EX-99.5 6 d490324dex995.htm EX-99.5 EX-99.5

EXHIBIT 99.5

Contractual Cash Obligations

 

As at December 31, 2012 (Cdn$ millions)

    Total      Due in
Less
Than
1 Year		      Due
in
1 - 3
Years		      Due
in
4 - 5
Years		      Due
After
5 Yrs		  

Long-term debt

      1,300         —           300         —           1,000   

BPLP capital lease

      131         16         39         48         28   

Interest on long-term debt

      543         62         125         97         259   

Interest on BPLP capital lease

      33         9         15         8         1   

Provision for reclamation

      698         16         32         54         596   

Provision for waste disposal

      17         3         6         8         —     

Other liabilities

      586         —           —           —           586   

Unconditional product purchase commitments 1, 2

      1,220         436         216         92         476   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total contractual cash obligations

      4,528         542         733         307         2,946   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

1 

Denominated in US dollars. Converted to Canadian dollars at the December 31, 2012 rate of Cdn $1.00.

2 

Virtually all of Cameco Corporation’s product purchase obligations are under long-term, fixed-price arrangements.

Commercial Commitments

 

As at December 31, 2012 (Cdn$ millions)

    Total
amounts
committed		  

Standby letters of credit 1

      672   

BPLP guarantees 2

      59   
  

 

 

  

Total commercial commitments

      731   
  

 

 

  

 

1

The standby letters of credit maturing in 2013 were issued with a one-year term and will be automatically renewed on a year-by-year basis until the underlying obligations are resolved. These obligations are primarily the decommissioning and reclamation of Cameco Corporation’s mining and conversion facilities. As such, the letters of credit are expected to remain outstanding well into the future.

2 

At December 31, 2012, Cameco Corporation’s total commitment for financial assurances given on behalf of BPLP was estimated to be Cdn $63 million. Refer to note 31 in the 2012 consolidated audited financial statements.