BRITISH COLUMBIA HYDRO AND POWER AUTHORITY

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FINANCIAL INFORMATION ACT RETURN FOR THE YEAR ENDED MARCH 31, 2016 TABLE OF CONTENTS A. Audited Consolidated Financial Statements F2016 B. British Columbia Hydro and Power Authority and its subsidiary Powerex Corp. Schedule of Remuneration and Expenses – Board of Directors C. British Columbia Hydro and Power Authority Schedule of Remuneration and Expenses – General Schedule of Remuneration and Expenses – Employees Schedule of Payments to Suppliers for Goods and Services Statement of Grants and Contributions D. Columbia Hydro Constructors Ltd. Schedule of Remuneration and Expenses – General Schedule of Remuneration and Expenses – Employees Schedule of Payments to Suppliers for Goods and Services E. Powerex Corp. Schedule of Remuneration and Expenses – General Schedule of Remuneration and Expenses – Employees Schedule of Payments to Suppliers for Goods and Services F. Powertech Labs Inc. Schedule of Remuneration and Expenses – General Schedule of Remuneration and Expenses – Employees Schedule of Payments to Suppliers for Goods and Services
British Columbia Hydro and Power Authority MANAGEMENT REPORT The consolidated financial statements of British Columbia Hydro and Power Authority (BC Hydro) are the responsibility of management and have been prepared in accordance with the financial reporting provisions prescribed by the Province of British Columbia pursuant to Section 23.1 of the Budget Transparency and Accountability Act and Section 9.1 of the Financial Administration Act (see Note 2(a)). The preparation of financial statements necessarily involves the use of estimates which have been made using careful judgment. In management’s opinion, the consolidated financial statements have been properly prepared within the framework of the accounting policies summarized in the consolidated financial statements and incorporate, within reasonable limits of materiality, all information available at June 1, 2016. The consolidated financial statements have also been reviewed by the Audit & Finance Committee and approved by the Board of Directors. Financial information presented elsewhere in this Annual Service Plan Report is consistent with that in the consolidated financial statements. Management maintains systems of internal controls designed to provide reasonable assurance that assets are safeguarded and that reliable financial information is available on a timely basis. These systems include formal written policies and procedures, careful selection and training of qualified personnel and appropriate delegation of authority and segregation of responsibilities within the organization. An internal audit function independently evaluates the effectiveness of these internal controls on an ongoing basis and reports its findings to management and the Audit & Finance Committee. The consolidated financial statements have been examined by independent external auditors. The external auditors’ responsibility is to express their opinion on whether the consolidated financial statements, in all material respects, fairly present BC Hydro’s financial position, comprehensive income and cash flows in accordance with financial reporting provisions prescribed by the Province of British Columbia pursuant to Section 23.1 of the Budget Transparency and Accountability Act and Section 9.1 of the Financial Administration Act (see Note 2(a)). The Auditors’ Report, which follows, outlines the scope of their examination and their opinion. The Board of Directors, through the Audit & Finance Committee, is responsible for ensuring that management fulfills its responsibility for financial reporting and internal controls. The Audit & Finance Committee, comprised of directors who are not employees, meets regularly with the external auditors, the internal auditors and management to satisfy itself that each group has properly discharged its responsibility to review the financial statements before recommending approval by the Board of Directors. The Audit & Finance Committee also recommends the appointment of external auditors to the Board of Directors. The internal and external auditors have full and open access to the Audit & Finance Committee, with and without the presence of management. Jessica McDonald President and Chief Executive Officer Cheryl Yaremko Executive Vice-President, Finance & Supply Chain and Chief Financial Officer Vancouver, Canada June 1, 2016
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NOTES TO THE CONSOLIDATED FINANCIAL
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NAME POSITION MEETINGS ATTENDED 1 R
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BRITISH COLUMBIA HYDRO AND POWER AU
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Report ID: FI307 Accenture Inc. Acc
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COLUMBIA HYDRO CONSTRUCTORS LTD. Re
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Report ID: FI307 Workers' Compensat
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POWEREX CORP. Report ID: FI308 Sche
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POWEREX CORP. Report ID: FI308 Sche
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POWEREX CORP. Report ID: FI307 1672
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POWEREX CORP. Report ID: FI307 Prog
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POWERTECH LABS INC. SCHEDULE OF REM
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POWERTECH LABS INC. Report ID: FI30
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POWERTECH LABS INC. Report ID: FI30
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NOTE A reconciliation of amounts re
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BRITISH COLUMBIA HYDRO AND POWER AUTHORITY

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