For the years ended December 31, 2007 and 2006
($Cdn thousands except per share amounts and as noted)
| 2007 | 2006 | |||
| BPLP [note 20] | ||||
Capital lease receivable from Bruce A L.P. |
$ | 97,328 | $ | 97,518 |
Derivatives [note 27] |
75,788 | – | ||
Receivable from Ontario Power Generation (OPG) |
2,907 | 11,281 | ||
Accrued pension benefit asset [note 22] |
5,864 | 11,992 | ||
| Kumtor Gold Company (KGC) | ||||
Reclamation trust fund |
4,795 | 6,999 | ||
| Equity accounted investments | ||||
UNOR Inc. (market value $5,527) |
7,790 | 8,893 | ||
UEX Corporation (market value $258,223) |
14,153 | 19,151 | ||
Huron Wind (privately held) |
2,174 | 2,340 | ||
Minergia S.A.C. (privately held) |
683 | – | ||
| Available-for-sale securities | ||||
Western Uranium Corporation |
13,351 | – | ||
Cue Capital Corp. |
6,751 | – | ||
| Derivatives [note 27] | 168,641 | 433 | ||
| Deferred charges | ||||
Cost of sales [notes 10] |
54,943 | 75,854 | ||
Debt issue costs [note 3(a)] |
– | 7,372 | ||
Gold hedges |
– | 593 | ||
| Advances receivable | 57,739 | 46,094 | ||
| Asset-backed commercial paper in default | 8,000 | – | ||
| Accrued pension benefit asset [note 22] | 5,874 | 7,889 | ||
| Other | 24,687 | 6,483 | ||
| 551,468 | 302,892 | |||
| Less current portion | (164,164) | (9,178) | ||
| Net | $ | 387,304 | $ | 293,714 |
BPLP leases the Bruce A nuclear generating plants and other property, plant and equipment to Bruce A L.P. under a sublease agreement. Future minimum base rent sublease payments under the capital lease receivable are imputed using a 7.5% discount rate.
The advances receivable bear interest at an effective rate of 11% with no fixed repayment terms.