XML 64 R29.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Other Assets | 12 Months Ended
--- | ---
Dec. 31, 2021
Other Noncurrent Assets [Abstract] |
Other Assets |
21. OTHER ASSETS
As at December 31, | 2021 |  |  | 2020 |
Intangible Assets |  | 78 |  |  |  | 89 |
Private Equity Investments (Note 35) |  | 53 |  |  |  | 52 |
Other Equity Investments |  | 77 |  |  |  | 12 |
Net Investment in Finance Leases |  | 60 |  |  |  | 52 |
Long-Term Receivables and Prepaids |  | 77 |  |  |  | 11 |
Precious Metals |  | 85 |  |  |  | — |
Other |  | 1 |  |  |  | — |
|  | 431 |  |  |  | 216 |
On December 2, 2020, Cenovus sold its Marten Hills assets in Northern Alberta to Headwater. Part of the consideration received included 15 million share purchase warrants with a fair value of $8 million at the date of close. The share purchase warrants had a three-year term and an exercise price of $2.00 per share. On December 23, 2021, all of the outstanding share purchase warrants were exercised for a total cost of $30 million. At December 31, 2021, the fair value of the Headwater investment was $77 million included in other equity investments above. The investment is carried at FVTPL.

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

X
- Definition The disclosure of other assets. [Refer: Other assets] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfOtherAssetsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration