XML 49 R29.htm IDEA: XBRL DOCUMENT
v3.10.0.1

SEGMENTED INFORMATION | 12 Months Ended
--- | ---
Dec. 31, 2018
Segmented Information |
SEGMENTED INFORMATION | Business Segments The Company operates in three primary segments – the Mining segment, the Environmental Services segment and the Corporate and Other segment. The Mining segment has historically been further subdivided into geographic regions, being Canada, Africa and Asia, and includes activities related to exploration, evaluation and development, mining, milling (including toll milling) and the sale of mineral concentrates. The Africa and Asia Mining segments were disposed of in 2016 and 2015 respectively. The Environmental Services segment includes the results of the Company’s environmental services business, DES. The Corporate and Other segment includes management fee income earned from UPC and general corporate expenses not allocated to the other segments. Management fee income has been included with general corporate expenses due to the shared infrastructure between the two activities. For the year ended December 31, 2018, reportable segment results were as follows:
(in thousands) |  |  | Canada Mining | DES | Corporate and Other | Total
Statement of Operations: |  |  |  |  |  |
Revenues |  |  | 4,239 | 9,298 | 2,013 | 15,550
Expenses: |  |  |  |  |  |
Operating expenses |  |  | (7,528) | (8,211) | (209) | (15,948)
Exploration and evaluation |  |  | (15,457) | - | - | (15,457)
General and administrative |  |  | (17) | - | (7,172) | (7,189)
Impairment expense |  | (6,086) | - | - | (6,086)
|  |  | (29,088) | (8,211) | (7,381) | (44,680)
Segment income (loss) |  |  | (24,849) | 1,087 | (5,368) | (29,130)
Revenues – supplemental: |  |  |  |  |  |
Environmental services |  |  | - | 9,298 | - | 9,298
Management fees |  |  | - | - | 2,013 | 2,013
Toll milling services–deferred revenue |  |  | 4,239 | - | - | 4,239
|  |  | 4,239 | 9,298 | 2,013 | 15,550
Capital additions: |  |  |  |  |  |
Property, plant and equipment |  |  | 19,001 | 95 | - | 19,096
Long-lived assets: |  |  |  |  |  |
Plant and equipment |  |  |  |  |  |
Cost |  |  | 98,737 | 4,399 | 294 | 103,430
Accumulated depreciation |  |  | (20,982) | (2,927) | (177) | (24,086)
Mineral properties |  |  | 178,947 | - | - | 178,947
|  |  | 256,702 | 1,472 | 117 | 258,291
For the year ended December 31, 2017, reportable segment results were as follows:
(in thousands) |  |  | Canada Mining | DES | Corporate and Other | Total
Statement of Operations: |  |  |  |  |  |
Revenues |  |  | 5,029 | 9,232 | 1,806 | 16,067
Expenses: |  |  |  |  |  |
Operating expenses |  |  | (5,304) | (8,230) | (224) | (13,758)
Exploration and evaluation |  |  | (16,643) | - | - | (16,643)
General and administrative |  |  | (16) | - | (7,664) | (7,680)
Impairment reversal |  | 331 | - | - | 331
|  |  | (21,632) | (8,230) | (7,888) | (37,750)
Segment income (loss) |  |  | (16,603) | 1,002 | (6,082) | (21,683)
Revenues – supplemental: |  |  |  |  |  |
Environmental services |  |  | - | 9,232 | - | 9,232
Management fees |  |  | - | - | 1,806 | 1,806
Toll milling services |  |  | 587 | - | - | 587
Toll milling services–deferred revenue |  |  | 4,442 | - | - | 4,442
|  |  | 5,029 | 9,232 | 1,806 | 16,067
Capital additions: |  |  |  |  |  |
Property, plant and equipment |  |  | 1,035 | 51 | - | 1,086
Long-lived assets: |  |  |  |  |  |
Plant and equipment |  |  |  |  |  |
Cost |  |  | 98,558 | 4,334 | 294 | 103,186
Accumulated depreciation |  |  | (17,652) | (2,724) | (140) | (20,516)
Mineral properties |  |  | 166,332 | - | - | 166,332
|  |  | 247,238 | 1,610 | 154 | 249,002
As at January 1, 2017, reportable segment amounts for the Company’s long-lived assets were as follows:
(in thousands) |  |  | Canada Mining | DES | Corporate and Other | Total
Long-lived assets: |  |  |  |  |  |
Plant and equipment |  |  |  |  |  |
Cost |  |  | 99,278 | 4,378 | 294 | 103,950
Accumulated depreciation |  |  | (14,339) | (2,495) | (96) | (16,930)
Mineral properties |  |  | 165,372 | - | - | 165,372
|  |  | 250,311 | 1,883 | 198 | 252,392
Revenue Concentration The Company’s business from continuing operations is such that, at any given time, it sells its environmental and other services to a relatively small number of customers. During 2018, one customer from the corporate and other segment, three customers from the DES segment and one customer from the mining segment accounted for approximately 97% of total revenues consisting of 13%, 57% and 27% respectively. During 2017, one customer from the corporate and other segment, three customers from the DES segment and one customer from the mining segment accounted for approximately 95% of total revenues consisting of 11%, 53% and 31% respectively. Revenue Commitments Denison’s revenue portfolio consists of short and long-term sales commitments. The following table summarizes the expected future revenue, by segment, based on the customer contract commitments and information that exists as at December 31, 2018:
(in thousands) | 2019 | 2020 | 2021 | 2022 | 2023 | There- after | Total
Revenues – by Segment: |  |  |  |  |  |  |
Canada Mining |  |  |  |  |  |  |
Toll milling services – APG Arrangement | 4,567 | 4,567 | 4,567 | 4,567 | 4,567 | 46,724 | 69,559
D.E.S |  |  |  |  |  |  |
Environmental services | 4,761 | 874 | - | - | - | - | 5,635
Corporate and Other |  |  |  |  |  |  |
Management fees | 489 | - | - | - | - | - | 489
Total Revenue Commitments | 9,817 | 5,441 | 4,567 | 4,567 | 4,567 | 46,724 | 75,683
With the exception of the toll milling services related to the APG Arrangement, the amounts in the table above represent the estimated consideration that Denison will be entitled to receive when it satisfies the remaining performance obligations in its customer contracts. Various assumptions, consistent with past experience, have been made where the quantity of the performance obligation may vary. The APG Arrangement toll milling revenue commitment represents the estimated non-cash amount of the revenue component of the Company’s deferred revenue balance at December 31, 2018 (see note 14). The difference between the total revenue commitment amount above and the liability on the balance sheet represents the cumulative remaining impact of discounting to the end of the APG Arrangement contract.

X
- References No definition available. + Details
Name: | DNN_SegmentedInformationAbstract
Namespace Prefix: | DNN_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of operating segments. [Refer: Operating segments [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2018-01-01 -Paragraph 23 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=8&date=2018-03-01&anchor=para_23&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfOperatingSegmentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration