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Related party transactions are in the normal course of operations and are measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties. The significant related party inter-segment transactions primarily related to: (i) electricity sales from Newfoundland Power to Fortis Properties; and (ii) finance charges on related party borrowings. The significant related party inter-segment transactions for the three months ended March 31, 2013 and 2012 were as follows:
Significant Inter-Segment Transactions Quarter Ended March 31($ millions) 2013 2012----------------------------------------------------------------------------Sales from Newfoundland Power to Fortis Properties 2 2Inter-segment finance charges on lending from: Corporate to Regulated Electric Utilities - Caribbean 1 1 Corporate to Fortis Properties 5 4--------------------------------------------------------------------------------------------------------------------------------------------------------The significant inter-segment asset balances were as follows: As at March 31($ millions) 2013 2012----------------------------------------------------------------------------Inter-segment lending from: Fortis Generation to Other Canadian Electric Utilities 20 20 Corporate to Regulated Electric Utilities - Caribbean 86 76 Corporate to Fortis Generation 6 20 Corporate to Fortis Properties 319 257Other inter-segment assets 29 26----------------------------------------------------------------------------Total inter-segment eliminations 460 399--------------------------------------------------------------------------------------------------------------------------------------------------------
15. SUPPLEMENTARY INFORMATION TO CONSOLIDATED STATEMENTS OF CASH FLOWS
Quarter Ended March 31($ millions) 2013 2012----------------------------------------------------------------------------Change in non-cash operating working capital:Accounts receivable (79) (59)Prepaid expenses 3 2Regulatory assets - current portion 34 43Inventories 55 58Accounts payable and other current liabilities (30) 9Regulatory liabilities - current portion 35 26---------------------------------------------------------------------------- 18 79--------------------------------------------------------------------------------------------------------------------------------------------------------Non-cash investing and financing activities:Common share dividends reinvested 19 13Additions to utility capital assets, income producing properties and intangible assets included in current liabilities 70 105Contributions in aid of construction included in current assets 20 11--------------------------------------------------------------------------------------------------------------------------------------------------------
