|
CONSOLIDATED BALANCE SHEETS
| December 31, 2005 and 2004 (in thousands of dollars) |
2005
|
2004
|
|
|
Assets
|
| Current assets: |
|
Cash |
$ 28,485
|
$ 17,424
|
|
Marketable securities (notes 3, 4 and 9) |
247,747
|
154,126
|
|
Accounts receivable |
24,511
|
19,751
|
|
Energy contracts receivable (notes 9 and 10) |
1,004,320
|
608,383
|
|
Prepaid expenses |
2,691
|
2,470
|
|
Future tax asset (note 21) |
4,571
|
5,694
|
|
|
|
|
|
|
1,312,325
|
807,848
|
|
|
|
|
| Premises and equipment (note 5) |
25,776
|
31,484
|
| Future tax asset (note 21) |
139,018
|
111,873
|
| Other assets (note 6) |
13,026
|
14,808
|
| Investment in affiliate (note 8) |
11,439
|
12,132
|
| Intangible assets (note 11) |
30,700
|
33,208
|
| Goodwill (note 11) |
24,941
|
24,941
|
|
|
|
|
|
|
$ 1,557,225
|
$ 1,036,294
|
|
|
|
|
Liabilities and Shareholders' Equity |
|
Current liabilities:
|
|
Accounts payable and accrued liabilities |
$ 34,116
|
$ 31,852
|
|
Energy contracts payable (notes 9 and 10) |
1,004,320
|
607,537
|
|
Deferred revenue |
3,006
|
2,828
|
|
Current portion of obligation under capital lease (note 12) |
833
|
533
|
|
Income taxes payable |
27,872
|
19,587
|
|
|
|
|
|
|
1,070,147
|
662,337
|
|
|
|
|
| Long term liabilities: |
|
|
|
Accrued employee benefits liability (note 7) |
8,524
|
7,220
|
|
Obligation under capital lease (note 12) |
903
|
1,282
|
|
Other liabilities (note 14) |
21,081
|
15,784
|
|
|
|
|
|
|
30,508
|
24,286
|
|
|
|
|
| Deferred revenue-initial and additional listing fees (note 15) |
278,775
|
220,155
|
| Shareholders' equity (note 16): |
|
|
|
Share capital
|
380,925
|
375,765
|
|
Share option plan |
2,669
|
1,662
|
|
Deficit |
(205,799)
|
(247,911)
|
|
|
|
|
|
|
177,795
|
129,516
|
|
|
|
|
| Commitments and contingent liability (notes 12 and 24) |
$ 1,557,225
|
$ 1,036,294
|
|
|
|
|
|
|
|
|
See accompanying notes to consolidated financial statements.
On behalf of the Board:
Wayne Fox, Chair |
J. Spencer Lanthier, Director |
|
