Annual reports filed by certain Canadian issuers pursuant to Section 15(d) and Rule 15d-4

SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.1
SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2020
Disclosure For Significant Accounting Policies [Abstract]  
Disclosure of detailed information about subsidiaries [Table Text Block]

Subsidiaries

 

Percentage ownership

 

2020

 

2019

 

 

 

 

 

I.M.C. Holdings Ltd ("IMC")

 

100%

 

100%

Focus Medical Herbs Ltd. ("Focus") *)

 

74 %

 

74 %

I.M.C Farms Israel Ltd. ("IMC Farms")

 

100%

 

100%

I.M.C Ventures Ltd. ("IMC Ventures")

 

75%

 

75%

I.M.C - International Medical Cannabis Portugal Unipessoal Lda

 

100%

 

100%

Adjupharm GmbH ("Adjupharm")

 

92.5%

 

95%

*) See also Note 1b(1)
Disclosure of detailed information about depreciation rate calculated on straight-line basis over useful lives of property, plant and equipment [Table Text Block]

 

%

 

Mainly %

 

 

 

 

Buildings

3

 

3

Greenhouse production equipment

7 - 25

 

20

Greenhouse structure

12.5

 

12.5

Motor vehicles

15

 

15

Computer, software and equipment

20 - 33

 

33

Leasehold improvements

See below

 

See below
Disclosure of detailed information about amortization calculated on straight-line basis over the useful life of intangible assets [Table Text Block]

 

 

Years

 

 

 

Licenses arose from acquisition of subsidiary (see Note 6)

 

indefinite

Other intangibles

 

6 - 15