For the years ended December 31, 2007 and 2006
($Cdn thousands except per share amounts and as noted)
Effective February 1, 2006, Cameco acquired a 100% interest in Zircatec Precision Industries, Inc. for $108,884,000. Zircatec's primary business is manufacturing nuclear fuel bundles for sale to companies that generate electricity from Candu reactors. The acquisition was accounted for using the purchase method and the results of operations are included in the consolidated financial statements from February 1, 2006.
The values assigned to the net assets acquired were as follows:
|Cash and other working capital||$||20,738|
|Future income taxes||(40,836)|
|Net assets acquired||$||108,884|
Holdback [note 10]