XML 90 R68.htm IDEA: XBRL DOCUMENT
v3.24.1.1.u2

FINANCIAL RISK MANAGEMENT (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2024
Disclosure of notes and other explanatory information [Abstract] |
Credit risk and credit loss allowances for accounts receivable and contract assets by segment | Exposure to credit risk and credit loss allowances for accounts receivable and contract assets by segment are as follows:
As at March 31, 2024 |  | Civil Aviation |  | Defense and Security |  |  |  | Amounts not allocated to a segment |  | Total
Gross accounts receivable | $ | 347.1 |  |  | 258.2 |  |  |  | $ | 40.1 |  | $ | 645.4 |
Gross contract assets |  | 177.3 |  |  | 401.9 |  |  |  |  | — |  |  | 579.2 |
Total | $ | 524.4 |  | $ | 660.1 |  |  |  | $ | 40.1 |  | $ | 1,224.6 |
Credit loss allowances | $ | (19.9) |  | $ | (1.0) |  |  |  | $ | — |  | $ | (20.9) |
As a % |  | 3.8 | % |  | 0.2 | % |  |  |  | — | % |  | 1.7 | %
As at March 31, 2023 |  | Civil Aviation |  | Defense and Security |  |  |  | Amounts not allocated to a segment |  | Total
Gross accounts receivable | $ | 354.1 |  | $ | 198.1 |  |  |  | $ | 89.0 |  | $ | 641.2 |
Gross contract assets |  | 160.6 |  |  | 571.6 |  |  |  |  | 3.5 |  |  | 735.7 |
Total | $ | 514.7 |  | $ | 769.7 |  |  |  | $ | 92.5 |  | $ | 1,376.9 |
Credit loss allowances | $ | (23.1) |  | $ | (1.0) |  |  |  | $ | (1.4) |  | $ | (25.5) |
As a % |  | 4.5 | % |  | 0.1 | % |  |  |  | 1.5 | % |  | 1.9 | %
Disclosure of how entity manages liquidity risk | The following tables present a maturity analysis based on the contractual maturity date of the Company’s financial liabilities based on expected cash flows. Cash flows from derivatives presented either as derivative assets or liabilities have been included, as the Company manages its derivative contracts on a gross basis. The amounts are the contractual undiscounted cash flows. All amounts contractually denominated in foreign currency are presented in Canadian dollar equivalent amounts using the period-end spot rate except as otherwise stated:
|  |  |  |  |  |  | Between | Between | Between | Between |  |
| Carrying | Contractual | Less than |  | 1 and |  | 2 and |  | 3 and |  | 4 and | More than
As at March 31, 2024 | amount | cash flows |  | 1 year |  | 2 years |  | 3 years |  | 4 years |  | 5 years |  | 5 years
Non-derivative financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities (1) | $ | 775.8 |  | $ | 775.8 |  | $ | 775.8 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Total long-term debt (2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt (other than lease liabilities) |  | 2,522.4 |  |  | 2,522.4 |  |  | 253.7 |  |  | 265.0 |  |  | 174.1 |  |  | 164.1 |  |  | 644.1 |  |  | 1,021.4 |
Interest and accretion |  | — |  |  | 743.2 |  |  | 94.1 |  |  | 78.7 |  |  | 70.5 |  |  | 66.2 |  |  | 44.3 |  |  | 389.4 |
Lease liabilities |  | 551.9 |  |  | 922.0 |  |  | 88.2 |  |  | 75.9 |  |  | 72.1 |  |  | 62.5 |  |  | 53.0 |  |  | 570.3 |
Other non-current liabilities (3) |  | 87.1 |  |  | 164.7 |  |  | — |  |  | 24.8 |  |  | 22.7 |  |  | 28.5 |  |  | 21.9 |  |  | 66.8 |
| $ | 3,937.2 |  | $ | 5,128.1 |  | $ | 1,211.8 |  | $ | 444.4 |  | $ | 339.4 |  | $ | 321.3 |  | $ | 763.3 |  | $ | 2,047.9 |
Net derivative financial liabilities (assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward foreign currency contracts (4) | $ | 9.3 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Outflow |  |  | $ | 2,916.5 |  | $ | 2,522.6 |  | $ | 302.0 |  | $ | 69.3 |  | $ | 20.4 |  | $ | 2.2 |  | $ | — |
