Consolidated Financial Position

As at December 31
($Cdn thousands)		 Note  2012  (Recast – note 6)
2011
Commitments and contingencies [notes 19,24,31]
See accompanying notes to consolidated financial statements.
Assets      
Current assets      
Cash and cash equivalents   $749,824  $398,084 
Short-term investments 7  49,535  804,141 
Accounts receivable 8  546,500  611,815 
Current tax assets   22,804  31,388 
Inventories 9  563,578  493,875 
Supplies and prepaid expenses   189,421  182,037 
Current portion of long-term receivables, investments and other 12  46,259  62,433 
Total current assets   2,167,921  2,583,773 
       
Property, plant and equipment 10  5,249,099  4,349,492 
Intangible assets 11  94,327  98,954 
Long-term receivables, investments and other 12  298,038  282,513 
Investments in equity-accounted investees 13  212,522  220,226 
Deferred tax assets 24  193,113  81,392 
Total non-current assets   6,047,099  5,032,577 
Total assets   $8,215,020  $7,616,350 
       
Liabilities and Shareholders' Equity      
Current liabilities      
Accounts payable and accrued liabilities 14  $468,776  $455,499 
Current tax liabilities   36,600  39,330 
Short-term debt 15  106,590  97,830 
Dividends payable   39,535  39,475 
Current portion of finance lease obligation 17  16,337  14,852 
Current portion of other liabilities 18  21,144  50,495 
Current portion of provisions 19  18,830  14,857 
Total current liabilities   707,812  712,338 
       
Long-term debt 16  1,292,440  795,145 
Finance lease obligation 17  114,676  130,982 
Other liabilities 18  599,428  526,959 
Provisions 19  550,624  519,625 
Deferred tax liabilities 24  5,773  8,165 
Total non-current liabilities   2,562,941  1,980,876 
       
Shareholders' equity      
Share capital   1,851,507  1,842,289 
Contributed surplus   168,952  155,757 
Retained earnings   2,915,437  2,874,973 
Other components of equity   7,791  46,574 
Total shareholders' equity attributable to equity holders   4,943,687  4,919,593 
       
Non-controlling interest   580  3,543 
Total shareholders' equity   4,944,267  4,923,136 
Total liabilities and shareholders' equity   $8,215,020  $7,616,350 

Approved by the board of directors
Original signed by Tim S. Gitzel and John H. Clappison