Content

Consolidated Statements Of Unitholders’ Equity

(millions of dollars)

Year ended December 31,

2007

2006

Trust Units

333.4

333.4

Deficit at Beginning of Year

(36.1)

(39.3)

Earnings

21.1

35.3

Ordinary and subordinated trust unit distributions

(33.1)

(32.1)

Deficit at End of Year

(48.1)

(36.1)

Accumulated Other Comprehensive Loss at Beginning of Year

-

-

Cumulative impact of change in accounting policy (Note 3)

(6.1)

-

Other comprehensive loss

(0.1)

-

Accumulated Other Comprehensive Loss at End of Year

(6.2)

-

Total Unitholders' Equity

279.1

297.3

The accompanying notes to the consolidated financial statements are an integral part of these statements.

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