EX-99.5 6 d305788dex995.htm EXHIBIT 99.5

EXHIBIT 99.5

Contractual Cash Obligations

As at December 31, 2011 (Cdn$ millions) |  | Total |  |  | Due in Less Than 1 Year |  |  | Due in 1 - 3 Years |  |  | Due in 4 - 5 Years |  |  | Due After 5 Yrs |
Long-term debt |  |  | 801 |  |  |  | — |  |  |  | 6 |  |  |  | 299 |  |  |  | 496 |
BPLP capital lease |  |  | 146 |  |  |  | 15 |  |  |  | 35 |  |  |  | 43 |  |  |  | 53 |
Interest on long-term debt |  |  | 270 |  |  |  | 43 |  |  |  | 85 |  |  |  | 67 |  |  |  | 76 |
Interest on BPLP capital lease |  |  | 43 |  |  |  | 10 |  |  |  | 17 |  |  |  | 11 |  |  |  | 4 |
Provision for reclamation |  |  | 577 |  |  |  | 10 |  |  |  | 40 |  |  |  | 47 |  |  |  | 480 |
Provision for waste disposal |  |  | 22 |  |  |  | 4 |  |  |  | 7 |  |  |  | 11 |  |  |  | — |
Other liabilities |  |  | 507 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 507 |
Unconditional product purchase commitments 1, 2 |  |  | 1,457 |  |  |  | 308 |  |  |  | 581 |  |  |  | 128 |  |  |  | 440 |
Total contractual cash obligations |  |  | 3,823 |  |  |  | 390 |  |  |  | 771 |  |  |  | 606 |  |  |  | 2,056 |

1 | Denominated in US dollars. Converted to Canadian dollars at the December 31, 2011 rate of Cdn $1.017.

2 | Virtually all of Cameco Corporation’s product purchase obligations are under long-term, fixed-price arrangements.

Commercial Commitments

As at December 31, 2011 (Cdn$ millions) |  | Total amounts committed |
Standby letters of credit 1 |  |  | 670 |
BPLP guarantees 2 |  |  | 69 |
Total commercial commitments |  |  | 739 |

1 | The standby letters of credit maturing in 2012 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, 2011, Cameco Corporation’s total commitment for financial assurances given on behalf of BPLP was estimated to be Cdn $77 million. Refer to note 31 in the 2011 consolidated audited financial statements.