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 have been allocated amongst segments.


(CAD$ in millions)	December 31, 2018
	Steelmaking Coal			Copper			Zinc			Energy			Corporate			Total
Segment revenues	$	6,349		$	2,714		$	3,744		$	407		$	—		$	13,214
Less: Intra-segment revenues		—			—			(650	)		—			—			(650	)

Revenues		6,349			2,714			3,094			407			—			12,564
Cost of sales		(3,309	)		(1,837	)		(2,225	)		(572	)		—			(7,943	)

Gross profit (loss)		3,040			877			869			(165	)		—			4,621
Asset impairments		—			(10	)		(31	)		—			—			(41	)
Other operating income (expenses)		(79	)		(247	)		826			1			(297	)		204

Profit (loss) from operations		2,961			620			1,664			(164	)		(297	)		4,784
Net finance expense		(47	)		(47	)		(37	)		(16	)		(72	)		(219	)
Non-operating income (expense)		37			4			11			—			(104	)		(52	)
Share of loss of associates and joint ventures		—			(2	)		—			—			(1	)		(3	)

Profit (loss) before taxes		2,951			575			1,638			(180	)		(474	)		4,510

Capital expenditures		969			850			409			375			10			2,613

Goodwill		702			419			—			—			—			1,121

Total assets		15,491			10,219			3,692			6,131			4,093			39,626


(CAD$ in millions)	December 31, 2017 (restated)
	Steelmaking Coal			Copper			Zinc			Energy			Corporate			Total
Segment revenues	$	6,014		$	2,400		$	4,131		$	—		$	—		$	12,545
Less: Intra-segment revenues		—			—			(635	)		—			—			(635	)

Revenues		6,014			2,400			3,496			—			—			11,910
Cost of sales		(3,000	)		(1,814	)		(2,529	)		—			—			(7,343	)

Gross profit		3,014			586			967			—			—			4,567
Impairment reversal and (asset impairments)		207			(44	)		—			—			—			163
Other operating income (expenses)		(99	)		63			(28	)		(3	)		(392	)		(459	)

Profit (loss) from operations		3,122			605			939			(3	)		(392	)		4,271
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		3,088			568			899			(10	)		(631	)		3,914

Capital expenditures		673			467			244			911			4			2,299

Goodwill		702			385			—			—			—			1,087

Total assets		15,241			9,533			3,720			5,667			2,867			37,028

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


(CAD$ in millions)	December 31, 2018		December 31, 2017
Canada	$	23,238	$	22,466
Chile		7,146		6,077
Peru		1,477		1,305
United States		1,282		1,131
Other		99		96

	$	33,242	$	31,075

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