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Consolidated Statements of Unitholders' Equity

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For the years ended December 31, 2006 and 2005
(in thousands of Canadian dollars)
 
Unitholders'
Capital
(Note 13)


Warrants		 Equity
Component of
Exchangeble
Debentures

Restricted
Units

Contributed
Surplus


Deficit


Total
Balance, December 31, 2004 $3,720,446 $- $- $(1,257) $568 $(208,086) $3,511,671
Issuance of units 1,661,538 - - - - - 1,661,538
Restricted units (Note 17) - - - (1,362) 779 - (583)
Distributions (Note 14) - - - - - (419,227) (419,227)
Obligations under stock
   options granted (Note 17)
-
-
-
-
412
-
412
Net earnings for the year - - - - - 241,833 241,833
Balance, December 31, 2005 5,381,984 - - (2,619) 1,759 (385,480) 4,995,644
Issuance of units 923,866 - - - - - 923,866
Restricted units (Note 17) - - - (16,568) 5,344 - (11,224)
Warrants (Note 13) - 6,250 - - - - 6,250
Option on Exchangeable
   Debentures (Note 11)
-
-
12,542
-
-
-
12,542
Distributions (Note 14) - - - - - (527,879) (527,879)
Obligations under stock
   options granted (Note 17)
-
-
-
-
412
-
412
Net earnings for the year - - - - - 431,933 431,933
Balance, December 31, 2006 $6,305,850 $6,250 $12,542 $(19,187) $7,515 $(481,426) $5,831,544

The accompanying notes are an integral part of these consolidated financial statements.