Inflow |  |  |  | (2,905.7) |  |  | (2,514.3) |  |  | (299.2) |  |  | (68.7) |  |  | (21.1) |  |  | (2.4) |  |  | — |
Foreign currency and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
interest rate swap agreements |  | (4.8) |  |  | 3.9 |  |  | (2.6) |  |  | (0.4) |  |  | 0.3 |  |  | 0.6 |  |  | 6.0 |  |  | — |
Equity swap agreements |  | 15.8 |  |  | 15.8 |  |  | 15.8 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
| $ | 20.3 |  | $ | 30.5 |  | $ | 21.5 |  | $ | 2.4 |  | $ | 0.9 |  | $ | (0.1) |  | $ | 5.8 |  | $ | — |
| $ | 3,957.5 |  | $ | 5,158.6 |  | $ | 1,233.3 |  | $ | 446.8 |  | $ | 340.3 |  | $ | 321.2 |  | $ | 769.1 |  | $ | 2,047.9 |
|  |  |  |  |  |  | Between | Between | Between | Between |  |
|  | Carrying | Contractual | Less than |  | 1 and |  | 2 and |  | 3 and |  | 4 and | More than
As at March 31, 2023 |  | amount | cash flows |  | 1 year |  | 2 years |  | 3 years |  | 4 years |  | 5 years |  | 5 years
Non-derivative financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities (1) | $ | 799.3 |  | $ | 799.3 |  | $ | 799.3 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Total long-term debt (2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt (other than lease liabilities) |  | 2,794.2 |  |  | 2,794.2 |  |  | 133.4 |  |  | 486.7 |  |  | 264.2 |  |  | 171.5 |  |  | 562.7 |  |  | 1,175.7 |
Interest and accretion |  | — |  |  | 734.5 |  |  | 120.2 |  |  | 93.8 |  |  | 73.9 |  |  | 67.5 |  |  | 53.9 |  |  | 325.2 |
Lease liabilities |  | 455.9 |  |  | 724.6 |  |  | 104.5 |  |  | 62.7 |  |  | 55.9 |  |  | 51.5 |  |  | 47.6 |  |  | 402.4 |
Other non-current liabilities (3) |  | 137.6 |  |  | 277.7 |  |  | — |  |  | 28.5 |  |  | 27.6 |  |  | 26.0 |  |  | 33.2 |  |  | 162.4 |
| $ | 4,187.0 |  | $ | 5,330.3 |  | $ | 1,157.4 |  | $ | 671.7 |  | $ | 421.6 |  | $ | 316.5 |  | $ | 697.4 |  | $ | 2,065.7 |
Net derivative financial liabilities (assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward foreign currency contracts (4) | $ | 25.8 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Outflow |  |  | $ | 2,119.4 |  | $ | 1,852.8 |  | $ | 186.3 |  | $ | 66.5 |  | $ | 13.8 |  | $ | — |  | $ | — |
Inflow |  |  |  | (2,092.2) |  |  | (1,832.5) |  |  | (182.2) |  |  | (64.1) |  |  | (13.4) |  |  | — |  |  | — |
Foreign currency and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
interest rate swap agreements |  | (10.5) |  |  | (11.3) |  |  | (6.5) |  |  | (3.2) |  |  | (1.1) |  |  | (0.4) |  |  | (0.1) |  |  | — |
Equity swap agreements |  | 11.8 |  |  | 11.8 |  |  | 11.8 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
| $ | 27.1 |  | $ | 27.7 |  | $ | 25.6 |  | $ | 0.9 |  | $ | 1.3 |  | $ | — |  | $ | (0.1) |  | $ | — |
| $ | 4,214.1 |  | $ | 5,358.0 |  | $ | 1,183.0 |  | $ | 672.6 |  | $ | 422.9 |  | $ | 316.5 |  | $ | 697.3 |  | $ | 2,065.7 |
(1) Includes trade accounts payable, accrued liabilities, interest payable, current portion of royalty obligations and certain payroll-related liabilities. (2) Contractual cash flows include contractual interest and principal payments related to debt obligations. Contractual interests on debt obligations with variable interest rate are presented using the period-end rate. (3) Includes non-current royalty obligations and other non-current liabilities. (4) Outflows and inflows are presented in Canadian dollar equivalent using the contractual forward foreign currency rate.
