CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED BALANCE SHEETS At December 31, 2013 and 2012 December 31 (millions of Canadian dollars) 2013 2012 Assets Current assets:  Cash and cash equivalents  (Note 13) 565 195 Accounts receivable (net of allowance for doubtful accounts – $36; 2012 – $23)  (Note 8) 923 845 Due from related parties  (Note 20) 197 154 Regulatory assets  (Note 11) 47 29 Materials and supplies  23 23 Deferred income tax assets  (Note 7) 18 18 Derivative instruments  (Note 13) 6 – Investment  (Notes 13, 20) 251 – Other  28 22 2,058 1,286 Property, plant and equipment  (Note 9) : Property, plant and equipment in service  23,820 22,650 Less: accumulated depreciation  8,615 8,145 15,205 14,505 Construction in progress  1,078 1,055 Future use land, components and spares  148 147 16,431 15,707 Other long-term assets:  Regulatory assets  (Note 11) 2,636 3,098 Investment  (Notes 13, 20) – 251 Intangible assets (net of accumulated amortization – $252; 2012 – $305)  (Note 10) 313 267 Goodwill  133 133 Deferred debt costs  36 34 Derivative instruments  (Note 13) 6 19 Deferred income tax assets  (Note 7) 11 14 Other  1 2 3,136 3,818 Total assets 21,625 20,811 See accompanying notes to Consolidated Financial Statements. 51 HYDRO ONE ANNUAL REPORT 2013