32 ANNUAL REPORT 2012 December 31 December 31 in thousands of Canadian dollars 2012 2011 Note ASSETS Current assets Cash and cash equivalents 6 66917 175208 Restricted cash 7 39293 46082 Marketable securities 725 Trade and other receivables 8 624469 533235 Unbilled revenue 9 331547 249557 Inventories 10 31018 30499 Income taxes recoverable 11931 9695 Prepaid expenses 23452 19248 1128627 1064249 Noncurrent assets Longterm fnancial assets 11 4806 8504 Construction projects accounted for using the equity method 12 27371 17931 Deferred income tax assets 21 34231 40222 Property plant and equipment 13 508849 482148 Concession rights and other intangible assets 14 425398 371041 1000655 919846 TOTAL ASSETS 2129282 1984095 LIABILITIES Current liabilities Bank indebtedness 15 10368 Trade and other payables 16 631854 536497 Provisions 17 4144 11120 Deferred revenue 9 141599 108096 Income taxes payable 12161 13688 Nonrecourse project debt 18 11926 56745 Longterm debt 18 61899 65690 873951 791836 Noncurrent liabilities Provisions 17 10522 24223 Nonrecourse project debt 18 156041 137078 Longterm debt 18 146048 142581 Convertible debentures 19 253189 251429 Concession related deferred revenue 20 63914 65266 Deferred income tax liabilities 21 67059 71342 Other liabilities 8990 10463 705763 702382 TOTAL LIABILITIES 1579714 1494218 EQUITY Capital stock 25 287571 291633 Contributed surplus 7258 6027 Retained earnings 255162 192808 Accumulated other comprehensive loss 6833 4131 Shareholders equity 543158 486337 Noncontrolling interests 6410 3540 TOTAL EQUITY 549568 489877 TOTAL LIABILITIES AND EQUITY 2129282 1984095 Approved by the Board of Directors John M Beck Director Michael A Butt Director CONSOLIDATED BALANCE SHEETS AS AT DECEMBER 31 2012 AND 2011