CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (In thousands of Canadian dollars) See accompanying explanatory notes to the consolidated financial statements. On behalf of the Board: Geoffrey T. Martin Director Donald G. Lang Director CCL Industries Inc. 2011 Annual Report 43 As at December 31 2011 As at December 31 2010 As at January 1 2010 Assets Current assets Cash and cash equivalents (note 8) $ 140,698 $ 173,197 $ 150,594 Trade and other receivables (note 9) 192,003 174,011 166,499 Inventories (note 10) 86,932 77,863 75,530 Prepaid expenses 5,304 5,983 5,656 Income taxes recoverable 802 3,141 — Derivative instruments (note 26) 820 6,641 5,550 Total current assets 426,559 440,836 403,829 Property, plant and equipment (note 12) 688,099 704,403 744,707 Goodwill (notes 13,14) 355,788 350,527 358,794 Deferred tax assets (note 17) 54,152 54,956 51,799 Equity accounted investments (note 11) 38,464 19,754 19,449 Intangible assets (note 13) 34,853 38,053 45,192 Other assets (note 15) 15,566 18,604 24,289 Derivative instruments (note 26) — 841 531 Total non-current assets 1,186,922 1,187,138 1,244,761 Total assets $ 1,613,481 $ 1,627,974 $ 1,648,590 Liabilities Current liabilities Bank advances (note 20) $ — $ 497 $ — Trade and other payables (note 16) 233,963 230,341 215,200 Current portion of long-term debt (note 20) 19,750 75,628 44,973 Income taxes payable — — 6,332 Derivative instruments (note 26) 2,530 11,519 4,228 Total current liabilities 256,243 317,985 270,733 Long-term debt (note 20) 334,218 345,774 435,168 Deferred tax liabilities (note 17) 118,827 119,076 117,469 Employee benefits (note 22) 77,806 66,219 65,479 Provisions and other long-term liabilities 9,507 8,617 12,010 Derivative instruments (note 26) — 976 12,504 Total non-current liabilities 540,358 540,662 642,630 Total liabilities 796,601 858,647 913,363 Equity Share capital (note 18) 218,663 208,666 201,339 Contributed surplus 9,421 7,688 4,676 Retained earnings 629,469 572,789 525,316 Accumulated other comprehensive income (loss) (note 29) (40,673) (19,816) 3,896 Total equity attributable to shareholders of the Company 816,880 769,327 735,227 Total liabilities and equity $ 1,613,481 $ 1,627,974 $ 1,648,590