Non-Controlling Interests (Tables)

12 Months Ended

Dec. 31, 2021

Interests In Other Entities [Abstract]

Summary of Information About Subsidiaries with Non-controlling Interests and Non-controlling Interest Balances

(CAD$ in millions)	Principal Place of Business	Percentage of Ownership Interest and Voting Rights Held by Non-Controlling Interest		December 31, 2021		December 31, 2020
Carmen de Andacollo	Region IV, Chile	10	%	$	24	$	26
Quebrada Blanca (a)	Region I, Chile	40	%	612		526
Elkview Mine Limited Partnership	British Columbia, Canada	5	%	86		74
Compañía Minera Zafranal S.A.C.	Arequipa Region, Peru	20	%	46		43
				$	768	$	669

25.    Non-Controlling Interests (continued)

a) Quebrada Blanca

The non-controlling interest in QBSA, the entity that owns QB2, consists of SMM/SC, who subscribed for a 30% indirect interest in QBSA in 2019, and ENAMI, a Chilean state-owned agency that holds a 10% preference share interest. ENAMI’s interest in QBSA does not require ENAMI to make contributions toward QBSA’s capital spending.

The following is the summarized financial information for Quebrada Blanca before intra-group eliminations. Quebrada Blanca has non-controlling interests that are considered material to our consolidated financial statements.

(CAD$ in millions)	December 31, 2021		December 31, 2020
Summarized balance sheet
Current assets	$	166	$	221
Current liabilities	731		698
Current net assets	(565)		(477)
Non-current assets	11,699		8,575
Non-current liabilities	7,328		4,841
Non-current net assets	4,371		3,734
Net assets	$	3,806	$	3,257
Accumulated non-controlling interests	$	612	$	526
Summarized statement of comprehensive income (loss)
Revenue	$	136	$	116
Loss for the period	(182)		(291)
Other comprehensive income (loss)	(10)		(47)
Total comprehensive income (loss)	$	(192)	$	(338)
Loss allocated to non-controlling interests	$	(20)	$	(95)
Summarized cash flows
Cash flows from operating activities	$	(516)	$	(442)
Cash flows from investing activities	(2,597)		(1,657)
Cash flows from financing activities	3,117		1,668
Effect of exchange rates on cash and cash equivalents	2		8
Net increase (decrease) in cash and cash equivalents	$	6	$	(423)