Content
Consolidated Statements of Financial Position
|
Year ended December 31, |
2008 |
2007 |
|---|---|---|
(millions of dollars) |
||
Assets |
||
Current Assets |
||
Cash and cash equivalents |
17.3 |
14.7 |
Accounts receivable and other |
38.8 |
32.8 |
|
56.1 |
47.5 |
Property, Plant and Equipment, Net (Note 6) |
1,308.9 |
1,329.0 |
Intangible Assets (Note 7) |
90.9 |
96.4 |
Goodwill |
308.1 |
308.1 |
Deferred Amounts and Other Assets |
90.7 |
75.0 |
Future Income Taxes (Note 17) |
3.5 |
2.8 |
|
1,858.2 |
1,858.8 |
Liabilities and Unitholders’ Equity |
||
Current Liabilities |
||
Accounts payable and accrued liabilities |
49.6 |
39.6 |
Distributions payable |
3.0 |
2.8 |
Current portion of long-term debt (Note 8) |
100.0 |
- |
Current portion of non-recourse long-term debt (Note 9) |
30.9 |
28.7 |
183.5 |
71.1 |
|
Long-term Debt (Note 8) |
178.8 |
284.2 |
Non-recourse Long-term Debt (Note 9) |
764.7 |
761.1 |
ECT Preferred Units (Note 11) |
380.2 |
380.2 |
Long-term Liabilities |
18.3 |
11.0 |
Asset Retirement Obligations (Note 12) |
10.9 |
7.9 |
Future Income Taxes (Note 17) |
59.9 |
64.2 |
|
1,596.3 |
1,579.7 |
Unitholders’ Equity |
||
Trust units (Note 13) |
333.4 |
333.4 |
Deficit |
(61.9) |
(48.1) |
Accumulated other comprehensive loss |
(9.6) |
(6.2) |
|
261.9 |
279.1 |
|
1,858.2 |
1,858.8 |
The accompanying notes to the consolidated financial statements are an integral part of these statements.
Approved by the Trustees of Enbridge Commercial Trust on behalf of Enbridge Income Fund:
Gordon G. Tallman
Trustee
Richard H. Auchinleck
Trustee