 $180,227 $313,726 $135,813 $8,646 $144,459 
Non-current assets
557,484 806,079 1,363,563 551,279 216,307 767,586 
Current liabilities
(56,689)(112,085)(168,774)(52,543)(16,773)(69,316)
Non-current liabilities
(104,101)(744,936)(849,037)(105,600)(166,119)(271,719)
Net assets
530,193 129,285 659,478 528,949 42,061 571,010 
Carrying amount of Methanex non-controlling interests
$251,949 $65,495 $317,444 $250,813 $20,342 $271,155 
 
For the years ended December 31
20222021
Methanex
Egypt
Waterfront Shipping Limited1
TotalMethanex
Egypt
Vessels2
Total
Revenue
$212,339 $576,810 $789,149 $366,859 $37,949 $404,808 
Net and total comprehensive income
107,375 67,670 175,045 119,260 7,092 126,352 
Net and total comprehensive income attributable to Methanex non-controlling interests
77,133 31,325 108,458 70,010 3,543 73,553 
Sale of partial interest in non-controlling interests and equity contributions by non-controlling interest
$ $22,545 $22,545 $— $650 $650 
Distributions paid to non-controlling interests
$(75,996)$(8,718)$(84,714)$(91,646)$(3,759)$(95,405)
 
For the years ended December 31
20222021
Methanex
Egypt
Waterfront Shipping Limited1
TotalMethanex
Egypt
Vessels2
Total
Cash flows from operating activities
$226,647 $94,335 $320,982 $26,049 $27,960 $54,009 
Cash flows from (used in) financing activities
(152,806)(52,796)(205,602)(84,382)1,399 (82,983)
Cash flows from (used in) investing activities
$(35,110)$215 $(34,895)$(4,563)$(31,312)$(35,875)
1    On February 1, 2022, we closed the shipping partnership with Mitsui O.S.K. Lines, Ltd. ("MOL") whereby MOL acquired a 40% minority interest in Waterfront Shipping Limited. See note 25.
2    Comprised of multiple ocean-going vessels controlled by Waterfront Shipping Limited through less than wholly-owned entities.