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Segmented Information | 12 Months Ended
--- | ---
Dec. 31, 2020
Operating Segments [Abstract] |
Segmented Information | Segmented Information Based on the primary products we produce and our development projects, we have five reportable segments that we report to our Chief Executive Officer — copper, zinc, steelmaking coal, energy and corporate. 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 income (expenses) include general and administration, exploration, research and innovation, and other operating income (expense). 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, 2020
|  | Copper |  | Zinc |  | Steelmaking Coal |  | Energy |  | Corporate |  | Total
Segment revenues |  | $ | 2,419 |  |  | $ | 3,164 |  |  | $ | 3,375 |  |  | $ | 454 |  |  | $ | — |  |  | $ | 9,412 |
Less intra-segment revenues |  | — |  |  | (464) |  |  | — |  |  | — |  |  | — |  |  | (464) |
Revenues (Note 6(a)) |  | 2,419 |  |  | 2,700 |  |  | 3,375 |  |  | 454 |  |  | — |  |  | 8,948 |
Cost of sales |  | (1,560) |  |  | (2,177) |  |  | (3,098) |  |  | (780) |  |  | — |  |  | (7,615) |
Gross profit (loss) |  | 859 |  |  | 523 |  |  | 277 |  |  | (326) |  |  | — |  |  | 1,333 |
Asset impairments (Note 8(a)) |  | — |  |  | — |  |  | — |  |  | (1,244) |  |  | — |  |  | (1,244) |
Other operating expenses |  | (323) |  |  | (98) |  |  | (193) |  |  | (28) |  |  | (357) |  |  | (999) |
Profit (loss) from operations |  | 536 |  |  | 425 |  |  | 84 |  |  | (1,598) |  |  | (357) |  |  | (910) |
Net finance income (expense) |  | (151) |  |  | (44) |  |  | (56) |  |  | (26) |  |  | 9 |  |  | (268) |
Non-operating income (expense) |  | 38 |  |  | (4) |  |  | 13 |  |  | — |  |  | (4) |  |  | 43 |
Share of gain (loss) of associates and joint ventures |  | 1 |  |  | — |  |  | — |  |  | — |  |  | (2) |  |  | (1) |
Profit (loss) before taxes |  | 424 |  |  | 377 |  |  | 41 |  |  | (1,624) |  |  | (354) |  |  | (1,136) |
Capital expenditures |  | 1,990 |  |  | 247 |  |  | 1,284 |  |  | 91 |  |  | 16 |  |  | 3,628 |
Goodwill |  | 391 |  |  | — |  |  | 702 |  |  | — |  |  | — |  |  | 1,093 |
Total assets |  | 14,546 |  |  | 4,006 |  |  | 17,266 |  |  | 2,658 |  |  | 2,802 |  |  | 41,278 |
(CAD$ in millions) |  | December 31, 2019
|  | Copper |  | Zinc |  | Steelmaking Coal |  | Energy |  | Corporate |  | Total
Segment revenues |  | $ | 2,469 |  |  | $ | 3,487 |  |  | $ | 5,522 |  |  | $ | 975 |  |  | $ | — |  |  | $ | 12,453 |
Less intra-segment revenues |  | — |  |  | (519) |  |  | — |  |  | — |  |  | — |  |  | (519) |
Revenues (Note 6(a)) |  | 2,469 |  |  | 2,968 |  |  | 5,522 |  |  | 975 |  |  | — |  |  | 11,934 |
Cost of sales |  | (1,852) |  |  | (2,367) |  |  | (3,410) |  |  | (965) |  |  | — |  |  | (8,594) |
Gross profit |  | 617 |  |  | 601 |  |  | 2,112 |  |  | 10 |  |  | — |  |  | 3,340 |
Asset impairments (Note 8(a)) |  | (31) |  |  | — |  |  | (289) |  |  | (2,370) |  |  | — |  |  | (2,690) |
Other operating expenses |  | (183) |  |  | (63) |  |  | (136) |  |  | (26) |  |  | (392) |  |  | (800) |
Profit (loss) from operations |  | 403 |  |  | 538 |  |  | 1,687 |  |  | (2,386) |  |  | (392) |  |  | (150) |
Net finance income (expense) |  | (119) |  |  | (47) |  |  | (60) |  |  | (27) |  |  | 35 |  |  | (218) |
Non-operating income (expense) |  | 50 |  |  | (9) |  |  | (15) |  |  | (2) |  |  | (121) |  |  | (97) |
Share of loss of associates and joint ventures |  | (2) |  |  | — |  |  | — |  |  | — |  |  | (1) |  |  | (3) |
Profit (loss) before taxes |  | 332 |  |  | 482 |  |  | 1,612 |  |  | (2,415) |  |  | (479) |  |  | (468) |
Capital expenditures |  | 1,757 |  |  | 307 |  |  | 1,197 |  |  | 191 |  |  | 16 |  |  | 3,468 |
Goodwill |  | 399 |  |  | — |  |  | 702 |  |  | — |  |  | — |  |  | 1,101 |
Total assets |  | 12,740 |  |  | 3,904 |  |  | 16,032 |  |  | 3,916 |  |  | 2,758 |  |  | 39,350 |
The geographical distribution of our non-current assets, other than financial instruments, deferred tax assets and post-employment benefit assets, is as follows:
(CAD$ in millions) |  | December 31, 2020 |  | December 31, 2019
Canada |  | $ | 22,410 |  |  | $ | 22,033 |
Chile |  | 10,555 |  |  | 8,697 |
United States |  | 1,710 |  |  | 1,567 |
Peru |  | 1,483 |  |  | 1,499 |
Other |  | 157 |  |  | 149 |
|  | $ | 36,315 |  |  | $ | 33,945 |

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- Definition The entire disclosure for operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2020-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2020-en-r&doctype=Standard&dita_xref=IFRS08_g20-24_TI -URIDate 2020-01-01 + Details
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- Definition Operating Segments [Abstract] + References No definition available. + Details
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