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rg BT 271.06 680.80 Td (REPORTING) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 659.20 Td (The ) Tj ET Q q 0 0 0 rg BT 77.02 659.20 Td (President ) Tj ET Q q 0 0 0 rg BT 117.56 659.20 Td (and ) Tj ET Q q 0 0 0 rg BT 135.08 659.20 Td (Chief ) Tj ET Q q 0 0 0 rg BT 158.61 659.20 Td (Executive ) Tj ET Q q 0 0 0 rg BT 200.14 659.20 Td (Of) Tj ET Q q 0 0 0 rg BT 209.48 659.20 Td (ficer ) Tj ET Q q 0 0 0 rg BT 228.99 659.20 Td (and ) Tj ET Q q 0 0 0 rg BT 246.52 659.20 Td (the ) Tj ET Q q 0 0 0 rg BT 261.54 659.20 Td (Chief ) Tj ET Q q 0 0 0 rg BT 285.07 659.20 Td (Financial ) Tj ET Q q 0 0 0 rg BT 323.60 659.20 Td (Of) Tj ET Q q 0 0 0 rg BT 332.94 659.20 Td (ficer ) Tj ET Q q 0 0 0 rg BT 352.45 659.20 Td (and ) Tj ET Q q 0 0 0 rg BT 369.98 659.20 Td (Senior ) Tj ET Q q 0 0 0 rg BT 398.51 659.20 Td (V) Tj ET Q q 0 0 0 rg BT 404.35 659.20 Td (ice ) Tj ET Q q 0 0 0 rg BT 418.37 659.20 Td (President ) Tj ET Q q 0 0 0 rg BT 458.90 659.20 Td (of ) Tj ET Q q 0 0 0 rg BT 468.92 659.20 Td (the ) Tj ET Q q 0 0 0 rg BT 483.94 659.20 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 533.48 659.20 Td (have ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 648.40 Td (designed, ) Tj ET Q q 0 0 0 rg BT 100.53 648.40 Td (or ) Tj ET Q q 0 0 0 rg BT 111.04 648.40 Td (caused ) Tj ET Q q 0 0 0 rg BT 142.56 648.40 Td (to ) Tj ET Q q 0 0 0 rg BT 152.56 648.40 Td (be ) Tj ET Q q 0 0 0 rg BT 165.08 648.40 Td (designed, ) Tj ET Q q 0 0 0 rg BT 206.61 648.40 Td (under ) Tj ET Q q 0 0 0 rg BT 232.13 648.40 Td (their ) Tj ET Q q 0 0 0 rg BT 252.14 648.40 Td (supervision:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 626.80 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 626.80 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 139.54 626.80 Td (controls ) Tj ET Q q 0 0 0 rg BT 173.57 626.80 Td (and ) Tj ET Q q 0 0 0 rg BT 191.11 626.80 Td (procedures ) Tj ET Q q 0 0 0 rg BT 238.66 626.80 Td (\(DC&P\) ) Tj ET Q q 0 0 0 rg BT 278.18 626.80 Td (to ) Tj ET Q q 0 0 0 rg BT 288.21 626.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 320.25 626.80 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 367.31 626.80 Td (assurance ) Tj ET Q q 0 0 0 rg BT 411.36 626.80 Td (that: ) Tj ET Q q 0 0 0 rg BT 431.39 626.80 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 441.91 626.80 Td (material ) Tj ET Q q 0 0 0 rg BT 476.45 626.80 Td (information ) Tj ET Q q 0 0 0 rg BT 523.49 626.80 Td (relating ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 616.00 Td (to ) Tj ET Q q 0 0 0 rg BT 104.77 616.00 Td (the ) Tj ET Q q 0 0 0 rg BT 119.54 616.00 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 168.82 616.00 Td (is ) Tj ET Q q 0 0 0 rg BT 177.58 616.00 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 230.87 616.00 Td (and ) Tj ET Q q 0 0 0 rg BT 248.15 616.00 Td (communicated ) Tj ET Q q 0 0 0 rg BT 308.93 616.00 Td (by ) Tj ET Q q 0 0 0 rg BT 320.70 616.00 Td (others ) Tj ET Q q 0 0 0 rg BT 347.97 616.00 Td (to ) Tj ET Q q 0 0 0 rg BT 357.74 616.00 Td (the ) Tj ET Q q 0 0 0 rg BT 372.51 616.00 Td (President ) Tj ET Q q 0 0 0 rg BT 412.79 616.00 Td (and ) Tj ET Q q 0 0 0 rg BT 430.06 616.00 Td (Chief ) Tj ET Q q 0 0 0 rg BT 453.33 616.00 Td (Executive ) Tj ET Q q 0 0 0 rg BT 494.61 616.00 Td (Of) Tj ET Q q 0 0 0 rg BT 503.95 616.00 Td (ficer ) Tj ET Q q 0 0 0 rg BT 523.21 616.00 Td (and ) Tj ET Q q 0 0 0 rg BT 540.49 616.00 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 605.20 Td (Chief ) Tj ET Q q 0 0 0 rg BT 117.93 605.20 Td (Financial ) Tj ET Q q 0 0 0 rg BT 155.87 605.20 Td (Of) Tj ET Q q 0 0 0 rg BT 165.21 605.20 Td (ficer ) Tj ET Q q 0 0 0 rg BT 184.14 605.20 Td (and ) Tj ET Q q 0 0 0 rg BT 201.08 605.20 Td (Senior ) Tj ET Q q 0 0 0 rg BT 229.01 605.20 Td (V) Tj ET Q q 0 0 0 rg BT 234.85 605.20 Td (ice ) Tj ET Q q 0 0 0 rg BT 248.28 605.20 Td (President ) Tj ET Q q 0 0 0 rg BT 288.23 605.20 Td (in ) Tj ET Q q 0 0 0 rg BT 297.15 605.20 Td (a ) Tj ET Q q 0 0 0 rg BT 304.08 605.20 Td (timely ) Tj ET Q q 0 0 0 rg BT 329.51 605.20 Td (manner) Tj ET Q q 0 0 0 rg BT 359.53 605.20 Td (, ) Tj ET Q q 0 0 0 rg BT 363.95 605.20 Td (particularly ) Tj ET Q q 0 0 0 rg BT 409.39 605.20 Td (during ) Tj ET Q q 0 0 0 rg BT 436.33 605.20 Td (the ) Tj ET Q q 0 0 0 rg BT 450.76 605.20 Td (period ) Tj ET Q q 0 0 0 rg BT 477.70 605.20 Td (in ) Tj ET Q q 0 0 0 rg BT 486.63 605.20 Td (which ) Tj ET Q q 0 0 0 rg BT 511.56 605.20 Td (the ) Tj ET Q q 0 0 0 rg BT 526.00 605.20 Td (interim ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 594.40 Td (and ) Tj ET Q q 0 0 0 rg BT 111.98 594.40 Td (annual ) Tj ET Q q 0 0 0 rg BT 140.96 594.40 Td (filings ) Tj ET Q q 0 0 0 rg BT 165.93 594.40 Td (are ) Tj ET Q q 0 0 0 rg BT 180.90 594.40 Td (being ) Tj ET Q q 0 0 0 rg BT 204.88 594.40 Td (prepared; ) Tj ET Q q 0 0 0 rg BT 245.36 594.40 Td (and ) Tj ET Q q 0 0 0 rg BT 262.34 594.40 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 274.29 594.40 Td (the ) Tj ET Q q 0 0 0 rg BT 288.76 594.40 Td (information ) Tj ET Q q 0 0 0 rg BT 335.24 594.40 Td (required ) Tj ET Q q 0 0 0 rg BT 370.22 594.40 Td (to ) Tj ET Q q 0 0 0 rg BT 379.69 594.40 Td (be ) Tj ET Q q 0 0 0 rg BT 391.66 594.40 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 431.14 594.40 Td (by ) Tj ET Q q 0 0 0 rg BT 442.60 594.40 Td (the ) Tj ET Q q 0 0 0 rg BT 457.08 594.40 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 506.06 594.40 Td (in ) Tj ET Q q 0 0 0 rg BT 515.02 594.40 Td (its ) Tj ET Q q 0 0 0 rg BT 525.98 594.40 Td (annual ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 583.60 Td (filings, ) Tj ET Q q 0 0 0 rg BT 123.97 583.60 Td (interim ) Tj ET Q q 0 0 0 rg BT 154.42 583.60 Td (filings ) Tj ET Q q 0 0 0 rg BT 180.89 583.60 Td (and ) Tj ET Q q 0 0 0 rg BT 199.36 583.60 Td (other ) Tj ET Q q 0 0 0 rg BT 223.33 583.60 Td (reports ) Tj ET Q q 0 0 0 rg BT 254.80 583.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 274.76 583.60 Td (or ) Tj ET Q q 0 0 0 rg BT 286.22 583.60 Td (submitted ) Tj ET Q q 0 0 0 rg BT 328.69 583.60 Td (by ) Tj ET Q q 0 0 0 rg BT 341.65 583.60 Td (it ) Tj ET Q q 0 0 0 rg BT 349.61 583.60 Td (under ) Tj ET Q q 0 0 0 rg BT 376.08 583.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 420.07 583.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 461.54 583.60 Td (legislation ) Tj ET Q q 0 0 0 rg BT 505.02 583.60 Td (is ) Tj ET Q q 0 0 0 rg BT 514.97 583.60 Td (recorded, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 572.80 Td (processed, ) Tj ET Q q 0 0 0 rg BT 141.52 572.80 Td (summarized ) Tj ET Q q 0 0 0 rg BT 193.04 572.80 Td (and ) Tj ET Q q 0 0 0 rg BT 210.55 572.80 Td (reported ) Tj ET Q q 0 0 0 rg BT 246.58 572.80 Td (within ) Tj ET Q q 0 0 0 rg BT 272.09 572.80 Td (the ) Tj ET Q q 0 0 0 rg BT 287.10 572.80 Td (time ) Tj ET Q q 0 0 0 rg BT 306.60 572.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 338.62 572.80 Td (specified ) Tj ET Q q 0 0 0 rg BT 376.64 572.80 Td (in ) Tj ET Q q 0 0 0 rg BT 386.15 572.80 Td (securities ) Tj ET Q q 0 0 0 rg BT 426.66 572.80 Td (legislation. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 551.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 551.20 Td (Internal ) Tj ET Q q 0 0 0 rg BT 127.36 551.20 Td (control ) Tj ET Q q 0 0 0 rg BT 156.72 551.20 Td (over ) Tj ET Q q 0 0 0 rg BT 176.57 551.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 211.93 551.20 Td (reporting ) Tj ET Q q 0 0 0 rg BT 249.79 551.20 Td (\(ICFR\) ) Tj ET Q q 0 0 0 rg BT 285.12 551.20 Td (to ) Tj ET Q q 0 0 0 rg BT 294.97 551.20 Td (provide ) Tj ET Q q 0 0 0 rg BT 326.83 551.20 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 373.70 551.20 Td (assurance ) Tj ET Q q 0 0 0 rg BT 417.57 551.20 Td (regarding ) Tj ET Q q 0 0 0 rg BT 457.93 551.20 Td (the ) Tj ET Q q 0 0 0 rg BT 472.79 551.20 Td (reliability ) Tj ET Q q 0 0 0 rg BT 510.14 551.20 Td (of ) Tj ET Q q 0 0 0 rg BT 519.99 551.20 Td (financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 540.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 132.69 540.40 Td (and ) Tj ET Q q 0 0 0 rg BT 149.88 540.40 Td (the ) Tj ET Q q 0 0 0 rg BT 164.56 540.40 Td (preparation ) Tj ET Q q 0 0 0 rg BT 212.27 540.40 Td (of ) Tj ET Q q 0 0 0 rg BT 221.95 540.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 257.14 540.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 303.33 540.40 Td (for ) Tj ET Q q 0 0 0 rg BT 316.00 540.40 Td (external ) Tj ET Q q 0 0 0 rg BT 350.19 540.40 Td (purposes ) Tj ET Q q 0 0 0 rg BT 389.39 540.40 Td (in ) Tj ET Q q 0 0 0 rg BT 398.57 540.40 Td (accordance ) Tj ET Q q 0 0 0 rg BT 447.27 540.40 Td (with ) Tj ET Q q 0 0 0 rg BT 465.45 540.40 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 488.12 540.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 530.82 540.40 Td (to ) Tj ET Q q 0 0 0 rg BT 540.50 540.40 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 529.60 Td (Corporation. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 508.00 Td (In ) Tj ET Q q 0 0 0 rg BT 69.38 508.00 Td (accordance ) Tj ET Q q 0 0 0 rg BT 118.79 508.00 Td (with ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 137.67 508.00 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 183.58 508.00 Td (52-109 ) Tj ET Q q 0 0 0 rg BT 214.48 508.00 Td ( ) Tj ET Q q 0 0 0 rg BT 222.37 508.00 Td (Certification ) Tj ET Q q 0 0 0 rg BT 272.76 508.00 Td (of ) Tj ET Q q 0 0 0 rg BT 283.15 508.00 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 328.04 508.00 Td (in ) Tj ET Q q 0 0 0 rg BT 337.92 508.00 Td (Issuers' ) Tj ET Q q 0 0 0 rg BT 371.14 508.00 Td (Annual ) Tj ET Q q 0 0 0 rg BT 402.04 508.00 Td (and ) Tj ET Q q 0 0 0 rg BT 419.94 508.00 Td (Interim ) Tj ET Q q 0 0 0 rg BT 450.32 508.00 Td (Filings) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.33 508.00 Td (, ) Tj ET Q q 0 0 0 rg BT 481.70 508.00 Td (the ) Tj ET Q q 0 0 0 rg BT 497.09 508.00 Td (President ) Tj ET Q q 0 0 0 rg BT 537.99 508.00 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 497.20 Td (Chief ) Tj ET Q q 0 0 0 rg BT 82.61 497.20 Td (Executive ) Tj ET Q q 0 0 0 rg BT 124.22 497.20 Td (Of) Tj ET Q q 0 0 0 rg BT 133.56 497.20 Td (ficer ) Tj ET Q q 0 0 0 rg BT 153.16 497.20 Td (and ) Tj ET Q q 0 0 0 rg BT 170.77 497.20 Td (the ) Tj ET Q q 0 0 0 rg BT 185.88 497.20 Td (Chief ) Tj ET Q q 0 0 0 rg BT 209.49 497.20 Td (Financial ) Tj ET Q q 0 0 0 rg BT 248.11 497.20 Td (Of) Tj ET Q q 0 0 0 rg BT 257.44 497.20 Td (ficer ) Tj ET Q q 0 0 0 rg BT 277.04 497.20 Td (and ) Tj ET Q q 0 0 0 rg BT 294.66 497.20 Td (Senior ) Tj ET Q q 0 0 0 rg BT 323.27 497.20 Td (V) Tj ET Q q 0 0 0 rg BT 329.11 497.20 Td (ice ) Tj ET Q q 0 0 0 rg BT 343.21 497.20 Td (President ) Tj ET Q q 0 0 0 rg BT 383.83 497.20 Td (of ) Tj ET Q q 0 0 0 rg BT 393.93 497.20 Td (the ) Tj ET Q q 0 0 0 rg BT 409.04 497.20 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 458.67 497.20 Td (have ) Tj ET Q q 0 0 0 rg BT 480.78 497.20 Td (certified ) Tj ET Q q 0 0 0 rg BT 514.89 497.20 Td (that ) Tj ET Q q 0 0 0 rg BT 532.50 497.20 Td (there ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 486.40 Td (were ) Tj ET Q q 0 0 0 rg BT 81.56 486.40 Td (no ) Tj ET Q q 0 0 0 rg BT 94.62 486.40 Td (material ) Tj ET Q q 0 0 0 rg BT 129.68 486.40 Td (weaknesses ) Tj ET Q q 0 0 0 rg BT 182.25 486.40 Td (relating ) Tj ET Q q 0 0 0 rg BT 214.82 486.40 Td (to ) Tj ET Q q 0 0 0 rg BT 225.38 486.40 Td (the ) Tj ET Q q 0 0 0 rg BT 240.94 486.40 Td (DC&P) Tj ET Q q 0 0 0 rg BT 265.78 486.40 Td ( ) Tj ET Q q 0 0 0 rg BT 268.83 486.40 Td (and ) Tj ET Q q 0 0 0 rg BT 286.90 486.40 Td (ICFR ) Tj ET Q q 0 0 0 rg BT 310.94 486.40 Td (for ) Tj ET Q q 0 0 0 rg BT 324.50 486.40 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.06 486.40 Td (three-month) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 388.58 486.40 Td ( ) Tj ET Q q 0 0 0 rg BT 391.63 486.40 Td (period ) Tj ET Q q 0 0 0 rg BT 419.70 486.40 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.78 486.40 Td (June30, ) Tj ET Q q 0 0 0 rg BT 485.35 486.40 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 505.37 486.40 Td (. ) Tj ET Q q 0 0 0 rg BT 510.92 486.40 Td (During ) Tj ET Q q 0 0 0 rg BT 540.49 486.40 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 475.60 Td (three-month) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 107.52 475.60 Td ( ) Tj ET Q q 0 0 0 rg BT 109.65 475.60 Td (period ) Tj ET Q q 0 0 0 rg BT 136.79 475.60 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 163.95 475.60 Td (June30, ) Tj ET Q q 0 0 0 rg BT 200.60 475.60 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 220.62 475.60 Td (, ) Tj ET Q q 0 0 0 rg BT 225.25 475.60 Td (there ) Tj ET Q q 0 0 0 rg BT 247.89 475.60 Td (was ) Tj ET Q q 0 0 0 rg BT 266.02 475.60 Td (no ) Tj ET Q q 0 0 0 rg BT 278.15 475.60 Td (change ) Tj ET Q q 0 0 0 rg BT 309.80 475.60 Td (to ) Tj ET Q q 0 0 0 rg BT 319.44 475.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.07 475.60 Td (ICFR ) Tj ET Q q 0 0 0 rg BT 357.20 475.60 Td (that ) Tj ET Q q 0 0 0 rg BT 374.33 475.60 Td (has ) Tj ET Q q 0 0 0 rg BT 390.97 475.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 431.60 475.60 Td (af) Tj ET Q q 0 0 0 rg BT 438.95 475.60 Td (fected, ) Tj ET Q q 0 0 0 rg BT 468.09 475.60 Td (or ) Tj ET Q q 0 0 0 rg BT 478.22 475.60 Td (is ) Tj ET Q q 0 0 0 rg BT 486.84 475.60 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 533.00 475.60 Td (likely ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 464.80 Td (to ) Tj ET Q q 0 0 0 rg BT 69.01 464.80 Td (materially ) Tj ET Q q 0 0 0 rg BT 110.02 464.80 Td (af) Tj ET Q q 0 0 0 rg BT 117.36 464.80 Td (fect, ) Tj ET Q q 0 0 0 rg BT 136.87 464.80 Td (the ) Tj ET Q q 0 0 0 rg BT 151.88 464.80 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 207.62 464.80 Td (ICFR.) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 443.00 Td (FOR) Tj ET Q q 0.2 0 0.6 rg BT 82.02 443.00 Td (W) Tj ET Q q 0.2 0 0.6 rg BT 91.80 443.00 Td (ARD-LOOKING INFORMA) Tj ET Q q 0.2 0 0.6 rg BT 224.19 443.00 Td (TION) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 421.40 Td (In ) Tj ET Q q 0 0 0 rg BT 69.73 421.40 Td (order ) Tj ET Q q 0 0 0 rg BT 93.97 421.40 Td (to ) Tj ET Q q 0 0 0 rg BT 104.70 421.40 Td (inform ) Tj ET Q q 0 0 0 rg BT 132.93 421.40 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 188.18 421.40 Td (of ) Tj ET Q q 0 0 0 rg BT 198.91 421.40 Td (the ) Tj ET Q q 0 0 0 rg BT 214.65 421.40 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 264.90 421.40 Td (as ) Tj ET Q q 0 0 0 rg BT 277.63 421.40 Td (well ) Tj ET Q q 0 0 0 rg BT 296.36 421.40 Td (as ) Tj ET Q q 0 0 0 rg BT 309.09 421.40 Td (potential ) Tj ET Q q 0 0 0 rg BT 346.34 421.40 Td (investors ) Tj ET Q q 0 0 0 rg BT 385.58 421.40 Td (in ) Tj ET Q q 0 0 0 rg BT 395.81 421.40 Td (the ) Tj ET Q q 0 0 0 rg BT 411.54 421.40 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 468.01 421.40 Td (future ) Tj ET Q q 0 0 0 rg BT 494.25 421.40 Td (prospects, ) Tj ET Q q 0 0 0 rg BT 538.99 421.40 Td (this ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 410.60 Td (MD&A) Tj ET Q q 0 0 0 rg BT 84.51 410.60 Td ( ) Tj ET Q q 0 0 0 rg BT 86.82 410.60 Td (contains ) Tj ET Q q 0 0 0 rg BT 122.66 410.60 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 186.50 410.60 Td (information ) Tj ET Q q 0 0 0 rg BT 233.34 410.60 Td (within ) Tj ET Q q 0 0 0 rg BT 258.67 410.60 Td (the ) Tj ET Q q 0 0 0 rg BT 273.49 410.60 Td (meaning ) Tj ET Q q 0 0 0 rg BT 310.33 410.60 Td (of ) Tj ET Q q 0 0 0 rg BT 320.15 410.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 363.00 410.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 403.33 410.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 423.65 410.60 Td (\(Forward-Looking ) Tj ET Q q 0 0 0 rg BT 499.49 410.60 Td (Information\). ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 399.80 Td (All ) Tj ET Q q 0 0 0 rg BT 70.42 399.80 Td (information ) Tj ET Q q 0 0 0 rg BT 116.37 399.80 Td (and ) Tj ET Q q 0 0 0 rg BT 132.81 399.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 178.25 399.80 Td (other ) Tj ET Q q 0 0 0 rg BT 200.18 399.80 Td (than ) Tj ET Q q 0 0 0 rg BT 219.12 399.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 264.57 399.80 Td (of ) Tj ET Q q 0 0 0 rg BT 273.49 399.80 Td (historical ) Tj ET Q q 0 0 0 rg BT 310.43 399.80 Td (facts ) Tj ET Q q 0 0 0 rg BT 330.86 399.80 Td (contained ) Tj ET Q q 0 0 0 rg BT 371.31 399.80 Td (in ) Tj ET Q q 0 0 0 rg BT 379.74 399.80 Td (this ) Tj ET Q q 0 0 0 rg BT 395.17 399.80 Td (MD&A) Tj ET Q q 0 0 0 rg BT 420.67 399.80 Td ( ) Tj ET Q q 0 0 0 rg BT 422.10 399.80 Td (are ) Tj ET Q q 0 0 0 rg BT 436.53 399.80 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 505.48 399.80 Td (Information. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 389.00 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 129.39 389.00 Td (Information ) Tj ET Q q 0 0 0 rg BT 177.28 389.00 Td (can ) Tj ET Q q 0 0 0 rg BT 194.65 389.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 234.03 389.00 Td (be ) Tj ET Q q 0 0 0 rg BT 246.91 389.00 Td (identified ) Tj ET Q q 0 0 0 rg BT 285.79 389.00 Td (by ) Tj ET Q q 0 0 0 rg BT 298.16 389.00 Td (the ) Tj ET Q q 0 0 0 rg BT 313.53 389.00 Td (use ) Tj ET Q q 0 0 0 rg BT 330.91 389.00 Td (of ) Tj ET Q q 0 0 0 rg BT 341.27 389.00 Td (words ) Tj ET Q q 0 0 0 rg BT 368.14 389.00 Td (such ) Tj ET Q q 0 0 0 rg BT 390.02 389.00 Td (as ) Tj ET Q q 0 0 0 rg BT 402.38 389.00 Td (about, ) Tj ET Q q 0 0 0 rg BT 436.26 389.00 Td (approximately, ) Tj ET Q q 0 0 0 rg BT 503.64 389.00 Td (may, ) Tj ET Q q 0 0 0 rg BT 532.00 389.00 Td (will, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 378.20 Td ("could", ) Tj ET Q q 0 0 0 rg BT 92.17 378.20 Td (believes", ) Tj ET Q q 0 0 0 rg BT 136.64 378.20 Td (expects", ) Tj ET Q q 0 0 0 rg BT 179.11 378.20 Td (intends, ) Tj ET Q q 0 0 0 rg BT 219.38 378.20 Td ("should", ) Tj ET Q q 0 0 0 rg BT 257.55 378.20 Td (plans, ) Tj ET Q q 0 0 0 rg BT 290.32 378.20 Td ("predict", ) Tj ET Q q 0 0 0 rg BT 328.98 378.20 Td (potential, ) Tj ET Q q 0 0 0 rg BT 374.26 378.20 Td ("project", ) Tj ET Q q 0 0 0 rg BT 412.93 378.20 Td (anticipates, ) Tj ET Q q 0 0 0 rg BT 467.21 378.20 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 516.98 378.20 Td (budget, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 367.40 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 109.25 367.40 Td (or ) Tj ET Q q 0 0 0 rg BT 120.47 367.40 Td (forecasts, ) Tj ET Q q 0 0 0 rg BT 168.71 367.40 Td (or ) Tj ET Q q 0 0 0 rg BT 179.93 367.40 Td (similar ) Tj ET Q q 0 0 0 rg BT 209.15 367.40 Td (words ) Tj ET Q q 0 0 0 rg BT 236.38 367.40 Td (or ) Tj ET Q q 0 0 0 rg BT 247.61 367.40 Td (the ) Tj ET Q q 0 0 0 rg BT 263.34 367.40 Td (negative ) Tj ET Q q 0 0 0 rg BT 300.59 367.40 Td (thereof ) Tj ET Q q 0 0 0 rg BT 331.84 367.40 Td (or ) Tj ET Q q 0 0 0 rg BT 343.06 367.40 Td (other ) Tj ET Q q 0 0 0 rg BT 366.80 367.40 Td (comparable ) Tj ET Q q 0 0 0 rg BT 417.05 367.40 Td (terminology ) Tj ET Q q 0 0 0 rg BT 466.79 367.40 Td (that ) Tj ET Q q 0 0 0 rg BT 485.03 367.40 Td (state ) Tj ET Q q 0 0 0 rg BT 507.76 367.40 Td (that ) Tj ET Q q 0 0 0 rg BT 526.00 367.40 Td (certain ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 356.60 Td (events ) Tj ET Q q 0 0 0 rg BT 88.02 356.60 Td (will ) Tj ET Q q 0 0 0 rg BT 103.02 356.60 Td (or ) Tj ET Q q 0 0 0 rg BT 113.52 356.60 Td (will ) Tj ET Q q 0 0 0 rg BT 128.52 356.60 Td (not ) Tj ET Q q 0 0 0 rg BT 143.53 356.60 Td (occur) Tj ET Q q 0 0 0 rg BT 165.04 356.60 Td (. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 335.00 Td (The ) Tj ET Q q 0 0 0 rg BT 77.87 335.00 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 148.77 335.00 Td (Information ) Tj ET Q q 0 0 0 rg BT 197.16 335.00 Td (includes ) Tj ET Q q 0 0 0 rg BT 233.55 335.00 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 298.44 335.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 334.83 335.00 Td (information ) Tj ET Q q 0 0 0 rg BT 382.71 335.00 Td (or ) Tj ET Q q 0 0 0 rg BT 394.08 335.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 430.47 335.00 Td (outlook, ) Tj ET Q q 0 0 0 rg BT 465.36 335.00 Td (within ) Tj ET Q q 0 0 0 rg BT 491.73 335.00 Td (the ) Tj ET Q q 0 0 0 rg BT 507.61 335.00 Td (meaning ) Tj ET Q q 0 0 0 rg BT 545.50 335.00 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 324.20 Td (securities ) Tj ET Q q 0 0 0 rg BT 98.87 324.20 Td (laws, ) Tj ET Q q 0 0 0 rg BT 121.24 324.20 Td (such ) Tj ET Q q 0 0 0 rg BT 142.11 324.20 Td (as ) Tj ET Q q 0 0 0 rg BT 153.48 324.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 191.87 324.20 Td (production, ) Tj ET Q q 0 0 0 rg BT 238.26 324.20 Td (projected ) Tj ET Q q 0 0 0 rg BT 277.14 324.20 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 318.53 324.20 Td (project ) Tj ET Q q 0 0 0 rg BT 347.40 324.20 Td (costs, ) Tj ET Q q 0 0 0 rg BT 372.77 324.20 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 408.65 324.20 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 440.66 324.20 Td ( ) Tj ET Q q 0 0 0 rg BT 442.53 324.20 Td (or ) Tj ET Q q 0 0 0 rg BT 452.39 324.20 Td (results ) Tj ET Q q 0 0 0 rg BT 480.76 324.20 Td (to ) Tj ET Q q 0 0 0 rg BT 490.12 324.20 Td (inform ) Tj ET Q q 0 0 0 rg BT 516.99 324.20 Td (investors ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 313.40 Td (and ) Tj ET Q q 0 0 0 rg BT 76.59 313.40 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 131.19 313.40 Td (of ) Tj ET Q q 0 0 0 rg BT 141.27 313.40 Td (the ) Tj ET Q q 0 0 0 rg BT 156.36 313.40 Td (potential ) Tj ET Q q 0 0 0 rg BT 192.96 313.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 228.55 313.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 257.63 313.40 Td (of ) Tj ET Q q 0 0 0 rg BT 267.71 313.40 Td (development ) Tj ET Q q 0 0 0 rg BT 321.81 313.40 Td (projects ) Tj ET Q q 0 0 0 rg BT 355.90 313.40 Td (if ) Tj ET Q q 0 0 0 rg BT 362.97 313.40 Td (and ) Tj ET Q q 0 0 0 rg BT 380.56 313.40 Td (when ) Tj ET Q q 0 0 0 rg BT 404.65 313.40 Td (they ) Tj ET Q q 0 0 0 rg BT 424.23 313.40 Td (will ) Tj ET Q q 0 0 0 rg BT 439.31 313.40 Td (reach ) Tj ET Q q 0 0 0 rg BT 464.39 313.40 Td (commercial ) Tj ET Q q 0 0 0 rg BT 512.97 313.40 Td (operation, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 302.60 Td (recently ) Tj ET Q q 0 0 0 rg BT 93.01 302.60 Td (announced ) Tj ET Q q 0 0 0 rg BT 140.06 302.60 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 189.58 302.60 Td (or ) Tj ET Q q 0 0 0 rg BT 200.09 302.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 239.11 302.60 Td (results. ) Tj ET Q q 0 0 0 rg BT 270.62 302.60 Td (Such ) Tj ET Q q 0 0 0 rg BT 293.64 302.60 Td (information ) Tj ET Q q 0 0 0 rg BT 340.66 302.60 Td (may ) Tj ET Q q 0 0 0 rg BT 360.16 302.60 Td (not ) Tj ET Q q 0 0 0 rg BT 375.17 302.60 Td (be ) Tj ET Q q 0 0 0 rg BT 387.68 302.60 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 435.72 302.60 Td (for ) Tj ET Q q 0 0 0 rg BT 448.72 302.60 Td (other ) Tj ET Q q 0 0 0 rg BT 471.73 302.60 Td (purposes.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 197.00 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 695.45 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 129.35 695.45 Td (Information ) Tj ET Q q 0 0 0 rg BT 177.19 695.45 Td (represents, ) Tj ET Q q 0 0 0 rg BT 225.03 695.45 Td (as ) Tj ET Q q 0 0 0 rg BT 237.35 695.45 Td (of ) Tj ET Q q 0 0 0 rg BT 247.68 695.45 Td (the ) Tj ET Q q 0 0 0 rg BT 263.00 695.45 Td (date ) Tj ET Q q 0 0 0 rg BT 283.34 695.45 Td (of ) Tj ET Q q 0 0 0 rg BT 293.66 695.45 Td (this ) Tj ET Q q 0 0 0 rg BT 310.49 695.45 Td (MD&A, ) Tj ET Q q 0 0 0 rg BT 341.81 695.45 Td (the ) Tj ET Q q 0 0 0 rg BT 357.14 695.45 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 400.97 695.45 Td (forecasts, ) Tj ET Q q 0 0 0 rg BT 442.80 695.45 Td (projections, ) Tj ET Q q 0 0 0 rg BT 491.64 695.45 Td (expectations ) Tj ET Q q 0 0 0 rg BT 544.99 695.45 Td (or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 684.65 Td (opinions ) Tj ET Q q 0 0 0 rg BT 94.48 684.65 Td (of ) Tj ET Q q 0 0 0 rg BT 103.94 684.65 Td (the ) Tj ET Q q 0 0 0 rg BT 118.40 684.65 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 167.38 684.65 Td (relating ) Tj ET Q q 0 0 0 rg BT 198.85 684.65 Td (to ) Tj ET Q q 0 0 0 rg BT 208.31 684.65 Td (future ) Tj ET Q q 0 0 0 rg BT 233.28 684.65 Td (events ) Tj ET Q q 0 0 0 rg BT 261.75 684.65 Td (or ) Tj ET Q q 0 0 0 rg BT 271.71 684.65 Td (results. ) Tj ET Q q 0 0 0 rg BT 302.67 684.65 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 372.15 684.65 Td (Information ) Tj ET Q q 0 0 0 rg BT 419.13 684.65 Td (involve ) Tj ET Q q 0 0 0 rg BT 449.10 684.65 Td (known ) Tj ET Q q 0 0 0 rg BT 477.07 684.65 Td (and ) Tj ET Q q 0 0 0 rg BT 494.04 684.65 Td (unknown ) Tj ET Q q 0 0 0 rg BT 532.02 684.65 Td (risks, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 673.85 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 113.03 673.85 Td (and ) Tj ET Q q 0 0 0 rg BT 131.04 673.85 Td (other ) Tj ET Q q 0 0 0 rg BT 154.55 673.85 Td (important ) Tj ET Q q 0 0 0 rg BT 195.07 673.85 Td (factors ) Tj ET Q q 0 0 0 rg BT 225.07 673.85 Td (which ) Tj ET Q q 0 0 0 rg BT 251.08 673.85 Td (may ) Tj ET Q q 0 0 0 rg BT 271.08 673.85 Td (cause ) Tj ET Q q 0 0 0 rg BT 298.09 673.85 Td (the ) Tj ET Q q 0 0 0 rg BT 313.60 673.85 Td (actual ) Tj ET Q q 0 0 0 rg BT 340.62 673.85 Td (results ) Tj ET Q q 0 0 0 rg BT 370.12 673.85 Td (or ) Tj ET Q q 0 0 0 rg BT 381.12 673.85 Td (performance ) Tj ET Q q 0 0 0 rg BT 434.64 673.85 Td (to ) Tj ET Q q 0 0 0 rg BT 445.15 673.85 Td (be ) Tj ET Q q 0 0 0 rg BT 458.15 673.85 Td (materially ) Tj ET Q q 0 0 0 rg BT 499.66 673.85 Td (dif) Tj ET Q q 0 0 0 rg BT 509.00 673.85 Td (ferent ) Tj ET Q q 0 0 0 rg BT 535.02 673.85 Td (from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 663.05 Td (those ) Tj ET Q q 0 0 0 rg BT 82.67 663.05 Td (expressed, ) Tj ET Q q 0 0 0 rg BT 128.34 663.05 Td (implied ) Tj ET Q q 0 0 0 rg BT 158.50 663.05 Td (or ) Tj ET Q q 0 0 0 rg BT 168.15 663.05 Td (presented ) Tj ET Q q 0 0 0 rg BT 209.83 663.05 Td (by ) Tj ET Q q 0 0 0 rg BT 220.98 663.05 Td (the ) Tj ET Q q 0 0 0 rg BT 235.14 663.05 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 304.32 663.05 Td (Information. ) Tj ET Q q 0 0 0 rg BT 353.38 663.05 Td (The ) Tj ET Q q 0 0 0 rg BT 370.54 663.05 Td (material ) Tj ET Q q 0 0 0 rg BT 404.20 663.05 Td (risks ) Tj ET Q q 0 0 0 rg BT 424.34 663.05 Td (and ) Tj ET Q q 0 0 0 rg BT 441.01 663.05 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 493.69 663.05 Td (that ) Tj ET Q q 0 0 0 rg BT 510.35 663.05 Td (may ) Tj ET Q q 0 0 0 rg BT 529.00 663.05 Td (cause ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.17 652.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 100.85 652.25 Td (results ) Tj ET Q q 0 0 0 rg BT 130.02 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 147.70 652.25 Td (developments ) Tj ET Q q 0 0 0 rg BT 206.39 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 216.56 652.25 Td (be ) Tj ET Q q 0 0 0 rg BT 229.23 652.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 270.40 652.25 Td (dif) Tj ET Q q 0 0 0 rg BT 279.75 652.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 305.42 652.25 Td (from ) Tj ET Q q 0 0 0 rg BT 326.08 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.26 652.25 Td (current ) Tj ET Q q 0 0 0 rg BT 371.93 652.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 416.12 652.25 Td (expectations ) Tj ET Q q 0 0 0 rg BT 469.31 652.25 Td (are ) Tj ET Q q 0 0 0 rg BT 484.98 652.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 519.15 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 529.32 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 538.99 652.25 Td (this ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 641.45 Td (MD&A) Tj ET Q q 0 0 0 rg BT 84.51 641.45 Td ( ) Tj ET Q q 0 0 0 rg BT 86.68 641.45 Td (under ) Tj ET Q q 0 0 0 rg BT 111.87 641.45 Td (the ) Tj ET Q q 0 0 0 rg BT 126.55 641.45 Td (Risks ) Tj ET Q q 0 0 0 rg BT 153.72 641.45 Td (and ) Tj ET Q q 0 0 0 rg BT 170.90 641.45 Td (Uncertainties ) Tj ET Q q 0 0 0 rg BT 228.59 641.45 Td (heading ) Tj ET Q q 0 0 0 rg BT 262.80 641.45 Td (and ) Tj ET Q q 0 0 0 rg BT 279.98 641.45 Td (include ) Tj ET Q q 0 0 0 rg BT 310.67 641.45 Td (the ) Tj ET Q q 0 0 0 rg BT 325.36 641.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 350.54 641.45 Td (of ) Tj ET Q q 0 0 0 rg BT 360.21 641.45 Td (the ) Tj ET Q q 0 0 0 rg BT 374.90 641.45 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 424.09 641.45 Td (to ) Tj ET Q q 0 0 0 rg BT 433.77 641.45 Td (execute ) Tj ET Q q 0 0 0 rg BT 467.46 641.45 Td (its ) Tj ET Q q 0 0 0 rg BT 478.63 641.45 Td (strategy; ) Tj ET Q q 0 0 0 rg BT 515.32 641.45 Td (the ) Tj ET Q q 0 0 0 rg BT 530.00 641.45 Td (ability ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 630.65 Td (to ) Tj ET Q q 0 0 0 rg BT 69.88 630.65 Td (access ) Tj ET Q q 0 0 0 rg BT 101.27 630.65 Td (suf) Tj ET Q q 0 0 0 rg BT 113.11 630.65 Td (ficient ) Tj ET Q q 0 0 0 rg BT 139.99 630.65 Td (capital ) Tj ET Q q 0 0 0 rg BT 169.38 630.65 Td (resources; ) Tj ET Q q 0 0 0 rg BT 214.77 630.65 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 248.16 630.65 Td (risks ) Tj ET Q q 0 0 0 rg BT 270.04 630.65 Td (related ) Tj ET Q q 0 0 0 rg BT 300.93 630.65 Td (to ) Tj ET Q q 0 0 0 rg BT 311.81 630.65 Td (derivative ) Tj ET Q q 0 0 0 rg BT 353.70 630.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 390.10 630.65 Td (instruments; ) Tj ET Q q 0 0 0 rg BT 442.49 630.65 Td (changes ) Tj ET Q q 0 0 0 rg BT 479.89 630.65 Td (in ) Tj ET Q q 0 0 0 rg BT 490.27 630.65 Td (hydrology) Tj ET Q q 0 0 0 rg BT 528.62 630.65 Td (, ) Tj ET Q q 0 0 0 rg BT 534.50 630.65 Td (wind ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 619.85 Td (regime ) Tj ET Q q 0 0 0 rg BT 87.83 619.85 Td (and ) Tj ET Q q 0 0 0 rg BT 104.16 619.85 Td (solar ) Tj ET Q q 0 0 0 rg BT 124.99 619.85 Td (irradiation; ) Tj ET Q q 0 0 0 rg BT 168.33 619.85 Td (delays ) Tj ET Q q 0 0 0 rg BT 195.66 619.85 Td (and ) Tj ET Q q 0 0 0 rg BT 212.00 619.85 Td (cost ) Tj ET Q q 0 0 0 rg BT 229.82 619.85 Td (overruns ) Tj ET Q q 0 0 0 rg BT 266.16 619.85 Td (in ) Tj ET Q q 0 0 0 rg BT 274.48 619.85 Td (the ) Tj ET Q q 0 0 0 rg BT 288.31 619.85 Td (construction ) Tj ET Q q 0 0 0 rg BT 338.15 619.85 Td (and ) Tj ET Q q 0 0 0 rg BT 354.49 619.85 Td (design ) Tj ET Q q 0 0 0 rg BT 382.33 619.85 Td (of ) Tj ET Q q 0 0 0 rg BT 391.15 619.85 Td (projects; ) Tj ET Q q 0 0 0 rg BT 426.49 619.85 Td (health, ) Tj ET Q q 0 0 0 rg BT 454.83 619.85 Td (safety ) Tj ET Q q 0 0 0 rg BT 480.16 619.85 Td (and ) Tj ET Q q 0 0 0 rg BT 496.49 619.85 Td (environmental ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 609.05 Td (risks; ) Tj ET Q q 0 0 0 rg BT 82.04 609.05 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 128.12 609.05 Td (relating ) Tj ET Q q 0 0 0 rg BT 159.68 609.05 Td (to ) Tj ET Q q 0 0 0 rg BT 169.23 609.05 Td (development ) Tj ET Q q 0 0 0 rg BT 222.82 609.05 Td (of ) Tj ET Q q 0 0 0 rg BT 232.37 609.05 Td (new ) Tj ET Q q 0 0 0 rg BT 250.93 609.05 Td (facilities; ) Tj ET Q q 0 0 0 rg BT 287.49 609.05 Td (obtainment ) Tj ET Q q 0 0 0 rg BT 334.06 609.05 Td (of ) Tj ET Q q 0 0 0 rg BT 343.62 609.05 Td (permits; ) Tj ET Q q 0 0 0 rg BT 377.67 609.05 Td (variability ) Tj ET Q q 0 0 0 rg BT 417.23 609.05 Td (of ) Tj ET Q q 0 0 0 rg BT 426.78 609.05 Td (project ) Tj ET Q q 0 0 0 rg BT 455.84 609.05 Td (performance ) Tj ET Q q 0 0 0 rg BT 508.41 609.05 Td (and ) Tj ET Q q 0 0 0 rg BT 525.48 609.05 Td (related ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 598.25 Td (penalties; ) Tj ET Q q 0 0 0 rg BT 99.19 598.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 142.87 598.25 Td (failure; ) Tj ET Q q 0 0 0 rg BT 171.55 598.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 202.72 598.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 219.89 598.25 Td (fluctuation ) Tj ET Q q 0 0 0 rg BT 262.57 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 279.25 598.25 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 324.94 598.25 Td (risk; ) Tj ET Q q 0 0 0 rg BT 343.09 598.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 377.77 598.25 Td (leverage ) Tj ET Q q 0 0 0 rg BT 413.96 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 430.63 598.25 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 470.79 598.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 513.48 598.25 Td (governing ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 587.45 Td (current ) Tj ET Q q 0 0 0 rg BT 91.15 587.45 Td (and ) Tj ET Q q 0 0 0 rg BT 110.30 587.45 Td (future ) Tj ET Q q 0 0 0 rg BT 137.46 587.45 Td (indebtedness; ) Tj ET Q q 0 0 0 rg BT 197.64 587.45 Td (declaration ) Tj ET Q q 0 0 0 rg BT 245.81 587.45 Td (of ) Tj ET Q q 0 0 0 rg BT 257.45 587.45 Td (dividends ) Tj ET Q q 0 0 0 rg BT 299.62 587.45 Td (at ) Tj ET Q q 0 0 0 rg BT 311.26 587.45 Td (the ) Tj ET Q q 0 0 0 rg BT 327.91 587.45 Td (discretion ) Tj ET Q q 0 0 0 rg BT 370.57 587.45 Td (of ) Tj ET Q q 0 0 0 rg BT 382.21 587.45 Td (the ) Tj ET Q q 0 0 0 rg BT 398.86 587.45 Td (board; ) Tj ET Q q 0 0 0 rg BT 428.52 587.45 Td (securing ) Tj ET Q q 0 0 0 rg BT 466.68 587.45 Td (new ) Tj ET Q q 0 0 0 rg BT 487.32 587.45 Td (power ) Tj ET Q q 0 0 0 rg BT 515.98 587.45 Td (purchase ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 576.65 Td (agreements; ) Tj ET Q q 0 0 0 rg BT 112.65 576.65 Td (the ) Tj ET Q q 0 0 0 rg BT 128.79 576.65 Td (ability ) Tj ET Q q 0 0 0 rg BT 155.42 576.65 Td (to ) Tj ET Q q 0 0 0 rg BT 166.55 576.65 Td (retain ) Tj ET Q q 0 0 0 rg BT 192.69 576.65 Td (senior ) Tj ET Q q 0 0 0 rg BT 220.83 576.65 Td (management ) Tj ET Q q 0 0 0 rg BT 276.99 576.65 Td (and ) Tj ET Q q 0 0 0 rg BT 295.63 576.65 Td (key ) Tj ET Q q 0 0 0 rg BT 313.26 576.65 Td (employees; ) Tj ET Q q 0 0 0 rg BT 362.91 576.65 Td (litigation; ) Tj ET Q q 0 0 0 rg BT 402.05 576.65 Td (performance ) Tj ET Q q 0 0 0 rg BT 456.20 576.65 Td (of ) Tj ET Q q 0 0 0 rg BT 467.33 576.65 Td (major ) Tj ET Q q 0 0 0 rg BT 493.46 576.65 Td (counterparties; ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 565.85 Td (relationship ) Tj ET Q q 0 0 0 rg BT 107.44 565.85 Td (with ) Tj ET Q q 0 0 0 rg BT 125.86 565.85 Td (stakeholders; ) Tj ET Q q 0 0 0 rg BT 181.81 565.85 Td (equipment ) Tj ET Q q 0 0 0 rg BT 226.25 565.85 Td (supply; ) Tj ET Q q 0 0 0 rg BT 257.18 565.85 Td (changes ) Tj ET Q q 0 0 0 rg BT 293.63 565.85 Td (to ) Tj ET Q q 0 0 0 rg BT 303.55 565.85 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 345.98 565.85 Td (and ) Tj ET Q q 0 0 0 rg BT 363.41 565.85 Td (political ) Tj ET Q q 0 0 0 rg BT 395.84 565.85 Td (factors; ) Tj ET Q q 0 0 0 rg BT 427.77 565.85 Td (the ) Tj ET Q q 0 0 0 rg BT 442.69 565.85 Td (ability ) Tj ET Q q 0 0 0 rg BT 468.12 565.85 Td (to ) Tj ET Q q 0 0 0 rg BT 478.04 565.85 Td (secure ) Tj ET Q q 0 0 0 rg BT 507.47 565.85 Td (appropriate ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 555.05 Td (land; ) Tj ET Q q 0 0 0 rg BT 80.03 555.05 Td (reliance ) Tj ET Q q 0 0 0 rg BT 113.07 555.05 Td (on ) Tj ET Q q 0 0 0 rg BT 124.59 555.05 Td (power ) Tj ET Q q 0 0 0 rg BT 150.62 555.05 Td (purchase ) Tj ET Q q 0 0 0 rg BT 189.16 555.05 Td (agreements; ) Tj ET Q q 0 0 0 rg BT 240.71 555.05 Td (reliance ) Tj ET Q q 0 0 0 rg BT 273.74 555.05 Td (upon ) Tj ET Q q 0 0 0 rg BT 295.28 555.05 Td (transmission ) Tj ET Q q 0 0 0 rg BT 347.31 555.05 Td (systems; ) Tj ET Q q 0 0 0 rg BT 384.33 555.05 Td (water ) Tj ET Q q 0 0 0 rg BT 407.86 555.05 Td (and ) Tj ET Q q 0 0 0 rg BT 424.39 555.05 Td (land ) Tj ET Q q 0 0 0 rg BT 442.92 555.05 Td (rental ) Tj ET Q q 0 0 0 rg BT 466.95 555.05 Td (expense; ) Tj ET Q q 0 0 0 rg BT 505.00 555.05 Td (assessment ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 544.25 Td (of ) Tj ET Q q 0 0 0 rg BT 68.26 544.25 Td (water) Tj ET Q q 0 0 0 rg BT 89.77 544.25 Td (, ) Tj ET Q q 0 0 0 rg BT 94.02 544.25 Td (wind ) Tj ET Q q 0 0 0 rg BT 114.28 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 131.04 544.25 Td (sun ) Tj ET Q q 0 0 0 rg BT 147.30 544.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 188.57 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 205.33 544.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 250.11 544.25 Td (electricity ) Tj ET Q q 0 0 0 rg BT 289.37 544.25 Td (production; ) Tj ET Q q 0 0 0 rg BT 335.65 544.25 Td (dam ) Tj ET Q q 0 0 0 rg BT 354.90 544.25 Td (safety; ) Tj ET Q q 0 0 0 rg BT 383.16 544.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 412.43 544.25 Td (disasters ) Tj ET Q q 0 0 0 rg BT 450.19 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 466.96 544.25 Td (force ) Tj ET Q q 0 0 0 rg BT 488.72 544.25 Td (majeure; ) Tj ET Q q 0 0 0 rg BT 525.48 544.25 Td (foreign ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 533.45 Td (exchange ) Tj ET Q q 0 0 0 rg BT 100.46 533.45 Td (fluctuations; ) Tj ET Q q 0 0 0 rg BT 150.91 533.45 Td (suf) Tj ET Q q 0 0 0 rg BT 162.76 533.45 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 195.20 533.45 Td (of ) Tj ET Q q 0 0 0 rg BT 205.13 533.45 Td (insurance ) Tj ET Q q 0 0 0 rg BT 246.58 533.45 Td (coverage; ) Tj ET Q q 0 0 0 rg BT 288.53 533.45 Td (credit ) Tj ET Q q 0 0 0 rg BT 312.97 533.45 Td (rating ) Tj ET Q q 0 0 0 rg BT 337.91 533.45 Td (may ) Tj ET Q q 0 0 0 rg BT 357.34 533.45 Td (not ) Tj ET Q q 0 0 0 rg BT 372.27 533.45 Td (reflect ) Tj ET Q q 0 0 0 rg BT 399.21 533.45 Td (actual ) Tj ET Q q 0 0 0 rg BT 425.65 533.45 Td (performance ) Tj ET Q q 0 0 0 rg BT 478.60 533.45 Td (of ) Tj ET Q q 0 0 0 rg BT 488.54 533.45 Td (the ) Tj ET Q q 0 0 0 rg BT 503.48 533.45 Td (Corporation; ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 522.65 Td (potential ) Tj ET Q q 0 0 0 rg BT 94.60 522.65 Td (undisclosed ) Tj ET Q q 0 0 0 rg BT 143.71 522.65 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 179.30 522.65 Td (associated ) Tj ET Q q 0 0 0 rg BT 223.90 522.65 Td (with ) Tj ET Q q 0 0 0 rg BT 241.48 522.65 Td (acquisitions; ) Tj ET Q q 0 0 0 rg BT 292.59 522.65 Td (integration ) Tj ET Q q 0 0 0 rg BT 336.19 522.65 Td (of ) Tj ET Q q 0 0 0 rg BT 345.27 522.65 Td (the ) Tj ET Q q 0 0 0 rg BT 359.36 522.65 Td (facilities ) Tj ET Q q 0 0 0 rg BT 392.95 522.65 Td (and ) Tj ET Q q 0 0 0 rg BT 409.54 522.65 Td (projects ) Tj ET Q q 0 0 0 rg BT 442.63 522.65 Td (acquired ) Tj ET Q q 0 0 0 rg BT 478.73 522.65 Td (and ) Tj ET Q q 0 0 0 rg BT 495.32 522.65 Td (to ) Tj ET Q q 0 0 0 rg BT 504.40 522.65 Td (be ) Tj ET Q q 0 0 0 rg BT 515.99 522.65 Td (acquired; ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 511.85 Td (failure ) Tj ET Q q 0 0 0 rg BT 85.87 511.85 Td (to ) Tj ET Q q 0 0 0 rg BT 95.73 511.85 Td (realize ) Tj ET Q q 0 0 0 rg BT 124.60 511.85 Td (the ) Tj ET Q q 0 0 0 rg BT 139.46 511.85 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 185.35 511.85 Td (benefits ) Tj ET Q q 0 0 0 rg BT 219.23 511.85 Td (of ) Tj ET Q q 0 0 0 rg BT 229.09 511.85 Td (acquisitions; ) Tj ET Q q 0 0 0 rg BT 280.97 511.85 Td (fluctuation ) Tj ET Q q 0 0 0 rg BT 324.35 511.85 Td (of ) Tj ET Q q 0 0 0 rg BT 334.21 511.85 Td (the ) Tj ET Q q 0 0 0 rg BT 349.08 511.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 388.46 511.85 Td (from ) Tj ET Q q 0 0 0 rg BT 408.81 511.85 Td (the ) Tj ET Q q 0 0 0 rg BT 423.68 511.85 Td (Miller ) Tj ET Q q 0 0 0 rg BT 447.53 511.85 Td (Creek ) Tj ET Q q 0 0 0 rg BT 473.89 511.85 Td (facility ) Tj ET Q q 0 0 0 rg BT 501.25 511.85 Td (based ) Tj ET Q q 0 0 0 rg BT 528.13 511.85 Td (on ) Tj ET Q q 0 0 0 rg BT 540.50 511.85 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 501.05 Td (electricity ) Tj ET Q q 0 0 0 rg BT 99.08 501.05 Td (spot ) Tj ET Q q 0 0 0 rg BT 118.67 501.05 Td (price; ) Tj ET Q q 0 0 0 rg BT 143.25 501.05 Td (the ) Tj ET Q q 0 0 0 rg BT 158.33 501.05 Td (inability ) Tj ET Q q 0 0 0 rg BT 190.92 501.05 Td (to ) Tj ET Q q 0 0 0 rg BT 201.00 501.05 Td (execute ) Tj ET Q q 0 0 0 rg BT 235.10 501.05 Td (a ) Tj ET Q q 0 0 0 rg BT 242.68 501.05 Td (definitive ) Tj ET Q q 0 0 0 rg BT 280.77 501.05 Td (agreement ) Tj ET Q q 0 0 0 rg BT 326.37 501.05 Td (and ) Tj ET Q q 0 0 0 rg BT 343.96 501.05 Td (close ) Tj ET Q q 0 0 0 rg BT 367.54 501.05 Td (the ) Tj ET Q q 0 0 0 rg BT 382.63 501.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 427.73 501.05 Td (of ) Tj ET Q q 0 0 0 rg BT 437.81 501.05 Td (the ) Tj ET Q q 0 0 0 rg BT 452.89 501.05 Td (Hydromega ) Tj ET Q q 0 0 0 rg BT 501.99 501.05 Td (hydroelectric ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 490.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 94.95 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 113.91 490.25 Td (development ) Tj ET Q q 0 0 0 rg BT 169.39 490.25 Td (projects; ) Tj ET Q q 0 0 0 rg BT 207.34 490.25 Td (shared ) Tj ET Q q 0 0 0 rg BT 238.80 490.25 Td (transmission ) Tj ET Q q 0 0 0 rg BT 293.26 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 312.22 490.25 Td (interconnection ) Tj ET Q q 0 0 0 rg BT 377.20 490.25 Td (infrastructure; ) Tj ET Q q 0 0 0 rg BT 436.16 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 455.12 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.57 490.25 Td (introduction ) Tj ET Q q 0 0 0 rg BT 522.04 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 533.49 490.25 Td (solar ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 479.45 Td (photovoltaic ) Tj ET Q q 0 0 0 rg BT 109.36 479.45 Td (power ) Tj ET Q q 0 0 0 rg BT 136.20 479.45 Td (facility ) Tj ET Q q 0 0 0 rg BT 163.53 479.45 Td (operation.The ) Tj ET Q q 0 0 0 rg BT 221.39 479.45 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 291.25 479.45 Td (Information ) Tj ET Q q 0 0 0 rg BT 338.59 479.45 Td (is ) Tj ET Q q 0 0 0 rg BT 347.42 479.45 Td (based ) Tj ET Q q 0 0 0 rg BT 374.27 479.45 Td (on ) Tj ET Q q 0 0 0 rg BT 386.60 479.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 415.94 479.45 Td (key ) Tj ET Q q 0 0 0 rg BT 432.27 479.45 Td (expectations ) Tj ET Q q 0 0 0 rg BT 485.13 479.45 Td (and ) Tj ET Q q 0 0 0 rg BT 502.47 479.45 Td (assumptions ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 468.65 Td (made ) Tj ET Q q 0 0 0 rg BT 84.78 468.65 Td (by ) Tj ET Q q 0 0 0 rg BT 97.55 468.65 Td (the ) Tj ET Q q 0 0 0 rg BT 113.33 468.65 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 166.12 468.65 Td (including ) Tj ET Q q 0 0 0 rg BT 204.91 468.65 Td (expectations ) Tj ET Q q 0 0 0 rg BT 258.71 468.65 Td (and ) Tj ET Q q 0 0 0 rg BT 276.99 468.65 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 330.78 468.65 Td (concerning ) Tj ET Q q 0 0 0 rg BT 378.08 468.65 Td (availability ) Tj ET Q q 0 0 0 rg BT 422.86 468.65 Td (of ) Tj ET Q q 0 0 0 rg BT 433.64 468.65 Td (capital ) Tj ET Q q 0 0 0 rg BT 462.92 468.65 Td (resources, ) Tj ET Q q 0 0 0 rg BT 508.20 468.65 Td (absence ) Tj ET Q q 0 0 0 rg BT 545.49 468.65 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 457.85 Td (exercise ) Tj ET Q q 0 0 0 rg BT 94.76 457.85 Td (of ) Tj ET Q q 0 0 0 rg BT 104.52 457.85 Td (any ) Tj ET Q q 0 0 0 rg BT 121.28 457.85 Td (termination ) Tj ET Q q 0 0 0 rg BT 168.05 457.85 Td (right, ) Tj ET Q q 0 0 0 rg BT 190.30 457.85 Td (economic ) Tj ET Q q 0 0 0 rg BT 231.07 457.85 Td (and ) Tj ET Q q 0 0 0 rg BT 248.34 457.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 283.61 457.85 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 328.88 457.85 Td (the ) Tj ET Q q 0 0 0 rg BT 343.64 457.85 Td (success ) Tj ET Q q 0 0 0 rg BT 378.40 457.85 Td (obtained ) Tj ET Q q 0 0 0 rg BT 415.18 457.85 Td (in ) Tj ET Q q 0 0 0 rg BT 424.44 457.85 Td (developing ) Tj ET Q q 0 0 0 rg BT 470.22 457.85 Td (new ) Tj ET Q q 0 0 0 rg BT 488.98 457.85 Td (facilities ) Tj ET Q q 0 0 0 rg BT 523.24 457.85 Td (and ) Tj ET Q q 0 0 0 rg BT 540.51 457.85 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 447.05 Td (performance ) Tj ET Q q 0 0 0 rg BT 112.24 447.05 Td (of ) Tj ET Q q 0 0 0 rg BT 122.47 447.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 162.71 447.05 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 199.40 447.05 Td (Although ) Tj ET Q q 0 0 0 rg BT 237.65 447.05 Td (the ) Tj ET Q q 0 0 0 rg BT 252.88 447.05 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 302.62 447.05 Td (believes ) Tj ET Q q 0 0 0 rg BT 338.36 447.05 Td (that ) Tj ET Q q 0 0 0 rg BT 356.09 447.05 Td (the ) Tj ET Q q 0 0 0 rg BT 371.32 447.05 Td (expectations ) Tj ET Q q 0 0 0 rg BT 424.57 447.05 Td (and ) Tj ET Q q 0 0 0 rg BT 442.30 447.05 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 495.54 447.05 Td (on ) Tj ET Q q 0 0 0 rg BT 508.27 447.05 Td (which ) Tj ET Q q 0 0 0 rg BT 534.00 447.05 Td (such ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 436.25 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 128.08 436.25 Td (Information ) Tj ET Q q 0 0 0 rg BT 174.65 436.25 Td (is ) Tj ET Q q 0 0 0 rg BT 182.69 436.25 Td (based ) Tj ET Q q 0 0 0 rg BT 208.76 436.25 Td (are ) Tj ET Q q 0 0 0 rg BT 223.32 436.25 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 271.90 436.25 Td (undue ) Tj ET Q q 0 0 0 rg BT 298.47 436.25 Td (reliance ) Tj ET Q q 0 0 0 rg BT 331.54 436.25 Td (should ) Tj ET Q q 0 0 0 rg BT 359.60 436.25 Td (not ) Tj ET Q q 0 0 0 rg BT 373.66 436.25 Td (be ) Tj ET Q q 0 0 0 rg BT 385.22 436.25 Td (placed ) Tj ET Q q 0 0 0 rg BT 413.29 436.25 Td (on ) Tj ET Q q 0 0 0 rg BT 424.84 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 438.90 436.25 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 507.98 436.25 Td (Information ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 425.45 Td (since ) Tj ET Q q 0 0 0 rg BT 82.34 425.45 Td (no ) Tj ET Q q 0 0 0 rg BT 94.68 425.45 Td (assurance ) Tj ET Q q 0 0 0 rg BT 138.53 425.45 Td (can ) Tj ET Q q 0 0 0 rg BT 155.37 425.45 Td (be ) Tj ET Q q 0 0 0 rg BT 167.71 425.45 Td (given ) Tj ET Q q 0 0 0 rg BT 191.56 425.45 Td (that ) Tj ET Q q 0 0 0 rg BT 208.90 425.45 Td (they ) Tj ET Q q 0 0 0 rg BT 228.24 425.45 Td (will ) Tj ET Q q 0 0 0 rg BT 243.07 425.45 Td (prove ) Tj ET Q q 0 0 0 rg BT 267.91 425.45 Td (to ) Tj ET Q q 0 0 0 rg BT 277.75 425.45 Td (be ) Tj ET Q q 0 0 0 rg BT 290.09 425.45 Td (correct. ) Tj ET Q q 0 0 0 rg BT 322.27 425.45 Td (The ) Tj ET Q q 0 0 0 rg BT 340.11 425.45 Td (reader ) Tj ET Q q 0 0 0 rg BT 368.46 425.45 Td (of ) Tj ET Q q 0 0 0 rg BT 378.29 425.45 Td (this ) Tj ET Q q 0 0 0 rg BT 394.63 425.45 Td (MD&A) Tj ET Q q 0 0 0 rg BT 420.13 425.45 Td ( ) Tj ET Q q 0 0 0 rg BT 422.46 425.45 Td (is ) Tj ET Q q 0 0 0 rg BT 431.29 425.45 Td (cautioned ) Tj ET Q q 0 0 0 rg BT 472.65 425.45 Td (not ) Tj ET Q q 0 0 0 rg BT 487.49 425.45 Td (to ) Tj ET Q q 0 0 0 rg BT 497.33 425.45 Td (rely ) Tj ET Q q 0 0 0 rg BT 514.16 425.45 Td (unduly ) Tj ET Q q 0 0 0 rg BT 543.01 425.45 Td (on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 414.65 Td (this ) Tj ET Q q 0 0 0 rg BT 75.69 414.65 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 145.91 414.65 Td (Information. ) Tj ET Q q 0 0 0 rg BT 195.59 414.65 Td (All ) Tj ET Q q 0 0 0 rg BT 208.28 414.65 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 278.50 414.65 Td (Information, ) Tj ET Q q 0 0 0 rg BT 328.71 414.65 Td (expressed ) Tj ET Q q 0 0 0 rg BT 372.92 414.65 Td (verbally ) Tj ET Q q 0 0 0 rg BT 406.62 414.65 Td (or ) Tj ET Q q 0 0 0 rg BT 417.31 414.65 Td (in ) Tj ET Q q 0 0 0 rg BT 427.01 414.65 Td (writing ) Tj ET Q q 0 0 0 rg BT 455.70 414.65 Td (by ) Tj ET Q q 0 0 0 rg BT 467.90 414.65 Td (the ) Tj ET Q q 0 0 0 rg BT 483.10 414.65 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 532.81 414.65 Td (or ) Tj ET Q q 0 0 0 rg BT 543.50 414.65 Td (by ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 403.85 Td (a ) Tj ET Q q 0 0 0 rg BT 66.47 403.85 Td (person ) Tj ET Q q 0 0 0 rg BT 96.45 403.85 Td (acting ) Tj ET Q q 0 0 0 rg BT 122.93 403.85 Td (on ) Tj ET Q q 0 0 0 rg BT 135.40 403.85 Td (its ) Tj ET Q q 0 0 0 rg BT 146.86 403.85 Td (behalf, ) Tj ET Q q 0 0 0 rg BT 176.35 403.85 Td (is ) Tj ET Q q 0 0 0 rg BT 185.31 403.85 Td (expressly ) Tj ET Q q 0 0 0 rg BT 225.78 403.85 Td (qualified ) Tj ET Q q 0 0 0 rg BT 261.77 403.85 Td (by ) Tj ET Q q 0 0 0 rg BT 273.74 403.85 Td (this ) Tj ET Q q 0 0 0 rg BT 290.21 403.85 Td (cautionary ) Tj ET Q q 0 0 0 rg BT 334.19 403.85 Td (statement. ) Tj ET Q q 0 0 0 rg BT 378.52 403.85 Td (The ) Tj ET Q q 0 0 0 rg BT 396.49 403.85 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 466.48 403.85 Td (Information ) Tj ET Q q 0 0 0 rg BT 513.97 403.85 Td (contained ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 393.05 Td (herein ) Tj ET Q q 0 0 0 rg BT 86.96 393.05 Td (is ) Tj ET Q q 0 0 0 rg BT 96.40 393.05 Td (made ) Tj ET Q q 0 0 0 rg BT 121.85 393.05 Td (as ) Tj ET Q q 0 0 0 rg BT 134.30 393.05 Td (at ) Tj ET Q q 0 0 0 rg BT 144.75 393.05 Td (the ) Tj ET Q q 0 0 0 rg BT 160.20 393.05 Td (date ) Tj ET Q q 0 0 0 rg BT 180.66 393.05 Td (of ) Tj ET Q q 0 0 0 rg BT 191.11 393.05 Td (this ) Tj ET Q q 0 0 0 rg BT 208.05 393.05 Td (MD&A) Tj ET Q q 0 0 0 rg BT 233.56 393.05 Td ( ) Tj ET Q q 0 0 0 rg BT 236.50 393.05 Td (and ) Tj ET Q q 0 0 0 rg BT 254.46 393.05 Td (the ) Tj ET Q q 0 0 0 rg BT 269.91 393.05 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 319.88 393.05 Td (does ) Tj ET Q q 0 0 0 rg BT 342.34 393.05 Td (not ) Tj ET Q q 0 0 0 rg BT 357.79 393.05 Td (undertake ) Tj ET Q q 0 0 0 rg BT 400.76 393.05 Td (any ) Tj ET Q q 0 0 0 rg BT 418.21 393.05 Td (obligation ) Tj ET Q q 0 0 0 rg BT 459.68 393.05 Td (to ) Tj ET Q q 0 0 0 rg BT 470.13 393.05 Td (update ) Tj ET Q q 0 0 0 rg BT 500.60 393.05 Td (or ) Tj ET Q q 0 0 0 rg BT 511.54 393.05 Td (revise ) Tj ET Q q 0 0 0 rg BT 538.49 393.05 Td (any ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 382.25 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 128.25 382.25 Td (Information, ) Tj ET Q q 0 0 0 rg BT 177.50 382.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 211.24 382.25 Td (as ) Tj ET Q q 0 0 0 rg BT 222.46 382.25 Td (a ) Tj ET Q q 0 0 0 rg BT 229.19 382.25 Td (result ) Tj ET Q q 0 0 0 rg BT 252.92 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.15 382.25 Td (events ) Tj ET Q q 0 0 0 rg BT 290.39 382.25 Td (or ) Tj ET Q q 0 0 0 rg BT 300.11 382.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 359.35 382.25 Td (occurring ) Tj ET Q q 0 0 0 rg BT 398.08 382.25 Td (after ) Tj ET Q q 0 0 0 rg BT 417.81 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.05 382.25 Td (date ) Tj ET Q q 0 0 0 rg BT 451.29 382.25 Td (hereof, ) Tj ET Q q 0 0 0 rg BT 481.03 382.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 508.76 382.25 Td (so ) Tj ET Q q 0 0 0 rg BT 519.99 382.25 Td (required ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 371.45 Td (by ) Tj ET Q q 0 0 0 rg BT 71.01 371.45 Td (legislation.) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 197.00 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 5) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 694.00 Td (OVER) Tj ET Q q 0.2 0 0.6 rg BT 89.98 694.00 Td (VIEW) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 671.20 Td (The ) Tj ET Q q 0.2 0 0.6 rg BT 79.12 671.20 Td (Corporation ) Tj ET Q q 0.2 0 0.6 rg BT 134.26 671.20 Td (is ) Tj ET Q q 0.2 0 0.6 rg BT 144.37 671.20 Td (a ) Tj ET Q q 0.2 0 0.6 rg BT 152.82 671.20 Td (developer) Tj ET Q q 0.2 0 0.6 rg BT 196.19 671.20 Td (, ) Tj ET Q q 0.2 0 0.6 rg BT 201.86 671.20 Td (owner ) Tj ET Q q 0.2 0 0.6 rg BT 231.99 671.20 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 251.56 671.20 Td (operator ) Tj ET Q q 0.2 0 0.6 rg BT 291.70 671.20 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 302.93 671.20 Td (renewable ) Tj ET Q q 0.2 0 0.6 rg BT 351.96 671.20 Td (power-generating ) Tj ET Q q 0.2 0 0.6 rg BT 432.68 671.20 Td (facilities. ) Tj ET Q q 0.2 0 0.6 rg BT 473.72 671.20 Td (The ) Tj ET Q q 0.2 0 0.6 rg BT 493.84 671.20 Td (Corporation's ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 659.20 Td (shares ) Tj ET Q q 0.2 0 0.6 rg BT 92.02 659.20 Td (are ) Tj ET Q q 0.2 0 0.6 rg BT 109.48 659.20 Td (listed ) Tj ET Q q 0.2 0 0.6 rg BT 135.83 659.20 Td (on ) Tj ET Q q 0.2 0 0.6 rg BT 149.96 659.20 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 166.67 659.20 Td (T) Tj ET Q q 0.2 0 0.6 rg BT 171.67 659.20 Td (oronto ) Tj ET Q q 0.2 0 0.6 rg BT 203.03 659.20 Td (Stock ) Tj ET Q q 0.2 0 0.6 rg BT 231.04 659.20 Td (Exchange ) Tj ET Q q 0.2 0 0.6 rg BT 278.52 659.20 Td (\(TSX\) ) Tj ET Q q 0.2 0 0.6 rg BT 314.30 659.20 Td (under ) Tj ET Q q 0.2 0 0.6 rg BT 342.88 659.20 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 359.78 659.20 Td (symbols ) Tj ET Q q 0.2 0 0.6 rg BT 399.46 659.20 Td (INE, ) Tj ET Q q 0.2 0 0.6 rg BT 421.92 659.20 Td (INE.PR.A) Tj ET Q q 0.2 0 0.6 rg BT 464.15 659.20 Td ( ) Tj ET Q q 0.2 0 0.6 rg BT 467.16 659.20 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 486.85 659.20 Td (INE.PR.C. ) Tj ET Q q 0.2 0 0.6 rg BT 535.77 659.20 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 647.20 Td (Corporation ) Tj ET Q q 0.2 0 0.6 rg BT 113.64 647.20 Td (has ) Tj ET Q q 0.2 0 0.6 rg BT 132.14 647.20 Td (been ) Tj ET Q q 0.2 0 0.6 rg BT 156.77 647.20 Td (active ) Tj ET Q q 0.2 0 0.6 rg BT 185.28 647.20 Td (in ) Tj ET Q q 0.2 0 0.6 rg BT 195.45 647.20 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 211.74 647.20 Td (Canadian ) Tj ET Q q 0.2 0 0.6 rg BT 256.93 647.20 Td (renewable ) Tj ET Q q 0.2 0 0.6 rg BT 305.46 647.20 Td (power ) Tj ET Q q 0.2 0 0.6 rg BT 335.08 647.20 Td (industry ) Tj ET Q q 0.2 0 0.6 rg BT 372.48 647.20 Td (since ) Tj ET Q q 0.2 0 0.6 rg BT 398.21 647.20 Td (1990, ) Tj ET Q q 0.2 0 0.6 rg BT 425.62 647.20 Td (with ) Tj ET Q q 0.2 0 0.6 rg BT 445.79 647.20 Td (a ) Tj ET Q q 0.2 0 0.6 rg BT 453.73 647.20 Td (focus ) Tj ET Q q 0.2 0 0.6 rg BT 480.02 647.20 Td (on ) Tj ET Q q 0.2 0 0.6 rg BT 493.53 647.20 Td (hydroelectric, ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 635.20 Td (wind ) Tj ET Q q 0.2 0 0.6 rg BT 83.19 635.20 Td (power ) Tj ET Q q 0.2 0 0.6 rg BT 114.04 635.20 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 134.35 635.20 Td (solar ) Tj ET Q q 0.2 0 0.6 rg BT 159.64 635.20 Td (photovoltaic ) Tj ET Q q 0.2 0 0.6 rg BT 216.63 635.20 Td (\(PV\) ) Tj ET Q q 0.2 0 0.6 rg BT 246.92 635.20 Td (projects ) Tj ET Q q 0.2 0 0.6 rg BT 285.55 635.20 Td (that ) Tj ET Q q 0.2 0 0.6 rg BT 305.85 635.20 Td (benefit ) Tj ET Q q 0.2 0 0.6 rg BT 339.50 635.20 Td (from ) Tj ET Q q 0.2 0 0.6 rg BT 363.12 635.20 Td (low ) Tj ET Q q 0.2 0 0.6 rg BT 381.74 635.20 Td (operating ) Tj ET Q q 0.2 0 0.6 rg BT 427.06 635.20 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 447.37 635.20 Td (management ) Tj ET Q q 0.2 0 0.6 rg BT 509.36 635.20 Td (costs ) Tj ET Q q 0.2 0 0.6 rg BT 536.32 635.20 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 623.20 Td (simple, ) Tj ET Q q 0.2 0 0.6 rg BT 93.14 623.20 Td (proven ) Tj ET Q q 0.2 0 0.6 rg BT 126.19 623.20 Td (technologies. ) Tj ET Q q 0.2 0 0.6 rg BT 187.42 623.20 Td (The ) Tj ET Q q 0.2 0 0.6 rg BT 207.12 623.20 Td (Corporation ) Tj ET Q q 0.2 0 0.6 rg BT 261.84 623.20 Td (is ) Tj ET Q q 0.2 0 0.6 rg BT 271.53 623.20 Td (rated ) Tj ET Q q 0.2 0 0.6 rg BT 296.79 623.20 Td (BBB- ) Tj ET Q q 0.2 0 0.6 rg BT 322.60 623.20 Td (by ) Tj ET Q q 0.2 0 0.6 rg BT 335.63 623.20 Td (Standard ) Tj ET Q q 0.2 0 0.6 rg BT 378.68 623.20 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 397.84 623.20 Td (Poor's ) Tj ET Q q 0.2 0 0.6 rg BT 428.34 623.20 Td (Rating ) Tj ET Q q 0.2 0 0.6 rg BT 459.71 623.20 Td (Services ) Tj ET Q q 0.2 0 0.6 rg BT 500.52 623.20 Td (\(S&P\) ) Tj ET Q q 0.2 0 0.6 rg BT 536.32 623.20 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 611.20 Td (BB ) Tj ET Q q 0.2 0 0.6 rg BT 75.12 611.20 Td (\(high\) ) Tj ET Q q 0.2 0 0.6 rg BT 103.46 611.20 Td (by ) Tj ET Q q 0.2 0 0.6 rg BT 116.80 611.20 Td (DBRS ) Tj ET Q q 0.2 0 0.6 rg BT 147.36 611.20 Td (Limited ) Tj ET Q q 0.2 0 0.6 rg BT 182.38 611.20 Td (\(DBRS\).) Tj ET Q BT /F4 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 588.40 Td (Portfolio ) Tj ET Q q 0.2 0 0.6 rg BT 102.88 588.40 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 114.73 588.40 Td (Assets) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 566.80 Td (As ) Tj ET Q q 0 0 0 rg BT 72.00 566.80 Td (at ) Tj ET Q q 0 0 0 rg BT 82.01 566.80 Td (the ) Tj ET Q q 0 0 0 rg BT 97.02 566.80 Td (date ) Tj ET Q q 0 0 0 rg BT 117.04 566.80 Td (of ) Tj ET Q q 0 0 0 rg BT 127.04 566.80 Td (this ) Tj ET Q q 0 0 0 rg BT 143.55 566.80 Td (MD&A, ) Tj ET Q q 0 0 0 rg BT 174.55 566.80 Td (the ) Tj ET Q q 0 0 0 rg BT 189.57 566.80 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 239.09 566.80 Td (owns ) Tj ET Q q 0 0 0 rg BT 262.60 566.80 Td (interests ) Tj ET Q q 0 0 0 rg BT 299.12 566.80 Td (in ) Tj ET Q q 0 0 0 rg BT 308.62 566.80 Td (three ) Tj ET Q q 0 0 0 rg BT 331.64 566.80 Td (groups ) Tj ET Q q 0 0 0 rg BT 361.66 566.80 Td (of ) Tj ET Q q 0 0 0 rg BT 371.66 566.80 Td (power-generating ) Tj ET Q q 0 0 0 rg BT 444.21 566.80 Td (projects: ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 545.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 545.20 Td (29 ) Tj ET Q q 0 0 0 rg BT 108.20 545.20 Td (facilities ) Tj ET Q q 0 0 0 rg BT 143.41 545.20 Td (that ) Tj ET Q q 0 0 0 rg BT 161.61 545.20 Td (are ) Tj ET Q q 0 0 0 rg BT 177.81 545.20 Td (in ) Tj ET Q q 0 0 0 rg BT 188.01 545.20 Td (commercial ) Tj ET Q q 0 0 0 rg BT 237.21 545.20 Td (operation ) Tj ET Q q 0 0 0 rg BT 277.93 545.20 Td (\(the ) Tj ET Q q 0 0 0 rg BT 296.63 545.20 Td (Operating ) Tj ET Q q 0 0 0 rg BT 342.35 545.20 Td (Facilities\). ) Tj ET Q q 0 0 0 rg BT 389.04 545.20 Td (Commissioned ) Tj ET Q q 0 0 0 rg BT 451.75 545.20 Td (between ) Tj ET Q q 0 0 0 rg BT 488.97 545.20 Td (November1994 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 534.40 Td (and ) Tj ET Q q 0 0 0 rg BT 112.32 534.40 Td (November ) Tj ET Q q 0 0 0 rg BT 156.14 534.40 Td (2012, ) Tj ET Q q 0 0 0 rg BT 180.97 534.40 Td (the ) Tj ET Q q 0 0 0 rg BT 195.79 534.40 Td (facilities ) Tj ET Q q 0 0 0 rg BT 230.10 534.40 Td (have ) Tj ET Q q 0 0 0 rg BT 251.92 534.40 Td (a ) Tj ET Q q 0 0 0 rg BT 259.23 534.40 Td (weighted ) Tj ET Q q 0 0 0 rg BT 297.56 534.40 Td (average ) Tj ET Q q 0 0 0 rg BT 332.39 534.40 Td (age ) Tj ET Q q 0 0 0 rg BT 349.71 534.40 Td (of ) Tj ET Q q 0 0 0 rg BT 359.52 534.40 Td (approximately ) Tj ET Q q 0 0 0 rg BT 417.86 534.40 Td (7.2years. ) Tj ET Q q 0 0 0 rg BT 459.53 534.40 Td (They ) Tj ET Q q 0 0 0 rg BT 481.84 534.40 Td (sell ) Tj ET Q q 0 0 0 rg BT 497.65 534.40 Td (the ) Tj ET Q q 0 0 0 rg BT 512.47 534.40 Td (generated ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 523.60 Td (power ) Tj ET Q q 0 0 0 rg BT 120.86 523.60 Td (under ) Tj ET Q q 0 0 0 rg BT 145.22 523.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 184.58 523.60 Td (Power ) Tj ET Q q 0 0 0 rg BT 211.44 523.60 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 250.54 523.60 Td (Agreements ) Tj ET Q q 0 0 0 rg BT 300.41 523.60 Td (\(PP) Tj ET Q q 0 0 0 rg BT 317.74 523.60 Td (A\) ) Tj ET Q q 0 0 0 rg BT 331.09 523.60 Td (that ) Tj ET Q q 0 0 0 rg BT 347.45 523.60 Td (have ) Tj ET Q q 0 0 0 rg BT 368.31 523.60 Td (a ) Tj ET Q q 0 0 0 rg BT 374.66 523.60 Td (weighted ) Tj ET Q q 0 0 0 rg BT 412.03 523.60 Td (average ) Tj ET Q q 0 0 0 rg BT 445.91 523.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 486.77 523.60 Td (life ) Tj ET Q q 0 0 0 rg BT 499.62 523.60 Td (of ) Tj ET Q q 0 0 0 rg BT 508.48 523.60 Td (17.9years; ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 502.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 502.00 Td (Eight ) Tj ET Q q 0 0 0 rg BT 119.38 502.00 Td (projects ) Tj ET Q q 0 0 0 rg BT 154.76 502.00 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 199.66 502.00 Td (to ) Tj ET Q q 0 0 0 rg BT 211.03 502.00 Td (begin ) Tj ET Q q 0 0 0 rg BT 236.91 502.00 Td (commercial ) Tj ET Q q 0 0 0 rg BT 286.79 502.00 Td (operation ) Tj ET Q q 0 0 0 rg BT 328.18 502.00 Td (between ) Tj ET Q q 0 0 0 rg BT 366.07 502.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 389.96 502.00 Td (and ) Tj ET Q q 0 0 0 rg BT 408.84 502.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 432.73 502.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 452.10 502.00 Td (Development ) Tj ET Q q 0 0 0 rg BT 512.00 502.00 Td (Projects\). ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 491.20 Td (Construction ) Tj ET Q q 0 0 0 rg BT 148.02 491.20 Td (is ) Tj ET Q q 0 0 0 rg BT 157.02 491.20 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 191.56 491.20 Td (at ) Tj ET Q q 0 0 0 rg BT 201.56 491.20 Td (three ) Tj ET Q q 0 0 0 rg BT 224.58 491.20 Td (of ) Tj ET Q q 0 0 0 rg BT 234.58 491.20 Td (the ) Tj ET Q q 0 0 0 rg BT 249.60 491.20 Td (projects ) Tj ET Q q 0 0 0 rg BT 283.61 491.20 Td (and ) Tj ET Q q 0 0 0 rg BT 301.13 491.20 Td (is ) Tj ET Q q 0 0 0 rg BT 310.13 491.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 349.15 491.20 Td (to ) Tj ET Q q 0 0 0 rg BT 359.16 491.20 Td (begin ) Tj ET Q q 0 0 0 rg BT 383.68 491.20 Td (on ) Tj ET Q q 0 0 0 rg BT 396.19 491.20 Td (four ) Tj ET Q q 0 0 0 rg BT 414.20 491.20 Td (projects ) Tj ET Q q 0 0 0 rg BT 448.21 491.20 Td (in ) Tj ET Q q 0 0 0 rg BT 457.72 491.20 Td (2013; ) Tj ET Q q 0 0 0 rg BT 482.74 491.20 Td (and) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 469.60 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 469.60 Td (Numerous ) Tj ET Q q 0 0 0 rg BT 138.88 469.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 172.75 469.60 Td (that ) Tj ET Q q 0 0 0 rg BT 190.12 469.60 Td (have ) Tj ET Q q 0 0 0 rg BT 212.00 469.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 246.37 469.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 275.75 469.60 Td (land ) Tj ET Q q 0 0 0 rg BT 295.12 469.60 Td (rights, ) Tj ET Q q 0 0 0 rg BT 321.99 469.60 Td (for ) Tj ET Q q 0 0 0 rg BT 334.85 469.60 Td (which ) Tj ET Q q 0 0 0 rg BT 360.22 469.60 Td (an ) Tj ET Q q 0 0 0 rg BT 372.59 469.60 Td (investigative ) Tj ET Q q 0 0 0 rg BT 424.48 469.60 Td (permit ) Tj ET Q q 0 0 0 rg BT 451.84 469.60 Td (application ) Tj ET Q q 0 0 0 rg BT 497.24 469.60 Td (has ) Tj ET Q q 0 0 0 rg BT 514.11 469.60 Td (been ) Tj ET Q q 0 0 0 rg BT 536.49 469.60 Td (filed ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 458.80 Td (or ) Tj ET Q q 0 0 0 rg BT 105.20 458.80 Td (for ) Tj ET Q q 0 0 0 rg BT 117.90 458.80 Td (which ) Tj ET Q q 0 0 0 rg BT 143.11 458.80 Td (a ) Tj ET Q q 0 0 0 rg BT 150.32 458.80 Td (proposal ) Tj ET Q q 0 0 0 rg BT 187.04 458.80 Td (has ) Tj ET Q q 0 0 0 rg BT 203.75 458.80 Td (either ) Tj ET Q q 0 0 0 rg BT 228.46 458.80 Td (been ) Tj ET Q q 0 0 0 rg BT 250.68 458.80 Td (submitted ) Tj ET Q q 0 0 0 rg BT 291.90 458.80 Td (under ) Tj ET Q q 0 0 0 rg BT 317.11 458.80 Td (a ) Tj ET Q q 0 0 0 rg BT 324.32 458.80 Td (Request ) Tj ET Q q 0 0 0 rg BT 360.04 458.80 Td (for ) Tj ET Q q 0 0 0 rg BT 372.74 458.80 Td (Proposal ) Tj ET Q q 0 0 0 rg BT 410.46 458.80 Td (\(RFP\) ) Tj ET Q q 0 0 0 rg BT 442.65 458.80 Td (or ) Tj ET Q q 0 0 0 rg BT 452.85 458.80 Td (could ) Tj ET Q q 0 0 0 rg BT 476.56 458.80 Td (be ) Tj ET Q q 0 0 0 rg BT 488.77 458.80 Td (submitted ) Tj ET Q q 0 0 0 rg BT 529.99 458.80 Td (under ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 448.00 Td (a ) Tj ET Q q 0 0 0 rg BT 102.82 448.00 Td (Standing ) Tj ET Q q 0 0 0 rg BT 141.16 448.00 Td (Of) Tj ET Q q 0 0 0 rg BT 150.50 448.00 Td (fer ) Tj ET Q q 0 0 0 rg BT 163.81 448.00 Td (Program ) Tj ET Q q 0 0 0 rg BT 201.13 448.00 Td (\(SOP\) ) Tj ET Q q 0 0 0 rg BT 234.94 448.00 Td (\(collectively ) Tj ET Q q 0 0 0 rg BT 284.27 448.00 Td (the ) Tj ET Q q 0 0 0 rg BT 299.59 448.00 Td (Prospective ) Tj ET Q q 0 0 0 rg BT 352.42 448.00 Td (Projects\). ) Tj ET Q q 0 0 0 rg BT 396.05 448.00 Td (These ) Tj ET Q q 0 0 0 rg BT 423.88 448.00 Td (projects ) Tj ET Q q 0 0 0 rg BT 458.20 448.00 Td (are ) Tj ET Q q 0 0 0 rg BT 474.02 448.00 Td (at ) Tj ET Q q 0 0 0 rg BT 484.34 448.00 Td (various ) Tj ET Q q 0 0 0 rg BT 516.17 448.00 Td (stages ) Tj ET Q q 0 0 0 rg BT 545.50 448.00 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 437.20 Td (development. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 415.60 Td (The ) Tj ET Q q 0 0 0 rg BT 77.08 415.60 Td (following ) Tj ET Q q 0 0 0 rg BT 114.67 415.60 Td (chart ) Tj ET Q q 0 0 0 rg BT 137.25 415.60 Td (diagrams ) Tj ET Q q 0 0 0 rg BT 176.83 415.60 Td (the ) Tj ET Q q 0 0 0 rg BT 191.91 415.60 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 247.73 415.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 272.31 415.60 Td (and ) Tj ET Q q 0 0 0 rg BT 289.89 415.60 Td (indirect ) Tj ET Q q 0 0 0 rg BT 321.48 415.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 358.06 415.60 Td (in ) Tj ET Q q 0 0 0 rg BT 367.64 415.60 Td (the ) Tj ET Q q 0 0 0 rg BT 382.72 415.60 Td (Operating ) Tj ET Q q 0 0 0 rg BT 424.81 415.60 Td (Facilities, ) Tj ET Q q 0 0 0 rg BT 464.89 415.60 Td (Development ) Tj ET Q q 0 0 0 rg BT 520.49 415.60 Td (Projects ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 404.80 Td (and ) Tj ET Q q 0 0 0 rg BT 76.52 404.80 Td (Prospective ) Tj ET Q q 0 0 0 rg BT 126.04 404.80 Td (Projects.) Tj ET Q /GS0 gs q 448.00 0 0 304.00 82.00 85.00 cm /I2 Do Q BT /F2 10.00 Tf ET endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 197.00 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 6) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 694.00 Td (BUSINESS STRA) Tj ET Q q 0.2 0 0.6 rg BT 147.42 694.00 Td (TEGY) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 671.20 Td (The ) Tj ET Q q 0.2 0 0.6 rg BT 79.26 671.20 Td (Corporation's ) Tj ET Q q 0.2 0 0.6 rg BT 141.44 671.20 Td (strategy ) Tj ET Q q 0.2 0 0.6 rg BT 180.04 671.20 Td (for ) Tj ET Q q 0.2 0 0.6 rg BT 194.74 671.20 Td (building ) Tj ET Q q 0.2 0 0.6 rg BT 232.24 671.20 Td (shareholder ) Tj ET Q q 0.2 0 0.6 rg BT 288.08 671.20 Td (value ) Tj ET Q q 0.2 0 0.6 rg BT 315.01 671.20 Td (is ) Tj ET Q q 0.2 0 0.6 rg BT 325.26 671.20 Td (to ) Tj ET Q q 0.2 0 0.6 rg BT 336.62 671.20 Td (develop ) Tj ET Q q 0.2 0 0.6 rg BT 374.68 671.20 Td (or ) Tj ET Q q 0.2 0 0.6 rg BT 386.60 671.20 Td (acquire ) Tj ET Q q 0.2 0 0.6 rg BT 422.42 671.20 Td (high-quality ) Tj ET Q q 0.2 0 0.6 rg BT 476.59 671.20 Td (renewable ) Tj ET Q q 0.2 0 0.6 rg BT 525.76 671.20 Td (power ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 659.20 Td (production ) Tj ET Q q 0.2 0 0.6 rg BT 109.50 659.20 Td (facilities ) Tj ET Q q 0.2 0 0.6 rg BT 148.87 659.20 Td (generating ) Tj ET Q q 0.2 0 0.6 rg BT 199.93 659.20 Td (sustainable ) Tj ET Q q 0.2 0 0.6 rg BT 254.33 659.20 Td (cash ) Tj ET Q q 0.2 0 0.6 rg BT 279.25 659.20 Td (flows ) Tj ET Q q 0.2 0 0.6 rg BT 305.84 659.20 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 326.33 659.20 Td (providing ) Tj ET Q q 0.2 0 0.6 rg BT 370.71 659.20 Td (a ) Tj ET Q q 0.2 0 0.6 rg BT 380.08 659.20 Td (high ) Tj ET Q q 0.2 0 0.6 rg BT 402.78 659.20 Td (return ) Tj ET Q q 0.2 0 0.6 rg BT 432.71 659.20 Td (on ) Tj ET Q q 0.2 0 0.6 rg BT 447.64 659.20 Td (invested ) Tj ET Q q 0.2 0 0.6 rg BT 488.68 659.20 Td (capital, ) Tj ET Q q 0.2 0 0.6 rg BT 524.17 659.20 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 544.66 659.20 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 647.20 Td (distribute ) Tj ET Q q 0.2 0 0.6 rg BT 102.35 647.20 Td (a ) Tj ET Q q 0.2 0 0.6 rg BT 110.69 647.20 Td (stable ) Tj ET Q q 0.2 0 0.6 rg BT 140.16 647.20 Td (dividend.) Tj ET Q BT /F4 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 624.40 Td (Annual ) Tj ET Q q 0.2 0 0.6 rg BT 95.67 624.40 Td (Dividend ) Tj ET Q q 0.2 0 0.6 rg BT 140.67 624.40 Td (Policy) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 602.80 Td (The ) Tj ET Q q 0 0 0 rg BT 77.11 602.80 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 126.75 602.80 Td (intends ) Tj ET Q q 0 0 0 rg BT 158.37 602.80 Td (to ) Tj ET Q q 0 0 0 rg BT 168.48 602.80 Td (distribute ) Tj ET Q q 0 0 0 rg BT 207.61 602.80 Td (an ) Tj ET Q q 0 0 0 rg BT 220.22 602.80 Td (annual ) Tj ET Q q 0 0 0 rg BT 249.86 602.80 Td (dividend ) Tj ET Q q 0 0 0 rg BT 285.99 602.80 Td (of ) Tj ET Q q 0 0 0 rg BT 296.10 602.80 Td ($0.58 ) Tj ET Q q 0 0 0 rg BT 321.23 602.80 Td (per ) Tj ET Q q 0 0 0 rg BT 336.84 602.80 Td (common ) Tj ET Q q 0 0 0 rg BT 373.95 602.80 Td (share ) Tj ET Q q 0 0 0 rg BT 399.07 602.80 Td (payable ) Tj ET Q q 0 0 0 rg BT 433.21 602.80 Td (quarterly) Tj ET Q q 0 0 0 rg BT 467.55 602.80 Td (. ) Tj ET Q q 0 0 0 rg BT 472.66 602.80 Td (Its ) Tj ET Q q 0 0 0 rg BT 484.77 602.80 Td (dividend ) Tj ET Q q 0 0 0 rg BT 520.90 602.80 Td (policy ) Tj ET Q q 0 0 0 rg BT 546.51 602.80 Td (is ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 592.00 Td (based ) Tj ET Q q 0 0 0 rg BT 85.77 592.00 Td (on ) Tj ET Q q 0 0 0 rg BT 98.04 592.00 Td (the ) Tj ET Q q 0 0 0 rg BT 112.80 592.00 Td (long-term ) Tj ET Q q 0 0 0 rg BT 153.07 592.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 174.33 592.00 Td (flow ) Tj ET Q q 0 0 0 rg BT 192.59 592.00 Td (generating ) Tj ET Q q 0 0 0 rg BT 237.37 592.00 Td (capacities ) Tj ET Q q 0 0 0 rg BT 279.65 592.00 Td (of ) Tj ET Q q 0 0 0 rg BT 289.41 592.00 Td (its ) Tj ET Q q 0 0 0 rg BT 300.66 592.00 Td (Operating ) Tj ET Q q 0 0 0 rg BT 342.43 592.00 Td (Facilities. ) Tj ET Q q 0 0 0 rg BT 382.19 592.00 Td (Innergex's ) Tj ET Q q 0 0 0 rg BT 425.69 592.00 Td (investments ) Tj ET Q q 0 0 0 rg BT 475.96 592.00 Td (in ) Tj ET Q q 0 0 0 rg BT 485.22 592.00 Td (the ) Tj ET Q q 0 0 0 rg BT 499.98 592.00 Td (Development ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 581.20 Td (Projects ) Tj ET Q q 0 0 0 rg BT 94.01 581.20 Td (and ) Tj ET Q q 0 0 0 rg BT 111.53 581.20 Td (Prospective ) Tj ET Q q 0 0 0 rg BT 161.05 581.20 Td (Projects ) Tj ET Q q 0 0 0 rg BT 196.06 581.20 Td (are ) Tj ET Q q 0 0 0 rg BT 211.57 581.20 Td (financed ) Tj ET Q q 0 0 0 rg BT 248.10 581.20 Td (through ) Tj ET Q q 0 0 0 rg BT 281.12 581.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 302.63 581.20 Td (flows ) Tj ET Q q 0 0 0 rg BT 325.64 581.20 Td (and ) Tj ET Q q 0 0 0 rg BT 343.15 581.20 Td (a ) Tj ET Q q 0 0 0 rg BT 350.66 581.20 Td (combination ) Tj ET Q q 0 0 0 rg BT 401.69 581.20 Td (of ) Tj ET Q q 0 0 0 rg BT 411.70 581.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 452.73 581.20 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 508.77 581.20 Td (and ) Tj ET Q q 0 0 0 rg BT 526.29 581.20 Td (equity) Tj ET Q q 0 0 0 rg BT 549.64 581.20 Td (. ) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 558.40 Td (Key ) Tj ET Q q 0.2 0 0.6 rg BT 80.12 558.40 Td (Performance ) Tj ET Q q 0.2 0 0.6 rg BT 144.04 558.40 Td (Indicators) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 536.80 Td (The ) Tj ET Q q 0 0 0 rg BT 77.26 536.80 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 127.03 536.80 Td (measures ) Tj ET Q q 0 0 0 rg BT 169.30 536.80 Td (its ) Tj ET Q q 0 0 0 rg BT 181.05 536.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 234.32 536.80 Td (using ) Tj ET Q q 0 0 0 rg BT 258.59 536.80 Td (key ) Tj ET Q q 0 0 0 rg BT 275.34 536.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 328.61 536.80 Td (indicators ) Tj ET Q q 0 0 0 rg BT 369.88 536.80 Td (that ) Tj ET Q q 0 0 0 rg BT 387.64 536.80 Td (include ) Tj ET Q q 0 0 0 rg BT 418.91 536.80 Td (or ) Tj ET Q q 0 0 0 rg BT 429.67 536.80 Td (could ) Tj ET Q q 0 0 0 rg BT 453.93 536.80 Td (include ) Tj ET Q q 0 0 0 rg BT 485.20 536.80 Td (power ) Tj ET Q q 0 0 0 rg BT 512.46 536.80 Td (generated ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 526.00 Td (in ) Tj ET Q q 0 0 0 rg BT 70.14 526.00 Td (megawatt-hours ) Tj ET Q q 0 0 0 rg BT 138.81 526.00 Td (\(MWh\) ) Tj ET Q q 0 0 0 rg BT 175.93 526.00 Td (and ) Tj ET Q q 0 0 0 rg BT 195.08 526.00 Td (gigawatt-hours ) Tj ET Q q 0 0 0 rg BT 258.25 526.00 Td (\(GWh\) ) Tj ET Q q 0 0 0 rg BT 294.87 526.00 Td (and ) Tj ET Q q 0 0 0 rg BT 314.03 526.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 355.69 526.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 396.85 526.00 Td (less ) Tj ET Q q 0 0 0 rg BT 416.99 526.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 458.66 526.00 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 503.82 526.00 Td (general ) Tj ET Q q 0 0 0 rg BT 537.98 526.00 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 515.20 Td (administrative ) Tj ET Q q 0 0 0 rg BT 115.97 515.20 Td (expenses ) Tj ET Q q 0 0 0 rg BT 155.95 515.20 Td (and ) Tj ET Q q 0 0 0 rg BT 172.42 515.20 Td (prospective ) Tj ET Q q 0 0 0 rg BT 219.89 515.20 Td (project ) Tj ET Q q 0 0 0 rg BT 248.35 515.20 Td (expenses ) Tj ET Q q 0 0 0 rg BT 288.33 515.20 Td (\(Adjusted ) Tj ET Q q 0 0 0 rg BT 330.80 515.20 Td (EBITDA\). ) Tj ET Q q 0 0 0 rg BT 373.16 515.20 Td (These ) Tj ET Q q 0 0 0 rg BT 399.62 515.20 Td (indicators ) Tj ET Q q 0 0 0 rg BT 439.59 515.20 Td (are ) Tj ET Q q 0 0 0 rg BT 454.05 515.20 Td (not ) Tj ET Q q 0 0 0 rg BT 468.01 515.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 513.49 515.20 Td (measures ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 504.40 Td (under ) Tj ET Q q 0 0 0 rg BT 84.70 504.40 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 107.88 504.40 Td (and ) Tj ET Q q 0 0 0 rg BT 125.58 504.40 Td (therefore ) Tj ET Q q 0 0 0 rg BT 164.28 504.40 Td (may ) Tj ET Q q 0 0 0 rg BT 183.96 504.40 Td (not ) Tj ET Q q 0 0 0 rg BT 199.15 504.40 Td (be ) Tj ET Q q 0 0 0 rg BT 211.84 504.40 Td (comparable ) Tj ET Q q 0 0 0 rg BT 261.55 504.40 Td (with ) Tj ET Q q 0 0 0 rg BT 280.23 504.40 Td (those ) Tj ET Q q 0 0 0 rg BT 304.93 504.40 Td (presented ) Tj ET Q q 0 0 0 rg BT 347.64 504.40 Td (by ) Tj ET Q q 0 0 0 rg BT 359.83 504.40 Td (other ) Tj ET Q q 0 0 0 rg BT 383.02 504.40 Td (issuers. ) Tj ET Q q 0 0 0 rg BT 416.71 504.40 Td (Investors ) Tj ET Q q 0 0 0 rg BT 455.90 504.40 Td (are ) Tj ET Q q 0 0 0 rg BT 471.59 504.40 Td (cautioned ) Tj ET Q q 0 0 0 rg BT 513.30 504.40 Td (that ) Tj ET Q q 0 0 0 rg BT 530.99 504.40 Td (these ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 493.60 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 100.26 493.60 Td (measures ) Tj ET Q q 0 0 0 rg BT 142.52 493.60 Td (should ) Tj ET Q q 0 0 0 rg BT 171.79 493.60 Td (not ) Tj ET Q q 0 0 0 rg BT 187.05 493.60 Td (be ) Tj ET Q q 0 0 0 rg BT 199.80 493.60 Td (construed ) Tj ET Q q 0 0 0 rg BT 242.07 493.60 Td (as ) Tj ET Q q 0 0 0 rg BT 254.32 493.60 Td (an ) Tj ET Q q 0 0 0 rg BT 267.08 493.60 Td (alternative ) Tj ET Q q 0 0 0 rg BT 311.35 493.60 Td (to ) Tj ET Q q 0 0 0 rg BT 321.60 493.60 Td (net ) Tj ET Q q 0 0 0 rg BT 336.86 493.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 374.13 493.60 Td (as ) Tj ET Q q 0 0 0 rg BT 386.38 493.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 434.15 493.60 Td (in ) Tj ET Q q 0 0 0 rg BT 443.91 493.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 493.18 493.60 Td (with ) Tj ET Q q 0 0 0 rg BT 511.93 493.60 Td (IFRS. ) Tj ET Q q 0 0 0 rg BT 537.50 493.60 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 482.80 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 110.01 482.80 Td (believes ) Tj ET Q q 0 0 0 rg BT 147.01 482.80 Td (that ) Tj ET Q q 0 0 0 rg BT 166.00 482.80 Td (these ) Tj ET Q q 0 0 0 rg BT 192.00 482.80 Td (indicators ) Tj ET Q q 0 0 0 rg BT 234.50 482.80 Td (are ) Tj ET Q q 0 0 0 rg BT 251.49 482.80 Td (important ) Tj ET Q q 0 0 0 rg BT 292.99 482.80 Td (since ) Tj ET Q q 0 0 0 rg BT 317.98 482.80 Td (they ) Tj ET Q q 0 0 0 rg BT 338.98 482.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 372.48 482.80 Td (management ) Tj ET Q q 0 0 0 rg BT 428.99 482.80 Td (and ) Tj ET Q q 0 0 0 rg BT 447.99 482.80 Td (the ) Tj ET Q q 0 0 0 rg BT 464.48 482.80 Td (reader ) Tj ET Q q 0 0 0 rg BT 494.48 482.80 Td (with ) Tj ET Q q 0 0 0 rg BT 514.47 482.80 Td (additional ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 472.00 Td (information ) Tj ET Q q 0 0 0 rg BT 105.51 472.00 Td (about ) Tj ET Q q 0 0 0 rg BT 130.03 472.00 Td (its ) Tj ET Q q 0 0 0 rg BT 141.02 472.00 Td (production ) Tj ET Q q 0 0 0 rg BT 185.04 472.00 Td (and ) Tj ET Q q 0 0 0 rg BT 202.05 472.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 223.06 472.00 Td (generation ) Tj ET Q q 0 0 0 rg BT 267.58 472.00 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 314.10 472.00 Td (and ) Tj ET Q q 0 0 0 rg BT 331.11 472.00 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 366.12 472.00 Td (the ) Tj ET Q q 0 0 0 rg BT 380.62 472.00 Td (comparison ) Tj ET Q q 0 0 0 rg BT 429.14 472.00 Td (of ) Tj ET Q q 0 0 0 rg BT 438.63 472.00 Td (results ) Tj ET Q q 0 0 0 rg BT 467.13 472.00 Td (over ) Tj ET Q q 0 0 0 rg BT 486.63 472.00 Td (dif) Tj ET Q q 0 0 0 rg BT 495.98 472.00 Td (ferent ) Tj ET Q q 0 0 0 rg BT 520.98 472.00 Td (periods. ) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 449.20 Td (Seasonality) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 427.60 Td (The ) Tj ET Q q 0 0 0 rg BT 77.05 427.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 109.61 427.60 Td (of ) Tj ET Q q 0 0 0 rg BT 119.66 427.60 Td (electricity ) Tj ET Q q 0 0 0 rg BT 159.71 427.60 Td (generated ) Tj ET Q q 0 0 0 rg BT 202.79 427.60 Td (by ) Tj ET Q q 0 0 0 rg BT 214.83 427.60 Td (the ) Tj ET Q q 0 0 0 rg BT 229.89 427.60 Td (Operating ) Tj ET Q q 0 0 0 rg BT 271.95 427.60 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 309.50 427.60 Td (is ) Tj ET Q q 0 0 0 rg BT 318.54 427.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 357.61 427.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 402.69 427.60 Td (on ) Tj ET Q q 0 0 0 rg BT 415.25 427.60 Td (the ) Tj ET Q q 0 0 0 rg BT 430.30 427.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 474.36 427.60 Td (of ) Tj ET Q q 0 0 0 rg BT 484.41 427.60 Td (water ) Tj ET Q q 0 0 0 rg BT 508.96 427.60 Td (flows, ) Tj ET Q q 0 0 0 rg BT 534.51 427.60 Td (wind ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 416.80 Td (regimes ) Tj ET Q q 0 0 0 rg BT 93.26 416.80 Td (and ) Tj ET Q q 0 0 0 rg BT 110.53 416.80 Td (solar ) Tj ET Q q 0 0 0 rg BT 132.28 416.80 Td (irradiation. ) Tj ET Q q 0 0 0 rg BT 176.55 416.80 Td (Lower ) Tj ET Q q 0 0 0 rg BT 203.32 416.80 Td (than ) Tj ET Q q 0 0 0 rg BT 223.08 416.80 Td (expected ) Tj ET Q q 0 0 0 rg BT 261.86 416.80 Td (water ) Tj ET Q q 0 0 0 rg BT 286.12 416.80 Td (flows, ) Tj ET Q q 0 0 0 rg BT 311.37 416.80 Td (wind ) Tj ET Q q 0 0 0 rg BT 332.13 416.80 Td (regimes ) Tj ET Q q 0 0 0 rg BT 366.39 416.80 Td (or ) Tj ET Q q 0 0 0 rg BT 376.65 416.80 Td (solar ) Tj ET Q q 0 0 0 rg BT 398.40 416.80 Td (irradiation ) Tj ET Q q 0 0 0 rg BT 440.17 416.80 Td (in ) Tj ET Q q 0 0 0 rg BT 449.43 416.80 Td (any ) Tj ET Q q 0 0 0 rg BT 466.19 416.80 Td (given ) Tj ET Q q 0 0 0 rg BT 489.95 416.80 Td (year ) Tj ET Q q 0 0 0 rg BT 509.71 416.80 Td (could ) Tj ET Q q 0 0 0 rg BT 533.48 416.80 Td (have ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 406.00 Td (an ) Tj ET Q q 0 0 0 rg BT 71.88 406.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 101.25 406.00 Td (on ) Tj ET Q q 0 0 0 rg BT 114.12 406.00 Td (the ) Tj ET Q q 0 0 0 rg BT 129.50 406.00 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 185.61 406.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 225.49 406.00 Td (and ) Tj ET Q q 0 0 0 rg BT 243.37 406.00 Td (hence ) Tj ET Q q 0 0 0 rg BT 270.76 406.00 Td (on ) Tj ET Q q 0 0 0 rg BT 283.64 406.00 Td (its ) Tj ET Q q 0 0 0 rg BT 295.50 406.00 Td (profitability) Tj ET Q q 0 0 0 rg BT 337.85 406.00 Td (. ) Tj ET Q q 0 0 0 rg BT 343.21 406.00 Td (Innergex ) Tj ET Q q 0 0 0 rg BT 381.10 406.00 Td (owns ) Tj ET Q q 0 0 0 rg BT 404.98 406.00 Td (interests ) Tj ET Q q 0 0 0 rg BT 441.86 406.00 Td (in ) Tj ET Q q 0 0 0 rg BT 451.72 406.00 Td (23 ) Tj ET Q q 0 0 0 rg BT 464.60 406.00 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 518.48 406.00 Td (facilities, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 395.20 Td (which ) Tj ET Q q 0 0 0 rg BT 84.91 395.20 Td (draw ) Tj ET Q q 0 0 0 rg BT 107.33 395.20 Td (on ) Tj ET Q q 0 0 0 rg BT 120.24 395.20 Td (20 ) Tj ET Q q 0 0 0 rg BT 133.16 395.20 Td (watersheds, ) Tj ET Q q 0 0 0 rg BT 184.59 395.20 Td (five ) Tj ET Q q 0 0 0 rg BT 201.50 395.20 Td (wind ) Tj ET Q q 0 0 0 rg BT 222.91 395.20 Td (farms ) Tj ET Q q 0 0 0 rg BT 248.32 395.20 Td (and ) Tj ET Q q 0 0 0 rg BT 266.24 395.20 Td (one ) Tj ET Q q 0 0 0 rg BT 284.16 395.20 Td (solar ) Tj ET Q q 0 0 0 rg BT 306.57 395.20 Td (farm, ) Tj ET Q q 0 0 0 rg BT 329.98 395.20 Td (providing ) Tj ET Q q 0 0 0 rg BT 369.40 395.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 412.33 395.20 Td (diversification ) Tj ET Q q 0 0 0 rg BT 469.76 395.20 Td (in ) Tj ET Q q 0 0 0 rg BT 479.67 395.20 Td (terms ) Tj ET Q q 0 0 0 rg BT 505.07 395.20 Td (of ) Tj ET Q q 0 0 0 rg BT 515.48 395.20 Td (operating ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 384.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 94.51 384.40 Td (sources. ) Tj ET Q q 0 0 0 rg BT 131.50 384.40 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 186.50 384.40 Td (given ) Tj ET Q q 0 0 0 rg BT 211.00 384.40 Td (the ) Tj ET Q q 0 0 0 rg BT 226.49 384.40 Td (nature ) Tj ET Q q 0 0 0 rg BT 254.99 384.40 Td (of ) Tj ET Q q 0 0 0 rg BT 265.48 384.40 Td (hydroelectric, ) Tj ET Q q 0 0 0 rg BT 321.99 384.40 Td (wind ) Tj ET Q q 0 0 0 rg BT 343.48 384.40 Td (and ) Tj ET Q q 0 0 0 rg BT 361.48 384.40 Td (solar ) Tj ET Q q 0 0 0 rg BT 383.97 384.40 Td (power ) Tj ET Q q 0 0 0 rg BT 411.46 384.40 Td (generation, ) Tj ET Q q 0 0 0 rg BT 459.48 384.40 Td (seasonal ) Tj ET Q q 0 0 0 rg BT 498.49 384.40 Td (variations ) Tj ET Q q 0 0 0 rg BT 539.99 384.40 Td (are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 373.60 Td (partially ) Tj ET Q q 0 0 0 rg BT 92.51 373.60 Td (of) Tj ET Q q 0 0 0 rg BT 99.86 373.60 Td (fset, ) Tj ET Q q 0 0 0 rg BT 119.36 373.60 Td (as ) Tj ET Q q 0 0 0 rg BT 131.37 373.60 Td (illustrated ) Tj ET Q q 0 0 0 rg BT 172.39 373.60 Td (in ) Tj ET Q q 0 0 0 rg BT 181.89 373.60 Td (the ) Tj ET Q q 0 0 0 rg BT 196.90 373.60 Td (following ) Tj ET Q q 0 0 0 rg BT 234.43 373.60 Td (table:) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.50 352.30 494.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 58.50 337.30 83.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 141.50 337.30 87.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 228.50 337.30 88.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 316.50 337.30 88.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 404.50 337.30 88.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 492.50 337.30 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 322.29999999999995 m 141.5 322.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 141.5 322.29999999999995 m 187.5 322.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 322.29999999999995 m 228.5 322.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 322.29999999999995 m 274.5 322.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 322.29999999999995 m 316.5 322.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 322.29999999999995 m 362.5 322.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 322.29999999999995 m 404.5 322.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 322.29999999999995 m 449.5 322.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 322.29999999999995 m 492.5 322.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 322.29999999999995 m 552.5 322.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 322.29999999999995 m 141.5 322.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 141.5 322.29999999999995 m 187.5 322.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 322.29999999999995 m 228.5 322.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 322.29999999999995 m 274.5 322.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 322.29999999999995 m 316.5 322.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 322.29999999999995 m 362.5 322.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 322.29999999999995 m 404.5 322.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 322.29999999999995 m 449.5 322.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 322.29999999999995 m 492.5 322.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 322.29999999999995 m 552.5 322.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 277.29999999999995 m 141.5 277.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 141.5 277.29999999999995 m 187.5 277.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 277.29999999999995 m 228.5 277.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 277.29999999999995 m 274.5 277.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 277.29999999999995 m 316.5 277.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 277.29999999999995 m 362.5 277.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 277.29999999999995 m 404.5 277.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 277.29999999999995 m 449.5 277.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 277.29999999999995 m 492.5 277.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 277.29999999999995 m 552.5 277.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 277.29999999999995 m 141.5 277.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 265.29999999999995 m 141.5 265.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 263.29999999999995 m 141.5 263.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 141.5 277.29999999999995 m 187.5 277.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 141.5 265.29999999999995 m 187.5 265.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 141.5 263.29999999999995 m 187.5 263.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 277.29999999999995 m 228.5 277.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 265.29999999999995 m 228.5 265.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 263.29999999999995 m 228.5 263.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 277.29999999999995 m 274.5 277.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 265.29999999999995 m 274.5 265.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 263.29999999999995 m 274.5 263.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 277.29999999999995 m 316.5 277.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 265.29999999999995 m 316.5 265.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 263.29999999999995 m 316.5 263.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 277.29999999999995 m 362.5 277.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 265.29999999999995 m 362.5 265.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 263.29999999999995 m 362.5 263.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 277.29999999999995 m 404.5 277.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 265.29999999999995 m 404.5 265.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 263.29999999999995 m 404.5 263.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 277.29999999999995 m 449.5 277.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 265.29999999999995 m 449.5 265.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 263.29999999999995 m 449.5 263.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 277.29999999999995 m 492.5 277.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 265.29999999999995 m 492.5 265.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 263.29999999999995 m 492.5 263.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 277.29999999999995 m 552.5 277.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 265.29999999999995 m 552.5 265.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 263.29999999999995 m 552.5 263.29999999999995 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 237.35 341.70 Td (L) Tj ET Q q 1 1 1 rg BT 241.69 341.70 Td (T) Tj ET Q q 1 1 1 rg BT 246.52 341.70 Td (A) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 252.52 345.99 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 255.77 341.70 Td ( \(GWh and %\) Net Interest) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 369.31 345.99 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 61.00 326.70 Td (Electricity) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 178.45 326.70 Td (Q1) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 265.95 326.70 Td (Q2) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 353.95 326.70 Td (Q3) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 441.95 326.70 Td (Q4) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 512.45 326.70 Td (Total) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 61.00 311.70 Td (HYDRO) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 155.45 311.70 Td (249.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 197.90 311.70 Td (14) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 207.95 311.70 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.45 311.70 Td (630.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 285.90 311.70 Td (36) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.95 311.70 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.45 311.70 Td (506.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.90 311.70 Td (29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.95 311.70 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.45 311.70 Td (359.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.90 311.70 Td (21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.95 311.70 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.95 311.70 Td (1,745.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.00 296.70 Td (WIND) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 155.45 296.70 Td (213.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 197.90 296.70 Td (32) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 207.95 296.70 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.45 296.70 Td (142.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 285.90 296.70 Td (21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.95 296.70 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.45 296.70 Td (112.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.90 296.70 Td (17) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.95 296.70 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.45 296.70 Td (207.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.90 296.70 Td (31) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.95 296.70 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 296.70 Td (676.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.00 281.70 Td (SOLAR) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 91.51 285.99 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 165.45 281.70 Td (7.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 197.90 281.70 Td (19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 207.95 281.70 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 247.45 281.70 Td (12.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 285.90 281.70 Td (33) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.95 281.70 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 335.45 281.70 Td (12.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.90 281.70 Td (33) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.95 281.70 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.45 281.70 Td (5.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.90 281.70 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.95 281.70 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 281.70 Td (38.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.00 268.25 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 155.45 268.25 Td (470.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 197.90 268.25 Td (19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 207.95 268.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.45 268.25 Td (785.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 285.90 268.25 Td (32) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.95 268.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.45 268.25 Td (632.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.90 268.25 Td (26) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.95 268.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.45 268.25 Td (572.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.90 268.25 Td (23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.95 268.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.95 268.25 Td (2,461.0) Tj ET Q BT /F2 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 59.00 255.20 Td (1. ) Tj ET Q q 0 0 0 rg BT 67.89 255.20 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 106.58 255.20 Td (average ) Tj ET Q q 0 0 0 rg BT 137.71 255.20 Td (for ) Tj ET Q q 0 0 0 rg BT 149.27 255.20 Td (2013 ) Tj ET Q q 0 0 0 rg BT 169.29 255.20 Td (for ) Tj ET Q q 0 0 0 rg BT 180.85 255.20 Td (the ) Tj ET Q q 0 0 0 rg BT 194.19 255.20 Td (facilities ) Tj ET Q q 0 0 0 rg BT 224.87 255.20 Td (in ) Tj ET Q q 0 0 0 rg BT 233.32 255.20 Td (operation ) Tj ET Q q 0 0 0 rg BT 268.90 255.20 Td (at ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 277.79 255.20 Td (June30, ) Tj ET Q q 0 0 0 rg BT 310.71 255.20 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.50 255.20 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 59.00 245.60 Td (2. ) Tj ET Q q 0 0 0 rg BT 67.12 245.60 Td (Net ) Tj ET Q q 0 0 0 rg BT 81.02 245.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 108.70 245.60 Td (corresponds ) Tj ET Q q 0 0 0 rg BT 154.17 245.60 Td (to ) Tj ET Q q 0 0 0 rg BT 162.29 245.60 Td (the ) Tj ET Q q 0 0 0 rg BT 174.86 245.60 Td (proportional ) Tj ET Q q 0 0 0 rg BT 218.56 245.60 Td (share ) Tj ET Q q 0 0 0 rg BT 240.02 245.60 Td (of ) Tj ET Q q 0 0 0 rg BT 248.14 245.60 Td (the ) Tj ET Q q 0 0 0 rg BT 260.70 245.60 Td (total ) Tj ET Q q 0 0 0 rg BT 277.27 245.60 Td (electricity ) Tj ET Q q 0 0 0 rg BT 312.06 245.60 Td (generation ) Tj ET Q q 0 0 0 rg BT 351.32 245.60 Td (attributable ) Tj ET Q q 0 0 0 rg BT 392.35 245.60 Td (to ) Tj ET Q q 0 0 0 rg BT 400.47 245.60 Td (Innergex, ) Tj ET Q q 0 0 0 rg BT 435.27 245.60 Td (including ) Tj ET Q q 0 0 0 rg BT 468.30 245.60 Td (production ) Tj ET Q q 0 0 0 rg BT 507.10 245.60 Td (from ) Tj ET Q q 0 0 0 rg BT 524.55 245.60 Td (facilities ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 236.00 Td (that ) Tj ET Q q 0 0 0 rg BT 83.57 236.00 Td (are ) Tj ET Q q 0 0 0 rg BT 97.35 236.00 Td (accounted ) Tj ET Q q 0 0 0 rg BT 136.49 236.00 Td (for ) Tj ET Q q 0 0 0 rg BT 148.05 236.00 Td (using ) Tj ET Q q 0 0 0 rg BT 169.40 236.00 Td (the ) Tj ET Q q 0 0 0 rg BT 182.74 236.00 Td (equity ) Tj ET Q q 0 0 0 rg BT 206.31 236.00 Td (method, ) Tj ET Q q 0 0 0 rg BT 237.44 236.00 Td (based ) Tj ET Q q 0 0 0 rg BT 261.46 236.00 Td (on ) Tj ET Q q 0 0 0 rg BT 272.58 236.00 Td (its ) Tj ET Q q 0 0 0 rg BT 282.80 236.00 Td (ownership ) Tj ET Q q 0 0 0 rg BT 321.49 236.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 349.95 236.00 Td (in ) Tj ET Q q 0 0 0 rg BT 358.40 236.00 Td (the ) Tj ET Q q 0 0 0 rg BT 371.74 236.00 Td (facilities. ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 59.00 226.40 Td (3. ) Tj ET Q q 0 0 0 rg BT 67.89 226.40 Td (Solar ) Tj ET Q q 0 0 0 rg BT 88.79 226.40 Td (farm ) Tj ET Q q 0 0 0 rg BT 107.02 226.40 Td (L) Tj ET Q q 0 0 0 rg BT 110.87 226.40 Td (T) Tj ET Q q 0 0 0 rg BT 115.16 226.40 Td (A) Tj ET Q q 0 0 0 rg BT 120.06 226.40 Td ( ) Tj ET Q q 0 0 0 rg BT 122.28 226.40 Td (diminishes ) Tj ET Q q 0 0 0 rg BT 162.30 226.40 Td (over ) Tj ET Q q 0 0 0 rg BT 180.08 226.40 Td (time ) Tj ET Q q 0 0 0 rg BT 197.42 226.40 Td (due ) Tj ET Q q 0 0 0 rg BT 212.99 226.40 Td (to ) Tj ET Q q 0 0 0 rg BT 221.88 226.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 256.57 226.40 Td (solar ) Tj ET Q q 0 0 0 rg BT 276.14 226.40 Td (panel ) Tj ET Q q 0 0 0 rg BT 297.93 226.40 Td (degradation.) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.50 206.30 83.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 141.50 206.30 87.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 228.50 206.30 88.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 316.50 206.30 88.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 404.50 206.30 88.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 492.50 206.30 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 191.29999999999995 m 141.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 141.5 191.29999999999995 m 187.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 191.29999999999995 m 228.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 191.29999999999995 m 274.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 191.29999999999995 m 316.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 191.29999999999995 m 362.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 191.29999999999995 m 404.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 191.29999999999995 m 449.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 191.29999999999995 m 492.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 191.29999999999995 m 552.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 191.29999999999995 m 141.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 177.29999999999995 m 141.5 177.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 175.29999999999995 m 141.5 175.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 141.5 191.29999999999995 m 187.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 141.5 177.29999999999995 m 187.5 177.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 141.5 175.29999999999995 m 187.5 175.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 191.29999999999995 m 228.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 177.29999999999995 m 228.5 177.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 175.29999999999995 m 228.5 175.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 191.29999999999995 m 274.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 177.29999999999995 m 274.5 177.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 175.29999999999995 m 274.5 175.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 191.29999999999995 m 316.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 177.29999999999995 m 316.5 177.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 175.29999999999995 m 316.5 175.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 191.29999999999995 m 362.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 177.29999999999995 m 362.5 177.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 175.29999999999995 m 362.5 175.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 191.29999999999995 m 404.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 177.29999999999995 m 404.5 177.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 175.29999999999995 m 404.5 175.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 191.29999999999995 m 449.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 177.29999999999995 m 449.5 177.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 175.29999999999995 m 449.5 175.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 191.29999999999995 m 492.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 177.29999999999995 m 492.5 177.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 175.29999999999995 m 492.5 175.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 191.29999999999995 m 552.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 177.29999999999995 m 552.5 177.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 175.29999999999995 m 552.5 175.29999999999995 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 61.00 195.70 Td (Electricity) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 178.45 195.70 Td (Q1) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 265.95 195.70 Td (Q2) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 353.95 195.70 Td (Q3) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 441.95 195.70 Td (Q4) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 512.45 195.70 Td (Total) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 61.00 180.70 Td (Magpie \(hydro\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 160.45 180.70 Td (17.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 202.90 180.70 Td (9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 207.95 180.70 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 247.45 180.70 Td (54.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 285.90 180.70 Td (29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.95 180.70 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 335.45 180.70 Td (61.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.90 180.70 Td (33) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.95 180.70 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.45 180.70 Td (52.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.90 180.70 Td (28) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.95 180.70 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 180.70 Td (185.0) Tj ET Q BT /F2 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 59.00 167.20 Td (1. ) Tj ET Q q 0 0 0 rg BT 68.04 167.20 Td (The ) Tj ET Q q 0 0 0 rg BT 84.35 167.20 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 124.68 167.20 Td (of ) Tj ET Q q 0 0 0 rg BT 133.88 167.20 Td (the ) Tj ET Q q 0 0 0 rg BT 147.53 167.20 Td (Magpie ) Tj ET Q q 0 0 0 rg BT 176.30 167.20 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 224.18 167.20 Td (facility ) Tj ET Q q 0 0 0 rg BT 248.93 167.20 Td (was ) Tj ET Q q 0 0 0 rg BT 265.69 167.20 Td (concluded ) Tj ET Q q 0 0 0 rg BT 304.69 167.20 Td (on ) Tj ET Q q 0 0 0 rg BT 316.12 167.20 Td (July ) Tj ET Q q 0 0 0 rg BT 332.87 167.20 Td (25, ) Tj ET Q q 0 0 0 rg BT 346.52 167.20 Td (2013. ) Tj ET Q q 0 0 0 rg BT 369.07 167.20 Td (Please ) Tj ET Q q 0 0 0 rg BT 396.06 167.20 Td (refer ) Tj ET Q q 0 0 0 rg BT 415.04 167.20 Td (to ) Tj ET Q q 0 0 0 rg BT 424.24 167.20 Td (the ) Tj ET Q q 0 0 0 rg BT 437.89 167.20 Td ("Subsequent ) Tj ET Q q 0 0 0 rg BT 485.96 167.20 Td (Events" ) Tj ET Q q 0 0 0 rg BT 515.79 167.20 Td (section ) Tj ET Q q 0 0 0 rg BT 543.66 167.20 Td (for ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 157.60 Td (more ) Tj ET Q q 0 0 0 rg BT 88.45 157.60 Td (information.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 197.00 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 7) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.6 rg BT 59.00 680.80 Td (QUARTERL) Tj ET Q q 0.2 0.2 0.6 rg BT 119.10 680.80 Td (Y) Tj ET Q q 0.2 0.2 0.6 rg BT 126.24 680.80 Td ( UPDA) Tj ET Q q 0.2 0.2 0.6 rg BT 159.64 680.80 Td (TE) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 656.80 Td (During ) Tj ET Q q 0.2 0 0.6 rg BT 92.57 656.80 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 110.59 656.80 Td (second ) Tj ET Q q 0.2 0 0.6 rg BT 146.95 656.80 Td (quarter ) Tj ET Q q 0.2 0 0.6 rg BT 182.75 656.80 Td (ended ) Tj ET Q q 0.2 0 0.6 rg BT 214.68 656.80 Td (June30, ) Tj ET Q q 0.2 0 0.6 rg BT 257.16 656.80 Td (2013, ) Tj ET Q q 0.2 0 0.6 rg BT 286.30 656.80 Td (electricity ) Tj ET Q q 0.2 0 0.6 rg BT 332.09 656.80 Td (production ) Tj ET Q q 0.2 0 0.6 rg BT 382.90 656.80 Td (was ) Tj ET Q q 0.2 0 0.6 rg BT 404.80 656.80 Td (slightly ) Tj ET Q q 0.2 0 0.6 rg BT 439.48 656.80 Td (better ) Tj ET Q q 0.2 0 0.6 rg BT 469.17 656.80 Td (than ) Tj ET Q q 0.2 0 0.6 rg BT 492.75 656.80 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 510.77 656.80 Td (long-term ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 644.80 Td (average. ) Tj ET Q q 0.2 0 0.6 rg BT 103.03 644.80 Td (Revenues ) Tj ET Q q 0.2 0 0.6 rg BT 153.18 644.80 Td (increased ) Tj ET Q q 0.2 0 0.6 rg BT 201.66 644.80 Td (16% ) Tj ET Q q 0.2 0 0.6 rg BT 226.79 644.80 Td (to ) Tj ET Q q 0.2 0 0.6 rg BT 240.25 644.80 Td ($63.2million ) Tj ET Q q 0.2 0 0.6 rg BT 301.51 644.80 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 322.29 644.80 Td (Adjusted ) Tj ET Q q 0.2 0 0.6 rg BT 366.33 644.80 Td (EBITDA) Tj ET Q q 0.2 0 0.6 rg BT 401.89 644.80 Td ( ) Tj ET Q q 0.2 0 0.6 rg BT 407.01 644.80 Td (increased ) Tj ET Q q 0.2 0 0.6 rg BT 455.49 644.80 Td (15% ) Tj ET Q q 0.2 0 0.6 rg BT 480.62 644.80 Td (to ) Tj ET Q q 0.2 0 0.6 rg BT 494.08 644.80 Td ($51.3million, ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 632.80 Td (compared ) Tj ET Q q 0.2 0 0.6 rg BT 106.02 632.80 Td (with ) Tj ET Q q 0.2 0 0.6 rg BT 126.35 632.80 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 142.80 632.80 Td (second ) Tj ET Q q 0.2 0 0.6 rg BT 177.59 632.80 Td (quarter ) Tj ET Q q 0.2 0 0.6 rg BT 211.82 632.80 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 222.71 632.80 Td (2012, ) Tj ET Q q 0.2 0 0.6 rg BT 250.28 632.80 Td (due ) Tj ET Q q 0.2 0 0.6 rg BT 269.51 632.80 Td (mainly ) Tj ET Q q 0.2 0 0.6 rg BT 300.96 632.80 Td (to ) Tj ET Q q 0.2 0 0.6 rg BT 311.85 632.80 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 328.30 632.80 Td (addition ) Tj ET Q q 0.2 0 0.6 rg BT 365.87 632.80 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 376.76 632.80 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 393.21 632.80 Td (Stardale ) Tj ET Q q 0.2 0 0.6 rg BT 433.00 632.80 Td (solar ) Tj ET Q q 0.2 0 0.6 rg BT 457.23 632.80 Td (farm ) Tj ET Q q 0.2 0 0.6 rg BT 479.77 632.80 Td (in ) Tj ET Q q 0.2 0 0.6 rg BT 490.11 632.80 Td (May ) Tj ET Q q 0.2 0 0.6 rg BT 511.54 632.80 Td (2012, ) Tj ET Q q 0.2 0 0.6 rg BT 539.12 632.80 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 620.80 Td (addition ) Tj ET Q q 0.2 0 0.6 rg BT 97.08 620.80 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 108.46 620.80 Td (capacity ) Tj ET Q q 0.2 0 0.6 rg BT 148.19 620.80 Td (at ) Tj ET Q q 0.2 0 0.6 rg BT 159.58 620.80 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 176.53 620.80 Td (Gros-Morne ) Tj ET Q q 0.2 0 0.6 rg BT 232.92 620.80 Td (wind ) Tj ET Q q 0.2 0 0.6 rg BT 256.53 620.80 Td (farm ) Tj ET Q q 0.2 0 0.6 rg BT 279.58 620.80 Td (in ) Tj ET Q q 0.2 0 0.6 rg BT 290.41 620.80 Td (November ) Tj ET Q q 0.2 0 0.6 rg BT 339.59 620.80 Td (2012 ) Tj ET Q q 0.2 0 0.6 rg BT 364.88 620.80 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 384.61 620.80 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 401.56 620.80 Td (acquisition ) Tj ET Q q 0.2 0 0.6 rg BT 451.86 620.80 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 463.24 620.80 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 480.19 620.80 Td (Brown ) Tj ET Q q 0.2 0 0.6 rg BT 511.58 620.80 Td (Lake ) Tj ET Q q 0.2 0 0.6 rg BT 536.31 620.80 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 608.80 Td (Miller ) Tj ET Q q 0.2 0 0.6 rg BT 85.85 608.80 Td (Creek ) Tj ET Q q 0.2 0 0.6 rg BT 115.50 608.80 Td (hydroelectric ) Tj ET Q q 0.2 0 0.6 rg BT 175.16 608.80 Td (facilities ) Tj ET Q q 0.2 0 0.6 rg BT 213.69 608.80 Td (in ) Tj ET Q q 0.2 0 0.6 rg BT 224.44 608.80 Td (October ) Tj ET Q q 0.2 0 0.6 rg BT 262.98 608.80 Td (2012. ) Tj ET Q q 0.2 0 0.6 rg BT 290.38 608.80 Td (After ) Tj ET Q q 0.2 0 0.6 rg BT 314.47 608.80 Td (adjusting ) Tj ET Q q 0.2 0 0.6 rg BT 357.47 608.80 Td (for ) Tj ET Q q 0.2 0 0.6 rg BT 372.11 608.80 Td (a ) Tj ET Q q 0.2 0 0.6 rg BT 380.64 608.80 Td (realized ) Tj ET Q q 0.2 0 0.6 rg BT 418.62 608.80 Td (net ) Tj ET Q q 0.2 0 0.6 rg BT 435.49 608.80 Td (loss ) Tj ET Q q 0.2 0 0.6 rg BT 456.25 608.80 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 475.90 608.80 Td (an ) Tj ET Q q 0.2 0 0.6 rg BT 489.99 608.80 Td (unrealized ) Tj ET Q q 0.2 0 0.6 rg BT 539.10 608.80 Td (net ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 596.80 Td (gain ) Tj ET Q q 0.2 0 0.6 rg BT 80.27 596.80 Td (on ) Tj ET Q q 0.2 0 0.6 rg BT 93.75 596.80 Td (derivative ) Tj ET Q q 0.2 0 0.6 rg BT 138.91 596.80 Td (financial ) Tj ET Q q 0.2 0 0.6 rg BT 177.96 596.80 Td (instruments, ) Tj ET Q q 0.2 0 0.6 rg BT 234.78 596.80 Td (net ) Tj ET Q q 0.2 0 0.6 rg BT 251.04 596.80 Td (income ) Tj ET Q q 0.2 0 0.6 rg BT 285.64 596.80 Td (for ) Tj ET Q q 0.2 0 0.6 rg BT 299.67 596.80 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 315.93 596.80 Td (quarter ) Tj ET Q q 0.2 0 0.6 rg BT 349.98 596.80 Td (would ) Tj ET Q q 0.2 0 0.6 rg BT 378.46 596.80 Td (have ) Tj ET Q q 0.2 0 0.6 rg BT 402.51 596.80 Td (been ) Tj ET Q q 0.2 0 0.6 rg BT 427.12 596.80 Td ($13.2million, ) Tj ET Q q 0.2 0 0.6 rg BT 488.40 596.80 Td (compared ) Tj ET Q q 0.2 0 0.6 rg BT 535.23 596.80 Td (with ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 584.80 Td ($8.2million ) Tj ET Q q 0.2 0 0.6 rg BT 112.36 584.80 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 129.04 584.80 Td (previous ) Tj ET Q q 0.2 0 0.6 rg BT 169.62 584.80 Td (year) Tj ET Q q 0.2 0 0.6 rg BT 188.52 584.80 Td (, ) Tj ET Q q 0.2 0 0.6 rg BT 194.07 584.80 Td (for ) Tj ET Q q 0.2 0 0.6 rg BT 208.52 584.80 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 225.20 584.80 Td (reasons ) Tj ET Q q 0.2 0 0.6 rg BT 263.56 584.80 Td (mentioned ) Tj ET Q q 0.2 0 0.6 rg BT 313.03 584.80 Td (above.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.6 rg BT 59.00 560.80 Td (Highlights) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 59.50 550.30 234.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 293.50 550.30 130.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 423.50 550.30 130.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 59.50 535.30 234.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 293.50 535.30 65.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 358.50 535.30 65.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 423.50 535.30 65.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 488.50 535.30 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 293.50 520.30 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 423.50 520.30 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 293.50 507.30 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 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gs 293.50 444.30 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 423.50 444.30 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 293.50 431.30 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 423.50 431.30 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 293.50 418.30 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 423.50 418.30 65.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 520.3 m 358.5 520.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 520.3 m 423.5 520.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 520.3 m 488.5 520.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 520.3 m 553.5 520.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59.5 520.3 m 293.5 520.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 520.3 m 358.5 520.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 520.3 m 423.5 520.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 520.3 m 488.5 520.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 520.3 m 553.5 520.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59.5 455.3 m 293.5 455.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 455.3 m 358.5 455.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 455.3 m 423.5 455.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 455.3 m 488.5 455.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 455.3 m 553.5 455.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59.5 406.3 m 293.5 406.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59.5 404.3 m 293.5 404.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 406.3 m 358.5 406.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 404.3 m 358.5 404.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 406.3 m 423.5 406.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 404.3 m 423.5 404.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 406.3 m 488.5 406.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 404.3 m 488.5 404.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 406.3 m 553.5 406.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 404.3 m 553.5 404.3 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 330.20 539.70 Td (Three months) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 465.70 539.70 Td (Six months) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 62.00 524.70 Td (For the periods ended June 30) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 315.45 524.70 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 380.45 524.70 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 445.45 524.70 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 510.45 524.70 Td (2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 68.00 511.25 Td (Power generated \(MWh\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 310.45 511.25 Td (792,542) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.45 511.25 Td (694,662) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.95 511.25 Td (1,178,711) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.95 511.25 Td (1,013,996) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 68.00 498.25 Td (Operating revenues) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 315.45 498.25 Td (63,167) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.45 498.25 Td (54,360) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.45 498.25 Td (98,855) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.45 498.25 Td (82,429) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 68.00 485.25 Td (Adjusted EBITDA) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 315.45 485.25 Td (51,260) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.45 485.25 Td (44,604) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.45 485.25 Td (76,663) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.45 485.25 Td (62,893) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 68.00 472.25 Td (Net earnings \(loss\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 315.45 472.25 Td (31,039) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 377.45 472.25 Td (\(11,865) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.00 472.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.45 472.25 Td (30,861) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.45 472.25 Td (\(4,060) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.00 472.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 68.00 459.25 Td (Cash flows from operating activities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 315.45 459.25 Td (35,812) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.45 459.25 Td (22,595) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.45 459.25 Td (47,986) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.45 459.25 Td (32,019) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 68.00 435.25 Td (Dividends declared on preferred shares) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 320.45 435.25 Td (1,782) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.45 435.25 Td (1,063) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.45 435.25 Td (3,828) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 435.25 Td (2,125) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 68.00 422.25 Td (Dividends declared on common shares) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 315.45 422.25 Td (13,695) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.45 422.25 Td (11,786) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.45 422.25 Td (27,320) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.45 422.25 Td (23,572) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 409.25 Td (Dividends declared on common shares \($ per share\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 315.45 409.25 Td (0.1450) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.45 409.25 Td (0.1450) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.45 409.25 Td (0.2900) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.45 409.25 Td (0.2900) Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 383.00 Td (For ) Tj ET Q q 0 0 0 rg BT 74.67 383.00 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 89.35 383.00 Td (three- ) Tj ET Q q 0 0 0 rg BT 115.02 383.00 Td (and ) Tj ET Q q 0 0 0 rg BT 132.21 383.00 Td (six-month ) Tj ET Q q 0 0 0 rg BT 173.38 383.00 Td (periods ) Tj ET Q q 0 0 0 rg BT 205.07 383.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 232.26 383.00 Td (June ) Tj ET Q q 0 0 0 rg BT 253.95 383.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 268.62 383.00 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 288.65 383.00 Td (, ) Tj ET Q q 0 0 0 rg BT 293.31 383.00 Td (the ) Tj ET Q q 0 0 0 rg BT 307.99 383.00 Td (increases ) Tj ET Q q 0 0 0 rg BT 348.68 383.00 Td (in ) Tj ET Q q 0 0 0 rg BT 357.85 383.00 Td (the ) Tj ET Q q 0 0 0 rg BT 372.53 383.00 Td (power ) Tj ET Q q 0 0 0 rg BT 399.21 383.00 Td (generated ) Tj ET Q q 0 0 0 rg BT 441.91 383.00 Td (and ) Tj ET Q q 0 0 0 rg BT 459.09 383.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 498.79 383.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 537.98 383.00 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 372.20 Td (in ) Tj ET Q q 0 0 0 rg BT 67.90 372.20 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 105.28 372.20 Td (EBITDA, ) Tj ET Q q 0 0 0 rg BT 142.65 372.20 Td (which ) Tj ET Q q 0 0 0 rg BT 168.02 372.20 Td (is ) Tj ET Q q 0 0 0 rg BT 176.88 372.20 Td (detailed ) Tj ET Q q 0 0 0 rg BT 210.76 372.20 Td (in ) Tj ET Q q 0 0 0 rg BT 220.13 372.20 Td (the ) Tj ET Q q 0 0 0 rg BT 235.00 372.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 270.38 372.20 Td (results ) Tj ET Q q 0 0 0 rg BT 299.25 372.20 Td (table, ) Tj ET Q q 0 0 0 rg BT 323.62 372.20 Td (are ) Tj ET Q q 0 0 0 rg BT 338.99 372.20 Td (attributable ) Tj ET Q q 0 0 0 rg BT 385.88 372.20 Td (mainly ) Tj ET Q q 0 0 0 rg BT 414.25 372.20 Td (to ) Tj ET Q q 0 0 0 rg BT 424.11 372.20 Td (the ) Tj ET Q q 0 0 0 rg BT 438.98 372.20 Td (addition ) Tj ET Q q 0 0 0 rg BT 472.87 372.20 Td (of ) Tj ET Q q 0 0 0 rg BT 482.74 372.20 Td (the ) Tj ET Q q 0 0 0 rg BT 497.61 372.20 Td (Stardale ) Tj ET Q q 0 0 0 rg BT 533.49 372.20 Td (solar ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 361.40 Td (farm ) Tj ET Q q 0 0 0 rg BT 79.26 361.40 Td (in ) Tj ET Q q 0 0 0 rg BT 88.53 361.40 Td (May2012, ) Tj ET Q q 0 0 0 rg BT 132.82 361.40 Td ( ) Tj ET Q q 0 0 0 rg BT 135.08 361.40 Td (the ) Tj ET Q q 0 0 0 rg BT 149.85 361.40 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 194.64 361.40 Td (of ) Tj ET Q q 0 0 0 rg BT 204.41 361.40 Td (the ) Tj ET Q q 0 0 0 rg BT 219.18 361.40 Td (Brown ) Tj ET Q q 0 0 0 rg BT 246.95 361.40 Td (Lake ) Tj ET Q q 0 0 0 rg BT 268.73 361.40 Td (and ) Tj ET Q q 0 0 0 rg BT 286.01 361.40 Td (Miller ) Tj ET Q q 0 0 0 rg BT 309.77 361.40 Td (Creek ) Tj ET Q q 0 0 0 rg BT 336.04 361.40 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 389.32 361.40 Td (facilities ) Tj ET Q q 0 0 0 rg BT 423.60 361.40 Td (in ) Tj ET Q q 0 0 0 rg BT 432.86 361.40 Td (October ) Tj ET Q q 0 0 0 rg BT 467.14 361.40 Td (2012 ) Tj ET Q q 0 0 0 rg BT 489.42 361.40 Td (and ) Tj ET Q q 0 0 0 rg BT 506.70 361.40 Td (the ) Tj ET Q q 0 0 0 rg BT 521.47 361.40 Td (addition ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 350.60 Td (of ) Tj ET Q q 0 0 0 rg BT 69.01 350.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 104.52 350.60 Td (at ) Tj ET Q q 0 0 0 rg BT 114.53 350.60 Td (the ) Tj ET Q q 0 0 0 rg BT 129.54 350.60 Td (Gros-Morne ) Tj ET Q q 0 0 0 rg BT 180.05 350.60 Td (wind ) Tj ET Q q 0 0 0 rg BT 201.06 350.60 Td (farm ) Tj ET Q q 0 0 0 rg BT 221.56 350.60 Td (in ) Tj ET Q q 0 0 0 rg BT 231.07 350.60 Td (November ) Tj ET Q q 0 0 0 rg BT 275.08 350.60 Td (2012.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 329.00 Td (The ) Tj ET Q q 0 0 0 rg BT 77.26 329.00 Td (recognition ) Tj ET Q q 0 0 0 rg BT 124.03 329.00 Td (of ) Tj ET Q q 0 0 0 rg BT 134.29 329.00 Td (net ) Tj ET Q q 0 0 0 rg BT 149.55 329.00 Td (earnings ) Tj ET Q q 0 0 0 rg BT 186.82 329.00 Td (for ) Tj ET Q q 0 0 0 rg BT 200.07 329.00 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 215.33 329.00 Td (three- ) Tj ET Q q 0 0 0 rg BT 241.59 329.00 Td (and ) Tj ET Q q 0 0 0 rg BT 259.36 329.00 Td (six-month ) Tj ET Q q 0 0 0 rg BT 301.11 329.00 Td (periods ) Tj ET Q q 0 0 0 rg BT 333.38 329.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 361.16 329.00 Td (June ) Tj ET Q q 0 0 0 rg BT 383.42 329.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 398.68 329.00 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.70 329.00 Td (, ) Tj ET Q q 0 0 0 rg BT 423.95 329.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 466.72 329.00 Td (with ) Tj ET Q q 0 0 0 rg BT 485.47 329.00 Td (a ) Tj ET Q q 0 0 0 rg BT 493.23 329.00 Td (net ) Tj ET Q q 0 0 0 rg BT 508.49 329.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 527.24 329.00 Td (for ) Tj ET Q q 0 0 0 rg BT 540.49 329.00 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 318.20 Td (same ) Tj ET Q q 0 0 0 rg BT 84.07 318.20 Td (periods ) Tj ET Q q 0 0 0 rg BT 116.65 318.20 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 126.72 318.20 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 146.74 318.20 Td (, ) Tj ET Q q 0 0 0 rg BT 152.31 318.20 Td (is ) Tj ET Q q 0 0 0 rg BT 161.87 318.20 Td (attributable ) Tj ET Q q 0 0 0 rg BT 209.46 318.20 Td (to ) Tj ET Q q 0 0 0 rg BT 220.03 318.20 Td (the ) Tj ET Q q 0 0 0 rg BT 235.61 318.20 Td (reasons ) Tj ET Q q 0 0 0 rg BT 270.69 318.20 Td (mentioned ) Tj ET Q q 0 0 0 rg BT 315.78 318.20 Td (above ) Tj ET Q q 0 0 0 rg BT 343.37 318.20 Td (and ) Tj ET Q q 0 0 0 rg BT 361.45 318.20 Td (to ) Tj ET Q q 0 0 0 rg BT 372.02 318.20 Td (an ) Tj ET Q q 0 0 0 rg BT 385.09 318.20 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 429.68 318.20 Td (net ) Tj ET Q q 0 0 0 rg BT 445.26 318.20 Td (gain ) Tj ET Q q 0 0 0 rg BT 465.34 318.20 Td (on ) Tj ET Q q 0 0 0 rg BT 478.41 318.20 Td (derivative ) Tj ET Q q 0 0 0 rg BT 519.99 318.20 Td (financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 307.40 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 109.45 307.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 150.91 307.40 Td (with ) Tj ET Q q 0 0 0 rg BT 168.35 307.40 Td (an ) Tj ET Q q 0 0 0 rg BT 179.80 307.40 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 222.76 307.40 Td (net ) Tj ET Q q 0 0 0 rg BT 236.71 307.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 254.15 307.40 Td (on ) Tj ET Q q 0 0 0 rg BT 265.60 307.40 Td (derivative ) Tj ET Q q 0 0 0 rg BT 305.55 307.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 340.01 307.40 Td (instruments ) Tj ET Q q 0 0 0 rg BT 387.96 307.40 Td (in ) Tj ET Q q 0 0 0 rg BT 396.40 307.40 Td (the ) Tj ET Q q 0 0 0 rg BT 410.35 307.40 Td (same ) Tj ET Q q 0 0 0 rg BT 433.79 307.40 Td (periods ) Tj ET Q q 0 0 0 rg BT 464.75 307.40 Td (last ) Tj ET Q q 0 0 0 rg BT 480.19 307.40 Td (year) Tj ET Q q 0 0 0 rg BT 497.20 307.40 Td (. ) Tj ET Q q 0 0 0 rg BT 501.04 307.40 Td (The ) Tj ET Q q 0 0 0 rg BT 517.99 307.40 Td (following ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 296.60 Td (table ) Tj ET Q q 0 0 0 rg BT 81.00 296.60 Td (outlines ) Tj ET Q q 0 0 0 rg BT 114.51 296.60 Td (the ) Tj ET Q q 0 0 0 rg BT 129.51 296.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 158.51 296.60 Td (on ) Tj ET Q q 0 0 0 rg BT 171.01 296.60 Td (net ) Tj ET Q q 0 0 0 rg BT 186.01 296.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 223.02 296.60 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 247.51 296.60 Td (of ) Tj ET Q q 0 0 0 rg BT 257.50 296.60 Td (the ) Tj ET Q q 0 0 0 rg BT 272.50 296.60 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 316.52 296.60 Td (net ) Tj ET Q q 0 0 0 rg BT 331.52 296.60 Td (gain ) Tj ET Q q 0 0 0 rg BT 351.02 296.60 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 375.51 296.60 Td (on ) Tj ET Q q 0 0 0 rg BT 388.01 296.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 429.01 296.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 464.52 296.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 513.53 296.60 Td (as ) Tj ET Q q 0 0 0 rg BT 525.52 296.60 Td (well ) Tj ET Q q 0 0 0 rg BT 543.51 296.60 Td (as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 285.80 Td (a ) Tj ET Q q 0 0 0 rg BT 66.89 285.80 Td (realized ) Tj ET Q q 0 0 0 rg BT 101.29 285.80 Td (net ) Tj ET Q q 0 0 0 rg BT 116.68 285.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 135.56 285.80 Td (on ) Tj ET Q q 0 0 0 rg BT 148.46 285.80 Td (derivative ) Tj ET Q q 0 0 0 rg BT 189.86 285.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 225.76 285.80 Td (instruments ) Tj ET Q q 0 0 0 rg BT 275.16 285.80 Td (incurred ) Tj ET Q q 0 0 0 rg BT 310.55 285.80 Td (in ) Tj ET Q q 0 0 0 rg BT 320.44 285.80 Td (the ) Tj ET Q q 0 0 0 rg BT 335.83 285.80 Td (second ) Tj ET Q q 0 0 0 rg BT 367.73 285.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 399.13 285.80 Td (of ) Tj ET Q q 0 0 0 rg BT 409.52 285.80 Td (2013 ) Tj ET Q q 0 0 0 rg BT 432.42 285.80 Td (following ) Tj ET Q q 0 0 0 rg BT 470.32 285.80 Td (the ) Tj ET Q q 0 0 0 rg BT 485.71 285.80 Td (settlement ) Tj ET Q q 0 0 0 rg BT 530.12 285.80 Td (of ) Tj ET Q q 0 0 0 rg BT 540.50 285.80 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 275.00 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 102.01 275.00 Td (Stave ) Tj ET Q q 0 0 0 rg BT 127.53 275.00 Td (River ) Tj ET Q q 0 0 0 rg BT 151.03 275.00 Td (bond ) Tj ET Q q 0 0 0 rg BT 173.55 275.00 Td (forward ) Tj ET Q q 0 0 0 rg BT 206.06 275.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 245.08 275.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 267.60 275.00 Td (the ) Tj ET Q q 0 0 0 rg BT 282.61 275.00 Td (closing ) Tj ET Q q 0 0 0 rg BT 313.13 275.00 Td (of ) Tj ET Q q 0 0 0 rg BT 323.13 275.00 Td (the ) Tj ET Q q 0 0 0 rg BT 338.15 275.00 Td (long-term ) Tj ET Q q 0 0 0 rg BT 378.66 275.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 417.19 275.00 Td (for ) Tj ET Q q 0 0 0 rg BT 430.19 275.00 Td (this ) Tj ET Q q 0 0 0 rg BT 446.69 275.00 Td (project:) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 59.50 264.50 234.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 293.50 264.50 130.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 423.50 264.50 130.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 59.50 249.50 234.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 293.50 249.50 65.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 358.50 249.50 65.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 423.50 249.50 65.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 488.50 249.50 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 293.50 234.50 65.00 -14.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 423.50 234.50 65.00 -14.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 293.50 220.50 65.00 -23.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 423.50 220.50 65.00 -23.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 293.50 197.50 65.00 -24.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 423.50 197.50 65.00 -24.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 293.50 173.50 65.00 -38.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 423.50 173.50 65.00 -38.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 293.50 135.50 65.00 -14.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 423.50 135.50 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59.5 234.5 m 293.5 234.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 234.5 m 358.5 234.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 234.5 m 423.5 234.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 234.5 m 488.5 234.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 234.5 m 553.5 234.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 234.5 m 358.5 234.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 234.5 m 423.5 234.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 234.5 m 488.5 234.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 234.5 m 553.5 234.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 135.5 m 358.5 135.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 135.5 m 423.5 135.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 135.5 m 488.5 135.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 135.5 m 553.5 135.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59.5 135.5 m 293.5 135.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59.5 122.5 m 293.5 122.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59.5 120.5 m 293.5 120.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 135.5 m 358.5 135.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 122.5 m 358.5 122.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 120.5 m 358.5 120.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 135.5 m 423.5 135.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 122.5 m 423.5 122.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 120.5 m 423.5 120.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 135.5 m 488.5 135.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 122.5 m 488.5 122.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 120.5 m 488.5 120.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 135.5 m 553.5 135.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 122.5 m 553.5 122.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 120.5 m 553.5 120.5 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 330.20 253.90 Td (Three months) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 465.70 253.90 Td (Six months) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 62.00 238.90 Td (For the periods ended June 30) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 315.45 238.90 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 380.45 238.90 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 445.45 238.90 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 510.45 238.90 Td (2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 68.00 224.90 Td (Net earnings \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 321.45 224.90 Td (31,039) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.45 224.90 Td (\(11,865) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.00 224.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.45 224.90 Td (30,861) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.45 224.90 Td (\(4,060) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.00 224.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 210.90 Td (\(Subtract\) ) Tj ET Q q 0 0 0 rg BT 109.52 210.90 Td (Add: Unrealized net \(gain\) loss on derivative ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 201.90 Td (financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.45 201.90 Td (\(27,318) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.00 201.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.45 201.90 Td (27,105) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.45 201.90 Td (\(31,156) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.00 201.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.45 201.90 Td (7,006) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 186.90 Td (Add: Realized net loss on derivative financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 177.90 Td (instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.45 177.90 Td (3,259) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.00 177.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.45 177.90 Td (3,259) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.00 177.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 164.45 Td (Add \(Subtract\): Deferred provision for \(recovery of\) ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 155.45 Td (income taxes related to a realized net loss and an ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 146.45 Td (unrealized net \(gain\) loss on derivative financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 137.50 Td (instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.45 139.90 Td (6,255) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 388.45 139.90 Td (\(7,047) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.00 139.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.45 139.90 Td (7,253) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.45 139.90 Td (\(1,822) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.00 139.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 321.45 125.90 Td (13,235) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.45 125.90 Td (8,193) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.45 125.90 Td (10,217) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.45 125.90 Td (1,124) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 197.00 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 695.45 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 100.22 695.45 Td (the ) Tj ET Q q 0 0 0 rg BT 114.93 695.45 Td (realized ) Tj ET Q q 0 0 0 rg BT 148.64 695.45 Td (net ) Tj ET Q q 0 0 0 rg BT 163.34 695.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 181.54 695.45 Td (and ) Tj ET Q q 0 0 0 rg BT 198.76 695.45 Td (the ) Tj ET Q q 0 0 0 rg BT 213.46 695.45 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 257.19 695.45 Td (net ) Tj ET Q q 0 0 0 rg BT 271.89 695.45 Td (gain ) Tj ET Q q 0 0 0 rg BT 291.10 695.45 Td (on ) Tj ET Q q 0 0 0 rg BT 303.31 695.45 Td (derivative ) Tj ET Q q 0 0 0 rg BT 344.02 695.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 379.24 695.45 Td (instruments ) Tj ET Q q 0 0 0 rg BT 427.95 695.45 Td (and ) Tj ET Q q 0 0 0 rg BT 445.16 695.45 Td (the ) Tj ET Q q 0 0 0 rg BT 459.87 695.45 Td (related ) Tj ET Q q 0 0 0 rg BT 489.58 695.45 Td (net ) Tj ET Q q 0 0 0 rg BT 504.29 695.45 Td (provision ) Tj ET Q q 0 0 0 rg BT 542.50 695.45 Td (for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 684.65 Td (income ) Tj ET Q q 0 0 0 rg BT 90.90 684.65 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 117.80 684.65 Td (the ) Tj ET Q q 0 0 0 rg BT 133.20 684.65 Td (net ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 148.60 684.65 Td (earnings) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 183.12 684.65 Td ( ) Tj ET Q q 0 0 0 rg BT 186.01 684.65 Td (for ) Tj ET Q q 0 0 0 rg BT 199.40 684.65 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 214.80 684.65 Td (three-month ) Tj ET Q q 0 0 0 rg BT 266.21 684.65 Td (period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 291.23 684.65 Td ( ) Tj ET Q q 0 0 0 rg BT 294.12 684.65 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 322.03 684.65 Td (June30, ) Tj ET Q q 0 0 0 rg BT 359.45 684.65 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.47 684.65 Td (, ) Tj ET Q q 0 0 0 rg BT 384.86 684.65 Td (would ) Tj ET Q q 0 0 0 rg BT 411.26 684.65 Td (have ) Tj ET Q q 0 0 0 rg BT 433.66 684.65 Td (been ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.57 684.65 Td ($13.2million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.10 684.65 Td ( ) Tj ET Q q 0 0 0 rg BT 509.99 684.65 Td (\(compared ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 672.65 Td (with ) Tj ET Q q 0 0 0 rg BT 77.41 672.65 Td (net ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 92.33 672.65 Td (earnings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.85 672.65 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 129.25 672.65 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 139.17 672.65 Td ($8.2million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 184.69 672.65 Td ( ) Tj ET Q q 0 0 0 rg BT 187.09 672.65 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 196.50 672.65 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 216.53 672.65 Td (\), ) Tj ET Q q 0 0 0 rg BT 224.43 672.65 Td (while ) Tj ET Q q 0 0 0 rg BT 247.34 672.65 Td (net ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 262.26 672.65 Td (earnings) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 296.78 672.65 Td ( ) Tj ET Q q 0 0 0 rg BT 299.19 672.65 Td (for ) Tj ET Q q 0 0 0 rg BT 312.10 672.65 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.01 672.65 Td (six-month ) Tj ET Q q 0 0 0 rg BT 368.43 672.65 Td (period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.45 672.65 Td ( ) Tj ET Q q 0 0 0 rg BT 395.85 672.65 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.28 672.65 Td (June30, ) Tj ET Q q 0 0 0 rg BT 460.22 672.65 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.24 672.65 Td (, ) Tj ET Q q 0 0 0 rg BT 485.14 672.65 Td (would ) Tj ET Q q 0 0 0 rg BT 511.06 672.65 Td (have ) Tj ET Q q 0 0 0 rg BT 532.99 672.65 Td (been ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 661.85 Td ($10.2million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.53 661.85 Td ( ) Tj ET Q q 0 0 0 rg BT 112.76 661.85 Td (\(compared ) Tj ET Q q 0 0 0 rg BT 159.00 661.85 Td (with ) Tj ET Q q 0 0 0 rg BT 178.24 661.85 Td (net ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 193.97 661.85 Td (earnings) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 228.50 661.85 Td ( ) Tj ET Q q 0 0 0 rg BT 231.73 661.85 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.46 661.85 Td ($1.1million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 287.98 661.85 Td ( ) Tj ET Q q 0 0 0 rg BT 291.21 661.85 Td (in ) Tj ET Q q 0 0 0 rg BT 301.44 661.85 Td (2012\). ) Tj ET Q q 0 0 0 rg BT 329.98 661.85 Td (This ) Tj ET Q q 0 0 0 rg BT 350.21 661.85 Td (increase ) Tj ET Q q 0 0 0 rg BT 387.46 661.85 Td (is ) Tj ET Q q 0 0 0 rg BT 397.19 661.85 Td (due ) Tj ET Q q 0 0 0 rg BT 415.43 661.85 Td (mainly ) Tj ET Q q 0 0 0 rg BT 444.66 661.85 Td (to ) Tj ET Q q 0 0 0 rg BT 455.40 661.85 Td (the ) Tj ET Q q 0 0 0 rg BT 471.14 661.85 Td (increase ) Tj ET Q q 0 0 0 rg BT 508.38 661.85 Td (in ) Tj ET Q q 0 0 0 rg BT 517.98 661.85 Td (Adjusted ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 651.05 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 91.01 651.05 Td ( ) Tj ET Q q 0 0 0 rg BT 93.51 651.05 Td (during ) Tj ET Q q 0 0 0 rg BT 121.03 651.05 Td (the ) Tj ET Q q 0 0 0 rg BT 136.04 651.05 Td (second ) Tj ET Q q 0 0 0 rg BT 167.56 651.05 Td (quarter ) Tj ET Q q 0 0 0 rg BT 198.58 651.05 Td (and ) Tj ET Q q 0 0 0 rg BT 216.10 651.05 Td (the ) Tj ET Q q 0 0 0 rg BT 231.11 651.05 Td (six-month ) Tj ET Q q 0 0 0 rg BT 272.62 651.05 Td (period.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.6 rg BT 59.00 628.25 Td (Innergex ) Tj ET Q q 0.2 0.2 0.6 rg BT 103.46 628.25 Td (Partner ) Tj ET Q q 0.2 0.2 0.6 rg BT 140.88 628.25 Td (Allocated ) Tj ET Q q 0.2 0.2 0.6 rg BT 188.67 628.25 Td (150 ) Tj ET Q q 0.2 0.2 0.6 rg BT 208.13 628.25 Td (MW ) Tj ET Q q 0.2 0.2 0.6 rg BT 228.68 628.25 Td (for ) Tj ET Q q 0.2 0.2 0.6 rg BT 244.79 628.25 Td (a ) Tj ET Q q 0.2 0.2 0.6 rg BT 253.13 628.25 Td (W) Tj ET Q q 0.2 0.2 0.6 rg BT 262.48 628.25 Td (ind ) Tj ET Q q 0.2 0.2 0.6 rg BT 280.25 628.25 Td (Project) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 606.65 Td (On ) Tj ET Q q 0 0 0 rg BT 72.48 606.65 Td (May ) Tj ET Q q 0 0 0 rg BT 90.96 606.65 Td (10, ) Tj ET Q q 0 0 0 rg BT 104.94 606.65 Td (2013, ) Tj ET Q q 0 0 0 rg BT 128.94 606.65 Td (the ) Tj ET Q q 0 0 0 rg BT 142.92 606.65 Td (Mi'gmaq ) Tj ET Q q 0 0 0 rg BT 178.12 606.65 Td (communities ) Tj ET Q q 0 0 0 rg BT 230.11 606.65 Td (of ) Tj ET Q q 0 0 0 rg BT 239.09 606.65 Td (Quebec, ) Tj ET Q q 0 0 0 rg BT 274.59 606.65 Td (with ) Tj ET Q q 0 0 0 rg BT 292.07 606.65 Td (whom ) Tj ET Q q 0 0 0 rg BT 317.55 606.65 Td (the ) Tj ET Q q 0 0 0 rg BT 331.53 606.65 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 380.03 606.65 Td (has ) Tj ET Q q 0 0 0 rg BT 396.02 606.65 Td (a ) Tj ET Q q 0 0 0 rg BT 402.49 606.65 Td (partnership ) Tj ET Q q 0 0 0 rg BT 448.99 606.65 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 496.00 606.65 Td (were ) Tj ET Q q 0 0 0 rg BT 516.98 606.65 Td (allocated ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 595.85 Td (150MW ) Tj ET Q q 0 0 0 rg BT 94.65 595.85 Td (by ) Tj ET Q q 0 0 0 rg BT 106.30 595.85 Td (the ) Tj ET Q q 0 0 0 rg BT 120.96 595.85 Td (Quebec ) Tj ET Q q 0 0 0 rg BT 154.62 595.85 Td (government ) Tj ET Q q 0 0 0 rg BT 204.29 595.85 Td (for ) Tj ET Q q 0 0 0 rg BT 216.94 595.85 Td (a ) Tj ET Q q 0 0 0 rg BT 224.09 595.85 Td (wind ) Tj ET Q q 0 0 0 rg BT 244.74 595.85 Td (energy ) Tj ET Q q 0 0 0 rg BT 274.41 595.85 Td (project ) Tj ET Q q 0 0 0 rg BT 303.56 595.85 Td (in ) Tj ET Q q 0 0 0 rg BT 312.71 595.85 Td (the ) Tj ET Q q 0 0 0 rg BT 327.37 595.85 Td (Gasp ) Tj ET Q q 0 0 0 rg BT 356.03 595.85 Td (Peninsula. ) Tj ET Q q 0 0 0 rg BT 400.20 595.85 Td (Please ) Tj ET Q q 0 0 0 rg BT 429.86 595.85 Td (refer ) Tj ET Q q 0 0 0 rg BT 450.51 595.85 Td (to ) Tj ET Q q 0 0 0 rg BT 460.16 595.85 Td (Mesgi'g ) Tj ET Q q 0 0 0 rg BT 493.04 595.85 Td (Ugju's'n ) Tj ET Q q 0 0 0 rg BT 526.63 595.85 Td (\("MU"\) ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 585.05 Td (under ) Tj ET Q q 0 0 0 rg BT 84.52 585.05 Td ("Development ) Tj ET Q q 0 0 0 rg BT 143.24 585.05 Td (Projects" ) Tj ET Q q 0 0 0 rg BT 181.45 585.05 Td (for ) Tj ET Q q 0 0 0 rg BT 194.45 585.05 Td (more ) Tj ET Q q 0 0 0 rg BT 217.46 585.05 Td (information.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.6 rg BT 59.00 562.25 Td (Procurement ) Tj ET Q q 0.2 0.2 0.6 rg BT 123.46 562.25 Td (of ) Tj ET Q q 0.2 0.2 0.6 rg BT 135.68 562.25 Td (800 ) Tj ET Q q 0.2 0.2 0.6 rg BT 155.14 562.25 Td (MW ) Tj ET Q q 0.2 0.2 0.6 rg BT 175.69 562.25 Td (in ) Tj ET Q q 0.2 0.2 0.6 rg BT 187.35 562.25 Td (W) Tj ET Q q 0.2 0.2 0.6 rg BT 196.71 562.25 Td (ind ) Tj ET Q q 0.2 0.2 0.6 rg BT 214.48 562.25 Td (Energy ) Tj ET Q q 0.2 0.2 0.6 rg BT 251.16 562.25 Td (by ) Tj ET Q q 0.2 0.2 0.6 rg BT 265.61 562.25 Td (the ) Tj ET Q q 0.2 0.2 0.6 rg BT 283.38 562.25 Td (Quebec ) Tj ET Q q 0.2 0.2 0.6 rg BT 322.84 562.25 Td (Government) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 540.65 Td (Also ) Tj ET Q q 0 0 0 rg BT 78.70 540.65 Td (on ) Tj ET Q q 0 0 0 rg BT 90.91 540.65 Td (May ) Tj ET Q q 0 0 0 rg BT 110.10 540.65 Td (10, ) Tj ET Q q 0 0 0 rg BT 124.81 540.65 Td (2013, ) Tj ET Q q 0 0 0 rg BT 149.52 540.65 Td (the ) Tj ET Q q 0 0 0 rg BT 164.23 540.65 Td (Quebec ) Tj ET Q q 0 0 0 rg BT 197.94 540.65 Td (government ) Tj ET Q q 0 0 0 rg BT 247.67 540.65 Td (announced ) Tj ET Q q 0 0 0 rg BT 294.40 540.65 Td (the ) Tj ET Q q 0 0 0 rg BT 309.11 540.65 Td (procurement ) Tj ET Q q 0 0 0 rg BT 361.82 540.65 Td (of ) Tj ET Q q 0 0 0 rg BT 371.52 540.65 Td (800MW ) Tj ET Q q 0 0 0 rg BT 407.23 540.65 Td (in ) Tj ET Q q 0 0 0 rg BT 416.43 540.65 Td (new ) Tj ET Q q 0 0 0 rg BT 435.13 540.65 Td (wind ) Tj ET Q q 0 0 0 rg BT 455.83 540.65 Td (energy) Tj ET Q q 0 0 0 rg BT 482.68 540.65 Td (. ) Tj ET Q q 0 0 0 rg BT 487.38 540.65 Td (In ) Tj ET Q q 0 0 0 rg BT 497.08 540.65 Td (addition ) Tj ET Q q 0 0 0 rg BT 530.80 540.65 Td (to ) Tj ET Q q 0 0 0 rg BT 540.50 540.65 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 529.85 Td (150MW ) Tj ET Q q 0 0 0 rg BT 94.66 529.85 Td (awarded ) Tj ET Q q 0 0 0 rg BT 131.33 529.85 Td (to ) Tj ET Q q 0 0 0 rg BT 140.99 529.85 Td (the ) Tj ET Q q 0 0 0 rg BT 155.65 529.85 Td (Mi'gmaq ) Tj ET Q q 0 0 0 rg BT 191.53 529.85 Td (communities, ) Tj ET Q q 0 0 0 rg BT 246.70 529.85 Td (this ) Tj ET Q q 0 0 0 rg BT 262.86 529.85 Td (procurement ) Tj ET Q q 0 0 0 rg BT 315.53 529.85 Td (will ) Tj ET Q q 0 0 0 rg BT 330.18 529.85 Td (also ) Tj ET Q q 0 0 0 rg BT 348.84 529.85 Td (include ) Tj ET Q q 0 0 0 rg BT 379.52 529.85 Td (requests ) Tj ET Q q 0 0 0 rg BT 416.19 529.85 Td (for ) Tj ET Q q 0 0 0 rg BT 428.84 529.85 Td (proposals ) Tj ET Q q 0 0 0 rg BT 470.02 529.85 Td (for ) Tj ET Q q 0 0 0 rg BT 482.67 529.85 Td (450 ) Tj ET Q q 0 0 0 rg BT 499.84 529.85 Td (MW ) Tj ET Q q 0 0 0 rg BT 517.98 529.85 Td (targeting ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 519.05 Td (projects ) Tj ET Q q 0 0 0 rg BT 93.73 519.05 Td (initiated ) Tj ET Q q 0 0 0 rg BT 127.97 519.05 Td (by ) Tj ET Q q 0 0 0 rg BT 140.69 519.05 Td (local ) Tj ET Q q 0 0 0 rg BT 162.42 519.05 Td (communities ) Tj ET Q q 0 0 0 rg BT 216.15 519.05 Td (and ) Tj ET Q q 0 0 0 rg BT 234.38 519.05 Td (cooperatives ) Tj ET Q q 0 0 0 rg BT 288.63 519.05 Td (in ) Tj ET Q q 0 0 0 rg BT 298.85 519.05 Td (partnership ) Tj ET Q q 0 0 0 rg BT 347.10 519.05 Td (with ) Tj ET Q q 0 0 0 rg BT 366.32 519.05 Td (private ) Tj ET Q q 0 0 0 rg BT 396.55 519.05 Td (developers. ) Tj ET Q q 0 0 0 rg BT 446.30 519.05 Td (Innergex ) Tj ET Q q 0 0 0 rg BT 484.54 519.05 Td (has ) Tj ET Q q 0 0 0 rg BT 502.27 519.05 Td (several ) Tj ET Q q 0 0 0 rg BT 534.50 519.05 Td (wind ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 508.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 92.98 508.25 Td (in ) Tj ET Q q 0 0 0 rg BT 102.46 508.25 Td (Quebec ) Tj ET Q q 0 0 0 rg BT 136.45 508.25 Td (that ) Tj ET Q q 0 0 0 rg BT 153.93 508.25 Td (it ) Tj ET Q q 0 0 0 rg BT 160.90 508.25 Td (intends ) Tj ET Q q 0 0 0 rg BT 192.39 508.25 Td (to ) Tj ET Q q 0 0 0 rg BT 202.37 508.25 Td (submit ) Tj ET Q q 0 0 0 rg BT 231.34 508.25 Td (under ) Tj ET Q q 0 0 0 rg BT 256.83 508.25 Td (these ) Tj ET Q q 0 0 0 rg BT 281.32 508.25 Td (requests ) Tj ET Q q 0 0 0 rg BT 318.31 508.25 Td (for ) Tj ET Q q 0 0 0 rg BT 331.28 508.25 Td (proposals. ) Tj ET Q q 0 0 0 rg BT 375.11 508.25 Td (The ) Tj ET Q q 0 0 0 rg BT 393.09 508.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 442.59 508.25 Td (is ) Tj ET Q q 0 0 0 rg BT 451.56 508.25 Td (awaiting ) Tj ET Q q 0 0 0 rg BT 487.05 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.03 508.25 Td (details ) Tj ET Q q 0 0 0 rg BT 530.51 508.25 Td (of ) Tj ET Q q 0 0 0 rg BT 540.49 508.25 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 497.45 Td (Quebec ) Tj ET Q q 0 0 0 rg BT 93.02 497.45 Td (government's ) Tj ET Q q 0 0 0 rg BT 149.27 497.45 Td (announcement ) Tj ET Q q 0 0 0 rg BT 211.31 497.45 Td (before ) Tj ET Q q 0 0 0 rg BT 239.33 497.45 Td (proceeding.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.6 rg BT 59.00 474.65 Td (Closing ) Tj ET Q q 0.2 0.2 0.6 rg BT 98.44 474.65 Td (of ) Tj ET Q q 0.2 0.2 0.6 rg BT 110.66 474.65 Td (Northwest ) Tj ET Q q 0.2 0.2 0.6 rg BT 162.33 474.65 Td (Stave ) Tj ET Q q 0.2 0.2 0.6 rg BT 191.79 474.65 Td (River ) Tj ET Q q 0.2 0.2 0.6 rg BT 219.59 474.65 Td (Hydroelectric ) Tj ET Q q 0.2 0.2 0.6 rg BT 286.28 474.65 Td (Project ) Tj ET Q q 0.2 0.2 0.6 rg BT 322.96 474.65 Td (Financing) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 453.05 Td (On ) Tj ET Q q 0 0 0 rg BT 72.64 453.05 Td (May ) Tj ET Q q 0 0 0 rg BT 91.27 453.05 Td (23, ) Tj ET Q q 0 0 0 rg BT 105.42 453.05 Td (2013, ) Tj ET Q q 0 0 0 rg BT 129.57 453.05 Td (the ) Tj ET Q q 0 0 0 rg BT 143.71 453.05 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 192.37 453.05 Td (closed ) Tj ET Q q 0 0 0 rg BT 220.02 453.05 Td (a ) Tj ET Q q 0 0 0 rg BT 226.66 453.05 Td ($72.0million ) Tj ET Q q 0 0 0 rg BT 278.82 453.05 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 333.48 453.05 Td (construction ) Tj ET Q q 0 0 0 rg BT 383.64 453.05 Td (and ) Tj ET Q q 0 0 0 rg BT 400.29 453.05 Td (term ) Tj ET Q q 0 0 0 rg BT 419.92 453.05 Td (project ) Tj ET Q q 0 0 0 rg BT 448.56 453.05 Td (financing ) Tj ET Q q 0 0 0 rg BT 486.22 453.05 Td (for ) Tj ET Q q 0 0 0 rg BT 498.36 453.05 Td (the ) Tj ET Q q 0 0 0 rg BT 512.50 453.05 Td (Northwest ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 442.25 Td (Stave ) Tj ET Q q 0 0 0 rg BT 83.98 442.25 Td (River ) Tj ET Q q 0 0 0 rg BT 106.94 442.25 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 159.92 442.25 Td (project ) Tj ET Q q 0 0 0 rg BT 188.90 442.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 225.37 442.25 Td (under ) Tj ET Q q 0 0 0 rg BT 250.35 442.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 300.84 442.25 Td (in ) Tj ET Q q 0 0 0 rg BT 309.80 442.25 Td (British ) Tj ET Q q 0 0 0 rg BT 336.77 442.25 Td (Columbia. ) Tj ET Q q 0 0 0 rg BT 379.12 442.25 Td (The ) Tj ET Q q 0 0 0 rg BT 396.59 442.25 Td ($72.0million ) Tj ET Q q 0 0 0 rg BT 449.08 442.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 499.57 442.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 518.55 442.25 Td (will ) Tj ET Q q 0 0 0 rg BT 533.01 442.25 Td (carry ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 431.45 Td (a ) Tj ET Q q 0 0 0 rg BT 66.67 431.45 Td (fixed ) Tj ET Q q 0 0 0 rg BT 88.34 431.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 120.51 431.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 138.68 431.45 Td (of ) Tj ET Q q 0 0 0 rg BT 148.85 431.45 Td (5.3%; ) Tj ET Q q 0 0 0 rg BT 174.53 431.45 Td (upon ) Tj ET Q q 0 0 0 rg BT 197.21 431.45 Td (the ) Tj ET Q q 0 0 0 rg BT 212.38 431.45 Td (start ) Tj ET Q q 0 0 0 rg BT 232.55 431.45 Td (of ) Tj ET Q q 0 0 0 rg BT 242.72 431.45 Td (the ) Tj ET Q q 0 0 0 rg BT 257.89 431.45 Td (project's ) Tj ET Q q 0 0 0 rg BT 293.78 431.45 Td (commercial ) Tj ET Q q 0 0 0 rg BT 342.45 431.45 Td (operation, ) Tj ET Q q 0 0 0 rg BT 385.14 431.45 Td (it ) Tj ET Q q 0 0 0 rg BT 392.30 431.45 Td (will ) Tj ET Q q 0 0 0 rg BT 407.46 431.45 Td (convert ) Tj ET Q q 0 0 0 rg BT 439.64 431.45 Td (into ) Tj ET Q q 0 0 0 rg BT 456.81 431.45 Td (a ) Tj ET Q q 0 0 0 rg BT 464.48 431.45 Td (40-year ) Tj ET Q q 0 0 0 rg BT 497.65 431.45 Td (term ) Tj ET Q q 0 0 0 rg BT 518.32 431.45 Td (loan ) Tj ET Q q 0 0 0 rg BT 537.99 431.45 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 420.65 Td (the ) Tj ET Q q 0 0 0 rg BT 74.25 420.65 Td (principal ) Tj ET Q q 0 0 0 rg BT 110.50 420.65 Td (will ) Tj ET Q q 0 0 0 rg BT 125.73 420.65 Td (begin ) Tj ET Q q 0 0 0 rg BT 150.48 420.65 Td (to ) Tj ET Q q 0 0 0 rg BT 160.72 420.65 Td (be ) Tj ET Q q 0 0 0 rg BT 173.47 420.65 Td (amortized ) Tj ET Q q 0 0 0 rg BT 215.72 420.65 Td (over ) Tj ET Q q 0 0 0 rg BT 235.96 420.65 Td (a ) Tj ET Q q 0 0 0 rg BT 243.70 420.65 Td (35-year ) Tj ET Q q 0 0 0 rg BT 276.95 420.65 Td (period, ) Tj ET Q q 0 0 0 rg BT 307.20 420.65 Td (starting ) Tj ET Q q 0 0 0 rg BT 339.45 420.65 Td (in ) Tj ET Q q 0 0 0 rg BT 349.19 420.65 Td (the ) Tj ET Q q 0 0 0 rg BT 364.43 420.65 Td (sixth ) Tj ET Q q 0 0 0 rg BT 385.67 420.65 Td (year) Tj ET Q q 0 0 0 rg BT 402.68 420.65 Td (. ) Tj ET Q q 0 0 0 rg BT 407.74 420.65 Td (The ) Tj ET Q q 0 0 0 rg BT 425.98 420.65 Td (financing ) Tj ET Q q 0 0 0 rg BT 464.74 420.65 Td (has ) Tj ET Q q 0 0 0 rg BT 481.99 420.65 Td (been ) Tj ET Q q 0 0 0 rg BT 504.74 420.65 Td (arranged ) Tj ET Q q 0 0 0 rg BT 543.50 420.65 Td (by ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 409.85 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 97.99 409.85 Td (Alliance ) Tj ET Q q 0 0 0 rg BT 132.60 409.85 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 175.21 409.85 Td (and ) Tj ET Q q 0 0 0 rg BT 193.32 409.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 232.43 409.85 Td (Services ) Tj ET Q q 0 0 0 rg BT 270.02 409.85 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 287.62 409.85 Td (as ) Tj ET Q q 0 0 0 rg BT 300.21 409.85 Td (agent ) Tj ET Q q 0 0 0 rg BT 325.82 409.85 Td (and ) Tj ET Q q 0 0 0 rg BT 343.93 409.85 Td (lead ) Tj ET Q q 0 0 0 rg BT 364.03 409.85 Td (lender) Tj ET Q q 0 0 0 rg BT 388.56 409.85 Td (, ) Tj ET Q q 0 0 0 rg BT 394.15 409.85 Td (and ) Tj ET Q q 0 0 0 rg BT 412.25 409.85 Td (includes ) Tj ET Q q 0 0 0 rg BT 448.36 409.85 Td (Stonebridge ) Tj ET Q q 0 0 0 rg BT 499.99 409.85 Td (Infrastructure ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 399.05 Td (Debt ) Tj ET Q q 0 0 0 rg BT 80.51 399.05 Td (Fund ) Tj ET Q q 0 0 0 rg BT 103.53 399.05 Td (I ) Tj ET Q q 0 0 0 rg BT 108.53 399.05 Td (L.P) Tj ET Q q 0 0 0 rg BT 120.88 399.05 Td (. ) Tj ET Q q 0 0 0 rg BT 125.88 399.05 Td (as ) Tj ET Q q 0 0 0 rg BT 137.88 399.05 Td (lender) Tj ET Q q 0 0 0 rg BT 162.40 399.05 Td (. ) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.6 rg BT 59.00 376.25 Td (Replacement ) Tj ET Q q 0.2 0.2 0.6 rg BT 124.02 376.25 Td (of ) Tj ET Q q 0.2 0.2 0.6 rg BT 136.24 376.25 Td (the ) Tj ET Q q 0.2 0.2 0.6 rg BT 154.02 376.25 Td (Large ) Tj ET Q q 0.2 0.2 0.6 rg BT 184.03 376.25 Td (FIT ) Tj ET Q q 0.2 0.2 0.6 rg BT 201.43 376.25 Td (Application ) Tj ET Q q 0.2 0.2 0.6 rg BT 258.65 376.25 Td (Process ) Tj ET Q q 0.2 0.2 0.6 rg BT 300.35 376.25 Td (with ) Tj ET Q q 0.2 0.2 0.6 rg BT 323.12 376.25 Td (a ) Tj ET Q q 0.2 0.2 0.6 rg BT 331.46 376.25 Td (Competitive ) Tj ET Q q 0.2 0.2 0.6 rg BT 391.47 376.25 Td (Procurement ) Tj ET Q q 0.2 0.2 0.6 rg BT 455.93 376.25 Td (Process) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 rg /GS0 gs 59.00 361.20 496.51 -8.45 re f /GS0 gs q 0 0 0 rg BT 59.00 354.65 Td (On ) Tj ET Q q 0 0 0 rg BT 73.21 354.65 Td (June ) Tj ET Q q 0 0 0 rg BT 94.93 354.65 Td (12, ) Tj ET Q q 0 0 0 rg BT 109.65 354.65 Td (2013, ) Tj ET Q q 0 0 0 rg BT 134.38 354.65 Td (the ) Tj ET Q q 0 0 0 rg BT 149.09 354.65 Td (Ontario ) Tj ET Q q 0 0 0 rg BT 180.81 354.65 Td (government ) Tj ET Q q 0 0 0 rg BT 230.54 354.65 Td (announced ) Tj ET Q q 0 0 0 rg BT 277.29 354.65 Td (that ) Tj ET Q q 0 0 0 rg BT 294.51 354.65 Td (it ) Tj ET Q q 0 0 0 rg BT 301.21 354.65 Td (would ) Tj ET Q q 0 0 0 rg BT 326.93 354.65 Td (no ) Tj ET Q q 0 0 0 rg BT 339.15 354.65 Td (longer ) Tj ET Q q 0 0 0 rg BT 366.37 354.65 Td (procure ) Tj ET Q q 0 0 0 rg BT 399.09 354.65 Td (large ) Tj ET Q q 0 0 0 rg BT 421.31 354.65 Td (renewable ) Tj ET Q q 0 0 0 rg BT 465.04 354.65 Td (energy ) Tj ET Q q 0 0 0 rg BT 494.77 354.65 Td (capacity ) Tj ET Q q 0 0 0 rg BT 529.99 354.65 Td (under ) Tj ET Q BT /F3 9.00 Tf ET 1 1 1 rg /GS0 gs 59.00 350.40 496.50 -8.45 re f /GS0 gs q 0 0 0 rg BT 59.00 343.85 Td (the ) Tj ET Q q 0 0 0 rg BT 73.89 343.85 Td (FIT) Tj ET Q q 0 0 0 rg BT 87.22 343.85 Td ( ) Tj ET Q q 0 0 0 rg BT 89.59 343.85 Td (Program ) Tj ET Q q 0 0 0 rg BT 126.48 343.85 Td (for ) Tj ET Q q 0 0 0 rg BT 139.36 343.85 Td (large ) Tj ET Q q 0 0 0 rg BT 161.74 343.85 Td (FIT) Tj ET Q q 0 0 0 rg BT 175.08 343.85 Td ( ) Tj ET Q q 0 0 0 rg BT 177.45 343.85 Td (projects. ) Tj ET Q q 0 0 0 rg BT 213.84 343.85 Td (Instead, ) Tj ET Q q 0 0 0 rg BT 248.24 343.85 Td (it ) Tj ET Q q 0 0 0 rg BT 255.11 343.85 Td (will ) Tj ET Q q 0 0 0 rg BT 269.98 343.85 Td (seek ) Tj ET Q q 0 0 0 rg BT 291.37 343.85 Td (to ) Tj ET Q q 0 0 0 rg BT 301.25 343.85 Td (replace ) Tj ET Q q 0 0 0 rg BT 333.14 343.85 Td (it ) Tj ET Q q 0 0 0 rg BT 340.02 343.85 Td (with ) Tj ET Q q 0 0 0 rg BT 358.40 343.85 Td (a ) Tj ET Q q 0 0 0 rg BT 365.77 343.85 Td (competitive ) Tj ET Q q 0 0 0 rg BT 413.67 343.85 Td (process ) Tj ET Q q 0 0 0 rg BT 447.56 343.85 Td (in ) Tj ET Q q 0 0 0 rg BT 456.94 343.85 Td (which ) Tj ET Q q 0 0 0 rg BT 482.32 343.85 Td (it ) Tj ET Q q 0 0 0 rg BT 489.19 343.85 Td (plans ) Tj ET Q q 0 0 0 rg BT 513.08 343.85 Td (to ) Tj ET Q q 0 0 0 rg BT 522.96 343.85 Td (engage ) Tj ET Q BT /F3 9.00 Tf ET 1 1 1 rg /GS0 gs 59.00 339.60 496.51 -8.45 re f /GS0 gs q 0 0 0 rg BT 59.00 333.05 Td (with ) Tj ET Q q 0 0 0 rg BT 77.18 333.05 Td (municipalities ) Tj ET Q q 0 0 0 rg BT 133.37 333.05 Td (and ) Tj ET Q q 0 0 0 rg BT 150.56 333.05 Td (other ) Tj ET Q q 0 0 0 rg BT 173.24 333.05 Td (stakeholders, ) Tj ET Q q 0 0 0 rg BT 228.94 333.05 Td (such ) Tj ET Q q 0 0 0 rg BT 250.12 333.05 Td (as ) Tj ET Q q 0 0 0 rg BT 261.80 333.05 Td (First ) Tj ET Q q 0 0 0 rg BT 281.46 333.05 Td (Nations, ) Tj ET Q q 0 0 0 rg BT 316.65 333.05 Td (in ) Tj ET Q q 0 0 0 rg BT 325.83 333.05 Td ( ) Tj ET Q q 0 0 0 rg BT 328.00 333.05 Td (order ) Tj ET Q q 0 0 0 rg BT 351.18 333.05 Td (to ) Tj ET Q q 0 0 0 rg BT 360.86 333.05 Td (take ) Tj ET Q q 0 0 0 rg BT 380.04 333.05 Td (into ) Tj ET Q q 0 0 0 rg BT 396.72 333.05 Td (account ) Tj ET Q q 0 0 0 rg BT 430.41 333.05 Td (local ) Tj ET Q q 0 0 0 rg BT 451.09 333.05 Td (needs ) Tj ET Q q 0 0 0 rg BT 477.79 333.05 Td (and ) Tj ET Q q 0 0 0 rg BT 494.97 333.05 Td (considerations ) Tj ET Q BT /F3 9.00 Tf ET 1 1 1 rg /GS0 gs 59.00 328.80 496.50 -8.45 re f /GS0 gs q 0 0 0 rg BT 59.00 322.25 Td (when ) Tj ET Q q 0 0 0 rg BT 83.48 322.25 Td (awarding ) Tj ET Q q 0 0 0 rg BT 122.97 322.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 162.45 322.25 Td (for ) Tj ET Q q 0 0 0 rg BT 175.92 322.25 Td (future ) Tj ET Q q 0 0 0 rg BT 201.90 322.25 Td (renewable ) Tj ET Q q 0 0 0 rg BT 246.40 322.25 Td (energy ) Tj ET Q q 0 0 0 rg BT 276.88 322.25 Td (projects. ) Tj ET Q q 0 0 0 rg BT 313.28 322.25 Td (As ) Tj ET Q q 0 0 0 rg BT 326.75 322.25 Td (a ) Tj ET Q q 0 0 0 rg BT 334.72 322.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 362.19 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.67 322.25 Td (Ontario ) Tj ET Q q 0 0 0 rg BT 410.15 322.25 Td (Power ) Tj ET Q q 0 0 0 rg BT 438.04 322.25 Td (Authority ) Tj ET Q q 0 0 0 rg BT 476.52 322.25 Td (will ) Tj ET Q q 0 0 0 rg BT 491.99 322.25 Td (discontinue ) Tj ET Q q 0 0 0 rg BT 540.49 322.25 Td (the ) Tj ET Q BT /F3 9.00 Tf ET 1 1 1 rg /GS0 gs 59.00 318.00 496.49 -8.45 re f /GS0 gs q 0 0 0 rg BT 59.00 311.45 Td (previously ) Tj ET Q q 0 0 0 rg BT 101.97 311.45 Td (submitted ) Tj ET Q q 0 0 0 rg BT 143.43 311.45 Td (Large ) Tj ET Q q 0 0 0 rg BT 168.90 311.45 Td (FIT) Tj ET Q q 0 0 0 rg BT 182.23 311.45 Td ( ) Tj ET Q q 0 0 0 rg BT 184.68 311.45 Td (project ) Tj ET Q q 0 0 0 rg BT 214.14 311.45 Td (applications ) Tj ET Q q 0 0 0 rg BT 264.12 311.45 Td (for ) Tj ET Q q 0 0 0 rg BT 277.07 311.45 Td (which ) Tj ET Q q 0 0 0 rg BT 302.53 311.45 Td (no ) Tj ET Q q 0 0 0 rg BT 314.99 311.45 Td (contract ) Tj ET Q q 0 0 0 rg BT 349.45 311.45 Td (has ) Tj ET Q q 0 0 0 rg BT 366.41 311.45 Td (been ) Tj ET Q q 0 0 0 rg BT 388.88 311.45 Td (awarded. ) Tj ET Q q 0 0 0 rg BT 428.35 311.45 Td ( ) Tj ET Q q 0 0 0 rg BT 430.64 311.45 Td (The ) Tj ET Q q 0 0 0 rg BT 448.59 311.45 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 498.07 311.45 Td (has ) Tj ET Q q 0 0 0 rg BT 515.02 311.45 Td (a ) Tj ET Q q 0 0 0 rg BT 522.48 311.45 Td (number ) Tj ET Q BT /F3 9.00 Tf ET 1 1 1 rg /GS0 gs 59.00 307.20 496.49 -8.45 re f /GS0 gs q 0 0 0 rg BT 59.00 300.65 Td (of ) Tj ET Q q 0 0 0 rg BT 68.52 300.65 Td (wind ) Tj ET Q q 0 0 0 rg BT 89.04 300.65 Td (and ) Tj ET Q q 0 0 0 rg BT 106.07 300.65 Td (solar ) Tj ET Q q 0 0 0 rg BT 127.59 300.65 Td (Prospective ) Tj ET Q q 0 0 0 rg BT 176.63 300.65 Td (Projects ) Tj ET Q q 0 0 0 rg BT 211.15 300.65 Td (that ) Tj ET Q q 0 0 0 rg BT 228.18 300.65 Td (it ) Tj ET Q q 0 0 0 rg BT 234.69 300.65 Td (continues ) Tj ET Q q 0 0 0 rg BT 275.23 300.65 Td (to ) Tj ET Q q 0 0 0 rg BT 284.75 300.65 Td (advance ) Tj ET Q q 0 0 0 rg BT 320.79 300.65 Td (in ) Tj ET Q q 0 0 0 rg BT 329.81 300.65 Td (preparation ) Tj ET Q q 0 0 0 rg BT 377.35 300.65 Td (for ) Tj ET Q q 0 0 0 rg BT 389.87 300.65 Td (submissions ) Tj ET Q q 0 0 0 rg BT 441.40 300.65 Td (under ) Tj ET Q q 0 0 0 rg BT 466.43 300.65 Td (this ) Tj ET Q q 0 0 0 rg BT 482.45 300.65 Td (future ) Tj ET Q q 0 0 0 rg BT 507.48 300.65 Td (competitive ) Tj ET Q BT /F3 9.00 Tf ET 1 1 1 rg /GS0 gs 59.00 296.40 51.02 -8.45 re f /GS0 gs q 0 0 0 rg BT 59.00 289.85 Td (bid ) Tj ET Q q 0 0 0 rg BT 73.51 289.85 Td (process. ) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.6 rg BT 59.00 267.05 Td (Extension ) Tj ET Q q 0.2 0.2 0.6 rg BT 109.57 267.05 Td (of ) Tj ET Q q 0.2 0.2 0.6 rg BT 121.78 267.05 Td (the ) Tj ET Q q 0.2 0.2 0.6 rg BT 139.56 267.05 Td (Revolving ) Tj ET Q q 0.2 0.2 0.6 rg BT 190.13 267.05 Td (T) Tj ET Q q 0.2 0.2 0.6 rg BT 195.49 267.05 Td (erm ) Tj ET Q q 0.2 0.2 0.6 rg BT 216.62 267.05 Td (Credit ) Tj ET Q q 0.2 0.2 0.6 rg BT 248.29 267.05 Td (Facility ) Tj ET Q q 0.2 0.2 0.6 rg BT 285.52 267.05 Td (to ) Tj ET Q q 0.2 0.2 0.6 rg BT 297.74 267.05 Td (2018) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 245.45 Td (On ) Tj ET Q q 0 0 0 rg BT 73.57 245.45 Td (June ) Tj ET Q q 0 0 0 rg BT 95.65 245.45 Td (17, ) Tj ET Q q 0 0 0 rg BT 110.72 245.45 Td (2013, ) Tj ET Q q 0 0 0 rg BT 135.81 245.45 Td (the ) Tj ET Q q 0 0 0 rg BT 150.88 245.45 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 200.47 245.45 Td (extended ) Tj ET Q q 0 0 0 rg BT 240.07 245.45 Td (its ) Tj ET Q q 0 0 0 rg BT 251.63 245.45 Td ($425 ) Tj ET Q q 0 0 0 rg BT 274.21 245.45 Td (million ) Tj ET Q q 0 0 0 rg BT 302.28 245.45 Td (revolving ) Tj ET Q q 0 0 0 rg BT 340.86 245.45 Td (term ) Tj ET Q q 0 0 0 rg BT 361.43 245.45 Td (credit ) Tj ET Q q 0 0 0 rg BT 386.00 245.45 Td (facility ) Tj ET Q q 0 0 0 rg BT 413.56 245.45 Td (with ) Tj ET Q q 0 0 0 rg BT 432.13 245.45 Td (a ) Tj ET Q q 0 0 0 rg BT 439.70 245.45 Td (new ) Tj ET Q q 0 0 0 rg BT 458.77 245.45 Td (five-year ) Tj ET Q q 0 0 0 rg BT 495.85 245.45 Td (term ) Tj ET Q q 0 0 0 rg BT 516.41 245.45 Td (ending ) Tj ET Q q 0 0 0 rg BT 546.00 245.45 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 234.65 Td (2018. ) Tj ET Q q 0 0 0 rg BT 84.70 234.65 Td (The ) Tj ET Q q 0 0 0 rg BT 103.60 234.65 Td (revolving ) Tj ET Q q 0 0 0 rg BT 143.02 234.65 Td (term ) Tj ET Q q 0 0 0 rg BT 164.42 234.65 Td (credit ) Tj ET Q q 0 0 0 rg BT 189.82 234.65 Td (facility ) Tj ET Q q 0 0 0 rg BT 218.23 234.65 Td (is ) Tj ET Q q 0 0 0 rg BT 228.12 234.65 Td (used ) Tj ET Q q 0 0 0 rg BT 251.04 234.65 Td (partly ) Tj ET Q q 0 0 0 rg BT 276.44 234.65 Td (to ) Tj ET Q q 0 0 0 rg BT 287.35 234.65 Td (finance ) Tj ET Q q 0 0 0 rg BT 319.77 234.65 Td (13 ) Tj ET Q q 0 0 0 rg BT 333.18 234.65 Td (of ) Tj ET Q q 0 0 0 rg BT 344.08 234.65 Td (the ) Tj ET Q q 0 0 0 rg BT 359.99 234.65 Td (Company's ) Tj ET Q q 0 0 0 rg BT 408.12 234.65 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 450.04 234.65 Td (unencumbered ) Tj ET Q q 0 0 0 rg BT 513.48 234.65 Td (Operating ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 223.85 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 97.10 223.85 Td (and ) Tj ET Q q 0 0 0 rg BT 115.21 223.85 Td (partly ) Tj ET Q q 0 0 0 rg BT 140.31 223.85 Td (to ) Tj ET Q q 0 0 0 rg BT 150.91 223.85 Td (provide ) Tj ET Q q 0 0 0 rg BT 183.52 223.85 Td (a ) Tj ET Q q 0 0 0 rg BT 191.62 223.85 Td (flexible ) Tj ET Q q 0 0 0 rg BT 222.72 223.85 Td (source ) Tj ET Q q 0 0 0 rg BT 252.83 223.85 Td (of ) Tj ET Q q 0 0 0 rg BT 263.43 223.85 Td (capital ) Tj ET Q q 0 0 0 rg BT 292.54 223.85 Td (to ) Tj ET Q q 0 0 0 rg BT 303.14 223.85 Td (fund ) Tj ET Q q 0 0 0 rg BT 323.75 223.85 Td (the ) Tj ET Q q 0 0 0 rg BT 339.35 223.85 Td (Company's ) Tj ET Q q 0 0 0 rg BT 387.18 223.85 Td (growth. ) Tj ET Q q 0 0 0 rg BT 419.58 223.85 Td (The ) Tj ET Q q 0 0 0 rg BT 438.19 223.85 Td (terms ) Tj ET Q q 0 0 0 rg BT 463.78 223.85 Td (and ) Tj ET Q q 0 0 0 rg BT 481.89 223.85 Td (conditions ) Tj ET Q q 0 0 0 rg BT 525.51 223.85 Td (remain ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 213.05 Td (unchanged ) Tj ET Q q 0 0 0 rg BT 106.54 213.05 Td (while ) Tj ET Q q 0 0 0 rg BT 130.04 213.05 Td (usage ) Tj ET Q q 0 0 0 rg BT 157.55 213.05 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 194.56 213.05 Td (is ) Tj ET Q q 0 0 0 rg BT 204.05 213.05 Td (enhanced. ) Tj ET Q q 0 0 0 rg BT 248.89 213.05 Td (The ) Tj ET Q q 0 0 0 rg BT 267.39 213.05 Td (banking ) Tj ET Q q 0 0 0 rg BT 301.91 213.05 Td (syndicate ) Tj ET Q q 0 0 0 rg BT 342.93 213.05 Td (for ) Tj ET Q q 0 0 0 rg BT 356.42 213.05 Td (the ) Tj ET Q q 0 0 0 rg BT 371.93 213.05 Td (facility ) Tj ET Q q 0 0 0 rg BT 399.93 213.05 Td (also ) Tj ET Q q 0 0 0 rg BT 419.43 213.05 Td (remains ) Tj ET Q q 0 0 0 rg BT 454.43 213.05 Td (unchanged ) Tj ET Q q 0 0 0 rg BT 501.97 213.05 Td (and ) Tj ET Q q 0 0 0 rg BT 519.98 213.05 Td (includes ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 202.25 Td (T) Tj ET Q q 0 0 0 rg BT 63.50 202.25 Td (oronto-Dominion ) Tj ET Q q 0 0 0 rg BT 132.48 202.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 155.45 202.25 Td (as ) Tj ET Q q 0 0 0 rg BT 167.40 202.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 225.37 202.25 Td (agent ) Tj ET Q q 0 0 0 rg BT 250.35 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 267.81 202.25 Td (lender) Tj ET Q q 0 0 0 rg BT 292.33 202.25 Td (, ) Tj ET Q q 0 0 0 rg BT 297.28 202.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 320.25 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 330.20 202.25 Td (Montreal ) Tj ET Q q 0 0 0 rg BT 367.67 202.25 Td (as ) Tj ET Q q 0 0 0 rg BT 379.63 202.25 Td (syndication ) Tj ET Q q 0 0 0 rg BT 427.10 202.25 Td (agent ) Tj ET Q q 0 0 0 rg BT 452.07 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 469.54 202.25 Td (lender ) Tj ET Q q 0 0 0 rg BT 497.01 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 514.48 202.25 Td (Canadian ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 191.45 Td (Imperial ) Tj ET Q q 0 0 0 rg BT 93.11 191.45 Td (Bank ) Tj ET Q q 0 0 0 rg BT 115.73 191.45 Td (of ) Tj ET Q q 0 0 0 rg BT 125.34 191.45 Td (Commerce, ) Tj ET Q q 0 0 0 rg BT 173.95 191.45 Td (Caisse ) Tj ET Q q 0 0 0 rg BT 203.56 191.45 Td (centrale ) Tj ET Q q 0 0 0 rg BT 237.68 191.45 Td (Desjardins, ) Tj ET Q q 0 0 0 rg BT 284.80 191.45 Td (National ) Tj ET Q q 0 0 0 rg BT 319.92 191.45 Td (Bank ) Tj ET Q q 0 0 0 rg BT 342.54 191.45 Td (of ) Tj ET Q q 0 0 0 rg BT 352.15 191.45 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 388.28 191.45 Td (Bank ) Tj ET Q q 0 0 0 rg BT 410.89 191.45 Td (of ) Tj ET Q q 0 0 0 rg BT 420.50 191.45 Td (Nova ) Tj ET Q q 0 0 0 rg BT 443.61 191.45 Td (Scotia ) Tj ET Q q 0 0 0 rg BT 470.73 191.45 Td (and ) Tj ET Q q 0 0 0 rg BT 487.85 191.45 Td (Laurentian ) Tj ET Q q 0 0 0 rg BT 532.49 191.45 Td (Bank ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 180.65 Td (of ) Tj ET Q q 0 0 0 rg BT 69.01 180.65 Td (Canada ) Tj ET Q q 0 0 0 rg BT 103.03 180.65 Td (as ) Tj ET Q q 0 0 0 rg BT 115.04 180.65 Td (additional ) Tj ET Q q 0 0 0 rg BT 156.07 180.65 Td (lenders. ) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0.6 rg BT 59.00 157.85 Td (Carleton ) Tj ET Q q 0 0 0.6 rg BT 102.34 157.85 Td (W) Tj ET Q q 0 0 0.6 rg BT 111.69 157.85 Td (ind ) Tj ET Q q 0 0 0.6 rg BT 129.46 157.85 Td (Farm ) Tj ET Q q 0 0 0.6 rg BT 156.70 157.85 Td (Refinancing) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 136.25 Td (On ) Tj ET Q q 0 0 0 rg BT 74.10 136.25 Td (June ) Tj ET Q q 0 0 0 rg BT 96.70 136.25 Td (26, ) Tj ET Q q 0 0 0 rg BT 112.31 136.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 137.92 136.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.52 136.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 203.64 136.25 Td (closed ) Tj ET Q q 0 0 0 rg BT 232.75 136.25 Td (a ) Tj ET Q q 0 0 0 rg BT 240.84 136.25 Td ($52.8 ) Tj ET Q q 0 0 0 rg BT 266.46 136.25 Td (million ) Tj ET Q q 0 0 0 rg BT 295.05 136.25 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 351.17 136.25 Td (term ) Tj ET Q q 0 0 0 rg BT 372.27 136.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 392.37 136.25 Td (to ) Tj ET Q q 0 0 0 rg BT 402.97 136.25 Td (refinance ) Tj ET Q q 0 0 0 rg BT 443.08 136.25 Td (its ) Tj ET Q q 0 0 0 rg BT 455.18 136.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 499.29 136.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 529.90 136.25 Td (of ) Tj ET Q q 0 0 0 rg BT 540.50 136.25 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 125.45 Td (Carleton ) Tj ET Q q 0 0 0 rg BT 95.20 125.45 Td (wind ) Tj ET Q q 0 0 0 rg BT 115.90 125.45 Td (farm, ) Tj ET Q q 0 0 0 rg BT 138.58 125.45 Td (located ) Tj ET Q q 0 0 0 rg BT 169.79 125.45 Td (in ) Tj ET Q q 0 0 0 rg BT 178.98 125.45 Td (Quebec, ) Tj ET Q q 0 0 0 rg BT 215.19 125.45 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 251.26 125.45 Td (The ) Tj ET Q q 0 0 0 rg BT 268.95 125.45 Td (term ) Tj ET Q q 0 0 0 rg BT 289.14 125.45 Td (loan ) Tj ET Q q 0 0 0 rg BT 308.34 125.45 Td (carries ) Tj ET Q q 0 0 0 rg BT 337.53 125.45 Td (a ) Tj ET Q q 0 0 0 rg BT 344.72 125.45 Td (fixed ) Tj ET Q q 0 0 0 rg BT 365.92 125.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 397.62 125.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 415.31 125.45 Td (of ) Tj ET Q q 0 0 0 rg BT 425.00 125.45 Td (5.6% ) Tj ET Q q 0 0 0 rg BT 447.70 125.45 Td (\(through ) Tj ET Q q 0 0 0 rg BT 483.41 125.45 Td (the ) Tj ET Q q 0 0 0 rg BT 498.11 125.45 Td (use ) Tj ET Q q 0 0 0 rg BT 514.80 125.45 Td (of ) Tj ET Q q 0 0 0 rg BT 524.49 125.45 Td (swaps\) ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 114.65 Td (and ) Tj ET Q q 0 0 0 rg BT 76.31 114.65 Td (the ) Tj ET Q q 0 0 0 rg BT 91.12 114.65 Td (principal ) Tj ET Q q 0 0 0 rg BT 126.94 114.65 Td (will ) Tj ET Q q 0 0 0 rg BT 141.73 114.65 Td (be ) Tj ET Q q 0 0 0 rg BT 154.04 114.65 Td (amortized ) Tj ET Q q 0 0 0 rg BT 195.86 114.65 Td (over ) Tj ET Q q 0 0 0 rg BT 215.66 114.65 Td (a ) Tj ET Q q 0 0 0 rg BT 222.96 114.65 Td (term ) Tj ET Q q 0 0 0 rg BT 243.26 114.65 Td (of ) Tj ET Q q 0 0 0 rg BT 253.07 114.65 Td (approximately ) Tj ET Q q 0 0 0 rg BT 311.39 114.65 Td (14 ) Tj ET Q q 0 0 0 rg BT 323.70 114.65 Td (years, ) Tj ET Q q 0 0 0 rg BT 350.50 114.65 Td (slightly ) Tj ET Q q 0 0 0 rg BT 380.31 114.65 Td (less ) Tj ET Q q 0 0 0 rg BT 398.62 114.65 Td (than ) Tj ET Q q 0 0 0 rg BT 418.43 114.65 Td (the ) Tj ET Q q 0 0 0 rg BT 433.24 114.65 Td (remaining ) Tj ET Q q 0 0 0 rg BT 475.06 114.65 Td (duration ) Tj ET Q q 0 0 0 rg BT 509.88 114.65 Td (of ) Tj ET Q q 0 0 0 rg BT 519.68 114.65 Td (the ) Tj ET Q q 0 0 0 rg BT 534.49 114.65 Td (wind ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 103.85 Td (farm's ) Tj ET Q q 0 0 0 rg BT 86.41 103.85 Td (first ) Tj ET Q q 0 0 0 rg BT 104.10 103.85 Td (power ) Tj ET Q q 0 0 0 rg BT 131.80 103.85 Td (purchase ) Tj ET Q q 0 0 0 rg BT 172.01 103.85 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 220.10 103.85 Td (Additional ) Tj ET Q q 0 0 0 rg BT 262.82 103.85 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 303.03 103.85 Td (from ) Tj ET Q q 0 0 0 rg BT 324.22 103.85 Td (the ) Tj ET Q q 0 0 0 rg BT 339.92 103.85 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 387.14 103.85 Td (of ) Tj ET Q q 0 0 0 rg BT 397.84 103.85 Td (approximately ) Tj ET Q q 0 0 0 rg BT 457.06 103.85 Td ($1) Tj ET Q q 0 0 0 rg BT 466.40 103.85 Td (1.7 ) Tj ET Q q 0 0 0 rg BT 482.10 103.85 Td (million ) Tj ET Q q 0 0 0 rg BT 510.80 103.85 Td (were ) Tj ET Q q 0 0 0 rg BT 533.49 103.85 Td (used ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 93.05 Td (essentially ) Tj ET Q q 0 0 0 rg BT 103.14 93.05 Td (to ) Tj ET Q q 0 0 0 rg BT 112.76 93.05 Td (reduce ) Tj ET Q q 0 0 0 rg BT 142.40 93.05 Td (drawdowns ) Tj ET Q q 0 0 0 rg BT 190.04 93.05 Td (on ) Tj ET Q q 0 0 0 rg BT 202.16 93.05 Td (the ) Tj ET Q q 0 0 0 rg BT 216.79 93.05 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 272.15 93.05 Td (revolving ) Tj ET Q q 0 0 0 rg BT 310.29 93.05 Td (term ) Tj ET Q q 0 0 0 rg BT 330.41 93.05 Td (credit ) Tj ET Q q 0 0 0 rg BT 354.53 93.05 Td (facility) Tj ET Q q 0 0 0 rg BT 378.87 93.05 Td (. ) Tj ET Q q 0 0 0 rg BT 383.35 93.05 Td (The ) Tj ET Q q 0 0 0 rg BT 400.97 93.05 Td (higher ) Tj ET Q q 0 0 0 rg BT 428.11 93.05 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 474.25 93.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 506.39 93.05 Td (results ) Tj ET Q q 0 0 0 rg BT 535.02 93.05 Td (from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.36 82.25 Td (wind ) Tj ET Q q 0 0 0 rg BT 95.72 82.25 Td (farm ) Tj ET Q q 0 0 0 rg BT 116.56 82.25 Td (performing ) Tj ET Q q 0 0 0 rg BT 162.43 82.25 Td (better ) Tj ET Q q 0 0 0 rg BT 188.29 82.25 Td (than ) Tj ET Q q 0 0 0 rg BT 208.65 82.25 Td (initially ) Tj ET Q q 0 0 0 rg BT 238.51 82.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 277.88 82.25 Td (by ) Tj ET Q q 0 0 0 rg BT 290.24 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.59 82.25 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 340.27 82.25 Td (The ) Tj ET Q q 0 0 0 rg BT 358.63 82.25 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 405.51 82.25 Td (as ) Tj ET Q q 0 0 0 rg BT 417.86 82.25 Td (well ) Tj ET Q q 0 0 0 rg BT 436.21 82.25 Td (as ) Tj ET Q q 0 0 0 rg BT 448.56 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 463.92 82.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 487.78 82.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 533.65 82.25 Td (to ) Tj ET Q q 0 0 0 rg BT 544.01 82.25 Td (fix ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 71.45 Td (the ) Tj ET Q q 0 0 0 rg BT 74.66 71.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 107.33 71.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 125.99 71.45 Td (have ) Tj ET Q q 0 0 0 rg BT 148.66 71.45 Td (been ) Tj ET Q q 0 0 0 rg BT 171.83 71.45 Td (provided ) Tj ET Q q 0 0 0 rg BT 209.51 71.45 Td (by ) Tj ET Q q 0 0 0 rg BT 222.17 71.45 Td (the ) Tj ET Q q 0 0 0 rg BT 237.83 71.45 Td (same ) Tj ET Q q 0 0 0 rg BT 262.99 71.45 Td (two ) Tj ET Q q 0 0 0 rg BT 280.15 71.45 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 315.32 71.45 Td (namely ) Tj ET Q q 0 0 0 rg BT 347.48 71.45 Td (Sumitomo ) Tj ET Q q 0 0 0 rg BT 391.15 71.45 Td (Mitsui ) Tj ET Q q 0 0 0 rg BT 417.80 71.45 Td (Banking ) Tj ET Q q 0 0 0 rg BT 453.48 71.45 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 503.66 71.45 Td (and ) Tj ET Q q 0 0 0 rg BT 521.83 71.45 Td (Bank ) Tj ET Q q 0 0 0 rg BT 545.49 71.45 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 60.65 Td (T) Tj ET Q q 0 0 0 rg BT 63.50 60.65 Td (okyo ) Tj ET Q q 0 0 0 rg BT 85.01 60.65 Td (Mitsubishi ) Tj ET Q q 0 0 0 rg BT 127.52 60.65 Td (UFJ ) Tj ET Q q 0 0 0 rg BT 146.52 60.65 Td (Canada. ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 197.00 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 9) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0.6 rg BT 59.00 694.75 Td (Recent ) Tj ET Q q 0 0 0.6 rg BT 95.12 694.75 Td (Increase ) Tj ET Q q 0 0 0.6 rg BT 138.49 694.75 Td (in ) Tj ET Q q 0 0 0.6 rg BT 150.15 694.75 Td (Long-T) Tj ET Q q 0 0 0.6 rg BT 183.28 694.75 Td (erm ) Tj ET Q q 0 0 0.6 rg BT 204.41 694.75 Td (Interest ) Tj ET Q q 0 0 0.6 rg BT 243.31 694.75 Td (Rates ) Tj ET Q q 0 0 0.6 rg BT 273.32 694.75 Td (and ) Tj ET Q q 0 0 0.6 rg BT 293.88 694.75 Td (Related ) Tj ET Q q 0 0 0.6 rg BT 332.78 694.75 Td (Risk ) Tj ET Q q 0 0 0.6 rg BT 356.68 694.75 Td (Exposure) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 673.15 Td (The ) Tj ET Q q 0 0 0 rg BT 76.93 673.15 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 126.37 673.15 Td (faces ) Tj ET Q q 0 0 0 rg BT 150.30 673.15 Td (interest ) Tj ET Q q 0 0 0 rg BT 182.23 673.15 Td (rate ) Tj ET Q q 0 0 0 rg BT 200.15 673.15 Td (and ) Tj ET Q q 0 0 0 rg BT 217.59 673.15 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 264.03 673.15 Td (risk ) Tj ET Q q 0 0 0 rg BT 280.45 673.15 Td (by ) Tj ET Q q 0 0 0 rg BT 292.37 673.15 Td (virtue ) Tj ET Q q 0 0 0 rg BT 316.80 673.15 Td (of ) Tj ET Q q 0 0 0 rg BT 326.72 673.15 Td (the ) Tj ET Q q 0 0 0 rg BT 341.65 673.15 Td (capital-intensive ) Tj ET Q q 0 0 0 rg BT 408.60 673.15 Td (nature ) Tj ET Q q 0 0 0 rg BT 436.54 673.15 Td (of ) Tj ET Q q 0 0 0 rg BT 446.46 673.15 Td (its ) Tj ET Q q 0 0 0 rg BT 457.88 673.15 Td (business ) Tj ET Q q 0 0 0 rg BT 495.82 673.15 Td (activities. ) Tj ET Q q 0 0 0 rg BT 535.24 673.15 Td ( ) Tj ET Q q 0 0 0 rg BT 537.50 673.15 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 662.35 Td (recent ) Tj ET Q q 0 0 0 rg BT 87.49 662.35 Td (increase ) Tj ET Q q 0 0 0 rg BT 124.98 662.35 Td (in ) Tj ET Q q 0 0 0 rg BT 135.45 662.35 Td (long-term ) Tj ET Q q 0 0 0 rg BT 176.94 662.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 209.92 662.35 Td (rates ) Tj ET Q q 0 0 0 rg BT 233.40 662.35 Td (has ) Tj ET Q q 0 0 0 rg BT 251.39 662.35 Td (little ) Tj ET Q q 0 0 0 rg BT 270.86 662.35 Td (impact ) Tj ET Q q 0 0 0 rg BT 300.84 662.35 Td (on ) Tj ET Q q 0 0 0 rg BT 314.33 662.35 Td (the ) Tj ET Q q 0 0 0 rg BT 330.31 662.35 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 387.03 662.35 Td (current ) Tj ET Q q 0 0 0 rg BT 418.51 662.35 Td (operating ) Tj ET Q q 0 0 0 rg BT 459.51 662.35 Td (performance, ) Tj ET Q q 0 0 0 rg BT 516.01 662.35 Td (since ) Tj ET Q q 0 0 0 rg BT 540.49 662.35 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 651.55 Td (project-level ) Tj ET Q q 0 0 0 rg BT 109.90 651.55 Td (debts ) Tj ET Q q 0 0 0 rg BT 134.29 651.55 Td (and ) Tj ET Q q 0 0 0 rg BT 151.68 651.55 Td (most ) Tj ET Q q 0 0 0 rg BT 173.56 651.55 Td (of ) Tj ET Q q 0 0 0 rg BT 183.44 651.55 Td (its ) Tj ET Q q 0 0 0 rg BT 194.82 651.55 Td (revolving ) Tj ET Q q 0 0 0 rg BT 233.21 651.55 Td (term ) Tj ET Q q 0 0 0 rg BT 253.59 651.55 Td (credit ) Tj ET Q q 0 0 0 rg BT 277.97 651.55 Td (facility ) Tj ET Q q 0 0 0 rg BT 305.35 651.55 Td (have ) Tj ET Q q 0 0 0 rg BT 327.24 651.55 Td (fixed ) Tj ET Q q 0 0 0 rg BT 348.63 651.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 380.52 651.55 Td (rates ) Tj ET Q q 0 0 0 rg BT 402.90 651.55 Td (and ) Tj ET Q q 0 0 0 rg BT 420.30 651.55 Td (therefore ) Tj ET Q q 0 0 0 rg BT 458.69 651.55 Td (fixed ) Tj ET Q q 0 0 0 rg BT 480.08 651.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 511.97 651.55 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 555.50 651.55 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 640.75 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 112.99 640.75 Td (the ) Tj ET Q q 0 0 0 rg BT 127.49 640.75 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 182.71 640.75 Td (three ) Tj ET Q q 0 0 0 rg BT 205.20 640.75 Td (projects ) Tj ET Q q 0 0 0 rg BT 238.70 640.75 Td (under ) Tj ET Q q 0 0 0 rg BT 263.70 640.75 Td (construction ) Tj ET Q q 0 0 0 rg BT 314.20 640.75 Td (\(Kwoiek ) Tj ET Q q 0 0 0 rg BT 348.19 640.75 Td (Creek, ) Tj ET Q q 0 0 0 rg BT 376.68 640.75 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 419.17 640.75 Td (Stave ) Tj ET Q q 0 0 0 rg BT 444.17 640.75 Td (River ) Tj ET Q q 0 0 0 rg BT 467.15 640.75 Td (and ) Tj ET Q q 0 0 0 rg BT 484.15 640.75 Td (V) Tj ET Q q 0 0 0 rg BT 489.99 640.75 Td (iger-Denonville\) ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 629.95 Td (already ) Tj ET Q q 0 0 0 rg BT 90.35 629.95 Td (have ) Tj ET Q q 0 0 0 rg BT 111.70 629.95 Td (project-level ) Tj ET Q q 0 0 0 rg BT 162.06 629.95 Td (financing ) Tj ET Q q 0 0 0 rg BT 199.92 629.95 Td (in ) Tj ET Q q 0 0 0 rg BT 208.76 629.95 Td (place ) Tj ET Q q 0 0 0 rg BT 232.11 629.95 Td (with ) Tj ET Q q 0 0 0 rg BT 249.95 629.95 Td (fixed ) Tj ET Q q 0 0 0 rg BT 270.80 629.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 302.15 629.95 Td (rates. ) Tj ET Q q 0 0 0 rg BT 326.12 629.95 Td (As ) Tj ET Q q 0 0 0 rg BT 338.46 629.95 Td (at ) Tj ET Q q 0 0 0 rg BT 347.80 629.95 Td (June ) Tj ET Q q 0 0 0 rg BT 369.15 629.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 383.50 629.95 Td (2013, ) Tj ET Q q 0 0 0 rg BT 407.86 629.95 Td (96% ) Tj ET Q q 0 0 0 rg BT 427.71 629.95 Td (of ) Tj ET Q q 0 0 0 rg BT 437.05 629.95 Td (the ) Tj ET Q q 0 0 0 rg BT 451.39 629.95 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 506.47 629.95 Td (outstanding ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 619.15 Td (debt ) Tj ET Q q 0 0 0 rg BT 79.02 619.15 Td (was ) Tj ET Q q 0 0 0 rg BT 97.52 619.15 Td (fixed ) Tj ET Q q 0 0 0 rg BT 119.03 619.15 Td (or ) Tj ET Q q 0 0 0 rg BT 129.54 619.15 Td (hedged ) Tj ET Q q 0 0 0 rg BT 162.07 619.15 Td (against ) Tj ET Q q 0 0 0 rg BT 193.59 619.15 Td (interest ) Tj ET Q q 0 0 0 rg BT 225.61 619.15 Td (rate ) Tj ET Q q 0 0 0 rg BT 243.61 619.15 Td (fluctuations.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 597.55 Td (However) Tj ET Q q 0 0 0 rg BT 94.02 597.55 Td (, ) Tj ET Q q 0 0 0 rg BT 99.69 597.55 Td (the ) Tj ET Q q 0 0 0 rg BT 115.37 597.55 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 165.57 597.55 Td (currently ) Tj ET Q q 0 0 0 rg BT 203.25 597.55 Td (has ) Tj ET Q q 0 0 0 rg BT 220.93 597.55 Td (five ) Tj ET Q q 0 0 0 rg BT 238.11 597.55 Td (other ) Tj ET Q q 0 0 0 rg BT 261.80 597.55 Td (Development ) Tj ET Q q 0 0 0 rg BT 318.00 597.55 Td (Projects ) Tj ET Q q 0 0 0 rg BT 353.68 597.55 Td (for ) Tj ET Q q 0 0 0 rg BT 367.35 597.55 Td (which ) Tj ET Q q 0 0 0 rg BT 393.54 597.55 Td (project-level ) Tj ET Q q 0 0 0 rg BT 445.23 597.55 Td (financing ) Tj ET Q q 0 0 0 rg BT 484.43 597.55 Td (has ) Tj ET Q q 0 0 0 rg BT 502.11 597.55 Td (not ) Tj ET Q q 0 0 0 rg BT 517.79 597.55 Td (yet ) Tj ET Q q 0 0 0 rg BT 532.97 597.55 Td (been ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 586.75 Td (secured. ) Tj ET Q q 0 0 0 rg BT 96.01 586.75 Td (As ) Tj ET Q q 0 0 0 rg BT 109.62 586.75 Td (it ) Tj ET Q q 0 0 0 rg BT 117.23 586.75 Td (has ) Tj ET Q q 0 0 0 rg BT 134.85 586.75 Td (done ) Tj ET Q q 0 0 0 rg BT 157.97 586.75 Td (in ) Tj ET Q q 0 0 0 rg BT 168.09 586.75 Td (the ) Tj ET Q q 0 0 0 rg BT 183.71 586.75 Td (past, ) Tj ET Q q 0 0 0 rg BT 206.32 586.75 Td (the ) Tj ET Q q 0 0 0 rg BT 221.94 586.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 272.08 586.75 Td (will ) Tj ET Q q 0 0 0 rg BT 287.68 586.75 Td (seek ) Tj ET Q q 0 0 0 rg BT 309.80 586.75 Td (to ) Tj ET Q q 0 0 0 rg BT 320.41 586.75 Td (lock-in ) Tj ET Q q 0 0 0 rg BT 349.53 586.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 382.15 586.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 405.26 586.75 Td (for ) Tj ET Q q 0 0 0 rg BT 418.87 586.75 Td (their ) Tj ET Q q 0 0 0 rg BT 439.49 586.75 Td (financing ) Tj ET Q q 0 0 0 rg BT 478.62 586.75 Td (through ) Tj ET Q q 0 0 0 rg BT 512.26 586.75 Td (the ) Tj ET Q q 0 0 0 rg BT 527.87 586.75 Td (use ) Tj ET Q q 0 0 0 rg BT 545.49 586.75 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 575.95 Td (derivative ) Tj ET Q q 0 0 0 rg BT 99.66 575.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 134.82 575.95 Td (instruments ) Tj ET Q q 0 0 0 rg BT 183.47 575.95 Td (and ) Tj ET Q q 0 0 0 rg BT 200.63 575.95 Td (enter ) Tj ET Q q 0 0 0 rg BT 223.28 575.95 Td (into ) Tj ET Q q 0 0 0 rg BT 239.93 575.95 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 290.61 575.95 Td (with ) Tj ET Q q 0 0 0 rg BT 308.75 575.95 Td (potential ) Tj ET Q q 0 0 0 rg BT 344.92 575.95 Td (lenders ) Tj ET Q q 0 0 0 rg BT 376.57 575.95 Td (for ) Tj ET Q q 0 0 0 rg BT 389.22 575.95 Td (project-level ) Tj ET Q q 0 0 0 rg BT 439.88 575.95 Td (financing. ) Tj ET Q q 0 0 0 rg BT 480.54 575.95 Td (Until ) Tj ET Q q 0 0 0 rg BT 500.69 575.95 Td (then, ) Tj ET Q q 0 0 0 rg BT 522.84 575.95 Td (the ) Tj ET Q q 0 0 0 rg BT 537.49 575.95 Td (rate ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 565.15 Td (of ) Tj ET Q q 0 0 0 rg BT 69.61 565.15 Td (return ) Tj ET Q q 0 0 0 rg BT 96.23 565.15 Td (on ) Tj ET Q q 0 0 0 rg BT 109.35 565.15 Td (these ) Tj ET Q q 0 0 0 rg BT 134.47 565.15 Td (projects ) Tj ET Q q 0 0 0 rg BT 169.09 565.15 Td (could ) Tj ET Q q 0 0 0 rg BT 193.72 565.15 Td (be ) Tj ET Q q 0 0 0 rg BT 206.84 565.15 Td (adversely ) Tj ET Q q 0 0 0 rg BT 248.46 565.15 Td (af) Tj ET Q q 0 0 0 rg BT 255.80 565.15 Td (fected ) Tj ET Q q 0 0 0 rg BT 283.43 565.15 Td (by ) Tj ET Q q 0 0 0 rg BT 296.04 565.15 Td (higher ) Tj ET Q q 0 0 0 rg BT 324.17 565.15 Td (interest ) Tj ET Q q 0 0 0 rg BT 356.79 565.15 Td (rates. ) Tj ET Q q 0 0 0 rg BT 381.79 565.15 Td (At ) Tj ET Q q 0 0 0 rg BT 393.40 565.15 Td (this ) Tj ET Q q 0 0 0 rg BT 410.51 565.15 Td (time, ) Tj ET Q q 0 0 0 rg BT 433.12 565.15 Td (the ) Tj ET Q q 0 0 0 rg BT 448.74 565.15 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 498.87 565.15 Td (estimates ) Tj ET Q q 0 0 0 rg BT 540.49 565.15 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 554.35 Td (impact ) Tj ET Q q 0 0 0 rg BT 88.01 554.35 Td (of ) Tj ET Q q 0 0 0 rg BT 98.01 554.35 Td (the ) Tj ET Q q 0 0 0 rg BT 113.03 554.35 Td (recent ) Tj ET Q q 0 0 0 rg BT 140.54 554.35 Td (increase ) Tj ET Q q 0 0 0 rg BT 177.06 554.35 Td (in ) Tj ET Q q 0 0 0 rg BT 186.56 554.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 218.58 554.35 Td (rates ) Tj ET Q q 0 0 0 rg BT 241.09 554.35 Td (on ) Tj ET Q q 0 0 0 rg BT 253.60 554.35 Td (the ) Tj ET Q q 0 0 0 rg BT 268.61 554.35 Td (Development ) Tj ET Q q 0 0 0 rg BT 324.14 554.35 Td (Projects' ) Tj ET Q q 0 0 0 rg BT 360.87 554.35 Td (expected ) Tj ET Q q 0 0 0 rg BT 399.90 554.35 Td (rates ) Tj ET Q q 0 0 0 rg BT 422.41 554.35 Td (of ) Tj ET Q q 0 0 0 rg BT 432.41 554.35 Td (return ) Tj ET Q q 0 0 0 rg BT 458.42 554.35 Td (to ) Tj ET Q q 0 0 0 rg BT 468.43 554.35 Td (be ) Tj ET Q q 0 0 0 rg BT 480.94 554.35 Td (modest.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 531.55 Td (Projects ) Tj ET Q q 0 0 0 rg BT 94.39 531.55 Td (that ) Tj ET Q q 0 0 0 rg BT 112.29 531.55 Td (do ) Tj ET Q q 0 0 0 rg BT 125.18 531.55 Td (not ) Tj ET Q q 0 0 0 rg BT 140.57 531.55 Td (yet ) Tj ET Q q 0 0 0 rg BT 155.46 531.55 Td (have ) Tj ET Q q 0 0 0 rg BT 177.85 531.55 Td (a ) Tj ET Q q 0 0 0 rg BT 185.74 531.55 Td (power ) Tj ET Q q 0 0 0 rg BT 213.14 531.55 Td (purchase ) Tj ET Q q 0 0 0 rg BT 253.04 531.55 Td (agreement ) Tj ET Q q 0 0 0 rg BT 298.95 531.55 Td (will ) Tj ET Q q 0 0 0 rg BT 314.33 531.55 Td (reflect ) Tj ET Q q 0 0 0 rg BT 341.72 531.55 Td (higher ) Tj ET Q q 0 0 0 rg BT 369.62 531.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 402.01 531.55 Td (rate ) Tj ET Q q 0 0 0 rg BT 420.40 531.55 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 473.81 531.55 Td (in ) Tj ET Q q 0 0 0 rg BT 483.69 531.55 Td (their ) Tj ET Q q 0 0 0 rg BT 504.08 531.55 Td (modeling; ) Tj ET Q q 0 0 0 rg BT 545.99 531.55 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 520.75 Td (such ) Tj ET Q q 0 0 0 rg BT 80.51 520.75 Td (cases, ) Tj ET Q q 0 0 0 rg BT 109.02 520.75 Td (higher ) Tj ET Q q 0 0 0 rg BT 136.54 520.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 168.56 520.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 191.06 520.75 Td (are ) Tj ET Q q 0 0 0 rg BT 206.57 520.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 252.10 520.75 Td (with ) Tj ET Q q 0 0 0 rg BT 270.61 520.75 Td (the ) Tj ET Q q 0 0 0 rg BT 285.62 520.75 Td (possibility ) Tj ET Q q 0 0 0 rg BT 327.13 520.75 Td (of ) Tj ET Q q 0 0 0 rg BT 337.14 520.75 Td (higher ) Tj ET Q q 0 0 0 rg BT 364.66 520.75 Td (selling ) Tj ET Q q 0 0 0 rg BT 392.67 520.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 419.18 520.75 Td (for ) Tj ET Q q 0 0 0 rg BT 432.18 520.75 Td (electricity) Tj ET Q q 0 0 0 rg BT 469.02 520.75 Td (.) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 499.00 Td (DEVELOPMENT PROJECTS) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 477.40 Td (The ) Tj ET Q q 0 0 0 rg BT 76.34 477.40 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 125.19 477.40 Td (currently ) Tj ET Q q 0 0 0 rg BT 161.53 477.40 Td (has ) Tj ET Q q 0 0 0 rg BT 177.87 477.40 Td (eight ) Tj ET Q q 0 0 0 rg BT 199.22 477.40 Td (projects ) Tj ET Q q 0 0 0 rg BT 232.56 477.40 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 275.41 477.40 Td (North ) Tj ET Q q 0 0 0 rg BT 299.25 477.40 Td (Creek\) ) Tj ET Q q 0 0 0 rg BT 328.08 477.40 Td (that ) Tj ET Q q 0 0 0 rg BT 344.92 477.40 Td (are ) Tj ET Q q 0 0 0 rg BT 359.76 477.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 398.12 477.40 Td (to ) Tj ET Q q 0 0 0 rg BT 407.45 477.40 Td (reach ) Tj ET Q q 0 0 0 rg BT 431.79 477.40 Td (commercial ) Tj ET Q q 0 0 0 rg BT 479.63 477.40 Td (operation ) Tj ET Q q 0 0 0 rg BT 518.99 477.40 Td (between ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 466.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 81.52 466.60 Td (and ) Tj ET Q q 0 0 0 rg BT 99.04 466.60 Td (2017. ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 442.60 Td (PROJECTS UNDER CONSTRUCTION) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.50 432.10 83.00 -51.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 141.50 432.10 46.00 -51.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 187.50 432.10 39.00 -51.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 226.50 432.10 44.00 -51.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 270.50 432.10 42.00 -51.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 312.50 432.10 32.00 -51.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 344.50 432.10 92.00 -17.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 436.50 432.10 9.00 -17.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 445.50 432.10 107.00 -17.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 344.50 415.10 45.00 -34.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 389.50 415.10 9.00 -17.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 398.50 415.10 38.00 -34.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 436.50 415.10 9.00 -17.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 445.50 415.10 45.00 -34.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 490.50 415.10 9.00 -17.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 499.50 415.10 44.00 -34.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 543.50 415.10 9.00 -17.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 389.50 398.10 9.00 -17.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 436.50 398.10 9.00 -17.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 490.50 398.10 9.00 -17.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 543.50 398.10 9.00 -17.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 58.50 381.10 129.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 187.50 381.10 39.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 226.50 381.10 44.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 270.50 381.10 42.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 312.50 381.10 32.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 344.50 381.10 45.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 389.50 381.10 9.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 398.50 381.10 38.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 436.50 381.10 9.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 445.50 381.10 45.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 490.50 381.10 9.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 499.50 381.10 44.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 543.50 381.10 9.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 58.50 314.10 83.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 141.50 314.10 46.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 187.50 314.10 39.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 226.50 314.10 44.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 270.50 314.10 42.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 312.50 314.10 32.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 344.50 314.10 45.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 389.50 314.10 9.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 398.50 314.10 38.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 436.50 314.10 9.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 445.50 314.10 45.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 490.50 314.10 9.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 499.50 314.10 44.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 543.50 314.10 9.00 -15.00 re f /GS0 gs 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 415.1 m 389.5 415.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 415.1 m 398.5 415.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 415.1 m 436.5 415.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 415.1 m 490.5 415.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 415.1 m 499.5 415.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 415.1 m 543.5 415.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 543.5 415.1 m 552.5 415.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 381.1 m 141.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 141.5 381.1 m 187.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 381.1 m 226.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 381.1 m 270.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 381.1 m 312.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 381.1 m 344.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 381.1 m 389.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 381.1 m 398.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 381.1 m 436.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 381.1 m 445.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 381.1 m 490.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 381.1 m 499.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 381.1 m 543.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 543.5 381.1 m 552.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 287.1 m 141.5 287.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 285.1 m 141.5 285.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 141.5 287.1 m 187.5 287.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 141.5 285.1 m 187.5 285.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 287.1 m 226.5 287.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 285.1 m 226.5 285.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 287.1 m 270.5 287.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 285.1 m 270.5 285.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 287.1 m 312.5 287.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 285.1 m 312.5 285.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 287.1 m 344.5 287.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 285.1 m 344.5 285.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 287.1 m 389.5 287.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 285.1 m 389.5 285.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 287.1 m 398.5 287.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 285.1 m 398.5 285.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 287.1 m 436.5 287.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 285.1 m 436.5 285.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 287.1 m 445.5 287.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 285.1 m 445.5 285.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 287.1 m 490.5 287.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 285.1 m 490.5 285.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 287.1 m 499.5 287.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 285.1 m 499.5 285.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 287.1 m 543.5 287.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 285.1 m 543.5 285.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 543.5 287.1 m 552.5 287.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 543.5 285.1 m 552.5 285.1 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 68.10 408.58 Td (Project name and) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 85.70 400.58 Td (location) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 144.85 408.58 Td (Ownership) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 160.40 400.58 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 195.80 416.58 Td (Gross) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 191.80 408.58 Td (installed) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 191.80 400.58 Td (capacity) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 196.70 392.58 Td (\(MW\)) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 231.30 408.58 Td (Expected ) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 237.65 400.58 Td (COD) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 1 1 1 rg BT 255.43 404.39 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 280.30 416.58 Td (Gross) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 273.65 408.58 Td (estimated) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 284.45 400.58 Td (LTA) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 279.20 392.58 Td (\(GWh\)) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 320.50 412.58 Td (PPA) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 320.00 404.58 Td (term) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 315.55 396.58 Td (\(years\)) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 357.95 419.33 Td (Total project costs) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 464.90 419.33 Td (Expected year-one) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 347.25 400.08 Td (Estimated) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 1 1 1 rg BT 382.82 403.89 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 385.71 400.08 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 358.25 392.08 Td (\($M\)) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 407.85 406.78 Td (As at) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 401.65 398.78 Td (June 30,) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 408.10 390.78 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 408.75 382.83 Td (\($M\)) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 448.00 400.08 Td (Revenues) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 1 1 1 rg BT 484.02 403.89 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 486.92 400.08 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 459.25 392.08 Td (\($M\)) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 505.40 404.08 Td (Adjusted ) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 505.10 396.08 Td (EBITDA) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 1 1 1 rg BT 533.99 399.89 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 536.89 396.08 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 512.75 388.08 Td (\($M\)) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 61.00 371.30 Td (HYDRO \(British Columbia\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.00 357.05 Td (Kwoiek Creek) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 160.45 357.05 Td (50.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 199.45 357.05 Td (49.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 230.70 357.05 Td (Q4 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 280.45 357.05 Td (215.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 322.95 357.05 Td (40) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 363.45 357.05 Td (153.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.45 357.05 Td (136.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.45 357.05 Td (18.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.45 357.05 Td (14.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.00 344.05 Td (Northwest Stave) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 331.05 Td (River) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 155.45 331.05 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 199.45 331.05 Td (17.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 229.45 331.05 Td ( Q4 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 285.45 331.05 Td (61.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 322.95 331.05 Td (40) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.45 331.05 Td (91.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 415.45 331.05 Td (66.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.45 331.05 Td (7.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.45 331.05 Td (5.9) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 61.00 303.50 Td (WIND \(Qubec\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.00 290.05 Td (Viger-Denonville) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 160.45 290.05 Td (50.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 199.45 290.05 Td (24.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 230.70 290.05 Td (Q4 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 285.45 290.05 Td (67.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 322.95 290.05 Td (20) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.45 290.05 Td (36.6) Tj ET Q BT /F3 5.85 Tf ET q 0 0 0 rg BT 392.00 295.42 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 415.45 290.05 Td (17.3) Tj ET Q BT /F3 5.85 Tf ET q 0 0 0 rg BT 439.90 295.42 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.45 290.05 Td (5.2) Tj ET Q BT /F3 5.85 Tf ET q 0 0 0 rg BT 493.90 295.42 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.45 290.05 Td (4.2) Tj ET Q BT /F3 5.85 Tf ET q 0 0 0 rg BT 546.90 295.42 Td (3) Tj ET Q BT /F2 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 59.00 277.00 Td (1. ) Tj ET Q q 0 0 0 rg BT 67.89 277.00 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 112.79 277.00 Td (operation ) Tj ET Q q 0 0 0 rg BT 148.37 277.00 Td (date.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 59.00 267.40 Td (2. ) Tj ET Q q 0 0 0 rg BT 67.73 267.40 Td (This ) Tj ET Q q 0 0 0 rg BT 85.05 267.40 Td (information ) Tj ET Q q 0 0 0 rg BT 126.83 267.40 Td (is ) Tj ET Q q 0 0 0 rg BT 134.81 267.40 Td (intended ) Tj ET Q q 0 0 0 rg BT 167.71 267.40 Td (to ) Tj ET Q q 0 0 0 rg BT 176.59 267.40 Td (inform ) Tj ET Q q 0 0 0 rg BT 201.02 267.40 Td (the ) Tj ET Q q 0 0 0 rg BT 214.34 267.40 Td (reader ) Tj ET Q q 0 0 0 rg BT 239.67 267.40 Td (of ) Tj ET Q q 0 0 0 rg BT 248.55 267.40 Td (the ) Tj ET Q q 0 0 0 rg BT 261.87 267.40 Td (projects' ) Tj ET Q q 0 0 0 rg BT 293.61 267.40 Td (potential ) Tj ET Q q 0 0 0 rg BT 326.06 267.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 351.83 267.40 Td (on ) Tj ET Q q 0 0 0 rg BT 362.93 267.40 Td (the ) Tj ET Q q 0 0 0 rg BT 376.26 267.40 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 425.79 267.40 Td (results. ) Tj ET Q q 0 0 0 rg BT 453.64 267.40 Td (The ) Tj ET Q q 0 0 0 rg BT 469.63 267.40 Td (actual ) Tj ET Q q 0 0 0 rg BT 493.18 267.40 Td (results ) Tj ET Q q 0 0 0 rg BT 518.95 267.40 Td (may ) Tj ET Q q 0 0 0 rg BT 536.26 267.40 Td (vary) Tj ET Q q 0 0 0 rg BT 550.78 267.40 Td (. ) Tj ET Q q 0 0 0 rg BT 555.23 267.40 Td ( ) Tj ET Q q 0 0 0 rg BT 557.45 267.40 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 257.80 Td (Please ) Tj ET Q q 0 0 0 rg BT 94.68 257.80 Td (refer ) Tj ET Q q 0 0 0 rg BT 113.36 257.80 Td (to ) Tj ET Q q 0 0 0 rg BT 122.25 257.80 Td (the ) Tj ET Q q 0 0 0 rg BT 135.59 257.80 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 200.51 257.80 Td (Information ) Tj ET Q q 0 0 0 rg BT 245.41 257.80 Td (section ) Tj ET Q q 0 0 0 rg BT 272.98 257.80 Td (for ) Tj ET Q q 0 0 0 rg BT 284.54 257.80 Td (more ) Tj ET Q q 0 0 0 rg BT 304.99 257.80 Td (information.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 59.00 248.20 Td (3. ) Tj ET Q q 0 0 0 rg BT 67.89 248.20 Td (Corresponding ) Tj ET Q q 0 0 0 rg BT 122.59 248.20 Td (to ) Tj ET Q q 0 0 0 rg BT 131.49 248.20 Td (the ) Tj ET Q q 0 0 0 rg BT 144.83 248.20 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 194.38 248.20 Td (50% ) Tj ET Q q 0 0 0 rg BT 212.62 248.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 241.07 248.20 Td (in ) Tj ET Q q 0 0 0 rg BT 249.52 248.20 Td (this ) Tj ET Q q 0 0 0 rg BT 264.20 248.20 Td (project.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 226.60 Td (Hydro Projects) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 205.00 Td (Kwoiek ) Tj ET Q q 0 0 0 rg BT 93.01 205.00 Td (Creek) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 183.40 Td (The ) Tj ET Q q 0 0 0 rg BT 77.63 183.40 Td (construction ) Tj ET Q q 0 0 0 rg BT 129.27 183.40 Td (of ) Tj ET Q q 0 0 0 rg BT 139.90 183.40 Td (this ) Tj ET Q q 0 0 0 rg BT 157.03 183.40 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 211.17 183.40 Td (facility ) Tj ET Q q 0 0 0 rg BT 239.29 183.40 Td (began ) Tj ET Q q 0 0 0 rg BT 267.44 183.40 Td (in ) Tj ET Q q 0 0 0 rg BT 277.57 183.40 Td (the ) Tj ET Q q 0 0 0 rg BT 293.20 183.40 Td (last ) Tj ET Q q 0 0 0 rg BT 310.32 183.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 341.96 183.40 Td (of ) Tj ET Q q 0 0 0 rg BT 352.59 183.40 Td (201) Tj ET Q q 0 0 0 rg BT 366.94 183.40 Td (1. ) Tj ET Q q 0 0 0 rg BT 376.94 183.40 Td (At ) Tj ET Q q 0 0 0 rg BT 388.57 183.40 Td (the ) Tj ET Q q 0 0 0 rg BT 404.20 183.40 Td (date ) Tj ET Q q 0 0 0 rg BT 424.83 183.40 Td (of ) Tj ET Q q 0 0 0 rg BT 435.46 183.40 Td (this ) Tj ET Q q 0 0 0 rg BT 452.59 183.40 Td (MD&A, ) Tj ET Q q 0 0 0 rg BT 484.21 183.40 Td (installation ) Tj ET Q q 0 0 0 rg BT 529.86 183.40 Td (of ) Tj ET Q q 0 0 0 rg BT 540.48 183.40 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 172.60 Td (turbines ) Tj ET Q q 0 0 0 rg BT 93.47 172.60 Td (and ) Tj ET Q q 0 0 0 rg BT 110.94 172.60 Td (generators, ) Tj ET Q q 0 0 0 rg BT 158.91 172.60 Td (and ) Tj ET Q q 0 0 0 rg BT 176.38 172.60 Td (installation ) Tj ET Q q 0 0 0 rg BT 221.35 172.60 Td (of ) Tj ET Q q 0 0 0 rg BT 231.31 172.60 Td (electrical ) Tj ET Q q 0 0 0 rg BT 269.27 172.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 313.75 172.60 Td (in ) Tj ET Q q 0 0 0 rg BT 323.21 172.60 Td (the ) Tj ET Q q 0 0 0 rg BT 338.17 172.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 360.14 172.60 Td (substation ) Tj ET Q q 0 0 0 rg BT 403.61 172.60 Td (have ) Tj ET Q q 0 0 0 rg BT 425.58 172.60 Td (been ) Tj ET Q q 0 0 0 rg BT 448.05 172.60 Td (completed; ) Tj ET Q q 0 0 0 rg BT 494.53 172.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 545.50 172.60 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 161.80 Td (the ) Tj ET Q q 0 0 0 rg BT 75.13 161.80 Td (transmission ) Tj ET Q q 0 0 0 rg BT 129.27 161.80 Td (line ) Tj ET Q q 0 0 0 rg BT 146.91 161.80 Td (was ) Tj ET Q q 0 0 0 rg BT 166.54 161.80 Td (nearly ) Tj ET Q q 0 0 0 rg BT 194.67 161.80 Td (complete; ) Tj ET Q q 0 0 0 rg BT 237.31 161.80 Td (and ) Tj ET Q q 0 0 0 rg BT 255.95 161.80 Td (construction ) Tj ET Q q 0 0 0 rg BT 308.10 161.80 Td (of ) Tj ET Q q 0 0 0 rg BT 319.23 161.80 Td (the ) Tj ET Q q 0 0 0 rg BT 335.37 161.80 Td (intake, ) Tj ET Q q 0 0 0 rg BT 365.51 161.80 Td (installation ) Tj ET Q q 0 0 0 rg BT 411.66 161.80 Td (of ) Tj ET Q q 0 0 0 rg BT 422.78 161.80 Td (the ) Tj ET Q q 0 0 0 rg BT 438.92 161.80 Td (penstock ) Tj ET Q q 0 0 0 rg BT 478.56 161.80 Td (and ) Tj ET Q q 0 0 0 rg BT 497.20 161.80 Td (cabling ) Tj ET Q q 0 0 0 rg BT 529.35 161.80 Td (of ) Tj ET Q q 0 0 0 rg BT 540.48 161.80 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 151.00 Td (powerhouse ) Tj ET Q q 0 0 0 rg BT 110.53 151.00 Td (were ) Tj ET Q q 0 0 0 rg BT 132.54 151.00 Td (all ) Tj ET Q q 0 0 0 rg BT 144.05 151.00 Td (ongoing. ) Tj ET Q q 0 0 0 rg BT 180.92 151.00 Td (The ) Tj ET Q q 0 0 0 rg BT 198.93 151.00 Td (construction ) Tj ET Q q 0 0 0 rg BT 249.95 151.00 Td (of ) Tj ET Q q 0 0 0 rg BT 259.96 151.00 Td (this ) Tj ET Q q 0 0 0 rg BT 276.46 151.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 303.97 151.00 Td (is ) Tj ET Q q 0 0 0 rg BT 312.97 151.00 Td (progressing ) Tj ET Q q 0 0 0 rg BT 362.50 151.00 Td (as ) Tj ET Q q 0 0 0 rg BT 374.50 151.00 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 418.03 151.00 Td (and ) Tj ET Q q 0 0 0 rg BT 435.55 151.00 Td (budgeted.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 129.40 Td (Northwest Stave River ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 107.80 Td (The ) Tj ET Q q 0 0 0 rg BT 77.71 107.80 Td (construction ) Tj ET Q q 0 0 0 rg BT 129.44 107.80 Td (of ) Tj ET Q q 0 0 0 rg BT 140.15 107.80 Td (this ) Tj ET Q q 0 0 0 rg BT 157.35 107.80 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 211.58 107.80 Td (facility ) Tj ET Q q 0 0 0 rg BT 239.79 107.80 Td (began ) Tj ET Q q 0 0 0 rg BT 268.01 107.80 Td (in ) Tj ET Q q 0 0 0 rg BT 278.22 107.80 Td (the ) Tj ET Q q 0 0 0 rg BT 293.94 107.80 Td (last ) Tj ET Q q 0 0 0 rg BT 311.14 107.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 342.86 107.80 Td (of ) Tj ET Q q 0 0 0 rg BT 353.57 107.80 Td (201) Tj ET Q q 0 0 0 rg BT 367.92 107.80 Td (1. ) Tj ET Q q 0 0 0 rg BT 377.99 107.80 Td (At ) Tj ET Q q 0 0 0 rg BT 389.70 107.80 Td (the ) Tj ET Q q 0 0 0 rg BT 405.41 107.80 Td (date ) Tj ET Q q 0 0 0 rg BT 426.13 107.80 Td (of ) Tj ET Q q 0 0 0 rg BT 436.84 107.80 Td (this ) Tj ET Q q 0 0 0 rg BT 454.05 107.80 Td (MD&A, ) Tj ET Q q 0 0 0 rg BT 485.75 107.80 Td (the ) Tj ET Q q 0 0 0 rg BT 501.47 107.80 Td (powerhouse, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 97.00 Td (penstock ) Tj ET Q q 0 0 0 rg BT 97.62 97.00 Td (and ) Tj ET Q q 0 0 0 rg BT 115.24 97.00 Td (transmission ) Tj ET Q q 0 0 0 rg BT 168.36 97.00 Td (line ) Tj ET Q q 0 0 0 rg BT 184.97 97.00 Td (are ) Tj ET Q q 0 0 0 rg BT 200.58 97.00 Td (nearing ) Tj ET Q q 0 0 0 rg BT 233.21 97.00 Td (completion ) Tj ET Q q 0 0 0 rg BT 279.33 97.00 Td (and ) Tj ET Q q 0 0 0 rg BT 296.95 97.00 Td (the ) Tj ET Q q 0 0 0 rg BT 312.06 97.00 Td (intake ) Tj ET Q q 0 0 0 rg BT 338.68 97.00 Td (civil ) Tj ET Q q 0 0 0 rg BT 356.28 97.00 Td (and ) Tj ET Q q 0 0 0 rg BT 373.90 97.00 Td (hydromechanical ) Tj ET Q q 0 0 0 rg BT 444.54 97.00 Td (installations ) Tj ET Q q 0 0 0 rg BT 494.17 97.00 Td (are ) Tj ET Q q 0 0 0 rg BT 509.78 97.00 Td (well ) Tj ET Q q 0 0 0 rg BT 527.88 97.00 Td (on ) Tj ET Q q 0 0 0 rg BT 540.50 97.00 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 86.20 Td (way ) Tj ET Q q 0 0 0 rg BT 77.50 86.20 Td (to ) Tj ET Q q 0 0 0 rg BT 87.50 86.20 Td (being ) Tj ET Q q 0 0 0 rg BT 112.01 86.20 Td (completed ) Tj ET Q q 0 0 0 rg BT 156.03 86.20 Td (by ) Tj ET Q q 0 0 0 rg BT 168.03 86.20 Td (the ) Tj ET Q q 0 0 0 rg BT 183.03 86.20 Td (fall. ) Tj ET Q q 0 0 0 rg BT 199.37 86.20 Td (The ) Tj ET Q q 0 0 0 rg BT 217.37 86.20 Td (powerhouse ) Tj ET Q q 0 0 0 rg BT 268.90 86.20 Td (superstructure ) Tj ET Q q 0 0 0 rg BT 328.91 86.20 Td (is ) Tj ET Q q 0 0 0 rg BT 337.91 86.20 Td (complete ) Tj ET Q q 0 0 0 rg BT 376.92 86.20 Td (and ) Tj ET Q q 0 0 0 rg BT 394.43 86.20 Td (the ) Tj ET Q q 0 0 0 rg BT 409.43 86.20 Td (turbine ) Tj ET Q q 0 0 0 rg BT 439.44 86.20 Td (and ) Tj ET Q q 0 0 0 rg BT 456.95 86.20 Td (generating ) Tj ET Q q 0 0 0 rg BT 501.98 86.20 Td (equipment ) Tj ET Q q 0 0 0 rg BT 546.50 86.20 Td (is ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 75.40 Td (being ) Tj ET Q q 0 0 0 rg BT 83.52 75.40 Td (installed. ) Tj ET Q q 0 0 0 rg BT 121.38 75.40 Td (The ) Tj ET Q q 0 0 0 rg BT 139.39 75.40 Td (construction ) Tj ET Q q 0 0 0 rg BT 190.41 75.40 Td (of ) Tj ET Q q 0 0 0 rg BT 200.42 75.40 Td (this ) Tj ET Q q 0 0 0 rg BT 216.93 75.40 Td (facility ) Tj ET Q q 0 0 0 rg BT 244.43 75.40 Td (is ) Tj ET Q q 0 0 0 rg BT 253.43 75.40 Td (progressing ) Tj ET Q q 0 0 0 rg BT 302.96 75.40 Td (as ) Tj ET Q q 0 0 0 rg BT 314.96 75.40 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 358.50 75.40 Td (and ) Tj ET Q q 0 0 0 rg BT 376.01 75.40 Td (budgeted.) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 10) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 694.75 Td (W) Tj ET Q q 0.2 0 0.6 rg BT 68.35 694.75 Td (ind ) Tj ET Q q 0.2 0 0.6 rg BT 86.12 694.75 Td (Projects) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 673.15 Td (V) Tj ET Q q 0 0 0 rg BT 64.84 673.15 Td (iger-Denonville) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 651.55 Td (The ) Tj ET Q q 0 0 0 rg BT 77.97 651.55 Td (construction ) Tj ET Q q 0 0 0 rg BT 129.95 651.55 Td (of ) Tj ET Q q 0 0 0 rg BT 140.92 651.55 Td (this ) Tj ET Q q 0 0 0 rg BT 158.38 651.55 Td (wind ) Tj ET Q q 0 0 0 rg BT 180.35 651.55 Td (farm ) Tj ET Q q 0 0 0 rg BT 201.81 651.55 Td (began ) Tj ET Q q 0 0 0 rg BT 230.29 651.55 Td (in ) Tj ET Q q 0 0 0 rg BT 240.76 651.55 Td (the ) Tj ET Q q 0 0 0 rg BT 256.73 651.55 Td (first ) Tj ET Q q 0 0 0 rg BT 274.68 651.55 Td (quarter ) Tj ET Q q 0 0 0 rg BT 306.66 651.55 Td (of ) Tj ET Q q 0 0 0 rg BT 317.62 651.55 Td (2013. ) Tj ET Q q 0 0 0 rg BT 343.60 651.55 Td (Current ) Tj ET Q q 0 0 0 rg BT 377.07 651.55 Td (activities ) Tj ET Q q 0 0 0 rg BT 415.04 651.55 Td (include ) Tj ET Q q 0 0 0 rg BT 447.02 651.55 Td (road ) Tj ET Q q 0 0 0 rg BT 468.50 651.55 Td (construction, ) Tj ET Q q 0 0 0 rg BT 522.98 651.55 Td (pouring ) Tj ET Q q 0 0 0 rg BT 555.50 651.55 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 640.75 Td (concrete ) Tj ET Q q 0 0 0 rg BT 96.20 640.75 Td (for ) Tj ET Q q 0 0 0 rg BT 109.38 640.75 Td (the ) Tj ET Q q 0 0 0 rg BT 124.57 640.75 Td (turbine ) Tj ET Q q 0 0 0 rg BT 154.77 640.75 Td (foundations, ) Tj ET Q q 0 0 0 rg BT 206.49 640.75 Td (preparation ) Tj ET Q q 0 0 0 rg BT 254.70 640.75 Td (of ) Tj ET Q q 0 0 0 rg BT 264.89 640.75 Td (access ) Tj ET Q q 0 0 0 rg BT 295.58 640.75 Td (roads ) Tj ET Q q 0 0 0 rg BT 320.77 640.75 Td (for ) Tj ET Q q 0 0 0 rg BT 333.96 640.75 Td (the ) Tj ET Q q 0 0 0 rg BT 349.15 640.75 Td (delivery ) Tj ET Q q 0 0 0 rg BT 382.84 640.75 Td (of ) Tj ET Q q 0 0 0 rg BT 393.03 640.75 Td (the ) Tj ET Q q 0 0 0 rg BT 408.22 640.75 Td (turbines, ) Tj ET Q q 0 0 0 rg BT 445.42 640.75 Td (excavation ) Tj ET Q q 0 0 0 rg BT 491.12 640.75 Td (for ) Tj ET Q q 0 0 0 rg BT 504.31 640.75 Td (the ) Tj ET Q q 0 0 0 rg BT 519.50 640.75 Td (collector ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 629.95 Td (system ) Tj ET Q q 0 0 0 rg BT 90.06 629.95 Td (and ) Tj ET Q q 0 0 0 rg BT 107.64 629.95 Td (installation ) Tj ET Q q 0 0 0 rg BT 152.73 629.95 Td (of ) Tj ET Q q 0 0 0 rg BT 162.79 629.95 Td (the ) Tj ET Q q 0 0 0 rg BT 177.86 629.95 Td (substation ) Tj ET Q q 0 0 0 rg BT 221.45 629.95 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 268.54 629.95 Td (On ) Tj ET Q q 0 0 0 rg BT 282.60 629.95 Td (August ) Tj ET Q q 0 0 0 rg BT 313.18 629.95 Td (7, ) Tj ET Q q 0 0 0 rg BT 323.25 629.95 Td (2013, ) Tj ET Q q 0 0 0 rg BT 348.33 629.95 Td (Parc ) Tj ET Q q 0 0 0 rg BT 369.40 629.95 Td (olien ) Tj ET Q q 0 0 0 rg BT 395.98 629.95 Td (communautaire ) Tj ET Q q 0 0 0 rg BT 460.57 629.95 Td (V) Tj ET Q q 0 0 0 rg BT 466.41 629.95 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 531.50 629.95 Td (s.e.c. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 619.15 Td (\("V) Tj ET Q q 0 0 0 rg BT 71.03 619.15 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 135.76 619.15 Td (L.P) Tj ET Q q 0 0 0 rg BT 148.11 619.15 Td (."\) ) Tj ET Q q 0 0 0 rg BT 159.00 619.15 Td (closed ) Tj ET Q q 0 0 0 rg BT 187.22 619.15 Td (a ) Tj ET Q q 0 0 0 rg BT 194.42 619.15 Td (long-term ) Tj ET Q q 0 0 0 rg BT 234.64 619.15 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 289.87 619.15 Td (project ) Tj ET Q q 0 0 0 rg BT 319.08 619.15 Td (financing ) Tj ET Q q 0 0 0 rg BT 357.31 619.15 Td (of ) Tj ET Q q 0 0 0 rg BT 367.01 619.15 Td ($61.7million ) Tj ET Q q 0 0 0 rg BT 419.74 619.15 Td (for ) Tj ET Q q 0 0 0 rg BT 432.44 619.15 Td (this ) Tj ET Q q 0 0 0 rg BT 448.65 619.15 Td (project. ) Tj ET Q q 0 0 0 rg BT 480.36 619.15 Td (Please ) Tj ET Q q 0 0 0 rg BT 510.08 619.15 Td (refer ) Tj ET Q q 0 0 0 rg BT 530.79 619.15 Td (to ) Tj ET Q q 0 0 0 rg BT 540.49 619.15 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 608.35 Td ("Subsequent ) Tj ET Q q 0 0 0 rg BT 112.49 608.35 Td (Events" ) Tj ET Q q 0 0 0 rg BT 145.44 608.35 Td (section ) Tj ET Q q 0 0 0 rg BT 176.21 608.35 Td (for ) Tj ET Q q 0 0 0 rg BT 188.96 608.35 Td (more ) Tj ET Q q 0 0 0 rg BT 211.72 608.35 Td (information. ) Tj ET Q q 0 0 0 rg BT 260.84 608.35 Td (The ) Tj ET Q q 0 0 0 rg BT 278.60 608.35 Td (construction ) Tj ET Q q 0 0 0 rg BT 329.38 608.35 Td (of ) Tj ET Q q 0 0 0 rg BT 339.13 608.35 Td (this ) Tj ET Q q 0 0 0 rg BT 355.39 608.35 Td (facility ) Tj ET Q q 0 0 0 rg BT 382.64 608.35 Td (is ) Tj ET Q q 0 0 0 rg BT 391.39 608.35 Td (progressing ) Tj ET Q q 0 0 0 rg BT 440.67 608.35 Td (as ) Tj ET Q q 0 0 0 rg BT 452.42 608.35 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 495.71 608.35 Td (and ) Tj ET Q q 0 0 0 rg BT 512.97 608.35 Td (budgeted. ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 585.55 Td (PROJECTS IN PERMIT) Tj ET Q q 0.2 0 0.6 rg BT 165.49 585.55 Td ( PHASE) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 59.00 575.05 129.00 -51.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 188.00 575.05 52.00 -51.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 240.00 575.05 52.00 -51.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 292.00 575.05 52.00 -51.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 344.00 575.05 52.00 -51.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 396.00 575.05 52.00 -51.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 448.00 575.05 104.00 -17.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 448.00 558.05 52.00 -34.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 500.00 558.05 52.00 -34.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 59.00 524.05 181.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 240.00 524.05 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 292.00 524.05 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 344.00 524.05 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 396.00 524.05 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 448.00 524.05 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 500.00 524.05 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 59.00 431.05 129.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 188.00 431.05 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 240.00 431.05 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 292.00 431.05 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 344.00 431.05 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 396.00 431.05 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 448.00 431.05 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 500.00 431.05 52.00 -15.00 re f /GS0 gs 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 558.05 m 500 558.05 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 558.05 m 552 558.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 524.05 m 188 524.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 524.05 m 240 524.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240 524.05 m 292 524.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 524.05 m 344 524.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 524.05 m 396 524.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 524.05 m 448 524.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 524.05 m 500 524.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 524.05 m 552 524.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 524.05 m 188 524.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 524.05 m 240 524.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 404.05 m 188 404.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 402.05 m 188 402.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 404.05 m 240 404.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 402.05 m 240 402.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240 404.05 m 292 404.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240 402.05 m 292 402.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 404.05 m 344 404.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 402.05 m 344 402.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 404.05 m 396 404.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 402.05 m 396 402.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 404.05 m 448 404.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 402.05 m 448 402.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 404.05 m 500 404.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 402.05 m 500 402.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 404.05 m 552 404.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 402.05 m 552 402.05 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 76.75 547.53 Td (Project name and location) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 194.35 551.53 Td (Ownership) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 209.90 543.53 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 254.80 559.53 Td (Gross) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 250.80 551.53 Td (installed) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 250.80 543.53 Td (capacity) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 255.70 535.53 Td (\(MW\)) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 300.80 551.53 Td (Expected) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 308.60 543.53 Td (COD) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 358.80 555.53 Td (Gross) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 352.15 547.53 Td (estimated) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 350.05 539.53 Td (LTA \(GWh\)) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 401.55 551.53 Td (PPA term) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 409.05 543.53 Td (\(years\)) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 467.45 562.28 Td (Total project costs) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 454.25 543.03 Td (Estimated) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 1 1 1 rg BT 489.82 546.84 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 492.71 543.03 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 465.25 535.03 Td (\($M\)) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 506.55 547.03 Td (As at June) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 509.90 539.03 Td (30, 2013) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 517.25 531.03 Td (\($M\)) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 61.50 513.45 Td (HYDRO \(British Columbia\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 500.00 Td (Boulder Creek) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 212.95 500.00 Td (66.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 264.95 500.00 Td (25.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.45 500.00 Td (2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.95 500.00 Td (92.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.45 500.00 Td (40) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.95 500.00 Td (116.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.95 500.00 Td (4.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 487.00 Td (Tretheway Creek) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 207.95 487.00 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 264.95 487.00 Td (23.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.45 487.00 Td (2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.95 487.00 Td (81.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.45 487.00 Td (40) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.95 487.00 Td (108.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.95 487.00 Td (16.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 474.00 Td (North Creek) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 110.02 478.29 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 212.95 474.00 Td (66.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 264.95 474.00 Td (16.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.45 474.00 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.95 474.00 Td (59.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.45 474.00 Td (40) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.95 474.00 Td (72.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.95 474.00 Td (0.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 461.00 Td (Upper Lillooet) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 212.95 461.00 Td (66.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 264.95 461.00 Td (81.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.45 461.00 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 363.95 461.00 Td (334.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.45 461.00 Td (40) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.95 461.00 Td (317.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.95 461.00 Td (13.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 448.00 Td (Big Silver Creek) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 207.95 448.00 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 264.95 448.00 Td (40.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.45 448.00 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 363.95 448.00 Td (139.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.45 448.00 Td (40) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.95 448.00 Td (191.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.95 448.00 Td (28.4) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 61.50 420.45 Td (WIND \(Qubec\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 407.00 Td (Mesgi'g Ugju's'n \("MU"\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 218.95 407.00 Td (50.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 265.95 407.00 Td (150.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 299.60 407.00 Td (2016/17) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 332.13 411.29 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 371.20 407.00 Td (TBC) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 389.20 411.29 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.20 407.00 Td (TBC) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 441.20 411.29 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.20 407.00 Td (TBC) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 493.20 411.29 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.95 407.00 Td (0.1) Tj ET Q BT /F2 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 59.00 393.95 Td (1. ) Tj ET Q q 0 0 0 rg BT 67.73 393.95 Td (This ) Tj ET Q q 0 0 0 rg BT 85.05 393.95 Td (information ) Tj ET Q q 0 0 0 rg BT 126.83 393.95 Td (is ) Tj ET Q q 0 0 0 rg BT 134.81 393.95 Td (intended ) Tj ET Q q 0 0 0 rg BT 167.71 393.95 Td (to ) Tj ET Q q 0 0 0 rg BT 176.59 393.95 Td (inform ) Tj ET Q q 0 0 0 rg BT 201.02 393.95 Td (the ) Tj ET Q q 0 0 0 rg BT 214.34 393.95 Td (reader ) Tj ET Q q 0 0 0 rg BT 239.67 393.95 Td (of ) Tj ET Q q 0 0 0 rg BT 248.55 393.95 Td (the ) Tj ET Q q 0 0 0 rg BT 261.87 393.95 Td (projects' ) Tj ET Q q 0 0 0 rg BT 293.61 393.95 Td (potential ) Tj ET Q q 0 0 0 rg BT 326.06 393.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 351.83 393.95 Td (on ) Tj ET Q q 0 0 0 rg BT 362.93 393.95 Td (the ) Tj ET Q q 0 0 0 rg BT 376.26 393.95 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 425.79 393.95 Td (results. ) Tj ET Q q 0 0 0 rg BT 453.64 393.95 Td (The ) Tj ET Q q 0 0 0 rg BT 469.63 393.95 Td (actual ) Tj ET Q q 0 0 0 rg BT 493.18 393.95 Td (results ) Tj ET Q q 0 0 0 rg BT 518.95 393.95 Td (may ) Tj ET Q q 0 0 0 rg BT 536.26 393.95 Td (vary) Tj ET Q q 0 0 0 rg BT 550.78 393.95 Td (. ) Tj ET Q q 0 0 0 rg BT 555.23 393.95 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 384.35 Td (Please ) Tj ET Q q 0 0 0 rg BT 94.68 384.35 Td (refer ) Tj ET Q q 0 0 0 rg BT 113.36 384.35 Td (to ) Tj ET Q q 0 0 0 rg BT 122.25 384.35 Td (the ) Tj ET Q q 0 0 0 rg BT 135.59 384.35 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 200.51 384.35 Td (Information ) Tj ET Q q 0 0 0 rg BT 245.41 384.35 Td (section ) Tj ET Q q 0 0 0 rg BT 272.98 384.35 Td (for ) Tj ET Q q 0 0 0 rg BT 284.54 384.35 Td (more ) Tj ET Q q 0 0 0 rg BT 304.99 384.35 Td (information.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 59.00 374.75 Td (2. ) Tj ET Q q 0 0 0 rg BT 68.25 374.75 Td (On ) Tj ET Q q 0 0 0 rg BT 81.50 374.75 Td (March ) Tj ET Q q 0 0 0 rg BT 106.31 374.75 Td (14, ) Tj ET Q q 0 0 0 rg BT 120.01 374.75 Td (2013, ) Tj ET Q q 0 0 0 rg BT 142.60 374.75 Td (the ) Tj ET Q q 0 0 0 rg BT 156.30 374.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 193.12 374.75 Td (announced ) Tj ET Q q 0 0 0 rg BT 235.29 374.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 268.12 374.75 Td (to ) Tj ET Q q 0 0 0 rg BT 277.37 374.75 Td (the ) Tj ET Q q 0 0 0 rg BT 291.07 374.75 Td (configuration ) Tj ET Q q 0 0 0 rg BT 339.46 374.75 Td (of ) Tj ET Q q 0 0 0 rg BT 348.71 374.75 Td (the ) Tj ET Q q 0 0 0 rg BT 362.41 374.75 Td (Boulder ) Tj ET Q q 0 0 0 rg BT 392.56 374.75 Td (Creek, ) Tj ET Q q 0 0 0 rg BT 418.70 374.75 Td (North ) Tj ET Q q 0 0 0 rg BT 440.84 374.75 Td (Creek ) Tj ET Q q 0 0 0 rg BT 464.76 374.75 Td (and ) Tj ET Q q 0 0 0 rg BT 480.69 374.75 Td (Upper ) Tj ET Q q 0 0 0 rg BT 505.05 374.75 Td (Lillooet ) Tj ET Q q 0 0 0 rg BT 532.98 374.75 Td (hydro ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 365.15 Td (projects, ) Tj ET Q q 0 0 0 rg BT 100.26 365.15 Td (which ) Tj ET Q q 0 0 0 rg BT 122.73 365.15 Td (included ) Tj ET Q q 0 0 0 rg BT 154.56 365.15 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 198.83 365.15 Td (of ) Tj ET Q q 0 0 0 rg BT 207.52 365.15 Td (the ) Tj ET Q q 0 0 0 rg BT 220.67 365.15 Td (North ) Tj ET Q q 0 0 0 rg BT 242.25 365.15 Td (Creek ) Tj ET Q q 0 0 0 rg BT 265.62 365.15 Td (project, ) Tj ET Q q 0 0 0 rg BT 293.87 365.15 Td (which ) Tj ET Q q 0 0 0 rg BT 316.35 365.15 Td (is ) Tj ET Q q 0 0 0 rg BT 324.15 365.15 Td (subject ) Tj ET Q q 0 0 0 rg BT 351.52 365.15 Td (to ) Tj ET Q q 0 0 0 rg BT 360.22 365.15 Td (the ) Tj ET Q q 0 0 0 rg BT 373.36 365.15 Td (still-pending ) Tj ET Q q 0 0 0 rg BT 418.07 365.15 Td (consent ) Tj ET Q q 0 0 0 rg BT 448.12 365.15 Td (of ) Tj ET Q q 0 0 0 rg BT 456.81 365.15 Td (BC ) Tj ET Q q 0 0 0 rg BT 469.95 365.15 Td (Hydro. ) Tj ET Q q 0 0 0 rg BT 495.40 365.15 Td (The ) Tj ET Q q 0 0 0 rg BT 511.21 365.15 Td (Corporation ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 355.55 Td (is ) Tj ET Q q 0 0 0 rg BT 76.00 355.55 Td (considering ) Tj ET Q q 0 0 0 rg BT 119.14 355.55 Td (whether ) Tj ET Q q 0 0 0 rg BT 149.82 355.55 Td (to ) Tj ET Q q 0 0 0 rg BT 158.71 355.55 Td (continue ) Tj ET Q q 0 0 0 rg BT 191.18 355.55 Td (the ) Tj ET Q q 0 0 0 rg BT 204.53 355.55 Td (development ) Tj ET Q q 0 0 0 rg BT 252.56 355.55 Td (of ) Tj ET Q q 0 0 0 rg BT 261.45 355.55 Td (North ) Tj ET Q q 0 0 0 rg BT 283.24 355.55 Td (Creek ) Tj ET Q q 0 0 0 rg BT 306.80 355.55 Td (as ) Tj ET Q q 0 0 0 rg BT 317.47 355.55 Td (a ) Tj ET Q q 0 0 0 rg BT 324.14 355.55 Td (Prospective ) Tj ET Q q 0 0 0 rg BT 368.16 355.55 Td (Project.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 59.00 345.95 Td (3. ) Tj ET Q q 0 0 0 rg BT 67.75 345.95 Td (T) Tj ET Q q 0 0 0 rg BT 71.75 345.95 Td (o ) Tj ET Q q 0 0 0 rg BT 78.42 345.95 Td (be ) Tj ET Q q 0 0 0 rg BT 89.54 345.95 Td (confirmed.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 323.15 Td (Hydro Projects) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 301.55 Td (Boulder Creek, North Creek and Upper Lillooet) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 279.95 Td (The ) Tj ET Q q 0 0 0 rg BT 76.26 279.95 Td (Boulder ) Tj ET Q q 0 0 0 rg BT 109.03 279.95 Td (Creek ) Tj ET Q q 0 0 0 rg BT 134.79 279.95 Td (and ) Tj ET Q q 0 0 0 rg BT 151.55 279.95 Td (Upper ) Tj ET Q q 0 0 0 rg BT 177.81 279.95 Td (Lillooet ) Tj ET Q q 0 0 0 rg BT 208.08 279.95 Td (projects ) Tj ET Q q 0 0 0 rg BT 241.35 279.95 Td (have ) Tj ET Q q 0 0 0 rg BT 262.61 279.95 Td (both ) Tj ET Q q 0 0 0 rg BT 281.88 279.95 Td (received ) Tj ET Q q 0 0 0 rg BT 317.65 279.95 Td (their ) Tj ET Q q 0 0 0 rg BT 336.90 279.95 Td (Crown ) Tj ET Q q 0 0 0 rg BT 364.66 279.95 Td (land ) Tj ET Q q 0 0 0 rg BT 383.42 279.95 Td (tenure ) Tj ET Q q 0 0 0 rg BT 410.69 279.95 Td (and ) Tj ET Q q 0 0 0 rg BT 427.46 279.95 Td (water ) Tj ET Q q 0 0 0 rg BT 451.22 279.95 Td (licence ) Tj ET Q q 0 0 0 rg BT 480.98 279.95 Td (from ) Tj ET Q q 0 0 0 rg BT 500.73 279.95 Td (the ) Tj ET Q q 0 0 0 rg BT 514.99 279.95 Td (provincial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 269.15 Td (government. ) Tj ET Q q 0 0 0 rg BT 111.76 269.15 Td (The ) Tj ET Q q 0 0 0 rg BT 130.18 269.15 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 180.13 269.15 Td (expects ) Tj ET Q q 0 0 0 rg BT 214.07 269.15 Td (that ) Tj ET Q q 0 0 0 rg BT 232.00 269.15 Td (toward ) Tj ET Q q 0 0 0 rg BT 261.93 269.15 Td (the ) Tj ET Q q 0 0 0 rg BT 277.36 269.15 Td (end ) Tj ET Q q 0 0 0 rg BT 295.30 269.15 Td (of ) Tj ET Q q 0 0 0 rg BT 305.72 269.15 Td (the ) Tj ET Q q 0 0 0 rg BT 321.15 269.15 Td (summer ) Tj ET Q q 0 0 0 rg BT 356.57 269.15 Td (it ) Tj ET Q q 0 0 0 rg BT 363.99 269.15 Td (will ) Tj ET Q q 0 0 0 rg BT 379.41 269.15 Td (have ) Tj ET Q q 0 0 0 rg BT 401.85 269.15 Td (received ) Tj ET Q q 0 0 0 rg BT 438.78 269.15 Td (all ) Tj ET Q q 0 0 0 rg BT 450.71 269.15 Td (the ) Tj ET Q q 0 0 0 rg BT 466.14 269.15 Td (necessary ) Tj ET Q q 0 0 0 rg BT 510.08 269.15 Td (permits ) Tj ET Q q 0 0 0 rg BT 542.50 269.15 Td (for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 258.35 Td (these ) Tj ET Q q 0 0 0 rg BT 83.30 258.35 Td (projects, ) Tj ET Q q 0 0 0 rg BT 119.61 258.35 Td (at ) Tj ET Q q 0 0 0 rg BT 129.40 258.35 Td (which ) Tj ET Q q 0 0 0 rg BT 154.70 258.35 Td (time ) Tj ET Q q 0 0 0 rg BT 173.99 258.35 Td (it ) Tj ET Q q 0 0 0 rg BT 180.78 258.35 Td (will ) Tj ET Q q 0 0 0 rg BT 195.56 258.35 Td (be ) Tj ET Q q 0 0 0 rg BT 207.86 258.35 Td (able ) Tj ET Q q 0 0 0 rg BT 227.17 258.35 Td (to ) Tj ET Q q 0 0 0 rg BT 236.96 258.35 Td (begin ) Tj ET Q q 0 0 0 rg BT 261.27 258.35 Td (construction ) Tj ET Q q 0 0 0 rg BT 312.08 258.35 Td (activities. ) Tj ET Q q 0 0 0 rg BT 351.38 258.35 Td (In ) Tj ET Q q 0 0 0 rg BT 361.17 258.35 Td (addition, ) Tj ET Q q 0 0 0 rg BT 397.49 258.35 Td (discussions ) Tj ET Q q 0 0 0 rg BT 446.30 258.35 Td (are ) Tj ET Q q 0 0 0 rg BT 461.59 258.35 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 495.91 258.35 Td (with ) Tj ET Q q 0 0 0 rg BT 514.21 258.35 Td (BC ) Tj ET Q q 0 0 0 rg BT 529.00 258.35 Td (Hydro ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 247.55 Td (to ) Tj ET Q q 0 0 0 rg BT 69.38 247.55 Td (obtain ) Tj ET Q q 0 0 0 rg BT 96.77 247.55 Td (its ) Tj ET Q q 0 0 0 rg BT 108.64 247.55 Td (consent ) Tj ET Q q 0 0 0 rg BT 143.03 247.55 Td (to ) Tj ET Q q 0 0 0 rg BT 153.41 247.55 Td (amend ) Tj ET Q q 0 0 0 rg BT 183.80 247.55 Td (the ) Tj ET Q q 0 0 0 rg BT 199.18 247.55 Td (PP) Tj ET Q q 0 0 0 rg BT 210.52 247.55 Td (As ) Tj ET Q q 0 0 0 rg BT 223.89 247.55 Td (to ) Tj ET Q q 0 0 0 rg BT 234.27 247.55 Td (increase ) Tj ET Q q 0 0 0 rg BT 271.16 247.55 Td (the ) Tj ET Q q 0 0 0 rg BT 286.54 247.55 Td (installed ) Tj ET Q q 0 0 0 rg BT 322.43 247.55 Td (capacity ) Tj ET Q q 0 0 0 rg BT 358.32 247.55 Td (of ) Tj ET Q q 0 0 0 rg BT 368.69 247.55 Td (the ) Tj ET Q q 0 0 0 rg BT 384.07 247.55 Td (Boulder ) Tj ET Q q 0 0 0 rg BT 417.97 247.55 Td (Creek ) Tj ET Q q 0 0 0 rg BT 444.84 247.55 Td (and ) Tj ET Q q 0 0 0 rg BT 462.73 247.55 Td (Upper ) Tj ET Q q 0 0 0 rg BT 490.11 247.55 Td (Lillooet ) Tj ET Q q 0 0 0 rg BT 521.50 247.55 Td (projects ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 236.75 Td (and ) Tj ET Q q 0 0 0 rg BT 76.38 236.75 Td (to ) Tj ET Q q 0 0 0 rg BT 86.25 236.75 Td (cancel ) Tj ET Q q 0 0 0 rg BT 114.62 236.75 Td (the ) Tj ET Q q 0 0 0 rg BT 129.50 236.75 Td (North ) Tj ET Q q 0 0 0 rg BT 153.87 236.75 Td (Creek ) Tj ET Q q 0 0 0 rg BT 180.24 236.75 Td (project. ) Tj ET Q q 0 0 0 rg BT 211.96 236.75 Td (The ) Tj ET Q q 0 0 0 rg BT 229.83 236.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 279.22 236.75 Td (expects ) Tj ET Q q 0 0 0 rg BT 312.60 236.75 Td (to ) Tj ET Q q 0 0 0 rg BT 322.47 236.75 Td (start ) Tj ET Q q 0 0 0 rg BT 342.33 236.75 Td (construction ) Tj ET Q q 0 0 0 rg BT 393.22 236.75 Td (on ) Tj ET Q q 0 0 0 rg BT 405.59 236.75 Td (the ) Tj ET Q q 0 0 0 rg BT 420.47 236.75 Td (Boulder ) Tj ET Q q 0 0 0 rg BT 453.85 236.75 Td (Creek ) Tj ET Q q 0 0 0 rg BT 480.22 236.75 Td (and ) Tj ET Q q 0 0 0 rg BT 497.60 236.75 Td (Upper ) Tj ET Q q 0 0 0 rg BT 524.47 236.75 Td (Lillooet ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 225.95 Td (projects ) Tj ET Q q 0 0 0 rg BT 93.01 225.95 Td (in ) Tj ET Q q 0 0 0 rg BT 102.52 225.95 Td (2013.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 204.35 Td (T) Tj ET Q q 0 0 0 rg BT 64.00 204.35 Td (retheway ) Tj ET Q q 0 0 0 rg BT 105.52 204.35 Td (Creek) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 182.75 Td (The ) Tj ET Q q 0 0 0 rg BT 77.42 182.75 Td (project ) Tj ET Q q 0 0 0 rg BT 107.34 182.75 Td (has ) Tj ET Q q 0 0 0 rg BT 124.76 182.75 Td (received ) Tj ET Q q 0 0 0 rg BT 161.68 182.75 Td (its ) Tj ET Q q 0 0 0 rg BT 173.59 182.75 Td (land ) Tj ET Q q 0 0 0 rg BT 193.52 182.75 Td (tenure ) Tj ET Q q 0 0 0 rg BT 221.94 182.75 Td (and ) Tj ET Q q 0 0 0 rg BT 239.87 182.75 Td (its ) Tj ET Q q 0 0 0 rg BT 251.77 182.75 Td (water ) Tj ET Q q 0 0 0 rg BT 276.69 182.75 Td (licencefrom ) Tj ET Q q 0 0 0 rg BT 328.11 182.75 Td (the ) Tj ET Q q 0 0 0 rg BT 343.53 182.75 Td (provincial ) Tj ET Q q 0 0 0 rg BT 384.46 182.75 Td (government.) Tj ET Q q 0 0 0 rg BT 436.82 182.75 Td (The ) Tj ET Q q 0 0 0 rg BT 455.24 182.75 Td (remaining ) Tj ET Q q 0 0 0 rg BT 497.67 182.75 Td (permits ) Tj ET Q q 0 0 0 rg BT 530.08 182.75 Td (are ) Tj ET Q q 0 0 0 rg BT 546.00 182.75 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 171.95 Td (the ) Tj ET Q q 0 0 0 rg BT 74.57 171.95 Td (process ) Tj ET Q q 0 0 0 rg BT 109.14 171.95 Td (of ) Tj ET Q q 0 0 0 rg BT 119.70 171.95 Td (being ) Tj ET Q q 0 0 0 rg BT 144.78 171.95 Td (obtained ) Tj ET Q q 0 0 0 rg BT 182.36 171.95 Td (and ) Tj ET Q q 0 0 0 rg BT 200.44 171.95 Td (present ) Tj ET Q q 0 0 0 rg BT 233.51 171.95 Td (no ) Tj ET Q q 0 0 0 rg BT 246.58 171.95 Td (technical ) Tj ET Q q 0 0 0 rg BT 285.16 171.95 Td (obstacles. ) Tj ET Q q 0 0 0 rg BT 328.54 171.95 Td (The ) Tj ET Q q 0 0 0 rg BT 347.10 171.95 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 397.18 171.95 Td (continuestooptimize ) Tj ET Q q 0 0 0 rg BT 484.78 171.95 Td (the ) Tj ET Q q 0 0 0 rg BT 500.35 171.95 Td (design ) Tj ET Q q 0 0 0 rg BT 529.93 171.95 Td (of ) Tj ET Q q 0 0 0 rg BT 540.49 171.95 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 161.15 Td (project ) Tj ET Q q 0 0 0 rg BT 90.06 161.15 Td (and ) Tj ET Q q 0 0 0 rg BT 109.13 161.15 Td (to ) Tj ET Q q 0 0 0 rg BT 120.68 161.15 Td (discuss ) Tj ET Q q 0 0 0 rg BT 154.74 161.15 Td (pricing ) Tj ET Q q 0 0 0 rg BT 185.30 161.15 Td (and ) Tj ET Q q 0 0 0 rg BT 204.36 161.15 Td (cost-saving ) Tj ET Q q 0 0 0 rg BT 253.93 161.15 Td (options ) Tj ET Q q 0 0 0 rg BT 287.00 161.15 Td (with ) Tj ET Q q 0 0 0 rg BT 307.05 161.15 Td (civil ) Tj ET Q q 0 0 0 rg BT 326.10 161.15 Td (works ) Tj ET Q q 0 0 0 rg BT 353.65 161.15 Td (contractors, ) Tj ET Q q 0 0 0 rg BT 404.71 161.15 Td (turbine ) Tj ET Q q 0 0 0 rg BT 436.28 161.15 Td (and ) Tj ET Q q 0 0 0 rg BT 455.34 161.15 Td (generator ) Tj ET Q q 0 0 0 rg BT 497.92 161.15 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 537.98 161.15 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 150.35 Td (transmission ) Tj ET Q q 0 0 0 rg BT 113.13 150.35 Td (line ) Tj ET Q q 0 0 0 rg BT 130.75 150.35 Td (contractors. ) Tj ET Q q 0 0 0 rg BT 181.15 150.35 Td (The ) Tj ET Q q 0 0 0 rg BT 200.27 150.35 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 250.91 150.35 Td (has ) Tj ET Q q 0 0 0 rg BT 269.03 150.35 Td (requested ) Tj ET Q q 0 0 0 rg BT 312.67 150.35 Td (BC ) Tj ET Q q 0 0 0 rg BT 328.79 150.35 Td (Hydro's ) Tj ET Q q 0 0 0 rg BT 362.63 150.35 Td (consent ) Tj ET Q q 0 0 0 rg BT 397.76 150.35 Td (to ) Tj ET Q q 0 0 0 rg BT 408.88 150.35 Td (increase ) Tj ET Q q 0 0 0 rg BT 446.51 150.35 Td (the ) Tj ET Q q 0 0 0 rg BT 462.63 150.35 Td (installed ) Tj ET Q q 0 0 0 rg BT 499.27 150.35 Td (capacity) Tj ET Q q 0 0 0 rg BT 531.61 150.35 Td (. ) Tj ET Q q 0 0 0 rg BT 537.49 150.35 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 139.55 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 108.53 139.55 Td (plans ) Tj ET Q q 0 0 0 rg BT 132.54 139.55 Td (to ) Tj ET Q q 0 0 0 rg BT 142.55 139.55 Td (start ) Tj ET Q q 0 0 0 rg BT 162.55 139.55 Td (construction ) Tj ET Q q 0 0 0 rg BT 213.58 139.55 Td (on ) Tj ET Q q 0 0 0 rg BT 226.09 139.55 Td (this ) Tj ET Q q 0 0 0 rg BT 242.59 139.55 Td (project ) Tj ET Q q 0 0 0 rg BT 272.11 139.55 Td (in ) Tj ET Q q 0 0 0 rg BT 281.61 139.55 Td (2013.) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.10 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 1) Tj ET Q q 0 0 0 rg BT 412.41 43.70 Td (1) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 695.45 Td (Big Silver Creek) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 673.85 Td (The ) Tj ET Q q 0 0 0 rg BT 77.42 673.85 Td (project ) Tj ET Q q 0 0 0 rg BT 107.34 673.85 Td (has ) Tj ET Q q 0 0 0 rg BT 124.76 673.85 Td (received ) Tj ET Q q 0 0 0 rg BT 161.68 673.85 Td (its ) Tj ET Q q 0 0 0 rg BT 173.59 673.85 Td (land ) Tj ET Q q 0 0 0 rg BT 193.52 673.85 Td (tenure ) Tj ET Q q 0 0 0 rg BT 221.94 673.85 Td (and ) Tj ET Q q 0 0 0 rg BT 239.87 673.85 Td (its ) Tj ET Q q 0 0 0 rg BT 251.77 673.85 Td (water ) Tj ET Q q 0 0 0 rg BT 276.69 673.85 Td (licencefrom ) Tj ET Q q 0 0 0 rg BT 328.11 673.85 Td (the ) Tj ET Q q 0 0 0 rg BT 343.53 673.85 Td (provincial ) Tj ET Q q 0 0 0 rg BT 384.46 673.85 Td (government.) Tj ET Q q 0 0 0 rg BT 436.82 673.85 Td (The ) Tj ET Q q 0 0 0 rg BT 455.24 673.85 Td (remaining ) Tj ET Q q 0 0 0 rg BT 497.67 673.85 Td (permits ) Tj ET Q q 0 0 0 rg BT 530.08 673.85 Td (are ) Tj ET Q q 0 0 0 rg BT 546.00 673.85 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 663.05 Td (the ) Tj ET Q q 0 0 0 rg BT 74.57 663.05 Td (process ) Tj ET Q q 0 0 0 rg BT 109.14 663.05 Td (of ) Tj ET Q q 0 0 0 rg BT 119.70 663.05 Td (being ) Tj ET Q q 0 0 0 rg BT 144.78 663.05 Td (obtained ) Tj ET Q q 0 0 0 rg BT 182.36 663.05 Td (and ) Tj ET Q q 0 0 0 rg BT 200.44 663.05 Td (present ) Tj ET Q q 0 0 0 rg BT 233.51 663.05 Td (no ) Tj ET Q q 0 0 0 rg BT 246.58 663.05 Td (technical ) Tj ET Q q 0 0 0 rg BT 285.16 663.05 Td (obstacles. ) Tj ET Q q 0 0 0 rg BT 328.54 663.05 Td (The ) Tj ET Q q 0 0 0 rg BT 347.10 663.05 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 397.18 663.05 Td (continuestooptimize ) Tj ET Q q 0 0 0 rg BT 484.78 663.05 Td (the ) Tj ET Q q 0 0 0 rg BT 500.35 663.05 Td (design ) Tj ET Q q 0 0 0 rg BT 529.93 663.05 Td (of ) Tj ET Q q 0 0 0 rg BT 540.49 663.05 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 652.25 Td (project ) Tj ET Q q 0 0 0 rg BT 90.06 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.13 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 120.68 652.25 Td (discuss ) Tj ET Q q 0 0 0 rg BT 154.74 652.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 185.30 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.36 652.25 Td (cost-saving ) Tj ET Q q 0 0 0 rg BT 253.93 652.25 Td (options ) Tj ET Q q 0 0 0 rg BT 287.00 652.25 Td (with ) Tj ET Q q 0 0 0 rg BT 307.05 652.25 Td (civil ) Tj ET Q q 0 0 0 rg BT 326.10 652.25 Td (works ) Tj ET Q q 0 0 0 rg BT 353.65 652.25 Td (contractors, ) Tj ET Q q 0 0 0 rg BT 404.71 652.25 Td (turbine ) Tj ET Q q 0 0 0 rg BT 436.28 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 455.34 652.25 Td (generator ) Tj ET Q q 0 0 0 rg BT 497.92 652.25 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 537.98 652.25 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 641.45 Td (transmission ) Tj ET Q q 0 0 0 rg BT 112.02 641.45 Td (line ) Tj ET Q q 0 0 0 rg BT 128.53 641.45 Td (contractors. ) Tj ET Q q 0 0 0 rg BT 177.88 641.45 Td (The ) Tj ET Q q 0 0 0 rg BT 195.89 641.45 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 245.42 641.45 Td (plans ) Tj ET Q q 0 0 0 rg BT 269.43 641.45 Td (to ) Tj ET Q q 0 0 0 rg BT 279.44 641.45 Td (start ) Tj ET Q q 0 0 0 rg BT 299.44 641.45 Td (construction ) Tj ET Q q 0 0 0 rg BT 350.47 641.45 Td (on ) Tj ET Q q 0 0 0 rg BT 362.98 641.45 Td (this ) Tj ET Q q 0 0 0 rg BT 379.48 641.45 Td (project ) Tj ET Q q 0 0 0 rg BT 409.00 641.45 Td (in ) Tj ET Q q 0 0 0 rg BT 418.50 641.45 Td (2013.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 618.65 Td (W) Tj ET Q q 0.2 0 0.6 rg BT 68.35 618.65 Td (ind Projects) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 597.05 Td (Mesgi'g Ugju's'n \("MU"\) ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 575.45 Td (On ) Tj ET Q q 0 0 0 rg BT 73.50 575.45 Td (May ) Tj ET Q q 0 0 0 rg BT 93.00 575.45 Td (10, ) Tj ET Q q 0 0 0 rg BT 108.01 575.45 Td (2013, ) Tj ET Q q 0 0 0 rg BT 133.02 575.45 Td (as ) Tj ET Q q 0 0 0 rg BT 145.02 575.45 Td (part ) Tj ET Q q 0 0 0 rg BT 163.03 575.45 Td (of ) Tj ET Q q 0 0 0 rg BT 173.03 575.45 Td (an ) Tj ET Q q 0 0 0 rg BT 185.54 575.45 Td (announcement ) Tj ET Q q 0 0 0 rg BT 247.58 575.45 Td (for ) Tj ET Q q 0 0 0 rg BT 260.58 575.45 Td (the ) Tj ET Q q 0 0 0 rg BT 275.58 575.45 Td (procurement ) Tj ET Q q 0 0 0 rg BT 328.60 575.45 Td (of ) Tj ET Q q 0 0 0 rg BT 338.60 575.45 Td (800 ) Tj ET Q q 0 0 0 rg BT 356.12 575.45 Td (MW ) Tj ET Q q 0 0 0 rg BT 374.60 575.45 Td (of ) Tj ET Q q 0 0 0 rg BT 384.60 575.45 Td (new ) Tj ET Q q 0 0 0 rg BT 403.61 575.45 Td (wind ) Tj ET Q q 0 0 0 rg BT 424.62 575.45 Td (energy) Tj ET Q q 0 0 0 rg BT 451.47 575.45 Td (, ) Tj ET Q q 0 0 0 rg BT 456.46 575.45 Td (the ) Tj ET Q q 0 0 0 rg BT 471.47 575.45 Td (Quebec ) Tj ET Q q 0 0 0 rg BT 505.49 575.45 Td (government ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 564.65 Td (allocated ) Tj ET Q q 0 0 0 rg BT 99.32 564.65 Td (150 ) Tj ET Q q 0 0 0 rg BT 118.63 564.65 Td (MW ) Tj ET Q q 0 0 0 rg BT 138.91 564.65 Td (for ) Tj ET Q q 0 0 0 rg BT 153.71 564.65 Td (a ) Tj ET Q q 0 0 0 rg BT 163.01 564.65 Td (new ) Tj ET Q q 0 0 0 rg BT 183.81 564.65 Td (wind ) Tj ET Q q 0 0 0 rg BT 206.61 564.65 Td (energy ) Tj ET Q q 0 0 0 rg BT 238.42 564.65 Td (project ) Tj ET Q q 0 0 0 rg BT 269.73 564.65 Td (to ) Tj ET Q q 0 0 0 rg BT 281.53 564.65 Td (the ) Tj ET Q q 0 0 0 rg BT 298.33 564.65 Td (Mi'gmaq ) Tj ET Q q 0 0 0 rg BT 336.35 564.65 Td (communities ) Tj ET Q q 0 0 0 rg BT 391.16 564.65 Td (of ) Tj ET Q q 0 0 0 rg BT 402.96 564.65 Td (Quebec, ) Tj ET Q q 0 0 0 rg BT 441.28 564.65 Td (with ) Tj ET Q q 0 0 0 rg BT 461.58 564.65 Td (whom ) Tj ET Q q 0 0 0 rg BT 489.88 564.65 Td (Innergex ) Tj ET Q q 0 0 0 rg BT 529.19 564.65 Td (has ) Tj ET Q q 0 0 0 rg BT 548.00 564.65 Td (a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 553.85 Td (partnership.) Tj ET Q q 0 0 0 rg BT 108.86 553.85 Td (The ) Tj ET Q q 0 0 0 rg BT 127.54 553.85 Td (partners ) Tj ET Q q 0 0 0 rg BT 163.72 553.85 Td (will ) Tj ET Q q 0 0 0 rg BT 179.38 553.85 Td (share ) Tj ET Q q 0 0 0 rg BT 205.05 553.85 Td (in ) Tj ET Q q 0 0 0 rg BT 215.22 553.85 Td (the ) Tj ET Q q 0 0 0 rg BT 230.90 553.85 Td (distributions ) Tj ET Q q 0 0 0 rg BT 282.08 553.85 Td (from ) Tj ET Q q 0 0 0 rg BT 303.25 553.85 Td (the ) Tj ET Q q 0 0 0 rg BT 318.92 553.85 Td (project ) Tj ET Q q 0 0 0 rg BT 349.10 553.85 Td (in ) Tj ET Q q 0 0 0 rg BT 359.27 553.85 Td (varying ) Tj ET Q q 0 0 0 rg BT 391.44 553.85 Td (proportions, ) Tj ET Q q 0 0 0 rg BT 442.14 553.85 Td (based ) Tj ET Q q 0 0 0 rg BT 469.82 553.85 Td (in ) Tj ET Q q 0 0 0 rg BT 479.99 553.85 Td (part ) Tj ET Q q 0 0 0 rg BT 498.66 553.85 Td (on ) Tj ET Q q 0 0 0 rg BT 511.83 553.85 Td (their ) Tj ET Q q 0 0 0 rg BT 532.51 553.85 Td (initial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 543.05 Td (equity ) Tj ET Q q 0 0 0 rg BT 85.83 543.05 Td (investment. ) Tj ET Q q 0 0 0 rg BT 134.66 543.05 Td (Initially) Tj ET Q q 0 0 0 rg BT 161.50 543.05 Td (, ) Tj ET Q q 0 0 0 rg BT 166.81 543.05 Td (the ) Tj ET Q q 0 0 0 rg BT 182.14 543.05 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 231.98 543.05 Td (expects ) Tj ET Q q 0 0 0 rg BT 265.80 543.05 Td (to ) Tj ET Q q 0 0 0 rg BT 276.12 543.05 Td (fund ) Tj ET Q q 0 0 0 rg BT 296.45 543.05 Td (a ) Tj ET Q q 0 0 0 rg BT 304.27 543.05 Td (majority ) Tj ET Q q 0 0 0 rg BT 338.58 543.05 Td (of ) Tj ET Q q 0 0 0 rg BT 348.90 543.05 Td (the ) Tj ET Q q 0 0 0 rg BT 364.23 543.05 Td (equity ) Tj ET Q q 0 0 0 rg BT 391.05 543.05 Td (investment ) Tj ET Q q 0 0 0 rg BT 437.38 543.05 Td (required ) Tj ET Q q 0 0 0 rg BT 473.22 543.05 Td (for ) Tj ET Q q 0 0 0 rg BT 486.53 543.05 Td (this ) Tj ET Q q 0 0 0 rg BT 503.35 543.05 Td (project; ) Tj ET Q q 0 0 0 rg BT 535.67 543.05 Td (as ) Tj ET Q q 0 0 0 rg BT 547.99 543.05 Td (a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 532.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 85.14 532.25 Td (it ) Tj ET Q q 0 0 0 rg BT 91.26 532.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 123.91 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 133.04 532.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 163.68 532.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 221.33 532.25 Td (75% ) Tj ET Q q 0 0 0 rg BT 240.97 532.25 Td (of ) Tj ET Q q 0 0 0 rg BT 250.11 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.25 532.25 Td (project's ) Tj ET Q q 0 0 0 rg BT 299.11 532.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 319.74 532.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 341.88 532.25 Td (during ) Tj ET Q q 0 0 0 rg BT 368.52 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.66 532.25 Td (first ) Tj ET Q q 0 0 0 rg BT 398.79 532.25 Td (year) Tj ET Q q 0 0 0 rg BT 415.80 532.25 Td (. ) Tj ET Q q 0 0 0 rg BT 419.92 532.25 Td (However) Tj ET Q q 0 0 0 rg BT 454.94 532.25 Td (, ) Tj ET Q q 0 0 0 rg BT 459.07 532.25 Td (during ) Tj ET Q q 0 0 0 rg BT 485.71 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.85 532.25 Td (first ) Tj ET Q q 0 0 0 rg BT 515.98 532.25 Td (15years, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 521.45 Td (the ) Tj ET Q q 0 0 0 rg BT 73.74 521.45 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 129.21 521.45 Td (partner ) Tj ET Q q 0 0 0 rg BT 159.95 521.45 Td (will ) Tj ET Q q 0 0 0 rg BT 174.68 521.45 Td (have ) Tj ET Q q 0 0 0 rg BT 196.42 521.45 Td (the ) Tj ET Q q 0 0 0 rg BT 211.16 521.45 Td (right ) Tj ET Q q 0 0 0 rg BT 230.89 521.45 Td (to ) Tj ET Q q 0 0 0 rg BT 240.63 521.45 Td (gradually ) Tj ET Q q 0 0 0 rg BT 279.38 521.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 315.62 521.45 Td (its ) Tj ET Q q 0 0 0 rg BT 326.85 521.45 Td (equity ) Tj ET Q q 0 0 0 rg BT 353.09 521.45 Td (investment ) Tj ET Q q 0 0 0 rg BT 398.84 521.45 Td (in ) Tj ET Q q 0 0 0 rg BT 408.07 521.45 Td (the ) Tj ET Q q 0 0 0 rg BT 422.81 521.45 Td (project ) Tj ET Q q 0 0 0 rg BT 452.05 521.45 Td (up ) Tj ET Q q 0 0 0 rg BT 464.29 521.45 Td (to ) Tj ET Q q 0 0 0 rg BT 474.02 521.45 Td (65% ) Tj ET Q q 0 0 0 rg BT 494.26 521.45 Td (\(by ) Tj ET Q q 0 0 0 rg BT 508.99 521.45 Td (purchasing ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 510.65 Td (portions ) Tj ET Q q 0 0 0 rg BT 93.71 510.65 Td (of ) Tj ET Q q 0 0 0 rg BT 103.91 510.65 Td (the ) Tj ET Q q 0 0 0 rg BT 119.11 510.65 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 175.04 510.65 Td (equity ) Tj ET Q q 0 0 0 rg BT 201.75 510.65 Td (at ) Tj ET Q q 0 0 0 rg BT 211.95 510.65 Td (a ) Tj ET Q q 0 0 0 rg BT 219.64 510.65 Td (price ) Tj ET Q q 0 0 0 rg BT 241.84 510.65 Td (based ) Tj ET Q q 0 0 0 rg BT 269.05 510.65 Td (on ) Tj ET Q q 0 0 0 rg BT 281.76 510.65 Td (the ) Tj ET Q q 0 0 0 rg BT 296.96 510.65 Td (present ) Tj ET Q q 0 0 0 rg BT 329.67 510.65 Td (value ) Tj ET Q q 0 0 0 rg BT 353.87 510.65 Td (of ) Tj ET Q q 0 0 0 rg BT 364.07 510.65 Td (future ) Tj ET Q q 0 0 0 rg BT 389.78 510.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 411.48 510.65 Td (flows ) Tj ET Q q 0 0 0 rg BT 434.67 510.65 Td (using ) Tj ET Q q 0 0 0 rg BT 458.88 510.65 Td (a ) Tj ET Q q 0 0 0 rg BT 466.58 510.65 Td (predetermined ) Tj ET Q q 0 0 0 rg BT 527.30 510.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 545.50 510.65 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 499.85 Td (return\) ) Tj ET Q q 0 0 0 rg BT 88.65 499.85 Td (and ) Tj ET Q q 0 0 0 rg BT 106.80 499.85 Td (therefore ) Tj ET Q q 0 0 0 rg BT 145.96 499.85 Td (receive ) Tj ET Q q 0 0 0 rg BT 178.11 499.85 Td (a ) Tj ET Q q 0 0 0 rg BT 186.25 499.85 Td (higher ) Tj ET Q q 0 0 0 rg BT 214.41 499.85 Td (proportion ) Tj ET Q q 0 0 0 rg BT 258.07 499.85 Td (of ) Tj ET Q q 0 0 0 rg BT 268.72 499.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 290.86 499.85 Td (flows. ) Tj ET Q q 0 0 0 rg BT 317.01 499.85 Td (In ) Tj ET Q q 0 0 0 rg BT 327.65 499.85 Td (any ) Tj ET Q q 0 0 0 rg BT 345.30 499.85 Td (event, ) Tj ET Q q 0 0 0 rg BT 372.95 499.85 Td (starting ) Tj ET Q q 0 0 0 rg BT 405.61 499.85 Td (in ) Tj ET Q q 0 0 0 rg BT 415.75 499.85 Td (the ) Tj ET Q q 0 0 0 rg BT 431.40 499.85 Td (16th ) Tj ET Q q 0 0 0 rg BT 452.05 499.85 Td (year) Tj ET Q q 0 0 0 rg BT 469.06 499.85 Td (, ) Tj ET Q q 0 0 0 rg BT 474.70 499.85 Td (the ) Tj ET Q q 0 0 0 rg BT 490.35 499.85 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 540.51 499.85 Td (will ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 489.05 Td (receive ) Tj ET Q q 0 0 0 rg BT 90.45 489.05 Td (no ) Tj ET Q q 0 0 0 rg BT 102.90 489.05 Td (less ) Tj ET Q q 0 0 0 rg BT 121.34 489.05 Td (than ) Tj ET Q q 0 0 0 rg BT 141.29 489.05 Td (35% ) Tj ET Q q 0 0 0 rg BT 161.74 489.05 Td (and ) Tj ET Q q 0 0 0 rg BT 179.20 489.05 Td (no ) Tj ET Q q 0 0 0 rg BT 191.64 489.05 Td (more ) Tj ET Q q 0 0 0 rg BT 214.59 489.05 Td (than ) Tj ET Q q 0 0 0 rg BT 234.54 489.05 Td (40%) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.12156862745098039 0.28627450980392155 0.49019607843137253 rg BT 252.55 489.05 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.99 489.05 Td (of ) Tj ET Q q 0 0 0 rg BT 264.93 489.05 Td (the ) Tj ET Q q 0 0 0 rg BT 279.88 489.05 Td (project's ) Tj ET Q q 0 0 0 rg BT 315.55 489.05 Td (annual ) Tj ET Q q 0 0 0 rg BT 345.01 489.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 366.46 489.05 Td (flows ) Tj ET Q q 0 0 0 rg BT 389.40 489.05 Td (for ) Tj ET Q q 0 0 0 rg BT 402.34 489.05 Td (the ) Tj ET Q q 0 0 0 rg BT 417.29 489.05 Td (remaining ) Tj ET Q q 0 0 0 rg BT 459.25 489.05 Td (life ) Tj ET Q q 0 0 0 rg BT 473.19 489.05 Td (of ) Tj ET Q q 0 0 0 rg BT 483.13 489.05 Td (the ) Tj ET Q q 0 0 0 rg BT 498.08 489.05 Td (project. ) Tj ET Q q 0 0 0 rg BT 529.55 489.05 Td (At ) Tj ET Q q 0 0 0 rg BT 540.49 489.05 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 478.25 Td (date ) Tj ET Q q 0 0 0 rg BT 79.16 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.30 478.25 Td (this ) Tj ET Q q 0 0 0 rg BT 105.94 478.25 Td (MD&A, ) Tj ET Q q 0 0 0 rg BT 137.09 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.24 478.25 Td (partners ) Tj ET Q q 0 0 0 rg BT 187.89 478.25 Td (were ) Tj ET Q q 0 0 0 rg BT 210.04 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 219.68 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.83 478.25 Td (process ) Tj ET Q q 0 0 0 rg BT 268.98 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.13 478.25 Td (negotiating ) Tj ET Q q 0 0 0 rg BT 325.80 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.95 478.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 366.09 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.24 478.25 Td (a ) Tj ET Q q 0 0 0 rg BT 383.88 478.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 424.53 478.25 Td (power ) Tj ET Q q 0 0 0 rg BT 451.68 478.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 491.34 478.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 537.01 478.25 Td (with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 467.45 Td (Hydro-Qubec ) Tj ET Q q 0 0 0 rg BT 120.90 467.45 Td (Distribution. ) Tj ET Q q 0 0 0 rg BT 171.58 467.45 Td (They ) Tj ET Q q 0 0 0 rg BT 194.97 467.45 Td (expect ) Tj ET Q q 0 0 0 rg BT 224.86 467.45 Td (to ) Tj ET Q q 0 0 0 rg BT 235.75 467.45 Td (sign ) Tj ET Q q 0 0 0 rg BT 255.64 467.45 Td (this ) Tj ET Q q 0 0 0 rg BT 273.02 467.45 Td (PP) Tj ET Q q 0 0 0 rg BT 284.36 467.45 Td (A) Tj ET Q q 0 0 0 rg BT 289.86 467.45 Td ( ) Tj ET Q q 0 0 0 rg BT 293.24 467.45 Td (shortly) Tj ET Q q 0 0 0 rg BT 319.08 467.45 Td (. ) Tj ET Q q 0 0 0 rg BT 324.74 467.45 Td (The ) Tj ET Q q 0 0 0 rg BT 343.63 467.45 Td (environmental ) Tj ET Q q 0 0 0 rg BT 403.54 467.45 Td (assessment ) Tj ET Q q 0 0 0 rg BT 454.94 467.45 Td (for ) Tj ET Q q 0 0 0 rg BT 468.82 467.45 Td (the ) Tj ET Q q 0 0 0 rg BT 484.71 467.45 Td (project ) Tj ET Q q 0 0 0 rg BT 515.10 467.45 Td (has ) Tj ET Q q 0 0 0 rg BT 532.99 467.45 Td (been ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 456.65 Td (completed ) Tj ET Q q 0 0 0 rg BT 103.19 456.65 Td (and ) Tj ET Q q 0 0 0 rg BT 120.87 456.65 Td (submitted ) Tj ET Q q 0 0 0 rg BT 162.55 456.65 Td (to ) Tj ET Q q 0 0 0 rg BT 172.72 456.65 Td (the ) Tj ET Q q 0 0 0 rg BT 187.89 456.65 Td (Ministry ) Tj ET Q q 0 0 0 rg BT 221.55 456.65 Td (of ) Tj ET Q q 0 0 0 rg BT 231.72 456.65 Td (Sustainable ) Tj ET Q q 0 0 0 rg BT 281.42 456.65 Td (Development, ) Tj ET Q q 0 0 0 rg BT 339.61 456.65 Td (Environment, ) Tj ET Q q 0 0 0 rg BT 395.30 456.65 Td (Wildlife ) Tj ET Q q 0 0 0 rg BT 426.97 456.65 Td (and ) Tj ET Q q 0 0 0 rg BT 444.65 456.65 Td (Parks. ) Tj ET Q q 0 0 0 rg BT 472.64 456.65 Td (The ) Tj ET Q q 0 0 0 rg BT 490.81 456.65 Td (partners ) Tj ET Q q 0 0 0 rg BT 526.49 456.65 Td (expect ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 445.85 Td (to ) Tj ET Q q 0 0 0 rg BT 69.36 445.85 Td (start ) Tj ET Q q 0 0 0 rg BT 89.72 445.85 Td (construction ) Tj ET Q q 0 0 0 rg BT 141.09 445.85 Td (on ) Tj ET Q q 0 0 0 rg BT 153.96 445.85 Td (this ) Tj ET Q q 0 0 0 rg BT 170.82 445.85 Td (project ) Tj ET Q q 0 0 0 rg BT 200.68 445.85 Td (in ) Tj ET Q q 0 0 0 rg BT 210.54 445.85 Td (2015. ) Tj ET Q q 0 0 0 rg BT 235.73 445.85 Td (The ) Tj ET Q q 0 0 0 rg BT 254.09 445.85 Td (timing ) Tj ET Q q 0 0 0 rg BT 280.96 445.85 Td (for ) Tj ET Q q 0 0 0 rg BT 294.31 445.85 Td (the ) Tj ET Q q 0 0 0 rg BT 309.68 445.85 Td (beginning ) Tj ET Q q 0 0 0 rg BT 351.57 445.85 Td (of ) Tj ET Q q 0 0 0 rg BT 361.93 445.85 Td (commercial ) Tj ET Q q 0 0 0 rg BT 410.79 445.85 Td (operation ) Tj ET Q q 0 0 0 rg BT 451.17 445.85 Td (is ) Tj ET Q q 0 0 0 rg BT 460.52 445.85 Td (expected ) Tj ET Q q 0 0 0 rg BT 499.90 445.85 Td (to ) Tj ET Q q 0 0 0 rg BT 510.26 445.85 Td (be ) Tj ET Q q 0 0 0 rg BT 523.13 445.85 Td (in ) Tj ET Q q 0 0 0 rg BT 532.98 445.85 Td (2016 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 435.05 Td (or2017.) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 413.00 Td (PROSPECTIVE PROJECTS) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 391.40 Td (All ) Tj ET Q q 0 0 0 rg BT 72.78 391.40 Td (the ) Tj ET Q q 0 0 0 rg BT 89.08 391.40 Td (Prospective ) Tj ET Q q 0 0 0 rg BT 139.88 391.40 Td (Projects, ) Tj ET Q q 0 0 0 rg BT 178.67 391.40 Td (with ) Tj ET Q q 0 0 0 rg BT 198.46 391.40 Td (a ) Tj ET Q q 0 0 0 rg BT 207.24 391.40 Td (combined ) Tj ET Q q 0 0 0 rg BT 250.05 391.40 Td (potential ) Tj ET Q q 0 0 0 rg BT 287.86 391.40 Td (net ) Tj ET Q q 0 0 0 rg BT 304.15 391.40 Td (installed ) Tj ET Q q 0 0 0 rg BT 340.95 391.40 Td (capacity ) Tj ET Q q 0 0 0 rg BT 377.75 391.40 Td (of ) Tj ET Q q 0 0 0 rg BT 389.04 391.40 Td (2,900MW ) Tj ET Q q 0 0 0 rg BT 433.83 391.40 Td (\(gross ) Tj ET Q q 0 0 0 rg BT 462.62 391.40 Td (3,125MW\), ) Tj ET Q q 0 0 0 rg BT 512.91 391.40 Td (are ) Tj ET Q q 0 0 0 rg BT 529.70 391.40 Td (in ) Tj ET Q q 0 0 0 rg BT 540.48 391.40 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 380.60 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 105.86 380.60 Td (development ) Tj ET Q q 0 0 0 rg BT 160.25 380.60 Td (stage. ) Tj ET Q q 0 0 0 rg BT 187.62 380.60 Td (Some ) Tj ET Q q 0 0 0 rg BT 213.99 380.60 Td (Prospective ) Tj ET Q q 0 0 0 rg BT 263.86 380.60 Td (Projects ) Tj ET Q q 0 0 0 rg BT 299.23 380.60 Td (are ) Tj ET Q q 0 0 0 rg BT 315.09 380.60 Td (targeted ) Tj ET Q q 0 0 0 rg BT 350.97 380.60 Td (toward ) Tj ET Q q 0 0 0 rg BT 380.83 380.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 413.70 380.60 Td (future ) Tj ET Q q 0 0 0 rg BT 439.56 380.60 Td (RFPs ) Tj ET Q q 0 0 0 rg BT 464.92 380.60 Td (or ) Tj ET Q q 0 0 0 rg BT 475.77 380.60 Td (SOPs, ) Tj ET Q q 0 0 0 rg BT 504.63 380.60 Td (while ) Tj ET Q q 0 0 0 rg BT 528.00 380.60 Td (others ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 369.80 Td (will ) Tj ET Q q 0 0 0 rg BT 74.00 369.80 Td (be ) Tj ET Q q 0 0 0 rg BT 86.51 369.80 Td (available ) Tj ET Q q 0 0 0 rg BT 124.54 369.80 Td (for ) Tj ET Q q 0 0 0 rg BT 137.54 369.80 Td (future ) Tj ET Q q 0 0 0 rg BT 163.05 369.80 Td (RFPs ) Tj ET Q q 0 0 0 rg BT 188.05 369.80 Td (yet ) Tj ET Q q 0 0 0 rg BT 202.56 369.80 Td (to ) Tj ET Q q 0 0 0 rg BT 212.57 369.80 Td (be ) Tj ET Q q 0 0 0 rg BT 225.08 369.80 Td (announced. ) Tj ET Q q 0 0 0 rg BT 274.46 369.80 Td (There ) Tj ET Q q 0 0 0 rg BT 300.47 369.80 Td (is ) Tj ET Q q 0 0 0 rg BT 309.47 369.80 Td (no ) Tj ET Q q 0 0 0 rg BT 321.98 369.80 Td (certainty ) Tj ET Q q 0 0 0 rg BT 358.50 369.80 Td (that ) Tj ET Q q 0 0 0 rg BT 376.01 369.80 Td (any ) Tj ET Q q 0 0 0 rg BT 393.02 369.80 Td (Prospective ) Tj ET Q q 0 0 0 rg BT 442.54 369.80 Td (Project ) Tj ET Q q 0 0 0 rg BT 473.05 369.80 Td (will ) Tj ET Q q 0 0 0 rg BT 488.05 369.80 Td (be ) Tj ET Q q 0 0 0 rg BT 500.56 369.80 Td (realized.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 348.20 Td (Additional ) Tj ET Q q 0 0 0 rg BT 100.38 348.20 Td (information ) Tj ET Q q 0 0 0 rg BT 146.76 348.20 Td (about ) Tj ET Q q 0 0 0 rg BT 171.13 348.20 Td (the ) Tj ET Q q 0 0 0 rg BT 185.50 348.20 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 240.59 348.20 Td (facilities ) Tj ET Q q 0 0 0 rg BT 274.46 348.20 Td (and ) Tj ET Q q 0 0 0 rg BT 291.33 348.20 Td (projects ) Tj ET Q q 0 0 0 rg BT 324.69 348.20 Td (can ) Tj ET Q q 0 0 0 rg BT 341.06 348.20 Td (be ) Tj ET Q q 0 0 0 rg BT 352.92 348.20 Td (found ) Tj ET Q q 0 0 0 rg BT 377.30 348.20 Td (in ) Tj ET Q q 0 0 0 rg BT 386.16 348.20 Td (the ) Tj ET Q q 0 0 0 rg BT 400.52 348.20 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 455.25 348.20 Td (Annual ) Tj ET Q q 0 0 0 rg BT 485.13 348.20 Td (Information ) Tj ET Q q 0 0 0 rg BT 532.00 348.20 Td (Form ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 337.40 Td (for ) Tj ET Q q 0 0 0 rg BT 72.00 337.40 Td (the ) Tj ET Q q 0 0 0 rg BT 87.02 337.40 Td (year ) Tj ET Q q 0 0 0 rg BT 107.02 337.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 134.55 337.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 193.58 337.40 Td (2012, ) Tj ET Q q 0 0 0 rg BT 218.60 337.40 Td (which ) Tj ET Q q 0 0 0 rg BT 244.11 337.40 Td (is ) Tj ET Q q 0 0 0 rg BT 253.11 337.40 Td (filed ) Tj ET Q q 0 0 0 rg BT 272.12 337.40 Td (on ) Tj ET Q q 0 0 0 rg BT 284.63 337.40 Td (SEDAR ) Tj ET Q q 0 0 0 rg BT 318.14 337.40 Td (at ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 328.1474609375 336.116796875 m 393.669921875 336.116796875 l s q 0 0 1 rg BT 328.15 337.40 Td (www) Tj ET Q q 0 0 1 rg BT 347.15 337.40 Td (.sedar) Tj ET Q q 0 0 1 rg BT 371.67 337.40 Td (.com.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 393.67 337.40 Td ( ) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 12) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 694.00 Td (OPERA) Tj ET Q q 0.2 0 0.6 rg BT 97.30 694.00 Td (TING RESUL) Tj ET Q q 0.2 0 0.6 rg BT 163.10 694.00 Td (TS) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 670.00 Td (Production ) Tj ET Q q 0.2 0 0.6 rg BT 110.39 670.00 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 122.31 670.00 Td (electricity ) Tj ET Q q 0.2 0 0.6 rg BT 167.57 670.00 Td (in ) Tj ET Q q 0.2 0 0.6 rg BT 178.94 670.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 196.42 670.00 Td (second ) Tj ET Q q 0.2 0 0.6 rg BT 232.25 670.00 Td (quarter ) Tj ET Q q 0.2 0 0.6 rg BT 267.52 670.00 Td (was ) Tj ET Q q 0.2 0 0.6 rg BT 288.88 670.00 Td (103% ) Tj ET Q q 0.2 0 0.6 rg BT 318.04 670.00 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 329.97 670.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 347.45 670.00 Td (long-term ) Tj ET Q q 0.2 0 0.6 rg BT 393.27 670.00 Td (average ) Tj ET Q q 0.2 0 0.6 rg BT 432.99 670.00 Td (due ) Tj ET Q q 0.2 0 0.6 rg BT 453.26 670.00 Td (to ) Tj ET Q q 0.2 0 0.6 rg BT 465.18 670.00 Td (better-than-average ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 658.00 Td (water ) Tj ET Q q 0.2 0 0.6 rg BT 85.93 658.00 Td (flows ) Tj ET Q q 0.2 0 0.6 rg BT 111.19 658.00 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 130.35 658.00 Td (solar ) Tj ET Q q 0.2 0 0.6 rg BT 154.50 658.00 Td (irradiation, ) Tj ET Q q 0.2 0 0.6 rg BT 203.67 658.00 Td (while ) Tj ET Q q 0.2 0 0.6 rg BT 228.94 658.00 Td (wind ) Tj ET Q q 0.2 0 0.6 rg BT 251.98 658.00 Td (regimes ) Tj ET Q q 0.2 0 0.6 rg BT 290.02 658.00 Td (were ) Tj ET Q q 0.2 0 0.6 rg BT 314.17 658.00 Td (generally ) Tj ET Q q 0.2 0 0.6 rg BT 357.23 658.00 Td (slightly ) Tj ET Q q 0.2 0 0.6 rg BT 390.28 658.00 Td (lower ) Tj ET Q q 0.2 0 0.6 rg BT 416.65 658.00 Td (than ) Tj ET Q q 0.2 0 0.6 rg BT 438.59 658.00 Td (expected. ) Tj ET Q q 0.2 0 0.6 rg BT 484.43 658.00 Td (For ) Tj ET Q q 0.2 0 0.6 rg BT 501.91 658.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 518.29 658.00 Td (first ) Tj ET Q q 0.2 0 0.6 rg BT 536.87 658.00 Td (half ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 646.00 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 70.40 646.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 87.37 646.00 Td (year) Tj ET Q q 0.2 0 0.6 rg BT 106.27 646.00 Td (, ) Tj ET Q q 0.2 0 0.6 rg BT 112.11 646.00 Td (production ) Tj ET Q q 0.2 0 0.6 rg BT 161.88 646.00 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 173.28 646.00 Td (electricity ) Tj ET Q q 0.2 0 0.6 rg BT 218.02 646.00 Td (reached ) Tj ET Q q 0.2 0 0.6 rg BT 257.22 646.00 Td (96% ) Tj ET Q q 0.2 0 0.6 rg BT 280.30 646.00 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 291.71 646.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 308.67 646.00 Td (long-term ) Tj ET Q q 0.2 0 0.6 rg BT 353.97 646.00 Td (average, ) Tj ET Q q 0.2 0 0.6 rg BT 395.95 646.00 Td (reflecting ) Tj ET Q q 0.2 0 0.6 rg BT 439.59 646.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 456.56 646.00 Td (impact ) Tj ET Q q 0.2 0 0.6 rg BT 489.08 646.00 Td (during ) Tj ET Q q 0.2 0 0.6 rg BT 519.94 646.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 536.91 646.00 Td (first ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 634.00 Td (quarter ) Tj ET Q q 0.2 0 0.6 rg BT 93.49 634.00 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 104.63 634.00 Td (low ) Tj ET Q q 0.2 0 0.6 rg BT 122.43 634.00 Td (water ) Tj ET Q q 0.2 0 0.6 rg BT 149.69 634.00 Td (flows ) Tj ET Q q 0.2 0 0.6 rg BT 175.27 634.00 Td (in ) Tj ET Q q 0.2 0 0.6 rg BT 185.86 634.00 Td (British ) Tj ET Q q 0.2 0 0.6 rg BT 216.44 634.00 Td (Columbia ) Tj ET Q q 0.2 0 0.6 rg BT 261.48 634.00 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 280.97 634.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 297.67 634.00 Td (United ) Tj ET Q q 0.2 0 0.6 rg BT 329.38 634.00 Td (States ) Tj ET Q q 0.2 0 0.6 rg BT 360.53 634.00 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 380.02 634.00 Td (below-average ) Tj ET Q q 0.2 0 0.6 rg BT 448.41 634.00 Td (wind ) Tj ET Q q 0.2 0 0.6 rg BT 471.78 634.00 Td (conditions ) Tj ET Q q 0.2 0 0.6 rg BT 519.61 634.00 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 539.10 634.00 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 622.00 Td (ef) Tj ET Q q 0.2 0 0.6 rg BT 67.16 622.00 Td (fects ) Tj ET Q q 0.2 0 0.6 rg BT 91.06 622.00 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 102.17 622.00 Td (unusually ) Tj ET Q q 0.2 0 0.6 rg BT 147.20 622.00 Td (large ) Tj ET Q q 0.2 0 0.6 rg BT 172.22 622.00 Td (snowfalls ) Tj ET Q q 0.2 0 0.6 rg BT 216.12 622.00 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 235.59 622.00 Td (snow ) Tj ET Q q 0.2 0 0.6 rg BT 261.71 622.00 Td (removal ) Tj ET Q q 0.2 0 0.6 rg BT 300.05 622.00 Td (activities ) Tj ET Q q 0.2 0 0.6 rg BT 341.18 622.00 Td (at ) Tj ET Q q 0.2 0 0.6 rg BT 352.30 622.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 368.98 622.00 Td (Stardale ) Tj ET Q q 0.2 0 0.6 rg BT 409.00 622.00 Td (solar ) Tj ET Q q 0.2 0 0.6 rg BT 433.45 622.00 Td (farm.) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 598.00 Td (Revenues ) Tj ET Q q 0.2 0 0.6 rg BT 106.94 598.00 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 125.95 598.00 Td (Adjusted ) Tj ET Q q 0.2 0 0.6 rg BT 167.77 598.00 Td (EBITDA) Tj ET Q q 0.2 0 0.6 rg BT 203.34 598.00 Td ( ) Tj ET Q q 0.2 0 0.6 rg BT 206.24 598.00 Td (increased ) Tj ET Q q 0.2 0 0.6 rg BT 252.51 598.00 Td (16% ) Tj ET Q q 0.2 0 0.6 rg BT 275.43 598.00 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 295.02 598.00 Td (15% ) Tj ET Q q 0.2 0 0.6 rg BT 317.94 598.00 Td (respectively ) Tj ET Q q 0.2 0 0.6 rg BT 373.64 598.00 Td (in ) Tj ET Q q 0.2 0 0.6 rg BT 384.33 598.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 401.14 598.00 Td (second ) Tj ET Q q 0.2 0 0.6 rg BT 436.29 598.00 Td (quarter ) Tj ET Q q 0.2 0 0.6 rg BT 470.88 598.00 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 490.47 598.00 Td (20% ) Tj ET Q q 0.2 0 0.6 rg BT 513.39 598.00 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 532.98 598.00 Td (22% ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 586.00 Td (respectively ) Tj ET Q q 0.2 0 0.6 rg BT 114.70 586.00 Td (in ) Tj ET Q q 0.2 0 0.6 rg BT 125.38 586.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 142.17 586.00 Td (first ) Tj ET Q q 0.2 0 0.6 rg BT 161.18 586.00 Td (half ) Tj ET Q q 0.2 0 0.6 rg BT 180.20 586.00 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 191.44 586.00 Td (2013. ) Tj ET Q q 0.2 0 0.6 rg BT 219.17 586.00 Td (These ) Tj ET Q q 0.2 0 0.6 rg BT 249.86 586.00 Td (increases ) Tj ET Q q 0.2 0 0.6 rg BT 295.56 586.00 Td (are ) Tj ET Q q 0.2 0 0.6 rg BT 312.91 586.00 Td (due ) Tj ET Q q 0.2 0 0.6 rg BT 332.49 586.00 Td (to ) Tj ET Q q 0.2 0 0.6 rg BT 343.73 586.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 360.53 586.00 Td (commissioning ) Tj ET Q q 0.2 0 0.6 rg BT 429.56 586.00 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 440.79 586.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 457.59 586.00 Td (Stardale ) Tj ET Q q 0.2 0 0.6 rg BT 497.74 586.00 Td (solar ) Tj ET Q q 0.2 0 0.6 rg BT 522.31 586.00 Td (farm ) Tj ET Q q 0.2 0 0.6 rg BT 545.21 586.00 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 574.00 Td (May ) Tj ET Q q 0.2 0 0.6 rg BT 81.43 574.00 Td (2012, ) Tj ET Q q 0.2 0 0.6 rg BT 110.00 574.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 127.44 574.00 Td (addition ) Tj ET Q q 0.2 0 0.6 rg BT 166.01 574.00 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 177.90 574.00 Td (capacity ) Tj ET Q q 0.2 0 0.6 rg BT 218.12 574.00 Td (at ) Tj ET Q q 0.2 0 0.6 rg BT 230.00 574.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 247.45 574.00 Td (Gros-Morne ) Tj ET Q q 0.2 0 0.6 rg BT 304.33 574.00 Td (wind ) Tj ET Q q 0.2 0 0.6 rg BT 328.44 574.00 Td (farm ) Tj ET Q q 0.2 0 0.6 rg BT 351.99 574.00 Td (in ) Tj ET Q q 0.2 0 0.6 rg BT 363.31 574.00 Td (November ) Tj ET Q q 0.2 0 0.6 rg BT 412.98 574.00 Td (2012 ) Tj ET Q q 0.2 0 0.6 rg BT 438.77 574.00 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 459.00 574.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 476.44 574.00 Td (acquisition ) Tj ET Q q 0.2 0 0.6 rg BT 527.23 574.00 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 539.11 574.00 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 562.00 Td (Brown ) Tj ET Q q 0.2 0 0.6 rg BT 90.12 562.00 Td (Lake ) Tj ET Q q 0.2 0 0.6 rg BT 114.59 562.00 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 134.05 562.00 Td (Miller ) Tj ET Q q 0.2 0 0.6 rg BT 160.71 562.00 Td (Creek ) Tj ET Q q 0.2 0 0.6 rg BT 190.17 562.00 Td (hydroelectric ) Tj ET Q q 0.2 0 0.6 rg BT 249.63 562.00 Td (facilities ) Tj ET Q q 0.2 0 0.6 rg BT 287.98 562.00 Td (in ) Tj ET Q q 0.2 0 0.6 rg BT 298.54 562.00 Td (October ) Tj ET Q q 0.2 0 0.6 rg BT 336.89 562.00 Td (2012.) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 538.00 Td (The ) Tj ET Q q 0.2 0 0.6 rg BT 78.53 538.00 Td (Corporation's ) Tj ET Q q 0.2 0 0.6 rg BT 139.99 538.00 Td (operating ) Tj ET Q q 0.2 0 0.6 rg BT 183.99 538.00 Td (results ) Tj ET Q q 0.2 0 0.6 rg BT 215.75 538.00 Td (for ) Tj ET Q q 0.2 0 0.6 rg BT 229.72 538.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 245.92 538.00 Td (three- ) Tj ET Q q 0.2 0 0.6 rg BT 274.34 538.00 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 293.33 538.00 Td (six-month ) Tj ET Q q 0.2 0 0.6 rg BT 338.97 538.00 Td (periods ) Tj ET Q q 0.2 0 0.6 rg BT 374.07 538.00 Td (ended ) Tj ET Q q 0.2 0 0.6 rg BT 404.18 538.00 Td (June ) Tj ET Q q 0.2 0 0.6 rg BT 428.17 538.00 Td (30, ) Tj ET Q q 0.2 0 0.6 rg BT 444.37 538.00 Td (2013, ) Tj ET Q q 0.2 0 0.6 rg BT 471.69 538.00 Td (are ) Tj ET Q q 0.2 0 0.6 rg BT 488.45 538.00 Td (compared ) Tj ET Q q 0.2 0 0.6 rg BT 535.22 538.00 Td (with ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 526.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 75.68 526.00 Td (operating ) Tj ET Q q 0.2 0 0.6 rg BT 120.16 526.00 Td (results ) Tj ET Q q 0.2 0 0.6 rg BT 152.39 526.00 Td (for ) Tj ET Q q 0.2 0 0.6 rg BT 166.84 526.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 183.52 526.00 Td (same ) Tj ET Q q 0.2 0 0.6 rg BT 210.75 526.00 Td (periods ) Tj ET Q q 0.2 0 0.6 rg BT 246.32 526.00 Td (in ) Tj ET Q q 0.2 0 0.6 rg BT 256.89 526.00 Td (2012.) Tj ET Q BT /F4 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 502.00 Td (Electricity ) Tj ET Q q 0.2 0 0.6 rg BT 109.58 502.00 Td (Production) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 480.40 Td (When ) Tj ET Q q 0 0 0 rg BT 84.34 480.40 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 127.20 480.40 Td (its ) Tj ET Q q 0 0 0 rg BT 138.03 480.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 177.38 480.40 Td (results, ) Tj ET Q q 0 0 0 rg BT 208.22 480.40 Td (the ) Tj ET Q q 0 0 0 rg BT 222.56 480.40 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 271.41 480.40 Td (compares ) Tj ET Q q 0 0 0 rg BT 312.75 480.40 Td (actual ) Tj ET Q q 0 0 0 rg BT 338.60 480.40 Td (electricity ) Tj ET Q q 0 0 0 rg BT 377.93 480.40 Td (generation ) Tj ET Q q 0 0 0 rg BT 422.29 480.40 Td (with ) Tj ET Q q 0 0 0 rg BT 440.13 480.40 Td (a ) Tj ET Q q 0 0 0 rg BT 446.96 480.40 Td (long-term ) Tj ET Q q 0 0 0 rg BT 486.80 480.40 Td (average ) Tj ET Q q 0 0 0 rg BT 521.15 480.40 Td (for ) Tj ET Q q 0 0 0 rg BT 533.48 480.40 Td (each ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 469.60 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 112.17 469.60 Td (facility) Tj ET Q q 0 0 0 rg BT 136.51 469.60 Td (, ) Tj ET Q q 0 0 0 rg BT 141.16 469.60 Td (wind ) Tj ET Q q 0 0 0 rg BT 161.82 469.60 Td (farm ) Tj ET Q q 0 0 0 rg BT 181.98 469.60 Td (and ) Tj ET Q q 0 0 0 rg BT 199.15 469.60 Td (solar ) Tj ET Q q 0 0 0 rg BT 220.81 469.60 Td (farm. ) Tj ET Q q 0 0 0 rg BT 243.32 469.60 Td (These ) Tj ET Q q 0 0 0 rg BT 270.48 469.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 310.65 469.60 Td (averages ) Tj ET Q q 0 0 0 rg BT 349.83 469.60 Td (are ) Tj ET Q q 0 0 0 rg BT 364.99 469.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 412.16 469.60 Td (to ) Tj ET Q q 0 0 0 rg BT 421.82 469.60 Td (allow ) Tj ET Q q 0 0 0 rg BT 444.48 469.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 484.65 469.60 Td (forecasting ) Tj ET Q q 0 0 0 rg BT 530.83 469.60 Td (of ) Tj ET Q q 0 0 0 rg BT 540.48 469.60 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 458.80 Td (expected ) Tj ET Q q 0 0 0 rg BT 98.03 458.80 Td (generation ) Tj ET Q q 0 0 0 rg BT 143.06 458.80 Td (for ) Tj ET Q q 0 0 0 rg BT 156.07 458.80 Td (each ) Tj ET Q q 0 0 0 rg BT 178.08 458.80 Td (of ) Tj ET Q q 0 0 0 rg BT 188.09 458.80 Td (the ) Tj ET Q q 0 0 0 rg BT 203.10 458.80 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 258.85 458.80 Td (facilities. ) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.50 448.30 80.00 -48.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 138.50 448.30 207.00 -12.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 345.50 448.30 207.00 -12.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 138.50 436.30 52.00 -36.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 190.50 436.30 51.00 -36.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 241.50 436.30 52.00 -36.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 293.50 436.30 52.00 -36.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 345.50 436.30 51.00 -36.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 396.50 436.30 52.00 -36.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 448.50 436.30 52.00 -36.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 500.50 436.30 52.00 -36.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 138.50 400.30 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 190.50 400.30 51.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 241.50 400.30 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 293.50 400.30 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 138.50 385.30 52.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 190.50 385.30 51.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 241.50 385.30 52.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 293.50 385.30 52.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 138.50 372.30 52.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 190.50 372.30 51.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 241.50 372.30 52.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 293.50 372.30 52.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 138.50 359.30 52.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 190.50 359.30 51.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 241.50 359.30 52.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 293.50 359.30 52.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 138.50 346.30 52.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 190.50 346.30 51.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 241.50 346.30 52.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 293.50 346.30 52.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 138.50 333.30 52.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 190.50 333.30 51.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 241.50 333.30 52.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 293.50 333.30 52.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 138.50 320.30 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 190.50 320.30 51.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 241.50 320.30 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 293.50 320.30 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 138.50 305.30 52.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 190.50 305.30 51.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 241.50 305.30 52.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 293.50 305.30 52.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 138.50 292.30 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 190.50 292.30 51.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 241.50 292.30 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 293.50 292.30 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 138.50 277.30 52.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 190.50 277.30 51.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 241.50 277.30 52.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 293.50 277.30 52.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 138.50 264.30 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 190.50 264.30 51.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 241.50 264.30 52.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 293.50 264.30 52.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 400.29999999999995 m 138.5 400.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 400.29999999999995 m 190.5 400.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 400.29999999999995 m 241.5 400.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 400.29999999999995 m 293.5 400.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 400.29999999999995 m 345.5 400.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 400.29999999999995 m 396.5 400.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 400.29999999999995 m 448.5 400.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 400.29999999999995 m 500.5 400.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 400.29999999999995 m 552.5 400.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 333.29999999999995 m 138.5 333.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 333.29999999999995 m 190.5 333.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 333.29999999999995 m 241.5 333.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 333.29999999999995 m 293.5 333.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 333.29999999999995 m 345.5 333.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 333.29999999999995 m 396.5 333.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 333.29999999999995 m 448.5 333.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 333.29999999999995 m 500.5 333.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 333.29999999999995 m 552.5 333.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 333.29999999999995 m 138.5 333.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 333.29999999999995 m 345.5 333.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 333.29999999999995 m 552.5 333.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 264.29999999999995 m 138.5 264.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 264.29999999999995 m 190.5 264.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 264.29999999999995 m 241.5 264.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 264.29999999999995 m 293.5 264.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 264.29999999999995 m 345.5 264.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 264.29999999999995 m 396.5 264.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 264.29999999999995 m 448.5 264.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 264.29999999999995 m 500.5 264.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 264.29999999999995 m 552.5 264.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 264.29999999999995 m 138.5 264.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 250.29999999999995 m 138.5 250.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 248.29999999999995 m 138.5 248.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 264.29999999999995 m 190.5 264.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 250.29999999999995 m 190.5 250.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 248.29999999999995 m 190.5 248.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 264.29999999999995 m 241.5 264.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 250.29999999999995 m 241.5 250.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 248.29999999999995 m 241.5 248.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 264.29999999999995 m 293.5 264.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 250.29999999999995 m 293.5 250.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 248.29999999999995 m 293.5 248.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 264.29999999999995 m 345.5 264.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 250.29999999999995 m 345.5 250.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 248.29999999999995 m 345.5 248.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 264.29999999999995 m 396.5 264.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 250.29999999999995 m 396.5 250.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 248.29999999999995 m 396.5 248.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 264.29999999999995 m 448.5 264.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 250.29999999999995 m 448.5 250.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 248.29999999999995 m 448.5 248.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 264.29999999999995 m 500.5 264.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 250.29999999999995 m 500.5 250.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 248.29999999999995 m 500.5 248.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 264.29999999999995 m 552.5 264.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 250.29999999999995 m 552.5 250.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 248.29999999999995 m 552.5 248.29999999999995 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 61.00 439.25 Td (For the three-) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 61.00 430.25 Td (month periods) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 61.00 421.25 Td (ended June 30) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 231.45 439.25 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 438.45 439.25 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 142.45 420.50 Td (Production ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 148.85 411.50 Td (\(MWh\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 175.84 415.79 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 193.40 416.00 Td (L) Tj ET Q q 1 1 1 rg BT 197.74 416.00 Td (T) Tj ET Q q 1 1 1 rg BT 202.57 416.00 Td (A) Tj ET Q q 1 1 1 rg BT 208.07 416.00 Td ( \(MWh\)) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 245.45 425.00 Td (Production) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 248.20 416.00 Td (as a % of) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 259.65 407.00 Td (LTA) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 302.30 425.00 Td (A) Tj ET Q q 1 1 1 rg BT 308.14 425.00 Td (verage ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 309.20 416.00 Td (price) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 328.71 420.29 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 300.10 407.00 Td (\($/MWh\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 334.60 411.29 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 348.95 420.50 Td (Production ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 355.35 411.50 Td (\(MWh\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 382.34 415.79 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 399.90 416.00 Td (L) Tj ET Q q 1 1 1 rg BT 404.24 416.00 Td (T) Tj ET Q q 1 1 1 rg BT 409.07 416.00 Td (A) Tj ET Q q 1 1 1 rg BT 414.57 416.00 Td ( \(MWh\)) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 452.45 425.00 Td (Production) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 455.20 416.00 Td (as a % of) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 466.65 407.00 Td (LTA) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 509.30 425.00 Td (A) Tj ET Q q 1 1 1 rg BT 515.14 425.00 Td (verage ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 516.20 416.00 Td (price) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 535.71 420.29 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 507.10 407.00 Td (\($/MWh\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 541.60 411.29 Td (2) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.00 389.70 Td (HYDRO) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 376.25 Td (Quebec) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 148.45 376.25 Td (120,626) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 199.45 376.25 Td (117,910) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 257.90 376.25 Td (102) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 272.95 376.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.10 376.25 Td (83.16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.45 376.25 Td (126,672) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 406.45 376.25 Td (117,910) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.90 376.25 Td (107) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.95 376.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.10 376.25 Td (73.94) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 67.00 363.25 Td (Ontario) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 153.45 363.25 Td (23,386) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 204.45 363.25 Td (20,805) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 257.90 363.25 Td (112) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 272.95 363.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.10 363.25 Td (65.73) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.45 363.25 Td (15,154) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 411.45 363.25 Td (19,300) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.90 363.25 Td (79) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.95 363.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.10 363.25 Td (65.34) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 67.00 350.25 Td (British Columbia) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 148.45 350.25 Td (475,580) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 199.45 350.25 Td (455,841) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 257.90 350.25 Td (104) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 272.95 350.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.10 350.25 Td (71.10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.45 350.25 Td (409,214) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 406.45 350.25 Td (409,074) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.90 350.25 Td (100) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.95 350.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.10 350.25 Td (74.41) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 67.00 337.25 Td (United States) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 153.45 337.25 Td (19,402) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 204.45 337.25 Td (16,956) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 257.90 337.25 Td (114) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 272.95 337.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.10 337.25 Td (63.45) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.45 337.25 Td (18,945) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 411.45 337.25 Td (16,956) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.90 337.25 Td (112) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.95 337.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.10 337.25 Td (59.38) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 324.25 Td (Subtotal) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 148.45 324.25 Td (638,994) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 199.45 324.25 Td (611,512) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 257.90 324.25 Td (104) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 272.95 324.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.10 324.25 Td (72.94) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.00 324.25 Td (569,985) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 406.45 324.25 Td (563,240) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.90 324.25 Td (101) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.95 324.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.10 324.25 Td (73.57) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 67.00 309.70 Td (WIND) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 296.25 Td (Quebec) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 148.45 296.25 Td (140,551) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 199.45 296.25 Td (142,805) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 262.90 296.25 Td (98) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 272.95 296.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.10 296.25 Td (78.96) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.45 296.25 Td (110,873) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 406.45 296.25 Td (115,929) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.90 296.25 Td (96) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.95 296.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.10 296.25 Td (81.48) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 67.00 281.70 Td (SOLAR) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 268.25 Td (Ontario) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 153.45 268.25 Td (12,997) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 204.45 268.25 Td (12,644) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 257.90 268.25 Td (103) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 272.95 268.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.10 268.25 Td (420.00) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.45 268.25 Td (13,804) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 411.10 268.25 Td (12,797) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.90 268.25 Td (108) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.95 268.25 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.10 268.25 Td (245.90) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 253.70 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 148.45 253.70 Td (792,542) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 199.10 253.70 Td (766,961) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 257.90 253.70 Td (103) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 272.95 253.70 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.10 253.70 Td (79.70) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 354.45 253.70 Td (694,662) Tj ET Q BT /F3 9.00 Tf ET q 0.2 0.2 0.2 rg BT 406.10 253.70 Td (691,966) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 464.90 253.70 Td (100) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.95 253.70 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.10 253.70 Td (78.25) Tj ET Q BT /F2 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 59.00 240.20 Td (1. ) Tj ET Q q 0 0 0 rg BT 67.73 240.20 Td (As ) Tj ET Q q 0 0 0 rg BT 79.63 240.20 Td (a ) Tj ET Q q 0 0 0 rg BT 86.64 240.20 Td (result ) Tj ET Q q 0 0 0 rg BT 108.77 240.20 Td (of ) Tj ET Q q 0 0 0 rg BT 118.01 240.20 Td (the ) Tj ET Q q 0 0 0 rg BT 131.70 240.20 Td (application ) Tj ET Q q 0 0 0 rg BT 172.51 240.20 Td (of ) Tj ET Q q 0 0 0 rg BT 181.75 240.20 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 202.54 240.20 Td (1) Tj ET Q q 0 0 0 rg BT 206.39 240.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 215.63 240.20 Td (the ) Tj ET Q q 0 0 0 rg BT 229.32 240.20 Td (Umbata ) Tj ET Q q 0 0 0 rg BT 259.89 240.20 Td (Falls ) Tj ET Q q 0 0 0 rg BT 279.35 240.20 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 327.27 240.20 Td (facility ) Tj ET Q q 0 0 0 rg BT 352.06 240.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 387.53 240.20 Td (are ) Tj ET Q q 0 0 0 rg BT 401.66 240.20 Td (not ) Tj ET Q q 0 0 0 rg BT 415.35 240.20 Td (included ) Tj ET Q q 0 0 0 rg BT 447.71 240.20 Td (in ) Tj ET Q q 0 0 0 rg BT 456.51 240.20 Td (the ) Tj ET Q q 0 0 0 rg BT 470.19 240.20 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 520.09 240.20 Td (revenues ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 230.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 86.90 230.60 Td (for ) Tj ET Q q 0 0 0 rg BT 99.58 230.60 Td (the ) Tj ET Q q 0 0 0 rg BT 114.03 230.60 Td (sake ) Tj ET Q q 0 0 0 rg BT 134.26 230.60 Td (of ) Tj ET Q q 0 0 0 rg BT 144.27 230.60 Td (consistency) Tj ET Q q 0 0 0 rg BT 185.47 230.60 Td (, ) Tj ET Q q 0 0 0 rg BT 191.03 230.60 Td (its ) Tj ET Q q 0 0 0 rg BT 202.36 230.60 Td (electricity ) Tj ET Q q 0 0 0 rg BT 239.04 230.60 Td (production ) Tj ET Q q 0 0 0 rg BT 279.73 230.60 Td (has ) Tj ET Q q 0 0 0 rg BT 295.97 230.60 Td (been ) Tj ET Q q 0 0 0 rg BT 317.10 230.60 Td (excluded ) Tj ET Q q 0 0 0 rg BT 352.46 230.60 Td (from ) Tj ET Q q 0 0 0 rg BT 371.79 230.60 Td (the ) Tj ET Q q 0 0 0 rg BT 386.25 230.60 Td (production ) Tj ET Q q 0 0 0 rg BT 426.94 230.60 Td (table. ) Tj ET Q q 0 0 0 rg BT 449.84 230.60 Td (For ) Tj ET Q q 0 0 0 rg BT 465.18 230.60 Td (more ) Tj ET Q q 0 0 0 rg BT 486.74 230.60 Td (information ) Tj ET Q q 0 0 0 rg BT 529.65 230.60 Td (on ) Tj ET Q q 0 0 0 rg BT 541.88 230.60 Td (the ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 221.00 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 117.55 221.00 Td (joint ) Tj ET Q q 0 0 0 rg BT 134.45 221.00 Td (ventures, ) Tj ET Q q 0 0 0 rg BT 169.58 221.00 Td (please ) Tj ET Q q 0 0 0 rg BT 195.38 221.00 Td (refer ) Tj ET Q q 0 0 0 rg BT 214.05 221.00 Td (to ) Tj ET Q q 0 0 0 rg BT 222.94 221.00 Td (the ) Tj ET Q q 0 0 0 rg BT 236.29 221.00 Td ("Investments ) Tj ET Q q 0 0 0 rg BT 284.48 221.00 Td (in ) Tj ET Q q 0 0 0 rg BT 292.93 221.00 Td (Joint ) Tj ET Q q 0 0 0 rg BT 312.05 221.00 Td (V) Tj ET Q q 0 0 0 rg BT 316.94 221.00 Td (entures" ) Tj ET Q q 0 0 0 rg BT 348.69 221.00 Td (section.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 59.00 211.40 Td (2. ) Tj ET Q q 0 0 0 rg BT 67.08 211.40 Td (Including ) Tj ET Q q 0 0 0 rg BT 100.51 211.40 Td (all ) Tj ET Q q 0 0 0 rg BT 109.93 211.40 Td (payment ) Tj ET Q q 0 0 0 rg BT 142.02 211.40 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 186.56 211.40 Td (related ) Tj ET Q q 0 0 0 rg BT 212.43 211.40 Td (to ) Tj ET Q q 0 0 0 rg BT 220.51 211.40 Td (the ) Tj ET Q q 0 0 0 rg BT 233.04 211.40 Td (month, ) Tj ET Q q 0 0 0 rg BT 258.90 211.40 Td (day ) Tj ET Q q 0 0 0 rg BT 273.21 211.40 Td (and ) Tj ET Q q 0 0 0 rg BT 287.97 211.40 Td (hour ) Tj ET Q q 0 0 0 rg BT 305.39 211.40 Td (of ) Tj ET Q q 0 0 0 rg BT 313.47 211.40 Td (delivery) Tj ET Q q 0 0 0 rg BT 340.44 211.40 Td (, ) Tj ET Q q 0 0 0 rg BT 344.07 211.40 Td (to ) Tj ET Q q 0 0 0 rg BT 352.15 211.40 Td (environmental ) Tj ET Q q 0 0 0 rg BT 403.81 211.40 Td (attributes ) Tj ET Q q 0 0 0 rg BT 438.13 211.40 Td (and ) Tj ET Q q 0 0 0 rg BT 452.88 211.40 Td (to ) Tj ET Q q 0 0 0 rg BT 460.96 211.40 Td (the ) Tj ET Q q 0 0 0 rg BT 473.49 211.40 Td (ecoENERGY) Tj ET Q q 0 0 0 rg BT 520.03 211.40 Td ( ) Tj ET Q q 0 0 0 rg BT 521.44 211.40 Td (Initiative, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 201.80 Td (as ) Tj ET Q q 0 0 0 rg BT 78.67 201.80 Td (applicable.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 181.40 Td (During ) Tj ET Q q 0 0 0 rg BT 88.19 181.40 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 103.38 181.40 Td (second) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 132.40 181.40 Td ( ) Tj ET Q q 0 0 0 rg BT 135.08 181.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 166.27 181.40 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 193.98 181.40 Td (June30, ) Tj ET Q q 0 0 0 rg BT 231.18 181.40 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 251.20 181.40 Td (, ) Tj ET Q q 0 0 0 rg BT 256.38 181.40 Td (the ) Tj ET Q q 0 0 0 rg BT 271.57 181.40 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 327.49 181.40 Td (facilities ) Tj ET Q q 0 0 0 rg BT 362.18 181.40 Td (produced ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 402.39 181.40 Td (792.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.91 181.40 Td ( ) Tj ET Q q 0 0 0 rg BT 427.59 181.40 Td (GWh ) Tj ET Q q 0 0 0 rg BT 450.77 181.40 Td (of ) Tj ET Q q 0 0 0 rg BT 460.95 181.40 Td (electricity) Tj ET Q q 0 0 0 rg BT 497.79 181.40 Td (, ) Tj ET Q q 0 0 0 rg BT 502.97 181.40 Td (representing ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 170.60 Td (103%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 82.02 170.60 Td ( ) Tj ET Q q 0 0 0 rg BT 83.40 170.60 Td (of ) Tj ET Q q 0 0 0 rg BT 92.30 170.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.19 170.60 Td (L) Tj ET Q q 0 0 0 rg BT 110.53 170.60 Td (T) Tj ET Q q 0 0 0 rg BT 115.36 170.60 Td (A) Tj ET Q q 0 0 0 rg BT 120.87 170.60 Td ( ) Tj ET Q q 0 0 0 rg BT 122.25 170.60 Td (production. ) Tj ET Q q 0 0 0 rg BT 168.17 170.60 Td (Production ) Tj ET Q q 0 0 0 rg BT 212.58 170.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 236.98 170.60 Td (are ) Tj ET Q q 0 0 0 rg BT 251.37 170.60 Td (attributable ) Tj ET Q q 0 0 0 rg BT 297.28 170.60 Td (to ) Tj ET Q q 0 0 0 rg BT 306.18 170.60 Td (above-average ) Tj ET Q q 0 0 0 rg BT 367.60 170.60 Td (water ) Tj ET Q q 0 0 0 rg BT 391.00 170.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 412.89 170.60 Td (in ) Tj ET Q q 0 0 0 rg BT 421.28 170.60 Td (all ) Tj ET Q q 0 0 0 rg BT 431.67 170.60 Td (geographic ) Tj ET Q q 0 0 0 rg BT 477.59 170.60 Td (markets, ) Tj ET Q q 0 0 0 rg BT 513.48 170.60 Td (especially ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 159.80 Td (Ontario ) Tj ET Q q 0 0 0 rg BT 90.88 159.80 Td (and ) Tj ET Q q 0 0 0 rg BT 108.26 159.80 Td (the ) Tj ET Q q 0 0 0 rg BT 123.13 159.80 Td (United ) Tj ET Q q 0 0 0 rg BT 151.51 159.80 Td (States, ) Tj ET Q q 0 0 0 rg BT 181.89 159.80 Td (while ) Tj ET Q q 0 0 0 rg BT 204.76 159.80 Td (wind ) Tj ET Q q 0 0 0 rg BT 225.64 159.80 Td (conditions ) Tj ET Q q 0 0 0 rg BT 268.53 159.80 Td (were ) Tj ET Q q 0 0 0 rg BT 290.40 159.80 Td (slightly ) Tj ET Q q 0 0 0 rg BT 320.27 159.80 Td (lower ) Tj ET Q q 0 0 0 rg BT 344.14 159.80 Td (than ) Tj ET Q q 0 0 0 rg BT 364.02 159.80 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 409.92 159.80 Td (at ) Tj ET Q q 0 0 0 rg BT 419.79 159.80 Td (all ) Tj ET Q q 0 0 0 rg BT 431.16 159.80 Td (of ) Tj ET Q q 0 0 0 rg BT 441.03 159.80 Td (the ) Tj ET Q q 0 0 0 rg BT 455.90 159.80 Td (wind ) Tj ET Q q 0 0 0 rg BT 476.77 159.80 Td (farms ) Tj ET Q q 0 0 0 rg BT 501.64 159.80 Td (except ) Tj ET Q q 0 0 0 rg BT 530.52 159.80 Td (Gros-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 149.00 Td (Morne, ) Tj ET Q q 0 0 0 rg BT 89.51 149.00 Td (which ) Tj ET Q q 0 0 0 rg BT 115.02 149.00 Td (had ) Tj ET Q q 0 0 0 rg BT 132.54 149.00 Td (above-average ) Tj ET Q q 0 0 0 rg BT 195.08 149.00 Td (production. ) Tj ET Q q 0 0 0 rg BT 241.95 149.00 Td (The ) Tj ET Q q 0 0 0 rg BT 259.96 149.00 Td (Stardale ) Tj ET Q q 0 0 0 rg BT 295.98 149.00 Td (solar ) Tj ET Q q 0 0 0 rg BT 317.99 149.00 Td (farm ) Tj ET Q q 0 0 0 rg BT 338.49 149.00 Td (produced ) Tj ET Q q 0 0 0 rg BT 378.52 149.00 Td (slightly ) Tj ET Q q 0 0 0 rg BT 408.53 149.00 Td (more ) Tj ET Q q 0 0 0 rg BT 431.53 149.00 Td (than ) Tj ET Q q 0 0 0 rg BT 451.55 149.00 Td (its ) Tj ET Q q 0 0 0 rg BT 463.05 149.00 Td (L) Tj ET Q q 0 0 0 rg BT 467.39 149.00 Td (T) Tj ET Q q 0 0 0 rg BT 472.22 149.00 Td (A.) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 13) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.50 701.50 80.00 -48.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 138.50 701.50 208.00 -12.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 346.50 701.50 206.00 -12.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 138.50 689.50 56.00 -36.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 194.50 689.50 57.00 -36.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 251.50 689.50 51.00 -36.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 302.50 689.50 44.00 -36.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 346.50 689.50 55.00 -36.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 401.50 689.50 55.00 -36.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 456.50 689.50 52.00 -36.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 508.50 689.50 44.00 -36.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 138.50 653.50 56.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 194.50 653.50 57.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 251.50 653.50 51.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 302.50 653.50 44.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 138.50 638.50 56.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 194.50 638.50 57.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 251.50 638.50 51.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 302.50 638.50 44.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 138.50 625.50 56.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 194.50 625.50 57.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 251.50 625.50 51.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 302.50 625.50 44.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 138.50 612.50 56.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 194.50 612.50 57.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 251.50 612.50 51.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 302.50 612.50 44.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 138.50 599.50 56.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 194.50 599.50 57.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 251.50 599.50 51.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 302.50 599.50 44.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 138.50 586.50 56.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 194.50 586.50 57.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 251.50 586.50 51.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 302.50 586.50 44.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 138.50 573.50 56.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 194.50 573.50 57.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 251.50 573.50 51.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 302.50 573.50 44.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 138.50 558.50 56.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 194.50 558.50 57.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 251.50 558.50 51.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 302.50 558.50 44.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 138.50 545.50 56.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 194.50 545.50 57.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 251.50 545.50 51.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 302.50 545.50 44.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 138.50 530.50 56.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 194.50 530.50 57.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 251.50 530.50 51.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 302.50 530.50 44.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 138.50 517.50 56.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 194.50 517.50 57.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 251.50 517.50 51.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 302.50 517.50 44.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 653.5 m 138.5 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 653.5 m 194.5 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 653.5 m 251.5 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 653.5 m 302.5 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 653.5 m 346.5 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 653.5 m 401.5 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 653.5 m 456.5 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 653.5 m 508.5 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 653.5 m 552.5 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 586.5 m 138.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 586.5 m 194.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 586.5 m 251.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 586.5 m 302.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 586.5 m 346.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 586.5 m 401.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 586.5 m 456.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 586.5 m 508.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 586.5 m 552.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 586.5 m 138.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 586.5 m 346.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 586.5 m 552.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 517.5 m 138.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 517.5 m 194.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 517.5 m 251.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 517.5 m 302.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 517.5 m 346.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 517.5 m 401.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 517.5 m 456.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 517.5 m 508.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 517.5 m 552.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 517.5 m 138.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 503.5 m 138.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 501.5 m 138.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 517.5 m 194.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 503.5 m 194.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 501.5 m 194.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 517.5 m 251.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 503.5 m 251.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194.5 501.5 m 251.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 517.5 m 302.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 503.5 m 302.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 501.5 m 302.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 517.5 m 346.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 503.5 m 346.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 501.5 m 346.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 517.5 m 401.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 503.5 m 401.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 501.5 m 401.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 517.5 m 456.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 503.5 m 456.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 501.5 m 456.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 517.5 m 508.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 503.5 m 508.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 501.5 m 508.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 517.5 m 552.5 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 503.5 m 552.5 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 501.5 m 552.5 501.5 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 67.00 692.45 Td (For the six-) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 67.00 683.45 Td (month periods) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 67.00 674.45 Td (ended June 30) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 231.95 692.45 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 438.95 692.45 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 144.45 673.70 Td (Production ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 150.85 664.70 Td (\(MWh\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 177.84 668.99 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 200.40 669.20 Td (LTA \(MWh\)) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 254.95 678.20 Td (Production) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 257.70 669.20 Td (as a % of) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 269.15 660.20 Td (LTA) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 307.30 678.20 Td (A) Tj ET Q q 1 1 1 rg BT 313.14 678.20 Td (verage ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 314.20 669.20 Td (price) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 333.71 673.49 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 305.10 660.20 Td (\($/MWh\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 339.60 664.49 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 351.95 673.70 Td (Production ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 358.35 664.70 Td (\(MWh\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 385.34 668.99 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 406.40 669.20 Td (LTA \(MWh\)) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 460.45 678.20 Td (Production) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 463.20 669.20 Td (as a % of) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 474.65 660.20 Td (LTA) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 513.30 678.20 Td (A) Tj ET Q q 1 1 1 rg BT 519.14 678.20 Td (verage ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 520.20 669.20 Td (price) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 539.71 673.49 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 511.10 660.20 Td (\($/MWh\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 545.60 664.49 Td (2) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.00 642.90 Td (HYDRO) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 629.45 Td (Quebec) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 152.45 629.45 Td (191,312) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 209.45 629.45 Td (181,227) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 266.90 629.45 Td (106) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 281.95 629.45 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 314.45 629.45 Td (92.82) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.45 629.45 Td (193,876) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.45 629.45 Td (181,227) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.90 629.45 Td (107) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.95 629.45 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 629.45 Td (84.15) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 67.00 616.45 Td (Ontario) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 157.45 616.45 Td (48,927) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 214.45 616.45 Td (45,099) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 266.90 616.45 Td (108) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 281.95 616.45 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 314.45 616.45 Td (68.03) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 364.45 616.45 Td (39,507) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.45 616.45 Td (43,721) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.90 616.45 Td (90) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.95 616.45 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 616.45 Td (68.41) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 67.00 603.45 Td (British Columbia) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 152.45 603.45 Td (551,782) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 209.45 603.45 Td (600,838) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 271.90 603.45 Td (92) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 281.95 603.45 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 314.45 603.45 Td (73.63) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.45 603.45 Td (484,385) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.45 603.45 Td (535,337) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.90 603.45 Td (90) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.95 603.45 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 603.45 Td (77.21) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 67.00 590.45 Td (United States) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 157.45 590.45 Td (23,531) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 214.45 590.45 Td (24,883) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 271.90 590.45 Td (95) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 281.95 590.45 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 314.45 590.45 Td (62.62) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 364.45 590.45 Td (26,575) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.45 590.45 Td (24,883) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.90 590.45 Td (107) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.95 590.45 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 590.45 Td (58.35) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 577.45 Td (Subtotal) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 152.45 577.45 Td (815,552) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 209.45 577.45 Td (852,047) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 271.90 577.45 Td (96) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 281.95 577.45 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 314.45 577.45 Td (77.48) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.45 577.45 Td (744,343) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.45 577.45 Td (785,168) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.90 577.45 Td (95) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.95 577.45 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 577.45 Td (77.88) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 67.00 562.90 Td (WIND) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 549.45 Td (Quebec) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 152.45 549.45 Td (343,227) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 209.45 549.45 Td (356,410) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 271.90 549.45 Td (96) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 281.95 549.45 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 314.45 549.45 Td (79.53) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.45 549.45 Td (255,849) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.45 549.45 Td (288,660) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.90 549.45 Td (89) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.95 549.45 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 549.45 Td (82.34) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 67.00 534.90 Td (SOLAR) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 521.45 Td (Ontario) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 157.45 521.45 Td (19,932) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 214.45 521.45 Td (20,033) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 271.90 521.45 Td (99) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 281.95 521.45 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.45 521.45 Td (420.00) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 364.45 521.45 Td (13,804) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.45 521.45 Td (12,797) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.90 521.45 Td (108) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.95 521.45 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 521.45 Td (245.90) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 506.90 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 144.95 506.90 Td (1,178,711) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 201.95 506.90 Td (1,228,490) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 271.90 506.90 Td (96) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 281.95 506.90 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 314.45 506.90 Td (83.87) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 351.95 506.90 Td (1,013,996) Tj ET Q BT /F3 9.00 Tf ET q 0.2 0.2 0.2 rg BT 406.95 506.90 Td (1,086,625) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 477.90 506.90 Td (93) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.95 506.90 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 506.90 Td (81.29) Tj ET Q BT /F2 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 59.00 493.40 Td (1. ) Tj ET Q q 0 0 0 rg BT 67.73 493.40 Td (As ) Tj ET Q q 0 0 0 rg BT 79.63 493.40 Td (a ) Tj ET Q q 0 0 0 rg BT 86.64 493.40 Td (result ) Tj ET Q q 0 0 0 rg BT 108.77 493.40 Td (of ) Tj ET Q q 0 0 0 rg BT 118.01 493.40 Td (the ) Tj ET Q q 0 0 0 rg BT 131.70 493.40 Td (application ) Tj ET Q q 0 0 0 rg BT 172.51 493.40 Td (of ) Tj ET Q q 0 0 0 rg BT 181.75 493.40 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 202.54 493.40 Td (1) Tj ET Q q 0 0 0 rg BT 206.39 493.40 Td (1, ) Tj ET Q q 0 0 0 rg BT 215.63 493.40 Td (the ) Tj ET Q q 0 0 0 rg BT 229.32 493.40 Td (Umbata ) Tj ET Q q 0 0 0 rg BT 259.89 493.40 Td (Falls ) Tj ET Q q 0 0 0 rg BT 279.35 493.40 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 327.27 493.40 Td (facility ) Tj ET Q q 0 0 0 rg BT 352.06 493.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 387.53 493.40 Td (are ) Tj ET Q q 0 0 0 rg BT 401.66 493.40 Td (not ) Tj ET Q q 0 0 0 rg BT 415.35 493.40 Td (included ) Tj ET Q q 0 0 0 rg BT 447.71 493.40 Td (in ) Tj ET Q q 0 0 0 rg BT 456.51 493.40 Td (the ) Tj ET Q q 0 0 0 rg BT 470.19 493.40 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 520.09 493.40 Td (revenues ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 483.80 Td (and, ) Tj ET Q q 0 0 0 rg BT 86.90 483.80 Td (for ) Tj ET Q q 0 0 0 rg BT 99.58 483.80 Td (the ) Tj ET Q q 0 0 0 rg BT 114.03 483.80 Td (sake ) Tj ET Q q 0 0 0 rg BT 134.26 483.80 Td (of ) Tj ET Q q 0 0 0 rg BT 144.27 483.80 Td (consistency) Tj ET Q q 0 0 0 rg BT 185.47 483.80 Td (, ) Tj ET Q q 0 0 0 rg BT 191.03 483.80 Td (its ) Tj ET Q q 0 0 0 rg BT 202.36 483.80 Td (electricity ) Tj ET Q q 0 0 0 rg BT 239.04 483.80 Td (production ) Tj ET Q q 0 0 0 rg BT 279.73 483.80 Td (has ) Tj ET Q q 0 0 0 rg BT 295.97 483.80 Td (been ) Tj ET Q q 0 0 0 rg BT 317.10 483.80 Td (excluded ) Tj ET Q q 0 0 0 rg BT 352.46 483.80 Td (from ) Tj ET Q q 0 0 0 rg BT 371.79 483.80 Td (the ) Tj ET Q q 0 0 0 rg BT 386.25 483.80 Td (production ) Tj ET Q q 0 0 0 rg BT 426.94 483.80 Td (table. ) Tj ET Q q 0 0 0 rg BT 449.84 483.80 Td (For ) Tj ET Q q 0 0 0 rg BT 465.18 483.80 Td (more ) Tj ET Q q 0 0 0 rg BT 486.74 483.80 Td (information ) Tj ET Q q 0 0 0 rg BT 529.65 483.80 Td (on ) Tj ET Q q 0 0 0 rg BT 541.88 483.80 Td (the ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 474.20 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 117.55 474.20 Td (joint ) Tj ET Q q 0 0 0 rg BT 134.45 474.20 Td (ventures, ) Tj ET Q q 0 0 0 rg BT 169.58 474.20 Td (please ) Tj ET Q q 0 0 0 rg BT 195.38 474.20 Td (refer ) Tj ET Q q 0 0 0 rg BT 214.05 474.20 Td (to ) Tj ET Q q 0 0 0 rg BT 222.94 474.20 Td (the ) Tj ET Q q 0 0 0 rg BT 236.29 474.20 Td ("Investments ) Tj ET Q q 0 0 0 rg BT 284.48 474.20 Td (in ) Tj ET Q q 0 0 0 rg BT 292.93 474.20 Td (Joint ) Tj ET Q q 0 0 0 rg BT 312.05 474.20 Td (V) Tj ET Q q 0 0 0 rg BT 316.94 474.20 Td (entures" ) Tj ET Q q 0 0 0 rg BT 348.69 474.20 Td (section.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 59.00 464.60 Td (2. ) Tj ET Q q 0 0 0 rg BT 67.08 464.60 Td (Including ) Tj ET Q q 0 0 0 rg BT 100.51 464.60 Td (all ) Tj ET Q q 0 0 0 rg BT 109.93 464.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 142.02 464.60 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 186.56 464.60 Td (related ) Tj ET Q q 0 0 0 rg BT 212.43 464.60 Td (to ) Tj ET Q q 0 0 0 rg BT 220.51 464.60 Td (the ) Tj ET Q q 0 0 0 rg BT 233.04 464.60 Td (month, ) Tj ET Q q 0 0 0 rg BT 258.90 464.60 Td (day ) Tj ET Q q 0 0 0 rg BT 273.21 464.60 Td (and ) Tj ET Q q 0 0 0 rg BT 287.97 464.60 Td (hour ) Tj ET Q q 0 0 0 rg BT 305.39 464.60 Td (of ) Tj ET Q q 0 0 0 rg BT 313.47 464.60 Td (delivery) Tj ET Q q 0 0 0 rg BT 340.44 464.60 Td (, ) Tj ET Q q 0 0 0 rg BT 344.07 464.60 Td (to ) Tj ET Q q 0 0 0 rg BT 352.15 464.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 403.81 464.60 Td (attributes ) Tj ET Q q 0 0 0 rg BT 438.13 464.60 Td (and ) Tj ET Q q 0 0 0 rg BT 452.88 464.60 Td (to ) Tj ET Q q 0 0 0 rg BT 460.96 464.60 Td (the ) Tj ET Q q 0 0 0 rg BT 473.49 464.60 Td (ecoENERGY) Tj ET Q q 0 0 0 rg BT 520.03 464.60 Td ( ) Tj ET Q q 0 0 0 rg BT 521.44 464.60 Td (Initiative, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 455.00 Td (as ) Tj ET Q q 0 0 0 rg BT 78.67 455.00 Td (applicable.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 434.60 Td (During ) Tj ET Q q 0 0 0 rg BT 87.88 434.60 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 102.75 434.60 Td (six-month ) Tj ET Q q 0 0 0 rg BT 144.13 434.60 Td (period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 169.14 434.60 Td ( ) Tj ET Q q 0 0 0 rg BT 171.51 434.60 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 198.90 434.60 Td (June30, ) Tj ET Q q 0 0 0 rg BT 235.79 434.60 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 255.81 434.60 Td (, ) Tj ET Q q 0 0 0 rg BT 260.67 434.60 Td (the ) Tj ET Q q 0 0 0 rg BT 275.55 434.60 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 331.16 434.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 365.53 434.60 Td (produced ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.42 434.60 Td (1,178.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.45 434.60 Td (GWh ) Tj ET Q q 0 0 0 rg BT 460.82 434.60 Td (of ) Tj ET Q q 0 0 0 rg BT 470.69 434.60 Td (electricity) Tj ET Q q 0 0 0 rg BT 507.53 434.60 Td (, ) Tj ET Q q 0 0 0 rg BT 512.39 434.60 Td (or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.76 434.60 Td (96%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.77 434.60 Td ( ) Tj ET Q q 0 0 0 rg BT 543.13 434.60 Td ( ) Tj ET Q q 0 0 0 rg BT 545.50 434.60 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 423.80 Td (the ) Tj ET Q q 0 0 0 rg BT 73.51 423.80 Td (L) Tj ET Q q 0 0 0 rg BT 77.84 423.80 Td (T) Tj ET Q q 0 0 0 rg BT 82.67 423.80 Td (A) Tj ET Q q 0 0 0 rg BT 88.18 423.80 Td ( ) Tj ET Q q 0 0 0 rg BT 90.17 423.80 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 99.68 423.80 Td (1,228.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 129.70 423.80 Td (GWh. ) Tj ET Q q 0 0 0 rg BT 157.20 423.80 Td (W) Tj ET Q q 0 0 0 rg BT 165.36 423.80 Td (ater ) Tj ET Q q 0 0 0 rg BT 182.86 423.80 Td (flows ) Tj ET Q q 0 0 0 rg BT 205.36 423.80 Td (were ) Tj ET Q q 0 0 0 rg BT 226.87 423.80 Td (below ) Tj ET Q q 0 0 0 rg BT 252.38 423.80 Td (average ) Tj ET Q q 0 0 0 rg BT 286.90 423.80 Td (in ) Tj ET Q q 0 0 0 rg BT 295.90 423.80 Td (British ) Tj ET Q q 0 0 0 rg BT 322.90 423.80 Td (Columbia ) Tj ET Q q 0 0 0 rg BT 362.91 423.80 Td (and ) Tj ET Q q 0 0 0 rg BT 379.92 423.80 Td (in ) Tj ET Q q 0 0 0 rg BT 388.92 423.80 Td (the ) Tj ET Q q 0 0 0 rg BT 403.43 423.80 Td (United ) Tj ET Q q 0 0 0 rg BT 431.44 423.80 Td (States ) Tj ET Q q 0 0 0 rg BT 458.95 423.80 Td (and ) Tj ET Q q 0 0 0 rg BT 475.96 423.80 Td (better ) Tj ET Q q 0 0 0 rg BT 500.97 423.80 Td (than ) Tj ET Q q 0 0 0 rg BT 520.48 423.80 Td (average ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 413.00 Td (in ) Tj ET Q q 0 0 0 rg BT 68.49 413.00 Td (Quebec ) Tj ET Q q 0 0 0 rg BT 102.50 413.00 Td (and ) Tj ET Q q 0 0 0 rg BT 120.00 413.00 Td (Ontario ) Tj ET Q q 0 0 0 rg BT 152.00 413.00 Td (during ) Tj ET Q q 0 0 0 rg BT 179.50 413.00 Td (the ) Tj ET Q q 0 0 0 rg BT 194.50 413.00 Td (first ) Tj ET Q q 0 0 0 rg BT 211.48 413.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 242.49 413.00 Td (and ) Tj ET Q q 0 0 0 rg BT 259.99 413.00 Td (were ) Tj ET Q q 0 0 0 rg BT 281.98 413.00 Td (above ) Tj ET Q q 0 0 0 rg BT 308.99 413.00 Td (average ) Tj ET Q q 0 0 0 rg BT 344.00 413.00 Td (in ) Tj ET Q q 0 0 0 rg BT 353.49 413.00 Td (all ) Tj ET Q q 0 0 0 rg BT 364.98 413.00 Td (geographic ) Tj ET Q q 0 0 0 rg BT 412.00 413.00 Td (markets, ) Tj ET Q q 0 0 0 rg BT 448.99 413.00 Td (especially ) Tj ET Q q 0 0 0 rg BT 491.00 413.00 Td (Ontario ) Tj ET Q q 0 0 0 rg BT 523.00 413.00 Td (and ) Tj ET Q q 0 0 0 rg BT 540.50 413.00 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 402.20 Td (United ) Tj ET Q q 0 0 0 rg BT 87.43 402.20 Td (States, ) Tj ET Q q 0 0 0 rg BT 117.86 402.20 Td (during ) Tj ET Q q 0 0 0 rg BT 145.29 402.20 Td (the ) Tj ET Q q 0 0 0 rg BT 160.21 402.20 Td (second ) Tj ET Q q 0 0 0 rg BT 191.64 402.20 Td (quarter) Tj ET Q q 0 0 0 rg BT 219.66 402.20 Td (. ) Tj ET Q q 0 0 0 rg BT 224.58 402.20 Td (Wind ) Tj ET Q q 0 0 0 rg BT 247.49 402.20 Td (conditions ) Tj ET Q q 0 0 0 rg BT 290.43 402.20 Td (were ) Tj ET Q q 0 0 0 rg BT 312.35 402.20 Td (slightly ) Tj ET Q q 0 0 0 rg BT 342.28 402.20 Td (lower ) Tj ET Q q 0 0 0 rg BT 366.20 402.20 Td (than ) Tj ET Q q 0 0 0 rg BT 386.12 402.20 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 432.07 402.20 Td (at ) Tj ET Q q 0 0 0 rg BT 441.99 402.20 Td (all ) Tj ET Q q 0 0 0 rg BT 453.40 402.20 Td (the ) Tj ET Q q 0 0 0 rg BT 468.33 402.20 Td (wind ) Tj ET Q q 0 0 0 rg BT 489.25 402.20 Td (farms ) Tj ET Q q 0 0 0 rg BT 514.16 402.20 Td (in ) Tj ET Q q 0 0 0 rg BT 523.58 402.20 Td (the ) Tj ET Q q 0 0 0 rg BT 538.50 402.20 Td (first ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 391.40 Td (half ) Tj ET Q q 0 0 0 rg BT 76.09 391.40 Td (of ) Tj ET Q q 0 0 0 rg BT 86.17 391.40 Td (the ) Tj ET Q q 0 0 0 rg BT 101.26 391.40 Td (year ) Tj ET Q q 0 0 0 rg BT 121.35 391.40 Td (except ) Tj ET Q q 0 0 0 rg BT 150.45 391.40 Td (at ) Tj ET Q q 0 0 0 rg BT 160.53 391.40 Td (Carleton, ) Tj ET Q q 0 0 0 rg BT 199.63 391.40 Td (which ) Tj ET Q q 0 0 0 rg BT 225.22 391.40 Td (had ) Tj ET Q q 0 0 0 rg BT 242.81 391.40 Td (above-average ) Tj ET Q q 0 0 0 rg BT 305.43 391.40 Td (production. ) Tj ET Q q 0 0 0 rg BT 352.37 391.40 Td (The ) Tj ET Q q 0 0 0 rg BT 370.46 391.40 Td (Stardale ) Tj ET Q q 0 0 0 rg BT 406.56 391.40 Td (solar ) Tj ET Q q 0 0 0 rg BT 428.65 391.40 Td (farm ) Tj ET Q q 0 0 0 rg BT 449.22 391.40 Td (production ) Tj ET Q q 0 0 0 rg BT 493.83 391.40 Td (was ) Tj ET Q q 0 0 0 rg BT 512.42 391.40 Td (very ) Tj ET Q q 0 0 0 rg BT 532.00 391.40 Td (close ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 380.60 Td (to ) Tj ET Q q 0 0 0 rg BT 68.18 380.60 Td (its ) Tj ET Q q 0 0 0 rg BT 78.85 380.60 Td (L) Tj ET Q q 0 0 0 rg BT 83.18 380.60 Td (T) Tj ET Q q 0 0 0 rg BT 88.01 380.60 Td (A, ) Tj ET Q q 0 0 0 rg BT 98.19 380.60 Td (as ) Tj ET Q q 0 0 0 rg BT 109.36 380.60 Td (better-than-average ) Tj ET Q q 0 0 0 rg BT 190.08 380.60 Td (production ) Tj ET Q q 0 0 0 rg BT 233.78 380.60 Td (in ) Tj ET Q q 0 0 0 rg BT 242.46 380.60 Td (the ) Tj ET Q q 0 0 0 rg BT 256.64 380.60 Td (second ) Tj ET Q q 0 0 0 rg BT 287.33 380.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 317.52 380.60 Td (compensated ) Tj ET Q q 0 0 0 rg BT 373.22 380.60 Td (for ) Tj ET Q q 0 0 0 rg BT 385.40 380.60 Td (lower-than-expected ) Tj ET Q q 0 0 0 rg BT 468.61 380.60 Td (production ) Tj ET Q q 0 0 0 rg BT 512.31 380.60 Td (in ) Tj ET Q q 0 0 0 rg BT 520.99 380.60 Td (January ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 369.80 Td (due ) Tj ET Q q 0 0 0 rg BT 76.52 369.80 Td (to ) Tj ET Q q 0 0 0 rg BT 86.52 369.80 Td (unusually ) Tj ET Q q 0 0 0 rg BT 127.05 369.80 Td (large ) Tj ET Q q 0 0 0 rg BT 149.56 369.80 Td (snowfalls ) Tj ET Q q 0 0 0 rg BT 189.08 369.80 Td (followed ) Tj ET Q q 0 0 0 rg BT 224.60 369.80 Td (by ) Tj ET Q q 0 0 0 rg BT 236.60 369.80 Td (extreme ) Tj ET Q q 0 0 0 rg BT 271.62 369.80 Td (cold ) Tj ET Q q 0 0 0 rg BT 290.63 369.80 Td (weather) Tj ET Q q 0 0 0 rg BT 322.15 369.80 Td (, ) Tj ET Q q 0 0 0 rg BT 327.15 369.80 Td (which ) Tj ET Q q 0 0 0 rg BT 352.66 369.80 Td (slowed ) Tj ET Q q 0 0 0 rg BT 383.18 369.80 Td (the ) Tj ET Q q 0 0 0 rg BT 398.19 369.80 Td (removal ) Tj ET Q q 0 0 0 rg BT 432.70 369.80 Td (of ) Tj ET Q q 0 0 0 rg BT 442.70 369.80 Td (snow ) Tj ET Q q 0 0 0 rg BT 466.21 369.80 Td (from ) Tj ET Q q 0 0 0 rg BT 486.72 369.80 Td (the ) Tj ET Q q 0 0 0 rg BT 501.73 369.80 Td (solar ) Tj ET Q q 0 0 0 rg BT 523.73 369.80 Td (panels.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 348.20 Td (The ) Tj ET Q q 0 0 0 rg BT 76.29 348.20 Td (overall ) Tj ET Q q 0 0 0 rg BT 104.59 348.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 156.89 348.20 Td (of ) Tj ET Q q 0 0 0 rg BT 166.18 348.20 Td (the ) Tj ET Q q 0 0 0 rg BT 180.48 348.20 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 235.50 348.20 Td (facilities ) Tj ET Q q 0 0 0 rg BT 269.29 348.20 Td (for ) Tj ET Q q 0 0 0 rg BT 281.58 348.20 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.87 348.20 Td (six-month ) Tj ET Q q 0 0 0 rg BT 336.67 348.20 Td (period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 361.69 348.20 Td ( ) Tj ET Q q 0 0 0 rg BT 363.47 348.20 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 390.28 348.20 Td (June30, ) Tj ET Q q 0 0 0 rg BT 426.59 348.20 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.61 348.20 Td (, ) Tj ET Q q 0 0 0 rg BT 450.89 348.20 Td (demonstrates ) Tj ET Q q 0 0 0 rg BT 507.20 348.20 Td (the ) Tj ET Q q 0 0 0 rg BT 521.50 348.20 Td (benefits ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 337.40 Td (of ) Tj ET Q q 0 0 0 rg BT 69.01 337.40 Td (geographic ) Tj ET Q q 0 0 0 rg BT 116.04 337.40 Td (diversification ) Tj ET Q q 0 0 0 rg BT 173.06 337.40 Td (and ) Tj ET Q q 0 0 0 rg BT 190.58 337.40 Td (the ) Tj ET Q q 0 0 0 rg BT 205.59 337.40 Td (complementarity ) Tj ET Q q 0 0 0 rg BT 274.12 337.40 Td (of ) Tj ET Q q 0 0 0 rg BT 284.12 337.40 Td (hydroelectric, ) Tj ET Q q 0 0 0 rg BT 340.14 337.40 Td (wind ) Tj ET Q q 0 0 0 rg BT 361.15 337.40 Td (and ) Tj ET Q q 0 0 0 rg BT 378.67 337.40 Td (solar ) Tj ET Q q 0 0 0 rg BT 400.68 337.40 Td (power ) Tj ET Q q 0 0 0 rg BT 427.69 337.40 Td (generation. ) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 14) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 694.75 Td (Financial ) Tj ET Q q 0.2 0 0.6 rg BT 105.12 694.75 Td (Results) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.50 684.25 201.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 259.50 684.25 146.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 405.50 684.25 147.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 58.50 669.25 201.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 259.50 669.25 73.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 332.50 669.25 73.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 405.50 669.25 73.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 478.50 669.25 74.00 -15.00 re f /GS0 gs 0.7529411764705882 0.7529411764705882 0.7529411764705882 rg /GS0 gs 259.50 654.25 73.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 405.50 654.25 73.00 -12.00 re f /GS0 gs 0.7529411764705882 0.7529411764705882 0.7529411764705882 rg /GS0 gs 259.50 642.25 73.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 405.50 642.25 73.00 -12.00 re f /GS0 gs 0.7529411764705882 0.7529411764705882 0.7529411764705882 rg /GS0 gs 259.50 630.25 73.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 405.50 630.25 73.00 -12.00 re f /GS0 gs 0.7529411764705882 0.7529411764705882 0.7529411764705882 rg /GS0 gs 259.50 618.25 73.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 405.50 618.25 73.00 -12.00 re f /GS0 gs 0.7529411764705882 0.7529411764705882 0.7529411764705882 rg /GS0 gs 259.50 606.25 73.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 405.50 606.25 73.00 -15.00 re f /GS0 gs 0.7529411764705882 0.7529411764705882 0.7529411764705882 rg /GS0 gs 259.50 591.25 73.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 405.50 591.25 73.00 -12.00 re f /GS0 gs 0.7529411764705882 0.7529411764705882 0.7529411764705882 rg /GS0 gs 259.50 579.25 73.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 405.50 579.25 73.00 -13.00 re f /GS0 gs 0.7529411764705882 0.7529411764705882 0.7529411764705882 rg /GS0 gs 259.50 566.25 73.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 405.50 566.25 73.00 -12.00 re f /GS0 gs 0.7529411764705882 0.7529411764705882 0.7529411764705882 rg /GS0 gs 259.50 554.25 73.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 405.50 554.25 73.00 -12.00 re f /GS0 gs 0.7529411764705882 0.7529411764705882 0.7529411764705882 rg /GS0 gs 259.50 542.25 73.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 405.50 542.25 73.00 -12.00 re f /GS0 gs 0.7529411764705882 0.7529411764705882 0.7529411764705882 rg /GS0 gs 259.50 530.25 73.00 -22.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 405.50 530.25 73.00 -22.00 re f /GS0 gs 0.7529411764705882 0.7529411764705882 0.7529411764705882 rg /GS0 gs 259.50 508.25 73.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 405.50 508.25 73.00 -12.00 re f /GS0 gs 0.7529411764705882 0.7529411764705882 0.7529411764705882 rg /GS0 gs 259.50 496.25 73.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 405.50 496.25 73.00 -15.00 re f /GS0 gs 0.7529411764705882 0.7529411764705882 0.7529411764705882 rg /GS0 gs 259.50 481.25 73.00 -20.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 405.50 481.25 73.00 -20.00 re f /GS0 gs 0.7529411764705882 0.7529411764705882 0.7529411764705882 rg /GS0 gs 259.50 461.25 73.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 405.50 461.25 73.00 -12.00 re f /GS0 gs 0.7529411764705882 0.7529411764705882 0.7529411764705882 rg /GS0 gs 259.50 449.25 73.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 405.50 449.25 73.00 -12.00 re f /GS0 gs 0.7529411764705882 0.7529411764705882 0.7529411764705882 rg /GS0 gs 259.50 437.25 73.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 405.50 437.25 73.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 654.25 m 259.5 654.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 654.25 m 332.5 654.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 654.25 m 405.5 654.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 654.25 m 478.5 654.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 654.25 m 552.5 654.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 654.25 m 259.5 654.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 654.25 m 332.5 654.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 654.25 m 405.5 654.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 654.25 m 478.5 654.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 654.25 m 552.5 654.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 606.25 m 259.5 606.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 606.25 m 332.5 606.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 606.25 m 405.5 606.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 606.25 m 478.5 606.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 606.25 m 552.5 606.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 606.25 m 259.5 606.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 606.25 m 332.5 606.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 606.25 m 405.5 606.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 606.25 m 478.5 606.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 606.25 m 552.5 606.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 496.25 m 259.5 496.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 496.25 m 332.5 496.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 496.25 m 405.5 496.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 496.25 m 478.5 496.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 496.25 m 552.5 496.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 496.25 m 259.5 496.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 482.25 m 259.5 482.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 480.25 m 259.5 480.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 496.25 m 332.5 496.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 482.25 m 332.5 482.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 480.25 m 332.5 480.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 496.25 m 405.5 496.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 482.25 m 405.5 482.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 480.25 m 405.5 480.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 496.25 m 478.5 496.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 482.25 m 478.5 482.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 480.25 m 478.5 480.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 496.25 m 552.5 496.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 482.25 m 552.5 482.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 480.25 m 552.5 480.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 480.25 m 259.5 480.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 482.25 m 259.5 482.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 480.25 m 332.5 480.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 482.25 m 332.5 482.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 480.25 m 405.5 480.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 482.25 m 405.5 482.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 480.25 m 478.5 480.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 482.25 m 478.5 482.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 480.25 m 552.5 480.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 482.25 m 552.5 482.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 437.25 m 259.5 437.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 423.25 m 259.5 423.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 421.25 m 259.5 421.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 437.25 m 332.5 437.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 423.25 m 332.5 423.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 421.25 m 332.5 421.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 437.25 m 405.5 437.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 423.25 m 405.5 423.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 421.25 m 405.5 421.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 437.25 m 478.5 437.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 423.25 m 478.5 423.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 421.25 m 478.5 421.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 437.25 m 552.5 437.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 423.25 m 552.5 423.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 421.25 m 552.5 421.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 403.25 m 259.5 403.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 401.25 m 259.5 401.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 403.25 m 332.5 403.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 401.25 m 332.5 401.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 403.25 m 405.5 403.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 401.25 m 405.5 401.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 403.25 m 478.5 403.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 401.25 m 478.5 401.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 403.25 m 552.5 403.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 401.25 m 552.5 401.25 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 304.20 673.65 Td (Three months) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 456.20 673.65 Td (Six months) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 61.00 658.65 Td (For the periods ended June 30) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 285.45 658.65 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 358.45 658.65 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 431.45 658.65 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 504.95 658.65 Td (2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.00 645.20 Td (Operating revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.45 645.20 Td (63,167) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.45 645.20 Td (54,360) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.45 645.20 Td (98,855) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 645.20 Td (82,429) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 633.20 Td (Operating expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 633.20 Td (8,259) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.45 633.20 Td (6,470) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.45 633.20 Td (14,717) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 633.20 Td (12,134) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 621.20 Td (General and administrative expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 621.20 Td (2,924) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.45 621.20 Td (2,639) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.45 621.20 Td (5,926) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 621.20 Td (5,672) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 609.20 Td (Prospective project expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.95 609.20 Td (724) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.95 609.20 Td (647) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.45 609.20 Td (1,549) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 609.20 Td (1,730) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 595.65 Td (Adjusted EBITDA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.45 595.65 Td (51,260) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.45 595.65 Td (44,604) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.45 595.65 Td (76,663) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 595.65 Td (62,893) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 570.20 Td (Finance costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.45 570.20 Td (18,826) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.45 570.20 Td (18,194) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.45 570.20 Td (31,778) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 570.20 Td (32,130) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 557.20 Td (Other net expenses \(revenues\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 557.20 Td (2,958) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 377.95 557.20 Td (\(822) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.00 557.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.95 557.20 Td (585) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.45 557.20 Td (\(1,421) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 557.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 545.20 Td (Depreciation and amortization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.45 545.20 Td (17,452) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.45 545.20 Td (15,623) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.45 545.20 Td (34,913) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 545.20 Td (30,180) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 533.20 Td (Share of \(earnings\) loss of joint ventures) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 228.58 537.49 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 297.45 533.20 Td (\(3,832) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.00 533.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.95 533.20 Td (108) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 533.20 Td (\(3,706) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.00 533.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.95 533.20 Td (\(594) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 533.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 521.20 Td (Unrealized net \(gain\) loss on derivative ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 512.20 Td (financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.45 512.65 Td (\(27,318) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.00 512.65 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.45 512.65 Td (27,105) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.45 512.65 Td (\(31,156) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.00 512.65 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 512.65 Td (7,006) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 499.20 Td (Provision for \(recovery of\) income taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.45 499.20 Td (12,135) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.45 499.20 Td (\(3,739) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.00 499.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.45 499.20 Td (13,388) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.95 499.20 Td (\(348) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 499.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 485.65 Td (Net earnings \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.45 485.65 Td (31,039) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.45 485.65 Td (\(11,865) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.00 485.65 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.45 485.65 Td (30,861) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.45 485.65 Td (\(4,060) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 485.65 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 67.00 465.65 Td (Net earnings \(loss\) attributable to:) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 73.00 452.20 Td (Owners of the parent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.45 452.20 Td (28,302) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.45 452.20 Td (\(9,055) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.00 452.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.45 452.20 Td (31,099) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.95 452.20 Td (\(132) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 452.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 440.20 Td (Non-controlling interests) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 440.20 Td (2,737) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.45 440.20 Td (\(2,810) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.00 440.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.95 440.20 Td (\(238) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.00 440.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.45 440.20 Td (\(3,928) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 440.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.45 426.65 Td (31,039) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.45 426.65 Td (\(11,865) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.00 426.65 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.45 426.65 Td (30,861) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.45 426.65 Td (\(4,060) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 426.65 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 406.65 Td (Basic net earnings \(loss\) per share) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.45 406.65 Td (0.28) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.45 406.65 Td (\(0.12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.00 406.65 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.45 406.65 Td (0.29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.45 406.65 Td (\(0.03) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 406.65 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 59.00 393.15 Td (1. ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 393.15 Td (Under ) Tj ET Q q 0 0 0 rg BT 91.93 393.15 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 112.30 393.15 Td (1) Tj ET Q q 0 0 0 rg BT 116.15 393.15 Td (1, ) Tj ET Q q 0 0 0 rg BT 124.97 393.15 Td (Umbata ) Tj ET Q q 0 0 0 rg BT 155.13 393.15 Td (Falls ) Tj ET Q q 0 0 0 rg BT 174.16 393.15 Td (and ) Tj ET Q q 0 0 0 rg BT 189.65 393.15 Td (V) Tj ET Q q 0 0 0 rg BT 194.84 393.15 Td (iger ) Tj ET Q q 0 0 0 rg BT 210.33 393.15 Td (Denonville ) Tj ET Q q 0 0 0 rg BT 249.82 393.15 Td (are ) Tj ET Q q 0 0 0 rg BT 263.53 393.15 Td (treated ) Tj ET Q q 0 0 0 rg BT 290.58 393.15 Td (as ) Tj ET Q q 0 0 0 rg BT 301.17 393.15 Td (joint ) Tj ET Q q 0 0 0 rg BT 317.99 393.15 Td (ventures ) Tj ET Q q 0 0 0 rg BT 350.82 393.15 Td (and ) Tj ET Q q 0 0 0 rg BT 366.31 393.15 Td (the ) Tj ET Q q 0 0 0 rg BT 379.58 393.15 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 429.05 393.15 Td (interests ) Tj ET Q q 0 0 0 rg BT 461.42 393.15 Td (in ) Tj ET Q q 0 0 0 rg BT 469.79 393.15 Td (Umbata ) Tj ET Q q 0 0 0 rg BT 499.95 393.15 Td (Falls ) Tj ET Q q 0 0 0 rg BT 518.98 393.15 Td (and ) Tj ET Q q 0 0 0 rg BT 534.48 393.15 Td (V) Tj ET Q q 0 0 0 rg BT 539.67 393.15 Td (iger ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 383.55 Td (Denonville ) Tj ET Q q 0 0 0 rg BT 107.49 383.55 Td (are ) Tj ET Q q 0 0 0 rg BT 121.19 383.55 Td (required ) Tj ET Q q 0 0 0 rg BT 152.67 383.55 Td (to ) Tj ET Q q 0 0 0 rg BT 161.48 383.55 Td (be ) Tj ET Q q 0 0 0 rg BT 172.51 383.55 Td (accounted ) Tj ET Q q 0 0 0 rg BT 211.56 383.55 Td (for ) Tj ET Q q 0 0 0 rg BT 223.03 383.55 Td (using ) Tj ET Q q 0 0 0 rg BT 244.29 383.55 Td (the ) Tj ET Q q 0 0 0 rg BT 257.54 383.55 Td (equity ) Tj ET Q q 0 0 0 rg BT 281.03 383.55 Td (method. ) Tj ET Q q 0 0 0 rg BT 312.07 383.55 Td (Please ) Tj ET Q q 0 0 0 rg BT 338.66 383.55 Td (refer ) Tj ET Q q 0 0 0 rg BT 357.24 383.55 Td (to ) Tj ET Q q 0 0 0 rg BT 366.05 383.55 Td (the ) Tj ET Q q 0 0 0 rg BT 379.30 383.55 Td ("Accounting ) Tj ET Q q 0 0 0 rg BT 423.86 383.55 Td (Changes ) Tj ET Q q 0 0 0 rg BT 458.02 383.55 Td (Impacting ) Tj ET Q q 0 0 0 rg BT 494.83 383.55 Td (the ) Tj ET Q q 0 0 0 rg BT 508.09 383.55 Td (Presentation ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 373.95 Td (of ) Tj ET Q q 0 0 0 rg BT 76.89 373.95 Td (Results" ) Tj ET Q q 0 0 0 rg BT 108.63 373.95 Td (and ) Tj ET Q q 0 0 0 rg BT 124.20 373.95 Td ("Investment ) Tj ET Q q 0 0 0 rg BT 168.39 373.95 Td (in ) Tj ET Q q 0 0 0 rg BT 176.84 373.95 Td (Joint ) Tj ET Q q 0 0 0 rg BT 195.96 373.95 Td (V) Tj ET Q q 0 0 0 rg BT 200.86 373.95 Td (entures" ) Tj ET Q q 0 0 0 rg BT 232.61 373.95 Td (sections ) Tj ET Q q 0 0 0 rg BT 264.18 373.95 Td (for ) Tj ET Q q 0 0 0 rg BT 275.73 373.95 Td (more ) Tj ET Q q 0 0 0 rg BT 296.18 373.95 Td (information.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 353.55 Td (Revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 331.95 Td (For ) Tj ET Q q 0 0 0 rg BT 75.51 331.95 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 91.04 331.95 Td (three-month) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 139.56 331.95 Td ( ) Tj ET Q q 0 0 0 rg BT 142.58 331.95 Td (period ) Tj ET Q q 0 0 0 rg BT 170.61 331.95 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 198.65 331.95 Td (June30, ) Tj ET Q q 0 0 0 rg BT 236.20 331.95 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.22 331.95 Td (, ) Tj ET Q q 0 0 0 rg BT 261.73 331.95 Td (the ) Tj ET Q q 0 0 0 rg BT 277.26 331.95 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 327.30 331.95 Td (recorded ) Tj ET Q q 0 0 0 rg BT 365.83 331.95 Td (operating ) Tj ET Q q 0 0 0 rg BT 406.38 331.95 Td (revenues ) Tj ET Q q 0 0 0 rg BT 446.42 331.95 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.94 331.95 Td ($63.2million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.47 331.95 Td (, ) Tj ET Q q 0 0 0 rg BT 512.98 331.95 Td (compared ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 321.15 Td (with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.33 321.15 Td ($54.4million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 127.86 321.15 Td ( ) Tj ET Q q 0 0 0 rg BT 130.19 321.15 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 139.52 321.15 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 159.54 321.15 Td (, ) Tj ET Q q 0 0 0 rg BT 164.37 321.15 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 223.73 321.15 Td (to ) Tj ET Q q 0 0 0 rg BT 233.57 321.15 Td (an ) Tj ET Q q 0 0 0 rg BT 245.90 321.15 Td (increase ) Tj ET Q q 0 0 0 rg BT 282.25 321.15 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.08 321.15 Td (16%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 310.09 321.15 Td (. ) Tj ET Q q 0 0 0 rg BT 314.92 321.15 Td (For ) Tj ET Q q 0 0 0 rg BT 330.75 321.15 Td (the ) Tj ET Q q 0 0 0 rg BT 345.59 321.15 Td (first ) Tj ET Q q 0 0 0 rg BT 362.41 321.15 Td (half ) Tj ET Q q 0 0 0 rg BT 379.25 321.15 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 389.08 321.15 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 409.10 321.15 Td (, ) Tj ET Q q 0 0 0 rg BT 413.93 321.15 Td (the ) Tj ET Q q 0 0 0 rg BT 428.77 321.15 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 478.12 321.15 Td (recorded ) Tj ET Q q 0 0 0 rg BT 515.97 321.15 Td (revenues ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 310.35 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.99 310.35 Td ($98.9million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 119.52 310.35 Td (, ) Tj ET Q q 0 0 0 rg BT 124.50 310.35 Td (compared ) Tj ET Q q 0 0 0 rg BT 167.01 310.35 Td (with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 185.50 310.35 Td ($82.4million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 236.03 310.35 Td ( ) Tj ET Q q 0 0 0 rg BT 238.51 310.35 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 248.00 310.35 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 268.02 310.35 Td (, ) Tj ET Q q 0 0 0 rg BT 273.01 310.35 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 332.53 310.35 Td (to ) Tj ET Q q 0 0 0 rg BT 342.52 310.35 Td (an ) Tj ET Q q 0 0 0 rg BT 355.01 310.35 Td (increase ) Tj ET Q q 0 0 0 rg BT 391.52 310.35 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.51 310.35 Td (20%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.52 310.35 Td (. ) Tj ET Q q 0 0 0 rg BT 424.50 310.35 Td (For ) Tj ET Q q 0 0 0 rg BT 440.49 310.35 Td (both ) Tj ET Q q 0 0 0 rg BT 460.49 310.35 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.48 310.35 Td (second) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 504.51 310.35 Td ( ) Tj ET Q q 0 0 0 rg BT 506.99 310.35 Td (quarter ) Tj ET Q q 0 0 0 rg BT 537.99 310.35 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 299.55 Td (the ) Tj ET Q q 0 0 0 rg BT 74.74 299.55 Td (first ) Tj ET Q q 0 0 0 rg BT 92.46 299.55 Td (half ) Tj ET Q q 0 0 0 rg BT 110.20 299.55 Td (of ) Tj ET Q q 0 0 0 rg BT 120.93 299.55 Td (the ) Tj ET Q q 0 0 0 rg BT 136.67 299.55 Td (year) Tj ET Q q 0 0 0 rg BT 153.68 299.55 Td (, ) Tj ET Q q 0 0 0 rg BT 159.41 299.55 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 175.15 299.55 Td (increase) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 209.17 299.55 Td ( ) Tj ET Q q 0 0 0 rg BT 212.39 299.55 Td (is ) Tj ET Q q 0 0 0 rg BT 222.12 299.55 Td (due ) Tj ET Q q 0 0 0 rg BT 240.36 299.55 Td (mainly ) Tj ET Q q 0 0 0 rg BT 269.60 299.55 Td (to ) Tj ET Q q 0 0 0 rg BT 280.33 299.55 Td (additional ) Tj ET Q q 0 0 0 rg BT 322.09 299.55 Td (revenues ) Tj ET Q q 0 0 0 rg BT 362.34 299.55 Td (from ) Tj ET Q q 0 0 0 rg BT 383.57 299.55 Td (the ) Tj ET Q q 0 0 0 rg BT 399.31 299.55 Td (Stardale ) Tj ET Q q 0 0 0 rg BT 436.05 299.55 Td (solar ) Tj ET Q q 0 0 0 rg BT 458.79 299.55 Td (farm ) Tj ET Q q 0 0 0 rg BT 480.02 299.55 Td (\(since ) Tj ET Q q 0 0 0 rg BT 507.25 299.55 Td (May ) Tj ET Q q 0 0 0 rg BT 527.48 299.55 Td (2012\), ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 288.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 100.74 288.75 Td (capacity ) Tj ET Q q 0 0 0 rg BT 136.97 288.75 Td (at ) Tj ET Q q 0 0 0 rg BT 147.68 288.75 Td (the ) Tj ET Q q 0 0 0 rg BT 163.40 288.75 Td (Gros-Morne ) Tj ET Q q 0 0 0 rg BT 214.62 288.75 Td (wind ) Tj ET Q q 0 0 0 rg BT 236.34 288.75 Td (farm ) Tj ET Q q 0 0 0 rg BT 257.55 288.75 Td (\(since ) Tj ET Q q 0 0 0 rg BT 284.77 288.75 Td (November ) Tj ET Q q 0 0 0 rg BT 329.50 288.75 Td (2012\) ) Tj ET Q q 0 0 0 rg BT 355.73 288.75 Td (and ) Tj ET Q q 0 0 0 rg BT 373.95 288.75 Td (the ) Tj ET Q q 0 0 0 rg BT 389.67 288.75 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 435.41 288.75 Td (of ) Tj ET Q q 0 0 0 rg BT 446.12 288.75 Td (the ) Tj ET Q q 0 0 0 rg BT 461.85 288.75 Td (Brown ) Tj ET Q q 0 0 0 rg BT 490.57 288.75 Td (Lake ) Tj ET Q q 0 0 0 rg BT 513.29 288.75 Td (and ) Tj ET Q q 0 0 0 rg BT 531.52 288.75 Td (Miller ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 277.95 Td (Creek ) Tj ET Q q 0 0 0 rg BT 85.51 277.95 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 139.03 277.95 Td (facilities ) Tj ET Q q 0 0 0 rg BT 173.54 277.95 Td (\(since ) Tj ET Q q 0 0 0 rg BT 200.05 277.95 Td (October ) Tj ET Q q 0 0 0 rg BT 234.56 277.95 Td (2012\). ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 256.35 Td (Expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 234.75 Td (Operating ) Tj ET Q q 0 0 0 rg BT 101.42 234.75 Td (expenses ) Tj ET Q q 0 0 0 rg BT 142.84 234.75 Td (consist ) Tj ET Q q 0 0 0 rg BT 173.75 234.75 Td (primarily ) Tj ET Q q 0 0 0 rg BT 210.64 234.75 Td (of ) Tj ET Q q 0 0 0 rg BT 221.04 234.75 Td (the ) Tj ET Q q 0 0 0 rg BT 236.45 234.75 Td (operators' ) Tj ET Q q 0 0 0 rg BT 279.08 234.75 Td (salaries, ) Tj ET Q q 0 0 0 rg BT 315.49 234.75 Td (insurance ) Tj ET Q q 0 0 0 rg BT 357.41 234.75 Td (premiums, ) Tj ET Q q 0 0 0 rg BT 402.31 234.75 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 456.74 234.75 Td (related ) Tj ET Q q 0 0 0 rg BT 487.16 234.75 Td (to ) Tj ET Q q 0 0 0 rg BT 497.56 234.75 Td (operation ) Tj ET Q q 0 0 0 rg BT 537.98 234.75 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 223.95 Td (maintenance, ) Tj ET Q q 0 0 0 rg BT 115.54 223.95 Td (property ) Tj ET Q q 0 0 0 rg BT 151.05 223.95 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 177.56 223.95 Td (and ) Tj ET Q q 0 0 0 rg BT 195.08 223.95 Td (royalties.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 202.35 Td (For ) Tj ET Q q 0 0 0 rg BT 74.84 202.35 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 89.70 202.35 Td (three- ) Tj ET Q q 0 0 0 rg BT 115.55 202.35 Td (and ) Tj ET Q q 0 0 0 rg BT 132.92 202.35 Td (six-month ) Tj ET Q q 0 0 0 rg BT 174.27 202.35 Td (periods ) Tj ET Q q 0 0 0 rg BT 206.13 202.35 Td (ended ) Tj ET Q q 0 0 0 rg BT 233.50 202.35 Td (June ) Tj ET Q q 0 0 0 rg BT 255.36 202.35 Td (30, ) Tj ET Q q 0 0 0 rg BT 270.22 202.35 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 290.24 202.35 Td (, ) Tj ET Q q 0 0 0 rg BT 295.08 202.35 Td (the ) Tj ET Q q 0 0 0 rg BT 309.94 202.35 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 359.31 202.35 Td (recorded ) Tj ET Q q 0 0 0 rg BT 397.18 202.35 Td (operating ) Tj ET Q q 0 0 0 rg BT 437.05 202.35 Td (expenses ) Tj ET Q q 0 0 0 rg BT 477.92 202.35 Td (of ) Tj ET Q q 0 0 0 rg BT 487.77 202.35 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.11 202.35 Td ($8.3million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.64 202.35 Td ( ) Tj ET Q q 0 0 0 rg BT 537.98 202.35 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 191.55 Td ($14.7million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.53 191.55 Td ( ) Tj ET Q q 0 0 0 rg BT 111.61 191.55 Td (respectively ) Tj ET Q q 0 0 0 rg BT 161.22 191.55 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 164.22 191.55 Td ($6.5million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 209.74 191.55 Td ( ) Tj ET Q q 0 0 0 rg BT 211.83 191.55 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 228.93 191.55 Td ($12.1million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 279.46 191.55 Td ( ) Tj ET Q q 0 0 0 rg BT 281.54 191.55 Td (respectively ) Tj ET Q q 0 0 0 rg BT 331.15 191.55 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.24 191.55 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.26 191.55 Td (\). ) Tj ET Q q 0 0 0 rg BT 367.71 191.55 Td (This ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.80 191.55 Td (increase) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 420.82 191.55 Td ( ) Tj ET Q q 0 0 0 rg BT 422.90 191.55 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.49 191.55 Td (28%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.51 191.55 Td ( ) Tj ET Q q 0 0 0 rg BT 452.59 191.55 Td (in ) Tj ET Q q 0 0 0 rg BT 461.69 191.55 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.28 191.55 Td (second) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 505.30 191.55 Td ( ) Tj ET Q q 0 0 0 rg BT 507.39 191.55 Td (quarter ) Tj ET Q q 0 0 0 rg BT 537.99 191.55 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 180.75 Td (21%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.01 180.75 Td ( ) Tj ET Q q 0 0 0 rg BT 79.91 180.75 Td (for ) Tj ET Q q 0 0 0 rg BT 93.32 180.75 Td (the ) Tj ET Q q 0 0 0 rg BT 108.73 180.75 Td (first ) Tj ET Q q 0 0 0 rg BT 126.13 180.75 Td (half ) Tj ET Q q 0 0 0 rg BT 143.54 180.75 Td (of ) Tj ET Q q 0 0 0 rg BT 153.95 180.75 Td (2013 ) Tj ET Q q 0 0 0 rg BT 176.87 180.75 Td (is ) Tj ET Q q 0 0 0 rg BT 186.27 180.75 Td (due ) Tj ET Q q 0 0 0 rg BT 204.19 180.75 Td (mainly ) Tj ET Q q 0 0 0 rg BT 233.09 180.75 Td (to ) Tj ET Q q 0 0 0 rg BT 243.50 180.75 Td (the ) Tj ET Q q 0 0 0 rg BT 258.91 180.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 308.84 180.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 349.27 180.75 Td (a ) Tj ET Q q 0 0 0 rg BT 357.18 180.75 Td (greater ) Tj ET Q q 0 0 0 rg BT 388.59 180.75 Td (number ) Tj ET Q q 0 0 0 rg BT 422.01 180.75 Td (of ) Tj ET Q q 0 0 0 rg BT 432.42 180.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 467.33 180.75 Td (in ) Tj ET Q q 0 0 0 rg BT 477.23 180.75 Td (2013 ) Tj ET Q q 0 0 0 rg BT 500.16 180.75 Td (than ) Tj ET Q q 0 0 0 rg BT 520.57 180.75 Td (in ) Tj ET Q q 0 0 0 rg BT 530.48 180.75 Td (2012, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 169.95 Td (following ) Tj ET Q q 0 0 0 rg BT 96.93 169.95 Td (the ) Tj ET Q q 0 0 0 rg BT 112.35 169.95 Td (addition ) Tj ET Q q 0 0 0 rg BT 146.78 169.95 Td (of ) Tj ET Q q 0 0 0 rg BT 157.19 169.95 Td (the ) Tj ET Q q 0 0 0 rg BT 172.61 169.95 Td (Stardale ) Tj ET Q q 0 0 0 rg BT 209.04 169.95 Td (solar ) Tj ET Q q 0 0 0 rg BT 231.45 169.95 Td (farm, ) Tj ET Q q 0 0 0 rg BT 254.86 169.95 Td (additional ) Tj ET Q q 0 0 0 rg BT 296.30 169.95 Td (capacity ) Tj ET Q q 0 0 0 rg BT 332.22 169.95 Td (at ) Tj ET Q q 0 0 0 rg BT 342.64 169.95 Td (the ) Tj ET Q q 0 0 0 rg BT 358.06 169.95 Td (Gros-Morne ) Tj ET Q q 0 0 0 rg BT 408.97 169.95 Td (wind ) Tj ET Q q 0 0 0 rg BT 430.39 169.95 Td (farm ) Tj ET Q q 0 0 0 rg BT 451.30 169.95 Td (and ) Tj ET Q q 0 0 0 rg BT 469.22 169.95 Td (the ) Tj ET Q q 0 0 0 rg BT 484.64 169.95 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 530.07 169.95 Td (of ) Tj ET Q q 0 0 0 rg BT 540.48 169.95 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 159.15 Td (Brown ) Tj ET Q q 0 0 0 rg BT 86.92 159.15 Td (Lake ) Tj ET Q q 0 0 0 rg BT 108.85 159.15 Td (and ) Tj ET Q q 0 0 0 rg BT 126.27 159.15 Td (Miller ) Tj ET Q q 0 0 0 rg BT 150.18 159.15 Td (Creek ) Tj ET Q q 0 0 0 rg BT 176.60 159.15 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 230.03 159.15 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 266.95 159.15 Td (Greater ) Tj ET Q q 0 0 0 rg BT 299.87 159.15 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 353.82 159.15 Td (and ) Tj ET Q q 0 0 0 rg BT 371.24 159.15 Td (repair ) Tj ET Q q 0 0 0 rg BT 396.66 159.15 Td (activities ) Tj ET Q q 0 0 0 rg BT 433.58 159.15 Td (at ) Tj ET Q q 0 0 0 rg BT 443.50 159.15 Td (several ) Tj ET Q q 0 0 0 rg BT 474.92 159.15 Td (of ) Tj ET Q q 0 0 0 rg BT 484.84 159.15 Td (the ) Tj ET Q q 0 0 0 rg BT 499.76 159.15 Td (Corporation's ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 148.35 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 112.52 148.35 Td (facilities ) Tj ET Q q 0 0 0 rg BT 147.03 148.35 Td (and ) Tj ET Q q 0 0 0 rg BT 164.55 148.35 Td (wind ) Tj ET Q q 0 0 0 rg BT 185.56 148.35 Td (farms ) Tj ET Q q 0 0 0 rg BT 210.56 148.35 Td (during ) Tj ET Q q 0 0 0 rg BT 238.08 148.35 Td (the ) Tj ET Q q 0 0 0 rg BT 253.09 148.35 Td (second ) Tj ET Q q 0 0 0 rg BT 284.61 148.35 Td (quarter ) Tj ET Q q 0 0 0 rg BT 315.63 148.35 Td (also ) Tj ET Q q 0 0 0 rg BT 334.64 148.35 Td (explain ) Tj ET Q q 0 0 0 rg BT 365.66 148.35 Td (this ) Tj ET Q q 0 0 0 rg BT 382.17 148.35 Td (increase ) Tj ET Q q 0 0 0 rg BT 418.68 148.35 Td (in ) Tj ET Q q 0 0 0 rg BT 428.19 148.35 Td (operating ) Tj ET Q q 0 0 0 rg BT 468.22 148.35 Td ( ) Tj ET Q q 0 0 0 rg BT 470.72 148.35 Td (expenses.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 126.75 Td (General ) Tj ET Q q 0 0 0 rg BT 93.89 126.75 Td (and ) Tj ET Q q 0 0 0 rg BT 111.79 126.75 Td (administrative ) Tj ET Q q 0 0 0 rg BT 170.18 126.75 Td (expenses ) Tj ET Q q 0 0 0 rg BT 211.58 126.75 Td (totalled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 243.48 126.75 Td ($2.9million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 289.00 126.75 Td ( ) Tj ET Q q 0 0 0 rg BT 291.88 126.75 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.77 126.75 Td ($5.9million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.29 126.75 Td ( ) Tj ET Q q 0 0 0 rg BT 358.17 126.75 Td (respectively ) Tj ET Q q 0 0 0 rg BT 408.56 126.75 Td (for ) Tj ET Q q 0 0 0 rg BT 421.94 126.75 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.33 126.75 Td (three- ) Tj ET Q q 0 0 0 rg BT 463.71 126.75 Td (and ) Tj ET Q q 0 0 0 rg BT 481.61 126.75 Td (six-month ) Tj ET Q q 0 0 0 rg BT 523.49 126.75 Td (periods ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 115.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 86.50 115.95 Td (June ) Tj ET Q q 0 0 0 rg BT 108.50 115.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 123.48 115.95 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 143.50 115.95 Td ( ) Tj ET Q q 0 0 0 rg BT 145.98 115.95 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 148.98 115.95 Td ($2.6million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 194.50 115.95 Td ( ) Tj ET Q q 0 0 0 rg BT 196.98 115.95 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 214.47 115.95 Td ($5.7million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 259.99 115.95 Td ( ) Tj ET Q q 0 0 0 rg BT 262.47 115.95 Td (respectively ) Tj ET Q q 0 0 0 rg BT 312.46 115.95 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 321.94 115.95 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.96 115.95 Td (\). ) Tj ET Q q 0 0 0 rg BT 349.78 115.95 Td (This ) Tj ET Q q 0 0 0 rg BT 369.25 115.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 405.75 115.95 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 415.73 115.95 Td (1) Tj ET Q q 0 0 0 rg BT 420.07 115.95 Td (1%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.08 115.95 Td ( ) Tj ET Q q 0 0 0 rg BT 435.55 115.95 Td (in ) Tj ET Q q 0 0 0 rg BT 445.03 115.95 Td (the ) Tj ET Q q 0 0 0 rg BT 460.02 115.95 Td (second ) Tj ET Q q 0 0 0 rg BT 491.52 115.95 Td (quarter ) Tj ET Q q 0 0 0 rg BT 522.51 115.95 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.00 115.95 Td (4%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.01 115.95 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 105.15 Td (in ) Tj ET Q q 0 0 0 rg BT 68.51 105.15 Td (the ) Tj ET Q q 0 0 0 rg BT 83.52 105.15 Td (first ) Tj ET Q q 0 0 0 rg BT 100.52 105.15 Td (half ) Tj ET Q q 0 0 0 rg BT 117.53 105.15 Td (of ) Tj ET Q q 0 0 0 rg BT 127.53 105.15 Td (the ) Tj ET Q q 0 0 0 rg BT 142.54 105.15 Td (year ) Tj ET Q q 0 0 0 rg BT 162.55 105.15 Td (reflects ) Tj ET Q q 0 0 0 rg BT 194.06 105.15 Td (the ) Tj ET Q q 0 0 0 rg BT 209.07 105.15 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 264.82 105.15 Td (larger ) Tj ET Q q 0 0 0 rg BT 290.33 105.15 Td (size.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 83.55 Td (Prospective ) Tj ET Q q 0 0 0 rg BT 109.50 83.55 Td (project ) Tj ET Q q 0 0 0 rg BT 140.00 83.55 Td (expenses ) Tj ET Q q 0 0 0 rg BT 182.01 83.55 Td (include ) Tj ET Q q 0 0 0 rg BT 214.02 83.55 Td (the ) Tj ET Q q 0 0 0 rg BT 230.01 83.55 Td (costs ) Tj ET Q q 0 0 0 rg BT 254.50 83.55 Td (incurred ) Tj ET Q q 0 0 0 rg BT 290.50 83.55 Td (for ) Tj ET Q q 0 0 0 rg BT 304.48 83.55 Td (the ) Tj ET Q q 0 0 0 rg BT 320.48 83.55 Td (development ) Tj ET Q q 0 0 0 rg BT 375.50 83.55 Td (of ) Tj ET Q q 0 0 0 rg BT 386.49 83.55 Td (Prospective ) Tj ET Q q 0 0 0 rg BT 436.99 83.55 Td (Projects. ) Tj ET Q q 0 0 0 rg BT 475.49 83.55 Td (Prospective ) Tj ET Q q 0 0 0 rg BT 525.99 83.55 Td (project ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 72.75 Td (expenses ) Tj ET Q q 0 0 0 rg BT 101.91 72.75 Td (totalled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 135.31 72.75 Td ($0.7million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 180.83 72.75 Td ( ) Tj ET Q q 0 0 0 rg BT 185.22 72.75 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 204.61 72.75 Td ($1.5million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 250.14 72.75 Td ( ) Tj ET Q q 0 0 0 rg BT 254.52 72.75 Td (respectively ) Tj ET Q q 0 0 0 rg BT 306.42 72.75 Td (for ) Tj ET Q q 0 0 0 rg BT 321.30 72.75 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.20 72.75 Td (three- ) Tj ET Q q 0 0 0 rg BT 366.09 72.75 Td (and ) Tj ET Q q 0 0 0 rg BT 385.49 72.75 Td (six-month ) Tj ET Q q 0 0 0 rg BT 428.88 72.75 Td (periods ) Tj ET Q q 0 0 0 rg BT 462.78 72.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 492.19 72.75 Td (June ) Tj ET Q q 0 0 0 rg BT 516.09 72.75 Td (30, ) Tj ET Q q 0 0 0 rg BT 532.98 72.75 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.00 72.75 Td ( ) Tj ET Q q 0 0 0 rg BT 555.50 72.75 Td ( ) Tj ET Q q 0 0 0 rg BT 558.00 72.75 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 61.95 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 61.95 Td ($0.6million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 107.52 61.95 Td ( ) Tj ET Q q 0 0 0 rg BT 110.02 61.95 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 127.54 61.95 Td ($1.7million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 173.06 61.95 Td ( ) Tj ET Q q 0 0 0 rg BT 175.56 61.95 Td (respectively ) Tj ET Q q 0 0 0 rg BT 225.58 61.95 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 235.08 61.95 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 255.11 61.95 Td (\). ) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 15) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 684.65 Td (Finance ) Tj ET Q q 0 0 0 rg BT 95.51 684.65 Td (Costs ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 663.05 Td (Finance ) Tj ET Q q 0 0 0 rg BT 93.57 663.05 Td (costs ) Tj ET Q q 0 0 0 rg BT 117.13 663.05 Td (include ) Tj ET Q q 0 0 0 rg BT 148.20 663.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 180.27 663.05 Td (on ) Tj ET Q q 0 0 0 rg BT 192.84 663.05 Td (long-term ) Tj ET Q q 0 0 0 rg BT 233.40 663.05 Td (debt ) Tj ET Q q 0 0 0 rg BT 253.47 663.05 Td (and ) Tj ET Q q 0 0 0 rg BT 271.04 663.05 Td (convertible ) Tj ET Q q 0 0 0 rg BT 317.12 663.05 Td (debentures, ) Tj ET Q q 0 0 0 rg BT 367.21 663.05 Td (inflation ) Tj ET Q q 0 0 0 rg BT 400.78 663.05 Td (compensation ) Tj ET Q q 0 0 0 rg BT 459.37 663.05 Td (interest, ) Tj ET Q q 0 0 0 rg BT 493.94 663.05 Td (amortization ) Tj ET Q q 0 0 0 rg BT 545.51 663.05 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 652.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 98.64 652.25 Td (fees, ) Tj ET Q q 0 0 0 rg BT 121.77 652.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 174.40 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 185.52 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.65 652.25 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 249.29 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 260.41 652.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 302.03 652.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 323.16 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.79 652.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 388.93 652.25 Td (debentures, ) Tj ET Q q 0 0 0 rg BT 440.08 652.25 Td (accretion ) Tj ET Q q 0 0 0 rg BT 480.21 652.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 517.85 652.25 Td (on ) Tj ET Q q 0 0 0 rg BT 531.48 652.25 Td (asset ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 641.45 Td (retirement ) Tj ET Q q 0 0 0 rg BT 102.01 641.45 Td (obligations ) Tj ET Q q 0 0 0 rg BT 147.55 641.45 Td (and ) Tj ET Q q 0 0 0 rg BT 165.06 641.45 Td (accretion ) Tj ET Q q 0 0 0 rg BT 204.08 641.45 Td (expense ) Tj ET Q q 0 0 0 rg BT 240.61 641.45 Td (on ) Tj ET Q q 0 0 0 rg BT 253.12 641.45 Td (contingent ) Tj ET Q q 0 0 0 rg BT 297.15 641.45 Td (considerations ) Tj ET Q q 0 0 0 rg BT 357.69 641.45 Td (as ) Tj ET Q q 0 0 0 rg BT 369.69 641.45 Td (well ) Tj ET Q q 0 0 0 rg BT 387.70 641.45 Td (as ) Tj ET Q q 0 0 0 rg BT 399.70 641.45 Td (other ) Tj ET Q q 0 0 0 rg BT 422.72 641.45 Td (financing ) Tj ET Q q 0 0 0 rg BT 461.24 641.45 Td (expenses. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 619.85 Td (For ) Tj ET Q q 0 0 0 rg BT 74.92 619.85 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 89.85 619.85 Td (three- ) Tj ET Q q 0 0 0 rg BT 115.78 619.85 Td (and ) Tj ET Q q 0 0 0 rg BT 133.22 619.85 Td (six-month ) Tj ET Q q 0 0 0 rg BT 174.65 619.85 Td (periods ) Tj ET Q q 0 0 0 rg BT 206.59 619.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 234.03 619.85 Td (June ) Tj ET Q q 0 0 0 rg BT 255.97 619.85 Td (30, ) Tj ET Q q 0 0 0 rg BT 270.90 619.85 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 290.92 619.85 Td (, ) Tj ET Q q 0 0 0 rg BT 295.84 619.85 Td (finance ) Tj ET Q q 0 0 0 rg BT 327.28 619.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 350.71 619.85 Td (totalled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.15 619.85 Td ($18.8million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.68 619.85 Td ( ) Tj ET Q q 0 0 0 rg BT 435.10 619.85 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.53 619.85 Td ($31.8million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 503.06 619.85 Td ( ) Tj ET Q q 0 0 0 rg BT 505.48 619.85 Td (respectively ) Tj ET Q q 0 0 0 rg BT 555.50 619.85 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 609.05 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 609.05 Td ($18.2million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 112.53 609.05 Td ( ) Tj ET Q q 0 0 0 rg BT 114.38 609.05 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 131.26 609.05 Td ($32.1million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 181.79 609.05 Td ( ) Tj ET Q q 0 0 0 rg BT 183.65 609.05 Td (respectively ) Tj ET Q q 0 0 0 rg BT 233.03 609.05 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 241.89 609.05 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 261.91 609.05 Td (\). ) Tj ET Q q 0 0 0 rg BT 269.27 609.05 Td (Finance ) Tj ET Q q 0 0 0 rg BT 303.15 609.05 Td (costs ) Tj ET Q q 0 0 0 rg BT 326.01 609.05 Td (have ) Tj ET Q q 0 0 0 rg BT 347.39 609.05 Td (remained ) Tj ET Q q 0 0 0 rg BT 386.77 609.05 Td (relatively ) Tj ET Q q 0 0 0 rg BT 424.14 609.05 Td (stable ) Tj ET Q q 0 0 0 rg BT 450.01 609.05 Td (due ) Tj ET Q q 0 0 0 rg BT 466.89 609.05 Td (mainly ) Tj ET Q q 0 0 0 rg BT 494.76 609.05 Td (to ) Tj ET Q q 0 0 0 rg BT 504.12 609.05 Td (stable ) Tj ET Q q 0 0 0 rg BT 530.00 609.05 Td (levels ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 68.26 598.25 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 126.05 598.25 Td (except ) Tj ET Q q 0 0 0 rg BT 154.31 598.25 Td (for ) Tj ET Q q 0 0 0 rg BT 166.57 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.83 598.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 214.10 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.36 598.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 261.13 598.25 Td (for ) Tj ET Q q 0 0 0 rg BT 273.39 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.65 598.25 Td (Kwoiek ) Tj ET Q q 0 0 0 rg BT 318.41 598.25 Td (Creek ) Tj ET Q q 0 0 0 rg BT 344.17 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 360.93 598.25 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 403.20 598.25 Td (Stave ) Tj ET Q q 0 0 0 rg BT 427.96 598.25 Td (River ) Tj ET Q q 0 0 0 rg BT 450.71 598.25 Td (projects, ) Tj ET Q q 0 0 0 rg BT 486.47 598.25 Td (for ) Tj ET Q q 0 0 0 rg BT 498.73 598.25 Td (which ) Tj ET Q q 0 0 0 rg BT 523.48 598.25 Td (interest ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 587.45 Td (expenses ) Tj ET Q q 0 0 0 rg BT 99.79 587.45 Td (are ) Tj ET Q q 0 0 0 rg BT 115.06 587.45 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 159.85 587.45 Td (until ) Tj ET Q q 0 0 0 rg BT 178.63 587.45 Td (the ) Tj ET Q q 0 0 0 rg BT 193.40 587.45 Td (projects ) Tj ET Q q 0 0 0 rg BT 227.18 587.45 Td (reach ) Tj ET Q q 0 0 0 rg BT 251.95 587.45 Td (commercial ) Tj ET Q q 0 0 0 rg BT 300.22 587.45 Td (operation, ) Tj ET Q q 0 0 0 rg BT 342.52 587.45 Td (and ) Tj ET Q q 0 0 0 rg BT 359.80 587.45 Td (for ) Tj ET Q q 0 0 0 rg BT 372.56 587.45 Td (the ) Tj ET Q q 0 0 0 rg BT 387.34 587.45 Td (higher ) Tj ET Q q 0 0 0 rg BT 414.62 587.45 Td (level ) Tj ET Q q 0 0 0 rg BT 435.39 587.45 Td (of ) Tj ET Q q 0 0 0 rg BT 445.16 587.45 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 491.46 587.45 Td (for ) Tj ET Q q 0 0 0 rg BT 504.22 587.45 Td (the ) Tj ET Q q 0 0 0 rg BT 519.00 587.45 Td (Carleton ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 576.65 Td (wind ) Tj ET Q q 0 0 0 rg BT 80.02 576.65 Td (farm, ) Tj ET Q q 0 0 0 rg BT 103.03 576.65 Td (which ) Tj ET Q q 0 0 0 rg BT 128.55 576.65 Td (was ) Tj ET Q q 0 0 0 rg BT 147.07 576.65 Td (recorded ) Tj ET Q q 0 0 0 rg BT 185.10 576.65 Td (at ) Tj ET Q q 0 0 0 rg BT 195.11 576.65 Td (the ) Tj ET Q q 0 0 0 rg BT 210.13 576.65 Td (end ) Tj ET Q q 0 0 0 rg BT 227.66 576.65 Td (of ) Tj ET Q q 0 0 0 rg BT 237.68 576.65 Td (the ) Tj ET Q q 0 0 0 rg BT 252.70 576.65 Td (second ) Tj ET Q q 0 0 0 rg BT 284.23 576.65 Td (quarter) Tj ET Q q 0 0 0 rg BT 312.25 576.65 Td (. ) Tj ET Q q 0 0 0 rg BT 316.76 576.65 Td (Also, ) Tj ET Q q 0 0 0 rg BT 339.28 576.65 Td (during ) Tj ET Q q 0 0 0 rg BT 366.81 576.65 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.83 576.65 Td (six-month ) Tj ET Q q 0 0 0 rg BT 423.35 576.65 Td (period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.37 576.65 Td ( ) Tj ET Q q 0 0 0 rg BT 450.88 576.65 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.42 576.65 Td (June30, ) Tj ET Q q 0 0 0 rg BT 515.45 576.65 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.48 576.65 Td (, ) Tj ET Q q 0 0 0 rg BT 540.49 576.65 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 565.85 Td (higher ) Tj ET Q q 0 0 0 rg BT 86.42 565.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 118.34 565.85 Td (expense ) Tj ET Q q 0 0 0 rg BT 154.77 565.85 Td (on ) Tj ET Q q 0 0 0 rg BT 167.19 565.85 Td (the ) Tj ET Q q 0 0 0 rg BT 182.11 565.85 Td (Stardale ) Tj ET Q q 0 0 0 rg BT 218.03 565.85 Td (financing ) Tj ET Q q 0 0 0 rg BT 256.47 565.85 Td (was ) Tj ET Q q 0 0 0 rg BT 274.88 565.85 Td (of) Tj ET Q q 0 0 0 rg BT 282.22 565.85 Td (fset ) Tj ET Q q 0 0 0 rg BT 299.13 565.85 Td (by ) Tj ET Q q 0 0 0 rg BT 311.04 565.85 Td (a ) Tj ET Q q 0 0 0 rg BT 318.45 565.85 Td (lower ) Tj ET Q q 0 0 0 rg BT 342.36 565.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 374.28 565.85 Td (expense ) Tj ET Q q 0 0 0 rg BT 410.71 565.85 Td (\(or ) Tj ET Q q 0 0 0 rg BT 424.12 565.85 Td (negative ) Tj ET Q q 0 0 0 rg BT 460.55 565.85 Td (inflation ) Tj ET Q q 0 0 0 rg BT 493.98 565.85 Td (compensation\) ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 555.05 Td (on ) Tj ET Q q 0 0 0 rg BT 71.51 555.05 Td (the ) Tj ET Q q 0 0 0 rg BT 86.52 555.05 Td (real-return ) Tj ET Q q 0 0 0 rg BT 130.54 555.05 Td (bonds ) Tj ET Q q 0 0 0 rg BT 157.56 555.05 Td (due ) Tj ET Q q 0 0 0 rg BT 175.08 555.05 Td (to ) Tj ET Q q 0 0 0 rg BT 185.08 555.05 Td (deflation.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 533.45 Td (As ) Tj ET Q q 0 0 0 rg BT 71.41 533.45 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 80.83 533.45 Td (June30, ) Tj ET Q q 0 0 0 rg BT 117.27 533.45 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 137.29 533.45 Td (, ) Tj ET Q q 0 0 0 rg BT 141.70 533.45 Td (96% ) Tj ET Q q 0 0 0 rg BT 161.62 533.45 Td (of ) Tj ET Q q 0 0 0 rg BT 171.04 533.45 Td (the ) Tj ET Q q 0 0 0 rg BT 185.46 533.45 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 240.61 533.45 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 289.06 533.45 Td (debt, ) Tj ET Q q 0 0 0 rg BT 310.98 533.45 Td (including ) Tj ET Q q 0 0 0 rg BT 348.42 533.45 Td (convertible ) Tj ET Q q 0 0 0 rg BT 393.85 533.45 Td (debentures, ) Tj ET Q q 0 0 0 rg BT 443.30 533.45 Td (was ) Tj ET Q q 0 0 0 rg BT 461.21 533.45 Td (fixed ) Tj ET Q q 0 0 0 rg BT 482.13 533.45 Td (or ) Tj ET Q q 0 0 0 rg BT 492.05 533.45 Td (hedged ) Tj ET Q q 0 0 0 rg BT 523.99 533.45 Td (against ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 522.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 90.97 522.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 108.93 522.65 Td (movements ) Tj ET Q q 0 0 0 rg BT 157.89 522.65 Td (\(85% ) Tj ET Q q 0 0 0 rg BT 181.35 522.65 Td (as ) Tj ET Q q 0 0 0 rg BT 193.31 522.65 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 203.27 522.65 Td (June30, ) Tj ET Q q 0 0 0 rg BT 240.25 522.65 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 260.27 522.65 Td (\). ) Tj ET Q q 0 0 0 rg BT 268.06 522.65 Td (The ) Tj ET Q q 0 0 0 rg BT 286.02 522.65 Td (dif) Tj ET Q q 0 0 0 rg BT 295.36 522.65 Td (ference ) Tj ET Q q 0 0 0 rg BT 327.83 522.65 Td (is ) Tj ET Q q 0 0 0 rg BT 336.78 522.65 Td (due ) Tj ET Q q 0 0 0 rg BT 354.25 522.65 Td (to ) Tj ET Q q 0 0 0 rg BT 364.21 522.65 Td (the ) Tj ET Q q 0 0 0 rg BT 379.17 522.65 Td (Stardale ) Tj ET Q q 0 0 0 rg BT 415.15 522.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 447.11 522.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 465.07 522.65 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 495.53 522.65 Td (which ) Tj ET Q q 0 0 0 rg BT 521.00 522.65 Td (became ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 511.85 Td (ef) Tj ET Q q 0 0 0 rg BT 66.34 511.85 Td (fective ) Tj ET Q q 0 0 0 rg BT 94.85 511.85 Td (at ) Tj ET Q q 0 0 0 rg BT 104.86 511.85 Td (the ) Tj ET Q q 0 0 0 rg BT 119.87 511.85 Td (end ) Tj ET Q q 0 0 0 rg BT 137.39 511.85 Td (of ) Tj ET Q q 0 0 0 rg BT 147.40 511.85 Td (the ) Tj ET Q q 0 0 0 rg BT 162.41 511.85 Td (third ) Tj ET Q q 0 0 0 rg BT 182.42 511.85 Td (quarter ) Tj ET Q q 0 0 0 rg BT 213.43 511.85 Td (of ) Tj ET Q q 0 0 0 rg BT 223.44 511.85 Td (2012.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 490.25 Td (The ) Tj ET Q q 0 0 0 rg BT 76.88 490.25 Td (ef) Tj ET Q q 0 0 0 rg BT 84.22 490.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 112.60 490.25 Td (all-in ) Tj ET Q q 0 0 0 rg BT 133.98 490.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 165.86 490.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 183.74 490.25 Td (on ) Tj ET Q q 0 0 0 rg BT 196.12 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.00 490.25 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 266.61 490.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 286.50 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 303.89 490.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 349.78 490.25 Td (debentures ) Tj ET Q q 0 0 0 rg BT 397.18 490.25 Td (was ) Tj ET Q q 0 0 0 rg BT 415.56 490.25 Td (5.61% ) Tj ET Q q 0 0 0 rg BT 443.45 490.25 Td (as ) Tj ET Q q 0 0 0 rg BT 455.32 490.25 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.20 490.25 Td (June30, ) Tj ET Q q 0 0 0 rg BT 502.10 490.25 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.12 490.25 Td ( ) Tj ET Q q 0 0 0 rg BT 524.49 490.25 Td (\(5.65% ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 479.45 Td (as ) Tj ET Q q 0 0 0 rg BT 70.67 479.45 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 80.35 479.45 Td (June30, ) Tj ET Q q 0 0 0 rg BT 117.05 479.45 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 137.07 479.45 Td (\). ) Tj ET Q q 0 0 0 rg BT 144.59 479.45 Td (The ) Tj ET Q q 0 0 0 rg BT 162.27 479.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 201.47 479.45 Td (stems ) Tj ET Q q 0 0 0 rg BT 227.64 479.45 Td (from ) Tj ET Q q 0 0 0 rg BT 247.81 479.45 Td (lower ) Tj ET Q q 0 0 0 rg BT 271.48 479.45 Td (inflation ) Tj ET Q q 0 0 0 rg BT 304.67 479.45 Td (compensation ) Tj ET Q q 0 0 0 rg BT 362.88 479.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 394.56 479.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 416.74 479.45 Td (for ) Tj ET Q q 0 0 0 rg BT 429.41 479.45 Td (the ) Tj ET Q q 0 0 0 rg BT 444.09 479.45 Td (real ) Tj ET Q q 0 0 0 rg BT 461.27 479.45 Td (return ) Tj ET Q q 0 0 0 rg BT 486.95 479.45 Td (bonds ) Tj ET Q q 0 0 0 rg BT 513.64 479.45 Td (due ) Tj ET Q q 0 0 0 rg BT 530.83 479.45 Td (to ) Tj ET Q q 0 0 0 rg BT 540.50 479.45 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 468.65 Td (lower ) Tj ET Q q 0 0 0 rg BT 83.17 468.65 Td (inflation ) Tj ET Q q 0 0 0 rg BT 116.85 468.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 135.03 468.65 Td (in ) Tj ET Q q 0 0 0 rg BT 144.69 468.65 Td (the ) Tj ET Q q 0 0 0 rg BT 159.87 468.65 Td (first ) Tj ET Q q 0 0 0 rg BT 177.03 468.65 Td (quarter ) Tj ET Q q 0 0 0 rg BT 208.21 468.65 Td (of ) Tj ET Q q 0 0 0 rg BT 218.38 468.65 Td (2013, ) Tj ET Q q 0 0 0 rg BT 243.56 468.65 Td (the ) Tj ET Q q 0 0 0 rg BT 258.74 468.65 Td (addition ) Tj ET Q q 0 0 0 rg BT 292.93 468.65 Td (of ) Tj ET Q q 0 0 0 rg BT 303.09 468.65 Td (the ) Tj ET Q q 0 0 0 rg BT 318.27 468.65 Td (Kwoiek ) Tj ET Q q 0 0 0 rg BT 349.94 468.65 Td (Creek ) Tj ET Q q 0 0 0 rg BT 376.61 468.65 Td (loan, ) Tj ET Q q 0 0 0 rg BT 398.79 468.65 Td (which ) Tj ET Q q 0 0 0 rg BT 424.47 468.65 Td (bears ) Tj ET Q q 0 0 0 rg BT 449.64 468.65 Td (a ) Tj ET Q q 0 0 0 rg BT 457.31 468.65 Td (low ) Tj ET Q q 0 0 0 rg BT 473.48 468.65 Td (fixed ) Tj ET Q q 0 0 0 rg BT 495.15 468.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 527.33 468.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 545.50 468.65 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 457.85 Td (5.075%, ) Tj ET Q q 0 0 0 rg BT 94.92 457.85 Td (and ) Tj ET Q q 0 0 0 rg BT 112.84 457.85 Td (the ) Tj ET Q q 0 0 0 rg BT 128.24 457.85 Td (addition ) Tj ET Q q 0 0 0 rg BT 162.67 457.85 Td (of ) Tj ET Q q 0 0 0 rg BT 173.07 457.85 Td (the ) Tj ET Q q 0 0 0 rg BT 188.48 457.85 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 231.89 457.85 Td (Stave ) Tj ET Q q 0 0 0 rg BT 257.80 457.85 Td (River ) Tj ET Q q 0 0 0 rg BT 281.70 457.85 Td (loan, ) Tj ET Q q 0 0 0 rg BT 304.12 457.85 Td (which ) Tj ET Q q 0 0 0 rg BT 330.02 457.85 Td (bears ) Tj ET Q q 0 0 0 rg BT 355.43 457.85 Td (a ) Tj ET Q q 0 0 0 rg BT 363.34 457.85 Td (low ) Tj ET Q q 0 0 0 rg BT 379.74 457.85 Td (fixed ) Tj ET Q q 0 0 0 rg BT 401.65 457.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 434.06 457.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 452.46 457.85 Td (of ) Tj ET Q q 0 0 0 rg BT 462.87 457.85 Td (5.3%. ) Tj ET Q q 0 0 0 rg BT 488.59 457.85 Td (These ) Tj ET Q q 0 0 0 rg BT 516.50 457.85 Td (elements ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 447.05 Td (were ) Tj ET Q q 0 0 0 rg BT 81.52 447.05 Td (partly ) Tj ET Q q 0 0 0 rg BT 106.55 447.05 Td (of) Tj ET Q q 0 0 0 rg BT 113.89 447.05 Td (fset ) Tj ET Q q 0 0 0 rg BT 131.42 447.05 Td (by ) Tj ET Q q 0 0 0 rg BT 143.94 447.05 Td (a ) Tj ET Q q 0 0 0 rg BT 151.96 447.05 Td (higher ) Tj ET Q q 0 0 0 rg BT 180.00 447.05 Td (all-in ) Tj ET Q q 0 0 0 rg BT 202.02 447.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 234.55 447.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 253.08 447.05 Td (of ) Tj ET Q q 0 0 0 rg BT 263.60 447.05 Td (5.79% ) Tj ET Q q 0 0 0 rg BT 292.13 447.05 Td (on ) Tj ET Q q 0 0 0 rg BT 305.16 447.05 Td (the ) Tj ET Q q 0 0 0 rg BT 320.69 447.05 Td (Stardale ) Tj ET Q q 0 0 0 rg BT 357.23 447.05 Td (loan, ) Tj ET Q q 0 0 0 rg BT 379.76 447.05 Td (which ) Tj ET Q q 0 0 0 rg BT 405.79 447.05 Td (has ) Tj ET Q q 0 0 0 rg BT 423.32 447.05 Td (been ) Tj ET Q q 0 0 0 rg BT 446.36 447.05 Td (hedged ) Tj ET Q q 0 0 0 rg BT 479.41 447.05 Td (by ) Tj ET Q q 0 0 0 rg BT 491.93 447.05 Td (an ) Tj ET Q q 0 0 0 rg BT 504.96 447.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 537.49 447.05 Td (rate ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 436.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 83.60 436.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 119.20 436.25 Td (since ) Tj ET Q q 0 0 0 rg BT 143.80 436.25 Td (September ) Tj ET Q q 0 0 0 rg BT 191.41 436.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 217.52 436.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.12 436.25 Td (by ) Tj ET Q q 0 0 0 rg BT 249.21 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.31 436.25 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 312.92 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.02 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.12 436.25 Td (Carleton ) Tj ET Q q 0 0 0 rg BT 377.72 436.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 398.32 436.25 Td (at ) Tj ET Q q 0 0 0 rg BT 409.42 436.25 Td (a ) Tj ET Q q 0 0 0 rg BT 418.01 436.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 446.61 436.25 Td (all-in ) Tj ET Q q 0 0 0 rg BT 469.21 436.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 502.31 436.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 521.40 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 532.50 436.25 Td (5.6% ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 425.45 Td (\(compared ) Tj ET Q q 0 0 0 rg BT 104.69 425.45 Td (with ) Tj ET Q q 0 0 0 rg BT 123.37 425.45 Td (4.84% ) Tj ET Q q 0 0 0 rg BT 151.56 425.45 Td (previously\), ) Tj ET Q q 0 0 0 rg BT 200.24 425.45 Td (which ) Tj ET Q q 0 0 0 rg BT 225.92 425.45 Td (has ) Tj ET Q q 0 0 0 rg BT 243.11 425.45 Td (been ) Tj ET Q q 0 0 0 rg BT 265.80 425.45 Td (hedged ) Tj ET Q q 0 0 0 rg BT 298.50 425.45 Td (by ) Tj ET Q q 0 0 0 rg BT 310.68 425.45 Td (an ) Tj ET Q q 0 0 0 rg BT 323.36 425.45 Td (interest-rate ) Tj ET Q q 0 0 0 rg BT 374.05 425.45 Td (swap ) Tj ET Q q 0 0 0 rg BT 397.73 425.45 Td (contract ) Tj ET Q q 0 0 0 rg BT 432.42 425.45 Td (since ) Tj ET Q q 0 0 0 rg BT 456.10 425.45 Td (November ) Tj ET Q q 0 0 0 rg BT 500.29 425.45 Td (2008. ) Tj ET Q q 0 0 0 rg BT 525.48 425.45 Td (Please ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 414.65 Td (refer ) Tj ET Q q 0 0 0 rg BT 80.01 414.65 Td (to ) Tj ET Q q 0 0 0 rg BT 90.01 414.65 Td (the ) Tj ET Q q 0 0 0 rg BT 105.02 414.65 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 150.53 414.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 189.05 414.65 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 238.57 414.65 Td (and ) Tj ET Q q 0 0 0 rg BT 256.09 414.65 Td (Risk ) Tj ET Q q 0 0 0 rg BT 276.09 414.65 Td (Management ) Tj ET Q q 0 0 0 rg BT 334.12 414.65 Td (section ) Tj ET Q q 0 0 0 rg BT 365.13 414.65 Td (for ) Tj ET Q q 0 0 0 rg BT 378.14 414.65 Td (more ) Tj ET Q q 0 0 0 rg BT 401.14 414.65 Td (information. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 393.05 Td (Other ) Tj ET Q q 0 0 0 rg BT 85.50 393.05 Td (Net ) Tj ET Q q 0 0 0 rg BT 102.51 393.05 Td (\(Revenues\) ) Tj ET Q q 0 0 0 rg BT 153.52 393.05 Td (Expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 371.45 Td (Other ) Tj ET Q q 0 0 0 rg BT 84.52 371.45 Td (net ) Tj ET Q q 0 0 0 rg BT 100.05 371.45 Td (\(revenues\) ) Tj ET Q q 0 0 0 rg BT 146.08 371.45 Td (expenses ) Tj ET Q q 0 0 0 rg BT 187.63 371.45 Td (include ) Tj ET Q q 0 0 0 rg BT 219.16 371.45 Td (the ) Tj ET Q q 0 0 0 rg BT 234.69 371.45 Td (transaction ) Tj ET Q q 0 0 0 rg BT 281.73 371.45 Td (costs, ) Tj ET Q q 0 0 0 rg BT 308.25 371.45 Td (realized ) Tj ET Q q 0 0 0 rg BT 342.79 371.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 361.81 371.45 Td (on ) Tj ET Q q 0 0 0 rg BT 374.83 371.45 Td (foreign ) Tj ET Q q 0 0 0 rg BT 405.37 371.45 Td (exchange, ) Tj ET Q q 0 0 0 rg BT 449.92 371.45 Td (realized ) Tj ET Q q 0 0 0 rg BT 484.45 371.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 503.47 371.45 Td (or ) Tj ET Q q 0 0 0 rg BT 514.49 371.45 Td (derivative ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 360.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 93.57 360.65 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 144.15 360.65 Td (gain ) Tj ET Q q 0 0 0 rg BT 162.72 360.65 Td (on ) Tj ET Q q 0 0 0 rg BT 174.28 360.65 Td (contingent ) Tj ET Q q 0 0 0 rg BT 217.37 360.65 Td (considerations, ) Tj ET Q q 0 0 0 rg BT 279.46 360.65 Td (compensation ) Tj ET Q q 0 0 0 rg BT 337.04 360.65 Td (from ) Tj ET Q q 0 0 0 rg BT 356.60 360.65 Td (contractor) Tj ET Q q 0 0 0 rg BT 396.12 360.65 Td (, ) Tj ET Q q 0 0 0 rg BT 400.17 360.65 Td (settlement ) Tj ET Q q 0 0 0 rg BT 443.25 360.65 Td (of ) Tj ET Q q 0 0 0 rg BT 452.31 360.65 Td (claims ) Tj ET Q q 0 0 0 rg BT 479.36 360.65 Td (received ) Tj ET Q q 0 0 0 rg BT 514.94 360.65 Td (in ) Tj ET Q q 0 0 0 rg BT 523.49 360.65 Td (relation ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 349.85 Td (with ) Tj ET Q q 0 0 0 rg BT 77.51 349.85 Td (an ) Tj ET Q q 0 0 0 rg BT 90.02 349.85 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 135.04 349.85 Td (and ) Tj ET Q q 0 0 0 rg BT 152.56 349.85 Td (other ) Tj ET Q q 0 0 0 rg BT 175.57 349.85 Td (net ) Tj ET Q q 0 0 0 rg BT 190.59 349.85 Td (revenues. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 339.05 Td ( ) Tj ET Q q 0 0 0 rg BT 61.50 339.05 Td ( ) Tj ET Q q 0 0 0 rg BT 64.00 339.05 Td ( ) Tj ET Q q 0 0 0 rg BT 66.50 339.05 Td ( ) Tj ET Q q 0 0 0 rg BT 69.00 339.05 Td ( ) Tj ET Q q 0 0 0 rg BT 71.50 339.05 Td ( ) Tj ET Q q 0 0 0 rg BT 74.00 339.05 Td ( ) Tj ET Q q 0 0 0 rg BT 76.50 339.05 Td ( ) Tj ET Q q 0 0 0 rg BT 79.00 339.05 Td ( ) Tj ET Q q 0 0 0 rg BT 81.50 339.05 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 328.25 Td (For ) Tj ET Q q 0 0 0 rg BT 75.01 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 90.03 328.25 Td (three-month ) Tj ET Q q 0 0 0 rg BT 141.07 328.25 Td (period ) Tj ET Q q 0 0 0 rg BT 168.60 328.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 196.14 328.25 Td (June ) Tj ET Q q 0 0 0 rg BT 218.17 328.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 233.19 328.25 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 253.21 328.25 Td (, ) Tj ET Q q 0 0 0 rg BT 258.22 328.25 Td (other ) Tj ET Q q 0 0 0 rg BT 281.25 328.25 Td (net ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 296.27 328.25 Td (expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.80 328.25 Td ( ) Tj ET Q q 0 0 0 rg BT 337.31 328.25 Td (totalled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.84 328.25 Td ($3.0million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.37 328.25 Td ( ) Tj ET Q q 0 0 0 rg BT 416.88 328.25 Td (\(other ) Tj ET Q q 0 0 0 rg BT 442.90 328.25 Td (net ) Tj ET Q q 0 0 0 rg BT 457.92 328.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 497.46 328.25 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.48 328.25 Td ($0.8million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.00 328.25 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 317.45 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.89 317.45 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 88.91 317.45 Td (\), ) Tj ET Q q 0 0 0 rg BT 97.30 317.45 Td (due ) Tj ET Q q 0 0 0 rg BT 115.20 317.45 Td (mainly ) Tj ET Q q 0 0 0 rg BT 144.10 317.45 Td (to ) Tj ET Q q 0 0 0 rg BT 154.49 317.45 Td (a ) Tj ET Q q 0 0 0 rg BT 162.38 317.45 Td (realized ) Tj ET Q q 0 0 0 rg BT 196.79 317.45 Td (net ) Tj ET Q q 0 0 0 rg BT 212.19 317.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 231.08 317.45 Td (on ) Tj ET Q q 0 0 0 rg BT 243.98 317.45 Td (derivative ) Tj ET Q q 0 0 0 rg BT 285.39 317.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 321.29 317.45 Td (instruments ) Tj ET Q q 0 0 0 rg BT 370.70 317.45 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.09 317.45 Td ($3.3million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.61 317.45 Td ( ) Tj ET Q q 0 0 0 rg BT 429.50 317.45 Td (related ) Tj ET Q q 0 0 0 rg BT 459.91 317.45 Td (to ) Tj ET Q q 0 0 0 rg BT 470.30 317.45 Td (the ) Tj ET Q q 0 0 0 rg BT 485.70 317.45 Td (settlement ) Tj ET Q q 0 0 0 rg BT 530.11 317.45 Td (of ) Tj ET Q q 0 0 0 rg BT 540.50 317.45 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 306.65 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 101.70 306.65 Td (Stave ) Tj ET Q q 0 0 0 rg BT 126.89 306.65 Td (River ) Tj ET Q q 0 0 0 rg BT 150.08 306.65 Td (bond ) Tj ET Q q 0 0 0 rg BT 172.28 306.65 Td (forward ) Tj ET Q q 0 0 0 rg BT 204.48 306.65 Td (contracts ) Tj ET Q q 0 0 0 rg BT 243.17 306.65 Td (concurrently ) Tj ET Q q 0 0 0 rg BT 294.38 306.65 Td (with ) Tj ET Q q 0 0 0 rg BT 312.57 306.65 Td (the ) Tj ET Q q 0 0 0 rg BT 327.26 306.65 Td (closing ) Tj ET Q q 0 0 0 rg BT 357.46 306.65 Td (of ) Tj ET Q q 0 0 0 rg BT 367.15 306.65 Td (the ) Tj ET Q q 0 0 0 rg BT 381.84 306.65 Td (long-term ) Tj ET Q q 0 0 0 rg BT 422.04 306.65 Td (financing ) Tj ET Q q 0 0 0 rg BT 460.25 306.65 Td (for ) Tj ET Q q 0 0 0 rg BT 472.93 306.65 Td (this ) Tj ET Q q 0 0 0 rg BT 489.12 306.65 Td (project; ) Tj ET Q q 0 0 0 rg BT 520.82 306.65 Td (this ) Tj ET Q q 0 0 0 rg BT 537.01 306.65 Td (loss ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 295.85 Td (results ) Tj ET Q q 0 0 0 rg BT 87.35 295.85 Td (from ) Tj ET Q q 0 0 0 rg BT 107.20 295.85 Td (the ) Tj ET Q q 0 0 0 rg BT 121.56 295.85 Td (decrease ) Tj ET Q q 0 0 0 rg BT 160.43 295.85 Td (in ) Tj ET Q q 0 0 0 rg BT 169.28 295.85 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 215.65 295.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 247.01 295.85 Td (rates ) Tj ET Q q 0 0 0 rg BT 268.87 295.85 Td (between ) Tj ET Q q 0 0 0 rg BT 304.74 295.85 Td (the ) Tj ET Q q 0 0 0 rg BT 319.10 295.85 Td (date ) Tj ET Q q 0 0 0 rg BT 338.46 295.85 Td (the ) Tj ET Q q 0 0 0 rg BT 352.82 295.85 Td (bond ) Tj ET Q q 0 0 0 rg BT 374.69 295.85 Td (forwards ) Tj ET Q q 0 0 0 rg BT 411.05 295.85 Td (were ) Tj ET Q q 0 0 0 rg BT 432.40 295.85 Td (entered ) Tj ET Q q 0 0 0 rg BT 464.77 295.85 Td (into ) Tj ET Q q 0 0 0 rg BT 481.13 295.85 Td (\(September201) Tj ET Q q 0 0 0 rg BT 545.00 295.85 Td (1\) ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 285.05 Td (and ) Tj ET Q q 0 0 0 rg BT 76.50 285.05 Td (the ) Tj ET Q q 0 0 0 rg BT 91.50 285.05 Td (settlement ) Tj ET Q q 0 0 0 rg BT 135.51 285.05 Td (date ) Tj ET Q q 0 0 0 rg BT 155.51 285.05 Td (\(June ) Tj ET Q q 0 0 0 rg BT 180.51 285.05 Td (2013\) ) Tj ET Q q 0 0 0 rg BT 206.02 285.05 Td (and ) Tj ET Q q 0 0 0 rg BT 223.52 285.05 Td (is ) Tj ET Q q 0 0 0 rg BT 232.51 285.05 Td (compensated ) Tj ET Q q 0 0 0 rg BT 289.03 285.05 Td (by ) Tj ET Q q 0 0 0 rg BT 301.02 285.05 Td (the ) Tj ET Q q 0 0 0 rg BT 316.02 285.05 Td (low ) Tj ET Q q 0 0 0 rg BT 332.01 285.05 Td (fixed ) Tj ET Q q 0 0 0 rg BT 353.51 285.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 385.51 285.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 403.50 285.05 Td (on ) Tj ET Q q 0 0 0 rg BT 416.00 285.05 Td (the ) Tj ET Q q 0 0 0 rg BT 431.00 285.05 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 474.00 285.05 Td (Stave ) Tj ET Q q 0 0 0 rg BT 499.50 285.05 Td (River ) Tj ET Q q 0 0 0 rg BT 522.99 285.05 Td (loan ) Tj ET Q q 0 0 0 rg BT 542.49 285.05 Td (for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 274.25 Td (its ) Tj ET Q q 0 0 0 rg BT 70.82 274.25 Td (40-year ) Tj ET Q q 0 0 0 rg BT 104.16 274.25 Td (term. ) Tj ET Q q 0 0 0 rg BT 127.30 274.25 Td (This ) Tj ET Q q 0 0 0 rg BT 147.13 274.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 165.95 274.25 Td (was ) Tj ET Q q 0 0 0 rg BT 184.78 274.25 Td (partly ) Tj ET Q q 0 0 0 rg BT 209.61 274.25 Td (of) Tj ET Q q 0 0 0 rg BT 216.96 274.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 234.28 274.25 Td (by ) Tj ET Q q 0 0 0 rg BT 246.61 274.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 278.95 274.25 Td (income ) Tj ET Q q 0 0 0 rg BT 310.78 274.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.11 274.25 Td ($0.7million ) Tj ET Q q 0 0 0 rg BT 369.46 274.25 Td (on ) Tj ET Q q 0 0 0 rg BT 382.29 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.63 274.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 430.46 274.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 469.30 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 487.14 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.48 274.25 Td ($25.0million ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 263.45 Td (deposit ) Tj ET Q q 0 0 0 rg BT 90.52 263.45 Td (for ) Tj ET Q q 0 0 0 rg BT 103.53 263.45 Td (the ) Tj ET Q q 0 0 0 rg BT 118.54 263.45 Td (potential ) Tj ET Q q 0 0 0 rg BT 155.06 263.45 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 200.09 263.45 Td (of ) Tj ET Q q 0 0 0 rg BT 210.10 263.45 Td (any ) Tj ET Q q 0 0 0 rg BT 227.11 263.45 Td (Hydromega ) Tj ET Q q 0 0 0 rg BT 276.13 263.45 Td (asset.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 241.85 Td (For ) Tj ET Q q 0 0 0 rg BT 75.57 241.85 Td (the ) Tj ET Q q 0 0 0 rg BT 91.15 241.85 Td (six-month ) Tj ET Q q 0 0 0 rg BT 133.24 241.85 Td (period ) Tj ET Q q 0 0 0 rg BT 161.33 241.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 189.43 241.85 Td (June ) Tj ET Q q 0 0 0 rg BT 212.01 241.85 Td (30, ) Tj ET Q q 0 0 0 rg BT 227.60 241.85 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 247.62 241.85 Td (, ) Tj ET Q q 0 0 0 rg BT 253.19 241.85 Td (other ) Tj ET Q q 0 0 0 rg BT 276.78 241.85 Td (net ) Tj ET Q q 0 0 0 rg BT 292.36 241.85 Td (expenses ) Tj ET Q q 0 0 0 rg BT 333.96 241.85 Td (totalled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.05 241.85 Td ($0.6million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 411.57 241.85 Td ( ) Tj ET Q q 0 0 0 rg BT 414.65 241.85 Td (\(other ) Tj ET Q q 0 0 0 rg BT 441.23 241.85 Td (net ) Tj ET Q q 0 0 0 rg BT 456.81 241.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 496.91 241.85 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.48 241.85 Td ($1.4million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.01 241.85 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 231.05 Td (in2012\), ) Tj ET Q q 0 0 0 rg BT 95.78 231.05 Td (due ) Tj ET Q q 0 0 0 rg BT 112.56 231.05 Td (mainly ) Tj ET Q q 0 0 0 rg BT 140.32 231.05 Td (to ) Tj ET Q q 0 0 0 rg BT 149.59 231.05 Td (the ) Tj ET Q q 0 0 0 rg BT 163.86 231.05 Td (net ) Tj ET Q q 0 0 0 rg BT 178.13 231.05 Td (realized ) Tj ET Q q 0 0 0 rg BT 211.40 231.05 Td (loss ) Tj ET Q q 0 0 0 rg BT 229.16 231.05 Td (on ) Tj ET Q q 0 0 0 rg BT 240.93 231.05 Td (derivative ) Tj ET Q q 0 0 0 rg BT 281.21 231.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 315.99 231.05 Td (instruments ) Tj ET Q q 0 0 0 rg BT 364.26 231.05 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.53 231.05 Td ($3.3million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.05 231.05 Td (, ) Tj ET Q q 0 0 0 rg BT 423.31 231.05 Td (of) Tj ET Q q 0 0 0 rg BT 430.65 231.05 Td (fset ) Tj ET Q q 0 0 0 rg BT 446.92 231.05 Td (by ) Tj ET Q q 0 0 0 rg BT 458.18 231.05 Td (a ) Tj ET Q q 0 0 0 rg BT 464.94 231.05 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 484.22 231.05 Td (million ) Tj ET Q q 0 0 0 rg BT 511.48 231.05 Td (settlement ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 69.14 220.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 97.28 220.25 Td (received ) Tj ET Q q 0 0 0 rg BT 133.94 220.25 Td (in ) Tj ET Q q 0 0 0 rg BT 143.58 220.25 Td (relation ) Tj ET Q q 0 0 0 rg BT 175.74 220.25 Td (with ) Tj ET Q q 0 0 0 rg BT 194.39 220.25 Td (an ) Tj ET Q q 0 0 0 rg BT 207.03 220.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 252.20 220.25 Td (during ) Tj ET Q q 0 0 0 rg BT 279.86 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.01 220.25 Td (first ) Tj ET Q q 0 0 0 rg BT 312.14 220.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 343.30 220.25 Td (and ) Tj ET Q q 0 0 0 rg BT 360.95 220.25 Td (by ) Tj ET Q q 0 0 0 rg BT 373.10 220.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 405.25 220.25 Td (income ) Tj ET Q q 0 0 0 rg BT 436.90 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.04 220.25 Td ($1.3million ) Tj ET Q q 0 0 0 rg BT 495.21 220.25 Td (on ) Tj ET Q q 0 0 0 rg BT 507.85 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.00 220.25 Td (reserve ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 209.45 Td (accounts ) Tj ET Q q 0 0 0 rg BT 97.52 209.45 Td (and ) Tj ET Q q 0 0 0 rg BT 115.04 209.45 Td (the ) Tj ET Q q 0 0 0 rg BT 130.05 209.45 Td ($25.0million ) Tj ET Q q 0 0 0 rg BT 183.08 209.45 Td (deposit ) Tj ET Q q 0 0 0 rg BT 214.60 209.45 Td (for ) Tj ET Q q 0 0 0 rg BT 227.60 209.45 Td (the ) Tj ET Q q 0 0 0 rg BT 242.62 209.45 Td (potential ) Tj ET Q q 0 0 0 rg BT 279.14 209.45 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 324.17 209.45 Td (of ) Tj ET Q q 0 0 0 rg BT 334.18 209.45 Td (any ) Tj ET Q q 0 0 0 rg BT 351.19 209.45 Td (Hydromega ) Tj ET Q q 0 0 0 rg BT 400.21 209.45 Td (asset.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 187.85 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 116.01 187.85 Td (and ) Tj ET Q q 0 0 0 rg BT 134.18 187.85 Td (Amortization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 166.25 Td (For ) Tj ET Q q 0 0 0 rg BT 75.85 166.25 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 91.71 166.25 Td (three- ) Tj ET Q q 0 0 0 rg BT 118.56 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 136.93 166.25 Td (six-month ) Tj ET Q q 0 0 0 rg BT 179.29 166.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 212.15 166.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 240.53 166.25 Td (June ) Tj ET Q q 0 0 0 rg BT 263.39 166.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 279.25 166.25 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 299.27 166.25 Td (, ) Tj ET Q q 0 0 0 rg BT 305.12 166.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 357.50 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 375.86 166.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 428.23 166.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 470.11 166.25 Td (totalled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.48 166.25 Td ($17.5million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.01 166.25 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 155.45 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 155.45 Td ($15.6million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 112.53 155.45 Td ( ) Tj ET Q q 0 0 0 rg BT 114.97 155.45 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 124.42 155.45 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 144.44 155.45 Td (\). ) Tj ET Q q 0 0 0 rg BT 152.22 155.45 Td (This ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 171.66 155.45 Td (increase) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 205.68 155.45 Td ( ) Tj ET Q q 0 0 0 rg BT 208.13 155.45 Td (is ) Tj ET Q q 0 0 0 rg BT 217.07 155.45 Td (attributable ) Tj ET Q q 0 0 0 rg BT 264.04 155.45 Td (mainly ) Tj ET Q q 0 0 0 rg BT 292.49 155.45 Td (to ) Tj ET Q q 0 0 0 rg BT 302.44 155.45 Td (the ) Tj ET Q q 0 0 0 rg BT 317.39 155.45 Td (larger ) Tj ET Q q 0 0 0 rg BT 342.85 155.45 Td (asset ) Tj ET Q q 0 0 0 rg BT 366.80 155.45 Td (base ) Tj ET Q q 0 0 0 rg BT 388.76 155.45 Td (resulting ) Tj ET Q q 0 0 0 rg BT 425.22 155.45 Td (from ) Tj ET Q q 0 0 0 rg BT 445.66 155.45 Td (the ) Tj ET Q q 0 0 0 rg BT 460.62 155.45 Td (addition ) Tj ET Q q 0 0 0 rg BT 494.59 155.45 Td (of ) Tj ET Q q 0 0 0 rg BT 504.53 155.45 Td (the ) Tj ET Q q 0 0 0 rg BT 519.49 155.45 Td (Stardale ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 144.65 Td (solar ) Tj ET Q q 0 0 0 rg BT 81.15 144.65 Td (farm, ) Tj ET Q q 0 0 0 rg BT 104.30 144.65 Td (additional ) Tj ET Q q 0 0 0 rg BT 145.48 144.65 Td (turbines ) Tj ET Q q 0 0 0 rg BT 180.14 144.65 Td (installed ) Tj ET Q q 0 0 0 rg BT 215.81 144.65 Td (at ) Tj ET Q q 0 0 0 rg BT 225.96 144.65 Td (the ) Tj ET Q q 0 0 0 rg BT 241.12 144.65 Td (Gros-Morne ) Tj ET Q q 0 0 0 rg BT 291.77 144.65 Td (wind ) Tj ET Q q 0 0 0 rg BT 312.93 144.65 Td (farm ) Tj ET Q q 0 0 0 rg BT 333.58 144.65 Td (and ) Tj ET Q q 0 0 0 rg BT 351.24 144.65 Td (the ) Tj ET Q q 0 0 0 rg BT 366.39 144.65 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 411.57 144.65 Td (of ) Tj ET Q q 0 0 0 rg BT 421.72 144.65 Td (the ) Tj ET Q q 0 0 0 rg BT 436.88 144.65 Td (Brown ) Tj ET Q q 0 0 0 rg BT 465.03 144.65 Td (Lake ) Tj ET Q q 0 0 0 rg BT 487.19 144.65 Td (and ) Tj ET Q q 0 0 0 rg BT 504.86 144.65 Td (Miller ) Tj ET Q q 0 0 0 rg BT 529.00 144.65 Td (Creek ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 133.85 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 112.52 133.85 Td (facilities. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 112.25 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 104.53 112.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 146.04 112.25 Td (Instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 90.65 Td (The ) Tj ET Q q 0 0 0 rg BT 77.63 90.65 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 127.77 90.65 Td (uses ) Tj ET Q q 0 0 0 rg BT 149.90 90.65 Td (derivative ) Tj ET Q q 0 0 0 rg BT 191.54 90.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 227.68 90.65 Td (instruments ) Tj ET Q q 0 0 0 rg BT 277.32 90.65 Td (to ) Tj ET Q q 0 0 0 rg BT 287.94 90.65 Td (manage ) Tj ET Q q 0 0 0 rg BT 323.59 90.65 Td (its ) Tj ET Q q 0 0 0 rg BT 335.71 90.65 Td (exposure ) Tj ET Q q 0 0 0 rg BT 375.85 90.65 Td (to ) Tj ET Q q 0 0 0 rg BT 386.48 90.65 Td (the ) Tj ET Q q 0 0 0 rg BT 402.11 90.65 Td (risk ) Tj ET Q q 0 0 0 rg BT 419.22 90.65 Td (of ) Tj ET Q q 0 0 0 rg BT 429.85 90.65 Td (rising ) Tj ET Q q 0 0 0 rg BT 454.47 90.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 487.11 90.65 Td (rates ) Tj ET Q q 0 0 0 rg BT 510.24 90.65 Td (on ) Tj ET Q q 0 0 0 rg BT 523.37 90.65 Td (its ) Tj ET Q q 0 0 0 rg BT 535.49 90.65 Td (debt ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 79.85 Td (financing ) Tj ET Q q 0 0 0 rg BT 96.51 79.85 Td (\(Derivatives\), ) Tj ET Q q 0 0 0 rg BT 157.00 79.85 Td (thereby ) Tj ET Q q 0 0 0 rg BT 188.50 79.85 Td (protecting ) Tj ET Q q 0 0 0 rg BT 229.51 79.85 Td (the ) Tj ET Q q 0 0 0 rg BT 243.51 79.85 Td (economic ) Tj ET Q q 0 0 0 rg BT 283.51 79.85 Td (value ) Tj ET Q q 0 0 0 rg BT 306.51 79.85 Td (of ) Tj ET Q q 0 0 0 rg BT 315.50 79.85 Td (its ) Tj ET Q q 0 0 0 rg BT 325.99 79.85 Td (projects. ) Tj ET Q q 0 0 0 rg BT 361.48 79.85 Td (Innergex ) Tj ET Q q 0 0 0 rg BT 397.99 79.85 Td (also ) Tj ET Q q 0 0 0 rg BT 415.99 79.85 Td (has ) Tj ET Q q 0 0 0 rg BT 431.98 79.85 Td (derivative ) Tj ET Q q 0 0 0 rg BT 471.99 79.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 506.49 79.85 Td (instruments ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 69.05 Td (embedded ) Tj ET Q q 0 0 0 rg BT 104.51 69.05 Td (in ) Tj ET Q q 0 0 0 rg BT 114.50 69.05 Td (some ) Tj ET Q q 0 0 0 rg BT 139.48 69.05 Td (of ) Tj ET Q q 0 0 0 rg BT 149.97 69.05 Td (its ) Tj ET Q q 0 0 0 rg BT 161.94 69.05 Td (PP) Tj ET Q q 0 0 0 rg BT 173.28 69.05 Td (As. ) Tj ET Q q 0 0 0 rg BT 189.07 69.05 Td (The ) Tj ET Q q 0 0 0 rg BT 207.56 69.05 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 257.56 69.05 Td (does ) Tj ET Q q 0 0 0 rg BT 280.05 69.05 Td (not ) Tj ET Q q 0 0 0 rg BT 295.54 69.05 Td (use ) Tj ET Q q 0 0 0 rg BT 313.03 69.05 Td (hedge ) Tj ET Q q 0 0 0 rg BT 341.04 69.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 387.55 69.05 Td (for ) Tj ET Q q 0 0 0 rg BT 401.03 69.05 Td (its ) Tj ET Q q 0 0 0 rg BT 413.01 69.05 Td (derivative ) Tj ET Q q 0 0 0 rg BT 454.50 69.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 490.50 69.05 Td (instruments ) Tj ET Q q 0 0 0 rg BT 539.99 69.05 Td (nor ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 58.25 Td (does ) Tj ET Q q 0 0 0 rg BT 81.02 58.25 Td (it ) Tj ET Q q 0 0 0 rg BT 88.02 58.25 Td (own ) Tj ET Q q 0 0 0 rg BT 107.03 58.25 Td (or ) Tj ET Q q 0 0 0 rg BT 117.53 58.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 141.04 58.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 176.56 58.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 225.58 58.25 Td (for ) Tj ET Q q 0 0 0 rg BT 238.58 58.25 Td (speculative ) Tj ET Q q 0 0 0 rg BT 286.11 58.25 Td (purposes.) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 684.65 Td (Since ) Tj ET Q q 0 0 0 rg BT 83.38 684.65 Td (several ) Tj ET Q q 0 0 0 rg BT 114.25 684.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 145.63 684.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 163.00 684.65 Td (swaps ) Tj ET Q q 0 0 0 rg BT 190.37 684.65 Td (are ) Tj ET Q q 0 0 0 rg BT 205.24 684.65 Td (entered ) Tj ET Q q 0 0 0 rg BT 237.62 684.65 Td (into ) Tj ET Q q 0 0 0 rg BT 254.00 684.65 Td (for ) Tj ET Q q 0 0 0 rg BT 266.36 684.65 Td (a ) Tj ET Q q 0 0 0 rg BT 273.23 684.65 Td (term ) Tj ET Q q 0 0 0 rg BT 293.09 684.65 Td (equal ) Tj ET Q q 0 0 0 rg BT 316.97 684.65 Td (in ) Tj ET Q q 0 0 0 rg BT 325.84 684.65 Td (length ) Tj ET Q q 0 0 0 rg BT 352.22 684.65 Td (to ) Tj ET Q q 0 0 0 rg BT 361.59 684.65 Td (the ) Tj ET Q q 0 0 0 rg BT 375.96 684.65 Td (underlying ) Tj ET Q q 0 0 0 rg BT 419.35 684.65 Td (debt ) Tj ET Q q 0 0 0 rg BT 438.73 684.65 Td (amortization ) Tj ET Q q 0 0 0 rg BT 489.61 684.65 Td (schedule, ) Tj ET Q q 0 0 0 rg BT 530.00 684.65 Td (which ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 673.85 Td (can ) Tj ET Q q 0 0 0 rg BT 75.84 673.85 Td (reach ) Tj ET Q q 0 0 0 rg BT 100.68 673.85 Td (30years, ) Tj ET Q q 0 0 0 rg BT 140.03 673.85 Td (a ) Tj ET Q q 0 0 0 rg BT 147.36 673.85 Td (Derivative's ) Tj ET Q q 0 0 0 rg BT 195.92 673.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 210.75 673.85 Td (market ) Tj ET Q q 0 0 0 rg BT 240.58 673.85 Td (value ) Tj ET Q q 0 0 0 rg BT 264.43 673.85 Td (can ) Tj ET Q q 0 0 0 rg BT 281.27 673.85 Td (be ) Tj ET Q q 0 0 0 rg BT 293.61 673.85 Td (very ) Tj ET Q q 0 0 0 rg BT 312.94 673.85 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 350.28 673.85 Td (to ) Tj ET Q q 0 0 0 rg BT 360.11 673.85 Td (quarter-to-quarter ) Tj ET Q q 0 0 0 rg BT 432.97 673.85 Td (variations ) Tj ET Q q 0 0 0 rg BT 473.82 673.85 Td (in ) Tj ET Q q 0 0 0 rg BT 483.15 673.85 Td (long-term ) Tj ET Q q 0 0 0 rg BT 523.49 673.85 Td (interest ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 663.05 Td (rates. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 641.45 Td (For ) Tj ET Q q 0 0 0 rg BT 75.65 641.45 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 91.31 641.45 Td (three- ) Tj ET Q q 0 0 0 rg BT 117.97 641.45 Td (and ) Tj ET Q q 0 0 0 rg BT 136.14 641.45 Td (six-month ) Tj ET Q q 0 0 0 rg BT 178.30 641.45 Td (periods ) Tj ET Q q 0 0 0 rg BT 210.97 641.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 239.14 641.45 Td (June ) Tj ET Q q 0 0 0 rg BT 261.81 641.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 277.47 641.45 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 297.49 641.45 Td (, ) Tj ET Q q 0 0 0 rg BT 303.14 641.45 Td (the ) Tj ET Q q 0 0 0 rg BT 318.80 641.45 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 368.98 641.45 Td (recorded ) Tj ET Q q 0 0 0 rg BT 407.65 641.45 Td (an ) Tj ET Q q 0 0 0 rg BT 420.81 641.45 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 465.49 641.45 Td (net ) Tj ET Q q 0 0 0 rg BT 481.15 641.45 Td (gain ) Tj ET Q q 0 0 0 rg BT 501.31 641.45 Td (on ) Tj ET Q q 0 0 0 rg BT 514.48 641.45 Td (derivative ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 630.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 95.05 630.65 Td (instruments ) Tj ET Q q 0 0 0 rg BT 144.60 630.65 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 155.13 630.65 Td ($27.3million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 205.66 630.65 Td ( ) Tj ET Q q 0 0 0 rg BT 208.69 630.65 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.73 630.65 Td ($31.2million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 277.26 630.65 Td ( ) Tj ET Q q 0 0 0 rg BT 280.29 630.65 Td (respectively) Tj ET Q q 0 0 0 rg BT 327.14 630.65 Td (, ) Tj ET Q q 0 0 0 rg BT 332.67 630.65 Td (due ) Tj ET Q q 0 0 0 rg BT 350.72 630.65 Td (mainly ) Tj ET Q q 0 0 0 rg BT 379.75 630.65 Td (to ) Tj ET Q q 0 0 0 rg BT 390.29 630.65 Td (the ) Tj ET Q q 0 0 0 rg BT 405.83 630.65 Td (increase ) Tj ET Q q 0 0 0 rg BT 442.88 630.65 Td (in ) Tj ET Q q 0 0 0 rg BT 452.91 630.65 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 500.46 630.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 533.00 630.65 Td (rates ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 619.85 Td (since ) Tj ET Q q 0 0 0 rg BT 82.15 619.85 Td (the ) Tj ET Q q 0 0 0 rg BT 96.80 619.85 Td (end ) Tj ET Q q 0 0 0 rg BT 113.96 619.85 Td (of ) Tj ET Q q 0 0 0 rg BT 123.61 619.85 Td (2012. ) Tj ET Q q 0 0 0 rg BT 148.27 619.85 Td (For ) Tj ET Q q 0 0 0 rg BT 163.92 619.85 Td (the ) Tj ET Q q 0 0 0 rg BT 178.57 619.85 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 237.75 619.85 Td (periods ) Tj ET Q q 0 0 0 rg BT 269.41 619.85 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 279.05 619.85 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 299.07 619.85 Td (, ) Tj ET Q q 0 0 0 rg BT 303.72 619.85 Td (Innergex ) Tj ET Q q 0 0 0 rg BT 340.88 619.85 Td (recorded ) Tj ET Q q 0 0 0 rg BT 378.55 619.85 Td (an ) Tj ET Q q 0 0 0 rg BT 390.70 619.85 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 434.37 619.85 Td (net ) Tj ET Q q 0 0 0 rg BT 449.02 619.85 Td (loss ) Tj ET Q q 0 0 0 rg BT 467.17 619.85 Td (on ) Tj ET Q q 0 0 0 rg BT 479.32 619.85 Td (derivative ) Tj ET Q q 0 0 0 rg BT 519.98 619.85 Td (financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 609.05 Td (instruments ) Tj ET Q q 0 0 0 rg BT 108.45 609.05 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 118.88 609.05 Td ($27.1million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 169.41 609.05 Td ( ) Tj ET Q q 0 0 0 rg BT 172.34 609.05 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 190.28 609.05 Td ($7.0million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 235.81 609.05 Td ( ) Tj ET Q q 0 0 0 rg BT 238.74 609.05 Td (respectively) Tj ET Q q 0 0 0 rg BT 285.59 609.05 Td (, ) Tj ET Q q 0 0 0 rg BT 291.02 609.05 Td (due ) Tj ET Q q 0 0 0 rg BT 308.96 609.05 Td (to ) Tj ET Q q 0 0 0 rg BT 319.40 609.05 Td (the ) Tj ET Q q 0 0 0 rg BT 334.84 609.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 374.79 609.05 Td (in ) Tj ET Q q 0 0 0 rg BT 384.72 609.05 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 432.17 609.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 464.62 609.05 Td (rates ) Tj ET Q q 0 0 0 rg BT 487.55 609.05 Td (since ) Tj ET Q q 0 0 0 rg BT 511.49 609.05 Td (December ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 598.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 74.01 598.25 Td (201) Tj ET Q q 0 0 0 rg BT 88.36 598.25 Td (1. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 576.65 Td (During ) Tj ET Q q 0 0 0 rg BT 87.97 576.65 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 102.93 576.65 Td (second) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 131.96 576.65 Td ( ) Tj ET Q q 0 0 0 rg BT 134.41 576.65 Td (quarter ) Tj ET Q q 0 0 0 rg BT 165.38 576.65 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 175.34 576.65 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 195.36 576.65 Td (, ) Tj ET Q q 0 0 0 rg BT 200.32 576.65 Td (the ) Tj ET Q q 0 0 0 rg BT 215.29 576.65 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 264.77 576.65 Td (settled ) Tj ET Q q 0 0 0 rg BT 293.74 576.65 Td (the ) Tj ET Q q 0 0 0 rg BT 308.70 576.65 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 351.67 576.65 Td (Stave ) Tj ET Q q 0 0 0 rg BT 377.14 576.65 Td (River ) Tj ET Q q 0 0 0 rg BT 400.60 576.65 Td (bond ) Tj ET Q q 0 0 0 rg BT 423.08 576.65 Td (forwards ) Tj ET Q q 0 0 0 rg BT 460.04 576.65 Td (simultaneously ) Tj ET Q q 0 0 0 rg BT 522.02 576.65 Td (with ) Tj ET Q q 0 0 0 rg BT 540.48 576.65 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 565.85 Td (closing ) Tj ET Q q 0 0 0 rg BT 90.03 565.85 Td (of ) Tj ET Q q 0 0 0 rg BT 100.55 565.85 Td (the ) Tj ET Q q 0 0 0 rg BT 116.07 565.85 Td (fixed-rate ) Tj ET Q q 0 0 0 rg BT 156.60 565.85 Td (long-term ) Tj ET Q q 0 0 0 rg BT 197.63 565.85 Td (financing ) Tj ET Q q 0 0 0 rg BT 236.67 565.85 Td (for ) Tj ET Q q 0 0 0 rg BT 250.18 565.85 Td (this ) Tj ET Q q 0 0 0 rg BT 267.20 565.85 Td (project, ) Tj ET Q q 0 0 0 rg BT 299.73 565.85 Td (which ) Tj ET Q q 0 0 0 rg BT 325.75 565.85 Td (has ) Tj ET Q q 0 0 0 rg BT 343.27 565.85 Td (resulted ) Tj ET Q q 0 0 0 rg BT 378.31 565.85 Td (in ) Tj ET Q q 0 0 0 rg BT 388.32 565.85 Td (a ) Tj ET Q q 0 0 0 rg BT 396.34 565.85 Td (realized ) Tj ET Q q 0 0 0 rg BT 430.87 565.85 Td (net ) Tj ET Q q 0 0 0 rg BT 446.40 565.85 Td (loss ) Tj ET Q q 0 0 0 rg BT 465.42 565.85 Td (on ) Tj ET Q q 0 0 0 rg BT 478.44 565.85 Td (derivative ) Tj ET Q q 0 0 0 rg BT 519.97 565.85 Td (financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 555.05 Td (instruments ) Tj ET Q q 0 0 0 rg BT 107.50 555.05 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 116.99 555.05 Td ($3.3million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 162.52 555.05 Td (; ) Tj ET Q q 0 0 0 rg BT 167.00 555.05 Td (this ) Tj ET Q q 0 0 0 rg BT 183.00 555.05 Td (loss ) Tj ET Q q 0 0 0 rg BT 200.99 555.05 Td (results ) Tj ET Q q 0 0 0 rg BT 229.48 555.05 Td (from ) Tj ET Q q 0 0 0 rg BT 249.47 555.05 Td (the ) Tj ET Q q 0 0 0 rg BT 263.97 555.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 302.98 555.05 Td (in ) Tj ET Q q 0 0 0 rg BT 311.97 555.05 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 358.47 555.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 389.97 555.05 Td (rates ) Tj ET Q q 0 0 0 rg BT 411.97 555.05 Td (between ) Tj ET Q q 0 0 0 rg BT 447.98 555.05 Td (the ) Tj ET Q q 0 0 0 rg BT 462.48 555.05 Td (date ) Tj ET Q q 0 0 0 rg BT 481.98 555.05 Td (the ) Tj ET Q q 0 0 0 rg BT 496.48 555.05 Td (bond ) Tj ET Q q 0 0 0 rg BT 518.49 555.05 Td (forwards ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 544.25 Td (were ) Tj ET Q q 0 0 0 rg BT 81.31 544.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 114.63 544.25 Td (into ) Tj ET Q q 0 0 0 rg BT 131.94 544.25 Td (\(September201) Tj ET Q q 0 0 0 rg BT 195.81 544.25 Td (1\) ) Tj ET Q q 0 0 0 rg BT 206.61 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 224.43 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 239.74 544.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 284.06 544.25 Td (date ) Tj ET Q q 0 0 0 rg BT 304.38 544.25 Td (\(June ) Tj ET Q q 0 0 0 rg BT 329.69 544.25 Td (2013\) ) Tj ET Q q 0 0 0 rg BT 355.51 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 373.32 544.25 Td (is ) Tj ET Q q 0 0 0 rg BT 382.62 544.25 Td (compensated ) Tj ET Q q 0 0 0 rg BT 439.46 544.25 Td (by ) Tj ET Q q 0 0 0 rg BT 451.76 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 467.07 544.25 Td (low ) Tj ET Q q 0 0 0 rg BT 483.38 544.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 505.19 544.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 537.50 544.25 Td (rate ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 533.45 Td (on ) Tj ET Q q 0 0 0 rg BT 71.51 533.45 Td (the ) Tj ET Q q 0 0 0 rg BT 86.52 533.45 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 129.54 533.45 Td (Stave ) Tj ET Q q 0 0 0 rg BT 155.05 533.45 Td (River ) Tj ET Q q 0 0 0 rg BT 178.55 533.45 Td (loan ) Tj ET Q q 0 0 0 rg BT 198.07 533.45 Td (for ) Tj ET Q q 0 0 0 rg BT 211.07 533.45 Td (its ) Tj ET Q q 0 0 0 rg BT 222.57 533.45 Td (40-year ) Tj ET Q q 0 0 0 rg BT 255.59 533.45 Td (term.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 511.85 Td (On ) Tj ET Q q 0 0 0 rg BT 73.23 511.85 Td (August ) Tj ET Q q 0 0 0 rg BT 104.02 511.85 Td (7, ) Tj ET Q q 0 0 0 rg BT 114.30 511.85 Td (2013, ) Tj ET Q q 0 0 0 rg BT 139.59 511.85 Td (V) Tj ET Q q 0 0 0 rg BT 145.43 511.85 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 210.73 511.85 Td (L.P) Tj ET Q q 0 0 0 rg BT 223.08 511.85 Td (. ) Tj ET Q q 0 0 0 rg BT 228.35 511.85 Td (settled ) Tj ET Q q 0 0 0 rg BT 257.64 511.85 Td (the ) Tj ET Q q 0 0 0 rg BT 272.92 511.85 Td (bond ) Tj ET Q q 0 0 0 rg BT 295.71 511.85 Td (forward ) Tj ET Q q 0 0 0 rg BT 328.50 511.85 Td (contracts ) Tj ET Q q 0 0 0 rg BT 367.78 511.85 Td (simultaneously ) Tj ET Q q 0 0 0 rg BT 430.08 511.85 Td (with ) Tj ET Q q 0 0 0 rg BT 448.86 511.85 Td (the ) Tj ET Q q 0 0 0 rg BT 464.14 511.85 Td (closing ) Tj ET Q q 0 0 0 rg BT 494.93 511.85 Td (of ) Tj ET Q q 0 0 0 rg BT 505.21 511.85 Td (the ) Tj ET Q q 0 0 0 rg BT 520.49 511.85 Td (interest-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 501.05 Td (swapped ) Tj ET Q q 0 0 0 rg BT 97.12 501.05 Td (long-term ) Tj ET Q q 0 0 0 rg BT 137.22 501.05 Td (financing ) Tj ET Q q 0 0 0 rg BT 175.34 501.05 Td (for ) Tj ET Q q 0 0 0 rg BT 187.94 501.05 Td (the ) Tj ET Q q 0 0 0 rg BT 202.54 501.05 Td (project, ) Tj ET Q q 0 0 0 rg BT 234.15 501.05 Td (which ) Tj ET Q q 0 0 0 rg BT 259.25 501.05 Td (will ) Tj ET Q q 0 0 0 rg BT 273.84 501.05 Td (result ) Tj ET Q q 0 0 0 rg BT 297.94 501.05 Td (in ) Tj ET Q q 0 0 0 rg BT 307.04 501.05 Td (V) Tj ET Q q 0 0 0 rg BT 312.88 501.05 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 377.50 501.05 Td (L.P) Tj ET Q q 0 0 0 rg BT 389.85 501.05 Td (. ) Tj ET Q q 0 0 0 rg BT 394.45 501.05 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 442.57 501.05 Td (a ) Tj ET Q q 0 0 0 rg BT 449.67 501.05 Td (realized ) Tj ET Q q 0 0 0 rg BT 483.28 501.05 Td (gain ) Tj ET Q q 0 0 0 rg BT 502.38 501.05 Td (on ) Tj ET Q q 0 0 0 rg BT 514.49 501.05 Td (derivative ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 490.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 94.96 490.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 144.41 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.86 490.25 Td ($2.2million ) Tj ET Q q 0 0 0 rg BT 203.32 490.25 Td (during ) Tj ET Q q 0 0 0 rg BT 231.28 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.73 490.25 Td (third ) Tj ET Q q 0 0 0 rg BT 267.18 490.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 295.19 490.25 Td (. ) Tj ET Q q 0 0 0 rg BT 300.44 490.25 Td (This ) Tj ET Q q 0 0 0 rg BT 320.38 490.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 340.34 490.25 Td (results ) Tj ET Q q 0 0 0 rg BT 369.79 490.25 Td (from ) Tj ET Q q 0 0 0 rg BT 390.72 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.17 490.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 443.13 490.25 Td (in ) Tj ET Q q 0 0 0 rg BT 453.08 490.25 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 500.54 490.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 532.99 490.25 Td (rates ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 479.45 Td (between ) Tj ET Q q 0 0 0 rg BT 97.45 479.45 Td (the ) Tj ET Q q 0 0 0 rg BT 114.39 479.45 Td (date ) Tj ET Q q 0 0 0 rg BT 136.33 479.45 Td (the ) Tj ET Q q 0 0 0 rg BT 153.26 479.45 Td (bond ) Tj ET Q q 0 0 0 rg BT 177.71 479.45 Td (forwards ) Tj ET Q q 0 0 0 rg BT 216.64 479.45 Td (were ) Tj ET Q q 0 0 0 rg BT 240.58 479.45 Td (entered ) Tj ET Q q 0 0 0 rg BT 275.52 479.45 Td (into ) Tj ET Q q 0 0 0 rg BT 294.46 479.45 Td (\(December ) Tj ET Q q 0 0 0 rg BT 343.40 479.45 Td (2012\) ) Tj ET Q q 0 0 0 rg BT 370.84 479.45 Td (and ) Tj ET Q q 0 0 0 rg BT 390.28 479.45 Td (the ) Tj ET Q q 0 0 0 rg BT 407.21 479.45 Td (settlement ) Tj ET Q q 0 0 0 rg BT 453.16 479.45 Td (date ) Tj ET Q q 0 0 0 rg BT 475.10 479.45 Td (\(August ) Tj ET Q q 0 0 0 rg BT 510.54 479.45 Td (2013\) ) Tj ET Q q 0 0 0 rg BT 537.98 479.45 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 468.65 Td (compensates ) Tj ET Q q 0 0 0 rg BT 114.38 468.65 Td (for ) Tj ET Q q 0 0 0 rg BT 126.74 468.65 Td (the ) Tj ET Q q 0 0 0 rg BT 141.10 468.65 Td (higher ) Tj ET Q q 0 0 0 rg BT 167.98 468.65 Td (fixed ) Tj ET Q q 0 0 0 rg BT 188.84 468.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 220.21 468.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 237.57 468.65 Td (on ) Tj ET Q q 0 0 0 rg BT 249.43 468.65 Td (the ) Tj ET Q q 0 0 0 rg BT 263.80 468.65 Td (V) Tj ET Q q 0 0 0 rg BT 269.64 468.65 Td (iger-Denonville ) Tj ET Q q 0 0 0 rg BT 331.52 468.65 Td (loan ) Tj ET Q q 0 0 0 rg BT 350.39 468.65 Td (for ) Tj ET Q q 0 0 0 rg BT 362.75 468.65 Td (its ) Tj ET Q q 0 0 0 rg BT 373.60 468.65 Td (18-year ) Tj ET Q q 0 0 0 rg BT 405.97 468.65 Td (term. ) Tj ET Q q 0 0 0 rg BT 428.32 468.65 Td (Please ) Tj ET Q q 0 0 0 rg BT 457.70 468.65 Td (refer ) Tj ET Q q 0 0 0 rg BT 478.05 468.65 Td (to ) Tj ET Q q 0 0 0 rg BT 487.41 468.65 Td (the ) Tj ET Q q 0 0 0 rg BT 501.78 468.65 Td ("Subsequent ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 457.85 Td (Events" ) Tj ET Q q 0 0 0 rg BT 92.21 457.85 Td (section ) Tj ET Q q 0 0 0 rg BT 123.23 457.85 Td (for ) Tj ET Q q 0 0 0 rg BT 136.23 457.85 Td (more ) Tj ET Q q 0 0 0 rg BT 159.23 457.85 Td (information.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 436.25 Td (As ) Tj ET Q q 0 0 0 rg BT 71.46 436.25 Td (at ) Tj ET Q q 0 0 0 rg BT 80.93 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 95.41 436.25 Td (date ) Tj ET Q q 0 0 0 rg BT 114.88 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 124.35 436.25 Td (this ) Tj ET Q q 0 0 0 rg BT 140.32 436.25 Td (MD&A, ) Tj ET Q q 0 0 0 rg BT 170.78 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.26 436.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 234.25 436.25 Td (has ) Tj ET Q q 0 0 0 rg BT 250.72 436.25 Td (no ) Tj ET Q q 0 0 0 rg BT 262.69 436.25 Td (other ) Tj ET Q q 0 0 0 rg BT 285.17 436.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 325.65 436.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 360.63 436.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 409.11 436.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 457.61 436.25 Td (which ) Tj ET Q q 0 0 0 rg BT 482.58 436.25 Td (it ) Tj ET Q q 0 0 0 rg BT 489.04 436.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 522.02 436.25 Td (to ) Tj ET Q q 0 0 0 rg BT 531.49 436.25 Td (settle ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 425.45 Td (simultaneously ) Tj ET Q q 0 0 0 rg BT 120.79 425.45 Td (with ) Tj ET Q q 0 0 0 rg BT 139.06 425.45 Td (the ) Tj ET Q q 0 0 0 rg BT 153.83 425.45 Td (closing ) Tj ET Q q 0 0 0 rg BT 184.11 425.45 Td (of ) Tj ET Q q 0 0 0 rg BT 193.88 425.45 Td (a ) Tj ET Q q 0 0 0 rg BT 201.14 425.45 Td (long-term ) Tj ET Q q 0 0 0 rg BT 241.42 425.45 Td (project ) Tj ET Q q 0 0 0 rg BT 270.69 425.45 Td (financing, ) Tj ET Q q 0 0 0 rg BT 311.48 425.45 Td (and ) Tj ET Q q 0 0 0 rg BT 328.76 425.45 Td (which ) Tj ET Q q 0 0 0 rg BT 354.03 425.45 Td (would ) Tj ET Q q 0 0 0 rg BT 379.81 425.45 Td (result ) Tj ET Q q 0 0 0 rg BT 404.08 425.45 Td (in ) Tj ET Q q 0 0 0 rg BT 413.35 425.45 Td (a ) Tj ET Q q 0 0 0 rg BT 420.62 425.45 Td (realized ) Tj ET Q q 0 0 0 rg BT 454.40 425.45 Td (gain ) Tj ET Q q 0 0 0 rg BT 473.67 425.45 Td (or ) Tj ET Q q 0 0 0 rg BT 483.94 425.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 502.21 425.45 Td (on ) Tj ET Q q 0 0 0 rg BT 514.48 425.45 Td (derivative ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 414.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 94.38 414.65 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 145.76 414.65 Td (However) Tj ET Q q 0 0 0 rg BT 180.77 414.65 Td (, ) Tj ET Q q 0 0 0 rg BT 185.63 414.65 Td (in ) Tj ET Q q 0 0 0 rg BT 195.00 414.65 Td (the ) Tj ET Q q 0 0 0 rg BT 209.87 414.65 Td (coming ) Tj ET Q q 0 0 0 rg BT 241.24 414.65 Td (months ) Tj ET Q q 0 0 0 rg BT 273.11 414.65 Td (the ) Tj ET Q q 0 0 0 rg BT 287.99 414.65 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 337.37 414.65 Td (expects ) Tj ET Q q 0 0 0 rg BT 370.75 414.65 Td (to ) Tj ET Q q 0 0 0 rg BT 380.61 414.65 Td (enter ) Tj ET Q q 0 0 0 rg BT 403.49 414.65 Td (into ) Tj ET Q q 0 0 0 rg BT 420.36 414.65 Td (derivative ) Tj ET Q q 0 0 0 rg BT 461.24 414.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 496.62 414.65 Td (instruments ) Tj ET Q q 0 0 0 rg BT 545.49 414.65 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 403.85 Td (fix ) Tj ET Q q 0 0 0 rg BT 70.75 403.85 Td (the ) Tj ET Q q 0 0 0 rg BT 86.02 403.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 118.28 403.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 136.54 403.85 Td (on ) Tj ET Q q 0 0 0 rg BT 149.30 403.85 Td (future ) Tj ET Q q 0 0 0 rg BT 175.07 403.85 Td (project-level ) Tj ET Q q 0 0 0 rg BT 226.34 403.85 Td (debt ) Tj ET Q q 0 0 0 rg BT 246.61 403.85 Td (for ) Tj ET Q q 0 0 0 rg BT 259.87 403.85 Td (the ) Tj ET Q q 0 0 0 rg BT 275.13 403.85 Td (Upper ) Tj ET Q q 0 0 0 rg BT 302.39 403.85 Td (Lillooet, ) Tj ET Q q 0 0 0 rg BT 336.17 403.85 Td (Boulder ) Tj ET Q q 0 0 0 rg BT 369.94 403.85 Td (Creek, ) Tj ET Q q 0 0 0 rg BT 399.02 403.85 Td (T) Tj ET Q q 0 0 0 rg BT 404.18 403.85 Td (retheway ) Tj ET Q q 0 0 0 rg BT 443.45 403.85 Td (Creek ) Tj ET Q q 0 0 0 rg BT 470.21 403.85 Td (and ) Tj ET Q q 0 0 0 rg BT 487.98 403.85 Td (Big ) Tj ET Q q 0 0 0 rg BT 503.74 403.85 Td (Silver ) Tj ET Q q 0 0 0 rg BT 529.00 403.85 Td (Creek ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 393.05 Td (projects; ) Tj ET Q q 0 0 0 rg BT 94.29 393.05 Td (upon ) Tj ET Q q 0 0 0 rg BT 115.59 393.05 Td (the ) Tj ET Q q 0 0 0 rg BT 129.38 393.05 Td (closing ) Tj ET Q q 0 0 0 rg BT 158.67 393.05 Td (of ) Tj ET Q q 0 0 0 rg BT 167.46 393.05 Td (each ) Tj ET Q q 0 0 0 rg BT 188.25 393.05 Td (fixed-rate ) Tj ET Q q 0 0 0 rg BT 227.05 393.05 Td (or ) Tj ET Q q 0 0 0 rg BT 236.33 393.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 267.12 393.05 Td (swapped ) Tj ET Q q 0 0 0 rg BT 304.43 393.05 Td (long-term ) Tj ET Q q 0 0 0 rg BT 343.72 393.05 Td (financing, ) Tj ET Q q 0 0 0 rg BT 383.52 393.05 Td (the ) Tj ET Q q 0 0 0 rg BT 397.31 393.05 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 445.62 393.05 Td (will ) Tj ET Q q 0 0 0 rg BT 459.39 393.05 Td (settle ) Tj ET Q q 0 0 0 rg BT 482.18 393.05 Td (the ) Tj ET Q q 0 0 0 rg BT 495.97 393.05 Td (corresponding ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 382.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 99.54 382.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 134.57 382.25 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 185.61 382.25 Td (which ) Tj ET Q q 0 0 0 rg BT 210.63 382.25 Td (will ) Tj ET Q q 0 0 0 rg BT 225.15 382.25 Td (result ) Tj ET Q q 0 0 0 rg BT 249.17 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 258.20 382.25 Td (a ) Tj ET Q q 0 0 0 rg BT 265.22 382.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 298.75 382.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 317.79 382.25 Td (or ) Tj ET Q q 0 0 0 rg BT 327.80 382.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 345.83 382.25 Td (on ) Tj ET Q q 0 0 0 rg BT 357.85 382.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 398.39 382.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 433.43 382.25 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 484.46 382.25 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 538.49 382.25 Td (any ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 371.45 Td (realized ) Tj ET Q q 0 0 0 rg BT 92.84 371.45 Td (gain ) Tj ET Q q 0 0 0 rg BT 112.18 371.45 Td (or ) Tj ET Q q 0 0 0 rg BT 122.51 371.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 140.84 371.45 Td (on ) Tj ET Q q 0 0 0 rg BT 153.18 371.45 Td (the ) Tj ET Q q 0 0 0 rg BT 168.02 371.45 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 216.88 371.45 Td (settlement ) Tj ET Q q 0 0 0 rg BT 260.73 371.45 Td (of ) Tj ET Q q 0 0 0 rg BT 270.56 371.45 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 319.42 371.45 Td (foreign ) Tj ET Q q 0 0 0 rg BT 349.27 371.45 Td (exchange ) Tj ET Q q 0 0 0 rg BT 390.62 371.45 Td (derivative ) Tj ET Q q 0 0 0 rg BT 431.47 371.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 466.81 371.45 Td (instruments ) Tj ET Q q 0 0 0 rg BT 515.65 371.45 Td (related ) Tj ET Q q 0 0 0 rg BT 545.50 371.45 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 360.65 Td (V) Tj ET Q q 0 0 0 rg BT 64.84 360.65 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 129.87 360.65 Td (L.P) Tj ET Q q 0 0 0 rg BT 142.22 360.65 Td (. ) Tj ET Q q 0 0 0 rg BT 147.22 360.65 Td (will ) Tj ET Q q 0 0 0 rg BT 162.22 360.65 Td (be ) Tj ET Q q 0 0 0 rg BT 174.73 360.65 Td (recognized ) Tj ET Q q 0 0 0 rg BT 221.26 360.65 Td (at ) Tj ET Q q 0 0 0 rg BT 231.27 360.65 Td (the ) Tj ET Q q 0 0 0 rg BT 246.28 360.65 Td (joint ) Tj ET Q q 0 0 0 rg BT 265.29 360.65 Td (venture ) Tj ET Q q 0 0 0 rg BT 297.81 360.65 Td (level.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 339.05 Td (Provision ) Tj ET Q q 0 0 0 rg BT 102.51 339.05 Td (for ) Tj ET Q q 0 0 0 rg BT 117.01 339.05 Td (Income ) Tj ET Q q 0 0 0 rg BT 151.02 339.05 Td (T) Tj ET Q q 0 0 0 rg BT 155.85 339.05 Td (axes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 317.45 Td (For ) Tj ET Q q 0 0 0 rg BT 75.07 317.45 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 90.14 317.45 Td (three- ) Tj ET Q q 0 0 0 rg BT 116.22 317.45 Td (and ) Tj ET Q q 0 0 0 rg BT 133.80 317.45 Td (six-month ) Tj ET Q q 0 0 0 rg BT 175.38 317.45 Td (periods ) Tj ET Q q 0 0 0 rg BT 207.46 317.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 235.05 317.45 Td (June ) Tj ET Q q 0 0 0 rg BT 257.13 317.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 272.21 317.45 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.23 317.45 Td (, ) Tj ET Q q 0 0 0 rg BT 297.30 317.45 Td (the ) Tj ET Q q 0 0 0 rg BT 312.37 317.45 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 361.96 317.45 Td (recorded ) Tj ET Q q 0 0 0 rg BT 400.05 317.45 Td (a ) Tj ET Q q 0 0 0 rg BT 407.62 317.45 Td (current ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.20 317.45 Td (provision ) Tj ET Q q 0 0 0 rg BT 476.78 317.45 Td (for ) Tj ET Q q 0 0 0 rg BT 489.85 317.45 Td (income ) Tj ET Q q 0 0 0 rg BT 521.43 317.45 Td (taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.94 317.45 Td ( ) Tj ET Q q 0 0 0 rg BT 545.50 317.45 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 555.51 317.45 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.01 317.45 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 305.45 Td ($0.9million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 104.52 305.45 Td ( ) Tj ET Q q 0 0 0 rg BT 106.17 305.45 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 122.84 305.45 Td ($1.7million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 168.36 305.45 Td ( ) Tj ET Q q 0 0 0 rg BT 170.01 305.45 Td (respectively ) Tj ET Q q 0 0 0 rg BT 219.18 305.45 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 222.17 305.45 Td ($0.5million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.70 305.45 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 269.35 305.45 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 286.01 305.45 Td ($1.0million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 331.54 305.45 Td ( ) Tj ET Q q 0 0 0 rg BT 333.19 305.45 Td (respectively ) Tj ET Q q 0 0 0 rg BT 382.35 305.45 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.01 305.45 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 411.03 305.45 Td (\) ) Tj ET Q q 0 0 0 rg BT 415.67 305.45 Td (and ) Tj ET Q q 0 0 0 rg BT 432.34 305.45 Td (a ) Tj ET Q q 0 0 0 rg BT 439.00 305.45 Td (deferred ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.17 305.45 Td (provision ) Tj ET Q q 0 0 0 rg BT 511.83 305.45 Td (for ) Tj ET Q q 0 0 0 rg BT 523.99 305.45 Td (income ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 294.65 Td (taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 80.51 294.65 Td ( ) Tj ET Q q 0 0 0 rg BT 83.84 294.65 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.68 294.65 Td ($1) Tj ET Q q 0 0 0 rg BT 104.02 294.65 Td (1.3million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 144.54 294.65 Td ( ) Tj ET Q q 0 0 0 rg BT 147.87 294.65 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 166.21 294.65 Td ($1) Tj ET Q q 0 0 0 rg BT 175.55 294.65 Td (1.7million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 216.07 294.65 Td ( ) Tj ET Q q 0 0 0 rg BT 219.40 294.65 Td (respectively ) Tj ET Q q 0 0 0 rg BT 270.25 294.65 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 273.25 294.65 Td (income ) Tj ET Q q 0 0 0 rg BT 305.59 294.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 320.92 294.65 Td (recoveries) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.44 294.65 Td ( ) Tj ET Q q 0 0 0 rg BT 365.77 294.65 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 376.60 294.65 Td ($4.2million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.13 294.65 Td ( ) Tj ET Q q 0 0 0 rg BT 425.46 294.65 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.80 294.65 Td ($1.3million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.33 294.65 Td (, ) Tj ET Q q 0 0 0 rg BT 495.16 294.65 Td (respectively ) Tj ET Q q 0 0 0 rg BT 546.00 294.65 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 283.85 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.02 283.85 Td (\). ) Tj ET Q q 0 0 0 rg BT 87.68 283.85 Td (The ) Tj ET Q q 0 0 0 rg BT 106.56 283.85 Td (dif) Tj ET Q q 0 0 0 rg BT 115.90 283.85 Td (ference ) Tj ET Q q 0 0 0 rg BT 149.30 283.85 Td (in ) Tj ET Q q 0 0 0 rg BT 159.68 283.85 Td (the ) Tj ET Q q 0 0 0 rg BT 175.57 283.85 Td (deferred ) Tj ET Q q 0 0 0 rg BT 212.46 283.85 Td (provisions ) Tj ET Q q 0 0 0 rg BT 256.36 283.85 Td (for ) Tj ET Q q 0 0 0 rg BT 270.24 283.85 Td (income ) Tj ET Q q 0 0 0 rg BT 302.62 283.85 Td (taxes ) Tj ET Q q 0 0 0 rg BT 327.51 283.85 Td (is ) Tj ET Q q 0 0 0 rg BT 337.39 283.85 Td (due ) Tj ET Q q 0 0 0 rg BT 355.78 283.85 Td (primarily ) Tj ET Q q 0 0 0 rg BT 393.16 283.85 Td (to ) Tj ET Q q 0 0 0 rg BT 404.04 283.85 Td (the ) Tj ET Q q 0 0 0 rg BT 419.92 283.85 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 464.83 283.85 Td (net ) Tj ET Q q 0 0 0 rg BT 480.72 283.85 Td (gain ) Tj ET Q q 0 0 0 rg BT 501.11 283.85 Td (on ) Tj ET Q q 0 0 0 rg BT 514.49 283.85 Td (derivative ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 273.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 94.71 273.05 Td (instruments ) Tj ET Q q 0 0 0 rg BT 143.92 273.05 Td (recognized ) Tj ET Q q 0 0 0 rg BT 190.64 273.05 Td (in ) Tj ET Q q 0 0 0 rg BT 200.33 273.05 Td (the ) Tj ET Q q 0 0 0 rg BT 215.53 273.05 Td (second ) Tj ET Q q 0 0 0 rg BT 247.24 273.05 Td (quarter ) Tj ET Q q 0 0 0 rg BT 278.45 273.05 Td (of ) Tj ET Q q 0 0 0 rg BT 288.64 273.05 Td (2013, ) Tj ET Q q 0 0 0 rg BT 313.86 273.05 Td (compared ) Tj ET Q q 0 0 0 rg BT 356.57 273.05 Td (with ) Tj ET Q q 0 0 0 rg BT 375.26 273.05 Td (an ) Tj ET Q q 0 0 0 rg BT 387.96 273.05 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 432.18 273.05 Td (net ) Tj ET Q q 0 0 0 rg BT 447.38 273.05 Td (loss ) Tj ET Q q 0 0 0 rg BT 466.08 273.05 Td (on ) Tj ET Q q 0 0 0 rg BT 478.78 273.05 Td (derivative ) Tj ET Q q 0 0 0 rg BT 519.99 273.05 Td (financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 262.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 108.02 262.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 154.55 262.25 Td (in ) Tj ET Q q 0 0 0 rg BT 164.05 262.25 Td (second ) Tj ET Q q 0 0 0 rg BT 195.57 262.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 226.59 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 236.60 262.25 Td (2012.) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 17) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 695.45 Td (Net ) Tj ET Q q 0 0 0 rg BT 76.00 695.45 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 117.01 695.45 Td (\(Loss\) ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 673.85 Td (For ) Tj ET Q q 0 0 0 rg BT 75.13 673.85 Td (the ) Tj ET Q q 0 0 0 rg BT 90.27 673.85 Td (quarter ) Tj ET Q q 0 0 0 rg BT 121.41 673.85 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 149.07 673.85 Td (June30, ) Tj ET Q q 0 0 0 rg BT 186.23 673.85 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 206.25 673.85 Td (, ) Tj ET Q q 0 0 0 rg BT 211.38 673.85 Td (the ) Tj ET Q q 0 0 0 rg BT 226.52 673.85 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 276.17 673.85 Td (recorded ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 314.32 673.85 Td (net ) Tj ET Q q 0 0 0 rg BT 329.46 673.85 Td (earnings) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 363.99 673.85 Td ( ) Tj ET Q q 0 0 0 rg BT 366.61 673.85 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 376.75 673.85 Td ($31.0million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.28 673.85 Td ( ) Tj ET Q q 0 0 0 rg BT 429.91 673.85 Td (\(basic ) Tj ET Q q 0 0 0 rg BT 456.54 673.85 Td (and ) Tj ET Q q 0 0 0 rg BT 474.19 673.85 Td (diluted ) Tj ET Q q 0 0 0 rg BT 503.34 673.85 Td (net ) Tj ET Q q 0 0 0 rg BT 518.48 673.85 Td (earnings ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 663.05 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.77 663.05 Td ($0.28) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 91.30 663.05 Td ( ) Tj ET Q q 0 0 0 rg BT 93.56 663.05 Td (per ) Tj ET Q q 0 0 0 rg BT 108.84 663.05 Td (share\). ) Tj ET Q q 0 0 0 rg BT 139.12 663.05 Td (For ) Tj ET Q q 0 0 0 rg BT 154.89 663.05 Td (the ) Tj ET Q q 0 0 0 rg BT 169.67 663.05 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 228.97 663.05 Td (period ) Tj ET Q q 0 0 0 rg BT 256.26 663.05 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 266.04 663.05 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 286.06 663.05 Td (, ) Tj ET Q q 0 0 0 rg BT 290.83 663.05 Td (Innergex ) Tj ET Q q 0 0 0 rg BT 328.12 663.05 Td (recorded ) Tj ET Q q 0 0 0 rg BT 365.91 663.05 Td (a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.18 663.05 Td (net ) Tj ET Q q 0 0 0 rg BT 387.96 663.05 Td (loss) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 403.97 663.05 Td ( ) Tj ET Q q 0 0 0 rg BT 406.24 663.05 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.01 663.05 Td ($1) Tj ET Q q 0 0 0 rg BT 425.35 663.05 Td (1.9million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.87 663.05 Td ( ) Tj ET Q q 0 0 0 rg BT 468.14 663.05 Td (\(basic ) Tj ET Q q 0 0 0 rg BT 494.41 663.05 Td (and ) Tj ET Q q 0 0 0 rg BT 511.70 663.05 Td (diluted ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.49 663.05 Td (net ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 652.25 Td (loss) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 652.25 Td ( ) Tj ET Q q 0 0 0 rg BT 77.86 652.25 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 88.22 652.25 Td ($0.12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 110.74 652.25 Td ( ) Tj ET Q q 0 0 0 rg BT 113.59 652.25 Td (per ) Tj ET Q q 0 0 0 rg BT 129.45 652.25 Td (share\). ) Tj ET Q q 0 0 0 rg BT 160.13 652.25 Td (The ) Tj ET Q q 0 0 0 rg BT 178.50 652.25 Td (following ) Tj ET Q q 0 0 0 rg BT 216.37 652.25 Td (two ) Tj ET Q q 0 0 0 rg BT 233.23 652.25 Td (tables ) Tj ET Q q 0 0 0 rg BT 260.10 652.25 Td (outline ) Tj ET Q q 0 0 0 rg BT 289.47 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 304.84 652.25 Td (main ) Tj ET Q q 0 0 0 rg BT 327.20 652.25 Td (items ) Tj ET Q q 0 0 0 rg BT 351.55 652.25 Td (that ) Tj ET Q q 0 0 0 rg BT 369.42 652.25 Td (contributed ) Tj ET Q q 0 0 0 rg BT 416.80 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 427.16 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 442.53 652.25 Td (net ) Tj ET Q q 0 0 0 rg BT 457.89 652.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 495.27 652.25 Td (for ) Tj ET Q q 0 0 0 rg BT 508.62 652.25 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 523.99 652.25 Td (second) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.01 652.25 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 641.45 Td (quarter ) Tj ET Q q 0 0 0 rg BT 90.02 641.45 Td (of ) Tj ET Q q 0 0 0 rg BT 100.02 641.45 Td (2013, ) Tj ET Q q 0 0 0 rg BT 125.05 641.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 167.57 641.45 Td (with ) Tj ET Q q 0 0 0 rg BT 186.07 641.45 Td (a ) Tj ET Q q 0 0 0 rg BT 193.58 641.45 Td (net ) Tj ET Q q 0 0 0 rg BT 208.59 641.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 227.10 641.45 Td (for ) Tj ET Q q 0 0 0 rg BT 240.10 641.45 Td (the ) Tj ET Q q 0 0 0 rg BT 255.11 641.45 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 314.65 641.45 Td (period ) Tj ET Q q 0 0 0 rg BT 342.17 641.45 Td (in ) Tj ET Q q 0 0 0 rg BT 351.67 641.45 Td (2012:) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.50 630.95 190.00 -20.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 248.50 630.95 49.00 -20.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 297.50 630.95 255.00 -20.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 58.50 546.95 190.00 -20.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 248.50 546.95 49.00 -20.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 297.50 546.95 255.00 -20.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 610.95 m 248.5 610.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 610.95 m 297.5 610.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 610.95 m 552.5 610.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 610.95 m 248.5 610.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 578.95 m 248.5 578.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 610.95 m 297.5 610.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 578.95 m 297.5 578.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 610.95 m 552.5 610.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 578.95 m 552.5 578.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 578.95 m 248.5 578.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 547.95 m 248.5 547.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 545.95 m 248.5 545.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 578.95 m 297.5 578.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 547.95 m 297.5 547.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 545.95 m 297.5 545.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 578.95 m 552.5 578.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 547.95 m 552.5 547.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 545.95 m 552.5 545.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 526.95 m 248.5 526.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 526.95 m 297.5 526.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 526.95 m 552.5 526.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 495.95 m 248.5 495.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 495.95 m 297.5 495.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 495.95 m 552.5 495.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 462.95 m 248.5 462.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 462.95 m 297.5 462.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 462.95 m 552.5 462.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 420.95 m 248.5 420.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 418.95 m 248.5 418.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 462.95 m 297.5 462.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 420.95 m 297.5 420.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 418.95 m 297.5 418.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 420.95 m 552.5 420.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 418.95 m 552.5 418.95 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 61.00 615.35 Td (Main items Positive impact) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 255.05 615.35 Td (Variation) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 300.00 615.35 Td (Explanation) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 61.00 592.65 Td (Adjusted EBITDA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 265.45 592.65 Td (6,656) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 597.15 Td (Due ) Tj ET Q q 0 0 0 rg BT 320.11 597.15 Td (mainly ) Tj ET Q q 0 0 0 rg BT 349.71 597.15 Td (to ) Tj ET Q q 0 0 0 rg BT 360.81 597.15 Td (the ) Tj ET Q q 0 0 0 rg BT 376.92 597.15 Td (addition ) Tj ET Q q 0 0 0 rg BT 412.04 597.15 Td (of ) Tj ET Q q 0 0 0 rg BT 423.14 597.15 Td (Stardale, ) Tj ET Q q 0 0 0 rg BT 462.76 597.15 Td (additional ) Tj ET Q q 0 0 0 rg BT 504.89 597.15 Td (capacity ) Tj ET Q q 0 0 0 rg BT 541.50 597.15 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 588.15 Td (Gros-Morne ) Tj ET Q q 0 0 0 rg BT 350.31 588.15 Td (and ) Tj ET Q q 0 0 0 rg BT 367.62 588.15 Td (the ) Tj ET Q q 0 0 0 rg BT 382.43 588.15 Td (Brown ) Tj ET Q q 0 0 0 rg BT 410.24 588.15 Td (Lake ) Tj ET Q q 0 0 0 rg BT 432.06 588.15 Td (and ) Tj ET Q q 0 0 0 rg BT 449.37 588.15 Td (Miller ) Tj ET Q q 0 0 0 rg BT 473.17 588.15 Td (Creek ) Tj ET Q q 0 0 0 rg BT 499.48 588.15 Td (acquisitions.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.00 565.15 Td (Unrealized net gain on derivative financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.00 556.15 Td (instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 260.45 560.65 Td (54,423) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 569.65 Td (Due ) Tj ET Q q 0 0 0 rg BT 319.72 569.65 Td (mainly ) Tj ET Q q 0 0 0 rg BT 348.94 569.65 Td (to ) Tj ET Q q 0 0 0 rg BT 359.65 569.65 Td (an ) Tj ET Q q 0 0 0 rg BT 372.87 569.65 Td (increase ) Tj ET Q q 0 0 0 rg BT 410.10 569.65 Td (in ) Tj ET Q q 0 0 0 rg BT 420.32 569.65 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 468.05 569.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 500.77 569.65 Td (rates ) Tj ET Q q 0 0 0 rg BT 523.99 569.65 Td (during ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 560.65 Td (the ) Tj ET Q q 0 0 0 rg BT 313.85 560.65 Td (second ) Tj ET Q q 0 0 0 rg BT 344.20 560.65 Td (quarter ) Tj ET Q q 0 0 0 rg BT 374.05 560.65 Td (of ) Tj ET Q q 0 0 0 rg BT 382.89 560.65 Td (2013 ) Tj ET Q q 0 0 0 rg BT 404.25 560.65 Td (and ) Tj ET Q q 0 0 0 rg BT 420.60 560.65 Td (a ) Tj ET Q q 0 0 0 rg BT 426.94 560.65 Td (decrease ) Tj ET Q q 0 0 0 rg BT 465.30 560.65 Td (in ) Tj ET Q q 0 0 0 rg BT 473.64 560.65 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 519.49 560.65 Td (interest ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 551.65 Td (rates ) Tj ET Q q 0 0 0 rg BT 322.51 551.65 Td (during ) Tj ET Q q 0 0 0 rg BT 350.03 551.65 Td (the ) Tj ET Q q 0 0 0 rg BT 365.04 551.65 Td (second ) Tj ET Q q 0 0 0 rg BT 396.56 551.65 Td (quarter ) Tj ET Q q 0 0 0 rg BT 427.58 551.65 Td (of ) Tj ET Q q 0 0 0 rg BT 437.58 551.65 Td (2012.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 61.00 531.35 Td (Main items Negative impact) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 255.05 531.35 Td (Variation) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 300.00 531.35 Td (Explanation) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 61.00 509.15 Td (Depreciation and amortization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 265.45 509.15 Td (1,829) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 517.90 Td (Due ) Tj ET Q q 0 0 0 rg BT 319.15 517.90 Td (mainly ) Tj ET Q q 0 0 0 rg BT 347.79 517.90 Td (to ) Tj ET Q q 0 0 0 rg BT 357.93 517.90 Td (the ) Tj ET Q q 0 0 0 rg BT 373.08 517.90 Td (larger ) Tj ET Q q 0 0 0 rg BT 398.73 517.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 422.88 517.90 Td (base ) Tj ET Q q 0 0 0 rg BT 445.03 517.90 Td (resulting ) Tj ET Q q 0 0 0 rg BT 481.69 517.90 Td (from ) Tj ET Q q 0 0 0 rg BT 502.32 517.90 Td (the ) Tj ET Q q 0 0 0 rg BT 517.47 517.90 Td (addition ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 508.90 Td (of ) Tj ET Q q 0 0 0 rg BT 310.80 508.90 Td (Stardale, ) Tj ET Q q 0 0 0 rg BT 350.12 508.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 391.95 508.90 Td (turbines ) Tj ET Q q 0 0 0 rg BT 427.26 508.90 Td (at ) Tj ET Q q 0 0 0 rg BT 438.07 508.90 Td (Gros-Morne ) Tj ET Q q 0 0 0 rg BT 489.37 508.90 Td (and ) Tj ET Q q 0 0 0 rg BT 507.68 508.90 Td (the ) Tj ET Q q 0 0 0 rg BT 523.49 508.90 Td (Brown ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 499.90 Td (Lake ) Tj ET Q q 0 0 0 rg BT 322.02 499.90 Td (and ) Tj ET Q q 0 0 0 rg BT 339.53 499.90 Td (Miller ) Tj ET Q q 0 0 0 rg BT 363.53 499.90 Td (Creek ) Tj ET Q q 0 0 0 rg BT 390.04 499.90 Td (acquisitions.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.00 477.15 Td (Other net expenses \(revenues\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 265.45 477.15 Td (3,780) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 486.15 Td (Due ) Tj ET Q q 0 0 0 rg BT 320.00 486.15 Td (mainly ) Tj ET Q q 0 0 0 rg BT 349.49 486.15 Td (to ) Tj ET Q q 0 0 0 rg BT 360.49 486.15 Td (the ) Tj ET Q q 0 0 0 rg BT 376.49 486.15 Td ($3.3 ) Tj ET Q q 0 0 0 rg BT 397.49 486.15 Td (million ) Tj ET Q q 0 0 0 rg BT 426.49 486.15 Td (realized ) Tj ET Q q 0 0 0 rg BT 461.49 486.15 Td (net ) Tj ET Q q 0 0 0 rg BT 477.49 486.15 Td (loss ) Tj ET Q q 0 0 0 rg BT 496.98 486.15 Td (on ) Tj ET Q q 0 0 0 rg BT 510.48 486.15 Td (derivative ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 477.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 335.94 477.15 Td (instruments ) Tj ET Q q 0 0 0 rg BT 385.38 477.15 Td (in ) Tj ET Q q 0 0 0 rg BT 395.30 477.15 Td (2013 ) Tj ET Q q 0 0 0 rg BT 418.24 477.15 Td (and ) Tj ET Q q 0 0 0 rg BT 436.18 477.15 Td (a ) Tj ET Q q 0 0 0 rg BT 444.11 477.15 Td ($0.8 ) Tj ET Q q 0 0 0 rg BT 464.54 477.15 Td (million ) Tj ET Q q 0 0 0 rg BT 492.97 477.15 Td (compensation ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 468.15 Td (for ) Tj ET Q q 0 0 0 rg BT 313.00 468.15 Td (loss ) Tj ET Q q 0 0 0 rg BT 331.51 468.15 Td (of ) Tj ET Q q 0 0 0 rg BT 341.52 468.15 Td (revenues ) Tj ET Q q 0 0 0 rg BT 381.04 468.15 Td (received ) Tj ET Q q 0 0 0 rg BT 417.56 468.15 Td (in ) Tj ET Q q 0 0 0 rg BT 427.06 468.15 Td (2012.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.00 439.15 Td (Provision for income taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 260.45 439.15 Td (15,874) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 452.65 Td (Due ) Tj ET Q q 0 0 0 rg BT 319.22 452.65 Td (to ) Tj ET Q q 0 0 0 rg BT 329.43 452.65 Td (a ) Tj ET Q q 0 0 0 rg BT 337.14 452.65 Td (positive ) Tj ET Q q 0 0 0 rg BT 370.37 452.65 Td (variation ) Tj ET Q q 0 0 0 rg BT 407.09 452.65 Td (in ) Tj ET Q q 0 0 0 rg BT 416.80 452.65 Td (net ) Tj ET Q q 0 0 0 rg BT 432.02 452.65 Td (income. ) Tj ET Q q 0 0 0 rg BT 466.06 452.65 Td (This ) Tj ET Q q 0 0 0 rg BT 485.77 452.65 Td (variation ) Tj ET Q q 0 0 0 rg BT 522.50 452.65 Td (results ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 443.65 Td (mainly ) Tj ET Q q 0 0 0 rg BT 331.30 443.65 Td (from ) Tj ET Q q 0 0 0 rg BT 354.60 443.65 Td (an ) Tj ET Q q 0 0 0 rg BT 369.91 443.65 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 416.74 443.65 Td (net ) Tj ET Q q 0 0 0 rg BT 434.54 443.65 Td (gain ) Tj ET Q q 0 0 0 rg BT 456.86 443.65 Td (on ) Tj ET Q q 0 0 0 rg BT 472.17 443.65 Td (derivative ) Tj ET Q q 0 0 0 rg BT 515.98 443.65 Td (financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 434.65 Td (instruments ) Tj ET Q q 0 0 0 rg BT 349.57 434.65 Td (recognized ) Tj ET Q q 0 0 0 rg BT 396.65 434.65 Td (in ) Tj ET Q q 0 0 0 rg BT 406.71 434.65 Td (2013, ) Tj ET Q q 0 0 0 rg BT 432.28 434.65 Td (compared ) Tj ET Q q 0 0 0 rg BT 475.35 434.65 Td (with ) Tj ET Q q 0 0 0 rg BT 494.41 434.65 Td (an ) Tj ET Q q 0 0 0 rg BT 507.47 434.65 Td (unrealized ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 425.65 Td (net ) Tj ET Q q 0 0 0 rg BT 315.01 425.65 Td (loss ) Tj ET Q q 0 0 0 rg BT 333.52 425.65 Td (in ) Tj ET Q q 0 0 0 rg BT 343.02 425.65 Td (2012.) Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 398.85 Td (For ) Tj ET Q q 0 0 0 rg BT 75.07 398.85 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 90.15 398.85 Td (six-month ) Tj ET Q q 0 0 0 rg BT 131.73 398.85 Td (period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 156.74 398.85 Td ( ) Tj ET Q q 0 0 0 rg BT 159.31 398.85 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 186.91 398.85 Td (June30, ) Tj ET Q q 0 0 0 rg BT 224.00 398.85 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.02 398.85 Td (, ) Tj ET Q q 0 0 0 rg BT 249.09 398.85 Td (the ) Tj ET Q q 0 0 0 rg BT 264.17 398.85 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 313.76 398.85 Td (recorded ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 351.85 398.85 Td (net ) Tj ET Q q 0 0 0 rg BT 366.93 398.85 Td (earnings) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.46 398.85 Td ( ) Tj ET Q q 0 0 0 rg BT 404.02 398.85 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.10 398.85 Td ($30.9 ) Tj ET Q q 0 0 0 rg BT 439.19 398.85 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.69 398.85 Td ( ) Tj ET Q q 0 0 0 rg BT 467.26 398.85 Td (\(basic ) Tj ET Q q 0 0 0 rg BT 493.84 398.85 Td (and ) Tj ET Q q 0 0 0 rg BT 511.42 398.85 Td (diluted ) Tj ET Q q 0 0 0 rg BT 540.51 398.85 Td (net ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 388.05 Td (earnings ) Tj ET Q q 0 0 0 rg BT 96.36 388.05 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 106.70 388.05 Td ($0.29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 129.22 388.05 Td ( ) Tj ET Q q 0 0 0 rg BT 132.06 388.05 Td (per ) Tj ET Q q 0 0 0 rg BT 147.90 388.05 Td (share\). ) Tj ET Q q 0 0 0 rg BT 178.75 388.05 Td (For ) Tj ET Q q 0 0 0 rg BT 195.09 388.05 Td (the ) Tj ET Q q 0 0 0 rg BT 210.44 388.05 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 270.31 388.05 Td (period ) Tj ET Q q 0 0 0 rg BT 298.16 388.05 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 308.51 388.05 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.53 388.05 Td (, ) Tj ET Q q 0 0 0 rg BT 333.86 388.05 Td (Innergex ) Tj ET Q q 0 0 0 rg BT 371.73 388.05 Td (recorded ) Tj ET Q q 0 0 0 rg BT 410.08 388.05 Td (a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.92 388.05 Td (net ) Tj ET Q q 0 0 0 rg BT 433.27 388.05 Td (loss) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.28 388.05 Td ( ) Tj ET Q q 0 0 0 rg BT 452.11 388.05 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 462.46 388.05 Td ($4.1 ) Tj ET Q q 0 0 0 rg BT 482.81 388.05 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 508.31 388.05 Td ( ) Tj ET Q q 0 0 0 rg BT 511.15 388.05 Td (\(basic ) Tj ET Q q 0 0 0 rg BT 537.99 388.05 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 377.25 Td (diluted ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.79 377.25 Td (net ) Tj ET Q q 0 0 0 rg BT 102.57 377.25 Td (loss) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 118.57 377.25 Td ( ) Tj ET Q q 0 0 0 rg BT 120.84 377.25 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 130.61 377.25 Td ($0.03) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 153.13 377.25 Td ( ) Tj ET Q q 0 0 0 rg BT 155.40 377.25 Td (per ) Tj ET Q q 0 0 0 rg BT 170.68 377.25 Td (share\). ) Tj ET Q q 0 0 0 rg BT 200.81 377.25 Td (The ) Tj ET Q q 0 0 0 rg BT 218.58 377.25 Td (following ) Tj ET Q q 0 0 0 rg BT 255.87 377.25 Td (two ) Tj ET Q q 0 0 0 rg BT 272.14 377.25 Td (tables ) Tj ET Q q 0 0 0 rg BT 298.42 377.25 Td (outline ) Tj ET Q q 0 0 0 rg BT 327.21 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.99 377.25 Td (main ) Tj ET Q q 0 0 0 rg BT 363.76 377.25 Td (items ) Tj ET Q q 0 0 0 rg BT 387.53 377.25 Td (that ) Tj ET Q q 0 0 0 rg BT 404.81 377.25 Td (contributed ) Tj ET Q q 0 0 0 rg BT 451.61 377.25 Td (to ) Tj ET Q q 0 0 0 rg BT 461.38 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.16 377.25 Td (net ) Tj ET Q q 0 0 0 rg BT 490.94 377.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 527.73 377.25 Td (for ) Tj ET Q q 0 0 0 rg BT 540.50 377.25 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 366.45 Td (first ) Tj ET Q q 0 0 0 rg BT 76.00 366.45 Td (half ) Tj ET Q q 0 0 0 rg BT 93.01 366.45 Td (of ) Tj ET Q q 0 0 0 rg BT 103.02 366.45 Td (2013, ) Tj ET Q q 0 0 0 rg BT 128.04 366.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 170.56 366.45 Td (with ) Tj ET Q q 0 0 0 rg BT 189.06 366.45 Td (a ) Tj ET Q q 0 0 0 rg BT 196.57 366.45 Td (net ) Tj ET Q q 0 0 0 rg BT 211.58 366.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 230.09 366.45 Td (for ) Tj ET Q q 0 0 0 rg BT 243.09 366.45 Td (the ) Tj ET Q q 0 0 0 rg BT 258.10 366.45 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 317.64 366.45 Td (period ) Tj ET Q q 0 0 0 rg BT 345.16 366.45 Td (in ) Tj ET Q q 0 0 0 rg BT 354.66 366.45 Td (2012:) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.50 355.95 190.00 -20.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 248.50 355.95 49.00 -20.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 297.50 355.95 255.00 -20.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 58.50 271.95 190.00 -20.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 248.50 271.95 49.00 -20.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 297.50 271.95 255.00 -20.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 335.95000000000005 m 248.5 335.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 335.95000000000005 m 297.5 335.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 335.95000000000005 m 552.5 335.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 335.95000000000005 m 248.5 335.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 303.95000000000005 m 248.5 303.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 335.95000000000005 m 297.5 335.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 303.95000000000005 m 297.5 303.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 335.95000000000005 m 552.5 335.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 303.95000000000005 m 552.5 303.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 303.95000000000005 m 248.5 303.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 272.95000000000005 m 248.5 272.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 270.95000000000005 m 248.5 270.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 303.95000000000005 m 297.5 303.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 272.95000000000005 m 297.5 272.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 270.95000000000005 m 297.5 270.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 303.95000000000005 m 552.5 303.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 272.95000000000005 m 552.5 272.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 270.95000000000005 m 552.5 270.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 251.95000000000005 m 248.5 251.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 251.95000000000005 m 297.5 251.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 251.95000000000005 m 552.5 251.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 251.95000000000005 m 248.5 251.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 251.95000000000005 m 297.5 251.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 219.95000000000005 m 297.5 219.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 251.95000000000005 m 552.5 251.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 219.95000000000005 m 248.5 219.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 219.95000000000005 m 297.5 219.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 188.95000000000005 m 297.5 188.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 219.95000000000005 m 552.5 219.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 188.95000000000005 m 552.5 188.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 188.95000000000005 m 248.5 188.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 147.95000000000005 m 248.5 147.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 145.95000000000005 m 248.5 145.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 188.95000000000005 m 297.5 188.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 147.95000000000005 m 297.5 147.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 145.95000000000005 m 297.5 145.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 188.95000000000005 m 552.5 188.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 147.95000000000005 m 552.5 147.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 145.95000000000005 m 552.5 145.95000000000005 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 61.00 340.35 Td (Main items Positive impact) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 255.05 340.35 Td (Variation) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 300.00 340.35 Td (Explanation) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 61.00 317.65 Td (Adjusted EBITDA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 260.45 317.65 Td (13,770) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 322.15 Td (Due ) Tj ET Q q 0 0 0 rg BT 320.11 322.15 Td (mainly ) Tj ET Q q 0 0 0 rg BT 349.71 322.15 Td (to ) Tj ET Q q 0 0 0 rg BT 360.81 322.15 Td (the ) Tj ET Q q 0 0 0 rg BT 376.92 322.15 Td (addition ) Tj ET Q q 0 0 0 rg BT 412.04 322.15 Td (of ) Tj ET Q q 0 0 0 rg BT 423.14 322.15 Td (Stardale, ) Tj ET Q q 0 0 0 rg BT 462.76 322.15 Td (additional ) Tj ET Q q 0 0 0 rg BT 504.89 322.15 Td (capacity ) Tj ET Q q 0 0 0 rg BT 541.50 322.15 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 313.15 Td (Gros-Morne ) Tj ET Q q 0 0 0 rg BT 350.31 313.15 Td (and ) Tj ET Q q 0 0 0 rg BT 367.62 313.15 Td (the ) Tj ET Q q 0 0 0 rg BT 382.43 313.15 Td (Brown ) Tj ET Q q 0 0 0 rg BT 410.24 313.15 Td (Lake ) Tj ET Q q 0 0 0 rg BT 432.06 313.15 Td (and ) Tj ET Q q 0 0 0 rg BT 449.37 313.15 Td (Miller ) Tj ET Q q 0 0 0 rg BT 473.17 313.15 Td (Creek ) Tj ET Q q 0 0 0 rg BT 499.48 313.15 Td (acquisitions.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.00 290.15 Td (Unrealized net gain on derivative financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.00 281.15 Td (instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 260.45 285.65 Td (38,162) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 294.65 Td (Due ) Tj ET Q q 0 0 0 rg BT 319.72 294.65 Td (mainly ) Tj ET Q q 0 0 0 rg BT 348.94 294.65 Td (to ) Tj ET Q q 0 0 0 rg BT 359.65 294.65 Td (an ) Tj ET Q q 0 0 0 rg BT 372.87 294.65 Td (increase ) Tj ET Q q 0 0 0 rg BT 410.10 294.65 Td (in ) Tj ET Q q 0 0 0 rg BT 420.32 294.65 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 468.05 294.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 500.77 294.65 Td (rates ) Tj ET Q q 0 0 0 rg BT 523.99 294.65 Td (during ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 285.65 Td (the ) Tj ET Q q 0 0 0 rg BT 314.50 285.65 Td (first ) Tj ET Q q 0 0 0 rg BT 330.98 285.65 Td (half ) Tj ET Q q 0 0 0 rg BT 347.48 285.65 Td (of ) Tj ET Q q 0 0 0 rg BT 356.98 285.65 Td (2013 ) Tj ET Q q 0 0 0 rg BT 378.99 285.65 Td (and ) Tj ET Q q 0 0 0 rg BT 395.99 285.65 Td (a ) Tj ET Q q 0 0 0 rg BT 402.98 285.65 Td (decrease ) Tj ET Q q 0 0 0 rg BT 441.99 285.65 Td (in ) Tj ET Q q 0 0 0 rg BT 450.99 285.65 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 497.50 285.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 529.00 285.65 Td (rates ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 276.65 Td (during ) Tj ET Q q 0 0 0 rg BT 327.52 276.65 Td (the ) Tj ET Q q 0 0 0 rg BT 342.53 276.65 Td (first ) Tj ET Q q 0 0 0 rg BT 359.53 276.65 Td (half ) Tj ET Q q 0 0 0 rg BT 376.54 276.65 Td (of ) Tj ET Q q 0 0 0 rg BT 386.55 276.65 Td (2012.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 61.00 256.35 Td (Main items Negative impact) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 255.05 256.35 Td (Variation) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 300.00 256.35 Td (Explanation) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 61.00 233.65 Td (Other net expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 265.45 233.65 Td (2,006) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 242.65 Td (Due ) Tj ET Q q 0 0 0 rg BT 320.00 242.65 Td (mainly ) Tj ET Q q 0 0 0 rg BT 349.49 242.65 Td (to ) Tj ET Q q 0 0 0 rg BT 360.49 242.65 Td (the ) Tj ET Q q 0 0 0 rg BT 376.49 242.65 Td ($3.3 ) Tj ET Q q 0 0 0 rg BT 397.49 242.65 Td (million ) Tj ET Q q 0 0 0 rg BT 426.49 242.65 Td (realized ) Tj ET Q q 0 0 0 rg BT 461.49 242.65 Td (net ) Tj ET Q q 0 0 0 rg BT 477.49 242.65 Td (loss ) Tj ET Q q 0 0 0 rg BT 496.98 242.65 Td (on ) Tj ET Q q 0 0 0 rg BT 510.48 242.65 Td (derivative ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 233.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 335.52 233.65 Td (instruments ) Tj ET Q q 0 0 0 rg BT 384.55 233.65 Td (in ) Tj ET Q q 0 0 0 rg BT 394.05 233.65 Td (2013, ) Tj ET Q q 0 0 0 rg BT 419.08 233.65 Td (partly ) Tj ET Q q 0 0 0 rg BT 443.59 233.65 Td (of) Tj ET Q q 0 0 0 rg BT 450.94 233.65 Td (fset ) Tj ET Q q 0 0 0 rg BT 467.95 233.65 Td (by ) Tj ET Q q 0 0 0 rg BT 479.96 233.65 Td (a ) Tj ET Q q 0 0 0 rg BT 487.47 233.65 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 507.49 233.65 Td (settlement ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 224.65 Td (of ) Tj ET Q q 0 0 0 rg BT 310.01 224.65 Td (claims ) Tj ET Q q 0 0 0 rg BT 338.01 224.65 Td (received ) Tj ET Q q 0 0 0 rg BT 374.53 224.65 Td (in ) Tj ET Q q 0 0 0 rg BT 384.03 224.65 Td (2013.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.00 202.15 Td (Depreciation and amortization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 265.45 202.15 Td (4,733) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 210.90 Td (Due ) Tj ET Q q 0 0 0 rg BT 319.15 210.90 Td (mainly ) Tj ET Q q 0 0 0 rg BT 347.79 210.90 Td (to ) Tj ET Q q 0 0 0 rg BT 357.93 210.90 Td (the ) Tj ET Q q 0 0 0 rg BT 373.08 210.90 Td (larger ) Tj ET Q q 0 0 0 rg BT 398.73 210.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 422.88 210.90 Td (base ) Tj ET Q q 0 0 0 rg BT 445.03 210.90 Td (resulting ) Tj ET Q q 0 0 0 rg BT 481.69 210.90 Td (from ) Tj ET Q q 0 0 0 rg BT 502.32 210.90 Td (the ) Tj ET Q q 0 0 0 rg BT 517.47 210.90 Td (addition ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 201.90 Td (of ) Tj ET Q q 0 0 0 rg BT 310.80 201.90 Td (Stardale, ) Tj ET Q q 0 0 0 rg BT 350.12 201.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 391.95 201.90 Td (turbines ) Tj ET Q q 0 0 0 rg BT 427.26 201.90 Td (at ) Tj ET Q q 0 0 0 rg BT 438.07 201.90 Td (Gros-Morne ) Tj ET Q q 0 0 0 rg BT 489.37 201.90 Td (and ) Tj ET Q q 0 0 0 rg BT 507.68 201.90 Td (the ) Tj ET Q q 0 0 0 rg BT 523.49 201.90 Td (Brown ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 192.90 Td (Lake ) Tj ET Q q 0 0 0 rg BT 322.02 192.90 Td (and ) Tj ET Q q 0 0 0 rg BT 339.53 192.90 Td (Miller ) Tj ET Q q 0 0 0 rg BT 363.53 192.90 Td (Creek ) Tj ET Q q 0 0 0 rg BT 390.04 192.90 Td (acquisitions.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.00 165.65 Td (Provision for income taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 260.45 165.65 Td (13,736) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 179.15 Td (Due ) Tj ET Q q 0 0 0 rg BT 319.50 179.15 Td (to ) Tj ET Q q 0 0 0 rg BT 329.99 179.15 Td (a ) Tj ET Q q 0 0 0 rg BT 337.99 179.15 Td (positive ) Tj ET Q q 0 0 0 rg BT 371.49 179.15 Td (variation ) Tj ET Q q 0 0 0 rg BT 408.50 179.15 Td (in ) Tj ET Q q 0 0 0 rg BT 418.49 179.15 Td (net ) Tj ET Q q 0 0 0 rg BT 433.99 179.15 Td (income; ) Tj ET Q q 0 0 0 rg BT 468.49 179.15 Td (this ) Tj ET Q q 0 0 0 rg BT 485.49 179.15 Td (variation ) Tj ET Q q 0 0 0 rg BT 522.50 179.15 Td (results ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 170.15 Td (mainly ) Tj ET Q q 0 0 0 rg BT 331.30 170.15 Td (from ) Tj ET Q q 0 0 0 rg BT 354.60 170.15 Td (an ) Tj ET Q q 0 0 0 rg BT 369.91 170.15 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 416.74 170.15 Td (net ) Tj ET Q q 0 0 0 rg BT 434.54 170.15 Td (gain ) Tj ET Q q 0 0 0 rg BT 456.86 170.15 Td (on ) Tj ET Q q 0 0 0 rg BT 472.17 170.15 Td (derivative ) Tj ET Q q 0 0 0 rg BT 515.98 170.15 Td (financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 161.15 Td (instruments ) Tj ET Q q 0 0 0 rg BT 349.57 161.15 Td (recognized ) Tj ET Q q 0 0 0 rg BT 396.65 161.15 Td (in ) Tj ET Q q 0 0 0 rg BT 406.71 161.15 Td (2013, ) Tj ET Q q 0 0 0 rg BT 432.28 161.15 Td (compared ) Tj ET Q q 0 0 0 rg BT 475.35 161.15 Td (with ) Tj ET Q q 0 0 0 rg BT 494.41 161.15 Td (an ) Tj ET Q q 0 0 0 rg BT 507.47 161.15 Td (unrealized ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.00 152.15 Td (net ) Tj ET Q q 0 0 0 rg BT 315.01 152.15 Td (loss ) Tj ET Q q 0 0 0 rg BT 333.52 152.15 Td (in ) Tj ET Q q 0 0 0 rg BT 343.02 152.15 Td (2012.) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 18) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 695.45 Td (The ) Tj ET Q q 0 0 0 rg BT 77.32 695.45 Td (basic ) Tj ET Q q 0 0 0 rg BT 101.15 695.45 Td (and ) Tj ET Q q 0 0 0 rg BT 118.98 695.45 Td (diluted ) Tj ET Q q 0 0 0 rg BT 148.32 695.45 Td (per-share ) Tj ET Q q 0 0 0 rg BT 189.65 695.45 Td (figures ) Tj ET Q q 0 0 0 rg BT 219.48 695.45 Td (for ) Tj ET Q q 0 0 0 rg BT 232.80 695.45 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 248.12 695.45 Td (three-month ) Tj ET Q q 0 0 0 rg BT 299.46 695.45 Td (period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.48 695.45 Td ( ) Tj ET Q q 0 0 0 rg BT 327.30 695.45 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.14 695.45 Td (June30, ) Tj ET Q q 0 0 0 rg BT 392.48 695.45 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.50 695.45 Td (, ) Tj ET Q q 0 0 0 rg BT 417.82 695.45 Td (are ) Tj ET Q q 0 0 0 rg BT 433.64 695.45 Td (based ) Tj ET Q q 0 0 0 rg BT 460.98 695.45 Td (on ) Tj ET Q q 0 0 0 rg BT 473.81 695.45 Td (a ) Tj ET Q q 0 0 0 rg BT 481.63 695.45 Td (weighted ) Tj ET Q q 0 0 0 rg BT 520.47 695.45 Td (average ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 684.65 Td (number ) Tj ET Q q 0 0 0 rg BT 92.15 684.65 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 102.29 684.65 Td (94,369,675) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 147.34 684.65 Td ( ) Tj ET Q q 0 0 0 rg BT 149.97 684.65 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 167.63 684.65 Td (94,432,665) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 212.67 684.65 Td ( ) Tj ET Q q 0 0 0 rg BT 215.31 684.65 Td (common ) Tj ET Q q 0 0 0 rg BT 252.45 684.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 282.10 684.65 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 331.28 684.65 Td (respectively) Tj ET Q q 0 0 0 rg BT 378.13 684.65 Td (. ) Tj ET Q q 0 0 0 rg BT 383.09 684.65 Td (The ) Tj ET Q q 0 0 0 rg BT 401.24 684.65 Td (basic ) Tj ET Q q 0 0 0 rg BT 424.88 684.65 Td (and ) Tj ET Q q 0 0 0 rg BT 442.54 684.65 Td (diluted ) Tj ET Q q 0 0 0 rg BT 471.69 684.65 Td (per-share ) Tj ET Q q 0 0 0 rg BT 512.85 684.65 Td (figures ) Tj ET Q q 0 0 0 rg BT 542.50 684.65 Td (for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 673.85 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.67 673.85 Td (six-month ) Tj ET Q q 0 0 0 rg BT 114.83 673.85 Td (period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 139.85 673.85 Td ( ) Tj ET Q q 0 0 0 rg BT 142.01 673.85 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 169.19 673.85 Td (June30, ) Tj ET Q q 0 0 0 rg BT 205.88 673.85 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 225.90 673.85 Td (, ) Tj ET Q q 0 0 0 rg BT 230.55 673.85 Td (are ) Tj ET Q q 0 0 0 rg BT 245.72 673.85 Td (based ) Tj ET Q q 0 0 0 rg BT 272.40 673.85 Td (on ) Tj ET Q q 0 0 0 rg BT 284.56 673.85 Td (a ) Tj ET Q q 0 0 0 rg BT 291.72 673.85 Td (weighted ) Tj ET Q q 0 0 0 rg BT 329.91 673.85 Td (average ) Tj ET Q q 0 0 0 rg BT 364.59 673.85 Td (number ) Tj ET Q q 0 0 0 rg BT 397.26 673.85 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 406.92 673.85 Td (94,142,792) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.96 673.85 Td ( ) Tj ET Q q 0 0 0 rg BT 454.12 673.85 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.29 673.85 Td (94,219,338) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 516.34 673.85 Td ( ) Tj ET Q q 0 0 0 rg BT 518.49 673.85 Td (common ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 663.05 Td (shares ) Tj ET Q q 0 0 0 rg BT 88.66 663.05 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 137.85 663.05 Td (respectively) Tj ET Q q 0 0 0 rg BT 184.70 663.05 Td (. ) Tj ET Q q 0 0 0 rg BT 189.84 663.05 Td (For ) Tj ET Q q 0 0 0 rg BT 205.99 663.05 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 221.15 663.05 Td (three- ) Tj ET Q q 0 0 0 rg BT 247.31 663.05 Td (and ) Tj ET Q q 0 0 0 rg BT 264.97 663.05 Td (six-month ) Tj ET Q q 0 0 0 rg BT 306.63 663.05 Td (periods ) Tj ET Q q 0 0 0 rg BT 338.79 663.05 Td (ended ) Tj ET Q q 0 0 0 rg BT 366.46 663.05 Td (June ) Tj ET Q q 0 0 0 rg BT 388.63 663.05 Td (30, ) Tj ET Q q 0 0 0 rg BT 403.79 663.05 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.81 663.05 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.96 663.05 Td (2,073,420) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 468.99 663.05 Td ( ) Tj ET Q q 0 0 0 rg BT 471.64 663.05 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.30 663.05 Td (1,263,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.34 663.05 Td ( ) Tj ET Q q 0 0 0 rg BT 531.99 663.05 Td (stock ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 652.25 Td (options ) Tj ET Q q 0 0 0 rg BT 90.59 652.25 Td (respectively ) Tj ET Q q 0 0 0 rg BT 140.67 652.25 Td (were ) Tj ET Q q 0 0 0 rg BT 162.74 652.25 Td (non-dilutive ) Tj ET Q q 0 0 0 rg BT 211.34 652.25 Td (during ) Tj ET Q q 0 0 0 rg BT 238.92 652.25 Td (these ) Tj ET Q q 0 0 0 rg BT 263.50 652.25 Td (periods, ) Tj ET Q q 0 0 0 rg BT 298.09 652.25 Td (as ) Tj ET Q q 0 0 0 rg BT 310.16 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.23 652.25 Td (average ) Tj ET Q q 0 0 0 rg BT 360.32 652.25 Td (market ) Tj ET Q q 0 0 0 rg BT 390.39 652.25 Td (price ) Tj ET Q q 0 0 0 rg BT 412.47 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 422.54 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.61 652.25 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 493.42 652.25 Td (common ) Tj ET Q q 0 0 0 rg BT 530.50 652.25 Td (share ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 641.45 Td (was ) Tj ET Q q 0 0 0 rg BT 76.71 641.45 Td (below ) Tj ET Q q 0 0 0 rg BT 101.94 641.45 Td (the ) Tj ET Q q 0 0 0 rg BT 116.16 641.45 Td (strike ) Tj ET Q q 0 0 0 rg BT 139.37 641.45 Td (price. ) Tj ET Q q 0 0 0 rg BT 163.09 641.45 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 210.32 641.45 Td (Debentures ) Tj ET Q q 0 0 0 rg BT 258.56 641.45 Td (were ) Tj ET Q q 0 0 0 rg BT 279.78 641.45 Td (non-dilutive, ) Tj ET Q q 0 0 0 rg BT 330.02 641.45 Td (as ) Tj ET Q q 0 0 0 rg BT 341.23 641.45 Td (the ) Tj ET Q q 0 0 0 rg BT 355.45 641.45 Td (average ) Tj ET Q q 0 0 0 rg BT 389.68 641.45 Td (market ) Tj ET Q q 0 0 0 rg BT 418.90 641.45 Td (price ) Tj ET Q q 0 0 0 rg BT 440.12 641.45 Td (of ) Tj ET Q q 0 0 0 rg BT 449.33 641.45 Td (the ) Tj ET Q q 0 0 0 rg BT 463.55 641.45 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 518.51 641.45 Td (common ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 630.65 Td (share ) Tj ET Q q 0 0 0 rg BT 83.83 630.65 Td (was ) Tj ET Q q 0 0 0 rg BT 102.15 630.65 Td (below ) Tj ET Q q 0 0 0 rg BT 127.98 630.65 Td (the ) Tj ET Q q 0 0 0 rg BT 142.80 630.65 Td (conversion ) Tj ET Q q 0 0 0 rg BT 188.64 630.65 Td (price. ) Tj ET Q q 0 0 0 rg BT 212.51 630.65 Td (A) Tj ET Q q 0 0 0 rg BT 218.01 630.65 Td ( ) Tj ET Q q 0 0 0 rg BT 220.33 630.65 Td (total ) Tj ET Q q 0 0 0 rg BT 239.65 630.65 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 249.47 630.65 Td (7,558,684) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 289.51 630.65 Td ( ) Tj ET Q q 0 0 0 rg BT 291.83 630.65 Td (common ) Tj ET Q q 0 0 0 rg BT 328.65 630.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 357.98 630.65 Td (could ) Tj ET Q q 0 0 0 rg BT 381.81 630.65 Td (potentially ) Tj ET Q q 0 0 0 rg BT 424.65 630.65 Td (have ) Tj ET Q q 0 0 0 rg BT 446.48 630.65 Td (been ) Tj ET Q q 0 0 0 rg BT 468.82 630.65 Td (issued ) Tj ET Q q 0 0 0 rg BT 497.15 630.65 Td (on ) Tj ET Q q 0 0 0 rg BT 509.48 630.65 Td (conversion ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 619.85 Td (of ) Tj ET Q q 0 0 0 rg BT 69.01 619.85 Td (the ) Tj ET Q q 0 0 0 rg BT 84.02 619.85 Td (convertible ) Tj ET Q q 0 0 0 rg BT 130.04 619.85 Td (debentures. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 598.25 Td (The ) Tj ET Q q 0 0 0 rg BT 76.96 598.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 100.43 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 117.90 598.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 146.88 598.25 Td (per-share ) Tj ET Q q 0 0 0 rg BT 187.85 598.25 Td (figures ) Tj ET Q q 0 0 0 rg BT 217.32 598.25 Td (for ) Tj ET Q q 0 0 0 rg BT 230.28 598.25 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.24 598.25 Td (three-month ) Tj ET Q q 0 0 0 rg BT 296.22 598.25 Td (period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 321.24 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 323.69 598.25 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 351.18 598.25 Td (June30, ) Tj ET Q q 0 0 0 rg BT 388.16 598.25 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.18 598.25 Td (, ) Tj ET Q q 0 0 0 rg BT 413.14 598.25 Td (were ) Tj ET Q q 0 0 0 rg BT 435.10 598.25 Td (based ) Tj ET Q q 0 0 0 rg BT 462.08 598.25 Td (on ) Tj ET Q q 0 0 0 rg BT 474.54 598.25 Td (a ) Tj ET Q q 0 0 0 rg BT 482.00 598.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 520.48 598.25 Td (average ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 587.45 Td (number ) Tj ET Q q 0 0 0 rg BT 92.20 587.45 Td (of ) Tj ET Q q 0 0 0 rg BT 102.38 587.45 Td (81,282,460 ) Tj ET Q q 0 0 0 rg BT 150.11 587.45 Td (and ) Tj ET Q q 0 0 0 rg BT 167.81 587.45 Td (81,439,01) Tj ET Q q 0 0 0 rg BT 207.18 587.45 Td (1 ) Tj ET Q q 0 0 0 rg BT 214.86 587.45 Td (common ) Tj ET Q q 0 0 0 rg BT 252.05 587.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 281.75 587.45 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 330.97 587.45 Td (respectively) Tj ET Q q 0 0 0 rg BT 377.82 587.45 Td (. ) Tj ET Q q 0 0 0 rg BT 382.83 587.45 Td (The ) Tj ET Q q 0 0 0 rg BT 401.02 587.45 Td (basic ) Tj ET Q q 0 0 0 rg BT 424.71 587.45 Td (and ) Tj ET Q q 0 0 0 rg BT 442.40 587.45 Td (diluted ) Tj ET Q q 0 0 0 rg BT 471.61 587.45 Td (per-share ) Tj ET Q q 0 0 0 rg BT 512.81 587.45 Td (figures ) Tj ET Q q 0 0 0 rg BT 542.50 587.45 Td (for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 576.65 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.29 576.65 Td (six-month ) Tj ET Q q 0 0 0 rg BT 114.07 576.65 Td (period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 139.09 576.65 Td ( ) Tj ET Q q 0 0 0 rg BT 140.86 576.65 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 167.66 576.65 Td (June30, ) Tj ET Q q 0 0 0 rg BT 203.96 576.65 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 223.99 576.65 Td (, ) Tj ET Q q 0 0 0 rg BT 228.26 576.65 Td (were ) Tj ET Q q 0 0 0 rg BT 249.54 576.65 Td (based ) Tj ET Q q 0 0 0 rg BT 275.84 576.65 Td (on ) Tj ET Q q 0 0 0 rg BT 287.62 576.65 Td (a ) Tj ET Q q 0 0 0 rg BT 294.40 576.65 Td (weighted ) Tj ET Q q 0 0 0 rg BT 332.20 576.65 Td (average ) Tj ET Q q 0 0 0 rg BT 366.50 576.65 Td (number ) Tj ET Q q 0 0 0 rg BT 398.79 576.65 Td (of ) Tj ET Q q 0 0 0 rg BT 408.07 576.65 Td (81,282,460 ) Tj ET Q q 0 0 0 rg BT 454.89 576.65 Td (and ) Tj ET Q q 0 0 0 rg BT 471.68 576.65 Td (81,436,155 ) Tj ET Q q 0 0 0 rg BT 518.49 576.65 Td (common ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 565.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 88.34 565.85 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 137.20 565.85 Td (respectively) Tj ET Q q 0 0 0 rg BT 184.05 565.85 Td (. ) Tj ET Q q 0 0 0 rg BT 188.88 565.85 Td (1,034,000 ) Tj ET Q q 0 0 0 rg BT 231.24 565.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 254.57 565.85 Td (options ) Tj ET Q q 0 0 0 rg BT 285.92 565.85 Td (were ) Tj ET Q q 0 0 0 rg BT 307.75 565.85 Td (non-dilutive ) Tj ET Q q 0 0 0 rg BT 356.11 565.85 Td (during ) Tj ET Q q 0 0 0 rg BT 383.45 565.85 Td (these ) Tj ET Q q 0 0 0 rg BT 407.79 565.85 Td (periods, ) Tj ET Q q 0 0 0 rg BT 442.14 565.85 Td (as ) Tj ET Q q 0 0 0 rg BT 453.97 565.85 Td (the ) Tj ET Q q 0 0 0 rg BT 468.81 565.85 Td (average ) Tj ET Q q 0 0 0 rg BT 503.66 565.85 Td (market ) Tj ET Q q 0 0 0 rg BT 533.49 565.85 Td (price ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 555.05 Td (of ) Tj ET Q q 0 0 0 rg BT 69.71 555.05 Td (the ) Tj ET Q q 0 0 0 rg BT 85.43 555.05 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 141.89 555.05 Td (common ) Tj ET Q q 0 0 0 rg BT 179.61 555.05 Td (share ) Tj ET Q q 0 0 0 rg BT 205.33 555.05 Td (was ) Tj ET Q q 0 0 0 rg BT 224.54 555.05 Td (below ) Tj ET Q q 0 0 0 rg BT 251.26 555.05 Td (the ) Tj ET Q q 0 0 0 rg BT 266.98 555.05 Td (strike ) Tj ET Q q 0 0 0 rg BT 291.69 555.05 Td (price. ) Tj ET Q q 0 0 0 rg BT 316.70 555.05 Td (The ) Tj ET Q q 0 0 0 rg BT 335.42 555.05 Td (other ) Tj ET Q q 0 0 0 rg BT 359.14 555.05 Td (1,643,444 ) Tj ET Q q 0 0 0 rg BT 402.39 555.05 Td (stock ) Tj ET Q q 0 0 0 rg BT 426.60 555.05 Td (options ) Tj ET Q q 0 0 0 rg BT 458.83 555.05 Td (were ) Tj ET Q q 0 0 0 rg BT 481.55 555.05 Td (anti-dilutive ) Tj ET Q q 0 0 0 rg BT 530.28 555.05 Td (in ) Tj ET Q q 0 0 0 rg BT 540.49 555.05 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 544.25 Td (computation ) Tj ET Q q 0 0 0 rg BT 110.49 544.25 Td (of ) Tj ET Q q 0 0 0 rg BT 120.47 544.25 Td (per-share ) Tj ET Q q 0 0 0 rg BT 161.45 544.25 Td (figure, ) Tj ET Q q 0 0 0 rg BT 188.93 544.25 Td (despite ) Tj ET Q q 0 0 0 rg BT 220.41 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.39 544.25 Td (average ) Tj ET Q q 0 0 0 rg BT 270.38 544.25 Td (market ) Tj ET Q q 0 0 0 rg BT 300.35 544.25 Td (price ) Tj ET Q q 0 0 0 rg BT 322.32 544.25 Td (of ) Tj ET Q q 0 0 0 rg BT 332.29 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.27 544.25 Td (Corporation) Tj ET Q q 0 0 0 rg BT 396.13 544.25 Td (s ) Tj ET Q q 0 0 0 rg BT 403.09 544.25 Td (common ) Tj ET Q q 0 0 0 rg BT 440.07 544.25 Td (share ) Tj ET Q q 0 0 0 rg BT 465.05 544.25 Td (being ) Tj ET Q q 0 0 0 rg BT 489.53 544.25 Td (above ) Tj ET Q q 0 0 0 rg BT 516.52 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 531.50 544.25 Td (strike ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 533.45 Td (price, ) Tj ET Q q 0 0 0 rg BT 84.91 533.45 Td (as ) Tj ET Q q 0 0 0 rg BT 98.32 533.45 Td (the ) Tj ET Q q 0 0 0 rg BT 114.73 533.45 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 165.66 533.45 Td (recognized ) Tj ET Q q 0 0 0 rg BT 213.59 533.45 Td (a ) Tj ET Q q 0 0 0 rg BT 222.50 533.45 Td (net ) Tj ET Q q 0 0 0 rg BT 238.91 533.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 258.82 533.45 Td (for ) Tj ET Q q 0 0 0 rg BT 273.22 533.45 Td (the ) Tj ET Q q 0 0 0 rg BT 289.63 533.45 Td (three- ) Tj ET Q q 0 0 0 rg BT 317.05 533.45 Td (and ) Tj ET Q q 0 0 0 rg BT 335.96 533.45 Td (six-month ) Tj ET Q q 0 0 0 rg BT 378.88 533.45 Td (periods ) Tj ET Q q 0 0 0 rg BT 412.30 533.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 441.22 533.45 Td (June ) Tj ET Q q 0 0 0 rg BT 464.64 533.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 481.06 533.45 Td (2012. ) Tj ET Q q 0 0 0 rg BT 507.48 533.45 Td (Convertible ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 522.65 Td (Debentures ) Tj ET Q q 0 0 0 rg BT 107.30 522.65 Td (were ) Tj ET Q q 0 0 0 rg BT 128.57 522.65 Td (non-dilutive, ) Tj ET Q q 0 0 0 rg BT 178.87 522.65 Td (as ) Tj ET Q q 0 0 0 rg BT 190.14 522.65 Td (the ) Tj ET Q q 0 0 0 rg BT 204.42 522.65 Td (average ) Tj ET Q q 0 0 0 rg BT 238.71 522.65 Td (market ) Tj ET Q q 0 0 0 rg BT 267.98 522.65 Td (price ) Tj ET Q q 0 0 0 rg BT 289.25 522.65 Td (of ) Tj ET Q q 0 0 0 rg BT 298.52 522.65 Td (the ) Tj ET Q q 0 0 0 rg BT 312.80 522.65 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 367.81 522.65 Td (common ) Tj ET Q q 0 0 0 rg BT 404.09 522.65 Td (share ) Tj ET Q q 0 0 0 rg BT 428.37 522.65 Td (was ) Tj ET Q q 0 0 0 rg BT 446.14 522.65 Td (below ) Tj ET Q q 0 0 0 rg BT 471.42 522.65 Td (the ) Tj ET Q q 0 0 0 rg BT 485.70 522.65 Td (conversion ) Tj ET Q q 0 0 0 rg BT 530.99 522.65 Td (price. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 511.85 Td (A) Tj ET Q q 0 0 0 rg BT 64.51 511.85 Td ( ) Tj ET Q q 0 0 0 rg BT 67.01 511.85 Td (total ) Tj ET Q q 0 0 0 rg BT 86.52 511.85 Td (of ) Tj ET Q q 0 0 0 rg BT 96.52 511.85 Td (7,558,684 ) Tj ET Q q 0 0 0 rg BT 139.06 511.85 Td (common ) Tj ET Q q 0 0 0 rg BT 176.07 511.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 205.59 511.85 Td (could ) Tj ET Q q 0 0 0 rg BT 229.60 511.85 Td (potentially ) Tj ET Q q 0 0 0 rg BT 272.63 511.85 Td (have ) Tj ET Q q 0 0 0 rg BT 294.65 511.85 Td (been ) Tj ET Q q 0 0 0 rg BT 317.17 511.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 345.69 511.85 Td (on ) Tj ET Q q 0 0 0 rg BT 358.20 511.85 Td (conversion ) Tj ET Q q 0 0 0 rg BT 404.22 511.85 Td (of ) Tj ET Q q 0 0 0 rg BT 414.23 511.85 Td (the ) Tj ET Q q 0 0 0 rg BT 429.24 511.85 Td (convertible ) Tj ET Q q 0 0 0 rg BT 475.26 511.85 Td (debentures. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 490.25 Td (As ) Tj ET Q q 0 0 0 rg BT 72.45 490.25 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 82.91 490.25 Td (June30, ) Tj ET Q q 0 0 0 rg BT 120.38 490.25 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 140.40 490.25 Td (, ) Tj ET Q q 0 0 0 rg BT 145.85 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.31 490.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 211.29 490.25 Td (had ) Tj ET Q q 0 0 0 rg BT 229.25 490.25 Td (a ) Tj ET Q q 0 0 0 rg BT 237.21 490.25 Td (total ) Tj ET Q q 0 0 0 rg BT 257.17 490.25 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 267.62 490.25 Td (94,449,724) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.67 490.25 Td ( ) Tj ET Q q 0 0 0 rg BT 315.61 490.25 Td (common ) Tj ET Q q 0 0 0 rg BT 353.07 490.25 Td (shares, ) Tj ET Q q 0 0 0 rg BT 385.54 490.25 Td (80,500 ) Tj ET Q q 0 0 0 rg BT 416.01 490.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 462.48 490.25 Td (debentures, ) Tj ET Q q 0 0 0 rg BT 512.97 490.25 Td (3,400,000 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 479.45 Td (Series ) Tj ET Q q 0 0 0 rg BT 87.06 479.45 Td (A) Tj ET Q q 0 0 0 rg BT 92.57 479.45 Td ( ) Tj ET Q q 0 0 0 rg BT 95.76 479.45 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 136.46 479.45 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 170.66 479.45 Td (2,000,000 ) Tj ET Q q 0 0 0 rg BT 213.89 479.45 Td (Series ) Tj ET Q q 0 0 0 rg BT 242.58 479.45 Td (C ) Tj ET Q q 0 0 0 rg BT 252.27 479.45 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 292.97 479.45 Td (Shares ) Tj ET Q q 0 0 0 rg BT 324.68 479.45 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 342.88 479.45 Td (2,736,684) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.92 479.45 Td ( ) Tj ET Q q 0 0 0 rg BT 386.10 479.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 410.30 479.45 Td (options ) Tj ET Q q 0 0 0 rg BT 442.50 479.45 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 494.10 479.45 Td (As ) Tj ET Q q 0 0 0 rg BT 507.79 479.45 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.48 479.45 Td (June30, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 468.65 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.02 468.65 Td (, ) Tj ET Q q 0 0 0 rg BT 83.70 468.65 Td (it ) Tj ET Q q 0 0 0 rg BT 90.37 468.65 Td (had ) Tj ET Q q 0 0 0 rg BT 107.56 468.65 Td (81,282,460 ) Tj ET Q q 0 0 0 rg BT 154.78 468.65 Td (common ) Tj ET Q q 0 0 0 rg BT 191.46 468.65 Td (shares, ) Tj ET Q q 0 0 0 rg BT 223.15 468.65 Td (80,500 ) Tj ET Q q 0 0 0 rg BT 252.85 468.65 Td (convertible ) Tj ET Q q 0 0 0 rg BT 298.54 468.65 Td (debentures, ) Tj ET Q q 0 0 0 rg BT 348.25 468.65 Td (3,400,000 ) Tj ET Q q 0 0 0 rg BT 390.46 468.65 Td (Series ) Tj ET Q q 0 0 0 rg BT 417.72 468.65 Td (A) Tj ET Q q 0 0 0 rg BT 423.22 468.65 Td ( ) Tj ET Q q 0 0 0 rg BT 425.40 468.65 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 465.09 468.65 Td (Shares ) Tj ET Q q 0 0 0 rg BT 495.77 468.65 Td (and ) Tj ET Q q 0 0 0 rg BT 512.96 468.65 Td (2,677,444 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 457.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 82.51 457.85 Td (options ) Tj ET Q q 0 0 0 rg BT 114.03 457.85 Td (outstanding. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 436.25 Td (As ) Tj ET Q q 0 0 0 rg BT 73.07 436.25 Td (at ) Tj ET Q q 0 0 0 rg BT 84.14 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.22 436.25 Td (date ) Tj ET Q q 0 0 0 rg BT 121.31 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.38 436.25 Td (this ) Tj ET Q q 0 0 0 rg BT 149.95 436.25 Td (MD&A, ) Tj ET Q q 0 0 0 rg BT 182.02 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.10 436.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 248.69 436.25 Td (had ) Tj ET Q q 0 0 0 rg BT 267.28 436.25 Td (a ) Tj ET Q q 0 0 0 rg BT 275.85 436.25 Td (total ) Tj ET Q q 0 0 0 rg BT 296.43 436.25 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.50 436.25 Td (95,014,255) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 352.55 436.25 Td ( ) Tj ET Q q 0 0 0 rg BT 356.11 436.25 Td (common ) Tj ET Q q 0 0 0 rg BT 394.19 436.25 Td (shares, ) Tj ET Q q 0 0 0 rg BT 427.27 436.25 Td (80,500 ) Tj ET Q q 0 0 0 rg BT 458.37 436.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 505.46 436.25 Td (debentures, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 425.45 Td (3,400,000 ) Tj ET Q q 0 0 0 rg BT 102.21 425.45 Td (Series ) Tj ET Q q 0 0 0 rg BT 130.26 425.45 Td (A) Tj ET Q q 0 0 0 rg BT 135.76 425.45 Td ( ) Tj ET Q q 0 0 0 rg BT 138.93 425.45 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 179.62 425.45 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 213.81 425.45 Td (2,000,000 ) Tj ET Q q 0 0 0 rg BT 257.01 425.45 Td (Series ) Tj ET Q q 0 0 0 rg BT 285.69 425.45 Td (C ) Tj ET Q q 0 0 0 rg BT 295.36 425.45 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 336.05 425.45 Td (Shares ) Tj ET Q q 0 0 0 rg BT 367.73 425.45 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.92 425.45 Td (2,736,684) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.96 425.45 Td ( ) Tj ET Q q 0 0 0 rg BT 429.13 425.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 453.30 425.45 Td (options ) Tj ET Q q 0 0 0 rg BT 485.49 425.45 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 537.50 425.45 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 414.65 Td (increase ) Tj ET Q q 0 0 0 rg BT 95.52 414.65 Td (in ) Tj ET Q q 0 0 0 rg BT 105.02 414.65 Td (the ) Tj ET Q q 0 0 0 rg BT 120.04 414.65 Td (number ) Tj ET Q q 0 0 0 rg BT 153.05 414.65 Td (of ) Tj ET Q q 0 0 0 rg BT 163.06 414.65 Td (common ) Tj ET Q q 0 0 0 rg BT 200.07 414.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 229.58 414.65 Td (since ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 253.09 414.65 Td (June30, ) Tj ET Q q 0 0 0 rg BT 290.12 414.65 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 310.14 414.65 Td (, ) Tj ET Q q 0 0 0 rg BT 315.14 414.65 Td (is ) Tj ET Q q 0 0 0 rg BT 324.14 414.65 Td (attributable ) Tj ET Q q 0 0 0 rg BT 371.17 414.65 Td (to ) Tj ET Q q 0 0 0 rg BT 381.18 414.65 Td (the ) Tj ET Q q 0 0 0 rg BT 396.19 414.65 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 433.71 414.65 Td (Reinvestment ) Tj ET Q q 0 0 0 rg BT 491.24 414.65 Td (Plan ) Tj ET Q q 0 0 0 rg BT 511.75 414.65 Td (\("DRIP"\).) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 393.05 Td (Non-controlling ) Tj ET Q q 0 0 0 rg BT 128.49 393.05 Td (Interests) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 371.45 Td (For ) Tj ET Q q 0 0 0 rg BT 75.27 371.45 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 90.56 371.45 Td (three- ) Tj ET Q q 0 0 0 rg BT 116.84 371.45 Td (and ) Tj ET Q q 0 0 0 rg BT 134.63 371.45 Td (six-month ) Tj ET Q q 0 0 0 rg BT 176.42 371.45 Td (periods ) Tj ET Q q 0 0 0 rg BT 208.71 371.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 236.51 371.45 Td (June ) Tj ET Q q 0 0 0 rg BT 258.80 371.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 274.09 371.45 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.11 371.45 Td (, ) Tj ET Q q 0 0 0 rg BT 299.38 371.45 Td (the ) Tj ET Q q 0 0 0 rg BT 314.67 371.45 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 364.47 371.45 Td (allocated ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 403.27 371.45 Td (earnings) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.79 371.45 Td ( ) Tj ET Q q 0 0 0 rg BT 440.56 371.45 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.84 371.45 Td ($2.7 ) Tj ET Q q 0 0 0 rg BT 471.13 371.45 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.64 371.45 Td ( ) Tj ET Q q 0 0 0 rg BT 499.41 371.45 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.20 371.45 Td (losses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.71 371.45 Td ( ) Tj ET Q q 0 0 0 rg BT 545.49 371.45 Td (of ) Tj ET Q q 0 0 0 rg BT 555.50 371.45 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 360.65 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 79.04 360.65 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 104.55 360.65 Td ( ) Tj ET Q q 0 0 0 rg BT 107.07 360.65 Td (respectively ) Tj ET Q q 0 0 0 rg BT 157.12 360.65 Td (to ) Tj ET Q q 0 0 0 rg BT 167.15 360.65 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 228.71 360.65 Td (interests ) Tj ET Q q 0 0 0 rg BT 265.25 360.65 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 268.24 360.65 Td (losses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 293.75 360.65 Td ( ) Tj ET Q q 0 0 0 rg BT 296.28 360.65 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.31 360.65 Td ($2.8 ) Tj ET Q q 0 0 0 rg BT 326.35 360.65 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 351.86 360.65 Td ( ) Tj ET Q q 0 0 0 rg BT 354.38 360.65 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 371.92 360.65 Td ($3.9 ) Tj ET Q q 0 0 0 rg BT 391.96 360.65 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.47 360.65 Td ( ) Tj ET Q q 0 0 0 rg BT 419.99 360.65 Td (respectively ) Tj ET Q q 0 0 0 rg BT 470.04 360.65 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.57 360.65 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.59 360.65 Td (\). ) Tj ET Q q 0 0 0 rg BT 507.45 360.65 Td (These ) Tj ET Q q 0 0 0 rg BT 534.99 360.65 Td (non-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 349.85 Td (controlling ) Tj ET Q q 0 0 0 rg BT 102.25 349.85 Td (interests ) Tj ET Q q 0 0 0 rg BT 138.50 349.85 Td (are ) Tj ET Q q 0 0 0 rg BT 153.74 349.85 Td (related ) Tj ET Q q 0 0 0 rg BT 183.48 349.85 Td (mostly ) Tj ET Q q 0 0 0 rg BT 211.72 349.85 Td (to ) Tj ET Q q 0 0 0 rg BT 221.45 349.85 Td (the ) Tj ET Q q 0 0 0 rg BT 236.20 349.85 Td (six ) Tj ET Q q 0 0 0 rg BT 249.43 349.85 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 302.68 349.85 Td (facilities ) Tj ET Q q 0 0 0 rg BT 336.92 349.85 Td (\("Harrison ) Tj ET Q q 0 0 0 rg BT 379.35 349.85 Td (Operating ) Tj ET Q q 0 0 0 rg BT 421.10 349.85 Td (Facilities"\) ) Tj ET Q q 0 0 0 rg BT 464.53 349.85 Td (acquired ) Tj ET Q q 0 0 0 rg BT 501.29 349.85 Td (as ) Tj ET Q q 0 0 0 rg BT 513.02 349.85 Td (part ) Tj ET Q q 0 0 0 rg BT 530.76 349.85 Td (of ) Tj ET Q q 0 0 0 rg BT 540.50 349.85 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 339.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 103.59 339.05 Td (of ) Tj ET Q q 0 0 0 rg BT 113.16 339.05 Td (Cloudworks ) Tj ET Q q 0 0 0 rg BT 162.24 339.05 Td (Energy ) Tj ET Q q 0 0 0 rg BT 192.82 339.05 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 211.89 339.05 Td (the ) Tj ET Q q 0 0 0 rg BT 226.47 339.05 Td (Fitzsimmons ) Tj ET Q q 0 0 0 rg BT 279.04 339.05 Td (Creek ) Tj ET Q q 0 0 0 rg BT 305.11 339.05 Td (Operating ) Tj ET Q q 0 0 0 rg BT 346.70 339.05 Td (Facility) Tj ET Q q 0 0 0 rg BT 374.03 339.05 Td (, ) Tj ET Q q 0 0 0 rg BT 378.60 339.05 Td (and ) Tj ET Q q 0 0 0 rg BT 395.68 339.05 Td (the ) Tj ET Q q 0 0 0 rg BT 410.25 339.05 Td (Kwoiek ) Tj ET Q q 0 0 0 rg BT 441.33 339.05 Td (Creek ) Tj ET Q q 0 0 0 rg BT 467.40 339.05 Td (Development ) Tj ET Q q 0 0 0 rg BT 522.49 339.05 Td (Project. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 328.25 Td (Please ) Tj ET Q q 0 0 0 rg BT 89.02 328.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 110.02 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 120.03 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.04 328.25 Td ("Non-Wholly ) Tj ET Q q 0 0 0 rg BT 187.25 328.25 Td (Owned ) Tj ET Q q 0 0 0 rg BT 218.27 328.25 Td (Subsidiaries" ) Tj ET Q q 0 0 0 rg BT 272.99 328.25 Td (section ) Tj ET Q q 0 0 0 rg BT 304.00 328.25 Td (for ) Tj ET Q q 0 0 0 rg BT 317.01 328.25 Td (more ) Tj ET Q q 0 0 0 rg BT 340.01 328.25 Td (information.) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 19) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 694.00 Td (LIQUIDITY) Tj ET Q q 0.2 0 0.6 rg BT 113.19 694.00 Td ( ) Tj ET Q q 0.2 0 0.6 rg BT 115.84 694.00 Td (AND CAPIT) Tj ET Q q 0.2 0 0.6 rg BT 174.91 694.00 Td (AL) Tj ET Q q 0.2 0 0.6 rg BT 189.37 694.00 Td ( RESOURCES ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 671.20 Td (For ) Tj ET Q q 0.2 0 0.6 rg BT 76.63 671.20 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 93.16 671.20 Td (six-month ) Tj ET Q q 0.2 0 0.6 rg BT 139.13 671.20 Td (period ) Tj ET Q q 0.2 0 0.6 rg BT 169.56 671.20 Td (ended ) Tj ET Q q 0.2 0 0.6 rg BT 200.00 671.20 Td (June ) Tj ET Q q 0.2 0 0.6 rg BT 224.31 671.20 Td (30, ) Tj ET Q q 0.2 0 0.6 rg BT 240.84 671.20 Td (2013, ) Tj ET Q q 0.2 0 0.6 rg BT 268.49 671.20 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 285.02 671.20 Td (Corporation ) Tj ET Q q 0.2 0 0.6 rg BT 339.90 671.20 Td (generated ) Tj ET Q q 0.2 0 0.6 rg BT 387.57 671.20 Td (cash ) Tj ET Q q 0.2 0 0.6 rg BT 411.32 671.20 Td (flows ) Tj ET Q q 0.2 0 0.6 rg BT 436.74 671.20 Td (from ) Tj ET Q q 0.2 0 0.6 rg BT 459.36 671.20 Td (operating ) Tj ET Q q 0.2 0 0.6 rg BT 503.69 671.20 Td (activities ) Tj ET Q q 0.2 0 0.6 rg BT 544.67 671.20 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 659.20 Td ($48.0 ) Tj ET Q q 0.2 0 0.6 rg BT 85.75 659.20 Td (million, ) Tj ET Q q 0.2 0 0.6 rg BT 118.59 659.20 Td (compared ) Tj ET Q q 0.2 0 0.6 rg BT 164.78 659.20 Td (with ) Tj ET Q q 0.2 0 0.6 rg BT 184.28 659.20 Td ($32.0 ) Tj ET Q q 0.2 0 0.6 rg BT 211.03 659.20 Td (million ) Tj ET Q q 0.2 0 0.6 rg BT 241.09 659.20 Td (for ) Tj ET Q q 0.2 0 0.6 rg BT 254.49 659.20 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 270.11 659.20 Td (same ) Tj ET Q q 0.2 0 0.6 rg BT 296.29 659.20 Td (period ) Tj ET Q q 0.2 0 0.6 rg BT 325.81 659.20 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 341.43 659.20 Td (previous ) Tj ET Q q 0.2 0 0.6 rg BT 380.95 659.20 Td (year) Tj ET Q q 0.2 0 0.6 rg BT 399.85 659.20 Td (. ) Tj ET Q q 0.2 0 0.6 rg BT 404.35 659.20 Td (During ) Tj ET Q q 0.2 0 0.6 rg BT 435.53 659.20 Td (this ) Tj ET Q q 0.2 0 0.6 rg BT 452.82 659.20 Td (period, ) Tj ET Q q 0.2 0 0.6 rg BT 485.12 659.20 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 500.74 659.20 Td (Corporation ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 647.20 Td (generated ) Tj ET Q q 0.2 0 0.6 rg BT 107.02 647.20 Td (funds ) Tj ET Q q 0.2 0 0.6 rg BT 134.46 647.20 Td (from ) Tj ET Q q 0.2 0 0.6 rg BT 157.43 647.20 Td (financing ) Tj ET Q q 0.2 0 0.6 rg BT 200.44 647.20 Td (activities ) Tj ET Q q 0.2 0 0.6 rg BT 241.76 647.20 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 253.08 647.20 Td ($16.9 ) Tj ET Q q 0.2 0 0.6 rg BT 281.08 647.20 Td (million ) Tj ET Q q 0.2 0 0.6 rg BT 312.39 647.20 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 332.05 647.20 Td (used ) Tj ET Q q 0.2 0 0.6 rg BT 356.71 647.20 Td (funds ) Tj ET Q q 0.2 0 0.6 rg BT 384.15 647.20 Td (for ) Tj ET Q q 0.2 0 0.6 rg BT 398.80 647.20 Td (investing ) Tj ET Q q 0.2 0 0.6 rg BT 441.25 647.20 Td (activities ) Tj ET Q q 0.2 0 0.6 rg BT 482.57 647.20 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 493.88 647.20 Td ($78.4 ) Tj ET Q q 0.2 0 0.6 rg BT 521.88 647.20 Td (million, ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 635.20 Td (mainly ) Tj ET Q q 0.2 0 0.6 rg BT 90.84 635.20 Td (to ) Tj ET Q q 0.2 0 0.6 rg BT 102.13 635.20 Td (pay ) Tj ET Q q 0.2 0 0.6 rg BT 121.20 635.20 Td (for ) Tj ET Q q 0.2 0 0.6 rg BT 135.81 635.20 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 152.66 635.20 Td (construction ) Tj ET Q q 0.2 0 0.6 rg BT 209.52 635.20 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 220.80 635.20 Td (three ) Tj ET Q q 0.2 0 0.6 rg BT 246.54 635.20 Td (projects ) Tj ET Q q 0.2 0 0.6 rg BT 284.50 635.20 Td (scheduled ) Tj ET Q q 0.2 0 0.6 rg BT 333.04 635.20 Td (to ) Tj ET Q q 0.2 0 0.6 rg BT 344.32 635.20 Td (begin ) Tj ET Q q 0.2 0 0.6 rg BT 371.74 635.20 Td (commercial ) Tj ET Q q 0.2 0 0.6 rg BT 425.80 635.20 Td (operation ) Tj ET Q q 0.2 0 0.6 rg BT 470.44 635.20 Td (later ) Tj ET Q q 0.2 0 0.6 rg BT 492.84 635.20 Td (this ) Tj ET Q q 0.2 0 0.6 rg BT 511.35 635.20 Td (year) Tj ET Q q 0.2 0 0.6 rg BT 530.25 635.20 Td (. ) Tj ET Q q 0.2 0 0.6 rg BT 535.78 635.20 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 623.20 Td (dif) Tj ET Q q 0.2 0 0.6 rg BT 69.38 623.20 Td (ference ) Tj ET Q q 0.2 0 0.6 rg BT 105.06 623.20 Td (between ) Tj ET Q q 0.2 0 0.6 rg BT 145.19 623.20 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 161.41 623.20 Td (inflow ) Tj ET Q q 0.2 0 0.6 rg BT 189.30 623.20 Td (from ) Tj ET Q q 0.2 0 0.6 rg BT 211.62 623.20 Td (financing ) Tj ET Q q 0.2 0 0.6 rg BT 253.97 623.20 Td (activities ) Tj ET Q q 0.2 0 0.6 rg BT 294.64 623.20 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 313.65 623.20 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 329.87 623.20 Td (outflow ) Tj ET Q q 0.2 0 0.6 rg BT 363.88 623.20 Td (from ) Tj ET Q q 0.2 0 0.6 rg BT 386.20 623.20 Td (investing ) Tj ET Q q 0.2 0 0.6 rg BT 427.99 623.20 Td (activities ) Tj ET Q q 0.2 0 0.6 rg BT 468.66 623.20 Td (is ) Tj ET Q q 0.2 0 0.6 rg BT 478.20 623.20 Td (due ) Tj ET Q q 0.2 0 0.6 rg BT 497.21 623.20 Td (mainly ) Tj ET Q q 0.2 0 0.6 rg BT 528.43 623.20 Td (to ) Tj ET Q q 0.2 0 0.6 rg BT 539.09 623.20 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 611.20 Td (Corporation ) Tj ET Q q 0.2 0 0.6 rg BT 115.71 611.20 Td (pre-financing ) Tj ET Q q 0.2 0 0.6 rg BT 177.98 611.20 Td (its ) Tj ET Q q 0.2 0 0.6 rg BT 192.44 611.20 Td (capital ) Tj ET Q q 0.2 0 0.6 rg BT 225.80 611.20 Td (expenditure ) Tj ET Q q 0.2 0 0.6 rg BT 282.52 611.20 Td (investments ) Tj ET Q q 0.2 0 0.6 rg BT 340.33 611.20 Td (in ) Tj ET Q q 0.2 0 0.6 rg BT 352.57 611.20 Td (previous ) Tj ET Q q 0.2 0 0.6 rg BT 394.83 611.20 Td (quarters. ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 437.87 611.20 Td (As ) Tj ET Q q 0.2 0 0.6 rg BT 453.99 611.20 Td (at ) Tj ET Q q 0.2 0 0.6 rg BT 466.79 611.20 Td (June30, ) Tj ET Q q 0.2 0 0.6 rg BT 509.61 611.20 Td (2013, ) Tj ET Q q 0.2 0 0.6 rg BT 539.10 611.20 Td (the ) Tj ET Q BT /F3 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Td (activities ) Tj ET Q q 0 0 0 rg BT 416.85 541.60 Td (totalled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.73 541.60 Td ($48.0 ) Tj ET Q q 0 0 0 rg BT 472.11 541.60 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.62 541.60 Td ( ) Tj ET Q q 0 0 0 rg BT 499.47 541.60 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.47 541.60 Td ($32.0million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.00 541.60 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 530.80 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.63 530.80 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.65 530.80 Td (\). ) Tj ET Q q 0 0 0 rg BT 94.67 530.80 Td (This ) Tj ET Q q 0 0 0 rg BT 113.30 530.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 148.95 530.80 Td (is ) Tj ET Q q 0 0 0 rg BT 157.08 530.80 Td (due ) Tj ET Q q 0 0 0 rg BT 173.72 530.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 209.35 530.80 Td (to ) Tj ET Q q 0 0 0 rg BT 218.48 530.80 Td (a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 225.11 530.80 Td 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Td (operating ) Tj ET Q q 0 0 0 rg BT 148.06 520.00 Td (working ) Tj ET Q q 0 0 0 rg BT 181.57 520.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 210.09 520.00 Td (items.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 497.20 Td (Cash ) Tj ET Q q 0.2 0 0.6 rg BT 86.23 497.20 Td (Flows ) Tj ET Q q 0.2 0 0.6 rg BT 117.34 497.20 Td (from ) Tj ET Q q 0.2 0 0.6 rg BT 142.34 497.20 Td (Financing ) Tj ET Q q 0.2 0 0.6 rg BT 191.97 497.20 Td (Activities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 474.40 Td (For ) Tj ET Q q 0 0 0 rg BT 74.45 474.40 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 88.91 474.40 Td (six-month ) Tj ET Q q 0 0 0 rg BT 129.88 474.40 Td (period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.89 474.40 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 156.84 474.40 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 183.82 474.40 Td (June30, ) Tj ET Q q 0 0 0 rg BT 220.30 474.40 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 240.32 474.40 Td (, ) Tj ET Q q 0 0 0 rg BT 244.77 474.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 265.74 474.40 Td (flows ) Tj ET Q q 0 0 0 rg BT 288.19 474.40 Td (generated ) Tj ET Q q 0 0 0 rg BT 330.68 474.40 Td (by ) Tj ET Q q 0 0 0 rg BT 342.13 474.40 Td (financing ) Tj ET Q q 0 0 0 rg BT 380.11 474.40 Td (activities ) Tj ET Q q 0 0 0 rg BT 416.57 474.40 Td (totalled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.55 474.40 Td ($16.9 ) Tj ET Q q 0 0 0 rg BT 472.02 474.40 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.53 474.40 Td ( ) Tj ET Q q 0 0 0 rg BT 499.48 474.40 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.47 474.40 Td ($31.6million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.00 474.40 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 463.60 Td (generated ) Tj ET Q q 0 0 0 rg BT 103.27 463.60 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 114.02 463.60 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 134.04 463.60 Td (\). ) Tj ET Q q 0 0 0 rg BT 143.03 463.60 Td (This ) Tj ET Q q 0 0 0 rg BT 163.77 463.60 Td (results ) Tj ET Q q 0 0 0 rg BT 194.02 463.60 Td (mainly ) Tj ET Q q 0 0 0 rg BT 223.76 463.60 Td (from ) Tj ET Q q 0 0 0 rg BT 245.50 463.60 Td (a ) Tj ET Q q 0 0 0 rg BT 254.25 463.60 Td (smaller ) Tj ET Q q 0 0 0 rg BT 286.99 463.60 Td (net ) Tj ET Q q 0 0 0 rg BT 303.24 463.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 340.99 463.60 Td (in ) Tj ET Q q 0 0 0 rg BT 351.74 463.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 393.49 463.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 414.74 463.60 Td (\(net ) Tj ET Q q 0 0 0 rg BT 433.99 463.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 471.75 463.60 Td (in ) Tj ET Q q 0 0 0 rg BT 482.49 463.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 524.24 463.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 545.49 463.60 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 452.80 Td ($39.9million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.53 452.80 Td ( ) Tj ET Q q 0 0 0 rg BT 111.57 452.80 Td (for ) Tj ET Q q 0 0 0 rg BT 124.11 452.80 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 138.66 452.80 Td (six-month ) Tj ET Q q 0 0 0 rg BT 179.70 452.80 Td (period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 204.72 452.80 Td ( ) Tj ET Q q 0 0 0 rg BT 206.76 452.80 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 233.82 452.80 Td (June30, ) Tj ET Q q 0 0 0 rg BT 270.39 452.80 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 290.41 452.80 Td (, ) Tj ET Q q 0 0 0 rg BT 294.95 452.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 337.01 452.80 Td ( ) Tj ET Q q 0 0 0 rg BT 339.04 452.80 Td (with ) Tj ET Q q 0 0 0 rg BT 357.09 452.80 Td (a ) Tj ET Q q 0 0 0 rg BT 364.13 452.80 Td (net ) Tj ET Q q 0 0 0 rg BT 378.68 452.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 414.73 452.80 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.28 452.80 Td ($57.3million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.81 452.80 Td ( ) Tj ET Q q 0 0 0 rg BT 476.84 452.80 Td (for ) Tj ET Q q 0 0 0 rg BT 489.38 452.80 Td (the ) Tj ET Q q 0 0 0 rg BT 503.93 452.80 Td (same ) Tj ET Q q 0 0 0 rg BT 527.98 452.80 Td (period ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 442.00 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.91 442.00 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.93 442.00 Td (\), ) Tj ET Q q 0 0 0 rg BT 95.33 442.00 Td (partly ) Tj ET Q q 0 0 0 rg BT 119.23 442.00 Td (of) Tj ET Q q 0 0 0 rg BT 126.58 442.00 Td (fset ) Tj ET Q q 0 0 0 rg BT 142.98 442.00 Td (by ) Tj ET Q q 0 0 0 rg BT 154.39 442.00 Td (a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 161.30 442.00 Td ($3.1 ) Tj ET Q q 0 0 0 rg BT 180.71 442.00 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 206.22 442.00 Td ( ) Tj ET Q q 0 0 0 rg BT 208.12 442.00 Td (net ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 222.53 442.00 Td (decrease) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 259.56 442.00 Td ( ) Tj ET Q q 0 0 0 rg BT 261.46 442.00 Td (in ) Tj ET Q q 0 0 0 rg BT 270.36 442.00 Td (dividends ) Tj ET Q q 0 0 0 rg BT 310.29 442.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 329.21 442.00 Td (to ) Tj ET Q q 0 0 0 rg BT 338.61 442.00 Td (preferred ) Tj ET Q q 0 0 0 rg BT 377.03 442.00 Td (and ) Tj ET Q q 0 0 0 rg BT 393.95 442.00 Td (common ) Tj ET Q q 0 0 0 rg BT 430.36 442.00 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 486.67 442.00 Td (The ) Tj ET Q q 0 0 0 rg BT 504.08 442.00 Td (total ) Tj ET Q q 0 0 0 rg BT 522.99 442.00 Td (amount ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 431.20 Td (of ) Tj ET Q q 0 0 0 rg BT 69.21 431.20 Td (dividends ) Tj ET Q q 0 0 0 rg BT 109.95 431.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 129.67 431.20 Td (to ) Tj ET Q q 0 0 0 rg BT 139.88 431.20 Td (common ) Tj ET Q q 0 0 0 rg BT 177.10 431.20 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 231.84 431.20 Td (decreased ) Tj ET Q q 0 0 0 rg BT 276.57 431.20 Td (as ) Tj ET Q q 0 0 0 rg BT 288.79 431.20 Td (a ) Tj ET Q q 0 0 0 rg BT 296.50 431.20 Td (result ) Tj ET Q q 0 0 0 rg BT 321.21 431.20 Td (of ) Tj ET Q q 0 0 0 rg BT 331.43 431.20 Td (the ) Tj ET Q q 0 0 0 rg BT 346.64 431.20 Td (implementation ) Tj ET Q q 0 0 0 rg BT 410.38 431.20 Td (of ) Tj ET Q q 0 0 0 rg BT 420.60 431.20 Td (the ) Tj ET Q q 0 0 0 rg BT 435.81 431.20 Td (dividend ) Tj ET Q q 0 0 0 rg BT 472.05 431.20 Td (reinvestment ) Tj ET Q q 0 0 0 rg BT 526.27 431.20 Td (plan ) Tj ET Q q 0 0 0 rg BT 546.00 431.20 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 420.40 Td (August ) Tj ET Q q 0 0 0 rg BT 89.73 420.40 Td (2012, ) Tj ET Q q 0 0 0 rg BT 114.96 420.40 Td (while ) Tj ET Q q 0 0 0 rg BT 138.17 420.40 Td (the ) Tj ET Q q 0 0 0 rg BT 153.39 420.40 Td (dividends ) Tj ET Q q 0 0 0 rg BT 194.12 420.40 Td (paid ) Tj ET Q q 0 0 0 rg BT 213.85 420.40 Td (to ) Tj ET Q q 0 0 0 rg BT 224.06 420.40 Td (preferred ) Tj ET Q q 0 0 0 rg BT 263.28 420.40 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 318.02 420.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 359.75 420.40 Td (as ) Tj ET Q q 0 0 0 rg BT 371.97 420.40 Td (a ) Tj ET Q q 0 0 0 rg BT 379.68 420.40 Td (result ) Tj ET Q q 0 0 0 rg BT 404.39 420.40 Td (of ) Tj ET Q q 0 0 0 rg BT 414.61 420.40 Td (the ) Tj ET Q q 0 0 0 rg BT 429.82 420.40 Td (issuance ) Tj ET Q q 0 0 0 rg BT 468.05 420.40 Td (of ) Tj ET Q q 0 0 0 rg BT 478.26 420.40 Td (SeriesC ) Tj ET Q q 0 0 0 rg BT 515.48 420.40 Td (Preferred ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 409.60 Td (Shares ) Tj ET Q q 0 0 0 rg BT 90.02 409.60 Td (in ) Tj ET Q q 0 0 0 rg BT 99.52 409.60 Td (December ) Tj ET Q q 0 0 0 rg BT 143.54 409.60 Td (2012.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 386.80 Td (Use ) Tj ET Q q 0 0 0 rg BT 78.01 386.80 Td (of ) Tj ET Q q 0 0 0 rg BT 89.01 386.80 Td (Financing ) Tj ET Q q 0 0 0 rg BT 134.01 386.80 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 177.03 386.80 Td ( ) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 59.50 376.30 295.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 354.50 376.30 99.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 453.50 376.30 100.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 354.50 361.30 99.00 -26.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 354.50 335.30 99.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 354.50 323.30 99.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 354.50 311.30 99.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 354.50 299.30 99.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 354.50 287.30 99.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 354.50 275.30 99.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 354.50 263.30 99.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 354.50 251.30 99.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 354.50 239.30 99.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 354.50 227.30 99.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 354.50 215.30 99.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 354.50 203.30 99.00 -12.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 354.50 191.30 99.00 -26.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59.5 361.29999999999995 m 354.5 361.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 361.29999999999995 m 453.5 361.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 361.29999999999995 m 553.5 361.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59.5 203.29999999999995 m 354.5 203.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 203.29999999999995 m 453.5 203.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 203.29999999999995 m 553.5 203.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59.5 191.29999999999995 m 354.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 191.29999999999995 m 453.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 191.29999999999995 m 553.5 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59.5 166.29999999999995 m 354.5 166.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59.5 164.29999999999995 m 354.5 164.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 166.29999999999995 m 453.5 166.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 164.29999999999995 m 453.5 164.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 166.29999999999995 m 553.5 166.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 164.29999999999995 m 553.5 164.29999999999995 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 62.00 365.70 Td (For the six-month periods ended June 30) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 393.45 365.70 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 492.95 365.70 Td (2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 68.00 339.70 Td (Proceeds from issuance of long-term debt) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 405.45 339.70 Td (121,414) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.45 339.70 Td (88,752) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 68.00 314.25 Td (Repayment of long-term debt) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 407.45 314.25 Td (\(78,767) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.00 314.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.45 314.25 Td (\(31,120) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.00 314.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 68.00 302.25 Td (Payment of deferred financing costs) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 412.45 302.25 Td (\(2,746) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.00 302.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.95 302.25 Td (\(326) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.00 302.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 68.00 290.25 Td (Payment of Series C Preferred Shares issuance costs) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 419.95 290.25 Td (\(353) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.00 290.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 68.00 278.25 Td (Net funds \(invested into\) withdrawn from the reserves) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 424.95 278.25 Td (\(73) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.00 278.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.95 278.25 Td (201) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 68.00 266.25 Td (Additions to property, plant and equipment) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 407.45 266.25 Td (\(51,811) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.00 266.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.45 266.25 Td (\(76,081) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.00 266.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 68.00 254.25 Td (Additions to intangible assets) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 424.95 254.25 Td (\(28) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.00 254.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.95 254.25 Td (\(335) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.00 254.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 68.00 242.25 Td (Additions to project development costs) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 407.45 242.25 Td (\(10,229) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.00 242.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.45 242.25 Td (\(1,936) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.00 242.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 68.00 230.25 Td (Investments in joint ventures) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 412.45 230.25 Td (\(5,484) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.00 230.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.95 230.25 Td (\(100) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.00 230.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 68.00 218.25 Td (Loans to related parties) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 407.45 218.25 Td (\(13,452) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.00 218.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.00 218.25 Td () Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 68.00 206.25 Td (Additions to to other long-term assets) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 419.95 206.25 Td (\(186) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.00 206.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.95 206.25 Td (\(171) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.00 206.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 194.25 Td (Use of financing proceeds) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 402.45 194.25 Td (\(163,129) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.00 194.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.45 194.25 Td (\(109,868) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.00 194.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 68.00 169.70 Td (Reduction of working capital) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 407.45 169.70 Td (\(41,715) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.00 169.70 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.45 169.70 Td (\(21,116) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.00 169.70 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 143.00 Td (During ) Tj ET Q q 0 0 0 rg BT 86.99 143.00 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 100.99 143.00 Td (six-month ) Tj ET Q q 0 0 0 rg BT 141.48 143.00 Td (period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.50 143.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 167.98 143.00 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 194.49 143.00 Td (June30, ) Tj ET Q q 0 0 0 rg BT 230.50 143.00 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 250.52 143.00 Td (, ) Tj ET Q q 0 0 0 rg BT 254.50 143.00 Td (the ) Tj ET Q q 0 0 0 rg BT 268.50 143.00 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 317.01 143.00 Td (borrowed ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 356.01 143.00 Td ($121.4million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 411.54 143.00 Td ( ) Tj ET Q q 0 0 0 rg BT 413.03 143.00 Td (and ) Tj ET Q q 0 0 0 rg BT 429.52 143.00 Td (used ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.52 143.00 Td ($41.7million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.05 143.00 Td ( ) Tj ET Q q 0 0 0 rg BT 502.53 143.00 Td (of ) Tj ET Q q 0 0 0 rg BT 511.52 143.00 Td (its ) Tj ET Q q 0 0 0 rg BT 522.00 143.00 Td (working ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 132.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 86.61 132.20 Td (to ) Tj ET Q q 0 0 0 rg BT 95.72 132.20 Td (pay ) Tj ET Q q 0 0 0 rg BT 111.83 132.20 Td (for ) Tj ET Q q 0 0 0 rg BT 123.93 132.20 Td (the ) Tj ET Q q 0 0 0 rg BT 138.04 132.20 Td (construction ) Tj ET Q q 0 0 0 rg BT 188.16 132.20 Td (of ) Tj ET Q q 0 0 0 rg BT 197.26 132.20 Td (the ) Tj ET Q q 0 0 0 rg BT 211.37 132.20 Td (Kwoiek ) Tj ET Q q 0 0 0 rg BT 241.98 132.20 Td (Creek ) Tj ET Q q 0 0 0 rg BT 267.59 132.20 Td (and ) Tj ET Q q 0 0 0 rg BT 284.20 132.20 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 326.31 132.20 Td (Stave ) Tj ET Q q 0 0 0 rg BT 350.93 132.20 Td (River ) Tj ET Q q 0 0 0 rg BT 373.53 132.20 Td (projects, ) Tj ET Q q 0 0 0 rg BT 409.14 132.20 Td (for ) Tj ET Q q 0 0 0 rg BT 421.24 132.20 Td (the ) Tj ET Q q 0 0 0 rg BT 435.35 132.20 Td (pre-construction ) Tj ET Q q 0 0 0 rg BT 501.48 132.20 Td (development ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 121.40 Td (of ) Tj ET Q q 0 0 0 rg BT 68.78 121.40 Td (the ) Tj ET Q q 0 0 0 rg BT 83.57 121.40 Td (Upper ) Tj ET Q q 0 0 0 rg BT 110.36 121.40 Td (Lillooet, ) Tj ET Q q 0 0 0 rg BT 143.65 121.40 Td (Boulder ) Tj ET Q q 0 0 0 rg BT 176.95 121.40 Td (Creek, ) Tj ET Q q 0 0 0 rg BT 205.59 121.40 Td (T) Tj ET Q q 0 0 0 rg BT 210.75 121.40 Td (retheway ) Tj ET Q q 0 0 0 rg BT 249.54 121.40 Td (Creek ) Tj ET Q q 0 0 0 rg BT 275.83 121.40 Td (and ) Tj ET Q q 0 0 0 rg BT 293.12 121.40 Td (Big ) Tj ET Q q 0 0 0 rg BT 308.40 121.40 Td (Silver ) Tj ET Q q 0 0 0 rg BT 333.18 121.40 Td (Creek ) Tj ET Q q 0 0 0 rg BT 359.47 121.40 Td (projects, ) Tj ET Q q 0 0 0 rg BT 395.76 121.40 Td (to ) Tj ET Q q 0 0 0 rg BT 405.54 121.40 Td (provide ) Tj ET Q q 0 0 0 rg BT 437.33 121.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 458.62 121.40 Td (advances ) Tj ET Q q 0 0 0 rg BT 499.42 121.40 Td (and ) Tj ET Q q 0 0 0 rg BT 516.71 121.40 Td (an ) Tj ET Q q 0 0 0 rg BT 529.00 121.40 Td (equity ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 110.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 105.46 110.60 Td (to ) Tj ET Q q 0 0 0 rg BT 115.90 110.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.35 110.60 Td (V) Tj ET Q q 0 0 0 rg BT 137.19 110.60 Td (iger-Denonville ) Tj ET Q q 0 0 0 rg BT 200.15 110.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 219.60 110.60 Td (venture, ) Tj ET Q q 0 0 0 rg BT 255.05 110.60 Td (to ) Tj ET Q q 0 0 0 rg BT 265.50 110.60 Td (repay ) Tj ET Q q 0 0 0 rg BT 290.95 110.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 331.90 110.60 Td (debts ) Tj ET Q q 0 0 0 rg BT 356.85 110.60 Td (and ) Tj ET Q q 0 0 0 rg BT 374.80 110.60 Td (to ) Tj ET Q q 0 0 0 rg BT 385.24 110.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 415.70 110.60 Td (drawings ) Tj ET Q q 0 0 0 rg BT 454.65 110.60 Td (under ) Tj ET Q q 0 0 0 rg BT 480.61 110.60 Td (the ) Tj ET Q q 0 0 0 rg BT 496.06 110.60 Td (revolving ) Tj ET Q q 0 0 0 rg BT 535.01 110.60 Td (term ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 99.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 83.81 99.80 Td (facility) Tj ET Q q 0 0 0 rg BT 108.15 99.80 Td (. ) Tj ET Q q 0 0 0 rg BT 113.46 99.80 Td (During ) Tj ET Q q 0 0 0 rg BT 142.77 99.80 Td (the ) Tj ET Q q 0 0 0 rg BT 158.09 99.80 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 217.93 99.80 Td (period ) Tj ET Q q 0 0 0 rg BT 245.76 99.80 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.07 99.80 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 276.09 99.80 Td (, ) Tj ET Q q 0 0 0 rg BT 281.40 99.80 Td (the ) Tj ET Q q 0 0 0 rg BT 296.71 99.80 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 346.54 99.80 Td (borrowed ) Tj ET Q q 0 0 0 rg BT 386.87 99.80 Td ($88.8million ) Tj ET Q q 0 0 0 rg BT 440.21 99.80 Td (and ) Tj ET Q q 0 0 0 rg BT 458.03 99.80 Td (used ) Tj ET Q q 0 0 0 rg BT 480.35 99.80 Td ($21.7million ) Tj ET Q q 0 0 0 rg BT 533.68 99.80 Td (of ) Tj ET Q q 0 0 0 rg BT 543.99 99.80 Td (its ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 89.00 Td (working ) Tj ET Q q 0 0 0 rg BT 93.08 89.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 122.16 89.00 Td (to ) Tj ET Q q 0 0 0 rg BT 132.74 89.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 150.32 89.00 Td (for ) Tj ET Q q 0 0 0 rg BT 163.89 89.00 Td (the ) Tj ET Q q 0 0 0 rg BT 179.47 89.00 Td (construction ) Tj ET Q q 0 0 0 rg BT 231.06 89.00 Td (of ) Tj ET Q q 0 0 0 rg BT 241.64 89.00 Td (the ) Tj ET Q q 0 0 0 rg BT 257.22 89.00 Td (Kwoiek ) Tj ET Q q 0 0 0 rg BT 289.30 89.00 Td (Creek, ) Tj ET Q q 0 0 0 rg BT 318.87 89.00 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 362.45 89.00 Td (Stave ) Tj ET Q q 0 0 0 rg BT 388.54 89.00 Td (River ) Tj ET Q q 0 0 0 rg BT 412.61 89.00 Td (and ) Tj ET Q q 0 0 0 rg BT 430.69 89.00 Td (Gros-Morne ) Tj ET Q q 0 0 0 rg BT 481.77 89.00 Td (II ) Tj ET Q q 0 0 0 rg BT 489.84 89.00 Td (projects, ) Tj ET Q q 0 0 0 rg BT 526.92 89.00 Td (for ) Tj ET Q q 0 0 0 rg BT 540.49 89.00 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 78.20 Td (construction ) Tj ET Q q 0 0 0 rg BT 110.02 78.20 Td (of ) Tj ET Q q 0 0 0 rg BT 120.03 78.20 Td (Stardale ) Tj ET Q q 0 0 0 rg BT 156.05 78.20 Td (and ) Tj ET Q q 0 0 0 rg BT 173.57 78.20 Td (to ) Tj ET Q q 0 0 0 rg BT 183.58 78.20 Td (repay ) Tj ET Q q 0 0 0 rg BT 208.59 78.20 Td (the ) Tj ET Q q 0 0 0 rg BT 223.60 78.20 Td (Glen ) Tj ET Q q 0 0 0 rg BT 245.11 78.20 Td (Miller ) Tj ET Q q 0 0 0 rg BT 269.11 78.20 Td (long-term ) Tj ET Q q 0 0 0 rg BT 309.62 78.20 Td (debt.) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 20) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 694.75 Td (Cash ) Tj ET Q q 0.2 0 0.6 rg BT 86.23 694.75 Td (Flows ) Tj ET Q q 0.2 0 0.6 rg BT 117.34 694.75 Td (from ) Tj ET Q q 0.2 0 0.6 rg BT 142.34 694.75 Td (Investing ) Tj ET Q q 0.2 0 0.6 rg BT 188.65 694.75 Td (Activities) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 671.95 Td (For ) Tj ET Q q 0 0 0 rg BT 74.48 671.95 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 88.98 671.95 Td (six-month ) Tj ET Q q 0 0 0 rg BT 129.97 671.95 Td (period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.99 671.95 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 156.97 671.95 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 183.98 671.95 Td (June30, ) Tj ET Q q 0 0 0 rg BT 220.49 671.95 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 240.51 671.95 Td (, ) Tj ET Q q 0 0 0 rg BT 245.00 671.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 265.99 671.95 Td (flows ) Tj ET Q q 0 0 0 rg BT 288.48 671.95 Td (used ) Tj ET Q q 0 0 0 rg BT 309.98 671.95 Td (by ) Tj ET Q q 0 0 0 rg BT 321.46 671.95 Td (investing ) Tj ET Q q 0 0 0 rg BT 358.97 671.95 Td (activities ) Tj ET Q q 0 0 0 rg BT 395.46 671.95 Td (amounted ) Tj ET Q q 0 0 0 rg BT 437.47 671.95 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.96 671.95 Td ($78.4million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.49 671.95 Td ( ) Tj ET Q q 0 0 0 rg BT 499.47 671.95 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.47 671.95 Td ($39.9million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.00 671.95 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 661.15 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.06 661.15 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 89.08 661.15 Td (\). ) Tj ET Q q 0 0 0 rg BT 97.64 661.15 Td (During ) Tj ET Q q 0 0 0 rg BT 127.20 661.15 Td (this ) Tj ET Q q 0 0 0 rg BT 144.27 661.15 Td (period, ) Tj ET Q q 0 0 0 rg BT 174.84 661.15 Td (additions ) Tj ET Q q 0 0 0 rg BT 213.92 661.15 Td (to ) Tj ET Q q 0 0 0 rg BT 224.49 661.15 Td (property) Tj ET Q q 0 0 0 rg BT 256.83 661.15 Td (, ) Tj ET Q q 0 0 0 rg BT 262.39 661.15 Td (plant ) Tj ET Q q 0 0 0 rg BT 284.96 661.15 Td (and ) Tj ET Q q 0 0 0 rg BT 303.03 661.15 Td (equipment ) Tj ET Q q 0 0 0 rg BT 348.12 661.15 Td (accounted ) Tj ET Q q 0 0 0 rg BT 392.71 661.15 Td (for ) Tj ET Q q 0 0 0 rg BT 406.27 661.15 Td (a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.33 661.15 Td ($51.8million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.86 661.15 Td ( ) Tj ET Q q 0 0 0 rg BT 467.91 661.15 Td (outflow ) Tj ET Q q 0 0 0 rg BT 499.49 661.15 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.48 661.15 Td ($76.1million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.01 661.15 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 650.35 Td (outflow ) Tj ET Q q 0 0 0 rg BT 90.19 650.35 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 99.87 650.35 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 119.90 650.35 Td (\), ) Tj ET Q q 0 0 0 rg BT 128.07 650.35 Td (cash ) Tj ET Q q 0 0 0 rg BT 149.76 650.35 Td (advances ) Tj ET Q q 0 0 0 rg BT 190.96 650.35 Td (to ) Tj ET Q q 0 0 0 rg BT 201.14 650.35 Td (the ) Tj ET Q q 0 0 0 rg BT 216.33 650.35 Td (V) Tj ET Q q 0 0 0 rg BT 222.17 650.35 Td (iger-Denonville ) Tj ET Q q 0 0 0 rg BT 284.87 650.35 Td (joint ) Tj ET Q q 0 0 0 rg BT 304.06 650.35 Td (venture ) Tj ET Q q 0 0 0 rg BT 336.76 650.35 Td (in ) Tj ET Q q 0 0 0 rg BT 346.44 650.35 Td (the ) Tj ET Q q 0 0 0 rg BT 361.63 650.35 Td (form ) Tj ET Q q 0 0 0 rg BT 382.30 650.35 Td (of ) Tj ET Q q 0 0 0 rg BT 392.48 650.35 Td (a ) Tj ET Q q 0 0 0 rg BT 400.17 650.35 Td (loan ) Tj ET Q q 0 0 0 rg BT 419.86 650.35 Td (to ) Tj ET Q q 0 0 0 rg BT 430.04 650.35 Td (a ) Tj ET Q q 0 0 0 rg BT 437.72 650.35 Td (related ) Tj ET Q q 0 0 0 rg BT 467.92 650.35 Td (party ) Tj ET Q q 0 0 0 rg BT 490.60 650.35 Td (accounted ) Tj ET Q q 0 0 0 rg BT 534.81 650.35 Td (for ) Tj ET Q q 0 0 0 rg BT 547.99 650.35 Td (a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 639.55 Td ($13.5million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.53 639.55 Td ( ) Tj ET Q q 0 0 0 rg BT 111.29 639.55 Td (outflow ) Tj ET Q q 0 0 0 rg BT 141.56 639.55 Td (\(nil ) Tj ET Q q 0 0 0 rg BT 155.32 639.55 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 164.08 639.55 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 184.11 639.55 Td (\), ) Tj ET Q q 0 0 0 rg BT 191.36 639.55 Td (an ) Tj ET Q q 0 0 0 rg BT 203.13 639.55 Td (equity ) Tj ET Q q 0 0 0 rg BT 228.90 639.55 Td (investment ) Tj ET Q q 0 0 0 rg BT 274.18 639.55 Td (in ) Tj ET Q q 0 0 0 rg BT 282.95 639.55 Td (the ) Tj ET Q q 0 0 0 rg BT 297.21 639.55 Td (V) Tj ET Q q 0 0 0 rg BT 303.06 639.55 Td (iger-Denonville ) Tj ET Q q 0 0 0 rg BT 364.84 639.55 Td (joint ) Tj ET Q q 0 0 0 rg BT 383.11 639.55 Td (venture ) Tj ET Q q 0 0 0 rg BT 414.89 639.55 Td (accounted ) Tj ET Q q 0 0 0 rg BT 458.18 639.55 Td (for ) Tj ET Q q 0 0 0 rg BT 470.44 639.55 Td (a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.20 639.55 Td ($5.5million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.73 639.55 Td ( ) Tj ET Q q 0 0 0 rg BT 524.49 639.55 Td (outflow ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 628.75 Td (and ) Tj ET Q q 0 0 0 rg BT 76.19 628.75 Td (additions ) Tj ET Q q 0 0 0 rg BT 114.38 628.75 Td (to ) Tj ET Q q 0 0 0 rg BT 124.06 628.75 Td (project ) Tj ET Q q 0 0 0 rg BT 153.25 628.75 Td (development ) Tj ET Q q 0 0 0 rg BT 206.95 628.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 230.13 628.75 Td (accounted ) Tj ET Q q 0 0 0 rg BT 273.83 628.75 Td (for ) Tj ET Q q 0 0 0 rg BT 286.50 628.75 Td (a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 293.68 628.75 Td ($10.2million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 344.21 628.75 Td ( ) Tj ET Q q 0 0 0 rg BT 346.38 628.75 Td (outflow ) Tj ET Q q 0 0 0 rg BT 377.07 628.75 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.06 628.75 Td ($1.9million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.59 628.75 Td ( ) Tj ET Q q 0 0 0 rg BT 427.76 628.75 Td (outflow ) Tj ET Q q 0 0 0 rg BT 458.45 628.75 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 467.62 628.75 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.64 628.75 Td (\), ) Tj ET Q q 0 0 0 rg BT 495.31 628.75 Td (partly ) Tj ET Q q 0 0 0 rg BT 519.49 628.75 Td (of) Tj ET Q q 0 0 0 rg BT 526.83 628.75 Td (fset ) Tj ET Q q 0 0 0 rg BT 543.51 628.75 Td (by ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 617.95 Td (a ) Tj ET Q q 0 0 0 rg BT 66.51 617.95 Td (decrease ) Tj ET Q q 0 0 0 rg BT 106.03 617.95 Td (in ) Tj ET Q q 0 0 0 rg BT 115.54 617.95 Td (restricted ) Tj ET Q q 0 0 0 rg BT 155.05 617.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 176.56 617.95 Td (and ) Tj ET Q q 0 0 0 rg BT 194.07 617.95 Td (short-term ) Tj ET Q q 0 0 0 rg BT 237.58 617.95 Td (investments ) Tj ET Q q 0 0 0 rg BT 288.10 617.95 Td (for ) Tj ET Q q 0 0 0 rg BT 301.10 617.95 Td (a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 308.61 617.95 Td ($2.8million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.13 617.95 Td ( ) Tj ET Q q 0 0 0 rg BT 356.63 617.95 Td (inflow ) Tj ET Q q 0 0 0 rg BT 382.14 617.95 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.14 617.95 Td ($38.5million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.67 617.95 Td ( ) Tj ET Q q 0 0 0 rg BT 438.17 617.95 Td (inflow ) Tj ET Q q 0 0 0 rg BT 463.68 617.95 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.18 617.95 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.21 617.95 Td (\).) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 595.15 Td (Cash ) Tj ET Q q 0.2 0 0.6 rg BT 86.23 595.15 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 106.79 595.15 Td (Cash ) Tj ET Q q 0.2 0 0.6 rg BT 134.02 595.15 Td (Equivalents) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 572.35 Td (For ) Tj ET Q q 0 0 0 rg BT 75.20 572.35 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 90.41 572.35 Td (six-month ) Tj ET Q q 0 0 0 rg BT 132.12 572.35 Td (period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.14 572.35 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 159.84 572.35 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 187.56 572.35 Td (June30, ) Tj ET Q q 0 0 0 rg BT 224.79 572.35 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.81 572.35 Td (, ) Tj ET Q q 0 0 0 rg BT 250.01 572.35 Td (the ) Tj ET Q q 0 0 0 rg BT 265.22 572.35 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 314.95 572.35 Td (used ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 337.17 572.35 Td ($13.4million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.69 572.35 Td ( ) Tj ET Q q 0 0 0 rg BT 390.39 572.35 Td (in ) Tj ET Q q 0 0 0 rg BT 400.10 572.35 Td (cash ) Tj ET Q q 0 0 0 rg BT 421.81 572.35 Td (and ) Tj ET Q q 0 0 0 rg BT 439.52 572.35 Td (cash ) Tj ET Q q 0 0 0 rg BT 461.24 572.35 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 509.47 572.35 Td (\(generated) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 561.55 Td ($23.7million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.53 561.55 Td ( ) Tj ET Q q 0 0 0 rg BT 112.17 561.55 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 121.82 561.55 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 141.84 561.55 Td (\) ) Tj ET Q q 0 0 0 rg BT 147.49 561.55 Td (as ) Tj ET Q q 0 0 0 rg BT 159.64 561.55 Td (a ) Tj ET Q q 0 0 0 rg BT 167.29 561.55 Td (net ) Tj ET Q q 0 0 0 rg BT 182.44 561.55 Td (result ) Tj ET Q q 0 0 0 rg BT 207.09 561.55 Td (of ) Tj ET Q q 0 0 0 rg BT 217.24 561.55 Td (its ) Tj ET Q q 0 0 0 rg BT 228.89 561.55 Td (operating, ) Tj ET Q q 0 0 0 rg BT 271.56 561.55 Td (financing ) Tj ET Q q 0 0 0 rg BT 310.23 561.55 Td (and ) Tj ET Q q 0 0 0 rg BT 327.89 561.55 Td (investing ) Tj ET Q q 0 0 0 rg BT 366.06 561.55 Td (activities. ) Tj ET Q q 0 0 0 rg BT 405.19 561.55 Td (As ) Tj ET Q q 0 0 0 rg BT 418.34 561.55 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.49 561.55 Td (June30, ) Tj ET Q q 0 0 0 rg BT 465.66 561.55 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.68 561.55 Td (, ) Tj ET Q q 0 0 0 rg BT 490.83 561.55 Td (the ) Tj ET Q q 0 0 0 rg BT 505.98 561.55 Td (Corporation ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 550.75 Td (had ) Tj ET Q q 0 0 0 rg BT 76.52 550.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 98.03 550.75 Td (and ) Tj ET Q q 0 0 0 rg BT 115.54 550.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 137.06 550.75 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 185.09 550.75 Td (amounting ) Tj ET Q q 0 0 0 rg BT 229.62 550.75 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 239.62 550.75 Td ($36.1million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 290.15 550.75 Td ( ) Tj ET Q q 0 0 0 rg BT 292.65 550.75 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.65 550.75 Td ($58.6million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 346.18 550.75 Td ( ) Tj ET Q q 0 0 0 rg BT 348.68 550.75 Td (as ) Tj ET Q q 0 0 0 rg BT 360.68 550.75 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.69 550.75 Td (June30, ) Tj ET Q q 0 0 0 rg BT 407.72 550.75 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.74 550.75 Td (\). ) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 529.00 Td (DIVIDENDS) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 507.40 Td (The ) Tj ET Q q 0 0 0 rg BT 77.01 507.40 Td (following ) Tj ET Q q 0 0 0 rg BT 114.53 507.40 Td (dividends ) Tj ET Q q 0 0 0 rg BT 155.06 507.40 Td (were ) Tj ET Q q 0 0 0 rg BT 177.06 507.40 Td (declared ) Tj ET Q q 0 0 0 rg BT 214.09 507.40 Td (by ) Tj ET Q q 0 0 0 rg BT 226.09 507.40 Td (the ) Tj ET Q q 0 0 0 rg BT 241.10 507.40 Td (Corporation:) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.50 496.90 266.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 324.50 496.90 114.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 438.50 496.90 114.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 58.50 481.90 266.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 324.50 481.90 59.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 383.50 481.90 55.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 438.50 481.90 59.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 497.50 481.90 55.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 324.50 466.90 59.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 438.50 466.90 59.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 324.50 453.90 59.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 438.50 453.90 59.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 324.50 440.90 59.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 438.50 440.90 59.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 324.50 427.90 59.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 438.50 427.90 59.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 324.50 414.90 59.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 438.50 414.90 59.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 324.50 401.90 59.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 438.50 401.90 59.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 466.9 m 383.5 466.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 466.9 m 438.5 466.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 466.9 m 497.5 466.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 466.9 m 552.5 466.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 466.9 m 324.5 466.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 466.9 m 383.5 466.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 466.9 m 438.5 466.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 466.9 m 497.5 466.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 466.9 m 552.5 466.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 389.9 m 324.5 389.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 387.9 m 324.5 387.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 389.9 m 383.5 389.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 387.9 m 383.5 387.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 389.9 m 438.5 389.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 387.9 m 438.5 387.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 389.9 m 497.5 389.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 387.9 m 497.5 387.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 389.9 m 552.5 389.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 387.9 m 552.5 387.9 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 353.20 486.30 Td (Three months) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 472.70 486.30 Td (Six months) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 61.00 471.30 Td (For the periods ended June 30) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 343.45 471.30 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 400.45 471.30 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 457.45 471.30 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 514.45 471.30 Td (2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.00 457.85 Td (Dividends declared on common shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.45 457.85 Td (13,695) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.45 457.85 Td (11,786) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.45 457.85 Td (27,320) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.45 457.85 Td (23,572) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 444.85 Td (Dividends declared on common shares \($ per share\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.45 444.85 Td (0.1450) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.45 444.85 Td (0.1450) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.45 444.85 Td (0.2900) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.45 444.85 Td (0.2900) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 431.85 Td (Dividends declared on Series ) Tj ET Q q 0 0 0 rg BT 186.07 431.85 Td (A) Tj ET Q q 0 0 0 rg BT 191.58 431.85 Td ( Preferred Shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.45 431.85 Td (1,063) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.45 431.85 Td (1,063) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.45 431.85 Td (2,125) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.45 431.85 Td (2,125) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 418.85 Td (Dividends declared on Series ) Tj ET Q q 0 0 0 rg BT 186.07 418.85 Td (A) Tj ET Q q 0 0 0 rg BT 191.58 418.85 Td ( Preferred Shares \($ per share\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.45 418.85 Td (0.3125) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.45 418.85 Td (0.3125) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.45 418.85 Td (0.625) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.45 418.85 Td (0.625) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 405.85 Td (Dividends declared on Series C Preferred Shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 352.95 405.85 Td (719) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.00 405.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.45 405.85 Td (1,703) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.00 405.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 392.85 Td (Dividends declared on Series C Preferred Shares \($ per share\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.45 392.85 Td (0.359375) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.00 392.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.45 392.85 Td (0.851675) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.00 392.85 Td () Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 366.60 Td (The ) Tj ET Q q 0 0 0 rg BT 77.01 366.60 Td (following ) Tj ET Q q 0 0 0 rg BT 114.53 366.60 Td (are ) Tj ET Q q 0 0 0 rg BT 130.04 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 145.05 366.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 185.58 366.60 Td (that ) Tj ET Q q 0 0 0 rg BT 203.09 366.60 Td (will ) Tj ET Q q 0 0 0 rg BT 218.09 366.60 Td (be ) Tj ET Q q 0 0 0 rg BT 230.60 366.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 250.11 366.60 Td (by ) Tj ET Q q 0 0 0 rg BT 262.12 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 277.13 366.60 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 326.66 366.60 Td (on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 339.17 366.60 Td (October15, ) Tj ET Q q 0 0 0 rg BT 388.70 366.60 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.72 366.60 Td (:) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.50 356.10 76.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 134.50 356.10 66.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 200.50 356.10 64.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 264.50 356.10 84.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 348.50 356.10 102.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 450.50 356.10 102.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 333.1 m 134.5 333.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 319.1 m 134.5 319.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 317.1 m 134.5 317.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 134.5 333.1 m 200.5 333.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 134.5 319.1 m 200.5 319.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 134.5 317.1 m 200.5 317.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200.5 333.1 m 264.5 333.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200.5 319.1 m 264.5 319.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200.5 317.1 m 264.5 317.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 333.1 m 348.5 333.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 319.1 m 348.5 319.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 317.1 m 348.5 317.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 333.1 m 450.5 333.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 319.1 m 450.5 319.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 317.1 m 450.5 317.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 333.1 m 552.5 333.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 319.1 m 552.5 319.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 317.1 m 552.5 317.1 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 81.45 346.50 Td (Date of) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 66.20 337.50 Td (announcement) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 142.45 337.50 Td (Record date) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 204.20 337.50 Td (Payment date) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 278.45 346.50 Td (Dividends per) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 269.45 337.50 Td (common share \($\)) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 353.70 346.50 Td (Dividends per Series ) Tj ET Q q 1 1 1 rg BT 438.74 346.50 Td (A) Tj ET Q q 1 1 1 rg BT 444.25 346.50 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 360.20 337.50 Td (Preferred Share \($\)) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 454.95 346.50 Td (Dividends per Series C ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 462.65 337.50 Td (Preferred Share) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 526.68 341.79 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 528.31 337.50 Td (\($\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 78.45 322.50 Td (8/8/2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 146.95 322.50 Td (9/30/2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 209.45 322.50 Td (10/15/2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 289.20 322.50 Td (0.1450) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.20 322.50 Td (0.3125) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.20 322.50 Td (0.359375) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 21) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 694.00 Td (FINANCIAL) Tj ET Q q 0.2 0 0.6 rg BT 118.07 694.00 Td ( POSITION) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 670.00 Td (At ) Tj ET Q q 0.2 0 0.6 rg BT 70.83 670.00 Td (June30, ) Tj ET Q q 0.2 0 0.6 rg BT 111.58 670.00 Td (2013, ) Tj ET Q q 0.2 0 0.6 rg BT 138.99 670.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 155.28 670.00 Td (Corporation ) Tj ET Q q 0.2 0 0.6 rg BT 209.91 670.00 Td (had ) Tj ET Q q 0.2 0 0.6 rg BT 228.98 670.00 Td ($2.3billion ) Tj ET Q q 0.2 0 0.6 rg BT 279.18 670.00 Td (in ) Tj ET Q q 0.2 0 0.6 rg BT 289.35 670.00 Td (total ) Tj ET Q q 0.2 0 0.6 rg BT 310.63 670.00 Td (assets, ) Tj ET Q q 0.2 0 0.6 rg BT 344.70 670.00 Td ($1.6 ) Tj ET Q q 0.2 0 0.6 rg BT 366.55 670.00 Td (billion ) Tj ET Q q 0.2 0 0.6 rg BT 394.50 670.00 Td (in ) Tj ET Q q 0.2 0 0.6 rg BT 404.67 670.00 Td (total ) Tj ET Q q 0.2 0 0.6 rg BT 425.96 670.00 Td (liabilities, ) Tj ET Q q 0.2 0 0.6 rg BT 468.91 670.00 Td (including ) Tj ET Q q 0.2 0 0.6 rg BT 510.77 670.00 Td (long-term ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 658.00 Td (debt ) Tj ET Q q 0.2 0 0.6 rg BT 81.24 658.00 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 92.36 658.00 Td ($1.3 ) Tj ET Q q 0.2 0 0.6 rg BT 114.60 658.00 Td (billion, ) Tj ET Q q 0.2 0 0.6 rg BT 145.73 658.00 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 165.19 658.00 Td ($0.7 ) Tj ET Q q 0.2 0 0.6 rg BT 187.43 658.00 Td (billion ) Tj ET Q q 0.2 0 0.6 rg BT 215.78 658.00 Td (in ) Tj ET Q q 0.2 0 0.6 rg BT 226.34 658.00 Td (shareholders' ) Tj ET Q q 0.2 0 0.6 rg BT 288.84 658.00 Td (equity ) Tj ET Q q 0.2 0 0.6 rg BT 318.31 658.00 Td (\(same ) Tj ET Q q 0.2 0 0.6 rg BT 348.87 658.00 Td (as ) Tj ET Q q 0.2 0 0.6 rg BT 362.21 658.00 Td (at ) Tj ET Q q 0.2 0 0.6 rg BT 373.33 658.00 Td (December31, ) Tj ET Q q 0.2 0 0.6 rg BT 438.91 658.00 Td (2012\). ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 634.00 Td (Also ) Tj ET Q q 0.2 0 0.6 rg BT 81.84 634.00 Td (at ) Tj ET Q q 0.2 0 0.6 rg BT 93.57 634.00 Td (June30, ) Tj ET Q q 0.2 0 0.6 rg BT 135.32 634.00 Td (2013, ) Tj ET Q q 0.2 0 0.6 rg BT 163.74 634.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 181.03 634.00 Td (Corporation ) Tj ET Q q 0.2 0 0.6 rg BT 236.67 634.00 Td (had ) Tj ET Q q 0.2 0 0.6 rg BT 256.74 634.00 Td (a ) Tj ET Q q 0.2 0 0.6 rg BT 265.69 634.00 Td (working ) Tj ET Q q 0.2 0 0.6 rg BT 303.54 634.00 Td (capital ) Tj ET Q q 0.2 0 0.6 rg BT 335.83 634.00 Td (ratio ) Tj ET Q q 0.2 0 0.6 rg BT 358.67 634.00 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 370.40 634.00 Td (1.74:1.00 ) Tj ET Q q 0.2 0 0.6 rg BT 415.49 634.00 Td (\(1.58:1.00 ) Tj ET Q q 0.2 0 0.6 rg BT 463.92 634.00 Td (as ) Tj ET Q q 0.2 0 0.6 rg BT 477.87 634.00 Td (at ) Tj ET Q q 0.2 0 0.6 rg BT 489.60 634.00 Td (December ) Tj ET Q q 0.2 0 0.6 rg BT 539.11 634.00 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 622.00 Td (2012\). ) Tj ET Q q 0.2 0 0.6 rg BT 90.38 622.00 Td (In ) Tj ET Q q 0.2 0 0.6 rg BT 101.75 622.00 Td (addition ) Tj ET Q q 0.2 0 0.6 rg BT 139.80 622.00 Td (to ) Tj ET Q q 0.2 0 0.6 rg BT 151.17 622.00 Td (cash ) Tj ET Q q 0.2 0 0.6 rg BT 175.31 622.00 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 195.02 622.00 Td (cash ) Tj ET Q q 0.2 0 0.6 rg BT 219.17 622.00 Td (equivalents ) Tj ET Q q 0.2 0 0.6 rg BT 272.79 622.00 Td (amounting ) Tj ET Q q 0.2 0 0.6 rg BT 322.51 622.00 Td (to ) Tj ET Q q 0.2 0 0.6 rg BT 333.88 622.00 Td ($36.1million, ) Tj ET Q q 0.2 0 0.6 rg BT 395.82 622.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 412.75 622.00 Td (Corporation ) Tj ET Q q 0.2 0 0.6 rg BT 468.03 622.00 Td (had ) Tj ET Q q 0.2 0 0.6 rg BT 487.74 622.00 Td (restricted ) Tj ET Q q 0.2 0 0.6 rg BT 531.89 622.00 Td (cash ) Tj ET Q BT /F3 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 610.00 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 77.77 610.00 Td (short-term ) Tj ET Q q 0.2 0 0.6 rg BT 125.43 610.00 Td (investments ) Tj ET Q q 0.2 0 0.6 rg BT 180.87 610.00 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 191.30 610.00 Td ($85.0 ) Tj ET Q q 0.2 0 0.6 rg BT 218.42 610.00 Td (million ) Tj ET Q q 0.2 0 0.6 rg BT 248.85 610.00 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 267.62 610.00 Td (reserve ) Tj ET Q q 0.2 0 0.6 rg BT 303.06 610.00 Td (accounts ) Tj ET Q q 0.2 0 0.6 rg BT 345.17 610.00 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 355.60 610.00 Td ($45.9 ) Tj ET Q q 0.2 0 0.6 rg BT 382.72 610.00 Td (million ) Tj ET Q q 0.2 0 0.6 rg BT 413.15 610.00 Td (at ) Tj ET Q q 0.2 0 0.6 rg BT 423.58 610.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 439.57 610.00 Td (end ) Tj ET Q q 0.2 0 0.6 rg BT 458.34 610.00 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 468.77 610.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 484.77 610.00 Td (second ) Tj ET Q q 0.2 0 0.6 rg BT 519.10 610.00 Td (quarter) Tj ET Q q 0.2 0 0.6 rg BT 550.23 610.00 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 587.20 Td (Assets) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 565.60 Td (As ) Tj ET Q q 0 0 0 rg BT 72.28 565.60 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 82.56 565.60 Td (June30, ) Tj ET Q q 0 0 0 rg BT 119.87 565.60 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 139.89 565.60 Td (, ) Tj ET Q q 0 0 0 rg BT 145.17 565.60 Td (the ) Tj ET Q q 0 0 0 rg BT 160.46 565.60 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 210.26 565.60 Td (had ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 228.06 565.60 Td ($2.3billion) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 271.09 565.60 Td ( ) Tj ET Q q 0 0 0 rg BT 273.87 565.60 Td (in ) Tj ET Q q 0 0 0 rg BT 283.65 565.60 Td (total ) Tj ET Q q 0 0 0 rg BT 303.44 565.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 332.23 565.60 Td (\(same ) Tj ET Q q 0 0 0 rg BT 360.01 565.60 Td (as ) Tj ET Q q 0 0 0 rg BT 372.29 565.60 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.58 565.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 441.88 565.60 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.90 565.60 Td (\). ) Tj ET Q q 0 0 0 rg BT 470.18 565.60 Td (Significant ) Tj ET Q q 0 0 0 rg BT 514.48 565.60 Td (variations ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 554.80 Td (were ) Tj ET Q q 0 0 0 rg BT 81.01 554.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 127.54 554.80 Td (in ) Tj ET Q q 0 0 0 rg BT 137.04 554.80 Td (the ) Tj ET Q q 0 0 0 rg BT 152.05 554.80 Td (following ) Tj ET Q q 0 0 0 rg BT 189.57 554.80 Td (accounting ) Tj ET Q q 0 0 0 rg BT 235.61 554.80 Td (items:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.00 533.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 83.00 533.20 Td (a ) Tj ET Q q 0 0 0 rg BT 90.61 533.20 Td (net ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 105.73 533.20 Td (decrease) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 142.75 533.20 Td ( ) Tj ET Q q 0 0 0 rg BT 145.35 533.20 Td (in ) Tj ET Q q 0 0 0 rg BT 154.96 533.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 176.58 533.20 Td (and ) Tj ET Q q 0 0 0 rg BT 194.20 533.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 215.81 533.20 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 263.95 533.20 Td (and ) Tj ET Q q 0 0 0 rg BT 281.57 533.20 Td (restricted ) Tj ET Q q 0 0 0 rg BT 321.19 533.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 342.80 533.20 Td (and ) Tj ET Q q 0 0 0 rg BT 360.42 533.20 Td (short-term ) Tj ET Q q 0 0 0 rg BT 404.03 533.20 Td (investments ) Tj ET Q q 0 0 0 rg BT 454.66 533.20 Td (from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.26 533.20 Td ($137.3million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.79 533.20 Td ( ) Tj ET Q q 0 0 0 rg BT 533.40 533.20 Td (as ) Tj ET Q q 0 0 0 rg BT 545.51 533.20 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 83.00 522.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 141.93 522.40 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 161.95 522.40 Td (, ) Tj ET Q q 0 0 0 rg BT 166.85 522.40 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 176.76 522.40 Td ($121.1million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 232.29 522.40 Td ( ) Tj ET Q q 0 0 0 rg BT 234.69 522.40 Td (as ) Tj ET Q q 0 0 0 rg BT 246.60 522.40 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.51 522.40 Td (June30, ) Tj ET Q q 0 0 0 rg BT 293.44 522.40 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 313.46 522.40 Td (, ) Tj ET Q q 0 0 0 rg BT 318.36 522.40 Td (due ) Tj ET Q q 0 0 0 rg BT 335.78 522.40 Td (mainly ) Tj ET Q q 0 0 0 rg BT 364.19 522.40 Td (to ) Tj ET Q q 0 0 0 rg BT 374.09 522.40 Td (the ) Tj ET Q q 0 0 0 rg BT 389.01 522.40 Td (lower ) Tj ET Q q 0 0 0 rg BT 412.91 522.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 434.33 522.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 466.75 522.40 Td (maintained ) Tj ET Q q 0 0 0 rg BT 513.18 522.40 Td (and ) Tj ET Q q 0 0 0 rg BT 530.59 522.40 Td (to ) Tj ET Q q 0 0 0 rg BT 540.50 522.40 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 83.00 511.60 Td (Kwoiek ) Tj ET Q q 0 0 0 rg BT 114.09 511.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 140.17 511.60 Td (loan, ) Tj ET Q q 0 0 0 rg BT 161.76 511.60 Td (which ) Tj ET Q q 0 0 0 rg BT 186.84 511.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 210.93 511.60 Td (have ) Tj ET Q q 0 0 0 rg BT 232.52 511.60 Td (been ) Tj ET Q q 0 0 0 rg BT 254.61 511.60 Td (received ) Tj ET Q q 0 0 0 rg BT 290.70 511.60 Td (and ) Tj ET Q q 0 0 0 rg BT 307.79 511.60 Td (are ) Tj ET Q q 0 0 0 rg BT 322.87 511.60 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 372.47 511.60 Td (being ) Tj ET Q q 0 0 0 rg BT 396.56 511.60 Td (used ) Tj ET Q q 0 0 0 rg BT 418.15 511.60 Td (as ) Tj ET Q q 0 0 0 rg BT 429.73 511.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 480.33 511.60 Td (progresses ) Tj ET Q q 0 0 0 rg BT 526.92 511.60 Td (on ) Tj ET Q q 0 0 0 rg BT 539.01 511.60 Td (this ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 83.00 500.80 Td (project, ) Tj ET Q q 0 0 0 rg BT 115.01 500.80 Td (partly ) Tj ET Q q 0 0 0 rg BT 139.52 500.80 Td (of) Tj ET Q q 0 0 0 rg BT 146.87 500.80 Td (fset ) Tj ET Q q 0 0 0 rg BT 163.87 500.80 Td (by ) Tj ET Q q 0 0 0 rg BT 175.88 500.80 Td (the ) Tj ET Q q 0 0 0 rg BT 190.89 500.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 227.41 500.80 Td (in ) Tj ET Q q 0 0 0 rg BT 236.91 500.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 258.43 500.80 Td (from ) Tj ET Q q 0 0 0 rg BT 278.93 500.80 Td (the ) Tj ET Q q 0 0 0 rg BT 293.94 500.80 Td (closing ) Tj ET Q q 0 0 0 rg BT 324.45 500.80 Td (of ) Tj ET Q q 0 0 0 rg BT 334.46 500.80 Td (the ) Tj ET Q q 0 0 0 rg BT 349.47 500.80 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 392.48 500.80 Td (Stave ) Tj ET Q q 0 0 0 rg BT 418.00 500.80 Td (River ) Tj ET Q q 0 0 0 rg BT 441.50 500.80 Td (financing;) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.00 490.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 83.00 490.00 Td (a ) Tj ET Q q 0 0 0 rg BT 89.60 490.00 Td (decrease) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 126.63 490.00 Td ( ) Tj ET Q q 0 0 0 rg BT 128.22 490.00 Td (in ) Tj ET Q q 0 0 0 rg BT 136.82 490.00 Td (accounts ) Tj ET Q q 0 0 0 rg BT 174.44 490.00 Td (receivable ) Tj ET Q q 0 0 0 rg BT 217.06 490.00 Td (from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 236.65 490.00 Td ($50.1million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 287.18 490.00 Td ( ) Tj ET Q q 0 0 0 rg BT 288.78 490.00 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 297.88 490.00 Td ($41.9million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.41 490.00 Td (, ) Tj ET Q q 0 0 0 rg BT 352.50 490.00 Td (as ) Tj ET Q q 0 0 0 rg BT 363.60 490.00 Td (explained ) Tj ET Q q 0 0 0 rg BT 403.73 490.00 Td (in ) Tj ET Q q 0 0 0 rg BT 412.33 490.00 Td (the ) Tj ET Q q 0 0 0 rg BT 426.44 490.00 Td ("W) Tj ET Q q 0 0 0 rg BT 437.97 490.00 Td (orking ) Tj ET Q q 0 0 0 rg BT 464.07 490.00 Td (Capital" ) Tj ET Q q 0 0 0 rg BT 496.88 490.00 Td (section ) Tj ET Q q 0 0 0 rg BT 526.99 490.00 Td (below;) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.00 479.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 83.00 479.20 Td (an ) Tj ET Q q 0 0 0 rg BT 94.54 479.20 Td (increase) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 128.56 479.20 Td ( ) Tj ET Q q 0 0 0 rg BT 130.08 479.20 Td (in ) Tj ET Q q 0 0 0 rg BT 138.61 479.20 Td (property) Tj ET Q q 0 0 0 rg BT 170.96 479.20 Td (, ) Tj ET Q q 0 0 0 rg BT 174.99 479.20 Td (plant ) Tj ET Q q 0 0 0 rg BT 196.03 479.20 Td (and ) Tj ET Q q 0 0 0 rg BT 212.57 479.20 Td (equipment ) Tj ET Q q 0 0 0 rg BT 256.13 479.20 Td (from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 275.65 479.20 Td ($1,427million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 331.19 479.20 Td ( ) Tj ET Q q 0 0 0 rg BT 332.71 479.20 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.75 479.20 Td ($1,460million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 397.28 479.20 Td ( ) Tj ET Q q 0 0 0 rg BT 398.81 479.20 Td (due ) Tj ET Q q 0 0 0 rg BT 415.35 479.20 Td (mainly ) Tj ET Q q 0 0 0 rg BT 442.88 479.20 Td (to ) Tj ET Q q 0 0 0 rg BT 451.92 479.20 Td (the ) Tj ET Q q 0 0 0 rg BT 465.95 479.20 Td (Development ) Tj ET Q q 0 0 0 rg BT 520.51 479.20 Td (Projects ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 83.00 468.40 Td (under ) Tj ET Q q 0 0 0 rg BT 108.52 468.40 Td (construction ) Tj ET Q q 0 0 0 rg BT 159.54 468.40 Td (and ) Tj ET Q q 0 0 0 rg BT 177.06 468.40 Td (partly ) Tj ET Q q 0 0 0 rg BT 201.57 468.40 Td (of) Tj ET Q q 0 0 0 rg BT 208.91 468.40 Td (fset ) Tj ET Q q 0 0 0 rg BT 225.92 468.40 Td (by ) Tj ET Q q 0 0 0 rg BT 237.92 468.40 Td (depreciation; ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.00 457.60 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 83.00 457.60 Td (an ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.40 457.60 Td (increase) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 129.42 457.60 Td ( ) Tj ET Q q 0 0 0 rg BT 131.81 457.60 Td (in ) Tj ET Q q 0 0 0 rg BT 141.20 457.60 Td (project ) Tj ET Q q 0 0 0 rg BT 170.60 457.60 Td (development ) Tj ET Q q 0 0 0 rg BT 224.53 457.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 247.92 457.60 Td (from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 268.31 457.60 Td ($103.5million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.85 457.60 Td ( ) Tj ET Q q 0 0 0 rg BT 326.23 457.60 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 336.13 457.60 Td ($1) Tj ET Q q 0 0 0 rg BT 345.47 457.60 Td (14.6million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.00 457.60 Td (, ) Tj ET Q q 0 0 0 rg BT 395.88 457.60 Td (due ) Tj ET Q q 0 0 0 rg BT 413.29 457.60 Td (mainly ) Tj ET Q q 0 0 0 rg BT 441.69 457.60 Td (to ) Tj ET Q q 0 0 0 rg BT 451.58 457.60 Td (pre-construction ) Tj ET Q q 0 0 0 rg BT 518.50 457.60 Td (activities ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 83.00 446.80 Td (related ) Tj ET Q q 0 0 0 rg BT 113.02 446.80 Td (to ) Tj ET Q q 0 0 0 rg BT 123.03 446.80 Td (the ) Tj ET Q q 0 0 0 rg BT 138.04 446.80 Td (Upper ) Tj ET Q q 0 0 0 rg BT 165.05 446.80 Td (Lillooet, ) Tj ET Q q 0 0 0 rg BT 198.57 446.80 Td (Boulder ) Tj ET Q q 0 0 0 rg BT 232.09 446.80 Td (Creek, ) Tj ET Q q 0 0 0 rg BT 260.94 446.80 Td (T) Tj ET Q q 0 0 0 rg BT 266.10 446.80 Td (retheway ) Tj ET Q q 0 0 0 rg BT 305.12 446.80 Td (Creek ) Tj ET Q q 0 0 0 rg BT 331.63 446.80 Td (and ) Tj ET Q q 0 0 0 rg BT 349.15 446.80 Td (Big ) Tj ET Q q 0 0 0 rg BT 364.65 446.80 Td (Silver ) Tj ET Q q 0 0 0 rg BT 389.66 446.80 Td (Creek ) Tj ET Q q 0 0 0 rg BT 416.17 446.80 Td (projects; ) Tj ET Q q 0 0 0 rg BT 452.68 446.80 Td (and) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.00 436.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 83.00 436.00 Td (a ) Tj ET Q q 0 0 0 rg BT 90.51 436.00 Td (decrease) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 127.53 436.00 Td ( ) Tj ET Q q 0 0 0 rg BT 130.03 436.00 Td (in ) Tj ET Q q 0 0 0 rg BT 139.54 436.00 Td (intangible ) Tj ET Q q 0 0 0 rg BT 180.57 436.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 209.08 436.00 Td (from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 229.58 436.00 Td ($429.4million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 285.11 436.00 Td ( ) Tj ET Q q 0 0 0 rg BT 287.61 436.00 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 297.62 436.00 Td ($418.6million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.15 436.00 Td ( ) Tj ET Q q 0 0 0 rg BT 355.65 436.00 Td (due ) Tj ET Q q 0 0 0 rg BT 373.17 436.00 Td (mainly ) Tj ET Q q 0 0 0 rg BT 401.68 436.00 Td (to ) Tj ET Q q 0 0 0 rg BT 411.68 436.00 Td (amortization.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 414.40 Td (W) Tj ET Q q 0 0 0 rg BT 67.33 414.40 Td (orking ) Tj ET Q q 0 0 0 rg BT 97.33 414.40 Td (Capital ) Tj ET Q q 0 0 0 rg BT 129.84 414.40 Td (Items) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 392.80 Td (As ) Tj ET Q q 0 0 0 rg BT 71.62 392.80 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 81.24 392.80 Td (June30, ) Tj ET Q q 0 0 0 rg BT 117.88 392.80 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 137.90 392.80 Td (, ) Tj ET Q q 0 0 0 rg BT 142.51 392.80 Td (working ) Tj ET Q q 0 0 0 rg BT 175.64 392.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 203.77 392.80 Td (was ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 221.88 392.80 Td (positive) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.40 392.80 Td ( ) Tj ET Q q 0 0 0 rg BT 254.51 392.80 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 264.13 392.80 Td ($79.0million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 314.66 392.80 Td ( ) Tj ET Q q 0 0 0 rg BT 316.77 392.80 Td (with ) Tj ET Q q 0 0 0 rg BT 334.89 392.80 Td (a ) Tj ET Q q 0 0 0 rg BT 342.01 392.80 Td (working ) Tj ET Q q 0 0 0 rg BT 375.14 392.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 403.27 392.80 Td (ratio ) Tj ET Q q 0 0 0 rg BT 422.89 392.80 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.51 392.80 Td (1.74) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.02 392.80 Td (:1.00. ) Tj ET Q q 0 0 0 rg BT 474.23 392.80 Td (As ) Tj ET Q q 0 0 0 rg BT 486.85 392.80 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.47 392.80 Td (December31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 382.00 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.02 382.00 Td (, ) Tj ET Q q 0 0 0 rg BT 83.67 382.00 Td (working ) Tj ET Q q 0 0 0 rg BT 116.84 382.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 145.00 382.00 Td (was ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 163.16 382.00 Td (positive) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 193.68 382.00 Td ( ) Tj ET Q q 0 0 0 rg BT 195.83 382.00 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 205.48 382.00 Td ($80.9million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.01 382.00 Td ( ) Tj ET Q q 0 0 0 rg BT 258.16 382.00 Td (with ) Tj ET Q q 0 0 0 rg BT 276.32 382.00 Td (a ) Tj ET Q q 0 0 0 rg BT 283.48 382.00 Td (working ) Tj ET Q q 0 0 0 rg BT 316.64 382.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 344.81 382.00 Td (ratio ) Tj ET Q q 0 0 0 rg BT 364.47 382.00 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.12 382.00 Td (1.58) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.64 382.00 Td (:1.00. ) Tj ET Q q 0 0 0 rg BT 416.17 382.00 Td (The ) Tj ET Q q 0 0 0 rg BT 433.83 382.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 470.00 382.00 Td (in ) Tj ET Q q 0 0 0 rg BT 479.15 382.00 Td (the ) Tj ET Q q 0 0 0 rg BT 493.82 382.00 Td (working ) Tj ET Q q 0 0 0 rg BT 526.98 382.00 Td (capital ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 371.20 Td (ratio ) Tj ET Q q 0 0 0 rg BT 78.77 371.20 Td (over ) Tj ET Q q 0 0 0 rg BT 98.54 371.20 Td (this ) Tj ET Q q 0 0 0 rg BT 114.81 371.20 Td (period ) Tj ET Q q 0 0 0 rg BT 142.09 371.20 Td (is ) Tj ET Q q 0 0 0 rg BT 150.85 371.20 Td (due ) Tj ET Q q 0 0 0 rg BT 168.13 371.20 Td (mainly ) Tj ET Q q 0 0 0 rg BT 196.40 371.20 Td (to ) Tj ET Q q 0 0 0 rg BT 206.17 371.20 Td (the ) Tj ET Q q 0 0 0 rg BT 220.94 371.20 Td (reclassification ) Tj ET Q q 0 0 0 rg BT 282.22 371.20 Td (of ) Tj ET Q q 0 0 0 rg BT 291.99 371.20 Td (the ) Tj ET Q q 0 0 0 rg BT 306.77 371.20 Td (Carleton ) Tj ET Q q 0 0 0 rg BT 343.05 371.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 362.32 371.20 Td (back ) Tj ET Q q 0 0 0 rg BT 383.60 371.20 Td (into ) Tj ET Q q 0 0 0 rg BT 400.37 371.20 Td (long-term ) Tj ET Q q 0 0 0 rg BT 440.64 371.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 460.42 371.20 Td (following ) Tj ET Q q 0 0 0 rg BT 497.71 371.20 Td (its ) Tj ET Q q 0 0 0 rg BT 508.97 371.20 Td (refinancing ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 360.40 Td (in ) Tj ET Q q 0 0 0 rg BT 68.35 360.40 Td (June ) Tj ET Q q 0 0 0 rg BT 90.21 360.40 Td (2013; ) Tj ET Q q 0 0 0 rg BT 115.07 360.40 Td (since ) Tj ET Q q 0 0 0 rg BT 138.42 360.40 Td (November ) Tj ET Q q 0 0 0 rg BT 182.28 360.40 Td (2012, ) Tj ET Q q 0 0 0 rg BT 207.15 360.40 Td (the ) Tj ET Q q 0 0 0 rg BT 222.00 360.40 Td (entire ) Tj ET Q q 0 0 0 rg BT 246.86 360.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 279.22 360.40 Td (of ) Tj ET Q q 0 0 0 rg BT 289.07 360.40 Td (the ) Tj ET Q q 0 0 0 rg BT 303.92 360.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 323.28 360.40 Td (had ) Tj ET Q q 0 0 0 rg BT 340.64 360.40 Td (been ) Tj ET Q q 0 0 0 rg BT 363.00 360.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 400.87 360.40 Td (in ) Tj ET Q q 0 0 0 rg BT 410.21 360.40 Td (the ) Tj ET Q q 0 0 0 rg BT 425.07 360.40 Td (current ) Tj ET Q q 0 0 0 rg BT 455.42 360.40 Td (portion ) Tj ET Q q 0 0 0 rg BT 485.28 360.40 Td (of ) Tj ET Q q 0 0 0 rg BT 495.13 360.40 Td (long-term ) Tj ET Q q 0 0 0 rg BT 535.49 360.40 Td (debt ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 349.60 Td (in ) Tj ET Q q 0 0 0 rg BT 68.51 349.60 Td (view ) Tj ET Q q 0 0 0 rg BT 89.01 349.60 Td (of ) Tj ET Q q 0 0 0 rg BT 99.02 349.60 Td (its ) Tj ET Q q 0 0 0 rg BT 110.52 349.60 Td (November ) Tj ET Q q 0 0 0 rg BT 154.53 349.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 177.05 349.60 Td (term ) Tj ET Q q 0 0 0 rg BT 197.56 349.60 Td (maturity) Tj ET Q q 0 0 0 rg BT 228.89 349.60 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 328.00 Td (In ) Tj ET Q q 0 0 0 rg BT 69.58 328.00 Td (view ) Tj ET Q q 0 0 0 rg BT 90.67 328.00 Td (of ) Tj ET Q q 0 0 0 rg BT 101.25 328.00 Td (these ) Tj ET Q q 0 0 0 rg BT 126.35 328.00 Td (ratios, ) Tj ET Q q 0 0 0 rg BT 153.93 328.00 Td (the ) Tj ET Q q 0 0 0 rg BT 169.52 328.00 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 219.63 328.00 Td (considers ) Tj ET Q q 0 0 0 rg BT 261.22 328.00 Td (its ) Tj ET Q q 0 0 0 rg BT 273.30 328.00 Td (current ) Tj ET Q q 0 0 0 rg BT 304.39 328.00 Td (level ) Tj ET Q q 0 0 0 rg BT 325.98 328.00 Td (of ) Tj ET Q q 0 0 0 rg BT 336.56 328.00 Td (working ) Tj ET Q q 0 0 0 rg BT 370.65 328.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 399.74 328.00 Td (to ) Tj ET Q q 0 0 0 rg BT 410.33 328.00 Td (be ) Tj ET Q q 0 0 0 rg BT 423.42 328.00 Td (suf) Tj ET Q q 0 0 0 rg BT 435.26 328.00 Td (ficient ) Tj ET Q q 0 0 0 rg BT 461.85 328.00 Td (to ) Tj ET Q q 0 0 0 rg BT 472.43 328.00 Td (meet ) Tj ET Q q 0 0 0 rg BT 495.52 328.00 Td (its ) Tj ET Q q 0 0 0 rg BT 507.60 328.00 Td (needs. ) Tj ET Q q 0 0 0 rg BT 537.50 328.00 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 317.20 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 108.23 317.20 Td (can ) Tj ET Q q 0 0 0 rg BT 124.94 317.20 Td (also ) Tj ET Q q 0 0 0 rg BT 143.65 317.20 Td (use ) Tj ET Q q 0 0 0 rg BT 160.37 317.20 Td (its ) Tj ET Q q 0 0 0 rg BT 171.57 317.20 Td ($425.0 ) Tj ET Q q 0 0 0 rg BT 201.30 317.20 Td (million ) Tj ET Q q 0 0 0 rg BT 229.01 317.20 Td (revolving ) Tj ET Q q 0 0 0 rg BT 267.23 317.20 Td (term ) Tj ET Q q 0 0 0 rg BT 287.43 317.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 311.64 317.20 Td (facility ) Tj ET Q q 0 0 0 rg BT 338.85 317.20 Td (if ) Tj ET Q q 0 0 0 rg BT 345.55 317.20 Td (necessary) Tj ET Q q 0 0 0 rg BT 385.90 317.20 Td (. ) Tj ET Q q 0 0 0 rg BT 390.17 317.20 Td (As ) Tj ET Q q 0 0 0 rg BT 402.87 317.20 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.58 317.20 Td (June30, ) Tj ET Q q 0 0 0 rg BT 449.31 317.20 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.33 317.20 Td (, ) Tj ET Q q 0 0 0 rg BT 474.04 317.20 Td (the ) Tj ET Q q 0 0 0 rg BT 488.75 317.20 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 537.98 317.20 Td (had ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 306.40 Td (drawn ) Tj ET Q q 0 0 0 rg BT 86.01 306.40 Td (US$13.9million ) Tj ET Q q 0 0 0 rg BT 151.54 306.40 Td (and ) Tj ET Q q 0 0 0 rg BT 169.06 306.40 Td ($158.7million ) Tj ET Q q 0 0 0 rg BT 227.10 306.40 Td (as ) Tj ET Q q 0 0 0 rg BT 239.10 306.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 260.61 306.40 Td (advances ) Tj ET Q q 0 0 0 rg BT 301.64 306.40 Td (and ) Tj ET Q q 0 0 0 rg BT 319.16 306.40 Td ($27.2million ) Tj ET Q q 0 0 0 rg BT 372.19 306.40 Td (had ) Tj ET Q q 0 0 0 rg BT 389.70 306.40 Td (been ) Tj ET Q q 0 0 0 rg BT 412.22 306.40 Td (used ) Tj ET Q q 0 0 0 rg BT 434.24 306.40 Td (for ) Tj ET Q q 0 0 0 rg BT 447.24 306.40 Td (issuing ) Tj ET Q q 0 0 0 rg BT 477.76 306.40 Td (letters ) Tj ET Q q 0 0 0 rg BT 504.77 306.40 Td (of ) Tj ET Q q 0 0 0 rg BT 514.77 306.40 Td (credit. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 284.80 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 102.38 284.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 124.26 284.80 Td (and ) Tj ET Q q 0 0 0 rg BT 142.15 284.80 Td (short-term ) Tj ET Q q 0 0 0 rg BT 186.02 284.80 Td (investments ) Tj ET Q q 0 0 0 rg BT 236.91 284.80 Td (are ) Tj ET Q q 0 0 0 rg BT 252.79 284.80 Td (related ) Tj ET Q q 0 0 0 rg BT 283.17 284.80 Td (to ) Tj ET Q q 0 0 0 rg BT 293.55 284.80 Td (the ) Tj ET Q q 0 0 0 rg BT 308.93 284.80 Td (Harrison ) Tj ET Q q 0 0 0 rg BT 345.81 284.80 Td (Operating ) Tj ET Q q 0 0 0 rg BT 388.20 284.80 Td (Facilities, ) Tj ET Q q 0 0 0 rg BT 428.58 284.80 Td (the ) Tj ET Q q 0 0 0 rg BT 443.96 284.80 Td (Kwoiek ) Tj ET Q q 0 0 0 rg BT 475.84 284.80 Td (Creek ) Tj ET Q q 0 0 0 rg BT 502.72 284.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 522.60 284.80 Td (and ) Tj ET Q q 0 0 0 rg BT 540.49 284.80 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 274.00 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 102.47 274.00 Td (Stave ) Tj ET Q q 0 0 0 rg BT 128.45 274.00 Td (River ) Tj ET Q q 0 0 0 rg BT 152.41 274.00 Td (loan. ) Tj ET Q q 0 0 0 rg BT 174.29 274.00 Td (As ) Tj ET Q q 0 0 0 rg BT 187.76 274.00 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 198.22 274.00 Td (June30, ) Tj ET Q q 0 0 0 rg BT 235.71 274.00 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 255.73 274.00 Td (, ) Tj ET Q q 0 0 0 rg BT 261.19 274.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 301.16 274.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 323.13 274.00 Td (and ) Tj ET Q q 0 0 0 rg BT 341.11 274.00 Td (short-term ) Tj ET Q q 0 0 0 rg BT 385.07 274.00 Td (investments ) Tj ET Q q 0 0 0 rg BT 436.05 274.00 Td (amounted ) Tj ET Q q 0 0 0 rg BT 479.04 274.00 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.51 274.00 Td ($85.0million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.03 274.00 Td (, ) Tj ET Q q 0 0 0 rg BT 545.49 274.00 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 263.20 Td (which ) Tj ET Q q 0 0 0 rg BT 85.10 263.20 Td ($49.5 ) Tj ET Q q 0 0 0 rg BT 110.72 263.20 Td (million ) Tj ET Q q 0 0 0 rg BT 139.32 263.20 Td (was ) Tj ET Q q 0 0 0 rg BT 158.41 263.20 Td (related ) Tj ET Q q 0 0 0 rg BT 189.02 263.20 Td (to ) Tj ET Q q 0 0 0 rg BT 199.62 263.20 Td (the ) Tj ET Q q 0 0 0 rg BT 215.23 263.20 Td (Kwoiek ) Tj ET Q q 0 0 0 rg BT 247.33 263.20 Td (Creek ) Tj ET Q q 0 0 0 rg BT 274.43 263.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 294.54 263.20 Td (and ) Tj ET Q q 0 0 0 rg BT 312.65 263.20 Td ($28.9million ) Tj ET Q q 0 0 0 rg BT 366.27 263.20 Td (was ) Tj ET Q q 0 0 0 rg BT 385.37 263.20 Td (related ) Tj ET Q q 0 0 0 rg BT 415.98 263.20 Td (to ) Tj ET Q q 0 0 0 rg BT 426.58 263.20 Td (the ) Tj ET Q q 0 0 0 rg BT 442.18 263.20 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 485.79 263.20 Td (Stave ) Tj ET Q q 0 0 0 rg BT 511.90 263.20 Td (River ) Tj ET Q q 0 0 0 rg BT 535.99 263.20 Td (loan ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 252.40 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 252.40 Td ($87.8million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 112.53 252.40 Td ( ) Tj ET Q q 0 0 0 rg BT 115.03 252.40 Td (as ) Tj ET Q q 0 0 0 rg BT 127.03 252.40 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 137.04 252.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 196.07 252.40 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 216.09 252.40 Td (, ) Tj ET Q q 0 0 0 rg BT 221.09 252.40 Td (of ) Tj ET Q q 0 0 0 rg BT 231.09 252.40 Td (which ) Tj ET Q q 0 0 0 rg BT 256.60 252.40 Td ($81.2 ) Tj ET Q q 0 0 0 rg BT 281.63 252.40 Td (million ) Tj ET Q q 0 0 0 rg BT 309.63 252.40 Td (was ) Tj ET Q q 0 0 0 rg BT 328.14 252.40 Td (related ) Tj ET Q q 0 0 0 rg BT 358.16 252.40 Td (to ) Tj ET Q q 0 0 0 rg BT 368.16 252.40 Td (the ) Tj ET Q q 0 0 0 rg BT 383.18 252.40 Td (Kwoiek ) Tj ET Q q 0 0 0 rg BT 414.69 252.40 Td (Creek ) Tj ET Q q 0 0 0 rg BT 441.20 252.40 Td (loan\). ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 230.80 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 97.57 230.80 Td (receivable ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 140.15 230.80 Td (decreased) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 182.18 230.80 Td ( ) Tj ET Q q 0 0 0 rg BT 183.73 230.80 Td (from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 203.28 230.80 Td ($50.1million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 253.81 230.80 Td ( ) Tj ET Q q 0 0 0 rg BT 255.36 230.80 Td (as ) Tj ET Q q 0 0 0 rg BT 266.42 230.80 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 275.47 230.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 333.55 230.80 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.57 230.80 Td (, ) Tj ET Q q 0 0 0 rg BT 357.63 230.80 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.68 230.80 Td ($41.9million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.21 230.80 Td ( ) Tj ET Q q 0 0 0 rg BT 418.76 230.80 Td (as ) Tj ET Q q 0 0 0 rg BT 429.82 230.80 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.88 230.80 Td (June30, ) Tj ET Q q 0 0 0 rg BT 474.96 230.80 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.98 230.80 Td (. ) Tj ET Q q 0 0 0 rg BT 498.93 230.80 Td (The ) Tj ET Q q 0 0 0 rg BT 515.99 230.80 Td (decrease ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 220.00 Td (stems ) Tj ET Q q 0 0 0 rg BT 84.41 220.00 Td (mainly ) Tj ET Q q 0 0 0 rg BT 111.83 220.00 Td (from ) Tj ET Q q 0 0 0 rg BT 131.24 220.00 Td (the ) Tj ET Q q 0 0 0 rg BT 145.16 220.00 Td (collection ) Tj ET Q q 0 0 0 rg BT 184.09 220.00 Td (of ) Tj ET Q q 0 0 0 rg BT 193.01 220.00 Td ($6.4 ) Tj ET Q q 0 0 0 rg BT 211.94 220.00 Td (million ) Tj ET Q q 0 0 0 rg BT 238.85 220.00 Td (in ) Tj ET Q q 0 0 0 rg BT 247.27 220.00 Td (commodity ) Tj ET Q q 0 0 0 rg BT 292.19 220.00 Td (taxes ) Tj ET Q q 0 0 0 rg BT 315.11 220.00 Td (receivable ) Tj ET Q q 0 0 0 rg BT 357.54 220.00 Td (for ) Tj ET Q q 0 0 0 rg BT 369.45 220.00 Td (the ) Tj ET Q q 0 0 0 rg BT 383.38 220.00 Td (Gros-Morne ) Tj ET Q q 0 0 0 rg BT 432.80 220.00 Td (wind ) Tj ET Q q 0 0 0 rg BT 452.72 220.00 Td (farm ) Tj ET Q q 0 0 0 rg BT 472.13 220.00 Td (and ) Tj ET Q q 0 0 0 rg BT 488.55 220.00 Td (the ) Tj ET Q q 0 0 0 rg BT 502.47 220.00 Td ($15.3million ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 209.20 Td (payment ) Tj ET Q q 0 0 0 rg BT 96.02 209.20 Td (for ) Tj ET Q q 0 0 0 rg BT 109.02 209.20 Td (the ) Tj ET Q q 0 0 0 rg BT 124.03 209.20 Td (Gros-Morne ) Tj ET Q q 0 0 0 rg BT 174.55 209.20 Td (substation, ) Tj ET Q q 0 0 0 rg BT 220.57 209.20 Td (partly ) Tj ET Q q 0 0 0 rg BT 245.08 209.20 Td (of) Tj ET Q q 0 0 0 rg BT 252.43 209.20 Td (fset ) Tj ET Q q 0 0 0 rg BT 269.43 209.20 Td (by ) Tj ET Q q 0 0 0 rg BT 281.44 209.20 Td (a ) Tj ET Q q 0 0 0 rg BT 288.94 209.20 Td ($16.6million ) Tj ET Q q 0 0 0 rg BT 341.97 209.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 378.49 209.20 Td (in ) Tj ET Q q 0 0 0 rg BT 388.00 209.20 Td (trades ) Tj ET Q q 0 0 0 rg BT 415.51 209.20 Td (receivable.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 187.60 Td (Loans ) Tj ET Q q 0 0 0 rg BT 86.14 187.60 Td (to ) Tj ET Q q 0 0 0 rg BT 96.27 187.60 Td (related ) Tj ET Q q 0 0 0 rg BT 126.41 187.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 156.05 187.60 Td (decreased ) Tj ET Q q 0 0 0 rg BT 200.70 187.60 Td (during ) Tj ET Q q 0 0 0 rg BT 228.34 187.60 Td (the ) Tj ET Q q 0 0 0 rg BT 243.47 187.60 Td (second ) Tj ET Q q 0 0 0 rg BT 275.11 187.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 306.25 187.60 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.90 187.60 Td (June30, ) Tj ET Q q 0 0 0 rg BT 371.05 187.60 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.07 187.60 Td (, ) Tj ET Q q 0 0 0 rg BT 396.19 187.60 Td (as ) Tj ET Q q 0 0 0 rg BT 408.32 187.60 Td (the ) Tj ET Q q 0 0 0 rg BT 423.45 187.60 Td (parent ) Tj ET Q q 0 0 0 rg BT 451.59 187.60 Td (of ) Tj ET Q q 0 0 0 rg BT 461.72 187.60 Td (the ) Tj ET Q q 0 0 0 rg BT 476.85 187.60 Td (Harrison ) Tj ET Q q 0 0 0 rg BT 513.48 187.60 Td (Operating ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 176.80 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 97.92 176.80 Td (completed ) Tj ET Q q 0 0 0 rg BT 143.35 176.80 Td (a ) Tj ET Q q 0 0 0 rg BT 152.26 176.80 Td (distribution ) Tj ET Q q 0 0 0 rg BT 199.69 176.80 Td (which ) Tj ET Q q 0 0 0 rg BT 226.61 176.80 Td (resulted ) Tj ET Q q 0 0 0 rg BT 262.54 176.80 Td (in ) Tj ET Q q 0 0 0 rg BT 273.45 176.80 Td (a ) Tj ET Q q 0 0 0 rg BT 282.37 176.80 Td (decrease ) Tj ET Q q 0 0 0 rg BT 323.30 176.80 Td (of ) Tj ET Q q 0 0 0 rg BT 334.71 176.80 Td ($23.4million ) Tj ET Q q 0 0 0 rg BT 389.15 176.80 Td (in ) Tj ET Q q 0 0 0 rg BT 400.07 176.80 Td (loans ) Tj ET Q q 0 0 0 rg BT 425.49 176.80 Td (to ) Tj ET Q q 0 0 0 rg BT 436.90 176.80 Td (related ) Tj ET Q q 0 0 0 rg BT 468.33 176.80 Td (parties, ) Tj ET Q q 0 0 0 rg BT 501.75 176.80 Td (as ) Tj ET Q q 0 0 0 rg BT 515.17 176.80 Td (well ) Tj ET Q q 0 0 0 rg BT 534.58 176.80 Td (as ) Tj ET Q q 0 0 0 rg BT 547.99 176.80 Td (a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 166.00 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 118.83 166.00 Td (decrease ) Tj ET Q q 0 0 0 rg BT 158.65 166.00 Td (in ) Tj ET Q q 0 0 0 rg BT 168.45 166.00 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 230.28 166.00 Td (interests, ) Tj ET Q q 0 0 0 rg BT 269.59 166.00 Td (with ) Tj ET Q q 0 0 0 rg BT 288.39 166.00 Td (no ) Tj ET Q q 0 0 0 rg BT 301.20 166.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 330.50 166.00 Td (on ) Tj ET Q q 0 0 0 rg BT 343.30 166.00 Td (net ) Tj ET Q q 0 0 0 rg BT 358.61 166.00 Td (earnings ) Tj ET Q q 0 0 0 rg BT 395.93 166.00 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 420.72 166.00 Td (or ) Tj ET Q q 0 0 0 rg BT 431.52 166.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 453.33 166.00 Td (flows. ) Tj ET Q q 0 0 0 rg BT 478.57 166.00 Td (Also ) Tj ET Q q 0 0 0 rg BT 498.87 166.00 Td (in ) Tj ET Q q 0 0 0 rg BT 508.67 166.00 Td (the ) Tj ET Q q 0 0 0 rg BT 523.98 166.00 Td (second ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 155.20 Td (quarter) Tj ET Q q 0 0 0 rg BT 87.02 155.20 Td (, ) Tj ET Q q 0 0 0 rg BT 91.45 155.20 Td (the ) Tj ET Q q 0 0 0 rg BT 105.90 155.20 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 154.86 155.20 Td (recorded ) Tj ET Q q 0 0 0 rg BT 192.31 155.20 Td (a ) Tj ET Q q 0 0 0 rg BT 199.25 155.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 218.20 155.20 Td (to ) Tj ET Q q 0 0 0 rg BT 227.64 155.20 Td (a ) Tj ET Q q 0 0 0 rg BT 234.58 155.20 Td (related ) Tj ET Q q 0 0 0 rg BT 264.04 155.20 Td (party ) Tj ET Q q 0 0 0 rg BT 285.98 155.20 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.42 155.20 Td ($13.5million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.95 155.20 Td (, ) Tj ET Q q 0 0 0 rg BT 350.38 155.20 Td (representing ) Tj ET Q q 0 0 0 rg BT 402.35 155.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 423.29 155.20 Td (advances ) Tj ET Q q 0 0 0 rg BT 463.75 155.20 Td (in ) Tj ET Q q 0 0 0 rg BT 472.69 155.20 Td (the ) Tj ET Q q 0 0 0 rg BT 487.14 155.20 Td (V) Tj ET Q q 0 0 0 rg BT 492.98 155.20 Td (iger-Denonville ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 144.40 Td (joint ) Tj ET Q q 0 0 0 rg BT 78.01 144.40 Td (venture ) Tj ET Q q 0 0 0 rg BT 110.53 144.40 Td (until ) Tj ET Q q 0 0 0 rg BT 129.54 144.40 Td (such ) Tj ET Q q 0 0 0 rg BT 151.05 144.40 Td (time ) Tj ET Q q 0 0 0 rg BT 170.56 144.40 Td (as ) Tj ET Q q 0 0 0 rg BT 182.56 144.40 Td (the ) Tj ET Q q 0 0 0 rg BT 197.57 144.40 Td (project-level ) Tj ET Q q 0 0 0 rg BT 248.59 144.40 Td (financing ) Tj ET Q q 0 0 0 rg BT 287.12 144.40 Td (was ) Tj ET Q q 0 0 0 rg BT 305.63 144.40 Td (put ) Tj ET Q q 0 0 0 rg BT 320.64 144.40 Td (in ) Tj ET Q q 0 0 0 rg BT 330.14 144.40 Td (place.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 122.80 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 98.56 122.80 Td (payable ) Tj ET Q q 0 0 0 rg BT 132.63 122.80 Td (and ) Tj ET Q q 0 0 0 rg BT 150.20 122.80 Td (other ) Tj ET Q q 0 0 0 rg BT 173.25 122.80 Td (payables ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 211.82 122.80 Td (increased) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 250.85 122.80 Td ( ) Tj ET Q q 0 0 0 rg BT 253.39 122.80 Td (from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 273.94 122.80 Td ($41.3million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.46 122.80 Td ( ) Tj ET Q q 0 0 0 rg BT 327.01 122.80 Td (as ) Tj ET Q q 0 0 0 rg BT 339.06 122.80 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.11 122.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 408.18 122.80 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.20 122.80 Td (, ) Tj ET Q q 0 0 0 rg BT 433.25 122.80 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.30 122.80 Td ($52.7million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.83 122.80 Td ( ) Tj ET Q q 0 0 0 rg BT 496.37 122.80 Td (as ) Tj ET Q q 0 0 0 rg BT 508.42 122.80 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.47 122.80 Td (June30, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 112.00 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.02 112.00 Td (, ) Tj ET Q q 0 0 0 rg BT 84.56 112.00 Td (due ) Tj ET Q q 0 0 0 rg BT 102.62 112.00 Td (mainly ) Tj ET Q q 0 0 0 rg BT 131.66 112.00 Td (to ) Tj ET Q q 0 0 0 rg BT 142.21 112.00 Td (accounts ) Tj ET Q q 0 0 0 rg BT 181.27 112.00 Td (payable ) Tj ET Q q 0 0 0 rg BT 215.83 112.00 Td (related ) Tj ET Q q 0 0 0 rg BT 246.39 112.00 Td (to ) Tj ET Q q 0 0 0 rg BT 256.94 112.00 Td (the ) Tj ET Q q 0 0 0 rg BT 272.49 112.00 Td (construction ) Tj ET Q q 0 0 0 rg BT 324.05 112.00 Td (of ) Tj ET Q q 0 0 0 rg BT 334.59 112.00 Td (the ) Tj ET Q q 0 0 0 rg BT 350.15 112.00 Td (Kwoiek ) Tj ET Q q 0 0 0 rg BT 382.20 112.00 Td (Creek ) Tj ET Q q 0 0 0 rg BT 409.24 112.00 Td (project ) Tj ET Q q 0 0 0 rg BT 439.30 112.00 Td (and ) Tj ET Q q 0 0 0 rg BT 457.35 112.00 Td (to ) Tj ET Q q 0 0 0 rg BT 467.90 112.00 Td (the ) Tj ET Q q 0 0 0 rg BT 483.45 112.00 Td (reclassification ) Tj ET Q q 0 0 0 rg BT 545.51 112.00 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 101.20 Td (short-term ) Tj ET Q q 0 0 0 rg BT 102.51 101.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 139.02 101.20 Td (of ) Tj ET Q q 0 0 0 rg BT 149.03 101.20 Td (accounts ) Tj ET Q q 0 0 0 rg BT 187.55 101.20 Td (payable ) Tj ET Q q 0 0 0 rg BT 221.58 101.20 Td (related ) Tj ET Q q 0 0 0 rg BT 251.59 101.20 Td (to ) Tj ET Q q 0 0 0 rg BT 261.60 101.20 Td (the ) Tj ET Q q 0 0 0 rg BT 276.61 101.20 Td (construction ) Tj ET Q q 0 0 0 rg BT 327.64 101.20 Td (of ) Tj ET Q q 0 0 0 rg BT 337.64 101.20 Td (the ) Tj ET Q q 0 0 0 rg BT 352.66 101.20 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 395.67 101.20 Td (Stave ) Tj ET Q q 0 0 0 rg BT 421.18 101.20 Td (River ) Tj ET Q q 0 0 0 rg BT 444.69 101.20 Td (project.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 79.60 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 103.14 79.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.29 79.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 190.93 79.60 Td (included ) Tj ET Q q 0 0 0 rg BT 228.58 79.60 Td (in ) Tj ET Q q 0 0 0 rg BT 239.71 79.60 Td (current ) Tj ET Q q 0 0 0 rg BT 271.85 79.60 Td (liabilities ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.99 79.60 Td (decreased) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 352.02 79.60 Td ( ) Tj ET Q q 0 0 0 rg BT 356.15 79.60 Td (from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 378.27 79.60 Td ($17.2million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.80 79.60 Td ( ) Tj ET Q q 0 0 0 rg BT 432.93 79.60 Td (as ) Tj ET Q q 0 0 0 rg BT 446.56 79.60 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.19 79.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 518.84 79.60 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.87 79.60 Td (, ) Tj ET Q q 0 0 0 rg BT 545.49 79.60 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 68.80 Td ($12.4million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.53 68.80 Td ( ) Tj ET Q q 0 0 0 rg BT 112.03 68.80 Td (as ) Tj ET Q q 0 0 0 rg BT 124.03 68.80 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 134.04 68.80 Td (June30, ) Tj ET Q q 0 0 0 rg BT 171.07 68.80 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 191.09 68.80 Td (, ) Tj ET Q q 0 0 0 rg BT 196.09 68.80 Td (as ) Tj ET Q q 0 0 0 rg BT 208.10 68.80 Td (a ) Tj ET Q q 0 0 0 rg BT 215.60 68.80 Td (result ) Tj ET Q q 0 0 0 rg BT 240.11 68.80 Td (of ) Tj ET Q q 0 0 0 rg BT 250.12 68.80 Td (the ) Tj ET Q q 0 0 0 rg BT 265.13 68.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 301.65 68.80 Td (in ) Tj ET Q q 0 0 0 rg BT 311.15 68.80 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 358.18 68.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 390.19 68.80 Td (rates. ) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 695.45 Td (Current ) Tj ET Q q 0 0 0 rg BT 91.43 695.45 Td (portion ) Tj ET Q q 0 0 0 rg BT 121.37 695.45 Td (of ) Tj ET Q q 0 0 0 rg BT 131.29 695.45 Td (long-term ) Tj ET Q q 0 0 0 rg BT 171.73 695.45 Td (debt ) Tj ET Q q 0 0 0 rg BT 191.66 695.45 Td (relates ) Tj ET Q q 0 0 0 rg BT 221.10 695.45 Td (to ) Tj ET Q q 0 0 0 rg BT 231.02 695.45 Td (the ) Tj ET Q q 0 0 0 rg BT 245.95 695.45 Td (payments ) Tj ET Q q 0 0 0 rg BT 287.39 695.45 Td (to ) Tj ET Q q 0 0 0 rg BT 297.32 695.45 Td (be ) Tj ET Q q 0 0 0 rg BT 309.75 695.45 Td (made ) Tj ET Q q 0 0 0 rg BT 334.68 695.45 Td (within ) Tj ET Q q 0 0 0 rg BT 360.11 695.45 Td (a ) Tj ET Q q 0 0 0 rg BT 367.54 695.45 Td (year ) Tj ET Q q 0 0 0 rg BT 387.46 695.45 Td (on ) Tj ET Q q 0 0 0 rg BT 399.90 695.45 Td (the ) Tj ET Q q 0 0 0 rg BT 414.83 695.45 Td (term ) Tj ET Q q 0 0 0 rg BT 435.25 695.45 Td (loans ) Tj ET Q q 0 0 0 rg BT 459.18 695.45 Td (and ) Tj ET Q q 0 0 0 rg BT 476.62 695.45 Td (bonds ) Tj ET Q q 0 0 0 rg BT 503.56 695.45 Td (of ) Tj ET Q q 0 0 0 rg BT 513.49 695.45 Td (Operating ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 684.65 Td (Facilities. ) Tj ET Q q 0 0 0 rg BT 98.47 684.65 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 116.08 684.65 Td (decrease) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 153.10 684.65 Td ( ) Tj ET Q q 0 0 0 rg BT 155.20 684.65 Td (from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 175.30 684.65 Td ($63.9million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 225.83 684.65 Td ( ) Tj ET Q q 0 0 0 rg BT 227.92 684.65 Td (as ) Tj ET Q q 0 0 0 rg BT 239.53 684.65 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 249.13 684.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 307.76 684.65 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.78 684.65 Td (, ) Tj ET Q q 0 0 0 rg BT 332.38 684.65 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.98 684.65 Td ($24.2million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.51 684.65 Td ( ) Tj ET Q q 0 0 0 rg BT 394.61 684.65 Td (as ) Tj ET Q q 0 0 0 rg BT 406.21 684.65 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 415.82 684.65 Td (June30, ) Tj ET Q q 0 0 0 rg BT 452.45 684.65 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.47 684.65 Td (, ) Tj ET Q q 0 0 0 rg BT 477.07 684.65 Td (is ) Tj ET Q q 0 0 0 rg BT 485.66 684.65 Td (due ) Tj ET Q q 0 0 0 rg BT 502.78 684.65 Td (mainly ) Tj ET Q q 0 0 0 rg BT 530.88 684.65 Td (to ) Tj ET Q q 0 0 0 rg BT 540.49 684.65 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 673.85 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 105.53 673.85 Td (of ) Tj ET Q q 0 0 0 rg BT 115.54 673.85 Td (the ) Tj ET Q q 0 0 0 rg BT 130.55 673.85 Td (Carleton ) Tj ET Q q 0 0 0 rg BT 167.07 673.85 Td (loan ) Tj ET Q q 0 0 0 rg BT 186.58 673.85 Td (and ) Tj ET Q q 0 0 0 rg BT 204.10 673.85 Td (the ) Tj ET Q q 0 0 0 rg BT 219.11 673.85 Td (reclassification ) Tj ET Q q 0 0 0 rg BT 280.63 673.85 Td (of ) Tj ET Q q 0 0 0 rg BT 290.64 673.85 Td (the ) Tj ET Q q 0 0 0 rg BT 305.65 673.85 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 354.69 673.85 Td (balance ) Tj ET Q q 0 0 0 rg BT 388.72 673.85 Td (of ) Tj ET Q q 0 0 0 rg BT 398.72 673.85 Td (the ) Tj ET Q q 0 0 0 rg BT 413.74 673.85 Td (loan ) Tj ET Q q 0 0 0 rg BT 433.25 673.85 Td (as ) Tj ET Q q 0 0 0 rg BT 445.26 673.85 Td (long-term ) Tj ET Q q 0 0 0 rg BT 485.77 673.85 Td (debt.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 652.25 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 96.20 652.25 Td (Accounts) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.50 641.75 279.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 337.50 641.75 107.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 444.50 641.75 108.00 -15.00 re f /GS0 gs 0.7529411764705882 0.7529411764705882 0.7529411764705882 rg /GS0 gs 337.50 626.75 107.00 -16.00 re f /GS0 gs 0.7529411764705882 0.7529411764705882 0.7529411764705882 rg /GS0 gs 337.50 610.75 107.00 -13.00 re f /GS0 gs 0.7529411764705882 0.7529411764705882 0.7529411764705882 rg /GS0 gs 337.50 597.75 107.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 626.75 m 337.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 626.75 m 444.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 626.75 m 552.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 626.75 m 444.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 626.75 m 552.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 597.75 m 337.5 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 597.75 m 444.5 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 597.75 m 552.5 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 583.75 m 337.5 583.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 581.75 m 337.5 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 597.75 m 444.5 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 583.75 m 444.5 583.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 581.75 m 444.5 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 597.75 m 552.5 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 583.75 m 552.5 583.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 581.75 m 552.5 581.75 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 361.95 631.15 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 458.45 631.15 Td (December 31, 2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.00 615.15 Td (Hydrology/wind reserve) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.45 615.15 Td (44,935) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.45 615.15 Td (45,291) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 601.70 Td (Major maintenance reserve) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 406.45 601.70 Td (2,792) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.45 601.70 Td (2,325) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 587.15 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.45 587.15 Td (47,727) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.45 587.15 Td (47,616) Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 561.65 Td (The ) Tj ET Q q 0 0 0 rg BT 77.01 561.65 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 126.54 561.65 Td (holds ) Tj ET Q q 0 0 0 rg BT 150.55 561.65 Td (two ) Tj ET Q q 0 0 0 rg BT 167.06 561.65 Td (types ) Tj ET Q q 0 0 0 rg BT 191.07 561.65 Td (of ) Tj ET Q q 0 0 0 rg BT 201.08 561.65 Td (reserve ) Tj ET Q q 0 0 0 rg BT 233.59 561.65 Td (accounts ) Tj ET Q q 0 0 0 rg BT 272.11 561.65 Td (designed ) Tj ET Q q 0 0 0 rg BT 311.14 561.65 Td (to ) Tj ET Q q 0 0 0 rg BT 321.15 561.65 Td (help ) Tj ET Q q 0 0 0 rg BT 340.66 561.65 Td (ensure ) Tj ET Q q 0 0 0 rg BT 370.68 561.65 Td (its ) Tj ET Q q 0 0 0 rg BT 382.18 561.65 Td (stability:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 540.05 Td (i\) ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 540.05 Td (The ) Tj ET Q q 0 0 0 rg BT 113.38 540.05 Td (Hydrology/wind ) Tj ET Q q 0 0 0 rg BT 177.78 540.05 Td (reserve ) Tj ET Q q 0 0 0 rg BT 210.66 540.05 Td (is ) Tj ET Q q 0 0 0 rg BT 220.03 540.05 Td (established ) Tj ET Q q 0 0 0 rg BT 268.43 540.05 Td (at ) Tj ET Q q 0 0 0 rg BT 278.81 540.05 Td (the ) Tj ET Q q 0 0 0 rg BT 294.19 540.05 Td (start ) Tj ET Q q 0 0 0 rg BT 314.56 540.05 Td (of ) Tj ET Q q 0 0 0 rg BT 324.94 540.05 Td (commercial ) Tj ET Q q 0 0 0 rg BT 373.82 540.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 418.72 540.05 Td (at ) Tj ET Q q 0 0 0 rg BT 429.09 540.05 Td (a ) Tj ET Q q 0 0 0 rg BT 436.97 540.05 Td (facility ) Tj ET Q q 0 0 0 rg BT 464.84 540.05 Td (to ) Tj ET Q q 0 0 0 rg BT 475.22 540.05 Td (compensate ) Tj ET Q q 0 0 0 rg BT 527.12 540.05 Td (for ) Tj ET Q q 0 0 0 rg BT 540.49 540.05 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 529.25 Td (variability ) Tj ET Q q 0 0 0 rg BT 135.29 529.25 Td (of ) Tj ET Q q 0 0 0 rg BT 145.58 529.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 167.37 529.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 190.65 529.25 Td (related ) Tj ET Q q 0 0 0 rg BT 220.95 529.25 Td (to ) Tj ET Q q 0 0 0 rg BT 231.24 529.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 279.55 529.25 Td (in ) Tj ET Q q 0 0 0 rg BT 289.33 529.25 Td (hydrology ) Tj ET Q q 0 0 0 rg BT 331.14 529.25 Td (and ) Tj ET Q q 0 0 0 rg BT 348.93 529.25 Td (the ) Tj ET Q q 0 0 0 rg BT 364.22 529.25 Td (wind ) Tj ET Q q 0 0 0 rg BT 385.51 529.25 Td (regime ) Tj ET Q q 0 0 0 rg BT 415.80 529.25 Td (and ) Tj ET Q q 0 0 0 rg BT 433.60 529.25 Td (to ) Tj ET Q q 0 0 0 rg BT 443.89 529.25 Td (other ) Tj ET Q q 0 0 0 rg BT 467.18 529.25 Td (unpredictable ) Tj ET Q q 0 0 0 rg BT 524.00 529.25 Td (events. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 518.45 Td (The ) Tj ET Q q 0 0 0 rg BT 112.97 518.45 Td (amounts ) Tj ET Q q 0 0 0 rg BT 149.95 518.45 Td (in ) Tj ET Q q 0 0 0 rg BT 159.42 518.45 Td (this ) Tj ET Q q 0 0 0 rg BT 175.89 518.45 Td (reserve ) Tj ET Q q 0 0 0 rg BT 208.36 518.45 Td (are ) Tj ET Q q 0 0 0 rg BT 223.83 518.45 Td (expected ) Tj ET Q q 0 0 0 rg BT 262.82 518.45 Td (to ) Tj ET Q q 0 0 0 rg BT 272.79 518.45 Td (vary ) Tj ET Q q 0 0 0 rg BT 292.25 518.45 Td (from ) Tj ET Q q 0 0 0 rg BT 312.72 518.45 Td (quarter ) Tj ET Q q 0 0 0 rg BT 343.69 518.45 Td (to ) Tj ET Q q 0 0 0 rg BT 353.66 518.45 Td (quarter ) Tj ET Q q 0 0 0 rg BT 384.64 518.45 Td (according ) Tj ET Q q 0 0 0 rg BT 426.13 518.45 Td (to ) Tj ET Q q 0 0 0 rg BT 436.09 518.45 Td (the ) Tj ET Q q 0 0 0 rg BT 451.07 518.45 Td (seasonality ) Tj ET Q q 0 0 0 rg BT 498.56 518.45 Td (of ) Tj ET Q q 0 0 0 rg BT 508.53 518.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 530.00 518.45 Td (flows. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 496.85 Td (ii\) ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 496.85 Td (The ) Tj ET Q q 0 0 0 rg BT 113.50 496.85 Td (Major ) Tj ET Q q 0 0 0 rg BT 138.99 496.85 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 193.51 496.85 Td (reserve ) Tj ET Q q 0 0 0 rg BT 226.51 496.85 Td (is ) Tj ET Q q 0 0 0 rg BT 236.00 496.85 Td (established ) Tj ET Q q 0 0 0 rg BT 284.52 496.85 Td (in ) Tj ET Q q 0 0 0 rg BT 294.51 496.85 Td (order ) Tj ET Q q 0 0 0 rg BT 318.51 496.85 Td (to ) Tj ET Q q 0 0 0 rg BT 329.00 496.85 Td (prefund ) Tj ET Q q 0 0 0 rg BT 362.51 496.85 Td (any ) Tj ET Q q 0 0 0 rg BT 380.01 496.85 Td (major ) Tj ET Q q 0 0 0 rg BT 405.50 496.85 Td (plant ) Tj ET Q q 0 0 0 rg BT 428.01 496.85 Td (repairs ) Tj ET Q q 0 0 0 rg BT 458.50 496.85 Td (that ) Tj ET Q q 0 0 0 rg BT 476.50 496.85 Td (may ) Tj ET Q q 0 0 0 rg BT 496.49 496.85 Td (be ) Tj ET Q q 0 0 0 rg BT 509.49 496.85 Td (required ) Tj ET Q q 0 0 0 rg BT 545.50 496.85 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 486.05 Td (maintain ) Tj ET Q q 0 0 0 rg BT 131.52 486.05 Td (the ) Tj ET Q q 0 0 0 rg BT 146.53 486.05 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 202.27 486.05 Td (generating ) Tj ET Q q 0 0 0 rg BT 247.31 486.05 Td (capacity) Tj ET Q q 0 0 0 rg BT 279.66 486.05 Td (. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 464.45 Td (The ) Tj ET Q q 0 0 0 rg BT 76.17 464.45 Td (availability ) Tj ET Q q 0 0 0 rg BT 119.35 464.45 Td (of ) Tj ET Q q 0 0 0 rg BT 128.52 464.45 Td (funds ) Tj ET Q q 0 0 0 rg BT 152.20 464.45 Td (in ) Tj ET Q q 0 0 0 rg BT 160.87 464.45 Td (the ) Tj ET Q q 0 0 0 rg BT 175.04 464.45 Td (Hydrology/wind ) Tj ET Q q 0 0 0 rg BT 238.24 464.45 Td (and ) Tj ET Q q 0 0 0 rg BT 254.92 464.45 Td (Major ) Tj ET Q q 0 0 0 rg BT 279.08 464.45 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 332.28 464.45 Td (reserve ) Tj ET Q q 0 0 0 rg BT 363.95 464.45 Td (accounts ) Tj ET Q q 0 0 0 rg BT 401.64 464.45 Td (may ) Tj ET Q q 0 0 0 rg BT 420.30 464.45 Td (be ) Tj ET Q q 0 0 0 rg BT 431.98 464.45 Td (restricted ) Tj ET Q q 0 0 0 rg BT 470.65 464.45 Td (by ) Tj ET Q q 0 0 0 rg BT 481.82 464.45 Td (credit ) Tj ET Q q 0 0 0 rg BT 505.49 464.45 Td (agreements ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 453.65 Td (and ) Tj ET Q q 0 0 0 rg BT 76.52 453.65 Td (trust ) Tj ET Q q 0 0 0 rg BT 96.52 453.65 Td (indentures.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 432.05 Td (Property) Tj ET Q q 0 0 0 rg BT 95.34 432.05 Td (, ) Tj ET Q q 0 0 0 rg BT 100.34 432.05 Td (Plant ) Tj ET Q q 0 0 0 rg BT 124.85 432.05 Td (and ) Tj ET Q q 0 0 0 rg BT 143.35 432.05 Td (Equipment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 410.45 Td (Property) Tj ET Q q 0 0 0 rg BT 92.35 410.45 Td (, ) Tj ET Q q 0 0 0 rg BT 97.58 410.45 Td (plant ) Tj ET Q q 0 0 0 rg BT 119.83 410.45 Td (and ) Tj ET Q q 0 0 0 rg BT 137.58 410.45 Td (equipment ) Tj ET Q q 0 0 0 rg BT 182.35 410.45 Td (are ) Tj ET Q q 0 0 0 rg BT 198.09 410.45 Td (comprised ) Tj ET Q q 0 0 0 rg BT 242.34 410.45 Td (mainly ) Tj ET Q q 0 0 0 rg BT 271.08 410.45 Td (of ) Tj ET Q q 0 0 0 rg BT 281.32 410.45 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 335.08 410.45 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 372.32 410.45 Td (wind ) Tj ET Q q 0 0 0 rg BT 393.57 410.45 Td (farms ) Tj ET Q q 0 0 0 rg BT 418.80 410.45 Td (and ) Tj ET Q q 0 0 0 rg BT 436.55 410.45 Td (a ) Tj ET Q q 0 0 0 rg BT 444.29 410.45 Td (solar ) Tj ET Q q 0 0 0 rg BT 466.54 410.45 Td (farm ) Tj ET Q q 0 0 0 rg BT 487.27 410.45 Td (that ) Tj ET Q q 0 0 0 rg BT 505.02 410.45 Td (are ) Tj ET Q q 0 0 0 rg BT 520.76 410.45 Td (either ) Tj ET Q q 0 0 0 rg BT 546.01 410.45 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 399.65 Td (operation ) Tj ET Q q 0 0 0 rg BT 98.35 399.65 Td (or ) Tj ET Q q 0 0 0 rg BT 108.18 399.65 Td (under ) Tj ET Q q 0 0 0 rg BT 133.02 399.65 Td (construction. ) Tj ET Q q 0 0 0 rg BT 185.75 399.65 Td (They ) Tj ET Q q 0 0 0 rg BT 207.59 399.65 Td (are ) Tj ET Q q 0 0 0 rg BT 222.42 399.65 Td (recorded ) Tj ET Q q 0 0 0 rg BT 259.76 399.65 Td (at ) Tj ET Q q 0 0 0 rg BT 269.09 399.65 Td (cost ) Tj ET Q q 0 0 0 rg BT 287.42 399.65 Td (less ) Tj ET Q q 0 0 0 rg BT 305.25 399.65 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 358.11 399.65 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 408.96 399.65 Td (and ) Tj ET Q q 0 0 0 rg BT 425.80 399.65 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 478.66 399.65 Td (impairment ) Tj ET Q q 0 0 0 rg BT 524.99 399.65 Td (losses. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 388.85 Td (They ) Tj ET Q q 0 0 0 rg BT 81.40 388.85 Td (are ) Tj ET Q q 0 0 0 rg BT 96.79 388.85 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 146.22 388.85 Td (using ) Tj ET Q q 0 0 0 rg BT 170.12 388.85 Td (the ) Tj ET Q q 0 0 0 rg BT 185.02 388.85 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 233.93 388.85 Td (method ) Tj ET Q q 0 0 0 rg BT 266.33 388.85 Td (over ) Tj ET Q q 0 0 0 rg BT 286.23 388.85 Td (the ) Tj ET Q q 0 0 0 rg BT 301.13 388.85 Td (lesser ) Tj ET Q q 0 0 0 rg BT 327.53 388.85 Td (of ) Tj ET Q q 0 0 0 rg BT 337.42 388.85 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 347.80 388.85 Td (the ) Tj ET Q q 0 0 0 rg BT 362.70 388.85 Td (period ) Tj ET Q q 0 0 0 rg BT 390.11 388.85 Td (for ) Tj ET Q q 0 0 0 rg BT 403.00 388.85 Td (which ) Tj ET Q q 0 0 0 rg BT 428.40 388.85 Td (the ) Tj ET Q q 0 0 0 rg BT 443.30 388.85 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 492.71 388.85 Td (owns ) Tj ET Q q 0 0 0 rg BT 516.11 388.85 Td (the ) Tj ET Q q 0 0 0 rg BT 531.01 388.85 Td (rights ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 378.05 Td (to ) Tj ET Q q 0 0 0 rg BT 69.37 378.05 Td (the ) Tj ET Q q 0 0 0 rg BT 84.74 378.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 113.62 378.05 Td (or ) Tj ET Q q 0 0 0 rg BT 124.48 378.05 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 137.34 378.05 Td (a ) Tj ET Q q 0 0 0 rg BT 145.21 378.05 Td (period ) Tj ET Q q 0 0 0 rg BT 173.09 378.05 Td (of ) Tj ET Q q 0 0 0 rg BT 183.46 378.05 Td (15 ) Tj ET Q q 0 0 0 rg BT 196.33 378.05 Td (to ) Tj ET Q q 0 0 0 rg BT 206.70 378.05 Td (75 ) Tj ET Q q 0 0 0 rg BT 219.58 378.05 Td (years ) Tj ET Q q 0 0 0 rg BT 244.45 378.05 Td (for ) Tj ET Q q 0 0 0 rg BT 257.81 378.05 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 311.70 378.05 Td (facilities ) Tj ET Q q 0 0 0 rg BT 346.57 378.05 Td (or ) Tj ET Q q 0 0 0 rg BT 357.44 378.05 Td (15 ) Tj ET Q q 0 0 0 rg BT 370.31 378.05 Td (to ) Tj ET Q q 0 0 0 rg BT 380.68 378.05 Td (25 ) Tj ET Q q 0 0 0 rg BT 393.55 378.05 Td (years ) Tj ET Q q 0 0 0 rg BT 418.42 378.05 Td (for ) Tj ET Q q 0 0 0 rg BT 431.79 378.05 Td (wind ) Tj ET Q q 0 0 0 rg BT 453.16 378.05 Td (farms ) Tj ET Q q 0 0 0 rg BT 478.53 378.05 Td (or ) Tj ET Q q 0 0 0 rg BT 489.39 378.05 Td (25 ) Tj ET Q q 0 0 0 rg BT 502.27 378.05 Td (years ) Tj ET Q q 0 0 0 rg BT 527.14 378.05 Td (for ) Tj ET Q q 0 0 0 rg BT 540.50 378.05 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 367.25 Td (solar ) Tj ET Q q 0 0 0 rg BT 83.05 367.25 Td (farm. ) Tj ET Q q 0 0 0 rg BT 107.80 367.25 Td (The ) Tj ET Q q 0 0 0 rg BT 127.85 367.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 179.42 367.25 Td (had ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 198.98 367.25 Td ($1,460million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 254.52 367.25 Td ( ) Tj ET Q q 0 0 0 rg BT 259.06 367.25 Td (in ) Tj ET Q q 0 0 0 rg BT 270.61 367.25 Td (property) Tj ET Q q 0 0 0 rg BT 302.96 367.25 Td (, ) Tj ET Q q 0 0 0 rg BT 310.00 367.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 334.06 367.25 Td (and ) Tj ET Q q 0 0 0 rg BT 353.62 367.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 400.19 367.25 Td (as ) Tj ET Q q 0 0 0 rg BT 414.24 367.25 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.29 367.25 Td (June30, ) Tj ET Q q 0 0 0 rg BT 465.37 367.25 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.39 367.25 Td (, ) Tj ET Q q 0 0 0 rg BT 492.43 367.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 537.00 367.25 Td (with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 356.45 Td ($1,427million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 114.53 356.45 Td ( ) Tj ET Q q 0 0 0 rg BT 117.53 356.45 Td (as ) Tj ET Q q 0 0 0 rg BT 130.04 356.45 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 140.54 356.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 200.07 356.45 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 220.09 356.45 Td (. ) Tj ET Q q 0 0 0 rg BT 225.39 356.45 Td (This ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.39 356.45 Td (increase) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 279.41 356.45 Td ( ) Tj ET Q q 0 0 0 rg BT 282.41 356.45 Td (stems ) Tj ET Q q 0 0 0 rg BT 309.41 356.45 Td (mainly ) Tj ET Q q 0 0 0 rg BT 338.42 356.45 Td (from ) Tj ET Q q 0 0 0 rg BT 359.41 356.45 Td (Development ) Tj ET Q q 0 0 0 rg BT 415.44 356.45 Td (Projects ) Tj ET Q q 0 0 0 rg BT 450.95 356.45 Td (under ) Tj ET Q q 0 0 0 rg BT 476.97 356.45 Td (construction, ) Tj ET Q q 0 0 0 rg BT 530.99 356.45 Td (partly ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 345.65 Td (of) Tj ET Q q 0 0 0 rg BT 66.34 345.65 Td (fset ) Tj ET Q q 0 0 0 rg BT 83.35 345.65 Td (by ) Tj ET Q q 0 0 0 rg BT 95.36 345.65 Td (depreciation. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 324.05 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 103.67 324.05 Td (Assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 302.45 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 101.10 302.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 130.18 302.45 Td (consist ) Tj ET Q q 0 0 0 rg BT 161.25 302.45 Td (of ) Tj ET Q q 0 0 0 rg BT 171.82 302.45 Td (various ) Tj ET Q q 0 0 0 rg BT 203.90 302.45 Td (PP) Tj ET Q q 0 0 0 rg BT 215.24 302.45 Td (As, ) Tj ET Q q 0 0 0 rg BT 231.31 302.45 Td (permits ) Tj ET Q q 0 0 0 rg BT 263.88 302.45 Td (and ) Tj ET Q q 0 0 0 rg BT 281.96 302.45 Td (licences. ) Tj ET Q q 0 0 0 rg BT 319.84 302.45 Td (They ) Tj ET Q q 0 0 0 rg BT 342.92 302.45 Td (also ) Tj ET Q q 0 0 0 rg BT 362.49 302.45 Td (include ) Tj ET Q q 0 0 0 rg BT 394.08 302.45 Td (the ) Tj ET Q q 0 0 0 rg BT 409.66 302.45 Td (extended ) Tj ET Q q 0 0 0 rg BT 449.76 302.45 Td (warranty ) Tj ET Q q 0 0 0 rg BT 487.33 302.45 Td (for ) Tj ET Q q 0 0 0 rg BT 500.90 302.45 Td (the ) Tj ET Q q 0 0 0 rg BT 516.48 302.45 Td (Carleton, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 291.65 Td (Montagne ) Tj ET Q q 0 0 0 rg BT 102.66 291.65 Td (Sche ) Tj ET Q q 0 0 0 rg BT 131.81 291.65 Td (and ) Tj ET Q q 0 0 0 rg BT 150.46 291.65 Td (Gros-Morne ) Tj ET Q q 0 0 0 rg BT 202.10 291.65 Td (wind ) Tj ET Q q 0 0 0 rg BT 224.25 291.65 Td (farm ) Tj ET Q q 0 0 0 rg BT 245.88 291.65 Td (turbines. ) Tj ET Q q 0 0 0 rg BT 283.79 291.65 Td (The ) Tj ET Q q 0 0 0 rg BT 302.93 291.65 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 353.59 291.65 Td (reported ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 390.75 291.65 Td ($418.6million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.28 291.65 Td ( ) Tj ET Q q 0 0 0 rg BT 449.91 291.65 Td (in ) Tj ET Q q 0 0 0 rg BT 460.55 291.65 Td (intangible ) Tj ET Q q 0 0 0 rg BT 502.71 291.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 532.36 291.65 Td (as ) Tj ET Q q 0 0 0 rg BT 545.49 291.65 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 280.85 Td (June30, ) Tj ET Q q 0 0 0 rg BT 95.52 280.85 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 115.54 280.85 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 120.04 280.85 Td (a ) Tj ET Q q 0 0 0 rg BT 127.03 280.85 Td (decrease) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 164.06 280.85 Td ( ) Tj ET Q q 0 0 0 rg BT 166.05 280.85 Td (from ) Tj ET Q q 0 0 0 rg BT 186.04 280.85 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 200.55 280.85 Td ($429.4million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.08 280.85 Td ( ) Tj ET Q q 0 0 0 rg BT 258.07 280.85 Td (reported ) Tj ET Q q 0 0 0 rg BT 293.59 280.85 Td (as ) Tj ET Q q 0 0 0 rg BT 305.08 280.85 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 314.58 280.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 373.10 280.85 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.12 280.85 Td (. ) Tj ET Q q 0 0 0 rg BT 397.49 280.85 Td (This ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.48 280.85 Td (decrease) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.51 280.85 Td ( ) Tj ET Q q 0 0 0 rg BT 455.50 280.85 Td (stems ) Tj ET Q q 0 0 0 rg BT 481.50 280.85 Td (from ) Tj ET Q q 0 0 0 rg BT 501.49 280.85 Td (amortization. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 270.05 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 101.11 270.05 Td (assets, ) Tj ET Q q 0 0 0 rg BT 132.71 270.05 Td (excluding ) Tj ET Q q 0 0 0 rg BT 173.81 270.05 Td ($4.7million ) Tj ET Q q 0 0 0 rg BT 222.42 270.05 Td (related ) Tj ET Q q 0 0 0 rg BT 253.01 270.05 Td (to ) Tj ET Q q 0 0 0 rg BT 263.60 270.05 Td (the ) Tj ET Q q 0 0 0 rg BT 279.19 270.05 Td (wind ) Tj ET Q q 0 0 0 rg BT 300.78 270.05 Td (farms' ) Tj ET Q q 0 0 0 rg BT 328.08 270.05 Td (extended ) Tj ET Q q 0 0 0 rg BT 368.19 270.05 Td (warranty) Tj ET Q q 0 0 0 rg BT 402.04 270.05 Td (, ) Tj ET Q q 0 0 0 rg BT 407.62 270.05 Td (are ) Tj ET Q q 0 0 0 rg BT 423.71 270.05 Td (amortized ) Tj ET Q q 0 0 0 rg BT 466.30 270.05 Td (using ) Tj ET Q q 0 0 0 rg BT 490.90 270.05 Td (the ) Tj ET Q q 0 0 0 rg BT 506.49 270.05 Td (straight-line ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 259.25 Td (method ) Tj ET Q q 0 0 0 rg BT 91.90 259.25 Td (over ) Tj ET Q q 0 0 0 rg BT 112.29 259.25 Td (1) Tj ET Q q 0 0 0 rg BT 116.63 259.25 Td (1- ) Tj ET Q q 0 0 0 rg BT 127.52 259.25 Td (to ) Tj ET Q q 0 0 0 rg BT 137.91 259.25 Td (40-year ) Tj ET Q q 0 0 0 rg BT 171.31 259.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 203.71 259.25 Td (that ) Tj ET Q q 0 0 0 rg BT 221.60 259.25 Td (commence ) Tj ET Q q 0 0 0 rg BT 268.50 259.25 Td (when ) Tj ET Q q 0 0 0 rg BT 292.90 259.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.30 259.25 Td (related ) Tj ET Q q 0 0 0 rg BT 338.70 259.25 Td (project ) Tj ET Q q 0 0 0 rg BT 368.60 259.25 Td (is ) Tj ET Q q 0 0 0 rg BT 377.98 259.25 Td (commissioned ) Tj ET Q q 0 0 0 rg BT 438.38 259.25 Td (or ) Tj ET Q q 0 0 0 rg BT 449.27 259.25 Td (acquired. ) Tj ET Q q 0 0 0 rg BT 488.99 259.25 Td (The ) Tj ET Q q 0 0 0 rg BT 507.38 259.25 Td (wind ) Tj ET Q q 0 0 0 rg BT 528.78 259.25 Td (farms' ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 248.45 Td (extended ) Tj ET Q q 0 0 0 rg BT 98.53 248.45 Td (warranty ) Tj ET Q q 0 0 0 rg BT 135.54 248.45 Td (is ) Tj ET Q q 0 0 0 rg BT 144.54 248.45 Td (amortized ) Tj ET Q q 0 0 0 rg BT 186.56 248.45 Td (using ) Tj ET Q q 0 0 0 rg BT 210.58 248.45 Td (the ) Tj ET Q q 0 0 0 rg BT 225.59 248.45 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 274.61 248.45 Td (method ) Tj ET Q q 0 0 0 rg BT 307.13 248.45 Td (over ) Tj ET Q q 0 0 0 rg BT 327.14 248.45 Td (the ) Tj ET Q q 0 0 0 rg BT 342.15 248.45 Td (three-year ) Tj ET Q q 0 0 0 rg BT 385.67 248.45 Td (extended ) Tj ET Q q 0 0 0 rg BT 425.20 248.45 Td (warranty ) Tj ET Q q 0 0 0 rg BT 462.21 248.45 Td (period.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 226.85 Td (Project ) Tj ET Q q 0 0 0 rg BT 92.01 226.85 Td (Development ) Tj ET Q q 0 0 0 rg BT 151.03 226.85 Td (Costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 205.25 Td (Project ) Tj ET Q q 0 0 0 rg BT 89.75 205.25 Td (development ) Tj ET Q q 0 0 0 rg BT 144.02 205.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 167.76 205.25 Td (are ) Tj ET Q q 0 0 0 rg BT 183.50 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.74 205.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 222.49 205.25 Td (to ) Tj ET Q q 0 0 0 rg BT 232.73 205.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 264.98 205.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.73 205.25 Td (develop ) Tj ET Q q 0 0 0 rg BT 316.99 205.25 Td (Development ) Tj ET Q q 0 0 0 rg BT 372.75 205.25 Td (Projects ) Tj ET Q q 0 0 0 rg BT 408.00 205.25 Td (and ) Tj ET Q q 0 0 0 rg BT 425.75 205.25 Td (to ) Tj ET Q q 0 0 0 rg BT 435.99 205.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 468.25 205.25 Td (Prospective ) Tj ET Q q 0 0 0 rg BT 518.00 205.25 Td (Projects. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 194.45 Td (Depending ) Tj ET Q q 0 0 0 rg BT 104.74 194.45 Td (on ) Tj ET Q q 0 0 0 rg BT 116.95 194.45 Td (their ) Tj ET Q q 0 0 0 rg BT 136.67 194.45 Td (nature, ) Tj ET Q q 0 0 0 rg BT 166.89 194.45 Td (these ) Tj ET Q q 0 0 0 rg BT 191.11 194.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 214.32 194.45 Td (are ) Tj ET Q q 0 0 0 rg BT 229.53 194.45 Td (transferred ) Tj ET Q q 0 0 0 rg BT 275.25 194.45 Td (either ) Tj ET Q q 0 0 0 rg BT 299.97 194.45 Td (to ) Tj ET Q q 0 0 0 rg BT 309.68 194.45 Td (property) Tj ET Q q 0 0 0 rg BT 342.03 194.45 Td (, ) Tj ET Q q 0 0 0 rg BT 346.73 194.45 Td (plant ) Tj ET Q q 0 0 0 rg BT 368.45 194.45 Td (and ) Tj ET Q q 0 0 0 rg BT 385.67 194.45 Td (equipment ) Tj ET Q q 0 0 0 rg BT 429.90 194.45 Td (or ) Tj ET Q q 0 0 0 rg BT 440.11 194.45 Td (to ) Tj ET Q q 0 0 0 rg BT 449.82 194.45 Td (intangible ) Tj ET Q q 0 0 0 rg BT 490.55 194.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 518.77 194.45 Td (once ) Tj ET Q q 0 0 0 rg BT 540.49 194.45 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 183.65 Td (project ) Tj ET Q q 0 0 0 rg BT 88.28 183.65 Td (reaches ) Tj ET Q q 0 0 0 rg BT 122.57 183.65 Td (the ) Tj ET Q q 0 0 0 rg BT 137.36 183.65 Td (construction ) Tj ET Q q 0 0 0 rg BT 188.15 183.65 Td (phase. ) Tj ET Q q 0 0 0 rg BT 216.99 183.65 Td (As ) Tj ET Q q 0 0 0 rg BT 229.77 183.65 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 239.54 183.65 Td (June30, ) Tj ET Q q 0 0 0 rg BT 276.34 183.65 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 296.36 183.65 Td (, ) Tj ET Q q 0 0 0 rg BT 301.14 183.65 Td (the ) Tj ET Q q 0 0 0 rg BT 315.92 183.65 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 365.21 183.65 Td (had ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.50 183.65 Td ($1) Tj ET Q q 0 0 0 rg BT 391.84 183.65 Td (14.6million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.37 183.65 Td ( ) Tj ET Q q 0 0 0 rg BT 439.64 183.65 Td (in ) Tj ET Q q 0 0 0 rg BT 448.91 183.65 Td (project ) Tj ET Q q 0 0 0 rg BT 478.20 183.65 Td (development ) Tj ET Q q 0 0 0 rg BT 532.00 183.65 Td (costs ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 172.85 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 172.85 Td ($103.5million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 117.53 172.85 Td ( ) Tj ET Q q 0 0 0 rg BT 120.03 172.85 Td (as ) Tj ET Q q 0 0 0 rg BT 132.04 172.85 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 142.04 172.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 201.07 172.85 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 221.09 172.85 Td (\). ) Tj ET Q q 0 0 0 rg BT 228.93 172.85 Td (This ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 248.43 172.85 Td (increase) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 282.45 172.85 Td ( ) Tj ET Q q 0 0 0 rg BT 284.95 172.85 Td (is ) Tj ET Q q 0 0 0 rg BT 293.95 172.85 Td (due ) Tj ET Q q 0 0 0 rg BT 311.47 172.85 Td (to ) Tj ET Q q 0 0 0 rg BT 321.47 172.85 Td (the ) Tj ET Q q 0 0 0 rg BT 336.48 172.85 Td (Development ) Tj ET Q q 0 0 0 rg BT 392.01 172.85 Td (Projects ) Tj ET Q q 0 0 0 rg BT 427.02 172.85 Td (in ) Tj ET Q q 0 0 0 rg BT 436.53 172.85 Td (permit ) Tj ET Q q 0 0 0 rg BT 464.04 172.85 Td (phase.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 151.25 Td (Goodwill) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 129.65 Td (There ) Tj ET Q q 0 0 0 rg BT 85.01 129.65 Td (were ) Tj ET Q q 0 0 0 rg BT 107.02 129.65 Td (no ) Tj ET Q q 0 0 0 rg BT 119.53 129.65 Td (changes ) Tj ET Q q 0 0 0 rg BT 156.06 129.65 Td (during ) Tj ET Q q 0 0 0 rg BT 183.58 129.65 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 198.59 129.65 Td (second) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 227.61 129.65 Td ( ) Tj ET Q q 0 0 0 rg BT 230.11 129.65 Td (quarter ) Tj ET Q q 0 0 0 rg BT 261.13 129.65 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 271.13 129.65 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 291.15 129.65 Td (.) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 23) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 694.75 Td (Liabilities ) Tj ET Q q 0.2 0 0.6 rg BT 107.90 694.75 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 128.46 694.75 Td (Shareholders' ) Tj ET Q q 0.2 0 0.6 rg BT 197.53 694.75 Td (Equity) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 673.15 Td (Long-T) Tj ET Q q 0 0 0 rg BT 88.82 673.15 Td (erm ) Tj ET Q q 0 0 0 rg BT 107.83 673.15 Td (Debt) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 651.55 Td (As ) Tj ET Q q 0 0 0 rg BT 72.25 651.55 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 82.50 651.55 Td (June30, ) Tj ET Q q 0 0 0 rg BT 119.77 651.55 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 139.79 651.55 Td (, ) Tj ET Q q 0 0 0 rg BT 145.04 651.55 Td (long-term ) Tj ET Q q 0 0 0 rg BT 185.79 651.55 Td (debt ) Tj ET Q q 0 0 0 rg BT 206.06 651.55 Td (totalled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 237.82 651.55 Td ($1,273 ) Tj ET Q q 0 0 0 rg BT 268.09 651.55 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 293.60 651.55 Td ( ) Tj ET Q q 0 0 0 rg BT 296.34 651.55 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 299.34 651.55 Td ($1,231million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.88 651.55 Td (as ) Tj ET Q q 0 0 0 rg BT 369.63 651.55 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.88 651.55 Td (December31, ) Tj ET Q q 0 0 0 rg BT 439.15 651.55 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.17 651.55 Td (\). ) Tj ET Q q 0 0 0 rg BT 467.23 651.55 Td (The ) Tj ET Q q 0 0 0 rg BT 485.49 651.55 Td (slight ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.24 651.55 Td (increase) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.26 651.55 Td ( ) Tj ET Q q 0 0 0 rg BT 546.00 651.55 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 640.75 Td (long-term ) Tj ET Q q 0 0 0 rg BT 98.88 640.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 118.27 640.75 Td (results ) Tj ET Q q 0 0 0 rg BT 146.64 640.75 Td (mainly ) Tj ET Q q 0 0 0 rg BT 174.52 640.75 Td (from ) Tj ET Q q 0 0 0 rg BT 194.39 640.75 Td (the ) Tj ET Q q 0 0 0 rg BT 208.77 640.75 Td (addition ) Tj ET Q q 0 0 0 rg BT 242.17 640.75 Td (of ) Tj ET Q q 0 0 0 rg BT 251.54 640.75 Td (the ) Tj ET Q q 0 0 0 rg BT 265.92 640.75 Td ($72.0million ) Tj ET Q q 0 0 0 rg BT 318.32 640.75 Td (financing ) Tj ET Q q 0 0 0 rg BT 356.21 640.75 Td (for ) Tj ET Q q 0 0 0 rg BT 368.59 640.75 Td (the ) Tj ET Q q 0 0 0 rg BT 382.97 640.75 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 425.35 640.75 Td (Stave ) Tj ET Q q 0 0 0 rg BT 450.23 640.75 Td (River ) Tj ET Q q 0 0 0 rg BT 473.10 640.75 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 525.99 640.75 Td (project ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 629.95 Td (and ) Tj ET Q q 0 0 0 rg BT 76.57 629.95 Td (the ) Tj ET Q q 0 0 0 rg BT 91.64 629.95 Td (higher ) Tj ET Q q 0 0 0 rg BT 119.21 629.95 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 158.79 629.95 Td (of ) Tj ET Q q 0 0 0 rg BT 168.85 629.95 Td ($1) Tj ET Q q 0 0 0 rg BT 178.19 629.95 Td (1.6million ) Tj ET Q q 0 0 0 rg BT 221.26 629.95 Td (from ) Tj ET Q q 0 0 0 rg BT 241.81 629.95 Td (the ) Tj ET Q q 0 0 0 rg BT 256.88 629.95 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 303.46 629.95 Td (of ) Tj ET Q q 0 0 0 rg BT 313.52 629.95 Td (the ) Tj ET Q q 0 0 0 rg BT 328.59 629.95 Td (Carleton ) Tj ET Q q 0 0 0 rg BT 365.16 629.95 Td (wind ) Tj ET Q q 0 0 0 rg BT 386.23 629.95 Td (farm, ) Tj ET Q q 0 0 0 rg BT 409.28 629.95 Td (which ) Tj ET Q q 0 0 0 rg BT 434.84 629.95 Td (were ) Tj ET Q q 0 0 0 rg BT 456.91 629.95 Td (of) Tj ET Q q 0 0 0 rg BT 464.25 629.95 Td (fset ) Tj ET Q q 0 0 0 rg BT 481.31 629.95 Td (by ) Tj ET Q q 0 0 0 rg BT 493.37 629.95 Td (a ) Tj ET Q q 0 0 0 rg BT 500.93 629.95 Td (net ) Tj ET Q q 0 0 0 rg BT 515.99 629.95 Td (decrease ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 619.15 Td (in ) Tj ET Q q 0 0 0 rg BT 68.34 619.15 Td (drawings ) Tj ET Q q 0 0 0 rg BT 106.70 619.15 Td (under ) Tj ET Q q 0 0 0 rg BT 132.05 619.15 Td (the ) Tj ET Q q 0 0 0 rg BT 146.90 619.15 Td (revolving ) Tj ET Q q 0 0 0 rg BT 185.26 619.15 Td (term ) Tj ET Q q 0 0 0 rg BT 205.60 619.15 Td (credit ) Tj ET Q q 0 0 0 rg BT 229.94 619.15 Td (facility ) Tj ET Q q 0 0 0 rg BT 257.29 619.15 Td (of ) Tj ET Q q 0 0 0 rg BT 267.13 619.15 Td ($31.1 ) Tj ET Q q 0 0 0 rg BT 291.99 619.15 Td (million ) Tj ET Q q 0 0 0 rg BT 319.83 619.15 Td (and ) Tj ET Q q 0 0 0 rg BT 337.19 619.15 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 380.56 619.15 Td (long-term ) Tj ET Q q 0 0 0 rg BT 420.91 619.15 Td (debt ) Tj ET Q q 0 0 0 rg BT 440.76 619.15 Td (repayments ) Tj ET Q q 0 0 0 rg BT 490.12 619.15 Td (of ) Tj ET Q q 0 0 0 rg BT 499.96 619.15 Td ($12.9million.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 597.55 Td (Since ) Tj ET Q q 0 0 0 rg BT 84.34 597.55 Td (the ) Tj ET Q q 0 0 0 rg BT 99.68 597.55 Td (beginning ) Tj ET Q q 0 0 0 rg BT 141.54 597.55 Td (of ) Tj ET Q q 0 0 0 rg BT 151.87 597.55 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 167.21 597.55 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 187.23 597.55 Td ( ) Tj ET Q q 0 0 0 rg BT 190.06 597.55 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 213.39 597.55 Td (year) Tj ET Q q 0 0 0 rg BT 230.40 597.55 Td (, ) Tj ET Q q 0 0 0 rg BT 235.73 597.55 Td (the ) Tj ET Q q 0 0 0 rg BT 251.07 597.55 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 300.92 597.55 Td (and ) Tj ET Q q 0 0 0 rg BT 318.76 597.55 Td (its ) Tj ET Q q 0 0 0 rg BT 330.59 597.55 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 380.94 597.55 Td (have ) Tj ET Q q 0 0 0 rg BT 403.28 597.55 Td (met ) Tj ET Q q 0 0 0 rg BT 421.11 597.55 Td (all ) Tj ET Q q 0 0 0 rg BT 432.94 597.55 Td (the ) Tj ET Q q 0 0 0 rg BT 448.28 597.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 484.13 597.55 Td (and ) Tj ET Q q 0 0 0 rg BT 501.97 597.55 Td (non-financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 586.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 101.69 586.75 Td (related ) Tj ET Q q 0 0 0 rg BT 131.37 586.75 Td (to ) Tj ET Q q 0 0 0 rg BT 141.03 586.75 Td (their ) Tj ET Q q 0 0 0 rg BT 160.70 586.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 184.87 586.75 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 237.06 586.75 Td (trust ) Tj ET Q q 0 0 0 rg BT 256.73 586.75 Td (indentures ) Tj ET Q q 0 0 0 rg BT 300.92 586.75 Td (and ) Tj ET Q q 0 0 0 rg BT 318.09 586.75 Td (PP) Tj ET Q q 0 0 0 rg BT 329.43 586.75 Td (As. ) Tj ET Q q 0 0 0 rg BT 344.60 586.75 Td (If ) Tj ET Q q 0 0 0 rg BT 351.76 586.75 Td (they ) Tj ET Q q 0 0 0 rg BT 370.93 586.75 Td (are ) Tj ET Q q 0 0 0 rg BT 386.10 586.75 Td (not ) Tj ET Q q 0 0 0 rg BT 400.77 586.75 Td (met, ) Tj ET Q q 0 0 0 rg BT 420.44 586.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 449.61 586.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 484.79 586.75 Td (and ) Tj ET Q q 0 0 0 rg BT 501.97 586.75 Td (non-financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 575.95 Td (covenants ) Tj ET Q q 0 0 0 rg BT 102.40 575.95 Td (included ) Tj ET Q q 0 0 0 rg BT 138.31 575.95 Td (in ) Tj ET Q q 0 0 0 rg BT 147.69 575.95 Td (the ) Tj ET Q q 0 0 0 rg BT 162.58 575.95 Td (credit ) Tj ET Q q 0 0 0 rg BT 186.96 575.95 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 239.37 575.95 Td (trust ) Tj ET Q q 0 0 0 rg BT 259.25 575.95 Td (indentures ) Tj ET Q q 0 0 0 rg BT 303.65 575.95 Td (or ) Tj ET Q q 0 0 0 rg BT 314.03 575.95 Td (PP) Tj ET Q q 0 0 0 rg BT 325.37 575.95 Td (As ) Tj ET Q q 0 0 0 rg BT 338.25 575.95 Td (entered ) Tj ET Q q 0 0 0 rg BT 371.15 575.95 Td (into ) Tj ET Q q 0 0 0 rg BT 388.04 575.95 Td (by ) Tj ET Q q 0 0 0 rg BT 399.92 575.95 Td (various ) Tj ET Q q 0 0 0 rg BT 431.31 575.95 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 481.21 575.95 Td (of ) Tj ET Q q 0 0 0 rg BT 491.09 575.95 Td (the ) Tj ET Q q 0 0 0 rg BT 505.98 575.95 Td (Corporation ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 565.15 Td (could ) Tj ET Q q 0 0 0 rg BT 83.62 565.15 Td (limit ) Tj ET Q q 0 0 0 rg BT 102.73 565.15 Td (the ) Tj ET Q q 0 0 0 rg BT 118.35 565.15 Td (capacity ) Tj ET Q q 0 0 0 rg BT 154.47 565.15 Td (of ) Tj ET Q q 0 0 0 rg BT 165.09 565.15 Td (these ) Tj ET Q q 0 0 0 rg BT 190.21 565.15 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 240.84 565.15 Td (to ) Tj ET Q q 0 0 0 rg BT 251.46 565.15 Td (transfer ) Tj ET Q q 0 0 0 rg BT 285.08 565.15 Td (funds ) Tj ET Q q 0 0 0 rg BT 310.20 565.15 Td (to ) Tj ET Q q 0 0 0 rg BT 320.82 565.15 Td (the ) Tj ET Q q 0 0 0 rg BT 336.44 565.15 Td (Corporation. ) Tj ET Q q 0 0 0 rg BT 388.87 565.15 Td (These ) Tj ET Q q 0 0 0 rg BT 416.99 565.15 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 463.61 565.15 Td (could ) Tj ET Q q 0 0 0 rg BT 488.23 565.15 Td (have ) Tj ET Q q 0 0 0 rg BT 510.86 565.15 Td (a ) Tj ET Q q 0 0 0 rg BT 518.97 565.15 Td (negative ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 554.35 Td (impact ) Tj ET Q q 0 0 0 rg BT 88.01 554.35 Td (on ) Tj ET Q q 0 0 0 rg BT 100.52 554.35 Td (the ) Tj ET Q q 0 0 0 rg BT 115.53 554.35 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 171.28 554.35 Td (ability ) Tj ET Q q 0 0 0 rg BT 196.79 554.35 Td (to ) Tj ET Q q 0 0 0 rg BT 206.79 554.35 Td (meet ) Tj ET Q q 0 0 0 rg BT 229.30 554.35 Td (its ) Tj ET Q q 0 0 0 rg BT 240.80 554.35 Td (obligations. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 532.75 Td (Accrual ) Tj ET Q q 0 0 0 rg BT 94.52 532.75 Td (for ) Tj ET Q q 0 0 0 rg BT 108.68 532.75 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 160.18 532.75 Td (of ) Tj ET Q q 0 0 0 rg BT 171.17 532.75 Td (Long-T) Tj ET Q q 0 0 0 rg BT 200.99 532.75 Td (erm ) Tj ET Q q 0 0 0 rg BT 219.67 532.75 Td (Assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 511.15 Td (Accrual ) Tj ET Q q 0 0 0 rg BT 91.33 511.15 Td (for ) Tj ET Q q 0 0 0 rg BT 104.15 511.15 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 149.00 511.15 Td (of ) Tj ET Q q 0 0 0 rg BT 158.83 511.15 Td (long-term ) Tj ET Q q 0 0 0 rg BT 199.16 511.15 Td (assets ) Tj ET Q q 0 0 0 rg BT 227.49 511.15 Td (consists ) Tj ET Q q 0 0 0 rg BT 262.33 511.15 Td (of ) Tj ET Q q 0 0 0 rg BT 272.15 511.15 Td (long-term ) Tj ET Q q 0 0 0 rg BT 312.49 511.15 Td (debt ) Tj ET Q q 0 0 0 rg BT 332.32 511.15 Td (commitments ) Tj ET Q q 0 0 0 rg BT 388.15 511.15 Td (that ) Tj ET Q q 0 0 0 rg BT 405.48 511.15 Td (have ) Tj ET Q q 0 0 0 rg BT 427.32 511.15 Td (been ) Tj ET Q q 0 0 0 rg BT 449.66 511.15 Td (secured ) Tj ET Q q 0 0 0 rg BT 484.00 511.15 Td (and ) Tj ET Q q 0 0 0 rg BT 501.34 511.15 Td (will ) Tj ET Q q 0 0 0 rg BT 516.16 511.15 Td (be ) Tj ET Q q 0 0 0 rg BT 528.49 511.15 Td (drawn ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 500.35 Td (to ) Tj ET Q q 0 0 0 rg BT 69.91 500.35 Td (finance ) Tj ET Q q 0 0 0 rg BT 102.34 500.35 Td (the ) Tj ET Q q 0 0 0 rg BT 118.26 500.35 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 174.92 500.35 Td (projects ) Tj ET Q q 0 0 0 rg BT 209.84 500.35 Td (currently ) Tj ET Q q 0 0 0 rg BT 247.76 500.35 Td (under ) Tj ET Q q 0 0 0 rg BT 274.19 500.35 Td (construction ) Tj ET Q q 0 0 0 rg BT 326.12 500.35 Td (or ) Tj ET Q q 0 0 0 rg BT 337.53 500.35 Td (for ) Tj ET Q q 0 0 0 rg BT 351.44 500.35 Td (which ) Tj ET Q q 0 0 0 rg BT 377.86 500.35 Td (construction ) Tj ET Q q 0 0 0 rg BT 429.79 500.35 Td (has ) Tj ET Q q 0 0 0 rg BT 447.71 500.35 Td (been ) Tj ET Q q 0 0 0 rg BT 471.14 500.35 Td (completed ) Tj ET Q q 0 0 0 rg BT 516.08 500.35 Td (but ) Tj ET Q q 0 0 0 rg BT 532.00 500.35 Td (costs ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 489.55 Td (remained ) Tj ET Q q 0 0 0 rg BT 100.10 489.55 Td (to ) Tj ET Q q 0 0 0 rg BT 111.19 489.55 Td (be ) Tj ET Q q 0 0 0 rg BT 124.78 489.55 Td (paid. ) Tj ET Q q 0 0 0 rg BT 147.17 489.55 Td (As ) Tj ET Q q 0 0 0 rg BT 161.25 489.55 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 172.34 489.55 Td (June30, ) Tj ET Q q 0 0 0 rg BT 210.45 489.55 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 230.47 489.55 Td (, ) Tj ET Q q 0 0 0 rg BT 236.55 489.55 Td (the ) Tj ET Q q 0 0 0 rg BT 252.64 489.55 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 303.25 489.55 Td (had ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 321.85 489.55 Td ($1.7million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 367.37 489.55 Td ( ) Tj ET Q q 0 0 0 rg BT 370.95 489.55 Td (in ) Tj ET Q q 0 0 0 rg BT 381.54 489.55 Td (accrual ) Tj ET Q q 0 0 0 rg BT 414.13 489.55 Td (for ) Tj ET Q q 0 0 0 rg BT 428.21 489.55 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 474.32 489.55 Td (of ) Tj ET Q q 0 0 0 rg BT 485.41 489.55 Td (long-term ) Tj ET Q q 0 0 0 rg BT 527.00 489.55 Td (assets ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 478.75 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 478.75 Td ($12.9million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 112.53 478.75 Td ( ) Tj ET Q q 0 0 0 rg BT 114.67 478.75 Td (as ) Tj ET Q q 0 0 0 rg BT 126.32 478.75 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 135.97 478.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 194.64 478.75 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 214.66 478.75 Td (\). ) Tj ET Q q 0 0 0 rg BT 222.16 478.75 Td (This ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 241.31 478.75 Td (decrease) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 278.33 478.75 Td ( ) Tj ET Q q 0 0 0 rg BT 280.48 478.75 Td (stems ) Tj ET Q q 0 0 0 rg BT 306.62 478.75 Td (mainly ) Tj ET Q q 0 0 0 rg BT 334.78 478.75 Td (from ) Tj ET Q q 0 0 0 rg BT 354.92 478.75 Td (drawings ) Tj ET Q q 0 0 0 rg BT 393.08 478.75 Td (under ) Tj ET Q q 0 0 0 rg BT 418.24 478.75 Td (the ) Tj ET Q q 0 0 0 rg BT 432.90 478.75 Td (revolving ) Tj ET Q q 0 0 0 rg BT 471.06 478.75 Td (term ) Tj ET Q q 0 0 0 rg BT 491.20 478.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 515.36 478.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 542.51 478.75 Td (for ) Tj ET Q q 0 0 0 rg BT 555.51 478.75 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 467.95 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 102.01 467.95 Td (Stave ) Tj ET Q q 0 0 0 rg BT 127.53 467.95 Td (River) Tj ET Q q 0 0 0 rg BT 148.03 467.95 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 446.35 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 111.01 446.35 Td (Debentures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 424.75 Td (There ) Tj ET Q q 0 0 0 rg BT 85.01 424.75 Td (were ) Tj ET Q q 0 0 0 rg BT 107.02 424.75 Td (no ) Tj ET Q q 0 0 0 rg BT 119.53 424.75 Td (material ) Tj ET Q q 0 0 0 rg BT 154.04 424.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 190.57 424.75 Td (during ) Tj ET Q q 0 0 0 rg BT 218.09 424.75 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 233.10 424.75 Td (second) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 262.12 424.75 Td ( ) Tj ET Q q 0 0 0 rg BT 264.62 424.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 295.64 424.75 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.64 424.75 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.66 424.75 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 403.15 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 101.52 403.15 Td (Shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 381.55 Td (There ) Tj ET Q q 0 0 0 rg BT 85.01 381.55 Td (were ) Tj ET Q q 0 0 0 rg BT 107.02 381.55 Td (no ) Tj ET Q q 0 0 0 rg BT 119.53 381.55 Td (material ) Tj ET Q q 0 0 0 rg BT 154.04 381.55 Td (changes ) Tj ET Q q 0 0 0 rg BT 190.57 381.55 Td (during ) Tj ET Q q 0 0 0 rg BT 218.09 381.55 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 233.10 381.55 Td (second) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 262.12 381.55 Td ( ) Tj ET Q q 0 0 0 rg BT 264.62 381.55 Td (quarter ) Tj ET Q q 0 0 0 rg BT 295.64 381.55 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.64 381.55 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.66 381.55 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 359.95 Td (Common ) Tj ET Q q 0 0 0 rg BT 100.50 359.95 Td (Share ) Tj ET Q q 0 0 0 rg BT 128.01 359.95 Td (Capital ) Tj ET Q q 0 0 0 rg BT 160.52 359.95 Td (and ) Tj ET Q q 0 0 0 rg BT 179.02 359.95 Td (Contributed ) Tj ET Q q 0 0 0 rg BT 232.51 359.95 Td (Surplus ) Tj ET Q q 0 0 0 rg BT 268.51 359.95 Td (from ) Tj ET Q q 0 0 0 rg BT 291.01 359.95 Td (Reduction ) Tj ET Q q 0 0 0 rg BT 337.51 359.95 Td (of ) Tj ET Q q 0 0 0 rg BT 348.51 359.95 Td (Capital ) Tj ET Q q 0 0 0 rg BT 381.01 359.95 Td (on ) Tj ET Q q 0 0 0 rg BT 394.51 359.95 Td (Common ) Tj ET Q q 0 0 0 rg BT 436.01 359.95 Td (Shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 338.35 Td (Special ) Tj ET Q q 0 0 0 rg BT 91.20 338.35 Td (resolutions ) Tj ET Q q 0 0 0 rg BT 137.40 338.35 Td (to ) Tj ET Q q 0 0 0 rg BT 147.58 338.35 Td (approve ) Tj ET Q q 0 0 0 rg BT 182.79 338.35 Td (the ) Tj ET Q q 0 0 0 rg BT 197.98 338.35 Td (reduction ) Tj ET Q q 0 0 0 rg BT 237.68 338.35 Td (of ) Tj ET Q q 0 0 0 rg BT 247.86 338.35 Td (the ) Tj ET Q q 0 0 0 rg BT 263.05 338.35 Td (legal ) Tj ET Q q 0 0 0 rg BT 284.75 338.35 Td (stated ) Tj ET Q q 0 0 0 rg BT 311.94 338.35 Td (capital ) Tj ET Q q 0 0 0 rg BT 340.64 338.35 Td (account ) Tj ET Q q 0 0 0 rg BT 374.84 338.35 Td (maintained ) Tj ET Q q 0 0 0 rg BT 421.55 338.35 Td (in ) Tj ET Q q 0 0 0 rg BT 431.23 338.35 Td (respect ) Tj ET Q q 0 0 0 rg BT 463.42 338.35 Td (of ) Tj ET Q q 0 0 0 rg BT 473.61 338.35 Td (the ) Tj ET Q q 0 0 0 rg BT 488.80 338.35 Td (common ) Tj ET Q q 0 0 0 rg BT 525.98 338.35 Td (shares ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 327.55 Td (of ) Tj ET Q q 0 0 0 rg BT 68.92 327.55 Td (the ) Tj ET Q q 0 0 0 rg BT 83.85 327.55 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 135.80 327.55 Td (without ) Tj ET Q q 0 0 0 rg BT 166.73 327.55 Td (any ) Tj ET Q q 0 0 0 rg BT 183.66 327.55 Td (payment ) Tj ET Q q 0 0 0 rg BT 220.60 327.55 Td (or ) Tj ET Q q 0 0 0 rg BT 231.02 327.55 Td (distribution ) Tj ET Q q 0 0 0 rg BT 276.96 327.55 Td (to ) Tj ET Q q 0 0 0 rg BT 286.89 327.55 Td (the ) Tj ET Q q 0 0 0 rg BT 301.82 327.55 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 356.27 327.55 Td (were ) Tj ET Q q 0 0 0 rg BT 378.19 327.55 Td (adopted ) Tj ET Q q 0 0 0 rg BT 413.14 327.55 Td (on ) Tj ET Q q 0 0 0 rg BT 425.57 327.55 Td (May ) Tj ET Q q 0 0 0 rg BT 444.99 327.55 Td (14, ) Tj ET Q q 0 0 0 rg BT 459.92 327.55 Td (2013. ) Tj ET Q q 0 0 0 rg BT 484.71 327.55 Td (This ) Tj ET Q q 0 0 0 rg BT 504.13 327.55 Td (resulted ) Tj ET Q q 0 0 0 rg BT 538.56 327.55 Td (in ) Tj ET Q q 0 0 0 rg BT 547.99 327.55 Td (a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 316.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 98.96 316.75 Td (of ) Tj ET Q q 0 0 0 rg BT 109.40 316.75 Td ($128.2million ) Tj ET Q q 0 0 0 rg BT 167.88 316.75 Td (of ) Tj ET Q q 0 0 0 rg BT 178.32 316.75 Td (the ) Tj ET Q q 0 0 0 rg BT 193.77 316.75 Td (shareholders' ) Tj ET Q q 0 0 0 rg BT 250.46 316.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 279.41 316.75 Td (account ) Tj ET Q q 0 0 0 rg BT 313.87 316.75 Td (and ) Tj ET Q q 0 0 0 rg BT 331.82 316.75 Td (an ) Tj ET Q q 0 0 0 rg BT 344.77 316.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 381.73 316.75 Td (of ) Tj ET Q q 0 0 0 rg BT 392.17 316.75 Td ($128.2million ) Tj ET Q q 0 0 0 rg BT 450.64 316.75 Td (of ) Tj ET Q q 0 0 0 rg BT 461.08 316.75 Td (the ) Tj ET Q q 0 0 0 rg BT 476.53 316.75 Td (contributed ) Tj ET Q q 0 0 0 rg BT 524.00 316.75 Td (surplus ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 305.95 Td (from ) Tj ET Q q 0 0 0 rg BT 79.50 305.95 Td (reduction ) Tj ET Q q 0 0 0 rg BT 119.02 305.95 Td (of ) Tj ET Q q 0 0 0 rg BT 129.03 305.95 Td (capital ) Tj ET Q q 0 0 0 rg BT 157.55 305.95 Td (on ) Tj ET Q q 0 0 0 rg BT 170.06 305.95 Td (common ) Tj ET Q q 0 0 0 rg BT 207.07 305.95 Td (shares ) Tj ET Q q 0 0 0 rg BT 236.58 305.95 Td (account.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 284.35 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 104.53 284.35 Td (Financial ) Tj ET Q q 0 0 0 rg BT 146.04 284.35 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 200.05 284.35 Td (and ) Tj ET Q q 0 0 0 rg BT 218.55 284.35 Td (Risk ) Tj ET Q q 0 0 0 rg BT 240.06 284.35 Td (Management) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 262.75 Td (The ) Tj ET Q q 0 0 0 rg BT 76.60 262.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 125.72 262.75 Td (uses ) Tj ET Q q 0 0 0 rg BT 146.82 262.75 Td (derivative ) Tj ET Q q 0 0 0 rg BT 187.43 262.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 222.55 262.75 Td (instruments ) Tj ET Q q 0 0 0 rg BT 271.16 262.75 Td (to ) Tj ET Q q 0 0 0 rg BT 280.75 262.75 Td (manage ) Tj ET Q q 0 0 0 rg BT 315.37 262.75 Td (its ) Tj ET Q q 0 0 0 rg BT 326.46 262.75 Td (exposure ) Tj ET Q q 0 0 0 rg BT 365.58 262.75 Td (to ) Tj ET Q q 0 0 0 rg BT 375.18 262.75 Td (the ) Tj ET Q q 0 0 0 rg BT 389.78 262.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 405.87 262.75 Td (of ) Tj ET Q q 0 0 0 rg BT 415.47 262.75 Td (increasing ) Tj ET Q q 0 0 0 rg BT 458.59 262.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 490.19 262.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 512.29 262.75 Td (on ) Tj ET Q q 0 0 0 rg BT 524.40 262.75 Td (its ) Tj ET Q q 0 0 0 rg BT 535.49 262.75 Td (debt ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 251.95 Td (financing. ) Tj ET Q q 0 0 0 rg BT 100.39 251.95 Td (The ) Tj ET Q q 0 0 0 rg BT 118.97 251.95 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 169.06 251.95 Td (does ) Tj ET Q q 0 0 0 rg BT 191.65 251.95 Td (not ) Tj ET Q q 0 0 0 rg BT 207.22 251.95 Td (own ) Tj ET Q q 0 0 0 rg BT 226.80 251.95 Td (or ) Tj ET Q q 0 0 0 rg BT 237.87 251.95 Td (issue ) Tj ET Q q 0 0 0 rg BT 261.95 251.95 Td (any ) Tj ET Q q 0 0 0 rg BT 279.52 251.95 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 327.10 251.95 Td (for ) Tj ET Q q 0 0 0 rg BT 340.67 251.95 Td (speculation ) Tj ET Q q 0 0 0 rg BT 389.27 251.95 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 431.66 251.95 Td (The ) Tj ET Q q 0 0 0 rg BT 450.24 251.95 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 500.33 251.95 Td (does ) Tj ET Q q 0 0 0 rg BT 522.92 251.95 Td (not ) Tj ET Q q 0 0 0 rg BT 538.49 251.95 Td (use ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 241.15 Td (hedge ) Tj ET Q q 0 0 0 rg BT 86.53 241.15 Td (accounting ) Tj ET Q q 0 0 0 rg BT 132.56 241.15 Td (to ) Tj ET Q q 0 0 0 rg BT 142.57 241.15 Td (account ) Tj ET Q q 0 0 0 rg BT 176.59 241.15 Td (for ) Tj ET Q q 0 0 0 rg BT 189.59 241.15 Td (its ) Tj ET Q q 0 0 0 rg BT 201.09 241.15 Td (Derivatives.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 219.55 Td (The ) Tj ET Q q 0 0 0 rg BT 76.55 219.55 Td (swap ) Tj ET Q q 0 0 0 rg BT 99.60 219.55 Td (contracts ) Tj ET Q q 0 0 0 rg BT 138.15 219.55 Td (allow ) Tj ET Q q 0 0 0 rg BT 160.70 219.55 Td (the ) Tj ET Q q 0 0 0 rg BT 175.25 219.55 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 224.32 219.55 Td (to ) Tj ET Q q 0 0 0 rg BT 233.87 219.55 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 271.92 219.55 Td (the ) Tj ET Q q 0 0 0 rg BT 286.47 219.55 Td (risk ) Tj ET Q q 0 0 0 rg BT 302.51 219.55 Td (of ) Tj ET Q q 0 0 0 rg BT 312.06 219.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 343.61 219.55 Td (rate ) Tj ET Q q 0 0 0 rg BT 361.16 219.55 Td (increases ) Tj ET Q q 0 0 0 rg BT 401.72 219.55 Td (in ) Tj ET Q q 0 0 0 rg BT 410.76 219.55 Td (actual ) Tj ET Q q 0 0 0 rg BT 436.82 219.55 Td (long-term ) Tj ET Q q 0 0 0 rg BT 476.87 219.55 Td (debt, ) Tj ET Q q 0 0 0 rg BT 498.93 219.55 Td (which ) Tj ET Q q 0 0 0 rg BT 523.98 219.55 Td (totalled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 208.75 Td ($494.7million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 114.53 208.75 Td ( ) Tj ET Q q 0 0 0 rg BT 116.66 208.75 Td (as ) Tj ET Q q 0 0 0 rg BT 128.30 208.75 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 137.94 208.75 Td (June30, ) Tj ET Q q 0 0 0 rg BT 174.59 208.75 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 194.62 208.75 Td (. ) Tj ET Q q 0 0 0 rg BT 199.11 208.75 Td (The ) Tj ET Q q 0 0 0 rg BT 216.75 208.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 265.90 208.75 Td (also ) Tj ET Q q 0 0 0 rg BT 284.54 208.75 Td (had ) Tj ET Q q 0 0 0 rg BT 301.69 208.75 Td (swap ) Tj ET Q q 0 0 0 rg BT 324.83 208.75 Td (contracts ) Tj ET Q q 0 0 0 rg BT 363.48 208.75 Td (totalling ) Tj ET Q q 0 0 0 rg BT 396.63 208.75 Td ($47.2million ) Tj ET Q q 0 0 0 rg BT 449.29 208.75 Td (to ) Tj ET Q q 0 0 0 rg BT 458.92 208.75 Td (hedge ) Tj ET Q q 0 0 0 rg BT 486.08 208.75 Td (all ) Tj ET Q q 0 0 0 rg BT 497.21 208.75 Td (of ) Tj ET Q q 0 0 0 rg BT 506.85 208.75 Td (the ) Tj ET Q q 0 0 0 rg BT 521.49 208.75 Td (Umbata ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 197.95 Td (Falls ) Tj ET Q q 0 0 0 rg BT 79.61 197.95 Td (loan. ) Tj ET Q q 0 0 0 rg BT 100.74 197.95 Td (Consequently) Tj ET Q q 0 0 0 rg BT 155.11 197.95 Td (, ) Tj ET Q q 0 0 0 rg BT 159.22 197.95 Td (as ) Tj ET Q q 0 0 0 rg BT 170.33 197.95 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 179.45 197.95 Td (June30, ) Tj ET Q q 0 0 0 rg BT 215.59 197.95 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 235.61 197.95 Td (, ) Tj ET Q q 0 0 0 rg BT 239.72 197.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 270.85 197.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 287.96 197.95 Td (swaps ) Tj ET Q q 0 0 0 rg BT 315.08 197.95 Td (related ) Tj ET Q q 0 0 0 rg BT 344.21 197.95 Td (to ) Tj ET Q q 0 0 0 rg BT 353.33 197.95 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 401.48 197.95 Td (debts ) Tj ET Q q 0 0 0 rg BT 425.10 197.95 Td (combined ) Tj ET Q q 0 0 0 rg BT 465.74 197.95 Td (with ) Tj ET Q q 0 0 0 rg BT 483.35 197.95 Td (the ) Tj ET Q q 0 0 0 rg BT 497.48 197.95 Td ($758.2million ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 187.15 Td (in ) Tj ET Q q 0 0 0 rg BT 67.84 187.15 Td (existing ) Tj ET Q q 0 0 0 rg BT 100.19 187.15 Td (fixed-rate ) Tj ET Q q 0 0 0 rg BT 139.54 187.15 Td (debts ) Tj ET Q q 0 0 0 rg BT 163.39 187.15 Td (and ) Tj ET Q q 0 0 0 rg BT 180.24 187.15 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 194.59 187.15 Td ($79.7million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.12 187.15 Td ( ) Tj ET Q q 0 0 0 rg BT 246.95 187.15 Td (in ) Tj ET Q q 0 0 0 rg BT 255.79 187.15 Td (convertible ) Tj ET Q q 0 0 0 rg BT 301.15 187.15 Td (debentures ) Tj ET Q q 0 0 0 rg BT 348.02 187.15 Td (mean ) Tj ET Q q 0 0 0 rg BT 372.37 187.15 Td (that ) Tj ET Q q 0 0 0 rg BT 389.22 187.15 Td (96% ) Tj ET Q q 0 0 0 rg BT 409.06 187.15 Td (of ) Tj ET Q q 0 0 0 rg BT 418.41 187.15 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 466.78 187.15 Td (debts ) Tj ET Q q 0 0 0 rg BT 490.63 187.15 Td (\(including ) Tj ET Q q 0 0 0 rg BT 530.99 187.15 Td (those ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 176.35 Td (of ) Tj ET Q q 0 0 0 rg BT 69.01 176.35 Td (joint ) Tj ET Q q 0 0 0 rg BT 88.02 176.35 Td (ventures\) ) Tj ET Q q 0 0 0 rg BT 128.03 176.35 Td (are ) Tj ET Q q 0 0 0 rg BT 143.54 176.35 Td (protected ) Tj ET Q q 0 0 0 rg BT 183.57 176.35 Td (from ) Tj ET Q q 0 0 0 rg BT 204.07 176.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 236.08 176.35 Td (rate ) Tj ET Q q 0 0 0 rg BT 254.09 176.35 Td (increases. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 154.75 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 106.48 154.75 Td (had ) Tj ET Q q 0 0 0 rg BT 124.46 154.75 Td (a ) Tj ET Q q 0 0 0 rg BT 132.42 154.75 Td (net ) Tj ET Q q 0 0 0 rg BT 147.90 154.75 Td (negative ) Tj ET Q q 0 0 0 rg BT 184.89 154.75 Td (value ) Tj ET Q q 0 0 0 rg BT 209.37 154.75 Td (of ) Tj ET Q q 0 0 0 rg BT 219.84 154.75 Td ($46.3million ) Tj ET Q q 0 0 0 rg BT 273.33 154.75 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 283.80 154.75 Td (June30, ) Tj ET Q q 0 0 0 rg BT 321.29 154.75 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.31 154.75 Td ( ) Tj ET Q q 0 0 0 rg BT 344.27 154.75 Td (\(negative ) Tj ET Q q 0 0 0 rg BT 384.26 154.75 Td ($78.0million ) Tj ET Q q 0 0 0 rg BT 437.75 154.75 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.22 154.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 507.71 154.75 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.73 154.75 Td (\). ) Tj ET Q q 0 0 0 rg BT 536.00 154.75 Td (This ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 143.95 Td (favourable ) Tj ET Q q 0 0 0 rg BT 103.31 143.95 Td (dif) Tj ET Q q 0 0 0 rg BT 112.65 143.95 Td (ference ) Tj ET Q q 0 0 0 rg BT 144.94 143.95 Td (is ) Tj ET Q q 0 0 0 rg BT 153.72 143.95 Td (due ) Tj ET Q q 0 0 0 rg BT 171.01 143.95 Td (mainly ) Tj ET Q q 0 0 0 rg BT 199.30 143.95 Td (to ) Tj ET Q q 0 0 0 rg BT 209.08 143.95 Td (an ) Tj ET Q q 0 0 0 rg BT 221.37 143.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 257.66 143.95 Td (in ) Tj ET Q q 0 0 0 rg BT 266.94 143.95 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 313.74 143.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 345.53 143.95 Td (rates ) Tj ET Q q 0 0 0 rg BT 367.82 143.95 Td (since ) Tj ET Q q 0 0 0 rg BT 391.11 143.95 Td (the ) Tj ET Q q 0 0 0 rg BT 405.89 143.95 Td (end ) Tj ET Q q 0 0 0 rg BT 423.19 143.95 Td (of ) Tj ET Q q 0 0 0 rg BT 432.97 143.95 Td (2012. ) Tj ET Q q 0 0 0 rg BT 457.62 143.95 Td (The ) Tj ET Q q 0 0 0 rg BT 475.41 143.95 Td (estimated ) Tj ET Q q 0 0 0 rg BT 516.70 143.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 545.49 143.95 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 133.15 Td (a ) Tj ET Q q 0 0 0 rg BT 65.80 133.15 Td (0.1% ) Tj ET Q q 0 0 0 rg BT 88.10 133.15 Td (interest ) Tj ET Q q 0 0 0 rg BT 119.40 133.15 Td (rate ) Tj ET Q q 0 0 0 rg BT 136.70 133.15 Td (increase ) Tj ET Q q 0 0 0 rg BT 172.51 133.15 Td (would ) Tj ET Q q 0 0 0 rg BT 197.81 133.15 Td (decrease ) Tj ET Q q 0 0 0 rg BT 236.63 133.15 Td (the ) Tj ET Q q 0 0 0 rg BT 250.93 133.15 Td (interest ) Tj ET Q q 0 0 0 rg BT 282.23 133.15 Td (rate ) Tj ET Q q 0 0 0 rg BT 299.53 133.15 Td (swap-related ) Tj ET Q q 0 0 0 rg BT 352.85 133.15 Td (liability ) Tj ET Q q 0 0 0 rg BT 381.65 133.15 Td (by ) Tj ET Q q 0 0 0 rg BT 392.94 133.15 Td ($3.8million. ) Tj ET Q q 0 0 0 rg BT 442.76 133.15 Td (Conversely) Tj ET Q q 0 0 0 rg BT 487.10 133.15 Td (, ) Tj ET Q q 0 0 0 rg BT 491.40 133.15 Td (a ) Tj ET Q q 0 0 0 rg BT 498.19 133.15 Td (0.1% ) Tj ET Q q 0 0 0 rg BT 520.49 133.15 Td (interest-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 122.35 Td (rate ) Tj ET Q q 0 0 0 rg BT 78.32 122.35 Td (decrease ) Tj ET Q q 0 0 0 rg BT 119.16 122.35 Td (would ) Tj ET Q q 0 0 0 rg BT 146.49 122.35 Td (increase ) Tj ET Q q 0 0 0 rg BT 184.32 122.35 Td (the ) Tj ET Q q 0 0 0 rg BT 200.64 122.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 233.97 122.35 Td (rate ) Tj ET Q q 0 0 0 rg BT 253.29 122.35 Td (swap-related ) Tj ET Q q 0 0 0 rg BT 308.63 122.35 Td (liability ) Tj ET Q q 0 0 0 rg BT 339.45 122.35 Td (by ) Tj ET Q q 0 0 0 rg BT 352.77 122.35 Td ($3.8million. ) Tj ET Q q 0 0 0 rg BT 404.36 122.35 Td (These ) Tj ET Q q 0 0 0 rg BT 433.19 122.35 Td (figures ) Tj ET Q q 0 0 0 rg BT 464.02 122.35 Td (exclude ) Tj ET Q q 0 0 0 rg BT 498.85 122.35 Td (the ) Tj ET Q q 0 0 0 rg BT 515.17 122.35 Td (impact ) Tj ET Q q 0 0 0 rg BT 545.50 122.35 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 111.55 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 105.02 111.55 Td (used ) Tj ET Q q 0 0 0 rg BT 127.54 111.55 Td (to ) Tj ET Q q 0 0 0 rg BT 138.04 111.55 Td (hedge ) Tj ET Q q 0 0 0 rg BT 166.07 111.55 Td (loans ) Tj ET Q q 0 0 0 rg BT 190.59 111.55 Td (of ) Tj ET Q q 0 0 0 rg BT 201.09 111.55 Td (the ) Tj ET Q q 0 0 0 rg BT 216.61 111.55 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 272.85 111.55 Td (joint ) Tj ET Q q 0 0 0 rg BT 292.36 111.55 Td (ventures; ) Tj ET Q q 0 0 0 rg BT 332.38 111.55 Td (for ) Tj ET Q q 0 0 0 rg BT 345.89 111.55 Td (information ) Tj ET Q q 0 0 0 rg BT 393.41 111.55 Td (on ) Tj ET Q q 0 0 0 rg BT 406.42 111.55 Td (the ) Tj ET Q q 0 0 0 rg BT 421.93 111.55 Td (impact ) Tj ET Q q 0 0 0 rg BT 451.44 111.55 Td (of ) Tj ET Q q 0 0 0 rg BT 461.95 111.55 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 507.97 111.55 Td (used ) Tj ET Q q 0 0 0 rg BT 530.48 111.55 Td (in ) Tj ET Q q 0 0 0 rg BT 540.49 111.55 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 100.75 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 114.74 100.75 Td (joint ) Tj ET Q q 0 0 0 rg BT 133.76 100.75 Td (ventures, ) Tj ET Q q 0 0 0 rg BT 173.28 100.75 Td (please ) Tj ET Q q 0 0 0 rg BT 202.30 100.75 Td (refer ) Tj ET Q q 0 0 0 rg BT 223.30 100.75 Td (to ) Tj ET Q q 0 0 0 rg BT 233.31 100.75 Td (the ) Tj ET Q q 0 0 0 rg BT 248.32 100.75 Td ("Investments ) Tj ET Q q 0 0 0 rg BT 302.54 100.75 Td (in ) Tj ET Q q 0 0 0 rg BT 312.04 100.75 Td (Joint ) Tj ET Q q 0 0 0 rg BT 333.55 100.75 Td (V) Tj ET Q q 0 0 0 rg BT 339.06 100.75 Td (entures" ) Tj ET Q q 0 0 0 rg BT 374.77 100.75 Td (section.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 79.15 Td (As ) Tj ET Q q 0 0 0 rg BT 72.47 79.15 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 82.95 79.15 Td (June30, ) Tj ET Q q 0 0 0 rg BT 120.44 79.15 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 140.46 79.15 Td (, ) Tj ET Q q 0 0 0 rg BT 145.93 79.15 Td (the ) Tj ET Q q 0 0 0 rg BT 161.41 79.15 Td (fair ) Tj ET Q q 0 0 0 rg BT 176.88 79.15 Td (market ) Tj ET Q q 0 0 0 rg BT 207.36 79.15 Td (value ) Tj ET Q q 0 0 0 rg BT 231.84 79.15 Td (of ) Tj ET Q q 0 0 0 rg BT 242.31 79.15 Td (the ) Tj ET Q q 0 0 0 rg BT 257.79 79.15 Td (derivative ) Tj ET Q q 0 0 0 rg BT 299.28 79.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 335.27 79.15 Td (instruments ) Tj ET Q q 0 0 0 rg BT 384.75 79.15 Td (related ) Tj ET Q q 0 0 0 rg BT 415.24 79.15 Td (to ) Tj ET Q q 0 0 0 rg BT 425.71 79.15 Td (some ) Tj ET Q q 0 0 0 rg BT 450.69 79.15 Td (PP) Tj ET Q q 0 0 0 rg BT 462.03 79.15 Td (As ) Tj ET Q q 0 0 0 rg BT 475.50 79.15 Td (with ) Tj ET Q q 0 0 0 rg BT 494.47 79.15 Td (Hydro-Qubec ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 68.35 Td (was ) Tj ET Q q 0 0 0 rg BT 76.44 68.35 Td (positive ) Tj ET Q q 0 0 0 rg BT 108.39 68.35 Td (at ) Tj ET Q q 0 0 0 rg BT 117.33 68.35 Td ($7.6million ) Tj ET Q q 0 0 0 rg BT 164.28 68.35 Td (\($8.4 ) Tj ET Q q 0 0 0 rg BT 186.23 68.35 Td (million ) Tj ET Q q 0 0 0 rg BT 213.17 68.35 Td (as ) Tj ET Q q 0 0 0 rg BT 224.11 68.35 Td (at ) Tj ET Q q 0 0 0 rg BT 233.05 68.35 Td (December31, ) Tj ET Q q 0 0 0 rg BT 291.01 68.35 Td (2012\). ) Tj ET Q q 0 0 0 rg BT 317.87 68.35 Td (These ) Tj ET Q q 0 0 0 rg BT 344.32 68.35 Td (instruments ) Tj ET Q q 0 0 0 rg BT 392.27 68.35 Td (represent ) Tj ET Q q 0 0 0 rg BT 431.72 68.35 Td (the ) Tj ET Q q 0 0 0 rg BT 445.67 68.35 Td (value ) Tj ET Q q 0 0 0 rg BT 468.61 68.35 Td (attributed ) Tj ET Q q 0 0 0 rg BT 507.57 68.35 Td (to ) Tj ET Q q 0 0 0 rg BT 516.51 68.35 Td (minimum ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 57.55 Td (inflation ) Tj ET Q q 0 0 0 rg BT 92.52 57.55 Td (clauses ) Tj ET Q q 0 0 0 rg BT 125.54 57.55 Td (of ) Tj ET Q q 0 0 0 rg BT 135.54 57.55 Td (3% ) Tj ET Q q 0 0 0 rg BT 151.05 57.55 Td (per ) Tj ET Q q 0 0 0 rg BT 166.56 57.55 Td (year ) Tj ET Q q 0 0 0 rg BT 186.57 57.55 Td (included ) Tj ET Q q 0 0 0 rg BT 222.60 57.55 Td (in ) Tj ET Q q 0 0 0 rg BT 232.10 57.55 Td (these ) Tj ET Q q 0 0 0 rg BT 256.62 57.55 Td (PP) Tj ET Q q 0 0 0 rg BT 267.96 57.55 Td (As. ) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 24) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 684.65 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 98.52 684.65 Td (Income ) Tj ET Q q 0 0 0 rg BT 132.52 684.65 Td (T) Tj ET Q q 0 0 0 rg BT 137.35 684.65 Td (axes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 663.05 Td (The ) Tj ET Q q 0 0 0 rg BT 76.69 663.05 Td (tax ) Tj ET Q q 0 0 0 rg BT 90.88 663.05 Td (impact ) Tj ET Q q 0 0 0 rg BT 119.57 663.05 Td (of ) Tj ET Q q 0 0 0 rg BT 129.26 663.05 Td (temporary ) Tj ET Q q 0 0 0 rg BT 171.96 663.05 Td (dif) Tj ET Q q 0 0 0 rg BT 181.30 663.05 Td (ferences ) Tj ET Q q 0 0 0 rg BT 218.00 663.05 Td (may ) Tj ET Q q 0 0 0 rg BT 237.19 663.05 Td (result ) Tj ET Q q 0 0 0 rg BT 261.38 663.05 Td (in ) Tj ET Q q 0 0 0 rg BT 270.57 663.05 Td (future ) Tj ET Q q 0 0 0 rg BT 295.76 663.05 Td (tax ) Tj ET Q q 0 0 0 rg BT 309.95 663.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 338.15 663.05 Td (or ) Tj ET Q q 0 0 0 rg BT 348.33 663.05 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 386.60 663.05 Td (As ) Tj ET Q q 0 0 0 rg BT 399.28 663.05 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.97 663.05 Td (June30, ) Tj ET Q q 0 0 0 rg BT 445.68 663.05 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.70 663.05 Td (, ) Tj ET Q q 0 0 0 rg BT 470.39 663.05 Td (the ) Tj ET Q q 0 0 0 rg BT 485.08 663.05 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 540.51 663.05 Td (net ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 652.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 95.02 652.25 Td (tax ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.53 652.25 Td (liability) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 136.54 652.25 Td ( ) Tj ET Q q 0 0 0 rg BT 139.04 652.25 Td (was ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 157.54 652.25 Td ($145.1million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 213.08 652.25 Td ( ) Tj ET Q q 0 0 0 rg BT 215.58 652.25 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 218.57 652.25 Td ($133.4million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 274.11 652.25 Td ( ) Tj ET Q q 0 0 0 rg BT 276.61 652.25 Td (as ) Tj ET Q q 0 0 0 rg BT 288.61 652.25 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 298.62 652.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 357.65 652.25 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 377.67 652.25 Td (\).) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 630.65 Td (Off-Balance-Sheet ) Tj ET Q q 0 0 0 rg BT 139.18 630.65 Td (Arrangements) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 609.05 Td (As ) Tj ET Q q 0 0 0 rg BT 71.73 609.05 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 81.45 609.05 Td (June30, ) Tj ET Q q 0 0 0 rg BT 118.20 609.05 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 138.22 609.05 Td (, ) Tj ET Q q 0 0 0 rg BT 142.95 609.05 Td (the ) Tj ET Q q 0 0 0 rg BT 157.68 609.05 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 206.93 609.05 Td (had ) Tj ET Q q 0 0 0 rg BT 224.17 609.05 Td (issued ) Tj ET Q q 0 0 0 rg BT 252.40 609.05 Td (letters ) Tj ET Q q 0 0 0 rg BT 279.14 609.05 Td (of ) Tj ET Q q 0 0 0 rg BT 288.86 609.05 Td (credit ) Tj ET Q q 0 0 0 rg BT 313.09 609.05 Td (totalling ) Tj ET Q q 0 0 0 rg BT 346.34 609.05 Td ($38.6million ) Tj ET Q q 0 0 0 rg BT 399.09 609.05 Td (to ) Tj ET Q q 0 0 0 rg BT 408.81 609.05 Td (meet ) Tj ET Q q 0 0 0 rg BT 431.05 609.05 Td (its ) Tj ET Q q 0 0 0 rg BT 442.27 609.05 Td (obligations ) Tj ET Q q 0 0 0 rg BT 487.52 609.05 Td (under ) Tj ET Q q 0 0 0 rg BT 512.76 609.05 Td (its ) Tj ET Q q 0 0 0 rg BT 523.98 609.05 Td (various ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 598.25 Td (PP) Tj ET Q q 0 0 0 rg BT 70.34 598.25 Td (As ) Tj ET Q q 0 0 0 rg BT 82.89 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 99.96 598.25 Td (other ) Tj ET Q q 0 0 0 rg BT 122.53 598.25 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 174.61 598.25 Td (Of ) Tj ET Q q 0 0 0 rg BT 186.16 598.25 Td (this ) Tj ET Q q 0 0 0 rg BT 202.22 598.25 Td (amount, ) Tj ET Q q 0 0 0 rg BT 236.79 598.25 Td ($27.2million ) Tj ET Q q 0 0 0 rg BT 289.37 598.25 Td (was ) Tj ET Q q 0 0 0 rg BT 307.43 598.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 335.50 598.25 Td (under ) Tj ET Q q 0 0 0 rg BT 360.57 598.25 Td (its ) Tj ET Q q 0 0 0 rg BT 371.62 598.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 409.69 598.25 Td (term ) Tj ET Q q 0 0 0 rg BT 429.74 598.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 453.80 598.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 480.86 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 497.93 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.49 598.25 Td (remainder ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 587.45 Td (under ) Tj ET Q q 0 0 0 rg BT 84.41 587.45 Td (the ) Tj ET Q q 0 0 0 rg BT 99.32 587.45 Td (projects' ) Tj ET Q q 0 0 0 rg BT 134.94 587.45 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 190.37 587.45 Td (credit ) Tj ET Q q 0 0 0 rg BT 214.77 587.45 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 251.20 587.45 Td (As ) Tj ET Q q 0 0 0 rg BT 264.09 587.45 Td (at ) Tj ET Q q 0 0 0 rg BT 273.99 587.45 Td (that ) Tj ET Q q 0 0 0 rg BT 291.40 587.45 Td (date, ) Tj ET Q q 0 0 0 rg BT 313.81 587.45 Td (Innergex ) Tj ET Q q 0 0 0 rg BT 351.23 587.45 Td (had ) Tj ET Q q 0 0 0 rg BT 368.64 587.45 Td (also ) Tj ET Q q 0 0 0 rg BT 387.54 587.45 Td (issued ) Tj ET Q q 0 0 0 rg BT 415.95 587.45 Td (a ) Tj ET Q q 0 0 0 rg BT 423.35 587.45 Td (total ) Tj ET Q q 0 0 0 rg BT 442.76 587.45 Td (of ) Tj ET Q q 0 0 0 rg BT 452.66 587.45 Td ($21.3million ) Tj ET Q q 0 0 0 rg BT 505.58 587.45 Td (in ) Tj ET Q q 0 0 0 rg BT 514.98 587.45 Td (corporate ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 576.65 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 107.12 576.65 Td (to ) Tj ET Q q 0 0 0 rg BT 117.72 576.65 Td (support ) Tj ET Q q 0 0 0 rg BT 150.83 576.65 Td (the ) Tj ET Q q 0 0 0 rg BT 166.43 576.65 Td (construction ) Tj ET Q q 0 0 0 rg BT 218.04 576.65 Td (of ) Tj ET Q q 0 0 0 rg BT 228.63 576.65 Td (the ) Tj ET Q q 0 0 0 rg BT 244.23 576.65 Td (Gros-Morne ) Tj ET Q q 0 0 0 rg BT 295.33 576.65 Td (and ) Tj ET Q q 0 0 0 rg BT 313.44 576.65 Td (V) Tj ET Q q 0 0 0 rg BT 319.28 576.65 Td (iger-Denonville ) Tj ET Q q 0 0 0 rg BT 382.40 576.65 Td (wind ) Tj ET Q q 0 0 0 rg BT 404.00 576.65 Td (farms, ) Tj ET Q q 0 0 0 rg BT 432.09 576.65 Td (the ) Tj ET Q q 0 0 0 rg BT 447.69 576.65 Td (performance ) Tj ET Q q 0 0 0 rg BT 501.30 576.65 Td (of ) Tj ET Q q 0 0 0 rg BT 511.89 576.65 Td (the ) Tj ET Q q 0 0 0 rg BT 527.49 576.65 Td (Brown ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 565.85 Td (Lake ) Tj ET Q q 0 0 0 rg BT 81.02 565.85 Td (and ) Tj ET Q q 0 0 0 rg BT 98.53 565.85 Td (Miller ) Tj ET Q q 0 0 0 rg BT 122.53 565.85 Td (Creek ) Tj ET Q q 0 0 0 rg BT 149.04 565.85 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 202.56 565.85 Td (facilities ) Tj ET Q q 0 0 0 rg BT 237.07 565.85 Td (and ) Tj ET Q q 0 0 0 rg BT 254.59 565.85 Td (some ) Tj ET Q q 0 0 0 rg BT 279.10 565.85 Td (Derivatives. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 544.25 Td (Shareholders' ) Tj ET Q q 0 0 0 rg BT 121.16 544.25 Td (Equity ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 522.65 Td (As ) Tj ET Q q 0 0 0 rg BT 70.97 522.65 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.94 522.65 Td (June30, ) Tj ET Q q 0 0 0 rg BT 115.93 522.65 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 135.95 522.65 Td (, ) Tj ET Q q 0 0 0 rg BT 139.92 522.65 Td (the ) Tj ET Q q 0 0 0 rg BT 153.90 522.65 Td (shareholders' ) Tj ET Q q 0 0 0 rg BT 209.11 522.65 Td (equity ) Tj ET Q q 0 0 0 rg BT 234.59 522.65 Td (of ) Tj ET Q q 0 0 0 rg BT 243.56 522.65 Td (the ) Tj ET Q q 0 0 0 rg BT 257.54 522.65 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 306.03 522.65 Td (totalled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 336.52 522.65 Td ($672.1million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.05 522.65 Td (, ) Tj ET Q q 0 0 0 rg BT 396.02 522.65 Td (including ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.01 522.65 Td ($83.9million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.54 522.65 Td ( ) Tj ET Q q 0 0 0 rg BT 485.00 522.65 Td (of ) Tj ET Q q 0 0 0 rg BT 493.97 522.65 Td (non-controlling ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 511.85 Td (interests, ) Tj ET Q q 0 0 0 rg BT 98.63 511.85 Td (compared ) Tj ET Q q 0 0 0 rg BT 141.76 511.85 Td (with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 160.87 511.85 Td ($687.9million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 216.41 511.85 Td (, ) Tj ET Q q 0 0 0 rg BT 222.02 511.85 Td (including ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 260.65 511.85 Td ($107.6million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.19 511.85 Td ( ) Tj ET Q q 0 0 0 rg BT 319.30 511.85 Td (of ) Tj ET Q q 0 0 0 rg BT 329.92 511.85 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 392.06 511.85 Td (interests ) Tj ET Q q 0 0 0 rg BT 429.19 511.85 Td (as ) Tj ET Q q 0 0 0 rg BT 441.80 511.85 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.42 511.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 512.06 511.85 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.08 511.85 Td (. ) Tj ET Q q 0 0 0 rg BT 537.49 511.85 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 501.05 Td (slight ) Tj ET Q q 0 0 0 rg BT 82.15 501.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 121.31 501.05 Td (in ) Tj ET Q q 0 0 0 rg BT 130.45 501.05 Td (total ) Tj ET Q q 0 0 0 rg BT 149.60 501.05 Td (shareholders' ) Tj ET Q q 0 0 0 rg BT 205.48 501.05 Td (equity ) Tj ET Q q 0 0 0 rg BT 231.64 501.05 Td (stems ) Tj ET Q q 0 0 0 rg BT 257.78 501.05 Td (mainly ) Tj ET Q q 0 0 0 rg BT 285.92 501.05 Td (from ) Tj ET Q q 0 0 0 rg BT 306.06 501.05 Td (the ) Tj ET Q q 0 0 0 rg BT 320.70 501.05 Td ($23.4million ) Tj ET Q q 0 0 0 rg BT 373.37 501.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 412.53 501.05 Td (in ) Tj ET Q q 0 0 0 rg BT 421.67 501.05 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 482.84 501.05 Td (interests ) Tj ET Q q 0 0 0 rg BT 518.99 501.05 Td (resulting ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 490.25 Td (from ) Tj ET Q q 0 0 0 rg BT 78.98 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 93.46 490.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 138.96 490.25 Td (made ) Tj ET Q q 0 0 0 rg BT 163.45 490.25 Td (by ) Tj ET Q q 0 0 0 rg BT 174.93 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 189.42 490.25 Td (parent ) Tj ET Q q 0 0 0 rg BT 216.91 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 226.39 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.88 490.25 Td (Harrison ) Tj ET Q q 0 0 0 rg BT 276.87 490.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 318.37 490.25 Td (Facilities; ) Tj ET Q q 0 0 0 rg BT 357.85 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.34 490.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 408.33 490.25 Td (in ) Tj ET Q q 0 0 0 rg BT 417.31 490.25 Td (shareholders' ) Tj ET Q q 0 0 0 rg BT 473.03 490.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 499.03 490.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 535.02 490.25 Td (from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 479.45 Td (the ) Tj ET Q q 0 0 0 rg BT 74.01 479.45 Td (recognition ) Tj ET Q q 0 0 0 rg BT 120.54 479.45 Td (of ) Tj ET Q q 0 0 0 rg BT 130.55 479.45 Td (net ) Tj ET Q q 0 0 0 rg BT 145.56 479.45 Td (earnings ) Tj ET Q q 0 0 0 rg BT 182.58 479.45 Td (was ) Tj ET Q q 0 0 0 rg BT 201.09 479.45 Td (of) Tj ET Q q 0 0 0 rg BT 208.43 479.45 Td (fset ) Tj ET Q q 0 0 0 rg BT 225.44 479.45 Td (by ) Tj ET Q q 0 0 0 rg BT 237.44 479.45 Td (a ) Tj ET Q q 0 0 0 rg BT 244.95 479.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 284.47 479.45 Td (resulting ) Tj ET Q q 0 0 0 rg BT 320.99 479.45 Td (from ) Tj ET Q q 0 0 0 rg BT 341.49 479.45 Td (dividends ) Tj ET Q q 0 0 0 rg BT 382.02 479.45 Td (declared.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 456.65 Td (Other) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 435.05 Td (Contractual ) Tj ET Q q 0 0 0 rg BT 111.51 435.05 Td (Obligations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 413.45 Td (There ) Tj ET Q q 0 0 0 rg BT 85.01 413.45 Td (were ) Tj ET Q q 0 0 0 rg BT 107.02 413.45 Td (no ) Tj ET Q q 0 0 0 rg BT 119.53 413.45 Td (material ) Tj ET Q q 0 0 0 rg BT 154.04 413.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 190.57 413.45 Td (during ) Tj ET Q q 0 0 0 rg BT 218.09 413.45 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 233.10 413.45 Td (second) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 262.12 413.45 Td ( ) Tj ET Q q 0 0 0 rg BT 264.62 413.45 Td (quarter ) Tj ET Q q 0 0 0 rg BT 295.64 413.45 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.64 413.45 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.66 413.45 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 391.85 Td (Contingencies) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 370.25 Td (There ) Tj ET Q q 0 0 0 rg BT 85.01 370.25 Td (were ) Tj ET Q q 0 0 0 rg BT 107.02 370.25 Td (no ) Tj ET Q q 0 0 0 rg BT 119.53 370.25 Td (material ) Tj ET Q q 0 0 0 rg BT 154.04 370.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 190.57 370.25 Td (during ) Tj ET Q q 0 0 0 rg BT 218.09 370.25 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 233.10 370.25 Td (second) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 262.12 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 264.62 370.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 295.64 370.25 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.64 370.25 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.66 370.25 Td (.) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 334.80 Td (SEGMENT INFORMA) Tj ET Q q 0.2 0 0.6 rg BT 166.96 334.80 Td (TION) Tj ET Q BT /F4 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 312.00 Td (Geographic ) Tj ET Q q 0.2 0 0.6 rg BT 117.34 312.00 Td (Segments) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 290.40 Td (As ) Tj ET Q q 0 0 0 rg BT 71.84 290.40 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 81.68 290.40 Td (June30, ) Tj ET Q q 0 0 0 rg BT 118.55 290.40 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 138.57 290.40 Td (, ) Tj ET Q q 0 0 0 rg BT 143.41 290.40 Td (the ) Tj ET Q q 0 0 0 rg BT 158.25 290.40 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 207.62 290.40 Td (had ) Tj ET Q q 0 0 0 rg BT 224.97 290.40 Td (interests ) Tj ET Q q 0 0 0 rg BT 261.32 290.40 Td (in ) Tj ET Q q 0 0 0 rg BT 270.66 290.40 Td (21 ) Tj ET Q q 0 0 0 rg BT 283.01 290.40 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 336.37 290.40 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 373.21 290.40 Td (five ) Tj ET Q q 0 0 0 rg BT 389.56 290.40 Td (wind ) Tj ET Q q 0 0 0 rg BT 410.40 290.40 Td (farms ) Tj ET Q q 0 0 0 rg BT 435.24 290.40 Td (and ) Tj ET Q q 0 0 0 rg BT 452.59 290.40 Td (one ) Tj ET Q q 0 0 0 rg BT 469.95 290.40 Td (solar ) Tj ET Q q 0 0 0 rg BT 491.79 290.40 Td (farm ) Tj ET Q q 0 0 0 rg BT 512.13 290.40 Td (in ) Tj ET Q q 0 0 0 rg BT 521.47 290.40 Td (Canada ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 279.60 Td (and ) Tj ET Q q 0 0 0 rg BT 77.58 279.60 Td (one ) Tj ET Q q 0 0 0 rg BT 96.17 279.60 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 150.75 279.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 179.33 279.60 Td (in ) Tj ET Q q 0 0 0 rg BT 189.90 279.60 Td (the ) Tj ET Q q 0 0 0 rg BT 205.98 279.60 Td (United ) Tj ET Q q 0 0 0 rg BT 235.56 279.60 Td (States. ) Tj ET Q q 0 0 0 rg BT 267.14 279.60 Td (For ) Tj ET Q q 0 0 0 rg BT 284.21 279.60 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.29 279.60 Td (three- ) Tj ET Q q 0 0 0 rg BT 327.37 279.60 Td (and ) Tj ET Q q 0 0 0 rg BT 345.95 279.60 Td (six-month ) Tj ET Q q 0 0 0 rg BT 388.53 279.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 421.61 279.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 450.21 279.60 Td (June ) Tj ET Q q 0 0 0 rg BT 473.29 279.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 489.37 279.60 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.39 279.60 Td (, ) Tj ET Q q 0 0 0 rg BT 515.46 279.60 Td (operating ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 268.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 99.13 268.80 Td (generated ) Tj ET Q q 0 0 0 rg BT 142.76 268.80 Td (by ) Tj ET Q q 0 0 0 rg BT 155.37 268.80 Td (the ) Tj ET Q q 0 0 0 rg BT 170.99 268.80 Td (Horseshoe ) Tj ET Q q 0 0 0 rg BT 217.61 268.80 Td (Bend ) Tj ET Q q 0 0 0 rg BT 241.73 268.80 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 295.86 268.80 Td (facility ) Tj ET Q q 0 0 0 rg BT 323.96 268.80 Td (in ) Tj ET Q q 0 0 0 rg BT 334.07 268.80 Td (the ) Tj ET Q q 0 0 0 rg BT 349.69 268.80 Td (United ) Tj ET Q q 0 0 0 rg BT 378.80 268.80 Td (States ) Tj ET Q q 0 0 0 rg BT 407.42 268.80 Td (totalled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.54 268.80 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 460.16 268.80 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.67 268.80 Td ( ) Tj ET Q q 0 0 0 rg BT 488.77 268.80 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 506.89 268.80 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 527.51 268.80 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.02 268.80 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 258.00 Td (respectively ) Tj ET Q q 0 0 0 rg BT 108.19 258.00 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 111.19 258.00 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 130.37 258.00 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 155.88 258.00 Td ( ) Tj ET Q q 0 0 0 rg BT 157.55 258.00 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 174.24 258.00 Td ($1.6 ) Tj ET Q q 0 0 0 rg BT 193.43 258.00 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 218.93 258.00 Td ( ) Tj ET Q q 0 0 0 rg BT 220.60 258.00 Td (respectively ) Tj ET Q q 0 0 0 rg BT 269.79 258.00 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 278.47 258.00 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 298.49 258.00 Td (\), ) Tj ET Q q 0 0 0 rg BT 305.66 258.00 Td (representing ) Tj ET Q q 0 0 0 rg BT 357.36 258.00 Td (contributions ) Tj ET Q q 0 0 0 rg BT 410.06 258.00 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.24 258.00 Td (2.0%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.76 258.00 Td ( ) Tj ET Q q 0 0 0 rg BT 441.43 258.00 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.11 258.00 Td (1.5%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.63 258.00 Td ( ) Tj ET Q q 0 0 0 rg BT 480.30 258.00 Td (respectively ) Tj ET Q q 0 0 0 rg BT 529.49 258.00 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.49 258.00 Td (2.1%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.00 258.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 247.20 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.52 247.20 Td (1.9%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.03 247.20 Td ( ) Tj ET Q q 0 0 0 rg BT 99.53 247.20 Td (respectively ) Tj ET Q q 0 0 0 rg BT 149.55 247.20 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 159.05 247.20 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 179.08 247.20 Td (\) ) Tj ET Q q 0 0 0 rg BT 184.57 247.20 Td (to ) Tj ET Q q 0 0 0 rg BT 194.58 247.20 Td (the ) Tj ET Q q 0 0 0 rg BT 209.59 247.20 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 265.34 247.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 318.37 247.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 358.40 247.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 397.93 247.20 Td (for ) Tj ET Q q 0 0 0 rg BT 410.93 247.20 Td (these ) Tj ET Q q 0 0 0 rg BT 435.45 247.20 Td (periods. ) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 224.40 Td (Operating ) Tj ET Q q 0.2 0 0.6 rg BT 109.00 224.40 Td (Segments) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 202.80 Td (As ) Tj ET Q q 0 0 0 rg BT 72.58 202.80 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 83.17 202.80 Td (June30, ) Tj ET Q q 0 0 0 rg BT 120.78 202.80 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 140.80 202.80 Td (, ) Tj ET Q q 0 0 0 rg BT 146.38 202.80 Td (the ) Tj ET Q q 0 0 0 rg BT 161.97 202.80 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 212.08 202.80 Td (had ) Tj ET Q q 0 0 0 rg BT 230.18 202.80 Td (four ) Tj ET Q q 0 0 0 rg BT 248.76 202.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 289.37 202.80 Td (segments: ) Tj ET Q q 0 0 0 rg BT 333.97 202.80 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 388.08 202.80 Td (generation, ) Tj ET Q q 0 0 0 rg BT 436.19 202.80 Td (wind ) Tj ET Q q 0 0 0 rg BT 457.78 202.80 Td (power ) Tj ET Q q 0 0 0 rg BT 485.38 202.80 Td (generation, ) Tj ET Q q 0 0 0 rg BT 533.49 202.80 Td (solar ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 192.00 Td (power ) Tj ET Q q 0 0 0 rg BT 86.01 192.00 Td (generation, ) Tj ET Q q 0 0 0 rg BT 133.55 192.00 Td (and ) Tj ET Q q 0 0 0 rg BT 151.07 192.00 Td (site ) Tj ET Q q 0 0 0 rg BT 167.57 192.00 Td (development. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 170.40 Td (Through ) Tj ET Q q 0 0 0 rg BT 95.07 170.40 Td (its ) Tj ET Q q 0 0 0 rg BT 106.62 170.40 Td (hydroelectric, ) Tj ET Q q 0 0 0 rg BT 162.69 170.40 Td (wind ) Tj ET Q q 0 0 0 rg BT 183.75 170.40 Td (power ) Tj ET Q q 0 0 0 rg BT 210.81 170.40 Td (and ) Tj ET Q q 0 0 0 rg BT 228.37 170.40 Td (solar ) Tj ET Q q 0 0 0 rg BT 250.43 170.40 Td (power ) Tj ET Q q 0 0 0 rg BT 277.49 170.40 Td (generation ) Tj ET Q q 0 0 0 rg BT 322.57 170.40 Td (segments, ) Tj ET Q q 0 0 0 rg BT 366.64 170.40 Td (the ) Tj ET Q q 0 0 0 rg BT 381.70 170.40 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 431.27 170.40 Td (sells ) Tj ET Q q 0 0 0 rg BT 451.83 170.40 Td (electricity ) Tj ET Q q 0 0 0 rg BT 491.88 170.40 Td (produced ) Tj ET Q q 0 0 0 rg BT 531.96 170.40 Td (by ) Tj ET Q q 0 0 0 rg BT 544.01 170.40 Td (its ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 159.60 Td (hydroelectric, ) Tj ET Q q 0 0 0 rg BT 114.26 159.60 Td (wind ) Tj ET Q q 0 0 0 rg BT 134.52 159.60 Td (farm ) Tj ET Q q 0 0 0 rg BT 154.26 159.60 Td (and ) Tj ET Q q 0 0 0 rg BT 171.02 159.60 Td (solar ) Tj ET Q q 0 0 0 rg BT 192.27 159.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 226.02 159.60 Td (to ) Tj ET Q q 0 0 0 rg BT 235.27 159.60 Td (publicly ) Tj ET Q q 0 0 0 rg BT 267.02 159.60 Td (owned ) Tj ET Q q 0 0 0 rg BT 295.29 159.60 Td (utilities. ) Tj ET Q q 0 0 0 rg BT 326.92 159.60 Td (Through ) Tj ET Q q 0 0 0 rg BT 362.19 159.60 Td (its ) Tj ET Q q 0 0 0 rg BT 372.93 159.60 Td (site ) Tj ET Q q 0 0 0 rg BT 388.68 159.60 Td (development ) Tj ET Q q 0 0 0 rg BT 441.95 159.60 Td (segment, ) Tj ET Q q 0 0 0 rg BT 480.72 159.60 Td (Innergex ) Tj ET Q q 0 0 0 rg BT 517.48 159.60 Td (analyzes ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 148.80 Td (potential ) Tj ET Q q 0 0 0 rg BT 95.53 148.80 Td (sites ) Tj ET Q q 0 0 0 rg BT 116.53 148.80 Td (and ) Tj ET Q q 0 0 0 rg BT 134.05 148.80 Td (develops ) Tj ET Q q 0 0 0 rg BT 172.58 148.80 Td (hydroelectric, ) Tj ET Q q 0 0 0 rg BT 228.60 148.80 Td (wind ) Tj ET Q q 0 0 0 rg BT 249.61 148.80 Td (and ) Tj ET Q q 0 0 0 rg BT 267.13 148.80 Td (solar ) Tj ET Q q 0 0 0 rg BT 289.13 148.80 Td (facilities ) Tj ET Q q 0 0 0 rg BT 323.64 148.80 Td (up ) Tj ET Q q 0 0 0 rg BT 336.15 148.80 Td (to ) Tj ET Q q 0 0 0 rg BT 346.16 148.80 Td (the ) Tj ET Q q 0 0 0 rg BT 361.17 148.80 Td (commissioning ) Tj ET Q q 0 0 0 rg BT 423.19 148.80 Td (stage. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 127.20 Td (The ) Tj ET Q q 0 0 0 rg BT 77.14 127.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 123.31 127.20 Td (policies ) Tj ET Q q 0 0 0 rg BT 155.96 127.20 Td (for ) Tj ET Q q 0 0 0 rg BT 169.09 127.20 Td (these ) Tj ET Q q 0 0 0 rg BT 193.74 127.20 Td (segments ) Tj ET Q q 0 0 0 rg BT 235.40 127.20 Td (are ) Tj ET Q q 0 0 0 rg BT 251.04 127.20 Td (the ) Tj ET Q q 0 0 0 rg BT 266.18 127.20 Td (same ) Tj ET Q q 0 0 0 rg BT 290.82 127.20 Td (as ) Tj ET Q q 0 0 0 rg BT 302.96 127.20 Td (those ) Tj ET Q q 0 0 0 rg BT 327.61 127.20 Td (described ) Tj ET Q q 0 0 0 rg BT 369.27 127.20 Td (in ) Tj ET Q q 0 0 0 rg BT 378.91 127.20 Td (the ) Tj ET Q q 0 0 0 rg BT 394.06 127.20 Td (Significant ) Tj ET Q q 0 0 0 rg BT 440.69 127.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 487.85 127.20 Td (Policies ) Tj ET Q q 0 0 0 rg BT 524.49 127.20 Td (section ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 116.40 Td (of ) Tj ET Q q 0 0 0 rg BT 70.56 116.40 Td (the ) Tj ET Q q 0 0 0 rg BT 87.13 116.40 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 144.43 116.40 Td (audited ) Tj ET Q q 0 0 0 rg BT 178.01 116.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 232.60 116.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 269.67 116.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 317.75 116.40 Td (for ) Tj ET Q q 0 0 0 rg BT 332.31 116.40 Td (the ) Tj ET Q q 0 0 0 rg BT 348.87 116.40 Td (year ) Tj ET Q q 0 0 0 rg BT 370.43 116.40 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.52 116.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 460.10 116.40 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.12 116.40 Td (. ) Tj ET Q q 0 0 0 rg BT 486.41 116.40 Td (The ) Tj ET Q q 0 0 0 rg BT 505.97 116.40 Td (Corporation ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 105.60 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 98.89 105.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 150.77 105.60 Td (based ) Tj ET Q q 0 0 0 rg BT 176.66 105.60 Td (on ) Tj ET Q q 0 0 0 rg BT 187.76 105.60 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 224.14 105.60 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 256.15 105.60 Td ( ) Tj ET Q q 0 0 0 rg BT 257.51 105.60 Td (and ) Tj ET Q q 0 0 0 rg BT 273.89 105.60 Td (accounts ) Tj ET Q q 0 0 0 rg BT 311.28 105.60 Td (for ) Tj ET Q q 0 0 0 rg BT 323.14 105.60 Td (inter-segment ) Tj ET Q q 0 0 0 rg BT 379.52 105.60 Td (and ) Tj ET Q q 0 0 0 rg BT 395.90 105.60 Td (management ) Tj ET Q q 0 0 0 rg BT 449.80 105.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 472.17 105.60 Td (at ) Tj ET Q q 0 0 0 rg BT 481.03 105.60 Td (cost. ) Tj ET Q q 0 0 0 rg BT 501.13 105.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 518.00 105.60 Td (transfers ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 94.80 Td (of ) Tj ET Q q 0 0 0 rg BT 67.91 94.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 95.32 94.80 Td (from ) Tj ET Q q 0 0 0 rg BT 114.73 94.80 Td (the ) Tj ET Q q 0 0 0 rg BT 128.64 94.80 Td (site ) Tj ET Q q 0 0 0 rg BT 144.05 94.80 Td (development ) Tj ET Q q 0 0 0 rg BT 196.99 94.80 Td (segment ) Tj ET Q q 0 0 0 rg BT 232.91 94.80 Td (to ) Tj ET Q q 0 0 0 rg BT 241.82 94.80 Td (the ) Tj ET Q q 0 0 0 rg BT 255.73 94.80 Td (hydroelectric, ) Tj ET Q q 0 0 0 rg BT 310.65 94.80 Td (wind ) Tj ET Q q 0 0 0 rg BT 330.57 94.80 Td (power ) Tj ET Q q 0 0 0 rg BT 356.48 94.80 Td (or ) Tj ET Q q 0 0 0 rg BT 365.89 94.80 Td (solar ) Tj ET Q q 0 0 0 rg BT 386.80 94.80 Td (power ) Tj ET Q q 0 0 0 rg BT 412.71 94.80 Td (generation ) Tj ET Q q 0 0 0 rg BT 456.65 94.80 Td (segments ) Tj ET Q q 0 0 0 rg BT 497.07 94.80 Td (are ) Tj ET Q q 0 0 0 rg BT 511.48 94.80 Td (accounted ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 84.00 Td (for ) Tj ET Q q 0 0 0 rg BT 72.00 84.00 Td (at ) Tj ET Q q 0 0 0 rg BT 82.01 84.00 Td (cost.) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 695.45 Td (The ) Tj ET Q q 0 0 0 rg BT 76.73 695.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 120.99 695.45 Td (of ) Tj ET Q q 0 0 0 rg BT 130.72 695.45 Td (the ) Tj ET Q q 0 0 0 rg BT 145.46 695.45 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 200.93 695.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 240.68 695.45 Td (segments ) Tj ET Q q 0 0 0 rg BT 281.93 695.45 Td (are ) Tj ET Q q 0 0 0 rg BT 297.16 695.45 Td (conducted ) Tj ET Q q 0 0 0 rg BT 340.92 695.45 Td (by ) Tj ET Q q 0 0 0 rg BT 352.65 695.45 Td (dif) Tj ET Q q 0 0 0 rg BT 361.99 695.45 Td (ferent ) Tj ET Q q 0 0 0 rg BT 387.23 695.45 Td (teams, ) Tj ET Q q 0 0 0 rg BT 416.47 695.45 Td (as ) Tj ET Q q 0 0 0 rg BT 428.20 695.45 Td (each ) Tj ET Q q 0 0 0 rg BT 449.94 695.45 Td (segment ) Tj ET Q q 0 0 0 rg BT 486.68 695.45 Td (has ) Tj ET Q q 0 0 0 rg BT 503.42 695.45 Td (dif) Tj ET Q q 0 0 0 rg BT 512.76 695.45 Td (ferent ) Tj ET Q q 0 0 0 rg BT 538.00 695.45 Td (skill ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 684.65 Td (requirements. ) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.50 674.15 204.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 262.50 674.15 59.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 321.50 674.15 58.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 379.50 674.15 57.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 436.50 674.15 60.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 496.50 674.15 56.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 58.50 652.15 263.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 321.50 652.15 58.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 379.50 652.15 57.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 436.50 652.15 60.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 496.50 652.15 56.00 -22.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 58.50 530.15 263.00 -22.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 321.50 530.15 58.00 -22.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 379.50 530.15 57.00 -22.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 436.50 530.15 60.00 -22.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 530.15 56.00 -22.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 543.15 m 262.5 543.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 543.15 m 321.5 543.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 543.15 m 379.5 543.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 543.15 m 436.5 543.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 543.15 m 496.5 543.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 543.15 m 552.5 543.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 531.15 m 262.5 531.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 529.15 m 262.5 529.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 543.15 m 321.5 543.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 531.15 m 321.5 531.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 529.15 m 321.5 529.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 543.15 m 379.5 543.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 531.15 m 379.5 531.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 529.15 m 379.5 529.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 543.15 m 436.5 543.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 531.15 m 436.5 531.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 529.15 m 436.5 529.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 543.15 m 496.5 543.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 531.15 m 496.5 531.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 529.15 m 496.5 529.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 543.15 m 552.5 543.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 531.15 m 552.5 531.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 529.15 m 552.5 529.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 421.15 m 262.5 421.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 421.15 m 321.5 421.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 421.15 m 379.5 421.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 421.15 m 436.5 421.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 421.15 m 496.5 421.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 421.15 m 552.5 421.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 421.15 m 262.5 421.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 409.15 m 262.5 409.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 407.15 m 262.5 407.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 421.15 m 321.5 421.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 409.15 m 321.5 409.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 407.15 m 321.5 407.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 421.15 m 379.5 421.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 409.15 m 379.5 409.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 407.15 m 379.5 407.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 421.15 m 436.5 421.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 409.15 m 436.5 409.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 407.15 m 436.5 407.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 421.15 m 496.5 421.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 409.15 m 496.5 409.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 407.15 m 496.5 407.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 421.15 m 552.5 421.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 409.15 m 552.5 409.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 407.15 m 552.5 407.15 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 265.20 665.10 Td (Hydroelectric) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 269.20 656.10 Td (Generation) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 325.70 665.10 Td (Wind Power) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 327.70 656.10 Td (Generation) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 382.95 665.10 Td (Solar Power) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 385.20 656.10 Td (Generation) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 458.20 665.10 Td (Site) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 439.45 656.10 Td (Development) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 514.45 656.55 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 61.00 634.55 Td (For the three-month period ended June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.00 612.10 Td (Power generated \(MWh\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 279.45 612.10 Td (638,994) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 337.45 612.10 Td (140,551) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.45 612.10 Td (12,997) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.00 612.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.45 612.10 Td (792,542) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 599.10 Td (Operating revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.45 599.10 Td (46,611) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 342.45 599.10 Td (11,097) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.45 599.10 Td (5,459) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.00 599.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 599.10 Td (63,167) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 586.10 Td (Expenses:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 573.10 Td (Operating expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 289.45 573.10 Td (5,567) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 347.45 573.10 Td (2,403) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 411.95 573.10 Td (289) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.00 573.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 573.10 Td (8,259) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 560.10 Td (General and administrative expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 289.45 560.10 Td (1,795) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.95 560.10 Td (615) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.95 560.10 Td (53) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.95 560.10 Td (461) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 560.10 Td (2,924) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 547.10 Td (Prospective project expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.00 547.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 361.00 547.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.00 547.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.95 547.10 Td (724) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.95 547.10 Td (724) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 534.10 Td (Adjusted EBITDA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.45 534.10 Td (39,249) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 347.45 534.10 Td (8,079) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.45 534.10 Td (5,117) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.45 534.10 Td (\(1,185) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.00 534.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 534.10 Td (51,260) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 512.55 Td (For the three-month period ended June 30, 2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 490.10 Td (Power generated \(MWh\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 279.45 490.10 Td (569,985) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 337.45 490.10 Td (110,873) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.45 490.10 Td (13,804) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.00 490.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.45 490.10 Td (694,662) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 477.10 Td (Operating revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.45 477.10 Td (41,932) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 347.45 477.10 Td (9,034) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.45 477.10 Td (3,394) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.00 477.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 477.10 Td (54,360) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 464.10 Td (Expenses:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 451.10 Td (Operating expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 289.45 451.10 Td (4,661) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 347.45 451.10 Td (1,768) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.95 451.10 Td (41) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.00 451.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 451.10 Td (6,470) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 438.10 Td (General and administrative expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 289.45 438.10 Td (1,483) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.95 438.10 Td (589) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.95 438.10 Td (29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.95 438.10 Td (538) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 438.10 Td (2,639) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 425.10 Td (Prospective project expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.00 425.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 361.00 425.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.00 425.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.95 425.10 Td (647) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.95 425.10 Td (647) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 412.10 Td (Adjusted EBITDA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.45 412.10 Td (35,788) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 347.45 412.10 Td (6,677) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.45 412.10 Td (3,324) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.45 412.10 Td (\(1,185) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.00 412.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 412.10 Td (44,604) Tj ET Q BT /F2 10.00 Tf ET 0.4 0.6 0.8 rg /GS0 gs 58.50 386.15 204.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 262.50 386.15 59.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 321.50 386.15 58.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 379.50 386.15 57.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 436.50 386.15 60.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 496.50 386.15 56.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 58.50 364.15 263.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 321.50 364.15 58.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 379.50 364.15 57.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 436.50 364.15 60.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 496.50 364.15 56.00 -22.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 58.50 242.15 263.00 -22.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 321.50 242.15 58.00 -22.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 379.50 242.15 57.00 -22.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 436.50 242.15 60.00 -22.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 242.15 56.00 -22.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 255.14999999999998 m 262.5 255.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 255.14999999999998 m 321.5 255.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 255.14999999999998 m 379.5 255.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 255.14999999999998 m 436.5 255.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 255.14999999999998 m 496.5 255.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 255.14999999999998 m 552.5 255.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 243.14999999999998 m 262.5 243.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 241.14999999999998 m 262.5 241.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 255.14999999999998 m 321.5 255.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 243.14999999999998 m 321.5 243.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 241.14999999999998 m 321.5 241.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 255.14999999999998 m 379.5 255.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 243.14999999999998 m 379.5 243.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 241.14999999999998 m 379.5 241.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 255.14999999999998 m 436.5 255.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 243.14999999999998 m 436.5 243.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 241.14999999999998 m 436.5 241.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 255.14999999999998 m 496.5 255.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 243.14999999999998 m 496.5 243.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 241.14999999999998 m 496.5 241.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 255.14999999999998 m 552.5 255.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 243.14999999999998 m 552.5 243.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 241.14999999999998 m 552.5 241.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 133.14999999999998 m 262.5 133.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 133.14999999999998 m 262.5 133.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 121.14999999999998 m 262.5 121.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 119.14999999999998 m 262.5 119.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 133.14999999999998 m 321.5 133.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 121.14999999999998 m 321.5 121.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 119.14999999999998 m 321.5 119.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 133.14999999999998 m 379.5 133.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 121.14999999999998 m 379.5 121.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 119.14999999999998 m 379.5 119.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 133.14999999999998 m 436.5 133.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 121.14999999999998 m 436.5 121.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 119.14999999999998 m 436.5 119.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 133.14999999999998 m 496.5 133.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 121.14999999999998 m 496.5 121.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 119.14999999999998 m 496.5 119.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 133.14999999999998 m 552.5 133.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 121.14999999999998 m 552.5 121.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 119.14999999999998 m 552.5 119.14999999999998 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 265.20 377.10 Td (Hydroelectric) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 269.20 368.10 Td (Generation) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 325.70 377.10 Td (Wind Power) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 327.70 368.10 Td (Generation) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 382.95 377.10 Td (Solar Power) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 385.20 368.10 Td (Generation) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 458.20 377.10 Td (Site) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 439.45 368.10 Td (Development) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 514.45 368.55 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 61.00 346.55 Td (For the six-month period ended June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.00 324.10 Td (Power generated \(MWh\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 279.45 324.10 Td (815,552) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 337.45 324.10 Td (343,227) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.45 324.10 Td (19,932) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.00 324.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.95 324.10 Td (1,178,711) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 311.10 Td (Operating revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.45 311.10 Td (63,185) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 342.45 311.10 Td (27,298) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.45 311.10 Td (8,372) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.00 311.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 311.10 Td (98,855) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 298.10 Td (Expenses:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 285.10 Td (Operating expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 289.45 285.10 Td (9,644) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 347.45 285.10 Td (4,473) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 411.95 285.10 Td (600) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.00 285.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 285.10 Td (14,717) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 272.10 Td (General and administrative expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 289.45 272.10 Td (3,643) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 347.45 272.10 Td (1,210) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 411.95 272.10 Td (171) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.95 272.10 Td (902) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 272.10 Td (5,926) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 259.10 Td (Prospective project expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.00 259.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 361.00 259.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.00 259.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.45 259.10 Td (1,549) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 259.10 Td (1,549) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 246.10 Td (Adjusted EBITDA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.45 246.10 Td (49,898) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 342.45 246.10 Td (21,615) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.45 246.10 Td (7,601) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.45 246.10 Td (\(2,451) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.00 246.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 246.10 Td (76,663) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.00 224.55 Td (For the six-month period ended June 30, 2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 202.10 Td (Power generated \(MWh\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 279.45 202.10 Td (744,343) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 337.45 202.10 Td (255,849) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.45 202.10 Td (13,804) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.00 202.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.95 202.10 Td (1,013,996) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 189.10 Td (Operating revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.45 189.10 Td (57,967) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 342.45 189.10 Td (21,068) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.45 189.10 Td (3,394) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.00 189.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 189.10 Td (82,429) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 176.10 Td (Expenses:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 163.10 Td (Operating expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 289.45 163.10 Td (8,386) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 347.45 163.10 Td (3,707) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.95 163.10 Td (41) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.00 163.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 163.10 Td (12,134) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 150.10 Td (General and administrative expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 289.45 150.10 Td (2,833) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 347.45 150.10 Td (1,385) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.95 150.10 Td (29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.45 150.10 Td (1,425) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 150.10 Td (5,672) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 137.10 Td (Prospective project expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.00 137.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 361.00 137.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.00 137.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.45 137.10 Td (1,730) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 137.10 Td (1,730) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 124.10 Td (Adjusted EBITDA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.45 124.10 Td (46,748) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 342.45 124.10 Td (15,976) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.45 124.10 Td (3,324) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.45 124.10 Td (\(3,155) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.00 124.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 124.10 Td (62,893) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 26) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.50 701.50 192.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 250.50 701.50 60.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 310.50 701.50 60.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 370.50 701.50 60.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 430.50 701.50 60.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 490.50 701.50 62.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 58.50 679.50 192.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 250.50 679.50 60.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 310.50 679.50 60.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 370.50 679.50 60.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 430.50 679.50 60.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 490.50 679.50 62.00 -22.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 58.50 586.50 192.00 -22.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 586.50 60.00 -22.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 310.50 586.50 60.00 -22.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 370.50 586.50 60.00 -22.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 430.50 586.50 60.00 -22.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 490.50 586.50 62.00 -22.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 587.5 m 250.5 587.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 585.5 m 250.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 587.5 m 310.5 587.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 585.5 m 310.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 587.5 m 370.5 587.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 585.5 m 370.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 587.5 m 430.5 587.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 585.5 m 430.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 587.5 m 490.5 587.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 585.5 m 490.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 587.5 m 552.5 587.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 585.5 m 552.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 493.5 m 250.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 491.5 m 250.5 491.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 493.5 m 310.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 491.5 m 310.5 491.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 493.5 m 370.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 491.5 m 370.5 491.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 493.5 m 430.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 491.5 m 430.5 491.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 493.5 m 490.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 491.5 m 490.5 491.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 493.5 m 552.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 491.5 m 552.5 491.5 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 253.70 692.45 Td (Hydroelectric) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 257.70 683.45 Td (Generation) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 315.70 692.45 Td (Wind Power) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 317.70 683.45 Td (Generation) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 375.45 692.45 Td (Solar Power) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 377.70 683.45 Td (Generation) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 452.20 692.45 Td (Site) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 433.45 683.45 Td (Development) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 511.45 683.90 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 67.00 661.90 Td (As at June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.00 639.45 Td (Goodwill) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 278.45 639.45 Td (8,269) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 352.00 639.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.00 639.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.00 639.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 639.45 Td (8,269) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 626.45 Td (Total assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 260.95 626.45 Td (1,274,471) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.45 626.45 Td (396,392) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 388.45 626.45 Td (135,731) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.45 626.45 Td (494,587) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.95 626.45 Td (2,301,181) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 613.45 Td (Total liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 268.45 613.45 Td (797,289) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.45 613.45 Td (383,584) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 388.45 613.45 Td (137,890) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.45 613.45 Td (310,350) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.95 613.45 Td (1,629,113) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 599.90 Td (Acquisition of property) Tj ET Q q 0 0 0 rg BT 155.38 599.90 Td (, plant and equipment ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.00 590.90 Td (since the beginning of the year) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 285.95 590.90 Td (271) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.45 590.90 Td (1,770) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.95 590.90 Td (100) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.45 590.90 Td (54,757) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 590.90 Td (56,898) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 568.90 Td (As at December 31, 2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 546.45 Td (Goodwill) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 278.45 546.45 Td (8,269) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 352.00 546.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.00 546.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.00 546.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 546.45 Td (8,269) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 533.45 Td (Total assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 260.95 533.45 Td (1,281,758) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.45 533.45 Td (423,634) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 388.45 533.45 Td (139,222) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.45 533.45 Td (451,826) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.95 533.45 Td (2,296,440) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 520.45 Td (Total liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 268.45 520.45 Td (809,611) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.45 520.45 Td (383,435) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 388.45 520.45 Td (144,555) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.45 520.45 Td (270,907) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.95 520.45 Td (1,608,508) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 505.90 Td (Acquisition of property) Tj ET Q q 0 0 0 rg BT 155.38 505.90 Td (, plant and equipment ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.00 496.90 Td (during the year) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 285.95 496.90 Td (612) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.45 496.90 Td (3,682) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.95 496.90 Td (153) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.45 496.90 Td (169,449) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.45 496.90 Td (173,896) Tj ET Q BT /F2 10.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 471.40 Td (Hydroelectric ) Tj ET Q q 0 0 0 rg BT 119.02 471.40 Td (Generation ) Tj ET Q q 0 0 0 rg BT 169.03 471.40 Td (Segment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 449.80 Td (For ) Tj ET Q q 0 0 0 rg BT 75.37 449.80 Td (the ) Tj ET Q q 0 0 0 rg BT 90.75 449.80 Td (three-month ) Tj ET Q q 0 0 0 rg BT 142.15 449.80 Td (period ) Tj ET Q q 0 0 0 rg BT 170.04 449.80 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 197.94 449.80 Td (June30, ) Tj ET Q q 0 0 0 rg BT 235.34 449.80 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 255.36 449.80 Td (, ) Tj ET Q q 0 0 0 rg BT 260.73 449.80 Td (this ) Tj ET Q q 0 0 0 rg BT 277.61 449.80 Td (segment ) Tj ET Q q 0 0 0 rg BT 315.00 449.80 Td (produced ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.40 449.80 Td (4%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.41 449.80 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 371.28 449.80 Td (more) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.78 449.80 Td ( ) Tj ET Q q 0 0 0 rg BT 394.66 449.80 Td (power ) Tj ET Q q 0 0 0 rg BT 422.04 449.80 Td (than ) Tj ET Q q 0 0 0 rg BT 442.43 449.80 Td (the ) Tj ET Q q 0 0 0 rg BT 457.81 449.80 Td (L) Tj ET Q q 0 0 0 rg BT 462.15 449.80 Td (T) Tj ET Q q 0 0 0 rg BT 466.98 449.80 Td (A) Tj ET Q q 0 0 0 rg BT 472.48 449.80 Td ( ) Tj ET Q q 0 0 0 rg BT 475.36 449.80 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.35 449.80 Td (1%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.36 449.80 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.23 449.80 Td (more) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.74 449.80 Td ( ) Tj ET Q q 0 0 0 rg BT 517.61 449.80 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.49 449.80 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.51 449.80 Td (\), ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 439.00 Td (and ) Tj ET Q q 0 0 0 rg BT 77.26 439.00 Td (generated ) Tj ET Q q 0 0 0 rg BT 121.04 439.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 161.82 439.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 202.08 439.00 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 212.84 439.00 Td ($46.6million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 263.36 439.00 Td ( ) Tj ET Q q 0 0 0 rg BT 266.61 439.00 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 269.61 439.00 Td ($41.9million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.13 439.00 Td ( ) Tj ET Q q 0 0 0 rg BT 323.38 439.00 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.63 439.00 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.65 439.00 Td (\). ) Tj ET Q q 0 0 0 rg BT 362.18 439.00 Td (The ) Tj ET Q q 0 0 0 rg BT 380.94 439.00 Td (production ) Tj ET Q q 0 0 0 rg BT 426.21 439.00 Td (level ) Tj ET Q q 0 0 0 rg BT 447.97 439.00 Td (was ) Tj ET Q q 0 0 0 rg BT 467.22 439.00 Td (due ) Tj ET Q q 0 0 0 rg BT 485.48 439.00 Td (mainly ) Tj ET Q q 0 0 0 rg BT 514.73 439.00 Td (to ) Tj ET Q q 0 0 0 rg BT 525.48 439.00 Td (above-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 428.20 Td (average ) Tj ET Q q 0 0 0 rg BT 94.02 428.20 Td (water ) Tj ET Q q 0 0 0 rg BT 118.52 428.20 Td (flows ) Tj ET Q q 0 0 0 rg BT 141.52 428.20 Td (in ) Tj ET Q q 0 0 0 rg BT 151.02 428.20 Td (all ) Tj ET Q q 0 0 0 rg BT 162.52 428.20 Td (geographic ) Tj ET Q q 0 0 0 rg BT 209.54 428.20 Td (markets, ) Tj ET Q q 0 0 0 rg BT 246.54 428.20 Td (especially ) Tj ET Q q 0 0 0 rg BT 288.56 428.20 Td (Ontario ) Tj ET Q q 0 0 0 rg BT 320.57 428.20 Td (and ) Tj ET Q q 0 0 0 rg BT 338.08 428.20 Td (the ) Tj ET Q q 0 0 0 rg BT 353.08 428.20 Td (United ) Tj ET Q q 0 0 0 rg BT 381.59 428.20 Td (States. ) Tj ET Q q 0 0 0 rg BT 411.94 428.20 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.94 428.20 Td (increase) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 463.96 428.20 Td ( ) Tj ET Q q 0 0 0 rg BT 466.45 428.20 Td (in ) Tj ET Q q 0 0 0 rg BT 475.95 428.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 515.98 428.20 Td (revenues ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 417.40 Td (stems ) Tj ET Q q 0 0 0 rg BT 85.50 417.40 Td (mainly ) Tj ET Q q 0 0 0 rg BT 114.01 417.40 Td (from ) Tj ET Q q 0 0 0 rg BT 134.51 417.40 Td (the ) Tj ET Q q 0 0 0 rg BT 149.52 417.40 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 194.55 417.40 Td (of ) Tj ET Q q 0 0 0 rg BT 204.56 417.40 Td (the ) Tj ET Q q 0 0 0 rg BT 219.57 417.40 Td (Brown ) Tj ET Q q 0 0 0 rg BT 247.58 417.40 Td (Lake ) Tj ET Q q 0 0 0 rg BT 269.59 417.40 Td (and ) Tj ET Q q 0 0 0 rg BT 287.11 417.40 Td (Miller ) Tj ET Q q 0 0 0 rg BT 311.11 417.40 Td (Creek ) Tj ET Q q 0 0 0 rg BT 337.62 417.40 Td (facilities.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 395.80 Td (For ) Tj ET Q q 0 0 0 rg BT 74.61 395.80 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 89.24 395.80 Td (six-month ) Tj ET Q q 0 0 0 rg BT 130.36 395.80 Td (period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 155.38 395.80 Td ( ) Tj ET Q q 0 0 0 rg BT 157.49 395.80 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 184.63 395.80 Td (June30, ) Tj ET Q q 0 0 0 rg BT 221.27 395.80 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 241.30 395.80 Td (, ) Tj ET Q q 0 0 0 rg BT 245.91 395.80 Td (the ) Tj ET Q q 0 0 0 rg BT 260.53 395.80 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 313.67 395.80 Td (generation ) Tj ET Q q 0 0 0 rg BT 358.32 395.80 Td (segment ) Tj ET Q q 0 0 0 rg BT 394.95 395.80 Td (produced ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.59 395.80 Td (4%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.60 395.80 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.71 395.80 Td (less) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.72 395.80 Td ( ) Tj ET Q q 0 0 0 rg BT 467.83 395.80 Td (than ) Tj ET Q q 0 0 0 rg BT 487.46 395.80 Td (the ) Tj ET Q q 0 0 0 rg BT 502.08 395.80 Td (L) Tj ET Q q 0 0 0 rg BT 506.42 395.80 Td (T) Tj ET Q q 0 0 0 rg BT 511.25 395.80 Td (A) Tj ET Q q 0 0 0 rg BT 516.76 395.80 Td ( ) Tj ET Q q 0 0 0 rg BT 518.87 395.80 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.87 395.80 Td (5%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.88 395.80 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.99 395.80 Td (less) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 552.99 395.80 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 385.00 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.10 385.00 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 88.12 385.00 Td (\) ) Tj ET Q q 0 0 0 rg BT 93.21 385.00 Td (and ) Tj ET Q q 0 0 0 rg BT 110.32 385.00 Td (generated ) Tj ET Q q 0 0 0 rg BT 152.95 385.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 192.57 385.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 231.68 385.00 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 241.28 385.00 Td ($63.2 ) Tj ET Q q 0 0 0 rg BT 265.90 385.00 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 291.40 385.00 Td ( ) Tj ET Q q 0 0 0 rg BT 293.50 385.00 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 296.49 385.00 Td ($58.0 ) Tj ET Q q 0 0 0 rg BT 321.11 385.00 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 346.61 385.00 Td ( ) Tj ET Q q 0 0 0 rg BT 348.71 385.00 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.80 385.00 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 377.83 385.00 Td (\). ) Tj ET Q q 0 0 0 rg BT 385.28 385.00 Td (The ) Tj ET Q q 0 0 0 rg BT 402.88 385.00 Td (production ) Tj ET Q q 0 0 0 rg BT 447.00 385.00 Td (level ) Tj ET Q q 0 0 0 rg BT 467.61 385.00 Td (is ) Tj ET Q q 0 0 0 rg BT 476.20 385.00 Td (due ) Tj ET Q q 0 0 0 rg BT 493.31 385.00 Td (mainly ) Tj ET Q q 0 0 0 rg BT 521.41 385.00 Td (to ) Tj ET Q q 0 0 0 rg BT 531.01 385.00 Td (water ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 374.20 Td (flows ) Tj ET Q q 0 0 0 rg BT 82.33 374.20 Td (being ) Tj ET Q q 0 0 0 rg BT 107.18 374.20 Td (below ) Tj ET Q q 0 0 0 rg BT 133.52 374.20 Td (average ) Tj ET Q q 0 0 0 rg BT 168.87 374.20 Td (in ) Tj ET Q q 0 0 0 rg BT 178.70 374.20 Td (British ) Tj ET Q q 0 0 0 rg BT 206.53 374.20 Td (Columbia ) Tj ET Q q 0 0 0 rg BT 247.38 374.20 Td (and ) Tj ET Q q 0 0 0 rg BT 265.22 374.20 Td (the ) Tj ET Q q 0 0 0 rg BT 280.56 374.20 Td (United ) Tj ET Q q 0 0 0 rg BT 309.40 374.20 Td (States ) Tj ET Q q 0 0 0 rg BT 337.74 374.20 Td (and ) Tj ET Q q 0 0 0 rg BT 355.59 374.20 Td (above ) Tj ET Q q 0 0 0 rg BT 382.93 374.20 Td (average ) Tj ET Q q 0 0 0 rg BT 418.28 374.20 Td (in ) Tj ET Q q 0 0 0 rg BT 428.12 374.20 Td (Quebec ) Tj ET Q q 0 0 0 rg BT 462.46 374.20 Td (and ) Tj ET Q q 0 0 0 rg BT 480.31 374.20 Td (Ontario ) Tj ET Q q 0 0 0 rg BT 512.65 374.20 Td (during ) Tj ET Q q 0 0 0 rg BT 540.49 374.20 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 363.40 Td (first ) Tj ET Q q 0 0 0 rg BT 75.51 363.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 106.04 363.40 Td (and ) Tj ET Q q 0 0 0 rg BT 123.07 363.40 Td (above ) Tj ET Q q 0 0 0 rg BT 149.60 363.40 Td (average ) Tj ET Q q 0 0 0 rg BT 184.14 363.40 Td (in ) Tj ET Q q 0 0 0 rg BT 193.15 363.40 Td (all ) Tj ET Q q 0 0 0 rg BT 204.17 363.40 Td (geographic ) Tj ET Q q 0 0 0 rg BT 250.72 363.40 Td (markets, ) Tj ET Q q 0 0 0 rg BT 287.23 363.40 Td (especially ) Tj ET Q q 0 0 0 rg BT 328.77 363.40 Td (Ontario ) Tj ET Q q 0 0 0 rg BT 360.29 363.40 Td (and ) Tj ET Q q 0 0 0 rg BT 377.32 363.40 Td (the ) Tj ET Q q 0 0 0 rg BT 391.84 363.40 Td (United ) Tj ET Q q 0 0 0 rg BT 419.87 363.40 Td (States, ) Tj ET Q q 0 0 0 rg BT 449.90 363.40 Td (during ) Tj ET Q q 0 0 0 rg BT 476.93 363.40 Td (the ) Tj ET Q q 0 0 0 rg BT 491.45 363.40 Td (second ) Tj ET Q q 0 0 0 rg BT 522.49 363.40 Td (quarter) Tj ET Q q 0 0 0 rg BT 550.51 363.40 Td (. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 352.60 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.01 352.60 Td (increase) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 111.03 352.60 Td ( ) Tj ET Q q 0 0 0 rg BT 113.53 352.60 Td (in ) Tj ET Q q 0 0 0 rg BT 123.03 352.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 163.06 352.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 202.59 352.60 Td (stems ) Tj ET Q q 0 0 0 rg BT 229.09 352.60 Td (mainly ) Tj ET Q q 0 0 0 rg BT 257.60 352.60 Td (from ) Tj ET Q q 0 0 0 rg BT 278.10 352.60 Td (the ) Tj ET Q q 0 0 0 rg BT 293.11 352.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 338.14 352.60 Td (of ) Tj ET Q q 0 0 0 rg BT 348.14 352.60 Td (the ) Tj ET Q q 0 0 0 rg BT 363.15 352.60 Td (Brown ) Tj ET Q q 0 0 0 rg BT 391.17 352.60 Td (Lake ) Tj ET Q q 0 0 0 rg BT 413.18 352.60 Td (and ) Tj ET Q q 0 0 0 rg BT 430.70 352.60 Td (Miller ) Tj ET Q q 0 0 0 rg BT 454.70 352.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 481.20 352.60 Td (facilities.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 331.00 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.80 331.00 Td (decrease) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 113.82 331.00 Td ( ) Tj ET Q q 0 0 0 rg BT 116.11 331.00 Td (in ) Tj ET Q q 0 0 0 rg BT 125.40 331.00 Td (total ) Tj ET Q q 0 0 0 rg BT 144.70 331.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 173.00 331.00 Td (since ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 196.30 331.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 255.11 331.00 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 275.13 331.00 Td (, ) Tj ET Q q 0 0 0 rg BT 279.92 331.00 Td (is ) Tj ET Q q 0 0 0 rg BT 288.71 331.00 Td (attributable ) Tj ET Q q 0 0 0 rg BT 335.53 331.00 Td (mainly ) Tj ET Q q 0 0 0 rg BT 363.82 331.00 Td (to ) Tj ET Q q 0 0 0 rg BT 373.62 331.00 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 424.94 331.00 Td (of ) Tj ET Q q 0 0 0 rg BT 434.73 331.00 Td (property) Tj ET Q q 0 0 0 rg BT 467.08 331.00 Td (, ) Tj ET Q q 0 0 0 rg BT 471.87 331.00 Td (plant ) Tj ET Q q 0 0 0 rg BT 493.67 331.00 Td (and ) Tj ET Q q 0 0 0 rg BT 510.98 331.00 Td (equipment ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 320.20 Td (as ) Tj ET Q q 0 0 0 rg BT 71.01 320.20 Td (well ) Tj ET Q q 0 0 0 rg BT 89.01 320.20 Td (as ) Tj ET Q q 0 0 0 rg BT 101.02 320.20 Td (amortization ) Tj ET Q q 0 0 0 rg BT 152.54 320.20 Td (of ) Tj ET Q q 0 0 0 rg BT 162.54 320.20 Td (intangible ) Tj ET Q q 0 0 0 rg BT 203.58 320.20 Td (assets.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 298.60 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.01 298.60 Td (decrease) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 114.03 298.60 Td ( ) Tj ET Q q 0 0 0 rg BT 116.53 298.60 Td (in ) Tj ET Q q 0 0 0 rg BT 126.04 298.60 Td (total ) Tj ET Q q 0 0 0 rg BT 145.55 298.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 182.06 298.60 Td (since ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 205.58 298.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 264.60 298.60 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.62 298.60 Td (, ) Tj ET Q q 0 0 0 rg BT 289.63 298.60 Td (is ) Tj ET Q q 0 0 0 rg BT 298.63 298.60 Td (attributable ) Tj ET Q q 0 0 0 rg BT 345.66 298.60 Td (mainly ) Tj ET Q q 0 0 0 rg BT 374.16 298.60 Td (to ) Tj ET Q q 0 0 0 rg BT 384.17 298.60 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 427.70 298.60 Td (repayment ) Tj ET Q q 0 0 0 rg BT 472.72 298.60 Td (of ) Tj ET Q q 0 0 0 rg BT 482.73 298.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 523.24 298.60 Td (debt.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 277.00 Td (W) Tj ET Q q 0 0 0 rg BT 67.42 277.00 Td (ind ) Tj ET Q q 0 0 0 rg BT 83.41 277.00 Td (Power ) Tj ET Q q 0 0 0 rg BT 112.92 277.00 Td (Generation ) Tj ET Q q 0 0 0 rg BT 162.93 277.00 Td (Segment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 255.40 Td (For ) Tj ET Q q 0 0 0 rg BT 75.42 255.40 Td (the ) Tj ET Q q 0 0 0 rg BT 90.85 255.40 Td (three-month ) Tj ET Q q 0 0 0 rg BT 142.29 255.40 Td (period ) Tj ET Q q 0 0 0 rg BT 170.23 255.40 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 198.18 255.40 Td (June30, ) Tj ET Q q 0 0 0 rg BT 235.63 255.40 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 255.65 255.40 Td (, ) Tj ET Q q 0 0 0 rg BT 261.07 255.40 Td (the ) Tj ET Q q 0 0 0 rg BT 276.50 255.40 Td (wind ) Tj ET Q q 0 0 0 rg BT 297.93 255.40 Td (power ) Tj ET Q q 0 0 0 rg BT 325.36 255.40 Td (generation ) Tj ET Q q 0 0 0 rg BT 370.81 255.40 Td (segment ) Tj ET Q q 0 0 0 rg BT 408.25 255.40 Td (produced ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.70 255.40 Td (2%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.71 255.40 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.63 255.40 Td (less) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.63 255.40 Td ( ) Tj ET Q q 0 0 0 rg BT 483.55 255.40 Td (than ) Tj ET Q q 0 0 0 rg BT 503.99 255.40 Td (the ) Tj ET Q q 0 0 0 rg BT 519.42 255.40 Td (L) Tj ET Q q 0 0 0 rg BT 523.76 255.40 Td (T) Tj ET Q q 0 0 0 rg BT 528.58 255.40 Td (A) Tj ET Q q 0 0 0 rg BT 534.09 255.40 Td ( ) Tj ET Q q 0 0 0 rg BT 537.01 255.40 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.01 255.40 Td (4%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.02 255.40 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 244.60 Td (less) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 244.60 Td ( ) Tj ET Q q 0 0 0 rg BT 77.51 244.60 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.01 244.60 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 107.03 244.60 Td (\) ) Tj ET Q q 0 0 0 rg BT 112.53 244.60 Td (and ) Tj ET Q q 0 0 0 rg BT 130.05 244.60 Td (generated ) Tj ET Q q 0 0 0 rg BT 173.08 244.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 213.11 244.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 252.64 244.60 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 262.64 244.60 Td ($1) Tj ET Q q 0 0 0 rg BT 271.99 244.60 Td (1.1million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.50 244.60 Td ( ) Tj ET Q q 0 0 0 rg BT 315.00 244.60 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.00 244.60 Td ($9.0 ) Tj ET Q q 0 0 0 rg BT 338.02 244.60 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 363.52 244.60 Td ( ) Tj ET Q q 0 0 0 rg BT 366.02 244.60 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.53 244.60 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.55 244.60 Td (\). ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 223.00 Td (For ) Tj ET Q q 0 0 0 rg BT 74.39 223.00 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 88.78 223.00 Td (six-month ) Tj ET Q q 0 0 0 rg BT 129.68 223.00 Td (period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 154.70 223.00 Td ( ) Tj ET Q q 0 0 0 rg BT 156.58 223.00 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 183.49 223.00 Td (June30, ) Tj ET Q q 0 0 0 rg BT 219.91 223.00 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 239.93 223.00 Td (, ) Tj ET Q q 0 0 0 rg BT 244.31 223.00 Td (this ) Tj ET Q q 0 0 0 rg BT 260.20 223.00 Td (segment ) Tj ET Q q 0 0 0 rg BT 296.61 223.00 Td (produced ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 336.02 223.00 Td (4%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.03 223.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.92 223.00 Td (less) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.92 223.00 Td ( ) Tj ET Q q 0 0 0 rg BT 368.81 223.00 Td (than ) Tj ET Q q 0 0 0 rg BT 388.21 223.00 Td (the ) Tj ET Q q 0 0 0 rg BT 402.60 223.00 Td (L) Tj ET Q q 0 0 0 rg BT 406.94 223.00 Td (T) Tj ET Q q 0 0 0 rg BT 411.77 223.00 Td (A) Tj ET Q q 0 0 0 rg BT 417.28 223.00 Td ( ) Tj ET Q q 0 0 0 rg BT 419.16 223.00 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.16 223.00 Td (1) Tj ET Q q 0 0 0 rg BT 426.50 223.00 Td (1%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.50 223.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.39 223.00 Td (less) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.40 223.00 Td ( ) Tj ET Q q 0 0 0 rg BT 459.28 223.00 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 468.17 223.00 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.19 223.00 Td (\), ) Tj ET Q q 0 0 0 rg BT 495.57 223.00 Td (and ) Tj ET Q q 0 0 0 rg BT 512.48 223.00 Td (generated ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 212.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 98.52 212.20 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 108.53 212.20 Td ($27.3 ) Tj ET Q q 0 0 0 rg BT 133.55 212.20 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 159.06 212.20 Td ( ) Tj ET Q q 0 0 0 rg BT 161.56 212.20 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 164.56 212.20 Td ($21.1 ) Tj ET Q q 0 0 0 rg BT 189.58 212.20 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 215.08 212.20 Td ( ) Tj ET Q q 0 0 0 rg BT 217.59 212.20 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 227.09 212.20 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 247.11 212.20 Td (\).) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 190.60 Td (For ) Tj ET Q q 0 0 0 rg BT 75.68 190.60 Td (both ) Tj ET Q q 0 0 0 rg BT 96.38 190.60 Td (the ) Tj ET Q q 0 0 0 rg BT 112.07 190.60 Td (three-month ) Tj ET Q q 0 0 0 rg BT 163.77 190.60 Td (and ) Tj ET Q q 0 0 0 rg BT 181.96 190.60 Td (the ) Tj ET Q q 0 0 0 rg BT 197.65 190.60 Td (six-month ) Tj ET Q q 0 0 0 rg BT 239.84 190.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 272.54 190.60 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.75 190.60 Td (June30, ) Tj ET Q q 0 0 0 rg BT 338.45 190.60 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 358.48 190.60 Td (, ) Tj ET Q q 0 0 0 rg BT 364.16 190.60 Td (the ) Tj ET Q q 0 0 0 rg BT 379.85 190.60 Td (production ) Tj ET Q q 0 0 0 rg BT 425.05 190.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 451.24 190.60 Td (are ) Tj ET Q q 0 0 0 rg BT 467.43 190.60 Td (due ) Tj ET Q q 0 0 0 rg BT 485.63 190.60 Td (mainly ) Tj ET Q q 0 0 0 rg BT 514.81 190.60 Td (to ) Tj ET Q q 0 0 0 rg BT 525.50 190.60 Td (slightly ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 179.80 Td (lower-than-anticipated ) Tj ET Q q 0 0 0 rg BT 149.53 179.80 Td (wind ) Tj ET Q q 0 0 0 rg BT 170.03 179.80 Td (conditions ) Tj ET Q q 0 0 0 rg BT 212.53 179.80 Td (at ) Tj ET Q q 0 0 0 rg BT 222.02 179.80 Td (all ) Tj ET Q q 0 0 0 rg BT 233.01 179.80 Td (wind ) Tj ET Q q 0 0 0 rg BT 253.50 179.80 Td (farms ) Tj ET Q q 0 0 0 rg BT 277.99 179.80 Td (during ) Tj ET Q q 0 0 0 rg BT 304.99 179.80 Td (these ) Tj ET Q q 0 0 0 rg BT 328.99 179.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 360.49 179.80 Td (except ) Tj ET Q q 0 0 0 rg BT 388.99 179.80 Td (at ) Tj ET Q q 0 0 0 rg BT 398.48 179.80 Td (Gros-Morne, ) Tj ET Q q 0 0 0 rg BT 450.97 179.80 Td (which ) Tj ET Q q 0 0 0 rg BT 475.96 179.80 Td (had ) Tj ET Q q 0 0 0 rg BT 492.96 179.80 Td (above-average ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 169.00 Td (production ) Tj ET Q q 0 0 0 rg BT 103.28 169.00 Td (in ) Tj ET Q q 0 0 0 rg BT 112.53 169.00 Td (the ) Tj ET Q q 0 0 0 rg BT 127.29 169.00 Td (second ) Tj ET Q q 0 0 0 rg BT 158.56 169.00 Td (quarter) Tj ET Q q 0 0 0 rg BT 186.58 169.00 Td (, ) Tj ET Q q 0 0 0 rg BT 191.33 169.00 Td (and ) Tj ET Q q 0 0 0 rg BT 208.60 169.00 Td (Carleton, ) Tj ET Q q 0 0 0 rg BT 247.36 169.00 Td (which ) Tj ET Q q 0 0 0 rg BT 272.62 169.00 Td (had ) Tj ET Q q 0 0 0 rg BT 289.89 169.00 Td (above-average ) Tj ET Q q 0 0 0 rg BT 352.18 169.00 Td (production ) Tj ET Q q 0 0 0 rg BT 396.46 169.00 Td (for ) Tj ET Q q 0 0 0 rg BT 409.21 169.00 Td (the ) Tj ET Q q 0 0 0 rg BT 423.97 169.00 Td (six-month ) Tj ET Q q 0 0 0 rg BT 465.23 169.00 Td (period. ) Tj ET Q q 0 0 0 rg BT 495.00 169.00 Td (During ) Tj ET Q q 0 0 0 rg BT 523.76 169.00 Td (the ) Tj ET Q q 0 0 0 rg BT 538.52 169.00 Td (first ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 158.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 90.29 158.20 Td (of ) Tj ET Q q 0 0 0 rg BT 100.56 158.20 Td (2012, ) Tj ET Q q 0 0 0 rg BT 125.86 158.20 Td (production ) Tj ET Q q 0 0 0 rg BT 170.66 158.20 Td (was ) Tj ET Q q 0 0 0 rg BT 189.43 158.20 Td (also ) Tj ET Q q 0 0 0 rg BT 208.71 158.20 Td (af) Tj ET Q q 0 0 0 rg BT 216.05 158.20 Td (fected ) Tj ET Q q 0 0 0 rg BT 243.34 158.20 Td (by ) Tj ET Q q 0 0 0 rg BT 255.62 158.20 Td (a ) Tj ET Q q 0 0 0 rg BT 263.39 158.20 Td (halt ) Tj ET Q q 0 0 0 rg BT 280.68 158.20 Td (in ) Tj ET Q q 0 0 0 rg BT 290.45 158.20 Td (production ) Tj ET Q q 0 0 0 rg BT 335.25 158.20 Td (at ) Tj ET Q q 0 0 0 rg BT 345.53 158.20 Td (the ) Tj ET Q q 0 0 0 rg BT 360.81 158.20 Td (Gros-Morne ) Tj ET Q q 0 0 0 rg BT 411.59 158.20 Td (wind ) Tj ET Q q 0 0 0 rg BT 432.87 158.20 Td (farm ) Tj ET Q q 0 0 0 rg BT 453.64 158.20 Td (following ) Tj ET Q q 0 0 0 rg BT 491.43 158.20 Td (a ) Tj ET Q q 0 0 0 rg BT 499.21 158.20 Td (load ) Tj ET Q q 0 0 0 rg BT 518.99 158.20 Td (rejection ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 147.40 Td (event. ) Tj ET Q q 0 0 0 rg BT 85.38 147.40 Td (The ) Tj ET Q q 0 0 0 rg BT 102.88 147.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 129.89 147.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 169.41 147.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 208.42 147.40 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 217.42 147.40 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 237.44 147.40 Td ( ) Tj ET Q q 0 0 0 rg BT 239.43 147.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 281.44 147.40 Td (with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 299.44 147.40 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.46 147.40 Td ( ) Tj ET Q q 0 0 0 rg BT 321.45 147.40 Td (are ) Tj ET Q q 0 0 0 rg BT 336.45 147.40 Td (due ) Tj ET Q q 0 0 0 rg BT 353.46 147.40 Td (mainly ) Tj ET Q q 0 0 0 rg BT 381.46 147.40 Td (to ) Tj ET Q q 0 0 0 rg BT 390.95 147.40 Td (the ) Tj ET Q q 0 0 0 rg BT 405.46 147.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 445.98 147.40 Td (capacity ) Tj ET Q q 0 0 0 rg BT 480.99 147.40 Td (at ) Tj ET Q q 0 0 0 rg BT 490.48 147.40 Td (the ) Tj ET Q q 0 0 0 rg BT 504.99 147.40 Td (Gros-Morne ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 136.60 Td (wind ) Tj ET Q q 0 0 0 rg BT 80.01 136.60 Td (farm.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 115.00 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.65 115.00 Td (decrease) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 113.67 115.00 Td ( ) Tj ET Q q 0 0 0 rg BT 115.81 115.00 Td (in ) Tj ET Q q 0 0 0 rg BT 124.96 115.00 Td (total ) Tj ET Q q 0 0 0 rg BT 144.11 115.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 172.26 115.00 Td (since ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 195.41 115.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 254.08 115.00 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 274.10 115.00 Td (, ) Tj ET Q q 0 0 0 rg BT 278.74 115.00 Td (is ) Tj ET Q q 0 0 0 rg BT 287.38 115.00 Td (attributable ) Tj ET Q q 0 0 0 rg BT 334.05 115.00 Td (mainly ) Tj ET Q q 0 0 0 rg BT 362.20 115.00 Td (to ) Tj ET Q q 0 0 0 rg BT 371.84 115.00 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 423.02 115.00 Td (of ) Tj ET Q q 0 0 0 rg BT 432.66 115.00 Td (property) Tj ET Q q 0 0 0 rg BT 465.01 115.00 Td (, ) Tj ET Q q 0 0 0 rg BT 469.65 115.00 Td (plant ) Tj ET Q q 0 0 0 rg BT 491.31 115.00 Td (and ) Tj ET Q q 0 0 0 rg BT 508.46 115.00 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 555.49 115.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 104.20 Td (amortization ) Tj ET Q q 0 0 0 rg BT 110.22 104.20 Td (of ) Tj ET Q q 0 0 0 rg BT 119.93 104.20 Td (intangible ) Tj ET Q q 0 0 0 rg BT 160.67 104.20 Td (assets, ) Tj ET Q q 0 0 0 rg BT 191.38 104.20 Td (and ) Tj ET Q q 0 0 0 rg BT 208.60 104.20 Td (collection ) Tj ET Q q 0 0 0 rg BT 248.32 104.20 Td (of ) Tj ET Q q 0 0 0 rg BT 258.03 104.20 Td (accounts ) Tj ET Q q 0 0 0 rg BT 296.26 104.20 Td (receivable ) Tj ET Q q 0 0 0 rg BT 339.48 104.20 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 381.21 104.20 Td (to ) Tj ET Q q 0 0 0 rg BT 390.92 104.20 Td (commodity ) Tj ET Q q 0 0 0 rg BT 436.63 104.20 Td (taxes ) Tj ET Q q 0 0 0 rg BT 460.35 104.20 Td (and ) Tj ET Q q 0 0 0 rg BT 477.57 104.20 Td (payment ) Tj ET Q q 0 0 0 rg BT 514.29 104.20 Td (by ) Tj ET Q q 0 0 0 rg BT 526.00 104.20 Td (Hydro-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 93.45 Td (Qubec ) Tj ET Q q 0 0 0 rg BT 93.02 93.45 Td (for ) Tj ET Q q 0 0 0 rg BT 106.03 93.45 Td (the ) Tj ET Q q 0 0 0 rg BT 121.04 93.45 Td (Gros-Morne ) Tj ET Q q 0 0 0 rg BT 171.55 93.45 Td (substation.) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 27) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 695.45 Td (The ) Tj ET Q q 0 0 0 rg BT 76.71 695.45 Td (slight ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 99.92 695.45 Td (increase) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 133.94 695.45 Td ( ) Tj ET Q q 0 0 0 rg BT 136.14 695.45 Td (in ) Tj ET Q q 0 0 0 rg BT 145.35 695.45 Td (total ) Tj ET Q q 0 0 0 rg BT 164.56 695.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 200.77 695.45 Td (since ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 223.98 695.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 282.71 695.45 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.73 695.45 Td (, ) Tj ET Q q 0 0 0 rg BT 307.44 695.45 Td (is ) Tj ET Q q 0 0 0 rg BT 316.14 695.45 Td (attributable ) Tj ET Q q 0 0 0 rg BT 362.87 695.45 Td (mainly ) Tj ET Q q 0 0 0 rg BT 391.08 695.45 Td (to ) Tj ET Q q 0 0 0 rg BT 400.78 695.45 Td (additional ) Tj ET Q q 0 0 0 rg BT 441.52 695.45 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 480.74 695.45 Td (of ) Tj ET Q q 0 0 0 rg BT 490.45 695.45 Td ($1) Tj ET Q q 0 0 0 rg BT 499.79 695.45 Td (1million ) Tj ET Q q 0 0 0 rg BT 535.00 695.45 Td (from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 684.65 Td (the ) Tj ET Q q 0 0 0 rg BT 73.64 684.65 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 119.81 684.65 Td (of ) Tj ET Q q 0 0 0 rg BT 129.44 684.65 Td (the ) Tj ET Q q 0 0 0 rg BT 144.09 684.65 Td (Carleton ) Tj ET Q q 0 0 0 rg BT 180.24 684.65 Td (loan, ) Tj ET Q q 0 0 0 rg BT 201.89 684.65 Td (which ) Tj ET Q q 0 0 0 rg BT 227.03 684.65 Td (was ) Tj ET Q q 0 0 0 rg BT 245.17 684.65 Td (of) Tj ET Q q 0 0 0 rg BT 252.51 684.65 Td (fset ) Tj ET Q q 0 0 0 rg BT 269.15 684.65 Td (by ) Tj ET Q q 0 0 0 rg BT 280.79 684.65 Td (payments ) Tj ET Q q 0 0 0 rg BT 321.94 684.65 Td (of ) Tj ET Q q 0 0 0 rg BT 331.58 684.65 Td (accounts ) Tj ET Q q 0 0 0 rg BT 369.73 684.65 Td (payable ) Tj ET Q q 0 0 0 rg BT 403.39 684.65 Td (related ) Tj ET Q q 0 0 0 rg BT 433.04 684.65 Td (to ) Tj ET Q q 0 0 0 rg BT 442.68 684.65 Td (Gros-Morne ) Tj ET Q q 0 0 0 rg BT 492.83 684.65 Td (and ) Tj ET Q q 0 0 0 rg BT 509.98 684.65 Td (Montagne-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 673.85 Td (Sche ) Tj ET Q q 0 0 0 rg BT 87.02 673.85 Td (and ) Tj ET Q q 0 0 0 rg BT 104.54 673.85 Td (to ) Tj ET Q q 0 0 0 rg BT 114.54 673.85 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 158.07 673.85 Td (repayment ) Tj ET Q q 0 0 0 rg BT 203.10 673.85 Td (of ) Tj ET Q q 0 0 0 rg BT 213.10 673.85 Td (long-term ) Tj ET Q q 0 0 0 rg BT 253.62 673.85 Td (debt.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 652.25 Td (Solar ) Tj ET Q q 0 0 0 rg BT 84.01 652.25 Td (Power ) Tj ET Q q 0 0 0 rg BT 113.52 652.25 Td (Generation ) Tj ET Q q 0 0 0 rg BT 163.53 652.25 Td (Segment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 630.65 Td (This ) Tj ET Q q 0 0 0 rg BT 78.85 630.65 Td (segment ) Tj ET Q q 0 0 0 rg BT 116.21 630.65 Td (was ) Tj ET Q q 0 0 0 rg BT 135.06 630.65 Td (added ) Tj ET Q q 0 0 0 rg BT 162.94 630.65 Td (after ) Tj ET Q q 0 0 0 rg BT 183.79 630.65 Td (the ) Tj ET Q q 0 0 0 rg BT 199.15 630.65 Td (start ) Tj ET Q q 0 0 0 rg BT 219.50 630.65 Td (of ) Tj ET Q q 0 0 0 rg BT 229.85 630.65 Td (commercial ) Tj ET Q q 0 0 0 rg BT 278.70 630.65 Td (operation ) Tj ET Q q 0 0 0 rg BT 319.08 630.65 Td (of ) Tj ET Q q 0 0 0 rg BT 329.43 630.65 Td (the ) Tj ET Q q 0 0 0 rg BT 344.79 630.65 Td (Stardale ) Tj ET Q q 0 0 0 rg BT 381.16 630.65 Td (solar ) Tj ET Q q 0 0 0 rg BT 403.51 630.65 Td (farm ) Tj ET Q q 0 0 0 rg BT 424.36 630.65 Td (on ) Tj ET Q q 0 0 0 rg BT 437.21 630.65 Td (May ) Tj ET Q q 0 0 0 rg BT 457.06 630.65 Td (15, ) Tj ET Q q 0 0 0 rg BT 472.42 630.65 Td (2012. ) Tj ET Q q 0 0 0 rg BT 497.79 630.65 Td (For ) Tj ET Q q 0 0 0 rg BT 514.13 630.65 Td (the ) Tj ET Q q 0 0 0 rg BT 529.49 630.65 Td (three-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 619.85 Td (month ) Tj ET Q q 0 0 0 rg BT 86.44 619.85 Td (period ) Tj ET Q q 0 0 0 rg BT 113.88 619.85 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 141.33 619.85 Td (June30, ) Tj ET Q q 0 0 0 rg BT 178.28 619.85 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 198.30 619.85 Td (, ) Tj ET Q q 0 0 0 rg BT 203.23 619.85 Td (the ) Tj ET Q q 0 0 0 rg BT 218.16 619.85 Td (solar ) Tj ET Q q 0 0 0 rg BT 240.09 619.85 Td (power ) Tj ET Q q 0 0 0 rg BT 267.03 619.85 Td (generation ) Tj ET Q q 0 0 0 rg BT 311.98 619.85 Td (segment ) Tj ET Q q 0 0 0 rg BT 348.93 619.85 Td (produced ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 388.88 619.85 Td (3%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.89 619.85 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.31 619.85 Td (more) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.82 619.85 Td ( ) Tj ET Q q 0 0 0 rg BT 427.24 619.85 Td (than ) Tj ET Q q 0 0 0 rg BT 447.18 619.85 Td (the ) Tj ET Q q 0 0 0 rg BT 462.11 619.85 Td (L) Tj ET Q q 0 0 0 rg BT 466.45 619.85 Td (T) Tj ET Q q 0 0 0 rg BT 471.28 619.85 Td (A) Tj ET Q q 0 0 0 rg BT 476.79 619.85 Td ( ) Tj ET Q q 0 0 0 rg BT 479.21 619.85 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.21 619.85 Td (8%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 495.21 619.85 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.64 619.85 Td (more) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.14 619.85 Td ( ) Tj ET Q q 0 0 0 rg BT 520.57 619.85 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.99 619.85 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.02 619.85 Td (\) ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 609.05 Td (and ) Tj ET Q q 0 0 0 rg BT 76.80 609.05 Td (generated ) Tj ET Q q 0 0 0 rg BT 120.13 609.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 160.45 609.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 200.26 609.05 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 210.55 609.05 Td ($5.5 ) Tj ET Q q 0 0 0 rg BT 230.86 609.05 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.36 609.05 Td ( ) Tj ET Q q 0 0 0 rg BT 259.15 609.05 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 262.15 609.05 Td ($3.4 ) Tj ET Q q 0 0 0 rg BT 282.46 609.05 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.96 609.05 Td ( ) Tj ET Q q 0 0 0 rg BT 310.75 609.05 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.54 609.05 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.56 609.05 Td (\). ) Tj ET Q q 0 0 0 rg BT 348.85 609.05 Td (For ) Tj ET Q q 0 0 0 rg BT 365.14 609.05 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.44 609.05 Td (six-month ) Tj ET Q q 0 0 0 rg BT 422.24 609.05 Td (period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.26 609.05 Td ( ) Tj ET Q q 0 0 0 rg BT 450.04 609.05 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.86 609.05 Td (June30, ) Tj ET Q q 0 0 0 rg BT 515.18 609.05 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.20 609.05 Td (, ) Tj ET Q q 0 0 0 rg BT 540.49 609.05 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 598.25 Td (solar ) Tj ET Q q 0 0 0 rg BT 81.20 598.25 Td (power ) Tj ET Q q 0 0 0 rg BT 108.40 598.25 Td (generation ) Tj ET Q q 0 0 0 rg BT 153.62 598.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 190.83 598.25 Td (produced ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 231.05 598.25 Td (1%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.05 598.25 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 246.74 598.25 Td (less) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 262.75 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 265.44 598.25 Td (than ) Tj ET Q q 0 0 0 rg BT 285.64 598.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 324.86 598.25 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.85 598.25 Td (8%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.86 598.25 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 343.55 598.25 Td (more) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 364.05 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 366.74 598.25 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 376.44 598.25 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.46 598.25 Td (\), ) Tj ET Q q 0 0 0 rg BT 404.64 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 422.35 598.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 465.57 598.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 505.79 598.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 545.50 598.25 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 587.45 Td ($8.4million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 104.52 587.45 Td ( ) Tj ET Q q 0 0 0 rg BT 107.55 587.45 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 110.54 587.45 Td ($3.4 ) Tj ET Q q 0 0 0 rg BT 131.08 587.45 Td (million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 156.59 587.45 Td ( ) Tj ET Q q 0 0 0 rg BT 159.61 587.45 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 169.64 587.45 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 189.66 587.45 Td (, ) Tj ET Q q 0 0 0 rg BT 195.18 587.45 Td (after ) Tj ET Q q 0 0 0 rg BT 216.22 587.45 Td (the ) Tj ET Q q 0 0 0 rg BT 231.75 587.45 Td (start ) Tj ET Q q 0 0 0 rg BT 252.28 587.45 Td (of ) Tj ET Q q 0 0 0 rg BT 262.81 587.45 Td (commercial ) Tj ET Q q 0 0 0 rg BT 311.83 587.45 Td (operation ) Tj ET Q q 0 0 0 rg BT 352.39 587.45 Td (on ) Tj ET Q q 0 0 0 rg BT 365.42 587.45 Td (May ) Tj ET Q q 0 0 0 rg BT 385.45 587.45 Td (15\). ) Tj ET Q q 0 0 0 rg BT 403.78 587.45 Td (The ) Tj ET Q q 0 0 0 rg BT 422.31 587.45 Td (production ) Tj ET Q q 0 0 0 rg BT 467.36 587.45 Td (level ) Tj ET Q q 0 0 0 rg BT 488.90 587.45 Td (is ) Tj ET Q q 0 0 0 rg BT 498.42 587.45 Td (due ) Tj ET Q q 0 0 0 rg BT 516.46 587.45 Td (mainly ) Tj ET Q q 0 0 0 rg BT 545.49 587.45 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 576.65 Td (better-than-average ) Tj ET Q q 0 0 0 rg BT 140.72 576.65 Td (production ) Tj ET Q q 0 0 0 rg BT 185.42 576.65 Td (during ) Tj ET Q q 0 0 0 rg BT 213.11 576.65 Td (the ) Tj ET Q q 0 0 0 rg BT 228.29 576.65 Td (second ) Tj ET Q q 0 0 0 rg BT 259.99 576.65 Td (quarter) Tj ET Q q 0 0 0 rg BT 288.01 576.65 Td (, ) Tj ET Q q 0 0 0 rg BT 293.18 576.65 Td (which ) Tj ET Q q 0 0 0 rg BT 318.86 576.65 Td (compensated ) Tj ET Q q 0 0 0 rg BT 375.56 576.65 Td (for ) Tj ET Q q 0 0 0 rg BT 388.74 576.65 Td (lower-than-average ) Tj ET Q q 0 0 0 rg BT 468.95 576.65 Td (production ) Tj ET Q q 0 0 0 rg BT 513.65 576.65 Td (in ) Tj ET Q q 0 0 0 rg BT 523.33 576.65 Td (the ) Tj ET Q q 0 0 0 rg BT 538.51 576.65 Td (first ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 565.85 Td (quarter ) Tj ET Q q 0 0 0 rg BT 90.02 565.85 Td (due ) Tj ET Q q 0 0 0 rg BT 107.53 565.85 Td (to ) Tj ET Q q 0 0 0 rg BT 117.54 565.85 Td (unusually ) Tj ET Q q 0 0 0 rg BT 158.07 565.85 Td (large ) Tj ET Q q 0 0 0 rg BT 180.58 565.85 Td (snowfalls ) Tj ET Q q 0 0 0 rg BT 220.09 565.85 Td (and ) Tj ET Q q 0 0 0 rg BT 237.61 565.85 Td (extreme ) Tj ET Q q 0 0 0 rg BT 272.62 565.85 Td (cold, ) Tj ET Q q 0 0 0 rg BT 294.13 565.85 Td (which ) Tj ET Q q 0 0 0 rg BT 319.64 565.85 Td (slowed ) Tj ET Q q 0 0 0 rg BT 350.16 565.85 Td (the ) Tj ET Q q 0 0 0 rg BT 365.17 565.85 Td (snow ) Tj ET Q q 0 0 0 rg BT 388.68 565.85 Td (removal ) Tj ET Q q 0 0 0 rg BT 423.19 565.85 Td (process.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 544.25 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.06 544.25 Td (decrease) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 114.09 544.25 Td ( ) Tj ET Q q 0 0 0 rg BT 116.64 544.25 Td (in ) Tj ET Q q 0 0 0 rg BT 126.20 544.25 Td (total ) Tj ET Q q 0 0 0 rg BT 145.77 544.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 174.33 544.25 Td (since ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 197.90 544.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 256.98 544.25 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 277.00 544.25 Td (, ) Tj ET Q q 0 0 0 rg BT 282.05 544.25 Td (results ) Tj ET Q q 0 0 0 rg BT 311.11 544.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 339.68 544.25 Td (from ) Tj ET Q q 0 0 0 rg BT 360.23 544.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 411.82 544.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.88 544.25 Td (property) Tj ET Q q 0 0 0 rg BT 454.23 544.25 Td (, ) Tj ET Q q 0 0 0 rg BT 459.28 544.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 481.35 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 498.92 544.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 543.50 544.25 Td (as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 533.45 Td (well ) Tj ET Q q 0 0 0 rg BT 77.00 533.45 Td (as ) Tj ET Q q 0 0 0 rg BT 89.01 533.45 Td (amortization ) Tj ET Q q 0 0 0 rg BT 140.53 533.45 Td (of ) Tj ET Q q 0 0 0 rg BT 150.54 533.45 Td (intangible ) Tj ET Q q 0 0 0 rg BT 191.57 533.45 Td (assets.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 511.85 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.01 511.85 Td (decrease) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 114.03 511.85 Td ( in total liabilities since ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 205.58 511.85 Td (December31, 2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.62 511.85 Td (, results mainly from scheduled repayment of long-term debt.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 490.25 Td (Site ) Tj ET Q q 0 0 0 rg BT 78.01 490.25 Td (Development ) Tj ET Q q 0 0 0 rg BT 137.02 490.25 Td (Segment ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 468.65 Td (For ) Tj ET Q q 0 0 0 rg BT 75.01 468.65 Td (the ) Tj ET Q q 0 0 0 rg BT 90.04 468.65 Td (three-month ) Tj ET Q q 0 0 0 rg BT 141.08 468.65 Td (period ) Tj ET Q q 0 0 0 rg BT 168.61 468.65 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 196.15 468.65 Td (June30, ) Tj ET Q q 0 0 0 rg BT 233.19 468.65 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 253.21 468.65 Td (, ) Tj ET Q q 0 0 0 rg BT 258.23 468.65 Td (site ) Tj ET Q q 0 0 0 rg BT 274.75 468.65 Td (development ) Tj ET Q q 0 0 0 rg BT 328.80 468.65 Td (expenses ) Tj ET Q q 0 0 0 rg BT 369.84 468.65 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.86 468.65 Td ($1.2million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.38 468.65 Td ( ) Tj ET Q q 0 0 0 rg BT 427.90 468.65 Td (remained ) Tj ET Q q 0 0 0 rg BT 467.93 468.65 Td (stable ) Tj ET Q q 0 0 0 rg BT 494.46 468.65 Td (compared ) Tj ET Q q 0 0 0 rg BT 537.00 468.65 Td (with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 457.85 Td (the ) Tj ET Q q 0 0 0 rg BT 73.36 457.85 Td (same ) Tj ET Q q 0 0 0 rg BT 97.21 457.85 Td (period ) Tj ET Q q 0 0 0 rg BT 124.07 457.85 Td (last ) Tj ET Q q 0 0 0 rg BT 139.92 457.85 Td (year) Tj ET Q q 0 0 0 rg BT 156.93 457.85 Td (. ) Tj ET Q q 0 0 0 rg BT 161.28 457.85 Td (For ) Tj ET Q q 0 0 0 rg BT 176.62 457.85 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 190.98 457.85 Td (six-month ) Tj ET Q q 0 0 0 rg BT 231.83 457.85 Td (period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.85 457.85 Td ( ) Tj ET Q q 0 0 0 rg BT 258.70 457.85 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 285.57 457.85 Td (June30, ) Tj ET Q q 0 0 0 rg BT 321.94 457.85 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.96 457.85 Td (, ) Tj ET Q q 0 0 0 rg BT 346.31 457.85 Td (the ) Tj ET Q q 0 0 0 rg BT 360.66 457.85 Td (decrease ) Tj ET Q q 0 0 0 rg BT 399.53 457.85 Td (in ) Tj ET Q q 0 0 0 rg BT 408.38 457.85 Td (general ) Tj ET Q q 0 0 0 rg BT 440.25 457.85 Td (and ) Tj ET Q q 0 0 0 rg BT 457.11 457.85 Td (administrative ) Tj ET Q q 0 0 0 rg BT 514.48 457.85 Td (expenses ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 447.05 Td (from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.08 447.05 Td ($3.2million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 124.60 447.05 Td ( ) Tj ET Q q 0 0 0 rg BT 126.67 447.05 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 136.26 447.05 Td ($2.5million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 181.78 447.05 Td ( ) Tj ET Q q 0 0 0 rg BT 183.85 447.05 Td (is ) Tj ET Q q 0 0 0 rg BT 192.43 447.05 Td (due ) Tj ET Q q 0 0 0 rg BT 209.52 447.05 Td (mainly ) Tj ET Q q 0 0 0 rg BT 237.60 447.05 Td (to ) Tj ET Q q 0 0 0 rg BT 247.19 447.05 Td (the ) Tj ET Q q 0 0 0 rg BT 261.77 447.05 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 317.09 447.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 356.70 447.05 Td (a ) Tj ET Q q 0 0 0 rg BT 363.78 447.05 Td (greater ) Tj ET Q q 0 0 0 rg BT 394.37 447.05 Td (number ) Tj ET Q q 0 0 0 rg BT 426.96 447.05 Td (of ) Tj ET Q q 0 0 0 rg BT 436.54 447.05 Td (facilities ) Tj ET Q q 0 0 0 rg BT 470.63 447.05 Td (in ) Tj ET Q q 0 0 0 rg BT 479.71 447.05 Td (2013 ) Tj ET Q q 0 0 0 rg BT 501.81 447.05 Td (than ) Tj ET Q q 0 0 0 rg BT 521.40 447.05 Td (in ) Tj ET Q q 0 0 0 rg BT 530.48 447.05 Td (2012, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 436.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 95.52 436.25 Td (in ) Tj ET Q q 0 0 0 rg BT 105.02 436.25 Td (a ) Tj ET Q q 0 0 0 rg BT 112.53 436.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 140.05 436.25 Td (proportion ) Tj ET Q q 0 0 0 rg BT 183.08 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 193.08 436.25 Td (these ) Tj ET Q q 0 0 0 rg BT 217.60 436.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 258.63 436.25 Td (in ) Tj ET Q q 0 0 0 rg BT 268.13 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 283.14 436.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 323.17 436.25 Td (segment. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 414.65 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.72 414.65 Td (increase) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 110.73 414.65 Td (s ) Tj ET Q q 0 0 0 rg BT 117.44 414.65 Td (in ) Tj ET Q q 0 0 0 rg BT 126.66 414.65 Td (total ) Tj ET Q q 0 0 0 rg BT 145.88 414.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 174.10 414.65 Td (and ) Tj ET Q q 0 0 0 rg BT 191.32 414.65 Td (total ) Tj ET Q q 0 0 0 rg BT 210.54 414.65 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 246.76 414.65 Td (since ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 269.98 414.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 328.72 414.65 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.74 414.65 Td (, ) Tj ET Q q 0 0 0 rg BT 353.45 414.65 Td (are ) Tj ET Q q 0 0 0 rg BT 368.66 414.65 Td (attributable ) Tj ET Q q 0 0 0 rg BT 415.40 414.65 Td (mainly ) Tj ET Q q 0 0 0 rg BT 443.62 414.65 Td (to ) Tj ET Q q 0 0 0 rg BT 453.33 414.65 Td (payments ) Tj ET Q q 0 0 0 rg BT 494.56 414.65 Td (made ) Tj ET Q q 0 0 0 rg BT 519.28 414.65 Td (for ) Tj ET Q q 0 0 0 rg BT 531.99 414.65 Td (costs ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 403.85 Td (incurred ) Tj ET Q q 0 0 0 rg BT 93.81 403.85 Td (for ) Tj ET Q q 0 0 0 rg BT 106.60 403.85 Td (the ) Tj ET Q q 0 0 0 rg BT 121.41 403.85 Td (construction ) Tj ET Q q 0 0 0 rg BT 172.23 403.85 Td (of ) Tj ET Q q 0 0 0 rg BT 182.02 403.85 Td (the ) Tj ET Q q 0 0 0 rg BT 196.83 403.85 Td (Kwoiek ) Tj ET Q q 0 0 0 rg BT 228.13 403.85 Td (Creek ) Tj ET Q q 0 0 0 rg BT 254.43 403.85 Td (and ) Tj ET Q q 0 0 0 rg BT 271.74 403.85 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 314.55 403.85 Td (Stave ) Tj ET Q q 0 0 0 rg BT 339.86 403.85 Td (River ) Tj ET Q q 0 0 0 rg BT 363.15 403.85 Td (projects ) Tj ET Q q 0 0 0 rg BT 396.96 403.85 Td (and ) Tj ET Q q 0 0 0 rg BT 414.27 403.85 Td (for ) Tj ET Q q 0 0 0 rg BT 427.06 403.85 Td (the ) Tj ET Q q 0 0 0 rg BT 441.87 403.85 Td (pre-construction ) Tj ET Q q 0 0 0 rg BT 508.69 403.85 Td (activities ) Tj ET Q q 0 0 0 rg BT 545.49 403.85 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 393.05 Td (the ) Tj ET Q q 0 0 0 rg BT 73.89 393.05 Td (Upper ) Tj ET Q q 0 0 0 rg BT 100.79 393.05 Td (Lillooet, ) Tj ET Q q 0 0 0 rg BT 134.19 393.05 Td (Boulder ) Tj ET Q q 0 0 0 rg BT 167.60 393.05 Td (Creek, ) Tj ET Q q 0 0 0 rg BT 196.34 393.05 Td (T) Tj ET Q q 0 0 0 rg BT 201.50 393.05 Td (retheway ) Tj ET Q q 0 0 0 rg BT 240.40 393.05 Td (Creek ) Tj ET Q q 0 0 0 rg BT 266.79 393.05 Td (and ) Tj ET Q q 0 0 0 rg BT 284.19 393.05 Td (Big ) Tj ET Q q 0 0 0 rg BT 299.58 393.05 Td (Silver ) Tj ET Q q 0 0 0 rg BT 324.47 393.05 Td (Creek ) Tj ET Q q 0 0 0 rg BT 350.86 393.05 Td (projects ) Tj ET Q q 0 0 0 rg BT 384.76 393.05 Td (in ) Tj ET Q q 0 0 0 rg BT 394.15 393.05 Td (the ) Tj ET Q q 0 0 0 rg BT 409.04 393.05 Td (permit ) Tj ET Q q 0 0 0 rg BT 436.43 393.05 Td (phase ) Tj ET Q q 0 0 0 rg BT 463.33 393.05 Td (as ) Tj ET Q q 0 0 0 rg BT 475.22 393.05 Td (well ) Tj ET Q q 0 0 0 rg BT 493.11 393.05 Td (as ) Tj ET Q q 0 0 0 rg BT 505.00 393.05 Td (investments ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 68.51 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 83.52 382.25 Td (V) Tj ET Q q 0 0 0 rg BT 89.36 382.25 Td (iger-Denonville ) Tj ET Q q 0 0 0 rg BT 151.89 382.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 170.90 382.25 Td (venture ) Tj ET Q q 0 0 0 rg BT 203.42 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 212.92 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.93 382.25 Td (form ) Tj ET Q q 0 0 0 rg BT 248.44 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.44 382.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 279.95 382.25 Td (advances ) Tj ET Q q 0 0 0 rg BT 320.98 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 338.50 382.25 Td (an ) Tj ET Q q 0 0 0 rg BT 351.01 382.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 377.52 382.25 Td (investment.) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 28) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 694.00 Td (QUARTERL) Tj ET Q q 0.2 0 0.6 rg BT 119.10 694.00 Td (Y) Tj ET Q q 0.2 0 0.6 rg BT 126.24 694.00 Td ( FINANCIAL) Tj ET Q q 0.2 0 0.6 rg BT 188.36 694.00 Td ( INFORMA) Tj ET Q q 0.2 0 0.6 rg BT 241.93 694.00 Td (TION) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.50 670.30 221.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 279.50 670.30 273.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 58.50 655.30 221.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 279.50 655.30 66.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 345.50 655.30 72.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 417.50 655.30 69.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 486.50 655.30 66.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 279.50 640.30 66.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 279.50 627.30 66.00 -13.00 re f /GS0 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0 J 0 j 3 M 279.5 510.3 m 345.5 510.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 510.3 m 417.5 510.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 510.3 m 486.5 510.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 510.3 m 552.5 510.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 510.3 m 345.5 510.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 510.3 m 417.5 510.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 457.3 m 279.5 457.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 455.3 m 279.5 455.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 457.3 m 345.5 457.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 455.3 m 345.5 455.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 457.3 m 417.5 457.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 455.3 m 417.5 455.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 457.3 m 486.5 457.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 455.3 m 486.5 455.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 457.3 m 552.5 457.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 455.3 m 552.5 455.3 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 345.95 659.70 Td (For the three-month periods ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 67.00 644.70 Td (\(in millions of dollars, unless otherwise stated\)) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 283.45 644.70 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 353.45 644.70 Td (Mar. 31, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 423.45 644.70 Td (Dec. 31, 2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 489.70 644.70 Td (Sept. 30, 2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.00 631.25 Td (Power generated \(MWh\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.45 631.25 Td (792,541) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.45 631.25 Td (386,171) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.45 631.25 Td (525,123) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.45 631.25 Td (559,384) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 618.25 Td (Operating revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.45 618.25 Td (63.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 390.45 618.25 Td (35.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.45 618.25 Td (47.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 618.25 Td (47.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 605.25 Td (Adjusted EBITDA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.45 605.25 Td (51.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 390.45 605.25 Td (25.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.45 605.25 Td (34.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 605.25 Td (36.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 592.25 Td (Unrealized net \(gain\) loss on derivative) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 579.25 Td (financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 315.45 579.25 Td (\(27.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 336.00 579.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.45 579.25 Td (\(3.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.00 579.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.45 579.25 Td (\(5.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.00 579.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.45 579.25 Td (\(9.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 579.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 566.25 Td (Net earnings \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.45 566.25 Td (31.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.45 566.25 Td (\(0.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.00 566.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.45 566.25 Td (\(0.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.00 566.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.45 566.25 Td (\(0.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 566.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 553.25 Td (Net earnings \(loss\) attributable to owners of) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 540.25 Td (the parent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.45 540.25 Td (28.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.45 540.25 Td (2.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.45 540.25 Td (1.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.45 540.25 Td (\(0.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 540.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 527.25 Td (Net earnings \(loss\) attributable to owners of) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 514.25 Td (the parent \($ per share basic and diluted\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.45 514.25 Td (0.28) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 390.45 514.25 Td (0.01) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.45 514.25 Td (0.01) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.45 514.25 Td (\(0.01) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 514.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 496.70 Td (Dividends declared on preferred shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.45 496.70 Td (1.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.45 496.70 Td (2.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.45 496.70 Td (1.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.45 496.70 Td (1.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 483.25 Td (Dividends declared on common shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.45 483.25 Td (13.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.45 483.25 Td (13.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.45 483.25 Td (13.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 483.25 Td (13.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 469.70 Td (Dividends declared on common shares ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.00 460.70 Td (\($ per share\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 313.45 460.70 Td (0.145) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.45 460.70 Td (0.145) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.45 460.70 Td (0.145) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 460.70 Td (0.145) Tj ET Q BT /F2 10.00 Tf ET 0.4 0.6 0.8 rg /GS0 gs 58.50 434.30 221.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 279.50 434.30 273.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 58.50 419.30 221.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 279.50 419.30 66.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 345.50 419.30 72.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 417.50 419.30 69.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 486.50 419.30 66.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 404.29999999999995 m 279.5 404.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 404.29999999999995 m 345.5 404.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 404.29999999999995 m 417.5 404.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 404.29999999999995 m 486.5 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486.5 274.29999999999995 m 552.5 274.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 221.29999999999995 m 279.5 221.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 219.29999999999995 m 279.5 219.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 221.29999999999995 m 345.5 221.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 219.29999999999995 m 345.5 219.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 221.29999999999995 m 417.5 221.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 219.29999999999995 m 417.5 219.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 221.29999999999995 m 486.5 221.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 219.29999999999995 m 486.5 219.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 221.29999999999995 m 552.5 221.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 219.29999999999995 m 552.5 219.29999999999995 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 345.95 423.70 Td (For the three-month periods ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 67.00 408.70 Td (\(in millions of dollars, unless otherwise stated\)) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 283.45 408.70 Td (June 30, 2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 353.45 408.70 Td (Mar. 31, 2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 423.80 408.70 Td (Dec. 31, 2011) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 490.05 408.70 Td (Sept. 30, 2011) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.00 395.25 Td (Power generated \(MWh\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.45 395.25 Td (694,661) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.45 395.25 Td (319,341) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.45 395.25 Td (398,383) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.45 395.25 Td (659,184) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 382.25 Td (Operating revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.45 382.25 Td (54.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 390.45 382.25 Td (28.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.45 382.25 Td (32.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 382.25 Td (49.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 369.25 Td (Adjusted EBITDA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.45 369.25 Td (44.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 390.45 369.25 Td (18.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.45 369.25 Td (21.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 369.25 Td (39.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 356.25 Td (Unrealized net loss \(gain\) on derivative) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 343.25 Td (financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.45 343.25 Td (27.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.45 343.25 Td (\(20.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.00 343.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.45 343.25 Td (19.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 343.25 Td (38.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 330.25 Td (Net \(loss\) earnings ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 315.45 330.25 Td (\(11.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 336.00 330.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.45 330.25 Td (7.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.45 330.25 Td (\(21.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.00 330.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.45 330.25 Td (\(21.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 330.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 317.25 Td (Net \(loss\) earnings attributable to owners of) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 304.25 Td (the parent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.45 304.25 Td (\(9.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 336.00 304.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.45 304.25 Td (8.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.45 304.25 Td (\(13.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.00 304.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.45 304.25 Td (\(26.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 304.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 291.25 Td (Net \(loss\) earnings attributable to owners of) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 278.25 Td (the parent \($ per share basic and diluted\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 315.45 278.25 Td (\(0.12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 336.00 278.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 390.45 278.25 Td (0.10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.45 278.25 Td (\(0.18) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.00 278.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.45 278.25 Td (\(0.34) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 278.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 260.70 Td (Dividends declared on preferred shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.45 260.70 Td (1.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.45 260.70 Td (1.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.45 260.70 Td (1.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.45 260.70 Td (1.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 247.25 Td (Dividends declared on common shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.45 247.25 Td (11.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 390.45 247.25 Td (11.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.45 247.25 Td (11.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 247.25 Td (11.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 233.70 Td (Dividends declared on common shares ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.00 224.70 Td (\($ per share\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 313.45 224.70 Td (0.145) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.45 224.70 Td (0.145) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.45 224.70 Td (0.145) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 224.70 Td (0.145) Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 199.20 Td (Comparing ) Tj ET Q q 0 0 0 rg BT 105.55 199.20 Td (the ) Tj ET Q q 0 0 0 rg BT 120.60 199.20 Td (results ) Tj ET Q q 0 0 0 rg BT 149.64 199.20 Td (for ) Tj ET Q q 0 0 0 rg BT 162.67 199.20 Td (the ) Tj ET Q q 0 0 0 rg BT 177.71 199.20 Td (most ) Tj ET Q q 0 0 0 rg BT 199.75 199.20 Td (recent ) Tj ET Q q 0 0 0 rg BT 227.30 199.20 Td (quarters ) Tj ET Q q 0 0 0 rg BT 262.84 199.20 Td (makes ) Tj ET Q q 0 0 0 rg BT 291.88 199.20 Td (apparent ) Tj ET Q q 0 0 0 rg BT 329.95 199.20 Td (the ) Tj ET Q q 0 0 0 rg BT 344.99 199.20 Td (seasonality ) Tj ET Q q 0 0 0 rg BT 392.55 199.20 Td (that ) Tj ET Q q 0 0 0 rg BT 410.09 199.20 Td (is ) Tj ET Q q 0 0 0 rg BT 419.12 199.20 Td (characteristic ) Tj ET Q q 0 0 0 rg BT 474.67 199.20 Td (of ) Tj ET Q q 0 0 0 rg BT 484.71 199.20 Td (the ) Tj ET Q q 0 0 0 rg BT 499.75 199.20 Td (Corporation's ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 188.40 Td (assets, ) Tj ET Q q 0 0 0 rg BT 88.88 188.40 Td (i.e. ) Tj ET Q q 0 0 0 rg BT 102.25 188.40 Td (that ) Tj ET Q q 0 0 0 rg BT 118.62 188.40 Td (the ) Tj ET Q q 0 0 0 rg BT 132.50 188.40 Td (power ) Tj ET Q q 0 0 0 rg BT 158.37 188.40 Td (generated, ) Tj ET Q q 0 0 0 rg BT 202.77 188.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 241.66 188.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 280.05 188.40 Td (and ) Tj ET Q q 0 0 0 rg BT 296.16 188.40 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 332.55 188.40 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 364.56 188.40 Td ( ) Tj ET Q q 0 0 0 rg BT 365.92 188.40 Td (vary ) Tj ET Q q 0 0 0 rg BT 384.29 188.40 Td (from ) Tj ET Q q 0 0 0 rg BT 403.65 188.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 433.53 188.40 Td (to ) Tj ET Q q 0 0 0 rg BT 442.40 188.40 Td (quarter) Tj ET Q q 0 0 0 rg BT 470.42 188.40 Td (. ) Tj ET Q q 0 0 0 rg BT 474.02 188.40 Td (As ) Tj ET Q q 0 0 0 rg BT 485.88 188.40 Td (the ) Tj ET Q q 0 0 0 rg BT 499.76 188.40 Td (Corporation's ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 177.60 Td (total ) Tj ET Q q 0 0 0 rg BT 78.93 177.60 Td (average ) Tj ET Q q 0 0 0 rg BT 114.38 177.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 155.31 177.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 208.77 177.60 Td (production ) Tj ET Q q 0 0 0 rg BT 253.72 177.60 Td (is ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 263.15 177.60 Td (71%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 281.16 177.60 Td ( ) Tj ET Q q 0 0 0 rg BT 284.08 177.60 Td (hydroelectric, ) Tj ET Q q 0 0 0 rg BT 340.52 177.60 Td (this ) Tj ET Q q 0 0 0 rg BT 357.45 177.60 Td (seasonality ) Tj ET Q q 0 0 0 rg BT 405.40 177.60 Td (can ) Tj ET Q q 0 0 0 rg BT 422.83 177.60 Td (be ) Tj ET Q q 0 0 0 rg BT 435.76 177.60 Td (explained ) Tj ET Q q 0 0 0 rg BT 477.22 177.60 Td (by ) Tj ET Q q 0 0 0 rg BT 489.64 177.60 Td (water ) Tj ET Q q 0 0 0 rg BT 514.57 177.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 538.00 177.60 Td (that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 166.80 Td (are ) Tj ET Q q 0 0 0 rg BT 74.64 166.80 Td (normally ) Tj ET Q q 0 0 0 rg BT 111.29 166.80 Td (at ) Tj ET Q q 0 0 0 rg BT 121.43 166.80 Td (their ) Tj ET Q q 0 0 0 rg BT 141.57 166.80 Td (highest ) Tj ET Q q 0 0 0 rg BT 173.23 166.80 Td (in ) Tj ET Q q 0 0 0 rg BT 182.87 166.80 Td (the ) Tj ET Q q 0 0 0 rg BT 198.01 166.80 Td (second ) Tj ET Q q 0 0 0 rg BT 229.67 166.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 260.82 166.80 Td (due ) Tj ET Q q 0 0 0 rg BT 278.47 166.80 Td (to ) Tj ET Q q 0 0 0 rg BT 288.61 166.80 Td (the ) Tj ET Q q 0 0 0 rg BT 303.76 166.80 Td (snow ) Tj ET Q q 0 0 0 rg BT 327.40 166.80 Td (melt ) Tj ET Q q 0 0 0 rg BT 347.04 166.80 Td (season ) Tj ET Q q 0 0 0 rg BT 378.69 166.80 Td (and ) Tj ET Q q 0 0 0 rg BT 396.35 166.80 Td (at ) Tj ET Q q 0 0 0 rg BT 406.49 166.80 Td (their ) Tj ET Q q 0 0 0 rg BT 426.63 166.80 Td (lowest ) Tj ET Q q 0 0 0 rg BT 454.77 166.80 Td (in ) Tj ET Q q 0 0 0 rg BT 464.41 166.80 Td (the ) Tj ET Q q 0 0 0 rg BT 479.56 166.80 Td (first ) Tj ET Q q 0 0 0 rg BT 496.69 166.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 527.84 166.80 Td (due ) Tj ET Q q 0 0 0 rg BT 545.49 166.80 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 156.00 Td (the ) Tj ET Q q 0 0 0 rg BT 74.61 156.00 Td (cold ) Tj ET Q q 0 0 0 rg BT 94.21 156.00 Td (temperatures, ) Tj ET Q q 0 0 0 rg BT 152.83 156.00 Td (which ) Tj ET Q q 0 0 0 rg BT 178.94 156.00 Td (limit ) Tj ET Q q 0 0 0 rg BT 198.03 156.00 Td (precipitation ) Tj ET Q q 0 0 0 rg BT 249.65 156.00 Td (in ) Tj ET Q q 0 0 0 rg BT 259.75 156.00 Td (the ) Tj ET Q q 0 0 0 rg BT 275.36 156.00 Td (form ) Tj ET Q q 0 0 0 rg BT 296.45 156.00 Td (of ) Tj ET Q q 0 0 0 rg BT 307.06 156.00 Td (rain. ) Tj ET Q q 0 0 0 rg BT 327.66 156.00 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 382.77 156.00 Td (solar ) Tj ET Q q 0 0 0 rg BT 405.37 156.00 Td (irradiation ) Tj ET Q q 0 0 0 rg BT 447.98 156.00 Td (is ) Tj ET Q q 0 0 0 rg BT 457.58 156.00 Td (at ) Tj ET Q q 0 0 0 rg BT 468.18 156.00 Td (its ) Tj ET Q q 0 0 0 rg BT 480.28 156.00 Td (highest ) Tj ET Q q 0 0 0 rg BT 512.39 156.00 Td (during ) Tj ET Q q 0 0 0 rg BT 540.51 156.00 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 145.20 Td (summer ) Tj ET Q q 0 0 0 rg BT 93.57 145.20 Td (months ) Tj ET Q q 0 0 0 rg BT 125.16 145.20 Td (and ) Tj ET Q q 0 0 0 rg BT 142.24 145.20 Td (at ) Tj ET Q q 0 0 0 rg BT 151.82 145.20 Td (its ) Tj ET Q q 0 0 0 rg BT 162.89 145.20 Td (lowest ) Tj ET Q q 0 0 0 rg BT 190.47 145.20 Td (during ) Tj ET Q q 0 0 0 rg BT 217.56 145.20 Td (the ) Tj ET Q q 0 0 0 rg BT 232.14 145.20 Td (winter ) Tj ET Q q 0 0 0 rg BT 258.22 145.20 Td (months. ) Tj ET Q q 0 0 0 rg BT 292.31 145.20 Td (However) Tj ET Q q 0 0 0 rg BT 327.32 145.20 Td (, ) Tj ET Q q 0 0 0 rg BT 331.89 145.20 Td (premiums ) Tj ET Q q 0 0 0 rg BT 373.47 145.20 Td (for ) Tj ET Q q 0 0 0 rg BT 386.04 145.20 Td (the ) Tj ET Q q 0 0 0 rg BT 400.63 145.20 Td (electricity ) Tj ET Q q 0 0 0 rg BT 440.21 145.20 Td (generated ) Tj ET Q q 0 0 0 rg BT 482.81 145.20 Td (during ) Tj ET Q q 0 0 0 rg BT 509.90 145.20 Td (the ) Tj ET Q q 0 0 0 rg BT 524.48 145.20 Td (coldest ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 134.40 Td (months ) Tj ET Q q 0 0 0 rg BT 90.31 134.40 Td (of ) Tj ET Q q 0 0 0 rg BT 99.60 134.40 Td (the ) Tj ET Q q 0 0 0 rg BT 113.91 134.40 Td (year ) Tj ET Q q 0 0 0 rg BT 133.21 134.40 Td (included ) Tj ET Q q 0 0 0 rg BT 168.53 134.40 Td (in ) Tj ET Q q 0 0 0 rg BT 177.32 134.40 Td (some ) Tj ET Q q 0 0 0 rg BT 201.12 134.40 Td (PP) Tj ET Q q 0 0 0 rg BT 212.46 134.40 Td (As ) Tj ET Q q 0 0 0 rg BT 224.76 134.40 Td (of ) Tj ET Q q 0 0 0 rg BT 234.06 134.40 Td (the ) Tj ET Q q 0 0 0 rg BT 248.36 134.40 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 303.40 134.40 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 356.21 134.40 Td (facilities ) Tj ET Q q 0 0 0 rg BT 390.01 134.40 Td (attenuate ) Tj ET Q q 0 0 0 rg BT 429.34 134.40 Td (this ) Tj ET Q q 0 0 0 rg BT 445.14 134.40 Td (seasonality) Tj ET Q q 0 0 0 rg BT 489.49 134.40 Td (. ) Tj ET Q q 0 0 0 rg BT 493.67 134.40 Td (The ) Tj ET Q q 0 0 0 rg BT 510.97 134.40 Td (production ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 123.60 Td (of ) Tj ET Q q 0 0 0 rg BT 69.17 123.60 Td (the ) Tj ET Q q 0 0 0 rg BT 84.35 123.60 Td (wind ) Tj ET Q q 0 0 0 rg BT 105.52 123.60 Td (farms ) Tj ET Q q 0 0 0 rg BT 130.68 123.60 Td (also ) Tj ET Q q 0 0 0 rg BT 149.86 123.60 Td (partially ) Tj ET Q q 0 0 0 rg BT 183.53 123.60 Td (compensates ) Tj ET Q q 0 0 0 rg BT 239.73 123.60 Td (for ) Tj ET Q q 0 0 0 rg BT 252.89 123.60 Td (this ) Tj ET Q q 0 0 0 rg BT 269.56 123.60 Td (seasonality ) Tj ET Q q 0 0 0 rg BT 317.25 123.60 Td (experienced ) Tj ET Q q 0 0 0 rg BT 368.95 123.60 Td (by ) Tj ET Q q 0 0 0 rg BT 381.12 123.60 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 434.81 123.60 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 471.98 123.60 Td (as ) Tj ET Q q 0 0 0 rg BT 484.15 123.60 Td (wind ) Tj ET Q q 0 0 0 rg BT 505.32 123.60 Td (regimes ) Tj ET Q q 0 0 0 rg BT 540.00 123.60 Td (are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 112.80 Td (generally ) Tj ET Q q 0 0 0 rg BT 98.02 112.80 Td (best ) Tj ET Q q 0 0 0 rg BT 117.54 112.80 Td (in ) Tj ET Q q 0 0 0 rg BT 127.04 112.80 Td (the ) Tj ET Q q 0 0 0 rg BT 142.05 112.80 Td (first ) Tj ET Q q 0 0 0 rg BT 159.05 112.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 190.07 112.80 Td (of ) Tj ET Q q 0 0 0 rg BT 200.07 112.80 Td (a ) Tj ET Q q 0 0 0 rg BT 207.58 112.80 Td (typical ) Tj ET Q q 0 0 0 rg BT 235.59 112.80 Td (year) Tj ET Q q 0 0 0 rg BT 252.60 112.80 Td (. ) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 695.45 Td (By ) Tj ET Q q 0 0 0 rg BT 72.38 695.45 Td (excluding ) Tj ET Q q 0 0 0 rg BT 113.28 695.45 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 169.68 695.45 Td (items, ) Tj ET Q q 0 0 0 rg BT 196.55 695.45 Td (readers ) Tj ET Q q 0 0 0 rg BT 229.94 695.45 Td (would ) Tj ET Q q 0 0 0 rg BT 256.33 695.45 Td (expect ) Tj ET Q q 0 0 0 rg BT 285.72 695.45 Td (the ) Tj ET Q q 0 0 0 rg BT 301.11 695.45 Td (net ) Tj ET Q q 0 0 0 rg BT 316.49 695.45 Td (earnings ) Tj ET Q q 0 0 0 rg BT 353.89 695.45 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 378.76 695.45 Td (attributable ) Tj ET Q q 0 0 0 rg BT 426.17 695.45 Td (to ) Tj ET Q q 0 0 0 rg BT 436.55 695.45 Td (owners ) Tj ET Q q 0 0 0 rg BT 468.43 695.45 Td (of ) Tj ET Q q 0 0 0 rg BT 478.81 695.45 Td (the ) Tj ET Q q 0 0 0 rg BT 494.20 695.45 Td (parent ) Tj ET Q q 0 0 0 rg BT 522.59 695.45 Td (and ) Tj ET Q q 0 0 0 rg BT 540.48 695.45 Td (net ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 684.65 Td (earnings ) Tj ET Q q 0 0 0 rg BT 95.22 684.65 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 118.91 684.65 Td (per ) Tj ET Q q 0 0 0 rg BT 133.61 684.65 Td (share ) Tj ET Q q 0 0 0 rg BT 157.82 684.65 Td (attributable ) Tj ET Q q 0 0 0 rg BT 204.04 684.65 Td (to ) Tj ET Q q 0 0 0 rg BT 213.24 684.65 Td (owners ) Tj ET Q q 0 0 0 rg BT 243.95 684.65 Td (of ) Tj ET Q q 0 0 0 rg BT 253.14 684.65 Td (the ) Tj ET Q q 0 0 0 rg BT 267.35 684.65 Td (parent ) Tj ET Q q 0 0 0 rg BT 294.56 684.65 Td (to ) Tj ET Q q 0 0 0 rg BT 303.76 684.65 Td (reflect ) Tj ET Q q 0 0 0 rg BT 329.96 684.65 Td (this ) Tj ET Q q 0 0 0 rg BT 345.66 684.65 Td (seasonality ) Tj ET Q q 0 0 0 rg BT 392.38 684.65 Td (characteristic ) Tj ET Q q 0 0 0 rg BT 447.09 684.65 Td (of ) Tj ET Q q 0 0 0 rg BT 456.29 684.65 Td (run-of-river ) Tj ET Q q 0 0 0 rg BT 501.99 684.65 Td (hydroelectric ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 673.85 Td (plants, ) Tj ET Q q 0 0 0 rg BT 88.03 673.85 Td (of ) Tj ET Q q 0 0 0 rg BT 98.05 673.85 Td (wind ) Tj ET Q q 0 0 0 rg BT 119.07 673.85 Td (farms ) Tj ET Q q 0 0 0 rg BT 144.09 673.85 Td (and ) Tj ET Q q 0 0 0 rg BT 161.62 673.85 Td (of ) Tj ET Q q 0 0 0 rg BT 171.64 673.85 Td (solar ) Tj ET Q q 0 0 0 rg BT 193.66 673.85 Td (farms. ) Tj ET Q q 0 0 0 rg BT 221.18 673.85 Td (However) Tj ET Q q 0 0 0 rg BT 256.19 673.85 Td (, ) Tj ET Q q 0 0 0 rg BT 261.21 673.85 Td (other ) Tj ET Q q 0 0 0 rg BT 284.23 673.85 Td (factors ) Tj ET Q q 0 0 0 rg BT 313.76 673.85 Td (also ) Tj ET Q q 0 0 0 rg BT 332.78 673.85 Td (influence ) Tj ET Q q 0 0 0 rg BT 371.32 673.85 Td (these ) Tj ET Q q 0 0 0 rg BT 395.85 673.85 Td (figures, ) Tj ET Q q 0 0 0 rg BT 427.88 673.85 Td (some ) Tj ET Q q 0 0 0 rg BT 452.40 673.85 Td (of ) Tj ET Q q 0 0 0 rg BT 462.42 673.85 Td (which ) Tj ET Q q 0 0 0 rg BT 487.95 673.85 Td (have ) Tj ET Q q 0 0 0 rg BT 509.98 673.85 Td (a ) Tj ET Q q 0 0 0 rg BT 517.50 673.85 Td (relatively ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 663.05 Td (stable ) Tj ET Q q 0 0 0 rg BT 87.16 663.05 Td (quarter-to-quarter ) Tj ET Q q 0 0 0 rg BT 161.83 663.05 Td (impact ) Tj ET Q q 0 0 0 rg BT 192.48 663.05 Td (while ) Tj ET Q q 0 0 0 rg BT 217.14 663.05 Td (others ) Tj ET Q q 0 0 0 rg BT 246.29 663.05 Td (are ) Tj ET Q q 0 0 0 rg BT 263.44 663.05 Td (more ) Tj ET Q q 0 0 0 rg BT 288.09 663.05 Td (variable. ) Tj ET Q q 0 0 0 rg BT 326.25 663.05 Td (For ) Tj ET Q q 0 0 0 rg BT 343.89 663.05 Td (the ) Tj ET Q q 0 0 0 rg BT 360.55 663.05 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 414.22 663.05 Td (the ) Tj ET Q q 0 0 0 rg BT 430.87 663.05 Td (factor ) Tj ET Q q 0 0 0 rg BT 457.52 663.05 Td (that ) Tj ET Q q 0 0 0 rg BT 476.68 663.05 Td (causes ) Tj ET Q q 0 0 0 rg BT 509.33 663.05 Td (the ) Tj ET Q q 0 0 0 rg BT 525.99 663.05 Td (largest ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 652.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 106.91 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 116.29 652.25 Td (net ) Tj ET Q q 0 0 0 rg BT 131.19 652.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 168.09 652.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 192.47 652.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 239.38 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 249.27 652.25 Td (owners ) Tj ET Q q 0 0 0 rg BT 280.66 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 290.55 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.44 652.25 Td (parent ) Tj ET Q q 0 0 0 rg BT 333.34 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 350.74 652.25 Td (net ) Tj ET Q q 0 0 0 rg BT 365.63 652.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 402.53 652.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 426.91 652.25 Td (per ) Tj ET Q q 0 0 0 rg BT 442.30 652.25 Td (share ) Tj ET Q q 0 0 0 rg BT 467.20 652.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 514.11 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 523.99 652.25 Td (owners ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 641.45 Td (of ) Tj ET Q q 0 0 0 rg BT 67.84 641.45 Td (the ) Tj ET Q q 0 0 0 rg BT 81.68 641.45 Td (parent ) Tj ET Q q 0 0 0 rg BT 108.52 641.45 Td (is ) Tj ET Q q 0 0 0 rg BT 116.35 641.45 Td (change ) Tj ET Q q 0 0 0 rg BT 147.21 641.45 Td (in ) Tj ET Q q 0 0 0 rg BT 155.54 641.45 Td (the ) Tj ET Q q 0 0 0 rg BT 169.39 641.45 Td (market ) Tj ET Q q 0 0 0 rg BT 198.22 641.45 Td (value ) Tj ET Q q 0 0 0 rg BT 221.07 641.45 Td (of ) Tj ET Q q 0 0 0 rg BT 229.90 641.45 Td (derivative ) Tj ET Q q 0 0 0 rg BT 269.75 641.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 304.10 641.45 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 354.45 641.45 Td (Historical ) Tj ET Q q 0 0 0 rg BT 392.78 641.45 Td (analysis ) Tj ET Q q 0 0 0 rg BT 426.63 641.45 Td (of ) Tj ET Q q 0 0 0 rg BT 435.46 641.45 Td (net ) Tj ET Q q 0 0 0 rg BT 449.30 641.45 Td (earnings ) Tj ET Q q 0 0 0 rg BT 485.16 641.45 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 508.48 641.45 Td (attributable ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 630.65 Td (to ) Tj ET Q q 0 0 0 rg BT 68.87 630.65 Td (owners ) Tj ET Q q 0 0 0 rg BT 100.26 630.65 Td (of ) Tj ET Q q 0 0 0 rg BT 110.13 630.65 Td (the ) Tj ET Q q 0 0 0 rg BT 125.01 630.65 Td (parent ) Tj ET Q q 0 0 0 rg BT 152.90 630.65 Td (and ) Tj ET Q q 0 0 0 rg BT 170.28 630.65 Td (net ) Tj ET Q q 0 0 0 rg BT 185.16 630.65 Td (earnings ) Tj ET Q q 0 0 0 rg BT 222.05 630.65 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 246.42 630.65 Td (per ) Tj ET Q q 0 0 0 rg BT 261.80 630.65 Td (share ) Tj ET Q q 0 0 0 rg BT 286.68 630.65 Td (attributable ) Tj ET Q q 0 0 0 rg BT 333.58 630.65 Td (to ) Tj ET Q q 0 0 0 rg BT 343.45 630.65 Td (owners ) Tj ET Q q 0 0 0 rg BT 374.83 630.65 Td (of ) Tj ET Q q 0 0 0 rg BT 384.71 630.65 Td (the ) Tj ET Q q 0 0 0 rg BT 399.59 630.65 Td (parent ) Tj ET Q q 0 0 0 rg BT 427.48 630.65 Td (should ) Tj ET Q q 0 0 0 rg BT 456.37 630.65 Td (therefore ) Tj ET Q q 0 0 0 rg BT 494.76 630.65 Td (take ) Tj ET Q q 0 0 0 rg BT 514.14 630.65 Td (this ) Tj ET Q q 0 0 0 rg BT 530.51 630.65 Td (factor ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 619.85 Td (into ) Tj ET Q q 0 0 0 rg BT 76.57 619.85 Td (account. ) Tj ET Q q 0 0 0 rg BT 113.66 619.85 Td (It ) Tj ET Q q 0 0 0 rg BT 121.72 619.85 Td (is ) Tj ET Q q 0 0 0 rg BT 131.29 619.85 Td (important ) Tj ET Q q 0 0 0 rg BT 171.87 619.85 Td (to ) Tj ET Q q 0 0 0 rg BT 182.44 619.85 Td (bear ) Tj ET Q q 0 0 0 rg BT 203.51 619.85 Td (in ) Tj ET Q q 0 0 0 rg BT 213.58 619.85 Td (mind ) Tj ET Q q 0 0 0 rg BT 236.15 619.85 Td (that ) Tj ET Q q 0 0 0 rg BT 254.23 619.85 Td (changes ) Tj ET Q q 0 0 0 rg BT 291.32 619.85 Td (in ) Tj ET Q q 0 0 0 rg BT 301.39 619.85 Td (the ) Tj ET Q q 0 0 0 rg BT 316.96 619.85 Td (market ) Tj ET Q q 0 0 0 rg BT 347.53 619.85 Td (value ) Tj ET Q q 0 0 0 rg BT 372.11 619.85 Td (of ) Tj ET Q q 0 0 0 rg BT 382.68 619.85 Td (derivative ) Tj ET Q q 0 0 0 rg BT 424.26 619.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 460.34 619.85 Td (instruments ) Tj ET Q q 0 0 0 rg BT 509.92 619.85 Td (result ) Tj ET Q q 0 0 0 rg BT 534.99 619.85 Td (from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 609.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 90.91 609.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 108.81 609.05 Td (and ) Tj ET Q q 0 0 0 rg BT 126.22 609.05 Td (inflation ) Tj ET Q q 0 0 0 rg BT 159.64 609.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 177.54 609.05 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 225.46 609.05 Td (and ) Tj ET Q q 0 0 0 rg BT 242.87 609.05 Td (do ) Tj ET Q q 0 0 0 rg BT 255.27 609.05 Td (not ) Tj ET Q q 0 0 0 rg BT 270.18 609.05 Td (have ) Tj ET Q q 0 0 0 rg BT 292.09 609.05 Td (an ) Tj ET Q q 0 0 0 rg BT 304.49 609.05 Td (impact ) Tj ET Q q 0 0 0 rg BT 333.40 609.05 Td (on ) Tj ET Q q 0 0 0 rg BT 345.80 609.05 Td (the ) Tj ET Q q 0 0 0 rg BT 360.71 609.05 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 415.87 609.05 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 453.29 609.05 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 485.30 609.05 Td ( ) Tj ET Q q 0 0 0 rg BT 487.69 609.05 Td (or ) Tj ET Q q 0 0 0 rg BT 498.09 609.05 Td (finance ) Tj ET Q q 0 0 0 rg BT 529.50 609.05 Td (costs.) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 587.00 Td (CRITICAL) Tj ET Q q 0.2 0 0.6 rg BT 110.13 587.00 Td ( ) Tj ET Q q 0.2 0 0.6 rg BT 112.78 587.00 Td (ACCOUNTING ESTIMA) Tj ET Q q 0.2 0 0.6 rg BT 231.12 587.00 Td (TES ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 565.40 Td (The ) Tj ET Q q 0 0 0 rg BT 77.33 565.40 Td (preparation ) Tj ET Q q 0 0 0 rg BT 125.68 565.40 Td (of ) Tj ET Q q 0 0 0 rg BT 136.00 565.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 171.84 565.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 218.68 565.40 Td (in ) Tj ET Q q 0 0 0 rg BT 228.51 565.40 Td (conformity ) Tj ET Q q 0 0 0 rg BT 272.84 565.40 Td (with ) Tj ET Q q 0 0 0 rg BT 291.66 565.40 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 314.98 565.40 Td (requires ) Tj ET Q q 0 0 0 rg BT 350.32 565.40 Td (management ) Tj ET Q q 0 0 0 rg BT 405.67 565.40 Td (to ) Tj ET Q q 0 0 0 rg BT 415.99 565.40 Td (make ) Tj ET Q q 0 0 0 rg BT 440.82 565.40 Td (estimates ) Tj ET Q q 0 0 0 rg BT 482.15 565.40 Td (and ) Tj ET Q q 0 0 0 rg BT 499.99 565.40 Td (assumptions. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 554.60 Td (These ) Tj ET Q q 0 0 0 rg BT 86.04 554.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 126.57 554.60 Td (and ) Tj ET Q q 0 0 0 rg BT 143.61 554.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 196.16 554.60 Td (af) Tj ET Q q 0 0 0 rg BT 203.50 554.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 220.03 554.60 Td (the ) Tj ET Q q 0 0 0 rg BT 234.57 554.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 270.11 554.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 306.65 554.60 Td (of ) Tj ET Q q 0 0 0 rg BT 316.18 554.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 344.22 554.60 Td (and ) Tj ET Q q 0 0 0 rg BT 361.25 554.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 397.29 554.60 Td (and ) Tj ET Q q 0 0 0 rg BT 414.33 554.60 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 456.87 554.60 Td (of ) Tj ET Q q 0 0 0 rg BT 466.40 554.60 Td (contingent ) Tj ET Q q 0 0 0 rg BT 509.96 554.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 537.99 554.60 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 543.80 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 94.89 543.80 Td (at ) Tj ET Q q 0 0 0 rg BT 104.28 543.80 Td (the ) Tj ET Q q 0 0 0 rg BT 118.67 543.80 Td (date ) Tj ET Q q 0 0 0 rg BT 138.06 543.80 Td (of ) Tj ET Q q 0 0 0 rg BT 147.45 543.80 Td (the ) Tj ET Q q 0 0 0 rg BT 161.84 543.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 196.74 543.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 242.64 543.80 Td (and ) Tj ET Q q 0 0 0 rg BT 259.53 543.80 Td (the ) Tj ET Q q 0 0 0 rg BT 273.92 543.80 Td (reported ) Tj ET Q q 0 0 0 rg BT 309.32 543.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 345.72 543.80 Td (of ) Tj ET Q q 0 0 0 rg BT 355.10 543.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 389.51 543.80 Td (and ) Tj ET Q q 0 0 0 rg BT 406.40 543.80 Td (expenses ) Tj ET Q q 0 0 0 rg BT 446.81 543.80 Td (during ) Tj ET Q q 0 0 0 rg BT 473.71 543.80 Td (the ) Tj ET Q q 0 0 0 rg BT 488.10 543.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 525.50 543.80 Td (period. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 533.00 Td (Actual ) Tj ET Q q 0 0 0 rg BT 86.75 533.00 Td (results ) Tj ET Q q 0 0 0 rg BT 115.98 533.00 Td (could ) Tj ET Q q 0 0 0 rg BT 140.23 533.00 Td (dif) Tj ET Q q 0 0 0 rg BT 149.57 533.00 Td (fer ) Tj ET Q q 0 0 0 rg BT 162.81 533.00 Td (from ) Tj ET Q q 0 0 0 rg BT 183.54 533.00 Td (these ) Tj ET Q q 0 0 0 rg BT 208.29 533.00 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 252.03 533.00 Td (During ) Tj ET Q q 0 0 0 rg BT 281.28 533.00 Td (the ) Tj ET Q q 0 0 0 rg BT 296.52 533.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 334.77 533.00 Td (period, ) Tj ET Q q 0 0 0 rg BT 365.02 533.00 Td (management ) Tj ET Q q 0 0 0 rg BT 420.29 533.00 Td (made ) Tj ET Q q 0 0 0 rg BT 445.53 533.00 Td (a ) Tj ET Q q 0 0 0 rg BT 453.27 533.00 Td (number ) Tj ET Q q 0 0 0 rg BT 486.51 533.00 Td (of ) Tj ET Q q 0 0 0 rg BT 496.75 533.00 Td (estimates ) Tj ET Q q 0 0 0 rg BT 538.00 533.00 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 522.20 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 113.57 522.20 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 157.15 522.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 195.20 522.20 Td (to ) Tj ET Q q 0 0 0 rg BT 206.75 522.20 Td (the ) Tj ET Q q 0 0 0 rg BT 223.31 522.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 239.86 522.20 Td (value ) Tj ET Q q 0 0 0 rg BT 265.42 522.20 Td (calculation ) Tj ET Q q 0 0 0 rg BT 311.99 522.20 Td (of ) Tj ET Q q 0 0 0 rg BT 323.55 522.20 Td (the ) Tj ET Q q 0 0 0 rg BT 340.10 522.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 370.16 522.20 Td (acquired ) Tj ET Q q 0 0 0 rg BT 408.73 522.20 Td (and ) Tj ET Q q 0 0 0 rg BT 427.80 522.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 465.86 522.20 Td (assumed ) Tj ET Q q 0 0 0 rg BT 506.42 522.20 Td (in ) Tj ET Q q 0 0 0 rg BT 517.48 522.20 Td (business ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 511.40 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 112.05 511.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 160.09 511.40 Td (of ) Tj ET Q q 0 0 0 rg BT 171.13 511.40 Td (assets, ) Tj ET Q q 0 0 0 rg BT 203.17 511.40 Td (useful ) Tj ET Q q 0 0 0 rg BT 230.71 511.40 Td (lives ) Tj ET Q q 0 0 0 rg BT 252.24 511.40 Td (and ) Tj ET Q q 0 0 0 rg BT 270.78 511.40 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 327.33 511.40 Td (of ) Tj ET Q q 0 0 0 rg BT 338.36 511.40 Td (property) Tj ET Q q 0 0 0 rg BT 370.71 511.40 Td (, ) Tj ET Q q 0 0 0 rg BT 376.74 511.40 Td (plant ) Tj ET Q q 0 0 0 rg BT 399.78 511.40 Td (and ) Tj ET Q q 0 0 0 rg BT 418.33 511.40 Td (equipment ) Tj ET Q q 0 0 0 rg BT 463.88 511.40 Td (and ) Tj ET Q q 0 0 0 rg BT 482.43 511.40 Td (intangible ) Tj ET Q q 0 0 0 rg BT 524.49 511.40 Td (assets, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 500.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 95.74 500.60 Td (income ) Tj ET Q q 0 0 0 rg BT 127.98 500.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 152.71 500.60 Td (as ) Tj ET Q q 0 0 0 rg BT 165.44 500.60 Td (well ) Tj ET Q q 0 0 0 rg BT 184.17 500.60 Td (as ) Tj ET Q q 0 0 0 rg BT 196.89 500.60 Td (the ) Tj ET Q q 0 0 0 rg BT 212.63 500.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 228.35 500.60 Td (value ) Tj ET Q q 0 0 0 rg BT 253.09 500.60 Td (of ) Tj ET Q q 0 0 0 rg BT 263.82 500.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 300.06 500.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 329.29 500.60 Td (and ) Tj ET Q q 0 0 0 rg BT 347.53 500.60 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 387.27 500.60 Td (including ) Tj ET Q q 0 0 0 rg BT 426.02 500.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 467.76 500.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 504.00 500.60 Td (instruments. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 489.80 Td (These ) Tj ET Q q 0 0 0 rg BT 87.65 489.80 Td (estimates ) Tj ET Q q 0 0 0 rg BT 129.80 489.80 Td (and ) Tj ET Q q 0 0 0 rg BT 148.45 489.80 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 202.61 489.80 Td (are ) Tj ET Q q 0 0 0 rg BT 219.25 489.80 Td (based ) Tj ET Q q 0 0 0 rg BT 247.41 489.80 Td (on ) Tj ET Q q 0 0 0 rg BT 261.05 489.80 Td (current ) Tj ET Q q 0 0 0 rg BT 292.70 489.80 Td (market ) Tj ET Q q 0 0 0 rg BT 323.84 489.80 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 370.50 489.80 Td (management's ) Tj ET Q q 0 0 0 rg BT 432.88 489.80 Td (planned ) Tj ET Q q 0 0 0 rg BT 468.55 489.80 Td (course ) Tj ET Q q 0 0 0 rg BT 499.20 489.80 Td (of ) Tj ET Q q 0 0 0 rg BT 510.34 489.80 Td (action ) Tj ET Q q 0 0 0 rg BT 537.99 489.80 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 479.00 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 112.61 479.00 Td (about ) Tj ET Q q 0 0 0 rg BT 138.22 479.00 Td (future ) Tj ET Q q 0 0 0 rg BT 164.32 479.00 Td (business ) Tj ET Q q 0 0 0 rg BT 202.93 479.00 Td (and ) Tj ET Q q 0 0 0 rg BT 221.04 479.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 262.64 479.00 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 308.76 479.00 Td (Changes ) Tj ET Q q 0 0 0 rg BT 347.87 479.00 Td (in ) Tj ET Q q 0 0 0 rg BT 357.96 479.00 Td (the ) Tj ET Q q 0 0 0 rg BT 373.56 479.00 Td (underlying ) Tj ET Q q 0 0 0 rg BT 418.18 479.00 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 471.79 479.00 Td (and ) Tj ET Q q 0 0 0 rg BT 489.90 479.00 Td (estimates ) Tj ET Q q 0 0 0 rg BT 531.50 479.00 Td (could ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 468.20 Td (have ) Tj ET Q q 0 0 0 rg BT 81.00 468.20 Td (a ) Tj ET Q q 0 0 0 rg BT 88.49 468.20 Td (material ) Tj ET Q q 0 0 0 rg BT 122.99 468.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 151.98 468.20 Td (on ) Tj ET Q q 0 0 0 rg BT 164.48 468.20 Td (the ) Tj ET Q q 0 0 0 rg BT 179.48 468.20 Td (reported ) Tj ET Q q 0 0 0 rg BT 215.48 468.20 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 254.83 468.20 Td (These ) Tj ET Q q 0 0 0 rg BT 282.33 468.20 Td (estimates ) Tj ET Q q 0 0 0 rg BT 323.33 468.20 Td (are ) Tj ET Q q 0 0 0 rg BT 338.82 468.20 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 377.32 468.20 Td (periodically) Tj ET Q q 0 0 0 rg BT 421.68 468.20 Td (. ) Tj ET Q q 0 0 0 rg BT 426.66 468.20 Td (If ) Tj ET Q q 0 0 0 rg BT 434.15 468.20 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 485.16 468.20 Td (prove ) Tj ET Q q 0 0 0 rg BT 510.16 468.20 Td (necessary) Tj ET Q q 0 0 0 rg BT 550.51 468.20 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 457.40 Td (they ) Tj ET Q q 0 0 0 rg BT 78.27 457.40 Td (are ) Tj ET Q q 0 0 0 rg BT 93.54 457.