12. Long-term receivables, investments and other

  2012  2011 
  1. (a) BPLP leases the Bruce A nuclear generating plants and other property, plant and equipment to BALP under a sublease agreement. Future minimum base rent sublease payments under the capital lease receivable are imputed using a 7.5% discount rate. The future minimum lease payments are as follows:
BPLP    
Finance lease receivable from Bruce A Limited Partnership (BALP) (a) $81,528  $87,785 
Derivatives [note 29] 20,180  54,010 
Available-for-sale securities    
GoviEx Uranium (privately held) 20,599  21,057 
Derivatives [note 29] 22,453  17,569 
Advances receivable from JV Inkai LLP [note 36] 87,264  78,058 
Investment tax credits 69,690  54,038 
Other 42,583  32,429 
  344,297  344,946 
Less current portion (46,259) (62,433)
Net $298,038  $282,513 
At December 31, 2012
  Future minimum
lease payments 		 Interest  Present value
of minimum
lease payments 
Less than one year $12,798  $5,880  $6,918 
Between one and five years 69,754  16,093  53,661 
More than five years 21,810  861  20,949 
Total $104,362  $22,834  $81,528 

At December 31, 2011
  Future minimum
lease payments 		 Interest  Present value
of minimum
lease payments 
Less than one year $12,640  $6,372  $6,268 
Between one and five years 59,800  19,566  40,234 
More than five years 44,550  3,267  41,283 
Total $116,990  $29,205  $87,785 

Included in finance income is $6,383,000 related to the finance lease receivable for the year ended December 31, 2012 (2011 - $6,731,000).

The lease agreement includes supplemental lease payments which are classified as contingent rents. Annual supplemental rents of $31,000,000 (subject to CPI) per operating reactor are payable by BPLP to Ontario Power Generation Inc. (OPG). Should the hourly annual average price of electricity in Ontario fall below $30 per megawatt hour for any calendar year, the supplemental rent reduces to $12,000,000 per operating reactor.

In accordance with the sublease agreement, BALP will participate in its share of supplemental rent and any subsequent adjustments. There were $35,866,000 in supplemental lease payments to OPG recognized in 2012 (2011 - $58,302,000). Of this amount, $20,698,000 was reimbursed to BPLP from BALP during 2012 (2011 - $19,434,000). The net amounts have been recognized in cost of products and services sold.

In addition, the base rent payments during the renewal periods have been classified as contingent rents. The calculation of the renewal base rent payments is based on the proportion of operational BALP units versus BPLP units, contingent on the extent of use of the respective stations. These base rents will commence in 2019.