BRITISH COLUMBIA HYDRO AND POWER AUTHORITY

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2016 AND 2015
British Columbia Hydro and Power Authority
The following table sets out the carrying amounts of recognized financial instruments that are subject to the
above agreements:
2016
Gross Derivative
Instruments
Related
Presented in Instruments
Statement of That Are
(in millions)
Financial Position Not Offset Net Amount
Derivative commodity assets $ 165 $ 5 $ 160
Derivative commodity liabilities 124 5 119
2015
Gross Derivative
(in millions)
Instruments
Presented in
Statement of
Financial Position
Related
Instruments
That Are
Not Offset Net Amount
Derivative commodity assets $ 165 $ 1 $ 164
Derivative commodity liabilities 115 1 114
With respect to these financial assets, the Company assigns credit limits for counterparties based on
evaluations of their financial condition, net worth, regulatory environment, cost recovery mechanisms,
credit ratings, and other credit criteria as deemed appropriate. Credit limits and credit quality are monitored
periodically and a detailed credit analysis is performed at least annually. Further, the Company has tied a
portion of its contracts to master agreements that require security in the form of cash or letters of credit if
current net receivables and replacement cost exposure exceed contractually specified limits.
The following table outlines the distribution, by credit rating, of financial assets associated with our trading
activities that are neither past due nor impaired:
Investment Grade Unrated Non-Investment Grade Total
As at March 31, 2016 % % % %
Accounts receivable 92 2 6 100
Assets from trading activities 100 0 0 100
Investment Grade Unrated Non-Investment Grade Total
As at March 31, 2015 % % % %
Accounts receivable 86 1 13 100
Assets from trading activities 100 0 0 100