Disclosure of foreign currency risks | The forward foreign currency contracts outstanding are as follows:
(amounts in millions, except average rate) |  |  |  | 2024 |  |  |  | 2023
|  | Notional |  | Average |  | Notional |  | Average
Currencies (sold/bought) |  | amount | (1) | rate |  | amount | (1) | rate
USD/CDN |  |  |  |  |  |  |  |
Less than 1 year | $ | 1,280.2 |  |  | 0.74 |  | $ | 864.6 |  |  | 0.74 |
Between 1 and 3 years |  | 268.9 |  |  | 0.75 |  |  | 179.1 |  |  | 0.76 |
Between 3 and 5 years |  | 2.6 |  |  | 0.75 |  |  | 12.8 |  |  | 0.77 |
EUR/CDN |  |  |  |  |  |  |  |
Less than 1 year |  | 340.1 |  |  | 0.68 |  |  | 249.5 |  |  | 0.68 |
Between 1 and 3 years |  | 71.0 |  |  | 0.67 |  |  | 61.8 |  |  | 0.71 |
Between 3 and 5 years |  | 19.4 |  |  | 0.65 |  |  | 1.0 |  |  | 0.70 |
GBP/CDN |  |  |  |  |  |  |  |
Less than 1 year |  | 53.9 |  |  | 0.59 |  |  | 73.4 |  |  | 0.62 |
Between 1 and 3 years |  | 5.4 |  |  | 0.59 |  |  | 1.2 |  |  | 0.61 |
CDN/USD |  |  |  |  |  |  |  |
Less than 1 year |  | 467.9 |  |  | 1.35 |  |  | 323.4 |  |  | 1.35 |
Between 1 and 3 years |  | 22.5 |  |  | 1.34 |  |  | 10.7 |  |  | 1.31 |
Other currencies |  |  |  |  |  |  |  |
Less than 1 year |  | 381.2 |  |  | n.a. |  | 341.9 |  |  | n.a.
Between 1 and 3 years |  | 3.4 |  |  | n.a. |  | — |  |  | n.a.
Total | $ | 2,916.5 |  |  |  | $ | 2,119.4 |  |  |
(1) Exchange rates as at the end of the respective periods were used to translate amounts in foreign currencies.
Sensitivity analysis for types of market risk | The following table presents the Company’s exposure to foreign currency risk of financial instruments and the pre-tax effects on net income and OCI as a result of a reasonably possible strengthening of 5% in the relevant foreign currency against the Canadian dollar as at March 31. This analysis assumes all other variables remain constant.
| USD | € | GBP
| Net income |  | OCI | Net income |  | OCI | Net income |  | OCI
2024 |  | $ | 0.6 |  |  | $ | (15.7) |  |  | $ | (1.3) |  |  | $ | (1.9) |  |  | $ | — |  |  | $ | (0.2) |
2023 |  | 0.5 |  |  | (10.9) |  |  | 0.6 |  |  | (5.0) |  |  | 0.2 |  |  | (0.1) |
Disclosure of letters of credit and guarantees |
|  | 2024 |  | 2023
Advance payments | $ | 63.6 |  | $ | 50.8 |
Contract performance |  | 100.2 |  |  | 106.7 |
Lease obligations |  | 19.8 |  |  | 21.4 |
Financial obligations |  | 58.9 |  |  | 59.7 |
Other |  | 2.0 |  |  | 3.9 |
| $ | 244.5 |  | $ | 242.5 |

X
- Definition Disclosure Of Letters Of Credit And Guarantees [Table Text Block] + References No definition available. + Details
Name: | cae_DisclosureOfLettersOfCreditAndGuaranteesTableTextBlock
Namespace Prefix: | cae_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of notes and other explanatory information [Abstract] + References No definition available. + Details
Name: | cae_DisclosureofnotesandotherexplanatoryinformationAbstract
Namespace Prefix: | cae_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of how the entity manages its liquidity risk. [Refer: Liquidity risk [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 39 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_39_c&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DescriptionOfManagingLiquidityRisk
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of credit risk. [Refer: Credit risk [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Section Credit risk -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&doctype=Standard&dita_xref=IFRS07_g35A-38_TI -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfCreditRiskExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of information that enables users of financial statements to evaluate the nature and extent of risks arising from financial instruments to which the entity is exposed. [Refer: Financial instruments, class [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 31 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_31&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the sensitivity analysis for types of market risk to which the entity is exposed, showing how profit or loss and equity would have been affected by changes in the relevant risk variable that were reasonably possible at that date. [Refer: Market risk [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 40 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_40_a&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_SensitivityAnalysisForEachTypeOfMarketRisk
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration