For the years ended December 31
($ millions) |
2007 |
2006 |
| Retained earnings |
|
|
| Balance, beginning of year, as previously reported |
$ |
1,692 |
$ |
1,370 |
| Transition adjustment on adoption of Financial Instruments standards (Note 3) |
(1) |
– |
| Balance, beginning of year, adjusted |
1,691 |
1,370 |
| Net income |
743 |
834 |
| Unitholder distributions (Note 18) |
(791) |
(512) |
| Balance, end of year |
1,643 |
1,692 |
| Accumulated other comprehensive income |
|
|
| Balance, beginning of year |
– |
– |
| Transition adjustment on adoption of Financial Instruments standards,net of income taxes (Note 3) |
30 |
– |
| Other comprehensive loss, net of income taxes |
(6) |
– |
| Balance, end of year |
24 |
– |
| Unitholders' capital |
|
|
| Balance, beginning of year |
2,260 |
2,010 |
| Issuance of Trust Units (Note 15(a)) |
240 |
250 |
| Balance, end of year |
2,500 |
2,260 |
| Contributed surplus |
|
|
| Balance, beginning of year |
4 |
3 |
| Stock-based compensation (Note 16(a)) |
1 |
1 |
| Balance, end of year |
5 |
4 |
| Total Unitholders' equity |
$ |
4,172 |
$ |
3,956 |
