Offer to purchase CLEARNET.pdf - About TELUS

TELUS CORPORATION
(FORMERLY BCT.TELUS COMMUNICATIONS INC.)
CONSOLIDATED BALANCE SHEET
As At December 31
1999 1998
(millions)
Assets
Current Assets
Cash and temporary investments ......................................... $ — $ 81.4
Accounts receivable (Note 7) ............................................ 629.1 659.7
Income taxes receivable ................................................ 69.0 34.4
Inventories ......................................................... 56.3 46.1
Current portion of future income taxes ..................................... 266.0 147.9
Current portion of sinking fund assets ( Note 10) .............................. 105.4 32.8
Prepaid expenses and other ............................................. 120.5 147.7
1,246.3 1,150.0
Property, plant and equipment, net (Note 8) ...................................
Other Assets
5,873.4 5,827.6
Deferred charges (Note 9) .............................................. 117.1 121.8
Future income taxes .................................................. 420.8 528.8
Sinking fund assets (Note 10) ............................................ — 92.8
Investments ........................................................ 4.7 5.1
Leases receivable .................................................... 66.3 24.5
Goodwill (Note 1(g)) ................................................. 64.8 68.0
Other ............................................................ 17.7 41.9
691.4 882.9
Liabilities and Shareholders’ Equity
Current Liabilities
$7,811.1 $7,860.5
Bank indebtedness ................................................... $ 32.3 $ —
Accounts payable and accrued liabilities .................................... 929.8 709.2
Dividends payable .................................................... 83.6 77.4
Advance billings and customer deposits ..................................... 175.6 169.7
Short-term obligations (Note 12) ......................................... 573.2 781.9
1,794.5 1,738.2
Long-term debt (Note 13) ................................................ 1,555.5 1,608.7
Other long-term liabilities ................................................ 141.0 161.0
Non-controlling interest .................................................
Shareholders’ equity (Note 14)
12.4 9.6
Common equity ..................................................... 4,238.0 4,273.3
Preference and preferred shares .......................................... 69.7 69.7
4,307.7 4,343.0
$7,811.1 $7,860.5
Commitments (Note 15)
Approved by the Directors:
(Signed) BRIAN A. CANFIELD (Signed) HAROLD P. MILAVSKY
Director Director
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