fa, Westshore Terminals Ltd. Balance Sheets As at December 31, 2002 and 2001 (expressed in thousands of dollars) 2002 2001 $ $ Assets Current assets Cash and cash equivalents 4,293 12,202 Accounts receivable (note 7) 10,432 8,915 Inventories 5,736 5,613 Prepaid expenses 2,333 2,328 Income taxes receivable 1,873 - 24,667 29,058 Plant and equipment At cost 265,465 264,787 Accumulated depreciation (178,240) (168,052) 87,225 96,735 Employee future benefits (note 8) 1,061 552 112,953 126,345 Liabilities Current liabilities Accounts payable and accrued liabilities (note 7) 15,249 28,397 Income taxes payable - 1,025 15,249 29,422 Notes payable (note 3) 470,000 470,000 Future income taxes (note 5) 18,875 18,925 504,124 518,347 Shareholder’s Deficiency Share capital (note 4) 177,964 177,964 Deficit (569,135) (569,966) (391,171) (392,002) 112,953 126,345 Commitments and contingencies (note 10) Subsequent events (note 11) APPROVED BY THE DIRECTORS: 18 Kirk Henderson Director M. Dallas H. Ross Director