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Equity-accounted investee (Tables)
12 Months Ended
Dec. 31, 2022
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%):
2022
2021
Cash and cash equivalents
$
14,950
$
12,893
Other current assets
373,868
301,589
Non-current assets
334,954
328,469
Current liabilities
(34,606)
(32,774)
Non-current liabilities
(37,644)
(38,635)
Net assets
$
651,522
$
571,542
Equity method investment summarized financial information income statement explanatory
2022
2021
Revenue from products and services
$
476,354
$
387,319
Cost of products and services sold
(66,119)
(55,397)
Depreciation and amortization
(24,749)
(25,300)
Finance income
1,341
349
Finance costs
(2,635)
(796)
Other expense
(30,770)
(16,636)
Income tax expense
(74,763)
(60,357)
Net earnings
278,659
229,182
Total comprehensive income
$
278,659
$
229,182
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:
2022
2021
Opening net assets
$
571,542
$
440,565
Total
 
comprehensive income
278,659
229,182
Dividends declared
(195,865)
(85,198)
Impact of foreign exchange
(2,814)
(13,007)
Closing net assets
651,522
571,542
Cameco's share of net assets
260,609
228,617
Consolidating adjustments
(a)
(82,275)
(60,348)
Fair value increment
(b)
83,675
85,976
Dividends in excess of ownership percentage
(c)
(48,641)
(22,085)
Impact of foreign exchange
(2,396)
1,080
Carrying amount in the statement of financial position
$
210,972
$
233,240
(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.