Consolidated Statements of Financial Position

As at December 31 ($Cdn thousands)	Note	2014	2013
Commitments and contingencies [notes 10, 18, 23]
See accompanying notes to consolidated financial statements.
Assets
Current assets
Cash and cash equivalents		$566,583	$229,135
Accounts receivable	8	455,002	431,375
Current tax assets		3,096	2,598
Inventories	9	902,278	913,315
Supplies and prepaid expenses		130,406	177,632
Current portion of long-term receivables, investments and other	12	10,341	3,775
Total current assets		2,067,706	1,757,830
Property, plant and equipment	10	5,291,021	5,040,993
Goodwill and intangible assets	11	201,102	194,031
Long-term receivables, investments and other	12	423,280	287,548
Investments in equity-accounted investees	13	3,230	492,712
Deferred tax assets	23	486,328	266,203
Total non-current assets		6,404,961	6,281,487
Total assets		$8,472,667	$8,039,317
Liabilities and shareholders’ equity
Current liabilities
Bank overdraft	15	$ —	$41,226
Accounts payable and accrued liabilities	14	316,258	437,941
Current tax liabilities		51,719	54,708
Short-term debt	15	—	50,230
Dividends payable		39,579	39,548
Current portion of other liabilities	17	87,883	60,685
Current portion of provisions	18	20,375	20,213
Total current liabilities		515,814	704,551
Long-term debt	16	1,491,198	1,293,383
Other liabilities	17	172,034	79,380
Provisions	18	825,935	570,700
Deferred tax liabilities	23	23,882	41,909
Total non-current liabilities		2,513,049	1,985,372
Shareholders’ equity
Share capital		1,862,646	1,854,671
Contributed surplus		196,815	186,382
Retained earnings		3,333,099	3,314,049
Other components of equity		51,084	(6,837)
Total shareholders’ equity attributable to equity holders		5,443,644	5,348,265
Non-controlling interest		160	1,129
Total shareholders’ equity		5,443,804	5,349,394
Total liabilities and shareholders’ equity		$8,472,667	$8,039,317

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