d) Non-monetary transactions
The Company’s policy is to measure an asset exchanged or transferred in a non-monetary transaction at the more reliable measurement of the fair value of the asset given up and the fair value of the asset received, unless:
| i) | The transaction lacks commercial substance; | |
| ii) | The transaction is an exchange of a product or property held for sale in the ordinary course of business for a product or property to be sold in the same line of business to facilitate sales to customers other than the parties to the exchange; | |
| iii) | Neither the fair value of the asset received nor the fair value of the asset given up is reliably measurable; or | |
| iv) | The transaction is a non-monetary, non-reciprocal transfer to owners that represents a spin-off or other form of restructuring or liquidation. |