CONSOLIDATED STATEMENT OF FINANCIAL POSITION ENBRIDGE 2000 ANNU AL REPORT 32 (millions of dollars) December 31, 2000 1999 Assets Current Assets Cash 67.0 53.6 Accounts receivable and other 747.5 678.5 Gas in storage 519.8 375.1 1,334.3 1,107.2 Property, Plant and Equipment, net (Note 3) 7,160.0 6,770.7 Long-Term Investments (Note 4) 1,689.5 1,051.6 Deferred Charges and Other 384.4 278.7 10,568.2 9,208.2 Liabilities and Shareholders’ Equity Current Liabilities Short-term borrowings 261.3 155.4 Accounts payable and other 420.7 494.6 Interest payable 109.3 86.1 Current portion of long-term liabilities 468.6 174.4 1,259.9 910.5 Long-Term Debt (Note 5) 5,592.7 5,284.8 Deferred Credits 69.2 157.8 Future Income Taxes (Note 10) 756.6 254.5 Non-Controlling Interests 126.4 100.0 7,804.8 6,707.6 Shareholders’ Equity Share capital Preferred securities (Note 6) 340.4 341.1 Preferred shares (Note 7) 125.0 125.0 Common shares (Note 7) 1,852.6 1,677.2 Retained earnings 581.3 503.1 Foreign currency translation adjustment (7.7) (23.9) Reciprocal shareholding (Note 4) (128.2) (121.9) 2,763.4 2,500.6 Commitments and Contingencies (Note 15) 10,568.2 9,208.2 The accompanying notes to the consolidated financial statements are an integral part of these statements. Approved by the Board: Director (F.W. Fitzpatrick) Director (D.J. Taylor)