10. Property, plant and equipment

  Land and buildings Plant and equipment (a) Furniture and fixtures Under construction Exploration and evaluation Total
Cost
Beginning of year $2,460,549 $2,346,052 $92,471 $1,553,236 $421,953 $6,874,261
Acquisitions [note 37] — — — — 598,407 598,407
Additions 97,481 25,556 2,099 644,848 9,260 779,244
Transfers 129,688 193,867 9,800 (333,355) — —
Disposals (2,281) (13,180) (3) — — (15,464)
Effect of movements in exchange rates (9,707) (3,110) (181) (3,083) (5,233) (21,314)
End of year 2,675,730 2,549,185 104,186 1,861,646 1,024,387 8,215,134
Accumulated depreciation
Beginning of year 1,190,263 1,258,911 75,595 — — 2,524,769
Depreciation charge 137,811 144,312 9,982 — — 292,105
Disposals (1,251) (12,554) (4) — — (13,809)
Impairment charge on non-producing property (b) — — — — 168,000 168,000
Effect of movements in exchange rates (3,969) (941) (120) — — (5,030)
End of year 1,322,854 1,389,728 85,453 — 168,000 2,966,035
Net book value at December 31, 2012 $1,352,876 $1,159,457 $18,733 $1,861,646 $856,387 $5,249,099
  Land and buildings Plant and equipment (a) Furniture and fixtures Under construction Exploration and evaluation (Recast – note 6)
Total
  1. (a) At December 31, 2012, the net amount included in the statement of financial position for plant and equipment includes Cameco’s share of BPLP’s nuclear generating plant under finance lease of $79,316,000 (2011 - $93,220,000).
  2. (b) During 2012, Cameco recognized a $168,000,000 impairment charge relating to Kintyre, its advanced uranium exploration project in Australia. Due to the weakening of the uranium market since the asset was purchased in 2008, no increase to the mineral resource estimate in 2012 and the decision not to proceed with the detailed feasibility study, the Company concluded it was appropriate to recognize an impairment charge. The amount of the charge was determined as the excess of the carrying value over the fair value less costs to sell based on the implied fair value of the resources in place using comparable market transaction metrics.
Cost
Beginning of year $2,183,854 $2,212,015 $85,248 $1,189,854 $408,333 $6,079,304
Additions 196,567 33,328 3,263 575,185 3,833 812,176
Transfers 75,976 131,306 3,762 (211,044) — —
Disposals (4,226) (33,949) (12) (3,083) — (41,270)
Effect of movements in exchange rates 8,378 3,352 210 2,324 9,787 24,051
End of year 2,460,549 2,346,052 92,471 1,553,236 421,953 6,874,261
Accumulated depreciation
Beginning of year 1,083,584 1,156,032 63,478 — — 2,303,094
Depreciation charge 106,164 131,898 11,998 — — 250,060
Disposals (3,597) (29,998) (11) — — (33,606)
Effect of movements in exchange rates 4,112 979 130 — — 5,221
End of year 1,190,263 1,258,911 75,595 — — 2,524,769
Net book value at December 31, 2011 $1,270,286 $1,087,141 $16,876 $1,553,236 $421,953 $4,349,492