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