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Equity-accounted investee | 12 Months Ended
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Dec. 31, 2018
Investments accounted for using equity method [Abstract] |
Equity-accounted investee | 11. Equity-accounted investee On December 11, 2017, the Company announced that the restructuring of JV Inkai outlined in the implementation agreement dated May 27, 2016 with Kazatomprom and JV Inkai closed and would take effect January 1, 2018. As a result of the restructuring, Cameco’s ownership interest was adjusted to 40% (previously 60%) and Cameco began accounting for JV Inkai on an equity basis, prospectively, as of January 1, 2018 as it was co ncluded Cameco no longer has joint control over the joint venture. JV Inkai is the operator of the Inkai uranium deposit located in Kazakhstan. Cameco holds a 40% interest and Kazatomprom holds a 60% interest in JV Inkai. JV Inkai is a uranium mining and m illing operation that utilizes in-situ recovery (ISR) technology to extract uranium. The participants in JV Inkai purchase uranium from Inkai and, in turn, derive revenue directly from the sale of such product to third-party customers. The following tables summarize the financial information of JV Inkai (100%) at December 31, 2018:
|  | 2018
Cash and cash equivalents | $ | 41,717
Other current assets |  | 160,784
Non-current assets |  | 407,816
Current liabilities |  | (151,728)
Non-current liabilities |  | (41,746)
Net assets | $ | 416,843
|  | 2018
Revenue from products and services | $ | 203,359
Cost of products and services sold |  | (52,172)
Depreciation and amortization |  | (27,504)
Finance income |  | 160
Finance costs |  | (6,251)
Other expense |  | (30,419)
Income tax expense |  | (20,860)
Net earnings |  | 66,313
Cameco's share |  | 26,525
Adjustments(a) |  | 5,796
Cameco's share of net earnings | $ | 32,321
The following table reconciles the summarized financial information to the carrying amount of Cameco’s interest in JV Inkai:
|  | 2018
Cameco's share of net assets, beginning of year before restructuring | $ | 236,857
Adjustments(a) |  | (75,257)
Carrying amount in the statement of financial position, beginning of year before restructuring |  | 161,600
Share of net earnings |  | 26,525
Gain on restructuring [note 20] |  | 43,120
Impact of foreign exchange |  | (6,539)
Adjustments(b) |  | 5,796
Carrying amount in the statement of financial position at December 31, 2018 | $ | 230,502
(a) In addition to its proportionate share of earnings from JV Inkai, Cameco records certain consolidating adjustments to eliminate unrealized profit and amortize historical diffe rences in accounting policies. This amount is amortized to earnings over units of production. (b) Following the restructuring, in addition to the adjustments noted in (a), Cameco also amortize s the fair values assigned to assets and liabilities at the time of the restructuring over units of production.

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- Definition The disclosure of investments accounted for using the equity method. [Refer: Investments accounted for using equity method] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2018-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_10_e&doctype=Standard -URIDate 2018-03-16 + Details
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