CAPITAL POWER CORPORATION Consolidated Financial Statements Years ended December 31, 2012 and 2011 Auditors’ Report 70 Financial Statements: Consolidated Statements of Income 72 Consolidated Statements of Comprehensive Income 73 Consolidated Statements of Financial Position 74 Consolidated Statements of Changes in Equity 76 Consolidated Statements of Cash Flows 78 Notes to the Consolidated Financial Statements 79 69