CONSOLIDATED BALANCE SHEETS
| December 31, 2006 and 2005 (in thousands of dollars) | 2006 | 2005 |
| Assets | | Current assets: | | Cash | $ 37,018 | $ 28,485 | | Marketable securities (notes 3 and 9) | 285,055 | 247,747 | | Accounts receivable | 34,298 | 24,511 | | Energy contracts receivable (notes 9 and 10) | 889,395 | 1,004,320 | | Prepaid expenses | 2,914 | 2,691 | | Future tax asset (note 21) | 25,095 | 16,532 | | |
|
| | | 1,273,775 | 1,324,286 |
| | | | | Premises and equipment (note 5) | 25,344 | 25,776 | | Future tax asset (note 21) | 127,362 | 127,057 | | Other assets (note 6) | 12,482 | 13,026 | | Investment in affiliate (note 8) | 11,357 | 11,439 | | Intangible assets (note 11) | 62,652 | 30,700 | | Goodwill (note 11) | 59,866 | 24,941 | | |
|
| | | $ 1,572,838 | $ 1,557,225 | | |
|
|
Liabilities and Shareholders' Equity | Current liabilities: | | Accounts payable and accrued liabilities | $ 39,194 | $ 34,116 | | Energy contracts payable (notes 9 and 10) | 889,395 | 1,004,320 | | Deferred revenue | 6,468 | 3,006 | | Deferred revenue-initial and additional listing fees (note 15) | 50,410 | 41,238 | | Current portion of obligation under capital lease (note 12) | 778 | 833 | | Income taxes payable | 20,465 | 27,872 | | |
|
| | | 1,006,710 | 1,111,385 |
| | | | | Accrued employee benefits liability (note 7) | 10,425 | 8,524 | | Obligation under capital lease (note 12) | 145 | 903 | | Other liabilities (note 14) | 32,880 | 21,081 | | Deferred revenue-initial and additional listing fees (note 15) | 295,723 | 237,537 | | |
|
| | | 1,345,883 | 1,379,430 |
| | | | | Shareholders' equity (note 16): | | | | Share capital | 387,501 | 380,925 | | Share option plan | 3,942 | 2,669 | | Deficit | (164,488) | (205,799) | | |
|
| | | 226,955 | 177,795 | | Commitments and contingent liability (notes 12 and 25) | | | | |
|
| | | $ 1,572,838 | $ 1,557,225 | | |
|
| | | | | See accompanying notes to consolidated financial statements. On behalf of the Board:
Wayne Fox, Chair | 
J. Spencer Lanthier, Director | |
