Algonquin Power & Utilities Corp. – Consolidated Financial Statements Algonquin Power & Utilities Corp. Consolidated Statements of Comprehensive Income (Loss) (thousands of Canadian dollars) 2012 2011 Net earnings $ 21,946 $ 27,302 Other comprehensive income (loss): Foreign currency translation adjustment, net of tax of $560 and ($Nil), respectively (notes 1(v),  9 and 24(c)) (7,829) 4,272  Change in fair value of cash flow hedge, net of tax of $1,715 and $Nil, respectively (note 24(b)  and (ii)) 3,593  - Change in unrealized pension and other post-retirement expense, net of tax of $1,653 and $Nil,  respectively (note 11) (2,453) (48) Other comprehensive income (loss), net of tax (6,689) 4,224 Comprehensive income 15,257 31,526 Comprehensive income attributable to the non-controlling interest 9,08 4,810  Comprehensive income attributable to shareholders of Algonquin Power & Utilities Corp. $ 6,174 $ 26,716 3 See accompanying notes to consolidated financial statements 75 2012 Annual Report