XML 103 R58.htm IDEA: XBRL DOCUMENT
v3.20.4

Property, Plant and Equipment, Net (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Disclosure Of Property Plant And Equipment [Abstract] |
Summary of Property, Plant and Equipment |
| Upstream Assets |  |  |  |  |  |  |  |  |  |  |  |  |
| Development & Production |  |  | Other Upstream |  |  | Refining Equipment |  |  | Other (1) |  |  | Total |
COST |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As at December 31, 2018 |  | 28,046 |  |  |  | 333 |  |  |  | 5,632 |  |  |  | 1,213 |  |  |  | 35,224 |
Adjustment for Change in Accounting Policy (2) |  | - |  |  |  | - |  |  |  | (4 | ) |  |  | - |  |  |  | (4 | )
Additions |  | 695 |  |  |  | - |  |  |  | 228 |  |  |  | 193 |  |  |  | 1,116 |
Change in Decommissioning Liabilities |  | 340 |  |  |  | - |  |  |  | 9 |  |  |  | 5 |  |  |  | 354 |
Exchange Rate Movements and Other |  | (9 | ) |  |  | - |  |  |  | (288 | ) |  |  | 3 |  |  |  | (294 | )
Divestitures (Note 8) |  | (40 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (40 | )
As at December 31, 2019 |  | 29,032 |  |  |  | 333 |  |  |  | 5,577 |  |  |  | 1,414 |  |  |  | 36,356 |
Additions |  | 475 |  |  |  | - |  |  |  | 243 |  |  |  | 93 |  |  |  | 811 |
Transfers From E&E Assets (Note 17) |  | 6 |  |  |  | 41 |  |  |  | - |  |  |  | - |  |  |  | 47 |
Change in Decommissioning Liabilities |  | (11 | ) |  |  | - |  |  |  | 3 |  |  |  | 2 |  |  |  | (6 | )
Exchange Rate Movements and Other |  | (6 | ) |  |  | - |  |  |  | (152 | ) |  |  | (1 | ) |  |  | (159 | )
Divestitures |  | (3 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (3 | )
As at December 31, 2020 |  | 29,493 |  |  |  | 374 |  |  |  | 5,671 |  |  |  | 1,508 |  |  |  | 37,046 |
ACCUMULATED DEPRECIATION, DEPLETION AND AMORTIZATION |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As at December 31, 2018 |  | 3,918 |  |  |  | 333 |  |  |  | 1,442 |  |  |  | 833 |  |  |  | 6,526 |
Adjustment for Change in Accounting Policy (2) |  | - |  |  |  | - |  |  |  | (1 | ) |  |  | - |  |  |  | (1 | )
Depreciation, Depletion and Amortization |  | 1,735 |  |  |  | - |  |  |  | 241 |  |  |  | 75 |  |  |  | 2,051 |
Impairment Charges (Note 10) |  | 20 |  |  |  | - |  |  |  | - |  |  |  | 10 |  |  |  | 30 |
Exchange Rate Movements and Other |  | 31 |  |  |  | - |  |  |  | (86 | ) |  |  | - |  |  |  | (55 | )
Divestitures (Note 8) |  | (29 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (29 | )
As at December 31, 2019 |  | 5,675 |  |  |  | 333 |  |  |  | 1,596 |  |  |  | 918 |  |  |  | 8,522 |
Depreciation, Depletion and Amortization |  | 1,768 |  |  |  | - |  |  |  | 242 |  |  |  | 109 |  |  |  | 2,119 |
Impairment Charges (Note 10) |  | 607 |  |  |  | - |  |  |  | 450 |  |  |  | 52 |  |  |  | 1,109 |
Exchange Rate Movements and Other |  | (22 | ) |  |  | - |  |  |  | (93 | ) |  |  | - |  |  |  | (115 | )
As at December 31, 2020 |  | 8,028 |  |  |  | 333 |  |  |  | 2,195 |  |  |  | 1,079 |  |  |  | 11,635 |
CARRYING VALUE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As at December 31, 2018 |  | 24,128 |  |  |  | - |  |  |  | 4,190 |  |  |  | 380 |  |  |  | 28,698 |
As at December 31, 2019 |  | 23,357 |  |  |  | - |  |  |  | 3,981 |  |  |  | 496 |  |  |  | 27,834 |
As at December 31, 2020 |  | 21,465 |  |  |  | 41 |  |  |  | 3,476 |  |  |  | 429 |  |  |  | 25,411 |
(1) | Primarily consists of crude-by-rail terminal, office furniture, fixtures, leasehold improvements, information technology and aircraft.
(2) | Effective January 1, 2019, the Company adopted IFRS 16.
Summary of PP&E Under Construction and Not Subject to DD&A | PP&E includes the following amounts in respect of assets under construction and not subject to DD&A:
As at December 31, | 2020 |  |  | 2019 |
Development and Production |  | 1,807 |  |  |  | 1,836 |
Refining Equipment |  | 226 |  |  |  | 172 |
|  | 2,033 |  |  |  | 2,008 |

X
- Definition The disclosure of property, plant and equipment under construction. + References No definition available. + Details
Name: | cve_DisclosureOfPropertyPlantAndEquipmentUnderConstructionExplanatory
Namespace Prefix: | cve_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of detailed information about property, plant and equipment. [Refer: Property, plant and equipment] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2020-01-01 -Paragraph 73 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=16&code=ifrs-tx-2020-en-r&anchor=para_73&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration