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CONSOLIDATED STATEMENTS OF UNITHOLDERS' EQUITY
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| For the years ended December 31, 2005 and 2004 |
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| (IN THOUSANDS OF CANADIAN DOLLARS) |
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Unitholders'
Capital
(Note 12) |
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Stock Based
Compensation |
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Accumulated
Earnings |
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Distributions |
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Total |
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| Balance, December 31, 2003, as previously reported |
$2,464,600 |
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$ |
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$3,161 |
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$(45,280 |
) |
$2,422,481 |
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Cumulative effect of adopting new accounting policy (Note 17)
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17 |
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(17 |
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| Balance, December 31, 2003, as restated |
2,464,600 |
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17 |
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3,144 |
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(45,280 |
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2,422,481 |
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| Issuance of units (Note 12) |
1,254,986 |
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1,254,986 |
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| Restricted units (Note 17) |
(1,257 |
) |
139 |
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(1,118 |
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| Employee unit purchase loans reimbursed |
860 |
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860 |
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| Distributions (Note 13) |
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(272,939 |
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(272,939 |
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| Obligations under stock options granted (Note 17) |
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412 |
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412 |
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| Net earnings for the year |
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106, 989 |
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106,989 |
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| Balance, December 31, 2004 |
3,719,189 |
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568 |
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110,133 |
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(318,219 |
) |
3,511,671 |
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| Issuance of units (Note 12) |
1,661,538 |
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1,661,538 |
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| Restricted units (Note 17) |
(1,362 |
) |
779 |
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(583 |
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| Distributions (Note 13) |
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(419,227 |
) |
(419,227 |
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| Obligations under stock options granted (Note 17) |
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412 |
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412 |
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| Net earnings for the year |
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241,833 |
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241,833 |
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| Balance, December 31, 2005 |
$5,379,365 |
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$1,759 |
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$351,966 |
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$(737,446 |
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$4,995,644 |
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