27.

Segmented Information

Based on the primary products we produce and our development projects, we have five reportable segments — steelmaking coal, copper, zinc, energy and corporate — which is the way we report information to our Chief Executive Officer. The corporate segment includes all of our initiatives in other commodities, our corporate growth activities and groups that provide administrative, technical, financial and other support to all of our business units. Other operating expenses include general and administration costs, exploration, research and development, and other operating income (expenses). Sales between segments are carried out on terms that arm’s-length parties would use. Total assets does not include intra-group receivables between segments. Deferred tax assets and liabilities have been allocated amongst segments.


	December 31, 2017
(CAD$ in millions)	Steelmaking Coal			Copper			Zinc			Energy			Corporate			Total
Segment revenues	$	6,152		$	2,400		$	4,131		$	—		$	—		$	12,683
Less: Inter-segment revenues		—			—			(635	)		—			—			(635	)

Revenues		6,152			2,400			3,496			—			—			12,048
Cost of sales		(3,108	)		(1,782	)		(2,529	)		—			—			(7,419	)

Gross profit		3,044			618			967			—			—			4,629
Impairment reversal and (asset impairments)		207			(44	)		—			—			—			163
Other operating income (expenses)		(99	)		63			(28	)		(3	)		(392	)		(459	)

Profit (loss) from operations		3,152			637			939			(3	)		(392	)		4,333
Net finance expense		(5	)		(45	)		(31	)		(7	)		(124	)		(212	)
Non-operating income (expense)		(29	)		5			(9	)		—			(118	)		(151	)
Share of income of associates and joint ventures		—			3			—			—			3			6

Profit (loss) before taxes		3,118			600			899			(10	)		(631	)		3,976

Capital expenditures		673			467			244			911			4			2,299

Goodwill		702			385			—			—			—			1,087

Total assets		15,271			9,533			3,720			5,667			2,867			37,058

Net assets	$	9,759		$	5,748		$	2,335		$	4,656		$	(2,973	)	$	19,525


	December 31, 2016
(CAD$ in millions)	Steelmaking Coal			Copper			Zinc			Energy			Corporate			Total
Segment revenues	$	4,144		$	2,007		$	3,577		$	2		$	—		$	9,730
Less: Inter-segment revenues		—			—			(430	)		—			—			(430	)

Revenues		4,144			2,007			3,147			2			—			9,300
Cost of sales		(2,765	)		(1,817	)		(2,317	)		(5	)		—			(6,904	)

Gross profit (loss)		1,379			190			830			(3	)		—			2,396
Asset impairments		—			—			(46	)		(248	)		—			(294	)
Other operating income (expenses)		(74	)		35			30			(30	)		(338	)		(377	)

Profit (loss) from operations		1,305			225			814			(281	)		(338	)		1,725
Net finance expense		(21	)		(42	)		(27	)		(6	)		(242	)		(338	)
Non-operating income (expense)		6			(5	)		(5	)		—			243			239
Share of income of associates and joint ventures		—			2			—			—			—			2

Profit (loss) before taxes		1,290			180			782			(287	)		(337	)		1,628

Capital expenditures		348			339			190			1,010			6			1,893

Goodwill		702			412			—			—			—			1,114

Total assets		14,894			9,673			3,742			4,129			3,191			35,629

Net assets	$	10,071		$	6,029		$	2,464		$	3,648		$	(4,611	)	$	17,601

The geographical distribution of our non-current assets is as follows:


(CAD$ in millions)	December 31, 2017		December 31, 2016
Canada	$	22,466	$	20,853
Chile		6,077		6,332
Peru		1,305		1,286
United States		1,131		1,180
Other		96		70

	$	31,075	$	29,721

Non-current assets attributed to geographical locations exclude deferred income tax assets and financial and other assets.

Revenue is attributed to regions based on the location of the port of delivery as designated by the customer and is as follows:


(CAD$ in millions)	2017		2016
Asia
China	$	2,129	$	1,773
Japan		1,921		1,319
South Korea		1,353		1,181
India		763		553
Other		970		825
Americas
United States		1,360		1,314
Canada		919		770
Latin America		407		294
Europe
Germany		579		354
Finland		284		178
Spain		278		186
Netherlands		215		95
Italy		191		124
Other		679		334

	$	12,048	$	9,300