Consolidated Earnings

For the years ended December 31 ($Cdn thousands, except per share amounts)	Note	2012	(Recast – note 6) 2011
See accompanying notes to consolidated financial statements.
Revenue from products and services		$2,321,471	$2,384,404
Cost of products and services sold		1,304,778	1,333,449
Depreciation and amortization		293,429	274,663
Cost of sales		1,598,207	1,608,112
Gross profit		723,264	776,292
Administration		181,248	157,487
Impairment charge on non-producing property	10	168,000	–
Exploration		97,169	84,875
Research and development		9,301	4,514
Loss (gain) on sale of assets		(1,660)	7,602
Earnings from operations		269,206	521,814
Finance costs	22	(80,349)	(73,668)
Gains (losses) on derivatives	29	39,356	(4,417)
Finance income		20,745	24,547
Share of loss from equity-accounted investees	13	(6,005)	(7,233)
Other income (expense)	23	(24,746)	556
Earnings before income taxes		218,207	461,599
Income tax expense (recovery)	24	(46,376)	11,755
Net earnings		$264,583	$449,844
Net earnings (loss) attributable to:
Equity holders		$266,136	$450,404
Non-controlling interest		(1,553)	(560)
Net earnings		$264,583	$449,844
Earnings per common share attributable to equity holders
Basic	25	$0.67	$1.14
Diluted	25	$0.67	$1.14