Consolidated Balance Sheets

December 31 (millions of C$) 2010 2009
    (restated –
note 3)
Assets    
Current    
Cash and cash equivalents (note 21) 1,646 1,690
Accounts receivable (note 5) 1,399 1,253
Inventories (note 6) 143 144
Prepaid expenses 20 9
Assets of discontinued operations (note 3) 58
  3,208 3,154
Other assets (note 7) 861 170
Future income taxes (note 19) 170 120
Goodwill (note 4) 1,150 1,176
Property, plant and equipment, net (note 8) 18,804 16,431
Assets of discontinued operations (note 3) 2,567
  20,985 20,464
Total assets        24,193 23,618
Liabilities    
Current    
Bank indebtedness 2 36
Accounts payable and accrued liabilities 2,532 2,121
Income and other taxes payable 510 357
Current portion of long-term debt (note 10)        357 10
Future income taxes (note 19) 68
Liabilities of discontinued operations (note 3) 9
  3,401 2,601
Deferred credits 51 59
Asset retirement obligations (note 9) 2,252 2,116
Other long-term obligations (note 11)        212 168
Long-term debt (note 10)        3,824 3,770
Future income taxes (note 19) 3,974 3,599
Liabilities of discontinued operations (note 3) 194
  10,313 9,906
Contingencies and commitments (note 16)    
Shareholders’ equity    
Common shares, no par value (note 13)    
Authorized: unlimited    
Issued and outstanding:    
2010 – 1,019,290,939 (2009 – 1,014,876,564)        2,457 2,374
Contributed surplus 132 153
Retained earnings 9,568 9,174
Accumulated other comprehensive loss (note 14) (1,678) (590)
  10,479 11,111
Total liabilities and shareholders’ equity        24,193 23,618

See accompanying notes.

On behalf of the Board:

Charles R. Williamson
Chairman of the Board

John D. Watson
Director