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Accounting standards
12 Months Ended
Dec. 31, 2024
Accounting standards [Abstract]  
Accounting standards
3.
 
Accounting standards
A.
 
Changes in accounting policy
A number of amendments to existing standards became effective January 1, 2024 but, other than the one noted below, they
were not applicable to the Company’s financial statements.
i.
 
Classification of liabilities as current or non-current
In January 2020 and October 2022,
 
the International Accounting Standards Board (IASB) issued amendments to IAS 1,
Presentation of Financial Statements
(IAS 1
)
. The amendments clarify certain requirements for determining whether a liability
is classified as current or non-current and require new disclosures for non-current loan liabilities that are subject to covenants
within 12 months after the end of the reporting period. The amendments did not have a material impact on its financial
statements.
B.
 
New standards and interpretations not yet adopted
A
number of amendments to existing standards are not yet effective for the year ended December 31, 2024 and have not been
applied in preparing these consolidated financial statements. Cameco does not intend to early adopt any of the amendments
and does not expect them to have a material impact on its financial statements. The one new standard that is expected to
have an impact on disclosures is described below.
i.
 
Financial statement presentation
In April 2024, the IASB issued IFRS 18,
Presentation and Disclosure of Financial Statements
(IFRS 18). IFRS 18 is effective
for periods beginning on or after January 1, 2027, with early adoption permitted. IFRS 18 is expected to improve the quality of
financial reporting by requiring defined subtotals in the statement of profit of loss, requiring disclosure about management-
defined performance measures, and adding new principles for aggregation and disaggregation of information. Cameco has not
yet determined the impact of this standard on its disclosures.