CAPITAL POWER CORPORATION Consolidated Statements of Financial Position (In millions of Canadian dollars) As at December 31, 2012 and 2011 2012 2011 Liabilities and equity Current liabilities: Trade and other payables (note 21) $ 210 $ 220 Derivative financial instruments liabilities (note 14) 52 67 Loans and borrowings (note 22) 19 28 Deferred revenue and other liabilities 8 13 Provisions (note 23) 24 33 313 361 Non-current liabilities: Derivative financial instruments liabilities (note 14) 12 7 Loans and borrowings (note 22) 1,640 1,452 Deferred revenue and other liabilities 91 76 Deferred tax liabilities (note 17) 112 55 Provisions (note 23) 214 197 2,069 1,787 Equity: Equity attributable to shareholders of the Company Share capital (note 24) 1,903 1,499 Retained earnings (deficit) (1) 16 Other reserves (note 25) 21 8 Retained earnings (deficit) and other reserves 20 24 1,923 1,523 Non-controlling interests 829 1,072 Total equity 2,752 2,595 Commitments and contingencies (note 33) Subsequent event (note 36) Total liabilities and equity $ 5,134 $ 4,743 See accompanying notes to the consolidated financial statements 75