XML 80 R22.htm IDEA: XBRL DOCUMENT
v3.22.0.1

INCOME TAXES | 12 Months Ended
--- | ---
Dec. 31, 2021
INCOME TAXES |
INCOME TAXES |
17. | INCOME TAXES
| The income tax recovery balance from continuing operations consists of:
(in thousands) |  | 2021 |  |  | 2020 |
Deferred income tax: |  |  |  |  |  |
Origination of temporary differences |  | $ | 1,795 |  |  | $ | 710 |
Tax benefit-previously unrecognized tax assets |  |  | 247 |  |  |  | 1,255 |
Prior year over (under) provision |  |  | (47 | ) |  |  | (1,105 | )
|  |  | 1,995 |  |  |  | 860 |
Income tax recovery |  | $ | 1,995 |  |  | $ | 860 |
| The Company operates in multiple industries and jurisdictions, and the related income is subject to varying rates of taxation. The combined Canadian tax rate reflects the federal and provincial tax rates in effect in Ontario, Canada for each applicable year. A reconciliation of the combined Canadian tax rate to the Company’s effective rate of income tax is as follows:
(in thousands) |  | 2021 |  |  | 2020 |
Income (loss) before taxes |  | $ | 16,982 |  |  | $ | (17,143 | )
Combined Canadian tax rate |  |  | 26.50 | % |  |  | 26.50 | %
Income tax (expense) recovery at combined rate |  |  | (4,500 | ) |  |  | 4,543 |
Difference in tax rates |  |  | (1,704 | ) |  |  | 1,746 |
Non-deductible amounts |  |  | (4,637 | ) |  |  | (2,579 | )
Non-taxable amounts |  |  | 13,518 |  |  |  | 2,535 |
Previously unrecognized deferred tax assets (1) |  |  | 247 |  |  |  | 1,255 |
Renunciation of tax attributes-flow-through shares |  |  | (423 | ) |  |  | (417 | )
Change in deferred tax assets not recognized |  |  | (233 | ) |  |  | (5,960 | )
Change in tax rates, legislation |  |  | (29 | ) |  |  | (55 | )
Prior year over (under) provision |  |  | (47 | ) |  |  | (1,105 | )
Other |  |  | (197 | ) |  |  | 897 |
Income tax recovery |  | $ | 1,995 |  |  | $ | 860 |
| (1) | The Company has recognized certain previously unrecognized Canadian tax assets in 2021 and 2020 as a result of the renunciation of certain tax benefits to subscribers pursuant to its December 2020 ($930,000) and December 2019 ($4,715,000) flow-through share offerings.
| The deferred income tax assets (liabilities) balance reported on the balance sheet is comprised of the temporary differences as presented below:
|  | At December 31 |  |  | At December 31 |
(in thousands) |  | 2021 |  |  | 2020 |
Deferred income tax assets: |  |  |  |  |  |
Property, plant and equipment, net |  | $ | 387 |  |  | $ | 387 |
Post-employment benefits |  |  | 331 |  |  |  | 355 |
Reclamation obligations |  |  | 11,420 |  |  |  | 11,709 |
Non-capital tax loss carry forwards |  |  | 16,910 |  |  |  | 16,943 |
Capital loss carry forward |  |  | 6,862 |  |  |  | - |
Other |  |  | 7,942 |  |  |  | 7,747 |
Deferred income tax assets-gross |  |  | 43,852 |  |  |  | 37,141 |
Set-off against deferred income tax liabilities |  |  | (43,852 | ) |  |  | (37,141 | )
Deferred income tax assets-per balance sheet |  | $ | - |  |  | $ | - |
Deferred income tax liabilities: |  |  |  |  |  |  |  |
Inventory |  | $ | (755 | ) |  | $ | (757 | )
Property, plant and equipment, net |  |  | (42,322 | ) |  |  | (44,436 | )
Investments-equity instruments and uranium |  |  | (6,862 | ) |  |  | - |
Other |  |  | (1,132 | ) |  |  | (1,140 | )
Deferred income tax liabilities-gross |  |  | (51,071 | ) |  |  | (46,333 | )
Set-off of deferred income tax assets |  |  | 43,852 |  |  |  | 37,141 |
Deferred income tax liabilities-per balance sheet |  | $ | (7,219 | ) |  | $ | (9,192 | )
| The deferred income tax liability continuity summary is as follows:
(in thousands) |  | 2021 |  |  | 2020 |
Balance-January 1 |  | $ | (9,192 | ) |  | $ | (8,924 | )
Recognized in income (loss) |  |  | 1,995 |  |  |  | 860 |
Recognized in other liabilities (flow-through shares) |  |  | (22 | ) |  |  | (902 | )
Recognized in other comprehensive income |  |  | - |  |  |  | (226 | )
Balance-December 31 |  | $ | (7,219 | ) |  | $ | (9,192 | )
| Management believes that it is not probable that sufficient taxable profit will be available in future years to allow the benefit of the following deferred tax assets to be utilized:
|  | At December 31 |  |  | At December 31 |
(in thousands) |  | 2021 |  |  | 2020 |
Deferred income tax assets not recognized |  |  |  |  |  |
Property, plant and equipment |  | $ | 4,022 |  |  | $ | 4,744 |
Tax losses-capital |  |  | 58,312 |  |  |  | 66,873 |
Tax losses-operating |  |  | 51,353 |  |  |  | 42,635 |
Tax credits |  |  | 1,126 |  |  |  | 1,126 |
Other deductible temporary differences |  |  | 5,023 |  |  |  | 1,441 |
Deferred income tax assets not recognized |  | $ | 119,836 |  |  | $ | 116,819 |
| The expiry dates of the Company’s Canadian operating tax losses and tax credits are as follows:
|  | Expiry |  | At December 31 |  |  | At December 31 |
(in thousands) |  | Date |  | 2021 |  |  | 2020 |
Tax losses-gross |  | 2025-2041 |  | $ | 251,967 |  |  | $ | 220,039 |
Tax benefit at tax rate of 26% - 27% |  |  |  |  | 68,263 |  |  |  | 59,578 |
Set-off against deferred tax liabilities |  |  |  |  | (16,910 | ) |  |  | (16,943 | )
Total tax loss assets not recognized |  |  |  | $ | 51,353 |  |  | $ | 42,635 |
Tax credits |  | 2025-2035 |  |  | 1,126 |  |  |  | 1,126 |
Total tax credit assets not recognized |  |  |  | $ | 1,126 |  |  | $ | 1,126 |

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

X
- Definition The entire disclosure for income taxes. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2021-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=12&code=ifrs-tx-2021-en-r&doctype=Standard&dita_xref=IAS12_g79-88_TI -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfIncomeTaxExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration