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10. INVESTMENT IN ASSOCIATES (Tables)

12 Months Ended

Dec. 31, 2017

Investment In Associates Tables

Investments in associates

				At December 31		At December 31
(in thousands)				2017		2016

Investment in associates-by investee:
GoviEx			$	4,203	$	4,692
			$	4,203	$	4,692

Investment in GoviEx

(in thousands except share amounts)				Number of Common Shares

Balance-December 31, 2015				-	$	-
Investment at cost:
Acquisition of Consideration Shares (note 5)				56,050,450		3,954
Purchase of Concurrent Shares (note 5)				9,093,571		285
Share of equity loss				-		(96)
Dilution gain				-		549
Balance-December 31, 2016				65,144,021	$	4,692

Share of equity loss				-		(751)
Dilution gain				-		262
Balance-December 31, 2017				65,144,021	$	4,203

Consolidated financial information of GoviEx

				At December 31		At December 31
(in thousands)				2017		2016

Total current assets			$	6,978	$	4,480
Total non-current assets				24,530		23,937
Total current liabilities				(7,792)		(7,220)
Total non-current liabilities				(112)		(503)
Total net assets			$	23,604	$	20,694


				Year Ended		6 Months Ended
				December 31,2017		December 31,2016

Revenue			$	-	$	-
Net loss				(3,632)		(392)
Comprehensive loss			$	(3,632)	$	(392)

Reconciliation of GoviEx net assets to Denison carrying value

Reconciliation of GoviEx net assets to Denison investment carrying value:
Net assets of GoviEx – opening / at acquisition ⁽¹⁾			$	20,694	$	17,240
Share issue proceeds				5,796		3,440
Contributed surplus change				-		95
Share-based payment reserve change				746		311
Net loss				(3,632)		(392)
Net assets of GoviEx – closing			$	23,604	$	20,694
Denison ownership interest				18.72%		20.68%
Denison share of net assets of GoviEx				4,419		4,280
Other adjustments				(216)		412
Investment in GoviEx			$	4,203	$	4,692