As at December 31, 2021, NexGen held 100% ownership of the subsidiaries with the exception of IsoEnergy, where it retained 51% of IsoEnergy’s outstanding common shares (December 31, 2020 – 51%) (Note 4(b)).

For financial reporting purposes, the assets, liabilities, results of operations, and cash flows of the Company’s wholly owned subsidiaries and

non-wholly

owned subsidiary, IsoEnergy, are included in NexGen’s consolidated financial statements. Third party investors’ share of the net earnings of IsoEnergy is reflected in the loss and comprehensive loss attributable to

non-controlling

interests in the consolidated statements of loss and comprehensive loss.

Summarized financial information for IsoEnergy Ltd. is as follows:


	2021			2020
Cash	$	13,617		$	14,035
Other current assets		236			265
Marketable securities		9,315			—
Non-current assets		61,022			53,923

Total assets	$	84,190		$	68,223

Current liabilities		641			305
Non-current liabilities		27,636			14,831

Total liabilities	$	28,277		$	15,136

Loss from operations	$	15,781		$	9,543
Loss and comprehensive loss	$	10,819		$	9,616
Net cash flow from operating activities		(2,751	)		(2,532	)
Net cash flow from investing activities		(5,336	)		(5,664	)
Net cash flow from financing activities		7,669			15,643

Net increase (decrease) in cash	$	(418	)	$	7,447

During the year ended December 31, 2021, the Company exercised 5,223,689 warrants of IsoEnergy at $0.60 per share for total outlay of $3,134 (December 31, 2020 – nil warrants for $nil outlay). As at December 31, 2021, the

non-controlling

interests in IsoEnergy was $27,740 (December 31, 2020 – $25,001).