EX-99.5 6 o68633exv99w5.htm EX-99.5

exv99w5

EXHIBIT 99.5

Contractual Cash Obligations

						Due in
						Less Than				Due in				Due in
As at December 31, 2010						1				1 - 3				4 - 5				Due After
(Cdn$ millions)		Total				Year				Years				Years				5 Yrs
Long-term debt			794				—				—				298				496
BPLP capital lease			159				13				31				39				76
Interest on long-term debt			312				42				85				81				104
Interest on BPLP capital lease			55				11				20				15				9
Provision for reclamation			465				14				23				22				406
Provision for waste disposal			38				1				2				2				33
Other liabilities			374				—				—				—				374
Unconditional purchase commitments 1, 2			1,065				266				620				173				6
Total contractual cash obligations			3,262				347				781				630				1,504

1		Denominated in US dollars, converted to Canadian dollars at the December 31, 2010 rate of Cdn$0.9946.
2		Virtually all of Cameco Corporation’s purchase commitments are under long-term, fixed-price arrangements.

Commercial Commitments

As at December 31, 2010
(Cdn$ millions)		Total amounts committed
Standby letters of credit 1			550
BPLP guarantees 2			82
Total commercial commitments			632

1		The standby letters of credit maturing in 2011 were issued with a one-year term and will be automatically renewed on a year-by-year basis until the underlying obligations are resolved. These obligations are primarily the decommissioning and reclamation of Cameco Corporation’s mining and conversion facilities. As such, the letters of credit are expected to remain outstanding well into the future.
2		At December 31, 2010, Cameco Corporation’s total commitment for financial assurances given on behalf of BPLP was estimated to be Cdn$94 million. Refer to note 25 in the 2010 consolidated audited financial statements.