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Equity-accounted investee (Tables)

12 Months Ended

Dec. 31, 2020

Investments accounted for using equity method [Abstract]

Equity method investment summarized financial information balance sheet explanatory

The following tables summarize the financial information of JV Inkai (100%):

		2020			2019
Cash and cash equivalents	$	47,539		$	16,699
Other current assets		115,647			139,324
Non-current assets		343,767			398,721
Current liabilities		(26,397)			(71,162)
Non-current liabilities		(39,991)			(41,508)
Net assets	$	440,565		$	442,074

Equity method investment summarized financial information income statement explanatory

		2020			2019
Revenue from products and services	$	252,764		$	261,860
Cost of products and services sold		(57,358)			(64,199)
Depreciation and amortization		(24,081)			(27,740)
Finance income		367			651
Finance costs		(825)			(2,939)
Other expense		(12,305)			(23,767)
Income tax expense		(44,804)			(30,999)
Net earnings		113,758			112,867
Other comprehensive loss		(97)			(1,773)
Total comprehensive income	$	113,661		$	111,094

Reconciliation of summarized financial information to carrying amount

The following table reconciles the summarized financial information to the carrying amount of Cameco’s interest in JV Inkai:

		2020			2019
Opening net assets	$	442,074		$	416,843
Total comprehensive income		113,661			111,094
Dividends declared		(64,456)			(66,369)
Impact of foreign exchange		(50,714)			(19,494)
Closing net assets		440,565			442,074
Cameco's share of net assets		176,226			176,830
Consolidating adjustments(a)		(38,975)			(30,633)
Fair value increment(b)		89,184			91,697
Dividends declared but not received		-			13,859
Dividends in excess of ownership percentage(c)		(9,669)			-
Impact of foreign exchange		2,922			928
Carrying amount in the statement of financial position at December 31, 2020	$	219,688		$	252,681

(a) Cameco records certain consolidating adjustments to eliminate unrealized profit and amortize historical differences in accounting policies. This amount is amortized to earnings over units of production.

(b) Upon restructuring, Cameco assigned fair values to the assets and liabilities of JV Inkai. This increment is amortized to earnings over units of production.

(c) Cameco’s share of dividends follows its production purchase entitlements which is currently higher than its ownership interest.

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- Definition

The disclosure of the reconciliation of the summarised financial information of an associate accounted for using the equity method to the carrying amount of the reporting entity's interest in the associate. [Refer: Carrying amount [member]; Associates [member]]

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 12
-IssueDate 2020-01-01
-Paragraph B14
-Subparagraph b
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-URIDate 2020-01-01

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