CONSOlIDATED STATEmENT OF FINANCIAl POSITION See accompanying notes  Commitments ( note 15 ) 51 AnnuAl RepoRt 2011 (In thousands of Canadian dollars) Notes December 31, 2011 January 1, 2011  January 3, 2010 ASSETS Current:  Cash and cash equivalents  $  3,260  $  598  $  1,953  Accounts receivable 9  84,920 50,452 57,963  Income tax receivable  3,557  701  1,288  Other financial assets  22  1,346  890  1,590  Inventories 8  261,330 131,980  119,308  Prepaid expenses  3,019  1,889  2,024  Total current assets 357,432 186,510  184,126  Non-current: Property, plant and equipment 6  99,933  67,269  69,061  Deferred income taxes 20  1,695  2,403  3,628  Other receivables and miscellaneous assets  1,210  814  406  Investment in equity accounted investee  7  275  157  –  Employee future benefits 14  94  91  118  Intangible assets 4,5  103,109  31,239  19,965  Goodwill 4,5  126,787   39,819  35,983   333,103   141,792  129,161  $  690,535  $  328,302  $  313,287  LIABILITIES AND SHAREHOLDERS’ EQUITY Current:  Bank loans 12  $  120,980   $  42,725  $  23,051  Accounts payable and accrued liabilities 10   108,553  60,065  49,905  Provisions  11   675  550  1,423  Other current financial liabilities  22  793   2,334  3,989  Income taxes payable  1,990 3,230  29  Current portion of long-term debt 13 2,543   4,426 4,582  Current portion of finance lease obligations 13  1,064  972  864  Total current liabilities  236,598  114,302  83,843  Non-current:  Long-term debt 13  237,438   43,912  49,920  Other long-term financial liabilities  22  –  207  928  Long-term finance lease obligations 22  2,599  3,045  2,700  Deferred income taxes 20 41,099  9,895  5,705  Employee future benefits 14   11,274   9,630  6,991  Total liabilities 529,008  180,991  150,087  Shareholders’ equity Common shares 16  78,067  78,326  106,098  Contributed surplus   8,406  8,917 – Retained earnings  76,770 65,557  59,240  Accumulated other comprehensive loss   (1,716)  (5,489)   (2,138) Total equity 161,527   147,311  163,200  $  690,535  $  328,302  $  313,287 