30 Caribbean Utilities Company, Ltd.  2011  Annual Report Financial Statements Balance Sheets Approved on behalf of the Board of directors by: See accompanying Notes to Financial Statements J.F. Richard Hew Director David E. Ritch, OBE, JP  Director  As at As at December 31, 2011 December 31, 2010 Note $ $ Assets Current Assets Cash and cash equivalents  424 2,363  Accounts receivable  4  15,943 11,917 Other receivable - Insurance  5 438 2,188 Regulatory assets  6 25,759 21,683 Inventories  7 3,807 3,074 Prepayments  2,636 2,462 49,007 43,687 Property, plant and equipment 8 369,832 352,509 Other assets 162 173 Intangible assets  9 2,819 2,595 Total Assets 421,820 398,964 Liabilities and Shareholders’ Equity  Current Liabilities Bank overdraft  10 1,059 - Accounts payable and accrued expenses  31,640 24,985 Regulatory liabilities  6  281  670 Short-term debt  10 6,000 17,000 Current portion of long-term debt  11 15,500 15,500  Consumers’ deposits and advances for construction  4,357 4,178 58,837 62,333 Long-term debt 11 186,948 162,790 Total Liabilities 245,785 225,123 Shareholders’ Equity Share capital  13 1,954 1,944  Share premium  13 76,839 75,355  Contributed surplus  14  415 372  Retained earnings  96,827 96,170 Total Shareholders’ Equity 176,035 173,841 Total Liabilities and Shareholders’ Equity 421,820 398,964 (Expressed in thousands of United States dollars)