Notes
Table of Contents
- 1. Cameco Corporation
- 2. Significant Accounting Policies
- 3. Explanation of Transition to IFRS
- 4. Accounting Standards
- 5. Determination of Fair Values
- 6. Use of Estimates and Judgments
- 7. Short-Term Investments
- 8. Accounts Receivable
- 9. Inventories
- 10. Property, Plant and Equipment
- 11. Intangible Assets
- 12. Long-Term Receivables, Investments and Other
- 13. Equity-Accounted Investees
- 14. Accounts Payable and Accrued Liabilities
- 15. Short-Term Debt
- 16. Long-Term Debt
- 17. Finance Lease Obligation
- 18. Other Liabilities
- 19. Provisions
- 20. Share Capital
- 21. Employee Benefit Expense
- 22. Finance Costs
- 23. Other Income
- 24. Income Taxes
- 25. Per Share Amounts
- 26. Statements of Cash Flows
- 27. Share-Based Compensation Plans
- 28. Pension and Other Post-Retirement Benefits
- 29. Financial Instruments and Related Risk Management
- 30. Capital Management
- 31. Commitments and Contingencies
- 32. Segmented Information
- 33. Group Entities
- 34. Jointly Controlled Assets
- 35. Jointly Controlled Entities
- 36. Acquisition of Controlling Interest in UFP Investments LLC (“UFP”)
- 37. Related Parties
13. Equity-Accounted Investees
| 2011 | 2010 | |
|---|---|---|
| Beginning of year | $220,430 | $222,564 |
| Investment cost addition | 10,026 | 13,582 |
| Share of loss | (7,233) | (4,176) |
| Disposal of associate | – | (945) |
| Control of associate acquired (note 36) | (6,846) | – |
| Exchange differences and other | 3,849 | (10,595) |
| End of year | $220,226 | $220,430 |
Summary financial information for Cameco's equity-accounted investees, adjusted for the percentage of ownership held, is as follows:
| 2011 | 2010 | Jan 1/10 | ||
|---|---|---|---|---|
| Current assets | $22,402 | $35,954 | $36,938 | |
| Non-current assets | 51,129 | 44,667 | 30,482 | |
| Current liabilities | (3,669) | (1,439) | (1,687) | |
| Non-current liabilities | (3,114) | (4,109) | (3,142) | |
| Net Assets | $66,748 | $75,073 | $62,591 | |
| Revenue | $1,608 | $3,580 | $ | – |
| Expenses | (8,841) | (7,756) | – | |
| Net Loss | $(7,233) | $(4,176) | $ | – |
At December 31, 2011, the quoted value of the Company's share in associates having shares listed on recognized stock exchanges was $30,268,000 (December 31, 2010 - $103,186,000). The carrying value of these investments was $6,699,000 at December 31, 2011 (December 31, 2010 - $9,998,000).
While the Company has less than a 20% interest in UrAmerica Ltd., it is considered to have significant influence because it has the right to appoint a director to the board.