Financial Performance
Approach
Long-term financial stability and profitability are essential to our sustainability as a company. We also firmly believe that sound governance is the foundation for strong corporate performance.
We report on seven measures of direct economic value and measure our financial performance against four indicators related to fines, sanctions and litigation. We also assess the effectiveness of our corporate governance using two third-party metrics.
2013 Highlights
Economic value
- increased revenue and operating costs
Fines, sanctions, litigation
- no legal actions for anti-competitive behavior
- two significant fines for non-compliance with laws and regulations
- four incidents involving dangerous goods labelling, including two resulting in warnings
Governance
- ranked 25th out of 232 Canadian companies by Globe and Mail in governance practices
Revenue and Operating Costs*
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Revenue | 2400000000 | 1900000000 | 2400000000 |
| Operating Costs | 1200000000 | 1200000000 | 1600000000 |
G&M Governance Scores
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| G&M Governance Scores | 91 | 91 | 88 |
Community Investment Dollars
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Community Investment | 5300000 | 5300000 | 4100000 |
*Starting in the first quarter of 2013, IFRS 11 – Joint Arrangements requires that we account for our interest in Bruce Power Limited Partnership using equity accounting. Our results for 2012 have been revised for comparative purposes; however, our results prior to 2012 have not been revised.
Financial Profitability and Long-Term Viability
Responsible planning and cost-effective management are the keys to successfully and sustainably operating our business. Public education, stakeholder engagement and responsible corporate stewardship are essential to maintaining our social licence to operate.
Product and Material Stewardship
Cameco is responsible for the safe handling, packaging and transportation of our products. We’re also responsible, together with the federal government and regulators, for ensuring our products are used only for peaceful purposes. This involves adhering strictly to national and international standards, agreements and protocols, vetting customers and carriers thoroughly, maintaining detailed chain of custody records, and following procedures related to safe transportation and handling of radioactive materials.