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All financial and non-financial derivatives are designated as fair value through net earnings or loss upon their initial recognition.
---------------------------------------------------------------------------- Current Long-term Current Long-termDescription Assets Assets Liabilities Liabilities----------------------------------------------------------------------------Natural gas financial swaps - NYMEX and AECO - - 27.6 14.6Energy Services electricity swaps - - 6.0 4.3Foreign currency forward contracts, net sale 10.3 4.2 - 3.8Foreign currency forward contracts, balance sheet- related 0.1 0.2 - 0.1Interest rate swaps 2.5 6.9 - -LTIP Hedge 0.5 - - -Debenture-embedded derivative - - - 19.8Energy Services propane wholesale purchase and sale contracts 2.8 - 1.7 -Energy Services propane purchase and sale contracts - - 0.4 -Energy Services butane wholesale purchase and sale contracts 0.1 - 0.3 -Energy Services heating oil purchase and sale contracts 0.3 - 0.5 -Specialty Chemicals fixed- price electricity purchase agreement - 1.6 - -----------------------------------------------------------------------------As at December 31, 2012 16.6 12.9 36.5 42.6As at December 31, 2011 13.3 16.0 61.7 47.6------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ For the three months For the three months ended ended December 31, 2012 December 31, 2011 Realized Unrealized Realized UnrealizedDescription gain (loss) gain (loss) gain (loss) gain (loss)----------------------------------------------------------------------------Natural gas financial swaps - NYMEX and AECO (9.3) 1.3 (13.6) (13.0)Energy Services electricity swaps (2.3) 1.4 (2.4) (4.2)Foreign currency forward contracts, net sale 3.4 (6.8) 0.5 47.3Foreign currency forward contracts, balance sheet- related (0.3) (0.7) (0.2) (29.7)Interest rate swaps 1.3 (1.6) 1.3 -LTIP Hedge - 0.5 - -Energy Services propane wholesale purchase and sale contracts - 0.1 - -Energy Services propane purchase and sale contracts - 0.1 - -Energy Services butane wholesale purchase and sale contracts - (0.9) - (3.1)Energy Services heating oil purchase and sale contracts (0.3) (0.2) 2.8 (0.9)Energy Services diesel purchase and sale contracts - (0.1) - -Specialty Chemicals fixed- price power purchase agreements (0.2) 1.6 (0.9) -----------------------------------------------------------------------------Total (losses) gains on financial and non-financial derivatives (7.7) (5.3) (12.5) (3.6)--------------------------------------------------------------------------------------------------------------------------------------------------------Foreign currency translation of senior secured notes - (2.4) - 4.1Change in fair value of debenture embedded derivative - (6.4) - (0.2)----------------------------------------------------------------------------Total (losses) gains (7.7) 14.1 (12.5) 0.3-------------------------------------------------------------------------------------------------------------------------------------------------------- For the twelve months For the twelve months ended ended December 31, 2012 December 31, 2011 Realized Unrealized Realized UnrealizedDescription gain (loss) gain (loss) gain (loss) gain (loss)----------------------------------------------------------------------------Natural gas financial swaps - NYMEX and AECO (53.6) 36.7 (63.9) 19.4Energy Services electricity swaps (11.6) 5.7 (7.3) (3.1)Foreign currency forward contracts, net sale 10.1 7.2 15.7 (27.0)Foreign currency forward contracts, balance sheet- related (0.3) (2.0) (0.2) -Interest rate swaps 2.5 (1.5) 2.5 9.3LTIP Hedge - 0.5 - -Energy Services propane wholesale purchase and sale contracts - 1.7 - -Energy Services propane purchase and sale contracts - (0.4) - -Energy Services butane wholesale purchase and sale contracts - (0.4) - -Energy Services heating oil purchase and sale contracts (5.9) 0.5 1.7 (1.7)Specialty Chemicals fixed- price power purchase agreements (2.0) 1.6 (3.4) (5.4)----------------------------------------------------------------------------Total (losses) gains on financial and non-financial derivatives (60.8) 49.6 (54.9) (8.5)--------------------------------------------------------------------------------------------------------------------------------------------------------Foreign currency translation of senior secured notes - 1.7 - (2.8)Change in fair value of debenture-embedded derivative - (19.2) - 1.6----------------------------------------------------------------------------Total (losses) gains (60.8) 32.1 (54.9) (9.7)----------------------------------------------------------------------------