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 139.83 457.40 Td (in ) Tj ET Q q 0 0 0 rg BT 149.10 457.40 Td (earnings ) Tj ET Q q 0 0 0 rg BT 185.88 457.40 Td (in ) Tj ET Q q 0 0 0 rg BT 195.15 457.40 Td (the ) Tj ET Q q 0 0 0 rg BT 209.92 457.40 Td (period ) Tj ET Q q 0 0 0 rg BT 237.20 457.40 Td (in ) Tj ET Q q 0 0 0 rg BT 246.47 457.40 Td (which ) Tj ET Q q 0 0 0 rg BT 271.74 457.40 Td (they ) Tj ET Q q 0 0 0 rg BT 291.01 457.40 Td (are ) Tj ET Q q 0 0 0 rg BT 306.28 457.40 Td (made. ) Tj ET Q q 0 0 0 rg BT 333.55 457.40 Td (Other ) Tj ET Q q 0 0 0 rg BT 358.32 457.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 400.61 457.40 Td (accounting ) Tj ET Q q 0 0 0 rg BT 446.40 457.40 Td (policies ) Tj ET Q q 0 0 0 rg BT 478.68 457.40 Td (are ) Tj ET Q q 0 0 0 rg BT 493.94 457.40 Td (listed ) Tj ET Q q 0 0 0 rg BT 517.22 457.40 Td (in ) Tj ET Q q 0 0 0 rg BT 526.48 457.40 Td (Note3 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 446.60 Td (of ) Tj ET Q q 0 0 0 rg BT 69.01 446.60 Td (the ) Tj ET Q q 0 0 0 rg BT 84.02 446.60 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 139.76 446.60 Td (audited ) Tj ET Q q 0 0 0 rg BT 171.79 446.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 224.83 446.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 260.35 446.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 306.87 446.60 Td (for ) Tj ET Q q 0 0 0 rg BT 319.87 446.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.88 446.60 Td (year ) Tj ET Q q 0 0 0 rg BT 354.89 446.60 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.42 446.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 441.45 446.60 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.47 446.60 Td (. ) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 423.00 Td (ACCOUNTING CHANGES) Tj ET Q BT /F4 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 400.20 Td (Application ) Tj ET Q q 0.2 0 0.6 rg BT 119.91 400.20 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 135.82 400.20 Td (new ) Tj ET Q q 0.2 0 0.6 rg BT 161.73 400.20 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 185.98 400.20 Td (revised ) Tj ET Q q 0.2 0 0.6 rg BT 227.47 400.20 Td (standards ) Tj ET Q q 0.2 0 0.6 rg BT 281.73 400.20 Td (on ) Tj ET Q q 0.2 0 0.6 rg BT 300.41 400.20 Td (consolidation, ) Tj ET Q q 0.2 0 0.6 rg BT 374.66 400.20 Td (joint ) Tj ET Q q 0.2 0 0.6 rg BT 402.23 400.20 Td (arrangements, ) Tj ET Q q 0.2 0 0.6 rg BT 477.61 400.20 Td (associates ) Tj ET Q q 0.2 0 0.6 rg BT 535.22 400.20 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0.2 0 0.6 rg BT 59.00 388.20 Td (disclosures) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 366.60 Td (In ) Tj ET Q q 0 0 0 rg BT 67.94 366.60 Td (May ) Tj ET Q q 0 0 0 rg BT 86.38 366.60 Td (201) Tj ET Q q 0 0 0 rg BT 100.73 366.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 109.67 366.60 Td (a ) Tj ET Q q 0 0 0 rg BT 116.11 366.60 Td (package ) Tj ET Q q 0 0 0 rg BT 151.57 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 160.51 366.60 Td (five ) Tj ET Q q 0 0 0 rg BT 175.95 366.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 216.91 366.60 Td (on ) Tj ET Q q 0 0 0 rg BT 228.35 366.60 Td (consolidation, ) Tj ET Q q 0 0 0 rg BT 284.82 366.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 302.77 366.60 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 362.23 366.60 Td (associates ) Tj ET Q q 0 0 0 rg BT 406.19 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 422.64 366.60 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 469.09 366.60 Td (were ) Tj ET Q q 0 0 0 rg BT 490.03 366.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 517.48 366.60 Td (including ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 355.80 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 82.21 355.80 Td (10 ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 94.93 355.80 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 150.17 355.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 188.90 355.80 Td (Statements) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 234.42 355.80 Td (, ) Tj ET Q q 0 0 0 rg BT 239.63 355.80 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 262.84 355.80 Td (1) Tj ET Q q 0 0 0 rg BT 267.17 355.80 Td (1 ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 274.89 355.80 Td (Joint ) Tj ET Q q 0 0 0 rg BT 296.25 355.80 Td (Arrangements) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 352.77 355.80 Td (, ) Tj ET Q q 0 0 0 rg BT 357.98 355.80 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 381.19 355.80 Td (12 ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 393.91 355.80 Td (Disclosures ) Tj ET Q q 0 0 0 rg BT 443.13 355.80 Td (of ) Tj ET Q q 0 0 0 rg BT 453.34 355.80 Td (Interest ) Tj ET Q q 0 0 0 rg BT 486.06 355.80 Td (in ) Tj ET Q q 0 0 0 rg BT 495.78 355.80 Td (Other ) Tj ET Q q 0 0 0 rg BT 520.99 355.80 Td (Entities, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 345.00 Td (IAS ) Tj ET Q q 0 0 0 rg BT 76.48 345.00 Td (27 ) Tj ET Q q 0 0 0 rg BT 89.46 345.00 Td (\(as ) Tj ET Q q 0 0 0 rg BT 104.94 345.00 Td (revised ) Tj ET Q q 0 0 0 rg BT 136.92 345.00 Td (in ) Tj ET Q q 0 0 0 rg BT 146.90 345.00 Td (201) Tj ET Q q 0 0 0 rg BT 161.25 345.00 Td (1\) ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 172.23 345.00 Td (Separate ) Tj ET Q q 0 0 0 rg BT 211.73 345.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 250.72 345.00 Td (Statements) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 296.24 345.00 Td ( ) Tj ET Q q 0 0 0 rg BT 299.21 345.00 Td (and ) Tj ET Q q 0 0 0 rg BT 317.20 345.00 Td (IAS ) Tj ET Q q 0 0 0 rg BT 334.68 345.00 Td (28 ) Tj ET Q q 0 0 0 rg BT 347.67 345.00 Td (\(as ) Tj ET Q q 0 0 0 rg BT 363.14 345.00 Td (revised ) Tj ET Q q 0 0 0 rg BT 395.13 345.00 Td (in ) Tj ET Q q 0 0 0 rg BT 405.11 345.00 Td (201) Tj ET Q q 0 0 0 rg BT 419.45 345.00 Td (1\) ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 430.43 345.00 Td (Investments ) Tj ET Q q 0 0 0 rg BT 481.92 345.00 Td (in ) Tj ET Q q 0 0 0 rg BT 491.50 345.00 Td (Associates ) Tj ET Q q 0 0 0 rg BT 538.00 345.00 Td (and ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 59.00 334.20 Td (Joint ) Tj ET Q q 0 0 0 rg BT 80.51 334.20 Td (V) Tj ET Q q 0 0 0 rg BT 86.18 334.20 Td (entures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 116.20 334.20 Td (. ) Tj ET Q q 0 0 0 rg BT 121.20 334.20 Td (In ) Tj ET Q q 0 0 0 rg BT 131.21 334.20 Td (the ) Tj ET Q q 0 0 0 rg BT 146.22 334.20 Td (current ) Tj ET Q q 0 0 0 rg BT 176.73 334.20 Td (period, ) Tj ET Q q 0 0 0 rg BT 206.75 334.20 Td (the ) Tj ET Q q 0 0 0 rg BT 221.76 334.20 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 271.29 334.20 Td (has ) Tj ET Q q 0 0 0 rg BT 288.30 334.20 Td (applied ) Tj ET Q q 0 0 0 rg BT 319.82 334.20 Td (these ) Tj ET Q q 0 0 0 rg BT 344.34 334.20 Td (standards.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 312.60 Td (The ) Tj ET Q q 0 0 0 rg BT 77.01 312.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 106.02 312.60 Td (of ) Tj ET Q q 0 0 0 rg BT 116.02 312.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.04 312.60 Td (application ) Tj ET Q q 0 0 0 rg BT 176.57 312.60 Td (of ) Tj ET Q q 0 0 0 rg BT 186.57 312.60 Td (these ) Tj ET Q q 0 0 0 rg BT 211.09 312.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 253.12 312.60 Td (is ) Tj ET Q q 0 0 0 rg BT 262.12 312.60 Td (described ) Tj ET Q q 0 0 0 rg BT 303.64 312.60 Td (below) Tj ET Q q 0 0 0 rg BT 326.66 312.60 Td (.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 289.80 Td (Impact ) Tj ET Q q 0.2 0 0.6 rg BT 94.01 289.80 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 106.23 289.80 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 124.00 289.80 Td (application ) Tj ET Q q 0.2 0 0.6 rg BT 179.57 289.80 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 191.78 289.80 Td (IFRS ) Tj ET Q q 0.2 0 0.6 rg BT 217.34 289.80 Td (10) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 268.20 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 82.31 268.20 Td (10 ) Tj ET Q q 0 0 0 rg BT 95.13 268.20 Td (replaces ) Tj ET Q q 0 0 0 rg BT 131.95 268.20 Td (the ) Tj ET Q q 0 0 0 rg BT 147.27 268.20 Td (parts ) Tj ET Q q 0 0 0 rg BT 170.08 268.20 Td (of ) Tj ET Q q 0 0 0 rg BT 180.40 268.20 Td (IAS ) Tj ET Q q 0 0 0 rg BT 197.71 268.20 Td (27 ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 210.53 268.20 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 265.87 268.20 Td (and ) Tj ET Q q 0 0 0 rg BT 283.70 268.20 Td (Separate ) Tj ET Q q 0 0 0 rg BT 323.03 268.20 Td (Financial ) Tj ET Q q 0 0 0 rg BT 361.85 268.20 Td (Statements) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 407.38 268.20 Td ( ) Tj ET Q q 0 0 0 rg BT 410.19 268.20 Td (that ) Tj ET Q q 0 0 0 rg BT 428.00 268.20 Td (deal ) Tj ET Q q 0 0 0 rg BT 447.83 268.20 Td (with ) Tj ET Q q 0 0 0 rg BT 466.64 268.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 519.98 268.20 Td (financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 257.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 104.86 257.40 Td (and ) Tj ET Q q 0 0 0 rg BT 121.71 257.40 Td (SIC-12 ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 151.56 257.40 Td (Consolidation- ) Tj ET Q q 0 0 0 rg BT 210.93 257.40 Td (Special ) Tj ET Q q 0 0 0 rg BT 242.29 257.40 Td (Purpose ) Tj ET Q q 0 0 0 rg BT 277.64 257.40 Td (Entities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.16 257.40 Td (. ) Tj ET Q q 0 0 0 rg BT 311.50 257.40 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 333.83 257.40 Td (10 ) Tj ET Q q 0 0 0 rg BT 345.68 257.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 381.55 257.40 Td (the ) Tj ET Q q 0 0 0 rg BT 395.89 257.40 Td (definition ) Tj ET Q q 0 0 0 rg BT 433.76 257.40 Td (of ) Tj ET Q q 0 0 0 rg BT 443.10 257.40 Td (control ) Tj ET Q q 0 0 0 rg BT 471.95 257.40 Td (such ) Tj ET Q q 0 0 0 rg BT 492.80 257.40 Td (that ) Tj ET Q q 0 0 0 rg BT 509.65 257.40 Td (an ) Tj ET Q q 0 0 0 rg BT 521.50 257.40 Td (investor ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 246.60 Td (controls ) Tj ET Q q 0 0 0 rg BT 93.22 246.60 Td (an ) Tj ET Q q 0 0 0 rg BT 105.93 246.60 Td (investee ) Tj ET Q q 0 0 0 rg BT 142.15 246.60 Td (when ) Tj ET Q q 0 0 0 rg BT 166.37 246.60 Td (it ) Tj ET Q q 0 0 0 rg BT 173.58 246.60 Td (is ) Tj ET Q q 0 0 0 rg BT 182.78 246.60 Td (exposed, ) Tj ET Q q 0 0 0 rg BT 222.01 246.60 Td (or ) Tj ET Q q 0 0 0 rg BT 232.72 246.60 Td (has ) Tj ET Q q 0 0 0 rg BT 249.93 246.60 Td (rights, ) Tj ET Q q 0 0 0 rg BT 277.14 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 287.35 246.60 Td (variable ) Tj ET Q q 0 0 0 rg BT 321.57 246.60 Td (returns ) Tj ET Q q 0 0 0 rg BT 352.28 246.60 Td (from ) Tj ET Q q 0 0 0 rg BT 372.99 246.60 Td (its ) Tj ET Q q 0 0 0 rg BT 384.69 246.60 Td (involvement ) Tj ET Q q 0 0 0 rg BT 435.42 246.60 Td (with ) Tj ET Q q 0 0 0 rg BT 454.13 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 469.34 246.60 Td (investee ) Tj ET Q q 0 0 0 rg BT 505.56 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 523.28 246.60 Td (has ) Tj ET Q q 0 0 0 rg BT 540.50 246.60 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 235.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 84.60 235.80 Td (to ) Tj ET Q q 0 0 0 rg BT 94.70 235.80 Td (af) Tj ET Q q 0 0 0 rg BT 102.04 235.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 119.14 235.80 Td (those ) Tj ET Q q 0 0 0 rg BT 143.75 235.80 Td (returns ) Tj ET Q q 0 0 0 rg BT 174.35 235.80 Td (through ) Tj ET Q q 0 0 0 rg BT 207.46 235.80 Td (its ) Tj ET Q q 0 0 0 rg BT 219.05 235.80 Td (power ) Tj ET Q q 0 0 0 rg BT 246.16 235.80 Td (over ) Tj ET Q q 0 0 0 rg BT 266.25 235.80 Td (the ) Tj ET Q q 0 0 0 rg BT 281.36 235.80 Td (investee. ) Tj ET Q q 0 0 0 rg BT 319.80 235.80 Td (T) Tj ET Q q 0 0 0 rg BT 324.30 235.80 Td (o ) Tj ET Q q 0 0 0 rg BT 331.90 235.80 Td (meet ) Tj ET Q q 0 0 0 rg BT 354.50 235.80 Td (the ) Tj ET Q q 0 0 0 rg BT 369.60 235.80 Td (definition ) Tj ET Q q 0 0 0 rg BT 408.22 235.80 Td (of ) Tj ET Q q 0 0 0 rg BT 418.31 235.80 Td (control ) Tj ET Q q 0 0 0 rg BT 447.92 235.80 Td (in ) Tj ET Q q 0 0 0 rg BT 457.51 235.80 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 480.60 235.80 Td (10, ) Tj ET Q q 0 0 0 rg BT 495.71 235.80 Td (all ) Tj ET Q q 0 0 0 rg BT 507.30 235.80 Td (of ) Tj ET Q q 0 0 0 rg BT 517.40 235.80 Td (the ) Tj ET Q q 0 0 0 rg BT 532.50 235.80 Td (three ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 225.00 Td (criteria, ) Tj ET Q q 0 0 0 rg BT 90.87 225.00 Td (including ) Tj ET Q q 0 0 0 rg BT 128.76 225.00 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 142.12 225.00 Td (an ) Tj ET Q q 0 0 0 rg BT 154.50 225.00 Td (investor ) Tj ET Q q 0 0 0 rg BT 188.37 225.00 Td (has ) Tj ET Q q 0 0 0 rg BT 205.25 225.00 Td (power ) Tj ET Q q 0 0 0 rg BT 232.12 225.00 Td (over ) Tj ET Q q 0 0 0 rg BT 252.00 225.00 Td (an ) Tj ET Q q 0 0 0 rg BT 264.37 225.00 Td (investee, ) Tj ET Q q 0 0 0 rg BT 302.76 225.00 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 316.12 225.00 Td (the ) Tj ET Q q 0 0 0 rg BT 330.99 225.00 Td (investor ) Tj ET Q q 0 0 0 rg BT 364.87 225.00 Td (has ) Tj ET Q q 0 0 0 rg BT 381.75 225.00 Td (exposure, ) Tj ET Q q 0 0 0 rg BT 423.63 225.00 Td (or ) Tj ET Q q 0 0 0 rg BT 434.00 225.00 Td (rights, ) Tj ET Q q 0 0 0 rg BT 460.87 225.00 Td (to ) Tj ET Q q 0 0 0 rg BT 470.74 225.00 Td (variable ) Tj ET Q q 0 0 0 rg BT 504.62 225.00 Td (returns ) Tj ET Q q 0 0 0 rg BT 535.00 225.00 Td (from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 214.20 Td (its ) Tj ET Q q 0 0 0 rg BT 70.47 214.20 Td (involvement ) Tj ET Q q 0 0 0 rg BT 120.97 214.20 Td (with ) Tj ET Q q 0 0 0 rg BT 139.45 214.20 Td (the ) Tj ET Q q 0 0 0 rg BT 154.44 214.20 Td (investee ) Tj ET Q q 0 0 0 rg BT 190.43 214.20 Td (and ) Tj ET Q q 0 0 0 rg BT 207.92 214.20 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 220.89 214.20 Td (the ) Tj ET Q q 0 0 0 rg BT 235.88 214.20 Td (investor ) Tj ET Q q 0 0 0 rg BT 269.87 214.20 Td (has ) Tj ET Q q 0 0 0 rg BT 286.85 214.20 Td (the ) Tj ET Q q 0 0 0 rg BT 301.84 214.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 327.32 214.20 Td (to ) Tj ET Q q 0 0 0 rg BT 337.30 214.20 Td (use ) Tj ET Q q 0 0 0 rg BT 354.29 214.20 Td (its ) Tj ET Q q 0 0 0 rg BT 365.76 214.20 Td (power ) Tj ET Q q 0 0 0 rg BT 392.75 214.20 Td (over ) Tj ET Q q 0 0 0 rg BT 412.73 214.20 Td (the ) Tj ET Q q 0 0 0 rg BT 427.72 214.20 Td (investee ) Tj ET Q q 0 0 0 rg BT 463.71 214.20 Td (to ) Tj ET Q q 0 0 0 rg BT 473.70 214.20 Td (af) Tj ET Q q 0 0 0 rg BT 481.04 214.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 498.02 214.20 Td (the ) Tj ET Q q 0 0 0 rg BT 513.01 214.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 545.50 214.20 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 203.40 Td (the ) Tj ET Q q 0 0 0 rg BT 73.55 203.40 Td (investor's ) Tj ET Q q 0 0 0 rg BT 113.31 203.40 Td (returns, ) Tj ET Q q 0 0 0 rg BT 145.86 203.40 Td (must ) Tj ET Q q 0 0 0 rg BT 167.40 203.40 Td (be ) Tj ET Q q 0 0 0 rg BT 179.44 203.40 Td (met. ) Tj ET Q q 0 0 0 rg BT 198.98 203.40 Td (Previously) Tj ET Q q 0 0 0 rg BT 239.83 203.40 Td (, ) Tj ET Q q 0 0 0 rg BT 244.36 203.40 Td (control ) Tj ET Q q 0 0 0 rg BT 273.41 203.40 Td (was ) Tj ET Q q 0 0 0 rg BT 291.45 203.40 Td ( ) Tj ET Q q 0 0 0 rg BT 293.49 203.40 Td (defined ) Tj ET Q q 0 0 0 rg BT 325.05 203.40 Td (as ) Tj ET Q q 0 0 0 rg BT 336.59 203.40 Td (the ) Tj ET Q q 0 0 0 rg BT 351.14 203.40 Td (power ) Tj ET Q q 0 0 0 rg BT 377.69 203.40 Td (to ) Tj ET Q q 0 0 0 rg BT 387.23 203.40 Td (govern ) Tj ET Q q 0 0 0 rg BT 416.78 203.40 Td (the ) Tj ET Q q 0 0 0 rg BT 431.33 203.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 466.38 203.40 Td (and ) Tj ET Q q 0 0 0 rg BT 483.43 203.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 523.00 203.40 Td (policies ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 192.60 Td (of ) Tj ET Q q 0 0 0 rg BT 68.95 192.60 Td (an ) Tj ET Q q 0 0 0 rg BT 81.41 192.60 Td (entity ) Tj ET Q q 0 0 0 rg BT 105.36 192.60 Td (so ) Tj ET Q q 0 0 0 rg BT 117.31 192.60 Td (as ) Tj ET Q q 0 0 0 rg BT 129.27 192.60 Td (to ) Tj ET Q q 0 0 0 rg BT 139.22 192.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 166.18 192.60 Td (benefits ) Tj ET Q q 0 0 0 rg BT 200.15 192.60 Td (form ) Tj ET Q q 0 0 0 rg BT 220.60 192.60 Td (its ) Tj ET Q q 0 0 0 rg BT 232.04 192.60 Td (activities. ) Tj ET Q q 0 0 0 rg BT 271.50 192.60 Td (Much ) Tj ET Q q 0 0 0 rg BT 295.95 192.60 Td (more ) Tj ET Q q 0 0 0 rg BT 318.90 192.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 357.88 192.60 Td (has ) Tj ET Q q 0 0 0 rg BT 374.83 192.60 Td (been ) Tj ET Q q 0 0 0 rg BT 397.30 192.60 Td (included ) Tj ET Q q 0 0 0 rg BT 433.27 192.60 Td (in ) Tj ET Q q 0 0 0 rg BT 442.72 192.60 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 465.67 192.60 Td (10 ) Tj ET Q q 0 0 0 rg BT 478.12 192.60 Td (to ) Tj ET Q q 0 0 0 rg BT 488.07 192.60 Td (explain ) Tj ET Q q 0 0 0 rg BT 519.04 192.60 Td (when ) Tj ET Q q 0 0 0 rg BT 543.00 192.60 Td (an ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 181.80 Td (investor ) Tj ET Q q 0 0 0 rg BT 93.31 181.80 Td (has ) Tj ET Q q 0 0 0 rg BT 110.63 181.80 Td (control ) Tj ET Q q 0 0 0 rg BT 140.44 181.80 Td (over ) Tj ET Q q 0 0 0 rg BT 160.75 181.80 Td (an ) Tj ET Q q 0 0 0 rg BT 173.56 181.80 Td (investee. ) Tj ET Q q 0 0 0 rg BT 212.38 181.80 Td (In ) Tj ET Q q 0 0 0 rg BT 222.69 181.80 Td (particular) Tj ET Q q 0 0 0 rg BT 259.21 181.80 Td (, ) Tj ET Q q 0 0 0 rg BT 264.51 181.80 Td (detailed ) Tj ET Q q 0 0 0 rg BT 298.84 181.80 Td (guidances ) Tj ET Q q 0 0 0 rg BT 342.67 181.80 Td (has ) Tj ET Q q 0 0 0 rg BT 359.98 181.80 Td (been ) Tj ET Q q 0 0 0 rg BT 382.80 181.80 Td (established ) Tj ET Q q 0 0 0 rg BT 431.13 181.80 Td (in ) Tj ET Q q 0 0 0 rg BT 440.94 181.80 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 464.24 181.80 Td (10 ) Tj ET Q q 0 0 0 rg BT 477.05 181.80 Td (to ) Tj ET Q q 0 0 0 rg BT 487.36 181.80 Td (explain ) Tj ET Q q 0 0 0 rg BT 518.68 181.80 Td (when ) Tj ET Q q 0 0 0 rg BT 543.00 181.80 Td (an ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 171.00 Td (investor ) Tj ET Q q 0 0 0 rg BT 93.55 171.00 Td (that ) Tj ET Q q 0 0 0 rg BT 111.59 171.00 Td (owns ) Tj ET Q q 0 0 0 rg BT 135.64 171.00 Td (less ) Tj ET Q q 0 0 0 rg BT 154.68 171.00 Td (than ) Tj ET Q q 0 0 0 rg BT 175.23 171.00 Td (50 ) Tj ET Q q 0 0 0 rg BT 188.27 171.00 Td (per ) Tj ET Q q 0 0 0 rg BT 204.31 171.00 Td (cent ) Tj ET Q q 0 0 0 rg BT 224.36 171.00 Td (of ) Tj ET Q q 0 0 0 rg BT 234.90 171.00 Td (the ) Tj ET Q q 0 0 0 rg BT 250.45 171.00 Td (voting ) Tj ET Q q 0 0 0 rg BT 277.50 171.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 307.54 171.00 Td (in ) Tj ET Q q 0 0 0 rg BT 317.58 171.00 Td (an ) Tj ET Q q 0 0 0 rg BT 330.63 171.00 Td (investee ) Tj ET Q q 0 0 0 rg BT 367.18 171.00 Td (has ) Tj ET Q q 0 0 0 rg BT 384.73 171.00 Td (control ) Tj ET Q q 0 0 0 rg BT 414.77 171.00 Td (over ) Tj ET Q q 0 0 0 rg BT 435.32 171.00 Td (the ) Tj ET Q q 0 0 0 rg BT 450.86 171.00 Td (investee. ) Tj ET Q q 0 0 0 rg BT 489.92 171.00 Td (For ) Tj ET Q q 0 0 0 rg BT 506.45 171.00 Td (example, ) Tj ET Q q 0 0 0 rg BT 546.01 171.00 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 160.20 Td (assessing ) Tj ET Q q 0 0 0 rg BT 101.83 160.20 Td (whether ) Tj ET Q q 0 0 0 rg BT 136.65 160.20 Td (or ) Tj ET Q q 0 0 0 rg BT 147.46 160.20 Td (not ) Tj ET Q q 0 0 0 rg BT 162.78 160.20 Td (an ) Tj ET Q q 0 0 0 rg BT 175.59 160.20 Td (investor ) Tj ET Q q 0 0 0 rg BT 209.91 160.20 Td (with ) Tj ET Q q 0 0 0 rg BT 228.72 160.20 Td (less ) Tj ET Q q 0 0 0 rg BT 247.53 160.20 Td (than ) Tj ET Q q 0 0 0 rg BT 267.85 160.20 Td (a ) Tj ET Q q 0 0 0 rg BT 275.67 160.20 Td (majority ) Tj ET Q q 0 0 0 rg BT 309.98 160.20 Td (of ) Tj ET Q q 0 0 0 rg BT 320.29 160.20 Td (the ) Tj ET Q q 0 0 0 rg BT 335.60 160.20 Td (voting ) Tj ET Q q 0 0 0 rg BT 362.43 160.20 Td (rights ) Tj ET Q q 0 0 0 rg BT 387.24 160.20 Td (in ) Tj ET Q q 0 0 0 rg BT 397.05 160.20 Td (an ) Tj ET Q q 0 0 0 rg BT 409.87 160.20 Td (investee ) Tj ET Q q 0 0 0 rg BT 446.19 160.20 Td (has ) Tj ET Q q 0 0 0 rg BT 463.51 160.20 Td (a ) Tj ET Q q 0 0 0 rg BT 471.32 160.20 Td (suf) Tj ET Q q 0 0 0 rg BT 483.16 160.20 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 515.98 160.20 Td (dominant ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 149.40 Td (voting ) Tj ET Q q 0 0 0 rg BT 84.45 149.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 115.41 149.40 Td (to ) Tj ET Q q 0 0 0 rg BT 124.35 149.40 Td (meet ) Tj ET Q q 0 0 0 rg BT 145.80 149.40 Td (the ) Tj ET Q q 0 0 0 rg BT 159.75 149.40 Td (power ) Tj ET Q q 0 0 0 rg BT 185.70 149.40 Td (criterion, ) Tj ET Q q 0 0 0 rg BT 221.65 149.40 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 243.59 149.40 Td (10 ) Tj ET Q q 0 0 0 rg BT 255.04 149.40 Td (requires ) Tj ET Q q 0 0 0 rg BT 288.99 149.40 Td (the ) Tj ET Q q 0 0 0 rg BT 302.94 149.40 Td (investor ) Tj ET Q q 0 0 0 rg BT 335.89 149.40 Td (to ) Tj ET Q q 0 0 0 rg BT 344.83 149.40 Td (take ) Tj ET Q q 0 0 0 rg BT 363.28 149.40 Td (into ) Tj ET Q q 0 0 0 rg BT 379.23 149.40 Td (account ) Tj ET Q q 0 0 0 rg BT 412.19 149.40 Td (all ) Tj ET Q q 0 0 0 rg BT 422.64 149.40 Td (relevant ) Tj ET Q q 0 0 0 rg BT 456.09 149.40 Td (facts ) Tj ET Q q 0 0 0 rg BT 476.54 149.40 Td (and ) Tj ET Q q 0 0 0 rg BT 492.99 149.40 Td (circumstances, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 138.60 Td (particularly ) Tj ET Q q 0 0 0 rg BT 105.47 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 120.93 138.60 Td (size ) Tj ET Q q 0 0 0 rg BT 139.89 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 150.35 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 165.82 138.60 Td (investor's ) Tj ET Q q 0 0 0 rg BT 206.50 138.60 Td (holding ) Tj ET Q q 0 0 0 rg BT 238.48 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 248.94 138.60 Td (voting ) Tj ET Q q 0 0 0 rg BT 275.91 138.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 300.87 138.60 Td (relative ) Tj ET Q q 0 0 0 rg BT 332.84 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 343.30 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 358.76 138.60 Td (size ) Tj ET Q q 0 0 0 rg BT 377.72 138.60 Td (and ) Tj ET Q q 0 0 0 rg BT 395.69 138.60 Td (dispersion ) Tj ET Q q 0 0 0 rg BT 439.67 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 450.13 138.60 Td (holdings ) Tj ET Q q 0 0 0 rg BT 486.61 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 497.06 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 512.53 138.60 Td (other ) Tj ET Q q 0 0 0 rg BT 536.00 138.60 Td (vote ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 127.80 Td (holders.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 106.20 Td (The ) Tj ET Q q 0 0 0 rg BT 76.75 106.20 Td (application ) Tj ET Q q 0 0 0 rg BT 122.03 106.20 Td (of ) Tj ET Q q 0 0 0 rg BT 131.78 106.20 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 154.52 106.20 Td (10 ) Tj ET Q q 0 0 0 rg BT 166.78 106.20 Td (has ) Tj ET Q q 0 0 0 rg BT 183.53 106.20 Td (not ) Tj ET Q q 0 0 0 rg BT 198.29 106.20 Td (af) Tj ET Q q 0 0 0 rg BT 205.63 106.20 Td (fected ) Tj ET Q q 0 0 0 rg BT 232.39 106.20 Td (the ) Tj ET Q q 0 0 0 rg BT 247.15 106.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 292.92 106.20 Td (for ) Tj ET Q q 0 0 0 rg BT 305.67 106.20 Td (the ) Tj ET Q q 0 0 0 rg BT 320.43 106.20 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 372.20 106.20 Td (as ) Tj ET Q q 0 0 0 rg BT 383.95 106.20 Td (the ) Tj ET Q q 0 0 0 rg BT 398.70 106.20 Td (directors ) Tj ET Q q 0 0 0 rg BT 435.46 106.20 Td (concluded ) Tj ET Q q 0 0 0 rg BT 478.73 106.20 Td (that ) Tj ET Q q 0 0 0 rg BT 495.99 106.20 Td (all ) Tj ET Q q 0 0 0 rg BT 507.24 106.20 Td (entities ) Tj ET Q q 0 0 0 rg BT 538.00 106.20 Td (that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 95.40 Td (were ) Tj ET Q q 0 0 0 rg BT 81.01 95.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 134.05 95.40 Td (still ) Tj ET Q q 0 0 0 rg BT 149.54 95.40 Td (met ) Tj ET Q q 0 0 0 rg BT 167.05 95.40 Td (the ) Tj ET Q q 0 0 0 rg BT 182.06 95.40 Td (criteria ) Tj ET Q q 0 0 0 rg BT 211.56 95.40 Td (for ) Tj ET Q q 0 0 0 rg BT 224.57 95.40 Td (the ) Tj ET Q q 0 0 0 rg BT 239.58 95.40 Td (new ) Tj ET Q q 0 0 0 rg BT 258.59 95.40 Td (definition ) Tj ET Q q 0 0 0 rg BT 297.12 95.40 Td (of ) Tj ET Q q 0 0 0 rg BT 307.12 95.40 Td (control ) Tj ET Q q 0 0 0 rg BT 336.64 95.40 Td (and ) Tj ET Q q 0 0 0 rg BT 354.15 95.40 Td (need ) Tj ET Q q 0 0 0 rg BT 376.68 95.40 Td (to ) Tj ET Q q 0 0 0 rg BT 386.68 95.40 Td (be ) Tj ET Q q 0 0 0 rg BT 399.19 95.40 Td (consolidated.) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 30) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 694.75 Td (Impact ) Tj ET Q q 0.2 0 0.6 rg BT 94.01 694.75 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 106.23 694.75 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 124.00 694.75 Td (application ) Tj ET Q q 0.2 0 0.6 rg BT 179.57 694.75 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 191.78 694.75 Td (IFRS ) Tj ET Q q 0.2 0 0.6 rg BT 217.34 694.75 Td (1) Tj ET Q q 0.2 0 0.6 rg BT 222.35 694.75 Td (1) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 673.15 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 82.21 673.15 Td (1) Tj ET Q q 0 0 0 rg BT 86.55 673.15 Td (1 ) Tj ET Q q 0 0 0 rg BT 94.26 673.15 Td (replaces ) Tj ET Q q 0 0 0 rg BT 130.99 673.15 Td (IAS ) Tj ET Q q 0 0 0 rg BT 148.21 673.15 Td (31 ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 160.93 673.15 Td (Interests ) Tj ET Q q 0 0 0 rg BT 198.15 673.15 Td (in ) Tj ET Q q 0 0 0 rg BT 207.86 673.15 Td (Joint ) Tj ET Q q 0 0 0 rg BT 229.58 673.15 Td (V) Tj ET Q q 0 0 0 rg BT 235.25 673.15 Td (entures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 265.27 673.15 Td ( ) Tj ET Q q 0 0 0 rg BT 267.98 673.15 Td (and ) Tj ET Q q 0 0 0 rg BT 285.71 673.15 Td (SIC-13 ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 316.43 673.15 Td (Jointly ) Tj ET Q q 0 0 0 rg BT 344.65 673.15 Td (Controlled ) Tj ET Q q 0 0 0 rg BT 388.38 673.15 Td (Entities ) Tj ET Q q 0 0 0 rg BT 420.60 673.15 Td ( ) Tj ET Q q 0 0 0 rg BT 428.32 673.15 Td (Non ) Tj ET Q q 0 0 0 rg BT 447.54 673.15 Td (Monetary ) Tj ET Q q 0 0 0 rg BT 487.76 673.15 Td (Contributions ) Tj ET Q q 0 0 0 rg BT 543.50 673.15 Td (by ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 59.00 662.35 Td (V) Tj ET Q q 0 0 0 rg BT 64.67 662.35 Td (enturers) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.69 662.35 Td (. ) Tj ET Q q 0 0 0 rg BT 103.05 662.35 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 126.41 662.35 Td (1) Tj ET Q q 0 0 0 rg BT 130.75 662.35 Td (1 ) Tj ET Q q 0 0 0 rg BT 138.62 662.35 Td (deals ) Tj ET Q q 0 0 0 rg BT 163.00 662.35 Td (with ) Tj ET Q q 0 0 0 rg BT 181.87 662.35 Td (how ) Tj ET Q q 0 0 0 rg BT 201.24 662.35 Td (a ) Tj ET Q q 0 0 0 rg BT 209.11 662.35 Td (joint ) Tj ET Q q 0 0 0 rg BT 228.48 662.35 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 282.37 662.35 Td (of ) Tj ET Q q 0 0 0 rg BT 292.74 662.35 Td (which ) Tj ET Q q 0 0 0 rg BT 318.62 662.35 Td (two ) Tj ET Q q 0 0 0 rg BT 335.48 662.35 Td (or ) Tj ET Q q 0 0 0 rg BT 346.35 662.35 Td (more ) Tj ET Q q 0 0 0 rg BT 369.72 662.35 Td (parties ) Tj ET Q q 0 0 0 rg BT 399.60 662.35 Td (have ) Tj ET Q q 0 0 0 rg BT 421.97 662.35 Td (joint ) Tj ET Q q 0 0 0 rg BT 441.35 662.35 Td (control ) Tj ET Q q 0 0 0 rg BT 471.22 662.35 Td (should ) Tj ET Q q 0 0 0 rg BT 500.61 662.35 Td (be ) Tj ET Q q 0 0 0 rg BT 513.48 662.35 Td (classified. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 651.55 Td (Under ) Tj ET Q q 0 0 0 rg BT 86.49 651.55 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 109.97 651.55 Td (1) Tj ET Q q 0 0 0 rg BT 114.31 651.55 Td (1, ) Tj ET Q q 0 0 0 rg BT 124.80 651.55 Td (there ) Tj ET Q q 0 0 0 rg BT 148.29 651.55 Td (are ) Tj ET Q q 0 0 0 rg BT 164.28 651.55 Td (only ) Tj ET Q q 0 0 0 rg BT 183.77 651.55 Td (two ) Tj ET Q q 0 0 0 rg BT 200.76 651.55 Td (types ) Tj ET Q q 0 0 0 rg BT 225.25 651.55 Td (of ) Tj ET Q q 0 0 0 rg BT 235.73 651.55 Td (joint ) Tj ET Q q 0 0 0 rg BT 255.23 651.55 Td (arrangement: ) Tj ET Q q 0 0 0 rg BT 311.74 651.55 Td (joint ) Tj ET Q q 0 0 0 rg BT 331.23 651.55 Td (operations ) Tj ET Q q 0 0 0 rg BT 376.24 651.55 Td (and ) Tj ET Q q 0 0 0 rg BT 394.23 651.55 Td (joint ) Tj ET Q q 0 0 0 rg BT 413.72 651.55 Td (ventures. ) Tj ET Q q 0 0 0 rg BT 453.53 651.55 Td (The ) Tj ET Q q 0 0 0 rg BT 472.02 651.55 Td (classification ) Tj ET Q q 0 0 0 rg BT 526.02 651.55 Td (of ) Tj ET Q q 0 0 0 rg BT 536.51 651.55 Td (joint ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 640.75 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 115.84 640.75 Td (under ) Tj ET Q q 0 0 0 rg BT 140.17 640.75 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 161.98 640.75 Td (1) Tj ET Q q 0 0 0 rg BT 166.32 640.75 Td (1 ) Tj ET Q q 0 0 0 rg BT 172.63 640.75 Td (is ) Tj ET Q q 0 0 0 rg BT 180.44 640.75 Td (determined ) Tj ET Q q 0 0 0 rg BT 226.78 640.75 Td (based ) Tj ET Q q 0 0 0 rg BT 252.61 640.75 Td (on ) Tj ET Q q 0 0 0 rg BT 263.93 640.75 Td (the ) Tj ET Q q 0 0 0 rg BT 277.75 640.75 Td (rights ) Tj ET Q q 0 0 0 rg BT 301.07 640.75 Td (and ) Tj ET Q q 0 0 0 rg BT 317.40 640.75 Td (obligations ) Tj ET Q q 0 0 0 rg BT 361.74 640.75 Td (of ) Tj ET Q q 0 0 0 rg BT 370.55 640.75 Td (parties ) Tj ET Q q 0 0 0 rg BT 398.88 640.75 Td (to ) Tj ET Q q 0 0 0 rg BT 407.69 640.75 Td (the ) Tj ET Q q 0 0 0 rg BT 421.51 640.75 Td (joint ) Tj ET Q q 0 0 0 rg BT 439.33 640.75 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 496.17 640.75 Td (by ) Tj ET Q q 0 0 0 rg BT 506.99 640.75 Td (considering ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 629.95 Td (the ) Tj ET Q q 0 0 0 rg BT 74.16 629.95 Td (structure, ) Tj ET Q q 0 0 0 rg BT 114.31 629.95 Td (the ) Tj ET Q q 0 0 0 rg BT 129.47 629.95 Td (legal ) Tj ET Q q 0 0 0 rg BT 151.13 629.95 Td (form ) Tj ET Q q 0 0 0 rg BT 171.77 629.95 Td (of ) Tj ET Q q 0 0 0 rg BT 181.92 629.95 Td (the ) Tj ET Q q 0 0 0 rg BT 197.08 629.95 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 257.75 629.95 Td (the ) Tj ET Q q 0 0 0 rg BT 272.91 629.95 Td (contractual ) Tj ET Q q 0 0 0 rg BT 319.58 629.95 Td (terms ) Tj ET Q q 0 0 0 rg BT 344.72 629.95 Td (agreed ) Tj ET Q q 0 0 0 rg BT 375.39 629.95 Td (by ) Tj ET Q q 0 0 0 rg BT 387.54 629.95 Td (the ) Tj ET Q q 0 0 0 rg BT 402.70 629.95 Td (parties ) Tj ET Q q 0 0 0 rg BT 432.35 629.95 Td (to ) Tj ET Q q 0 0 0 rg BT 442.50 629.95 Td (the ) Tj ET Q q 0 0 0 rg BT 457.66 629.95 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 511.33 629.95 Td (and, ) Tj ET Q q 0 0 0 rg BT 531.49 629.95 Td (when ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 619.15 Td (relevant, ) Tj ET Q q 0 0 0 rg BT 96.03 619.15 Td (other ) Tj ET Q q 0 0 0 rg BT 119.06 619.15 Td (facts ) Tj ET Q q 0 0 0 rg BT 140.58 619.15 Td (and ) Tj ET Q q 0 0 0 rg BT 158.11 619.15 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 220.14 619.15 Td (A) Tj ET Q q 0 0 0 rg BT 225.64 619.15 Td ( ) Tj ET Q q 0 0 0 rg BT 228.15 619.15 Td (joint ) Tj ET Q q 0 0 0 rg BT 247.18 619.15 Td (operation ) Tj ET Q q 0 0 0 rg BT 287.22 619.15 Td (is ) Tj ET Q q 0 0 0 rg BT 296.23 619.15 Td (a ) Tj ET Q q 0 0 0 rg BT 303.75 619.15 Td (joint ) Tj ET Q q 0 0 0 rg BT 322.77 619.15 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 376.31 619.15 Td (whereby ) Tj ET Q q 0 0 0 rg BT 412.85 619.15 Td (the ) Tj ET Q q 0 0 0 rg BT 427.87 619.15 Td (parties ) Tj ET Q q 0 0 0 rg BT 457.40 619.15 Td (that ) Tj ET Q q 0 0 0 rg BT 474.92 619.15 Td (have ) Tj ET Q q 0 0 0 rg BT 496.95 619.15 Td (joint ) Tj ET Q q 0 0 0 rg BT 515.97 619.15 Td (control ) Tj ET Q q 0 0 0 rg BT 545.50 619.15 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 608.35 Td (the ) Tj ET Q q 0 0 0 rg BT 74.00 608.35 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 127.51 608.35 Td (\(i.e. ) Tj ET Q q 0 0 0 rg BT 145.00 608.35 Td (joint ) Tj ET Q q 0 0 0 rg BT 164.00 608.35 Td (operators\) ) Tj ET Q q 0 0 0 rg BT 207.50 608.35 Td (have ) Tj ET Q q 0 0 0 rg BT 229.50 608.35 Td (rights ) Tj ET Q q 0 0 0 rg BT 254.00 608.35 Td (to ) Tj ET Q q 0 0 0 rg BT 263.99 608.35 Td (the ) Tj ET Q q 0 0 0 rg BT 278.99 608.35 Td (assets ) Tj ET Q q 0 0 0 rg BT 307.48 608.35 Td (and ) Tj ET Q q 0 0 0 rg BT 324.98 608.35 Td (obligations ) Tj ET Q q 0 0 0 rg BT 370.50 608.35 Td (for ) Tj ET Q q 0 0 0 rg BT 383.49 608.35 Td (the ) Tj ET Q q 0 0 0 rg BT 398.49 608.35 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 434.99 608.35 Td (relating ) Tj ET Q q 0 0 0 rg BT 466.99 608.35 Td (to ) Tj ET Q q 0 0 0 rg BT 476.98 608.35 Td (the ) Tj ET Q q 0 0 0 rg BT 491.98 608.35 Td (arrangement. ) Tj ET Q q 0 0 0 rg BT 547.50 608.35 Td (A) Tj ET Q q 0 0 0 rg BT 553.01 608.35 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 597.55 Td (joint ) Tj ET Q q 0 0 0 rg BT 78.36 597.55 Td (venture ) Tj ET Q q 0 0 0 rg BT 111.24 597.55 Td (is ) Tj ET Q q 0 0 0 rg BT 120.59 597.55 Td (a ) Tj ET Q q 0 0 0 rg BT 128.45 597.55 Td (joint ) Tj ET Q q 0 0 0 rg BT 147.82 597.55 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 201.70 597.55 Td (whereby ) Tj ET Q q 0 0 0 rg BT 238.57 597.55 Td (the ) Tj ET Q q 0 0 0 rg BT 253.94 597.55 Td (parties ) Tj ET Q q 0 0 0 rg BT 283.81 597.55 Td (that ) Tj ET Q q 0 0 0 rg BT 301.67 597.55 Td (have ) Tj ET Q q 0 0 0 rg BT 324.04 597.55 Td (joint ) Tj ET Q q 0 0 0 rg BT 343.41 597.55 Td (control ) Tj ET Q q 0 0 0 rg BT 373.28 597.55 Td (of ) Tj ET Q q 0 0 0 rg BT 383.64 597.55 Td (the ) Tj ET Q q 0 0 0 rg BT 399.00 597.55 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 452.89 597.55 Td (\(i.e. ) Tj ET Q q 0 0 0 rg BT 470.74 597.55 Td (joint ) Tj ET Q q 0 0 0 rg BT 490.11 597.55 Td (venturers\) ) Tj ET Q q 0 0 0 rg BT 533.48 597.55 Td (have ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 586.75 Td (rights ) Tj ET Q q 0 0 0 rg BT 83.07 586.75 Td (to ) Tj ET Q q 0 0 0 rg BT 92.64 586.75 Td (the ) Tj ET Q q 0 0 0 rg BT 107.21 586.75 Td (net ) Tj ET Q q 0 0 0 rg BT 121.78 586.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 149.86 586.75 Td (of ) Tj ET Q q 0 0 0 rg BT 159.43 586.75 Td (the ) Tj ET Q q 0 0 0 rg BT 174.00 586.75 Td (arrangement. ) Tj ET Q q 0 0 0 rg BT 229.59 586.75 Td (Previously) Tj ET Q q 0 0 0 rg BT 270.44 586.75 Td (, ) Tj ET Q q 0 0 0 rg BT 275.00 586.75 Td (IAS ) Tj ET Q q 0 0 0 rg BT 291.57 586.75 Td (31 ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 303.64 586.75 Td (Interests ) Tj ET Q q 0 0 0 rg BT 340.22 586.75 Td (in ) Tj ET Q q 0 0 0 rg BT 349.28 586.75 Td (Joint ) Tj ET Q q 0 0 0 rg BT 370.36 586.75 Td (V) Tj ET Q q 0 0 0 rg BT 376.03 586.75 Td (entures ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.11 586.75 Td (had ) Tj ET Q q 0 0 0 rg BT 425.19 586.75 Td (three ) Tj ET Q q 0 0 0 rg BT 447.76 586.75 Td (types ) Tj ET Q q 0 0 0 rg BT 471.33 586.75 Td (of ) Tj ET Q q 0 0 0 rg BT 480.90 586.75 Td (joint ) Tj ET Q q 0 0 0 rg BT 499.47 586.75 Td (arrangement: ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 575.95 Td (jointly ) Tj ET Q q 0 0 0 rg BT 85.26 575.95 Td (controlled ) Tj ET Q q 0 0 0 rg BT 127.53 575.95 Td (entities, ) Tj ET Q q 0 0 0 rg BT 161.79 575.95 Td (jointly ) Tj ET Q q 0 0 0 rg BT 188.05 575.95 Td (controlled ) Tj ET Q q 0 0 0 rg BT 230.32 575.95 Td (operations ) Tj ET Q q 0 0 0 rg BT 275.60 575.95 Td (and ) Tj ET Q q 0 0 0 rg BT 293.86 575.95 Td (jointly ) Tj ET Q q 0 0 0 rg BT 320.12 575.95 Td (controlled ) Tj ET Q q 0 0 0 rg BT 362.39 575.95 Td (assets. ) Tj ET Q q 0 0 0 rg BT 393.94 575.95 Td (The ) Tj ET Q q 0 0 0 rg BT 412.69 575.95 Td (classification ) Tj ET Q q 0 0 0 rg BT 466.96 575.95 Td (of ) Tj ET Q q 0 0 0 rg BT 477.72 575.95 Td (joint ) Tj ET Q q 0 0 0 rg BT 497.47 575.95 Td (arrangements ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 565.15 Td (under ) Tj ET Q q 0 0 0 rg BT 83.43 565.15 Td (IAS31 ) Tj ET Q q 0 0 0 rg BT 111.85 565.15 Td (was ) Tj ET Q q 0 0 0 rg BT 129.26 565.15 Td (primarily ) Tj ET Q q 0 0 0 rg BT 164.67 565.15 Td (determined ) Tj ET Q q 0 0 0 rg BT 211.10 565.15 Td (based ) Tj ET Q q 0 0 0 rg BT 237.03 565.15 Td (on ) Tj ET Q q 0 0 0 rg BT 248.45 565.15 Td (the ) Tj ET Q q 0 0 0 rg BT 262.37 565.15 Td (legal ) Tj ET Q q 0 0 0 rg BT 282.79 565.15 Td (form ) Tj ET Q q 0 0 0 rg BT 302.19 565.15 Td (of ) Tj ET Q q 0 0 0 rg BT 311.11 565.15 Td (the ) Tj ET Q q 0 0 0 rg BT 325.02 565.15 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 377.46 565.15 Td (\(e.g. ) Tj ET Q q 0 0 0 rg BT 396.88 565.15 Td (a ) Tj ET Q q 0 0 0 rg BT 403.29 565.15 Td (joint ) Tj ET Q q 0 0 0 rg BT 421.21 565.15 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 473.64 565.15 Td (that ) Tj ET Q q 0 0 0 rg BT 490.06 565.15 Td (was ) Tj ET Q q 0 0 0 rg BT 507.47 565.15 Td (established ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 554.35 Td (through ) Tj ET Q q 0 0 0 rg BT 92.02 554.35 Td (a ) Tj ET Q q 0 0 0 rg BT 99.53 554.35 Td (separate ) Tj ET Q q 0 0 0 rg BT 137.06 554.35 Td (entity ) Tj ET Q q 0 0 0 rg BT 161.07 554.35 Td (was ) Tj ET Q q 0 0 0 rg BT 179.57 554.35 Td (accounted ) Tj ET Q q 0 0 0 rg BT 223.61 554.35 Td (for ) Tj ET Q q 0 0 0 rg BT 236.61 554.35 Td (as ) Tj ET Q q 0 0 0 rg BT 248.62 554.35 Td (a ) Tj ET Q q 0 0 0 rg BT 256.12 554.35 Td (jointly ) Tj ET Q q 0 0 0 rg BT 281.63 554.35 Td (controlled ) Tj ET Q q 0 0 0 rg BT 323.16 554.35 Td (entity\).) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 532.75 Td (The ) Tj ET Q q 0 0 0 rg BT 77.06 532.75 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 126.15 532.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 172.23 532.75 Td (of ) Tj ET Q q 0 0 0 rg BT 182.29 532.75 Td (joint ) Tj ET Q q 0 0 0 rg BT 201.35 532.75 Td (ventures ) Tj ET Q q 0 0 0 rg BT 238.42 532.75 Td (and ) Tj ET Q q 0 0 0 rg BT 255.99 532.75 Td (joint ) Tj ET Q q 0 0 0 rg BT 275.05 532.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 319.64 532.75 Td (is ) Tj ET Q q 0 0 0 rg BT 328.69 532.75 Td (dif) Tj ET Q q 0 0 0 rg BT 338.03 532.75 Td (ferent. ) Tj ET Q q 0 0 0 rg BT 366.10 532.75 Td (Investments ) Tj ET Q q 0 0 0 rg BT 417.17 532.75 Td (in ) Tj ET Q q 0 0 0 rg BT 426.72 532.75 Td (joint ) Tj ET Q q 0 0 0 rg BT 445.79 532.75 Td (ventures ) Tj ET Q q 0 0 0 rg BT 482.86 532.75 Td (are ) Tj ET Q q 0 0 0 rg BT 498.42 532.75 Td (accounted ) Tj ET Q q 0 0 0 rg BT 542.50 532.75 Td (for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 521.95 Td (using ) Tj ET Q q 0 0 0 rg BT 83.06 521.95 Td (the ) Tj ET Q q 0 0 0 rg BT 98.12 521.95 Td (equity ) Tj ET Q q 0 0 0 rg BT 124.68 521.95 Td (method ) Tj ET Q q 0 0 0 rg BT 157.24 521.95 Td (\(proportionate ) Tj ET Q q 0 0 0 rg BT 215.82 521.95 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 270.90 521.95 Td (is ) Tj ET Q q 0 0 0 rg BT 279.94 521.95 Td (no ) Tj ET Q q 0 0 0 rg BT 292.50 521.95 Td (longer ) Tj ET Q q 0 0 0 rg BT 320.06 521.95 Td (allowed\). ) Tj ET Q q 0 0 0 rg BT 358.62 521.95 Td (Investments ) Tj ET Q q 0 0 0 rg BT 409.69 521.95 Td (in ) Tj ET Q q 0 0 0 rg BT 419.24 521.95 Td (joint ) Tj ET Q q 0 0 0 rg BT 438.29 521.95 Td (operations ) Tj ET Q q 0 0 0 rg BT 482.87 521.95 Td (are ) Tj ET Q q 0 0 0 rg BT 498.42 521.95 Td (accounted ) Tj ET Q q 0 0 0 rg BT 542.50 521.95 Td (for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 511.15 Td (such ) Tj ET Q q 0 0 0 rg BT 80.58 511.15 Td (that ) Tj ET Q q 0 0 0 rg BT 98.16 511.15 Td (each ) Tj ET Q q 0 0 0 rg BT 120.24 511.15 Td (joint ) Tj ET Q q 0 0 0 rg BT 139.32 511.15 Td (operator ) Tj ET Q q 0 0 0 rg BT 175.41 511.15 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 221.50 511.15 Td (and ) Tj ET Q q 0 0 0 rg BT 239.08 511.15 Td (measures ) Tj ET Q q 0 0 0 rg BT 281.17 511.15 Td (the ) Tj ET Q q 0 0 0 rg BT 296.25 511.15 Td (assets ) Tj ET Q q 0 0 0 rg BT 324.83 511.15 Td (and ) Tj ET Q q 0 0 0 rg BT 342.41 511.15 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 378.99 511.15 Td (\(and ) Tj ET Q q 0 0 0 rg BT 399.57 511.15 Td (the ) Tj ET Q q 0 0 0 rg BT 414.65 511.15 Td (related ) Tj ET Q q 0 0 0 rg BT 444.74 511.15 Td (revenues ) Tj ET Q q 0 0 0 rg BT 484.33 511.15 Td (and ) Tj ET Q q 0 0 0 rg BT 501.91 511.15 Td (expenses\) ) Tj ET Q q 0 0 0 rg BT 546.01 511.15 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 500.35 Td (relation ) Tj ET Q q 0 0 0 rg BT 91.02 500.35 Td (to ) Tj ET Q q 0 0 0 rg BT 101.02 500.35 Td (its ) Tj ET Q q 0 0 0 rg BT 112.53 500.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 144.54 500.35 Td (in ) Tj ET Q q 0 0 0 rg BT 154.04 500.35 Td (the ) Tj ET Q q 0 0 0 rg BT 169.06 500.35 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 222.59 500.35 Td (in ) Tj ET Q q 0 0 0 rg BT 232.09 500.35 Td (accordance ) Tj ET Q q 0 0 0 rg BT 281.12 500.35 Td (with ) Tj ET Q q 0 0 0 rg BT 299.63 500.35 Td (the ) Tj ET Q q 0 0 0 rg BT 314.64 500.35 Td (applicable ) Tj ET Q q 0 0 0 rg BT 357.67 500.35 Td (Standards.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 478.75 Td (Upon ) Tj ET Q q 0 0 0 rg BT 83.54 478.75 Td (applying ) Tj ET Q q 0 0 0 rg BT 120.09 478.75 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 143.62 478.75 Td (1) Tj ET Q q 0 0 0 rg BT 147.95 478.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 158.48 478.75 Td (the ) Tj ET Q q 0 0 0 rg BT 174.02 478.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 224.07 478.75 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 263.11 478.75 Td (and ) Tj ET Q q 0 0 0 rg BT 281.15 478.75 Td (assessed ) Tj ET Q q 0 0 0 rg BT 322.20 478.75 Td (the ) Tj ET Q q 0 0 0 rg BT 337.73 478.75 Td (legal ) Tj ET Q q 0 0 0 rg BT 359.77 478.75 Td (form ) Tj ET Q q 0 0 0 rg BT 380.80 478.75 Td (and ) Tj ET Q q 0 0 0 rg BT 398.84 478.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 424.36 478.75 Td (of ) Tj ET Q q 0 0 0 rg BT 434.89 478.75 Td (the ) Tj ET Q q 0 0 0 rg BT 450.43 478.75 Td (contractual ) Tj ET Q q 0 0 0 rg BT 497.48 478.75 Td (arrangements ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 467.95 Td (related ) Tj ET Q q 0 0 0 rg BT 88.89 467.95 Td (to ) Tj ET Q q 0 0 0 rg BT 98.77 467.95 Td (the ) Tj ET Q q 0 0 0 rg BT 113.65 467.95 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 169.27 467.95 Td (investments ) Tj ET Q q 0 0 0 rg BT 219.66 467.95 Td (in ) Tj ET Q q 0 0 0 rg BT 229.04 467.95 Td (joint ) Tj ET Q q 0 0 0 rg BT 247.92 467.95 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 308.17 467.95 Td (The ) Tj ET Q q 0 0 0 rg BT 326.05 467.95 Td (application ) Tj ET Q q 0 0 0 rg BT 371.45 467.95 Td (of ) Tj ET Q q 0 0 0 rg BT 381.33 467.95 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 404.20 467.95 Td (1) Tj ET Q q 0 0 0 rg BT 408.54 467.95 Td (1 ) Tj ET Q q 0 0 0 rg BT 415.92 467.95 Td (has ) Tj ET Q q 0 0 0 rg BT 432.80 467.95 Td (changed ) Tj ET Q q 0 0 0 rg BT 469.70 467.95 Td (the ) Tj ET Q q 0 0 0 rg BT 484.59 467.95 Td (classification ) Tj ET Q q 0 0 0 rg BT 537.98 467.95 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 457.15 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 110.14 457.15 Td (accounting ) Tj ET Q q 0 0 0 rg BT 158.27 457.15 Td (of ) Tj ET Q q 0 0 0 rg BT 170.37 457.15 Td (the ) Tj ET Q q 0 0 0 rg BT 187.48 457.15 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 245.32 457.15 Td (investments ) Tj ET Q q 0 0 0 rg BT 297.94 457.15 Td (in ) Tj ET Q q 0 0 0 rg BT 309.54 457.15 Td (Umbata ) Tj ET Q q 0 0 0 rg BT 345.65 457.15 Td (Falls, ) Tj ET Q q 0 0 0 rg BT 371.75 457.15 Td (L.P) Tj ET Q q 0 0 0 rg BT 384.10 457.15 Td (. ) Tj ET Q q 0 0 0 rg BT 391.20 457.15 Td (and ) Tj ET Q q 0 0 0 rg BT 410.81 457.15 Td (Parc ) Tj ET Q q 0 0 0 rg BT 433.91 457.15 Td (olien ) Tj ET Q q 0 0 0 rg BT 462.53 457.15 Td (communautaire ) Tj ET Q q 0 0 0 rg BT 529.16 457.15 Td (V) Tj ET Q q 0 0 0 rg BT 535.00 457.15 Td (iger-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 446.35 Td (Denonville,s.e.c. ) Tj ET Q q 0 0 0 rg BT 130.58 446.35 Td ( ) Tj ET Q q 0 0 0 rg BT 133.64 446.35 Td (\(''V) Tj ET Q q 0 0 0 rg BT 145.91 446.35 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 211.49 446.35 Td (L.P) Tj ET Q q 0 0 0 rg BT 223.84 446.35 Td (.''\), ) Tj ET Q q 0 0 0 rg BT 238.32 446.35 Td (which ) Tj ET Q q 0 0 0 rg BT 264.39 446.35 Td (were ) Tj ET Q q 0 0 0 rg BT 286.94 446.35 Td (classified ) Tj ET Q q 0 0 0 rg BT 327.01 446.35 Td (as ) Tj ET Q q 0 0 0 rg BT 339.57 446.35 Td (jointly ) Tj ET Q q 0 0 0 rg BT 365.63 446.35 Td (controlled ) Tj ET Q q 0 0 0 rg BT 407.70 446.35 Td (entities ) Tj ET Q q 0 0 0 rg BT 439.27 446.35 Td (under ) Tj ET Q q 0 0 0 rg BT 465.34 446.35 Td (the ) Tj ET Q q 0 0 0 rg BT 480.90 446.35 Td (previous ) Tj ET Q q 0 0 0 rg BT 517.97 446.35 Td (standard ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 435.55 Td (and ) Tj ET Q q 0 0 0 rg BT 75.72 435.55 Td (were ) Tj ET Q q 0 0 0 rg BT 96.92 435.55 Td (accounted ) Tj ET Q q 0 0 0 rg BT 140.16 435.55 Td (for ) Tj ET Q q 0 0 0 rg BT 152.36 435.55 Td (using ) Tj ET Q q 0 0 0 rg BT 175.58 435.55 Td (the ) Tj ET Q q 0 0 0 rg BT 189.79 435.55 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 244.53 435.55 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 298.77 435.55 Td (method. ) Tj ET Q q 0 0 0 rg BT 332.99 435.55 Td (Under ) Tj ET Q q 0 0 0 rg BT 359.20 435.55 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 381.40 435.55 Td (1) Tj ET Q q 0 0 0 rg BT 385.74 435.55 Td (1, ) Tj ET Q q 0 0 0 rg BT 394.94 435.55 Td (Umbata ) Tj ET Q q 0 0 0 rg BT 428.16 435.55 Td (Falls, ) Tj ET Q q 0 0 0 rg BT 451.36 435.55 Td (L.P) Tj ET Q q 0 0 0 rg BT 463.71 435.55 Td (. ) Tj ET Q q 0 0 0 rg BT 467.91 435.55 Td (and ) Tj ET Q q 0 0 0 rg BT 484.63 435.55 Td (V) Tj ET Q q 0 0 0 rg BT 490.47 435.55 Td (iger-Denonville, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 424.75 Td (L.P) Tj ET Q q 0 0 0 rg BT 71.35 424.75 Td (. ) Tj ET Q q 0 0 0 rg BT 76.58 424.75 Td (are ) Tj ET Q q 0 0 0 rg BT 92.32 424.75 Td (treated ) Tj ET Q q 0 0 0 rg BT 123.08 424.75 Td (as ) Tj ET Q q 0 0 0 rg BT 135.32 424.75 Td (joint ) Tj ET Q q 0 0 0 rg BT 154.56 424.75 Td (ventures ) Tj ET Q q 0 0 0 rg BT 191.81 424.75 Td (and ) Tj ET Q q 0 0 0 rg BT 209.56 424.75 Td (the ) Tj ET Q q 0 0 0 rg BT 224.81 424.75 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 280.79 424.75 Td (interests ) Tj ET Q q 0 0 0 rg BT 317.54 424.75 Td (into ) Tj ET Q q 0 0 0 rg BT 334.78 424.75 Td (them ) Tj ET Q q 0 0 0 rg BT 357.52 424.75 Td (are ) Tj ET Q q 0 0 0 rg BT 373.26 424.75 Td (required ) Tj ET Q q 0 0 0 rg BT 409.02 424.75 Td (to ) Tj ET Q q 0 0 0 rg BT 419.26 424.75 Td (be ) Tj ET Q q 0 0 0 rg BT 432.00 424.75 Td (accounted ) Tj ET Q q 0 0 0 rg BT 476.27 424.75 Td (for ) Tj ET Q q 0 0 0 rg BT 489.51 424.75 Td (using ) Tj ET Q q 0 0 0 rg BT 513.76 424.75 Td (the ) Tj ET Q q 0 0 0 rg BT 529.00 424.75 Td (equity ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 413.95 Td (method.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 392.35 Td (The ) Tj ET Q q 0 0 0 rg BT 77.16 392.35 Td (change ) Tj ET Q q 0 0 0 rg BT 109.33 392.35 Td (in ) Tj ET Q q 0 0 0 rg BT 118.98 392.35 Td (accounting ) Tj ET Q q 0 0 0 rg BT 165.16 392.35 Td (of ) Tj ET Q q 0 0 0 rg BT 175.31 392.35 Td (the ) Tj ET Q q 0 0 0 rg BT 190.47 392.35 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 246.36 392.35 Td (investment ) Tj ET Q q 0 0 0 rg BT 292.53 392.35 Td (in ) Tj ET Q q 0 0 0 rg BT 302.18 392.35 Td (Umbata ) Tj ET Q q 0 0 0 rg BT 336.34 392.35 Td (Falls, ) Tj ET Q q 0 0 0 rg BT 360.49 392.35 Td (L.P) Tj ET Q q 0 0 0 rg BT 372.84 392.35 Td (. ) Tj ET Q q 0 0 0 rg BT 377.99 392.35 Td (and ) Tj ET Q q 0 0 0 rg BT 395.65 392.35 Td (V) Tj ET Q q 0 0 0 rg BT 401.49 392.35 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 466.67 392.35 Td (L.P) Tj ET Q q 0 0 0 rg BT 479.01 392.35 Td (. ) Tj ET Q q 0 0 0 rg BT 484.16 392.35 Td (has ) Tj ET Q q 0 0 0 rg BT 501.32 392.35 Td (been ) Tj ET Q q 0 0 0 rg BT 523.99 392.35 Td (applied ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 381.55 Td (in ) Tj ET Q q 0 0 0 rg BT 67.79 381.55 Td (accordance ) Tj ET Q q 0 0 0 rg BT 116.10 381.55 Td (with ) Tj ET Q q 0 0 0 rg BT 133.88 381.55 Td (the ) Tj ET Q q 0 0 0 rg BT 148.18 381.55 Td (relevant ) Tj ET Q q 0 0 0 rg BT 181.98 381.55 Td (transitional ) Tj ET Q q 0 0 0 rg BT 227.28 381.55 Td (provisions. ) Tj ET Q q 0 0 0 rg BT 271.96 381.55 Td (The ) Tj ET Q q 0 0 0 rg BT 289.25 381.55 Td (initial ) Tj ET Q q 0 0 0 rg BT 311.54 381.55 Td (investment ) Tj ET Q q 0 0 0 rg BT 356.84 381.55 Td (as ) Tj ET Q q 0 0 0 rg BT 368.13 381.55 Td (at ) Tj ET Q q 0 0 0 rg BT 377.42 381.55 Td (January ) Tj ET Q q 0 0 0 rg BT 411.22 381.55 Td (1, ) Tj ET Q q 0 0 0 rg BT 420.50 381.55 Td (2012, ) Tj ET Q q 0 0 0 rg BT 444.81 381.55 Td (for ) Tj ET Q q 0 0 0 rg BT 457.09 381.55 Td (the ) Tj ET Q q 0 0 0 rg BT 471.38 381.55 Td (purposes ) Tj ET Q q 0 0 0 rg BT 510.19 381.55 Td (of ) Tj ET Q q 0 0 0 rg BT 519.48 381.55 Td (applying ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 370.75 Td (the ) Tj ET Q q 0 0 0 rg BT 73.87 370.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 100.25 370.75 Td (method ) Tj ET Q q 0 0 0 rg BT 132.63 370.75 Td (is ) Tj ET Q q 0 0 0 rg BT 141.49 370.75 Td (measured ) Tj ET Q q 0 0 0 rg BT 183.87 370.75 Td (as ) Tj ET Q q 0 0 0 rg BT 195.74 370.75 Td (the ) Tj ET Q q 0 0 0 rg BT 210.61 370.75 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 253.51 370.75 Td (of ) Tj ET Q q 0 0 0 rg BT 263.38 370.75 Td (the ) Tj ET Q q 0 0 0 rg BT 278.25 370.75 Td (carrying ) Tj ET Q q 0 0 0 rg BT 312.62 370.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 349.50 370.75 Td (of ) Tj ET Q q 0 0 0 rg BT 359.37 370.75 Td (the ) Tj ET Q q 0 0 0 rg BT 374.24 370.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 402.61 370.75 Td (and ) Tj ET Q q 0 0 0 rg BT 419.99 370.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 456.37 370.75 Td (that ) Tj ET Q q 0 0 0 rg BT 473.74 370.75 Td (the ) Tj ET Q q 0 0 0 rg BT 488.61 370.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 538.00 370.75 Td (had ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 359.95 Td (previously ) Tj ET Q q 0 0 0 rg BT 101.89 359.95 Td (proportionately ) Tj ET Q q 0 0 0 rg BT 163.81 359.95 Td (consolidated. ) Tj ET Q q 0 0 0 rg BT 219.22 359.95 Td (Such ) Tj ET Q q 0 0 0 rg BT 242.11 359.95 Td (a ) Tj ET Q q 0 0 0 rg BT 249.49 359.95 Td (change ) Tj ET Q q 0 0 0 rg BT 281.39 359.95 Td (in ) Tj ET Q q 0 0 0 rg BT 290.77 359.95 Td (accounting ) Tj ET Q q 0 0 0 rg BT 336.68 359.95 Td (has ) Tj ET Q q 0 0 0 rg BT 353.57 359.95 Td (af) Tj ET Q q 0 0 0 rg BT 360.91 359.95 Td (fected ) Tj ET Q q 0 0 0 rg BT 387.81 359.95 Td (the ) Tj ET Q q 0 0 0 rg BT 402.69 359.95 Td (amounts ) Tj ET Q q 0 0 0 rg BT 439.59 359.95 Td (reported ) Tj ET Q q 0 0 0 rg BT 475.49 359.95 Td (in ) Tj ET Q q 0 0 0 rg BT 484.87 359.95 Td (the ) Tj ET Q q 0 0 0 rg BT 499.75 359.95 Td (Corporation's ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 349.15 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 112.04 349.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 147.56 349.15 Td (statements.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 327.55 Td ( ) Tj ET Q q 0 0 0 rg BT 61.34 327.55 Td (All ) Tj ET Q q 0 0 0 rg BT 74.25 327.55 Td (comparative ) Tj ET Q q 0 0 0 rg BT 126.19 327.55 Td (figures ) Tj ET Q q 0 0 0 rg BT 156.12 327.55 Td (for ) Tj ET Q q 0 0 0 rg BT 169.53 327.55 Td (the ) Tj ET Q q 0 0 0 rg BT 184.96 327.55 Td (year ) Tj ET Q q 0 0 0 rg BT 205.38 327.55 Td (ended ) Tj ET Q q 0 0 0 rg BT 233.32 327.55 Td (December31, ) Tj ET Q q 0 0 0 rg BT 292.76 327.55 Td (2012, ) Tj ET Q q 0 0 0 rg BT 318.20 327.55 Td (and ) Tj ET Q q 0 0 0 rg BT 336.13 327.55 Td (December31, ) Tj ET Q q 0 0 0 rg BT 395.57 327.55 Td (201) Tj ET Q q 0 0 0 rg BT 409.92 327.55 Td (1, ) Tj ET Q q 0 0 0 rg BT 420.34 327.55 Td (have ) Tj ET Q q 0 0 0 rg BT 442.77 327.55 Td (been ) Tj ET Q q 0 0 0 rg BT 465.71 327.55 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 502.65 327.55 Td (to ) Tj ET Q q 0 0 0 rg BT 513.07 327.55 Td (reflect ) Tj ET Q q 0 0 0 rg BT 540.49 327.55 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 316.75 Td (presentation ) Tj ET Q q 0 0 0 rg BT 111.04 316.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 147.56 316.75 Td (arising ) Tj ET Q q 0 0 0 rg BT 176.58 316.75 Td (from ) Tj ET Q q 0 0 0 rg BT 197.08 316.75 Td (application ) Tj ET Q q 0 0 0 rg BT 242.61 316.75 Td (of ) Tj ET Q q 0 0 0 rg BT 252.61 316.75 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 275.62 316.75 Td (1) Tj ET Q q 0 0 0 rg BT 279.95 316.75 Td (1.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 293.95 Td (Impact ) Tj ET Q q 0.2 0 0.6 rg BT 94.01 293.95 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 106.23 293.95 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 124.00 293.95 Td (application ) Tj ET Q q 0.2 0 0.6 rg BT 179.57 293.95 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 191.78 293.95 Td (IFRS ) Tj ET Q q 0.2 0 0.6 rg BT 217.34 293.95 Td (12) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 272.35 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 81.49 272.35 Td (12 ) Tj ET Q q 0 0 0 rg BT 93.48 272.35 Td (is ) Tj ET Q q 0 0 0 rg BT 101.97 272.35 Td (a ) Tj ET Q q 0 0 0 rg BT 108.96 272.35 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 151.47 272.35 Td (standard ) Tj ET Q q 0 0 0 rg BT 188.48 272.35 Td (and ) Tj ET Q q 0 0 0 rg BT 205.48 272.35 Td (is ) Tj ET Q q 0 0 0 rg BT 213.96 272.35 Td (applicable ) Tj ET Q q 0 0 0 rg BT 256.48 272.35 Td (to ) Tj ET Q q 0 0 0 rg BT 265.97 272.35 Td (entities ) Tj ET Q q 0 0 0 rg BT 296.48 272.35 Td (that ) Tj ET Q q 0 0 0 rg BT 313.47 272.35 Td (have ) Tj ET Q q 0 0 0 rg BT 334.98 272.35 Td (interests ) Tj ET Q q 0 0 0 rg BT 370.98 272.35 Td (in ) Tj ET Q q 0 0 0 rg BT 379.97 272.35 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 431.98 272.35 Td (joint ) Tj ET Q q 0 0 0 rg BT 450.47 272.35 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 510.49 272.35 Td (associates ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 261.55 Td (and/or ) Tj ET Q q 0 0 0 rg BT 87.11 261.55 Td (unconsolidated ) Tj ET Q q 0 0 0 rg BT 150.24 261.55 Td (structure ) Tj ET Q q 0 0 0 rg BT 187.84 261.55 Td (entities. ) Tj ET Q q 0 0 0 rg BT 221.28 261.55 Td (The ) Tj ET Q q 0 0 0 rg BT 239.37 261.55 Td (application ) Tj ET Q q 0 0 0 rg BT 284.99 261.55 Td (of ) Tj ET Q q 0 0 0 rg BT 295.08 261.55 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 318.17 261.55 Td (12 ) Tj ET Q q 0 0 0 rg BT 330.77 261.55 Td (has ) Tj ET Q q 0 0 0 rg BT 347.87 261.55 Td (resulted ) Tj ET Q q 0 0 0 rg BT 382.47 261.55 Td (in ) Tj ET Q q 0 0 0 rg BT 392.07 261.55 Td (more ) Tj ET Q q 0 0 0 rg BT 415.16 261.55 Td (extensive ) Tj ET Q q 0 0 0 rg BT 455.77 261.55 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 503.37 261.55 Td (appearing ) Tj ET Q q 0 0 0 rg BT 545.99 261.55 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 250.75 Td (notes ) Tj ET Q q 0 0 0 rg BT 83.52 250.75 Td (7, ) Tj ET Q q 0 0 0 rg BT 93.52 250.75 Td (14 ) Tj ET Q q 0 0 0 rg BT 106.03 250.75 Td (and ) Tj ET Q q 0 0 0 rg BT 123.55 250.75 Td (16 ) Tj ET Q q 0 0 0 rg BT 136.06 250.75 Td (of ) Tj ET Q q 0 0 0 rg BT 146.07 250.75 Td (the ) Tj ET Q q 0 0 0 rg BT 161.08 250.75 Td (condensed ) Tj ET Q q 0 0 0 rg BT 207.62 250.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 260.66 250.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 296.18 250.75 Td (statements.) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 34.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 31) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 58.50 712.00 Td (INVESTMENTS IN JOINT VENTURES) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 58.50 690.40 Td (After ) Tj ET Q q 0 0 0 rg BT 80.58 690.40 Td (applying ) Tj ET Q q 0 0 0 rg BT 117.18 690.40 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 140.75 690.40 Td (1) Tj ET Q q 0 0 0 rg BT 145.09 690.40 Td (1, ) Tj ET Q q 0 0 0 rg BT 155.66 690.40 Td (the ) Tj ET Q q 0 0 0 rg BT 171.25 690.40 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 227.56 690.40 Td (material ) Tj ET Q q 0 0 0 rg BT 262.64 690.40 Td (joint ) Tj ET Q q 0 0 0 rg BT 282.23 690.40 Td (ventures ) Tj ET Q q 0 0 0 rg BT 319.82 690.40 Td (at ) Tj ET Q q 0 0 0 rg BT 330.39 690.40 Td (the ) Tj ET Q q 0 0 0 rg BT 345.98 690.40 Td (end ) Tj ET Q q 0 0 0 rg BT 364.06 690.40 Td (of ) Tj ET Q q 0 0 0 rg BT 374.64 690.40 Td (the ) Tj ET Q q 0 0 0 rg BT 390.23 690.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 428.82 690.40 Td (period ) Tj ET Q q 0 0 0 rg BT 456.91 690.40 Td (were ) Tj ET Q q 0 0 0 rg BT 479.49 690.40 Td (Umbata ) Tj ET Q q 0 0 0 rg BT 514.07 690.40 Td (Falls, ) Tj ET Q q 0 0 0 rg BT 538.65 690.40 Td (L.P) Tj ET Q q 0 0 0 rg BT 551.00 690.40 Td (. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 679.60 Td (\(49% ) Tj ET Q q 0 0 0 rg BT 82.01 679.60 Td (interest\) ) Tj ET Q q 0 0 0 rg BT 117.02 679.60 Td (and ) Tj ET Q q 0 0 0 rg BT 134.54 679.60 Td (V) Tj ET Q q 0 0 0 rg BT 140.38 679.60 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 205.41 679.60 Td (L.P) Tj ET Q q 0 0 0 rg BT 217.76 679.60 Td (. ) Tj ET Q q 0 0 0 rg BT 222.76 679.60 Td (\(50% ) Tj ET Q q 0 0 0 rg BT 246.27 679.60 Td (interest\).) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 658.00 Td (A) Tj ET Q q 0 0 0 rg BT 64.01 658.00 Td ( ) Tj ET Q q 0 0 0 rg BT 65.71 658.00 Td (summary ) Tj ET Q q 0 0 0 rg BT 104.42 658.00 Td (of ) Tj ET Q q 0 0 0 rg BT 113.64 658.00 Td (the ) Tj ET Q q 0 0 0 rg BT 127.86 658.00 Td (electricity ) Tj ET Q q 0 0 0 rg BT 167.07 658.00 Td (production ) Tj ET Q q 0 0 0 rg BT 210.81 658.00 Td (and ) Tj ET Q q 0 0 0 rg BT 227.53 658.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 262.26 658.00 Td (information ) Tj ET Q q 0 0 0 rg BT 308.49 658.00 Td (for ) Tj ET Q q 0 0 0 rg BT 320.70 658.00 Td (the ) Tj ET Q q 0 0 0 rg BT 334.92 658.00 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 389.87 658.00 Td (material ) Tj ET Q q 0 0 0 rg BT 423.59 658.00 Td (joint ) Tj ET Q q 0 0 0 rg BT 441.81 658.00 Td (ventures ) Tj ET Q q 0 0 0 rg BT 478.04 658.00 Td (is ) Tj ET Q q 0 0 0 rg BT 486.24 658.00 Td (presented ) Tj ET Q q 0 0 0 rg BT 527.98 658.00 Td (below) Tj ET Q q 0 0 0 rg BT 551.00 658.00 Td (. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 647.20 Td (The ) Tj ET Q q 0 0 0 rg BT 76.88 647.20 Td (summarized ) Tj ET Q q 0 0 0 rg BT 128.76 647.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 164.65 647.20 Td (information ) Tj ET Q q 0 0 0 rg BT 212.04 647.20 Td (corresponds ) Tj ET Q q 0 0 0 rg BT 264.43 647.20 Td (to ) Tj ET Q q 0 0 0 rg BT 274.81 647.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 312.20 647.20 Td (shown ) Tj ET Q q 0 0 0 rg BT 341.08 647.20 Td (in ) Tj ET Q q 0 0 0 rg BT 350.96 647.20 Td (the ) Tj ET Q q 0 0 0 rg BT 366.34 647.20 Td (joint ) Tj ET Q q 0 0 0 rg BT 385.72 647.20 Td (ventures' ) Tj ET Q q 0 0 0 rg BT 424.82 647.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 460.71 647.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 507.60 647.20 Td (prepared ) Tj ET Q q 0 0 0 rg BT 546.50 647.20 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 636.40 Td (accordance ) Tj ET Q q 0 0 0 rg BT 107.53 636.40 Td (with ) Tj ET Q q 0 0 0 rg BT 126.04 636.40 Td (IFRS.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 58.50 613.60 Td (Electricity ) Tj ET Q q 0.2 0 0.6 rg BT 109.08 613.60 Td (Production) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.00 603.10 109.00 -45.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 167.00 603.10 193.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 360.00 603.10 193.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 167.00 588.10 51.00 -30.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 218.00 588.10 43.00 -30.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 261.00 588.10 51.00 -30.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 312.00 588.10 48.00 -30.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 360.00 588.10 51.00 -30.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 411.00 588.10 43.00 -30.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 454.00 588.10 51.00 -30.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 505.00 588.10 48.00 -30.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 167.00 558.10 51.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 218.00 558.10 43.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 261.00 558.10 51.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 312.00 558.10 48.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 558.1 m 167 558.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 558.1 m 218 558.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 558.1 m 261 558.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 558.1 m 312 558.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 558.1 m 360 558.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 558.1 m 411 558.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 558.1 m 454 558.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 558.1 m 505 558.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 558.1 m 553 558.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 544.1 m 167 544.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 542.1 m 167 542.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 558.1 m 218 558.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 544.1 m 218 544.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 542.1 m 218 542.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 558.1 m 261 558.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 544.1 m 261 544.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 542.1 m 261 542.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 558.1 m 312 558.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 544.1 m 312 544.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 542.1 m 312 542.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 558.1 m 360 558.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 544.1 m 360 544.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 542.1 m 360 542.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 558.1 m 411 558.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 544.1 m 411 544.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 542.1 m 411 542.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 558.1 m 454 558.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 544.1 m 454 544.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 542.1 m 454 542.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 558.1 m 505 558.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 544.1 m 505 544.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 542.1 m 505 542.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 558.1 m 553 558.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 544.1 m 553 544.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 542.1 m 553 542.1 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 60.50 594.05 Td (For the three-month) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 60.50 585.05 Td (periods ended June 30) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 252.95 592.50 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 445.95 592.50 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 170.45 571.50 Td (Production ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 176.85 562.50 Td (\(MWh\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 203.84 566.79 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 231.65 571.50 Td (L) Tj ET Q q 1 1 1 rg BT 235.99 571.50 Td (T) Tj ET Q q 1 1 1 rg BT 240.82 571.50 Td (A) Tj ET Q q 1 1 1 rg BT 246.32 571.50 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 223.85 562.50 Td (\(MWh\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 250.84 566.79 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 264.45 579.05 Td (Production) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 267.20 570.05 Td (as a % of) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 278.65 561.05 Td (LTA) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 318.80 579.05 Td (A) Tj ET Q q 1 1 1 rg BT 324.64 579.05 Td (verage ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 325.70 570.05 Td (price) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 345.21 574.34 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 316.60 561.05 Td (\($/MWh\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 351.10 565.34 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 354.35 561.05 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 363.45 571.50 Td (Production ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 369.85 562.50 Td (\(MWh\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 396.84 566.79 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 424.65 571.50 Td (L) Tj ET Q q 1 1 1 rg BT 428.99 571.50 Td (T) Tj ET Q q 1 1 1 rg BT 433.82 571.50 Td (A) Tj ET Q q 1 1 1 rg BT 439.32 571.50 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 416.85 562.50 Td (\(MWh\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 443.84 566.79 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 457.45 579.05 Td (Production) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 460.20 570.05 Td (as a % of) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 471.65 561.05 Td (LTA) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 511.80 579.05 Td (A) Tj ET Q q 1 1 1 rg BT 517.64 579.05 Td (verage ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 518.70 570.05 Td (price) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 538.21 574.34 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 509.60 561.05 Td (\($/MWh\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 544.10 565.34 Td (2) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 60.50 549.05 Td (Umbata Falls) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 178.20 547.50 Td (39,416) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 225.20 547.50 Td (37,824) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 274.45 547.50 Td (104%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.95 547.50 Td (84.38) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 371.20 547.50 Td (40,896) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.20 547.50 Td (37,824) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 467.45 547.50 Td (108%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.95 547.50 Td (84.18) Tj ET Q BT /F2 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 58.50 534.00 Td (1. Corresponds to 100% of the facility's electricity production and L) Tj ET Q q 0 0 0 rg BT 293.78 534.00 Td (T) Tj ET Q q 0 0 0 rg BT 298.07 534.00 Td (A.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 58.50 524.40 Td (2. Including payments received from the ecoENERGY) Tj ET Q q 0 0 0 rg BT 249.11 524.40 Td ( Initiative.) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 59.00 513.90 109.00 -45.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 168.00 513.90 193.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 361.00 513.90 193.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 168.00 498.90 51.00 -30.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 219.00 498.90 43.00 -30.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 262.00 498.90 51.00 -30.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 313.00 498.90 48.00 -30.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 361.00 498.90 51.00 -30.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 412.00 498.90 43.00 -30.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 455.00 498.90 51.00 -30.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 506.00 498.90 48.00 -30.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 168.00 468.90 51.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 219.00 468.90 43.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 262.00 468.90 51.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 313.00 468.90 48.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 468.9 m 168 468.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168 468.9 m 219 468.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 468.9 m 262 468.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 468.9 m 313 468.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 468.9 m 361 468.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 468.9 m 412 468.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 468.9 m 455 468.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 468.9 m 506 468.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 468.9 m 554 468.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 454.9 m 168 454.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 452.9 m 168 452.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168 468.9 m 219 468.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168 454.9 m 219 454.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168 452.9 m 219 452.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 468.9 m 262 468.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 454.9 m 262 454.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 452.9 m 262 452.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 468.9 m 313 468.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 454.9 m 313 454.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 452.9 m 313 452.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 468.9 m 361 468.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 454.9 m 361 454.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 452.9 m 361 452.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 468.9 m 412 468.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 454.9 m 412 454.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 452.9 m 412 452.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 468.9 m 455 468.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 454.9 m 455 454.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 452.9 m 455 452.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 468.9 m 506 468.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 454.9 m 506 454.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 452.9 m 506 452.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 468.9 m 554 468.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 454.9 m 554 454.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 452.9 m 554 452.9 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 61.50 504.85 Td (For the six-month periods) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 61.50 495.85 Td (ended June 30) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 253.95 503.30 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 446.95 503.30 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 171.45 482.30 Td (Production ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 177.85 473.30 Td (\(MWh\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 204.84 477.59 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 232.65 482.30 Td (L) Tj ET Q q 1 1 1 rg BT 236.99 482.30 Td (T) Tj ET Q q 1 1 1 rg BT 241.82 482.30 Td (A) Tj ET Q q 1 1 1 rg BT 247.32 482.30 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 224.85 473.30 Td (\(MWh\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 251.84 477.59 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 265.45 489.85 Td (Production) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 268.20 480.85 Td (as a % of) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 279.65 471.85 Td (LTA) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 319.80 489.85 Td (A) Tj ET Q q 1 1 1 rg BT 325.64 489.85 Td (verage ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 326.70 480.85 Td (price) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 346.21 485.14 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 317.60 471.85 Td (\($/MWh\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 352.10 476.14 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 355.35 471.85 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 364.45 482.30 Td (Production ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 370.85 473.30 Td (\(MWh\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 397.84 477.59 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 425.65 482.30 Td (L) Tj ET Q q 1 1 1 rg BT 429.99 482.30 Td (T) Tj ET Q q 1 1 1 rg BT 434.82 482.30 Td (A) Tj ET Q q 1 1 1 rg BT 440.32 482.30 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 417.85 473.30 Td (\(MWh\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 444.84 477.59 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 458.45 489.85 Td (Production) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 461.20 480.85 Td (as a % of) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 472.65 471.85 Td (LTA) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 512.80 489.85 Td (A) Tj ET Q q 1 1 1 rg BT 518.64 489.85 Td (verage ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 519.70 480.85 Td (price) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 539.21 485.14 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 510.60 471.85 Td (\($/MWh\)) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 545.10 476.14 Td (2) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 61.50 459.85 Td (Umbata Falls) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 179.20 458.30 Td (58,257) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.20 458.30 Td (54,750) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 275.45 458.30 Td (106%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.95 458.30 Td (84.35) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.20 458.30 Td (57,565) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.20 458.30 Td (54,750) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 468.45 458.30 Td (105%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.95 458.30 Td (81.29) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 58.50 444.80 Td (1. Corresponds to 100% of the facility's electricity production and L) Tj ET Q q 0 0 0 rg BT 293.78 444.80 Td (T) Tj ET Q q 0 0 0 rg BT 298.07 444.80 Td (A.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 58.50 435.20 Td (2. Including payments received from the ecoENERGY) Tj ET Q q 0 0 0 rg BT 249.11 435.20 Td ( Initiative.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 58.50 411.20 Td (Umbata Falls, L.P) Tj ET Q q 0.2 0 0.6 rg BT 140.57 411.20 Td (.) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 58.50 389.60 Td (Umbata ) Tj ET Q q 0 0 0 rg BT 94.01 389.60 Td (Falls' ) Tj ET Q q 0 0 0 rg BT 119.16 389.60 Td (Summary ) Tj ET Q q 0 0 0 rg BT 162.68 389.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 213.69 389.60 Td (of ) Tj ET Q q 0 0 0 rg BT 224.69 389.60 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 265.70 389.60 Td (and ) Tj ET Q q 0 0 0 rg BT 284.20 389.60 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 354.22 389.60 Td (Income) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.50 379.10 234.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 292.50 379.10 130.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 422.50 379.10 130.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 58.50 364.10 234.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 292.50 364.10 65.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 357.50 364.10 65.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 422.50 364.10 65.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 487.50 364.10 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 292.50 349.10 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 422.50 349.10 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 292.50 336.10 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 422.50 336.10 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 292.50 323.10 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 422.50 323.10 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 292.50 308.10 65.00 -28.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 422.50 308.10 65.00 -28.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 292.50 280.10 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 422.50 280.10 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 292.50 267.10 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 422.50 267.10 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 292.50 254.10 65.00 -22.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 422.50 254.10 65.00 -22.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 292.50 232.10 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 422.50 232.10 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 349.1 m 292.5 349.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 349.1 m 357.5 349.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 349.1 m 422.5 349.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 349.1 m 487.5 349.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 349.1 m 552.5 349.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 349.1 m 357.5 349.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 349.1 m 422.5 349.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 349.1 m 487.5 349.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 349.1 m 552.5 349.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 323.1 m 292.5 323.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 323.1 m 357.5 323.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 323.1 m 422.5 323.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 323.1 m 487.5 323.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 323.1 m 552.5 323.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 323.1 m 487.5 323.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 323.1 m 552.5 323.1 l s 0 0 0 RG /GS0 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232.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 218.10000000000002 m 422.5 218.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 216.10000000000002 m 422.5 216.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 232.10000000000002 m 487.5 232.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 218.10000000000002 m 487.5 218.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 216.10000000000002 m 487.5 216.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 232.10000000000002 m 552.5 232.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 218.10000000000002 m 552.5 218.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 216.10000000000002 m 552.5 216.10000000000002 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 329.20 368.50 Td (Three months) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 464.70 368.50 Td (Six months) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 61.00 353.50 Td (For the periods ended June 30) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 314.45 353.50 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 379.45 353.50 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 444.45 353.50 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 509.45 353.50 Td (2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.00 340.05 Td (Operating revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.45 340.05 Td (3,324) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 384.45 340.05 Td (3,442) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.45 340.05 Td (4,914) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.45 340.05 Td (4,846) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 327.05 Td (Operating and general and administrative expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.95 327.05 Td (186) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.95 327.05 Td (186) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.95 327.05 Td (367) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.95 327.05 Td (372) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 312.50 Td (Adjusted EBITDA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.45 312.50 Td (3,138) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 384.45 312.50 Td (3,256) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.45 312.50 Td (4,547) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.45 312.50 Td (4,474) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 284.50 Td (Finance costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.95 284.50 Td (631) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.95 284.50 Td (626) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.45 284.50 Td (1,242) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.45 284.50 Td (1,256) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 271.05 Td (Other net revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.95 271.05 Td (\(8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 342.00 271.05 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 398.95 271.05 Td (\(8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 407.00 271.05 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.95 271.05 Td (\(16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.00 271.05 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.95 271.05 Td (\(9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.00 271.05 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 258.05 Td (Depreciation and amortization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.45 258.05 Td (1,007) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 384.45 258.05 Td (1,007) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.45 258.05 Td (2,013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.45 258.05 Td (2,013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 245.05 Td (Unrealized net \(gain\) loss on derivative financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 236.05 Td (instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.45 236.50 Td (\(2,958) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 342.00 236.50 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 384.45 236.50 Td (1,847) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.45 236.50 Td (\(3,418) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.00 236.50 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.95 236.50 Td (\(3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.00 236.50 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 221.50 Td (Net earnings \(loss\) and comprehensive income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.45 221.50 Td (4,466) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 388.95 221.50 Td (\(216) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 407.00 221.50 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.45 221.50 Td (4,726) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.45 221.50 Td (1,217) Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 194.80 Td (The ) Tj ET Q q 0 0 0 rg BT 75.87 194.80 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 119.27 194.80 Td (net ) Tj ET Q q 0 0 0 rg BT 133.65 194.80 Td (gains ) Tj ET Q q 0 0 0 rg BT 157.03 194.80 Td (on ) Tj ET Q q 0 0 0 rg BT 168.90 194.80 Td (derivative ) Tj ET Q q 0 0 0 rg BT 209.29 194.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 244.17 194.80 Td (instruments ) Tj ET Q q 0 0 0 rg BT 292.55 194.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 329.94 194.80 Td (in ) Tj ET Q q 0 0 0 rg BT 338.81 194.80 Td (the ) Tj ET Q q 0 0 0 rg BT 353.19 194.80 Td (three- ) Tj ET Q q 0 0 0 rg BT 378.57 194.80 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.45 194.80 Td (six-month ) Tj ET Q q 0 0 0 rg BT 436.32 194.80 Td (period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.34 194.80 Td (s ) Tj ET Q q 0 0 0 rg BT 467.71 194.80 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.60 194.80 Td (June30, ) Tj ET Q q 0 0 0 rg BT 530.99 194.80 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.01 194.80 Td (, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 184.00 Td (are ) Tj ET Q q 0 0 0 rg BT 73.95 184.00 Td (due ) Tj ET Q q 0 0 0 rg BT 91.40 184.00 Td (to ) Tj ET Q q 0 0 0 rg BT 101.35 184.00 Td (the ) Tj ET Q q 0 0 0 rg BT 116.30 184.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 152.76 184.00 Td (in ) Tj ET Q q 0 0 0 rg BT 162.20 184.00 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 209.16 184.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 241.11 184.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 263.56 184.00 Td (since ) Tj ET Q q 0 0 0 rg BT 287.01 184.00 Td (the ) Tj ET Q q 0 0 0 rg BT 301.96 184.00 Td (end ) Tj ET Q q 0 0 0 rg BT 319.42 184.00 Td (of ) Tj ET Q q 0 0 0 rg BT 329.36 184.00 Td (2012, ) Tj ET Q q 0 0 0 rg BT 354.32 184.00 Td (while ) Tj ET Q q 0 0 0 rg BT 377.27 184.00 Td (an ) Tj ET Q q 0 0 0 rg BT 389.72 184.00 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 433.69 184.00 Td (net ) Tj ET Q q 0 0 0 rg BT 448.64 184.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 467.09 184.00 Td (on ) Tj ET Q q 0 0 0 rg BT 479.54 184.00 Td (derivative ) Tj ET Q q 0 0 0 rg BT 520.49 184.00 Td (financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 173.20 Td (instruments ) Tj ET Q q 0 0 0 rg BT 107.52 173.20 Td (was ) Tj ET Q q 0 0 0 rg BT 126.02 173.20 Td (recorded ) Tj ET Q q 0 0 0 rg BT 164.04 173.20 Td (in ) Tj ET Q q 0 0 0 rg BT 173.55 173.20 Td (the ) Tj ET Q q 0 0 0 rg BT 188.56 173.20 Td (second ) Tj ET Q q 0 0 0 rg BT 220.08 173.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 251.10 173.20 Td (of ) Tj ET Q q 0 0 0 rg BT 261.11 173.20 Td (2012 ) Tj ET Q q 0 0 0 rg BT 283.63 173.20 Td (due ) Tj ET Q q 0 0 0 rg BT 301.14 173.20 Td (to ) Tj ET Q q 0 0 0 rg BT 311.15 173.20 Td (a ) Tj ET Q q 0 0 0 rg BT 318.66 173.20 Td (decrease ) Tj ET Q q 0 0 0 rg BT 358.18 173.20 Td (in ) Tj ET Q q 0 0 0 rg BT 367.69 173.20 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 414.71 173.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 446.72 173.20 Td (rates ) Tj ET Q q 0 0 0 rg BT 469.23 173.20 Td (during ) Tj ET Q q 0 0 0 rg BT 496.75 173.20 Td (that ) Tj ET Q q 0 0 0 rg BT 514.26 173.20 Td (period.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 58.50 151.60 Td (Umbata ) Tj ET Q q 0 0 0 rg BT 94.01 151.60 Td (Falls' ) Tj ET Q q 0 0 0 rg BT 119.16 151.60 Td (Summary ) Tj ET Q q 0 0 0 rg BT 162.68 151.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 213.69 151.60 Td (of ) Tj ET Q q 0 0 0 rg BT 224.69 151.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 266.20 151.60 Td (Position) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.00 141.10 255.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 313.00 141.10 120.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 433.00 141.10 120.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 313.00 126.10 120.00 -14.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 313.00 112.10 120.00 -14.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 313.00 98.10 120.00 -14.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 313.00 84.10 120.00 -14.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 313.00 70.10 120.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 126.10000000000002 m 313 126.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 126.10000000000002 m 433 126.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 126.10000000000002 m 553 126.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 126.10000000000002 m 433 126.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 126.10000000000002 m 553 126.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 57.10000000000002 m 313 57.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 55.10000000000002 m 313 55.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 57.10000000000002 m 433 57.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 55.10000000000002 m 433 55.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 57.10000000000002 m 553 57.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 55.10000000000002 m 553 55.10000000000002 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 343.95 130.50 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 452.95 130.50 Td (December 31, 2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 66.50 116.50 Td (Current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.95 116.50 Td (3,432) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.95 116.50 Td (2,801) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.50 102.50 Td (Non-current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.95 102.50 Td (77,723) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.95 102.50 Td (79,679) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.50 88.50 Td (Current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.95 88.50 Td (2,413) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.95 88.50 Td (2,382) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.50 74.50 Td (Non-current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.95 74.50 Td (49,266) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.95 74.50 Td (53,225) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.50 60.50 Td (Shareholders' equity) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.95 60.50 Td (29,476) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.95 60.50 Td (26,873) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 34.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 32) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 702.65 Td (Umbata ) Tj ET Q q 0 0 0 rg BT 92.80 702.65 Td (Falls, ) Tj ET Q q 0 0 0 rg BT 117.09 702.65 Td (L.P) Tj ET Q q 0 0 0 rg BT 129.44 702.65 Td (. ) Tj ET Q q 0 0 0 rg BT 134.72 702.65 Td (uses ) Tj ET Q q 0 0 0 rg BT 156.52 702.65 Td (derivative ) Tj ET Q q 0 0 0 rg BT 197.82 702.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 233.63 702.65 Td (instruments ) Tj ET Q q 0 0 0 rg BT 282.93 702.65 Td (to ) Tj ET Q q 0 0 0 rg BT 293.23 702.65 Td (manage ) Tj ET Q q 0 0 0 rg BT 328.54 702.65 Td (its ) Tj ET Q q 0 0 0 rg BT 340.32 702.65 Td (exposure ) Tj ET Q q 0 0 0 rg BT 380.13 702.65 Td (to ) Tj ET Q q 0 0 0 rg BT 390.42 702.65 Td (the ) Tj ET Q q 0 0 0 rg BT 405.72 702.65 Td (risk ) Tj ET Q q 0 0 0 rg BT 422.50 702.65 Td (of ) Tj ET Q q 0 0 0 rg BT 432.80 702.65 Td (increasing ) Tj ET Q q 0 0 0 rg BT 476.60 702.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 508.90 702.65 Td (rates ) Tj ET Q q 0 0 0 rg BT 531.70 702.65 Td (on ) Tj ET Q q 0 0 0 rg BT 544.50 702.65 Td (its ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 691.85 Td (debt ) Tj ET Q q 0 0 0 rg BT 79.11 691.85 Td (financing ) Tj ET Q q 0 0 0 rg BT 118.23 691.85 Td (and ) Tj ET Q q 0 0 0 rg BT 136.34 691.85 Td (does ) Tj ET Q q 0 0 0 rg BT 158.96 691.85 Td (not ) Tj ET Q q 0 0 0 rg BT 174.56 691.85 Td (own ) Tj ET Q q 0 0 0 rg BT 194.17 691.85 Td (or ) Tj ET Q q 0 0 0 rg BT 205.27 691.85 Td (issue ) Tj ET Q q 0 0 0 rg BT 229.37 691.85 Td (any ) Tj ET Q q 0 0 0 rg BT 246.98 691.85 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 294.58 691.85 Td (for ) Tj ET Q q 0 0 0 rg BT 308.18 691.85 Td (speculation ) Tj ET Q q 0 0 0 rg BT 356.81 691.85 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 399.43 691.85 Td (Interest-rate ) Tj ET Q q 0 0 0 rg BT 451.04 691.85 Td (swaps ) Tj ET Q q 0 0 0 rg BT 479.65 691.85 Td (used ) Tj ET Q q 0 0 0 rg BT 502.26 691.85 Td (to ) Tj ET Q q 0 0 0 rg BT 512.86 691.85 Td (hedge ) Tj ET Q q 0 0 0 rg BT 540.98 691.85 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 681.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 90.20 681.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 107.89 681.05 Td (on ) Tj ET Q q 0 0 0 rg BT 120.09 681.05 Td (100% ) Tj ET Q q 0 0 0 rg BT 145.29 681.05 Td (of ) Tj ET Q q 0 0 0 rg BT 154.98 681.05 Td (the ) Tj ET Q q 0 0 0 rg BT 169.68 681.05 Td (Umbata ) Tj ET Q q 0 0 0 rg BT 203.38 681.05 Td (Falls ) Tj ET Q q 0 0 0 rg BT 224.57 681.05 Td (loan ) Tj ET Q q 0 0 0 rg BT 243.77 681.05 Td (had ) Tj ET Q q 0 0 0 rg BT 260.97 681.05 Td (a ) Tj ET Q q 0 0 0 rg BT 268.16 681.05 Td (net ) Tj ET Q q 0 0 0 rg BT 282.86 681.05 Td (negative ) Tj ET Q q 0 0 0 rg BT 319.07 681.05 Td (value ) Tj ET Q q 0 0 0 rg BT 342.77 681.05 Td (of ) Tj ET Q q 0 0 0 rg BT 352.46 681.05 Td ($4.3million ) Tj ET Q q 0 0 0 rg BT 400.17 681.05 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 409.86 681.05 Td (June30, ) Tj ET Q q 0 0 0 rg BT 446.58 681.05 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.60 681.05 Td ( ) Tj ET Q q 0 0 0 rg BT 468.78 681.05 Td (\(negative ) Tj ET Q q 0 0 0 rg BT 507.99 681.05 Td ($7.7million ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 670.25 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.69 670.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 127.91 670.25 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 147.93 670.25 Td (\). ) Tj ET Q q 0 0 0 rg BT 155.94 670.25 Td (This ) Tj ET Q q 0 0 0 rg BT 175.63 670.25 Td (favourable ) Tj ET Q q 0 0 0 rg BT 220.35 670.25 Td (dif) Tj ET Q q 0 0 0 rg BT 229.69 670.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 262.40 670.25 Td (is ) Tj ET Q q 0 0 0 rg BT 271.59 670.25 Td (due ) Tj ET Q q 0 0 0 rg BT 289.29 670.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 317.99 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 328.18 670.25 Td (an ) Tj ET Q q 0 0 0 rg BT 340.88 670.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 377.59 670.25 Td (in ) Tj ET Q q 0 0 0 rg BT 387.28 670.25 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 434.49 670.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 466.69 670.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 489.39 670.25 Td (since ) Tj ET Q q 0 0 0 rg BT 513.09 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.29 670.25 Td (end ) Tj ET Q q 0 0 0 rg BT 545.99 670.25 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 659.45 Td (2012. ) Tj ET Q q 0 0 0 rg BT 82.34 659.45 Td (The ) Tj ET Q q 0 0 0 rg BT 99.25 659.45 Td (estimated ) Tj ET Q q 0 0 0 rg BT 139.68 659.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 167.60 659.45 Td (of ) Tj ET Q q 0 0 0 rg BT 176.51 659.45 Td (a ) Tj ET Q q 0 0 0 rg BT 182.92 659.45 Td (0.1% ) Tj ET Q q 0 0 0 rg BT 204.84 659.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 235.77 659.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 252.68 659.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 288.11 659.45 Td (would ) Tj ET Q q 0 0 0 rg BT 313.03 659.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 351.46 659.45 Td (the ) Tj ET Q q 0 0 0 rg BT 365.38 659.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 396.30 659.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 413.22 659.45 Td (swap-related ) Tj ET Q q 0 0 0 rg BT 466.15 659.45 Td (liability ) Tj ET Q q 0 0 0 rg BT 494.57 659.45 Td (by ) Tj ET Q q 0 0 0 rg BT 505.48 659.45 Td ($0.5million. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 648.65 Td (Conversely) Tj ET Q q 0 0 0 rg BT 102.85 648.65 Td (, ) Tj ET Q q 0 0 0 rg BT 107.85 648.65 Td (a ) Tj ET Q q 0 0 0 rg BT 115.36 648.65 Td (0.1% ) Tj ET Q q 0 0 0 rg BT 138.37 648.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 170.38 648.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 188.39 648.65 Td (decrease ) Tj ET Q q 0 0 0 rg BT 227.92 648.65 Td (would ) Tj ET Q q 0 0 0 rg BT 253.93 648.65 Td (increase ) Tj ET Q q 0 0 0 rg BT 290.45 648.65 Td (the ) Tj ET Q q 0 0 0 rg BT 305.46 648.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 337.48 648.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 355.49 648.65 Td (swap-related ) Tj ET Q q 0 0 0 rg BT 409.51 648.65 Td (liability ) Tj ET Q q 0 0 0 rg BT 439.02 648.65 Td (by ) Tj ET Q q 0 0 0 rg BT 451.03 648.65 Td ($0.5million. ) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 58.50 625.85 Td (V) Tj ET Q q 0.2 0 0.6 rg BT 64.99 625.85 Td (iger-Denonville, ) Tj ET Q q 0.2 0 0.6 rg BT 142.78 625.85 Td (L.P) Tj ET Q q 0.2 0 0.6 rg BT 157.05 625.85 Td (.) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 58.50 604.25 Td (V) Tj ET Q q 0 0 0 rg BT 64.34 604.25 Td (iger-Denonville's ) Tj ET Q q 0 0 0 rg BT 139.00 604.25 Td (Summary ) Tj ET Q q 0 0 0 rg BT 182.52 604.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 233.53 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 244.53 604.25 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 285.54 604.25 Td (and ) Tj ET Q q 0 0 0 rg BT 304.04 604.25 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 374.06 604.25 Td (Income) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.50 593.75 238.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 296.50 593.75 128.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 424.50 593.75 128.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 58.50 578.75 238.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 296.50 578.75 64.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 360.50 578.75 64.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 424.50 578.75 64.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 488.50 578.75 64.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 296.50 563.75 64.00 -14.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 424.50 563.75 64.00 -14.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 296.50 549.75 64.00 -14.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 424.50 549.75 64.00 -14.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 296.50 535.75 64.00 -14.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 424.50 535.75 64.00 -14.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 296.50 521.75 64.00 -28.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 424.50 521.75 64.00 -28.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 296.50 493.75 64.00 -14.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 424.50 493.75 64.00 -14.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 296.50 479.75 64.00 -14.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 424.50 479.75 64.00 -14.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 296.50 465.75 64.00 -20.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 424.50 465.75 64.00 -20.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 296.50 445.75 64.00 -14.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 424.50 445.75 64.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 563.75 m 296.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 563.75 m 360.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 563.75 m 424.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 563.75 m 488.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 563.75 m 552.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 563.75 m 360.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 563.75 m 424.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 563.75 m 488.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 563.75 m 552.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 535.75 m 296.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 535.75 m 360.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 535.75 m 424.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 535.75 m 488.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 535.75 m 552.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 445.75 m 424.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 445.75 m 488.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 445.75 m 552.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 445.75 m 296.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 432.75 m 296.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 430.75 m 296.5 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 445.75 m 360.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 432.75 m 360.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 430.75 m 360.5 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 445.75 m 424.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 432.75 m 424.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 430.75 m 424.5 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 445.75 m 488.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 432.75 m 488.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 430.75 m 488.5 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 445.75 m 552.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 432.75 m 552.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 430.75 m 552.5 430.75 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 332.20 583.15 Td (Three months) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 465.70 583.15 Td (Six months) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 61.00 568.15 Td (For the periods ended June 30) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 317.95 568.15 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 381.95 568.15 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 445.95 568.15 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 509.95 568.15 Td (2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.00 554.15 Td (Operating revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 336.00 554.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.00 554.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.00 554.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.00 554.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 540.15 Td (Operating and general and administrative expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 339.95 540.15 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 403.95 540.15 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 467.95 540.15 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.95 540.15 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 526.15 Td (Adjusted EBITDA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 336.95 526.15 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.00 526.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.95 526.15 Td (\(3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 409.00 526.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.95 526.15 Td (\(4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.00 526.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.95 526.15 Td (\(5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.00 526.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 498.15 Td (Finance costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 336.00 498.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.00 498.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.00 498.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.00 498.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 484.15 Td (Other net revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.95 484.15 Td (\(897) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.00 484.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.00 484.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.95 484.15 Td (\(897) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.00 484.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.00 484.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 470.15 Td (Depreciation and amortization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 339.95 470.15 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.00 470.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 467.95 470.15 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.00 470.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 450.15 Td (Unrealized net gain on derivative financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.45 450.15 Td (\(2,392) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.00 450.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.00 450.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.45 450.15 Td (\(1,888) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.00 450.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.00 450.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.00 436.15 Td (Net earnings \(loss\) and comprehensive income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 322.45 436.15 Td (3,286) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.95 436.15 Td (\(3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 409.00 436.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.45 436.15 Td (2,780) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.95 436.15 Td (\(5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.00 436.15 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 410.65 Td (Other ) Tj ET Q q 0 0 0 rg BT 82.89 410.65 Td (income ) Tj ET Q q 0 0 0 rg BT 113.78 410.65 Td (recorded ) Tj ET Q q 0 0 0 rg BT 151.18 410.65 Td (pertains ) Tj ET Q q 0 0 0 rg BT 185.08 410.65 Td (mainly ) Tj ET Q q 0 0 0 rg BT 212.97 410.65 Td (to ) Tj ET Q q 0 0 0 rg BT 222.36 410.65 Td (a ) Tj ET Q q 0 0 0 rg BT 229.24 410.65 Td (realized ) Tj ET Q q 0 0 0 rg BT 262.64 410.65 Td (gain ) Tj ET Q q 0 0 0 rg BT 281.54 410.65 Td (on ) Tj ET Q q 0 0 0 rg BT 293.43 410.65 Td (foreign ) Tj ET Q q 0 0 0 rg BT 322.83 410.65 Td (exchange ) Tj ET Q q 0 0 0 rg BT 363.74 410.65 Td (contracts ) Tj ET Q q 0 0 0 rg BT 402.13 410.65 Td (that ) Tj ET Q q 0 0 0 rg BT 419.02 410.65 Td (were ) Tj ET Q q 0 0 0 rg BT 440.41 410.65 Td (used ) Tj ET Q q 0 0 0 rg BT 461.81 410.65 Td (to ) Tj ET Q q 0 0 0 rg BT 471.20 410.65 Td (secure ) Tj ET Q q 0 0 0 rg BT 500.09 410.65 Td (the ) Tj ET Q q 0 0 0 rg BT 514.48 410.65 Td (exchange ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 399.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 76.35 399.85 Td (on ) Tj ET Q q 0 0 0 rg BT 88.71 399.85 Td (planned ) Tj ET Q q 0 0 0 rg BT 123.09 399.85 Td (equipment ) Tj ET Q q 0 0 0 rg BT 167.46 399.85 Td (purchases ) Tj ET Q q 0 0 0 rg BT 211.33 399.85 Td (for ) Tj ET Q q 0 0 0 rg BT 224.18 399.85 Td (the ) Tj ET Q q 0 0 0 rg BT 239.03 399.85 Td (project. ) Tj ET Q q 0 0 0 rg BT 270.74 399.85 Td (The ) Tj ET Q q 0 0 0 rg BT 288.59 399.85 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 332.47 399.85 Td (net ) Tj ET Q q 0 0 0 rg BT 347.32 399.85 Td (gains ) Tj ET Q q 0 0 0 rg BT 371.19 399.85 Td (on ) Tj ET Q q 0 0 0 rg BT 383.54 399.85 Td (derivative ) Tj ET Q q 0 0 0 rg BT 424.40 399.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 459.77 399.85 Td (instruments ) Tj ET Q q 0 0 0 rg BT 508.63 399.85 Td (recorded ) Tj ET Q q 0 0 0 rg BT 546.50 399.85 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 389.05 Td (the ) Tj ET Q q 0 0 0 rg BT 73.72 389.05 Td (three- ) Tj ET Q q 0 0 0 rg BT 99.94 389.05 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 117.67 389.05 Td (six-month ) Tj ET Q q 0 0 0 rg BT 159.39 389.05 Td (period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 184.41 389.05 Td (s ) Tj ET Q q 0 0 0 rg BT 191.62 389.05 Td (ended ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 219.36 389.05 Td (June30, ) Tj ET Q q 0 0 0 rg BT 256.59 389.05 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 276.62 389.05 Td (, ) Tj ET Q q 0 0 0 rg BT 281.83 389.05 Td (are ) Tj ET Q q 0 0 0 rg BT 297.54 389.05 Td (due ) Tj ET Q q 0 0 0 rg BT 315.27 389.05 Td (to ) Tj ET Q q 0 0 0 rg BT 325.49 389.05 Td (the ) Tj ET Q q 0 0 0 rg BT 340.71 389.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 377.44 389.05 Td (in ) Tj ET Q q 0 0 0 rg BT 387.15 389.05 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 434.38 389.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 466.61 389.05 Td (rates ) Tj ET Q q 0 0 0 rg BT 489.33 389.05 Td (since ) Tj ET Q q 0 0 0 rg BT 513.05 389.05 Td (the ) Tj ET Q q 0 0 0 rg BT 528.27 389.05 Td (end ) Tj ET Q q 0 0 0 rg BT 546.00 389.05 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 378.25 Td (2012. ) Tj ET Q q 0 0 0 rg BT 83.36 378.25 Td (This ) Tj ET Q q 0 0 0 rg BT 102.86 378.25 Td (project ) Tj ET Q q 0 0 0 rg BT 132.38 378.25 Td (is ) Tj ET Q q 0 0 0 rg BT 141.38 378.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 178.39 378.25 Td (under ) Tj ET Q q 0 0 0 rg BT 203.91 378.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 254.93 378.25 Td (and ) Tj ET Q q 0 0 0 rg BT 272.45 378.25 Td (is ) Tj ET Q q 0 0 0 rg BT 281.45 378.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 320.48 378.25 Td (to ) Tj ET Q q 0 0 0 rg BT 330.48 378.25 Td (reach ) Tj ET Q q 0 0 0 rg BT 355.50 378.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 404.00 378.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 444.03 378.25 Td (by ) Tj ET Q q 0 0 0 rg BT 456.04 378.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.05 378.25 Td (end ) Tj ET Q q 0 0 0 rg BT 488.57 378.25 Td (of ) Tj ET Q q 0 0 0 rg BT 498.57 378.25 Td (2013.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 58.50 356.65 Td (V) Tj ET Q q 0 0 0 rg BT 64.34 356.65 Td (iger-Denonville's ) Tj ET Q q 0 0 0 rg BT 139.00 356.65 Td (Summary ) Tj ET Q q 0 0 0 rg BT 182.52 356.65 Td (Statements ) Tj ET Q q 0 0 0 rg BT 233.53 356.65 Td (of ) Tj ET Q q 0 0 0 rg BT 244.53 356.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 286.04 356.65 Td (Position) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.00 346.15 255.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 313.00 346.15 120.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 433.00 346.15 120.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 313.00 331.15 120.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 313.00 318.15 120.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 313.00 305.15 120.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 313.00 292.15 120.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 313.00 279.15 120.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 331.15 m 313 331.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 331.15 m 433 331.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 331.15 m 553 331.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 331.15 m 433 331.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 331.15 m 553 331.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 267.15 m 313 267.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 265.15 m 313 265.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 267.15 m 433 267.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 265.15 m 433 265.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 267.15 m 553 267.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 265.15 m 553 265.15 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 343.95 335.55 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 452.95 335.55 Td (December 31, 2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 66.50 322.10 Td (Current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.95 322.10 Td (10,999) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.95 322.10 Td (4,791) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.50 309.10 Td (Non-current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.95 309.10 Td (31,434) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.95 309.10 Td (7,274) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.50 296.10 Td (Current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.95 296.10 Td (14,107) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.45 296.10 Td (200) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.50 283.10 Td (Non-current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.95 283.10 Td (3,042) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.45 283.10 Td (328) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.50 270.10 Td (Shareholders' equity) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.95 270.10 Td (25,284) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.95 270.10 Td (11,537) Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 245.05 Td (The ) Tj ET Q q 0 0 0 rg BT 75.78 245.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 111.57 245.05 Td (in ) Tj ET Q q 0 0 0 rg BT 120.34 245.05 Td (balance ) Tj ET Q q 0 0 0 rg BT 153.64 245.05 Td (sheet ) Tj ET Q q 0 0 0 rg BT 177.43 245.05 Td (items ) Tj ET Q q 0 0 0 rg BT 200.70 245.05 Td (is ) Tj ET Q q 0 0 0 rg BT 208.97 245.05 Td (due ) Tj ET Q q 0 0 0 rg BT 225.76 245.05 Td (to ) Tj ET Q q 0 0 0 rg BT 235.03 245.05 Td (the ) Tj ET Q q 0 0 0 rg BT 249.31 245.05 Td (start ) Tj ET Q q 0 0 0 rg BT 268.59 245.05 Td (of ) Tj ET Q q 0 0 0 rg BT 277.86 245.05 Td (construction ) Tj ET Q q 0 0 0 rg BT 328.16 245.05 Td (activities ) Tj ET Q q 0 0 0 rg BT 364.44 245.05 Td (for ) Tj ET Q q 0 0 0 rg BT 376.71 245.05 Td (the ) Tj ET Q q 0 0 0 rg BT 391.00 245.05 Td (V) Tj ET Q q 0 0 0 rg BT 396.84 245.05 Td (iger-Denonville ) Tj ET Q q 0 0 0 rg BT 458.64 245.05 Td (wind ) Tj ET Q q 0 0 0 rg BT 478.92 245.05 Td (project. ) Tj ET Q q 0 0 0 rg BT 510.20 245.05 Td (In ) Tj ET Q q 0 0 0 rg BT 519.48 245.05 Td (addition, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 234.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.26 234.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 111.53 234.25 Td (in ) Tj ET Q q 0 0 0 rg BT 121.78 234.25 Td (current ) Tj ET Q q 0 0 0 rg BT 153.04 234.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 190.31 234.25 Td (is ) Tj ET Q q 0 0 0 rg BT 200.06 234.25 Td (due ) Tj ET Q q 0 0 0 rg BT 218.32 234.25 Td (to ) Tj ET Q q 0 0 0 rg BT 229.08 234.25 Td (a ) Tj ET Q q 0 0 0 rg BT 237.34 234.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 259.60 234.25 Td (advance ) Tj ET Q q 0 0 0 rg BT 296.87 234.25 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.63 234.25 Td ($13.5million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 358.16 234.25 Td ( ) Tj ET Q q 0 0 0 rg BT 361.41 234.25 Td (made ) Tj ET Q q 0 0 0 rg BT 387.17 234.25 Td (by ) Tj ET Q q 0 0 0 rg BT 399.93 234.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.69 234.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 465.96 234.25 Td (until ) Tj ET Q q 0 0 0 rg BT 485.72 234.25 Td (such ) Tj ET Q q 0 0 0 rg BT 507.98 234.25 Td (time ) Tj ET Q q 0 0 0 rg BT 528.24 234.25 Td (as ) Tj ET Q q 0 0 0 rg BT 540.99 234.25 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 223.45 Td (project-level ) Tj ET Q q 0 0 0 rg BT 109.48 223.45 Td (financing ) Tj ET Q q 0 0 0 rg BT 147.96 223.45 Td (was ) Tj ET Q q 0 0 0 rg BT 166.42 223.45 Td (put ) Tj ET Q q 0 0 0 rg BT 181.38 223.45 Td (in ) Tj ET Q q 0 0 0 rg BT 190.84 223.45 Td (place. ) Tj ET Q q 0 0 0 rg BT 217.15 223.45 Td (The ) Tj ET Q q 0 0 0 rg BT 235.12 223.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 271.59 223.45 Td (in ) Tj ET Q q 0 0 0 rg BT 281.05 223.45 Td (shareholders' ) Tj ET Q q 0 0 0 rg BT 337.26 223.45 Td (equity ) Tj ET Q q 0 0 0 rg BT 363.73 223.45 Td (is ) Tj ET Q q 0 0 0 rg BT 372.68 223.45 Td (due ) Tj ET Q q 0 0 0 rg BT 390.15 223.45 Td (to ) Tj ET Q q 0 0 0 rg BT 400.11 223.45 Td (the ) Tj ET Q q 0 0 0 rg BT 415.08 223.45 Td (net ) Tj ET Q q 0 0 0 rg BT 430.05 223.45 Td (earnings ) Tj ET Q q 0 0 0 rg BT 467.02 223.45 Td (recognized ) Tj ET Q q 0 0 0 rg BT 513.51 223.45 Td (during ) Tj ET Q q 0 0 0 rg BT 540.98 223.45 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 212.65 Td (first ) Tj ET Q q 0 0 0 rg BT 75.50 212.65 Td (half ) Tj ET Q q 0 0 0 rg BT 92.51 212.65 Td (of ) Tj ET Q q 0 0 0 rg BT 102.52 212.65 Td (the ) Tj ET Q q 0 0 0 rg BT 117.53 212.65 Td (year ) Tj ET Q q 0 0 0 rg BT 137.54 212.65 Td (and ) Tj ET Q q 0 0 0 rg BT 155.05 212.65 Td (to ) Tj ET Q q 0 0 0 rg BT 165.06 212.65 Td (an ) Tj ET Q q 0 0 0 rg BT 177.57 212.65 Td (investment ) Tj ET Q q 0 0 0 rg BT 223.59 212.65 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 233.60 212.65 Td ($5.5million) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 279.12 212.65 Td ( ) Tj ET Q q 0 0 0 rg BT 281.62 212.65 Td (made ) Tj ET Q q 0 0 0 rg BT 306.63 212.65 Td (by ) Tj ET Q q 0 0 0 rg BT 318.64 212.65 Td (each ) Tj ET Q q 0 0 0 rg BT 340.66 212.65 Td (of ) Tj ET Q q 0 0 0 rg BT 350.66 212.65 Td (the ) Tj ET Q q 0 0 0 rg BT 365.67 212.65 Td (partners ) Tj ET Q q 0 0 0 rg BT 401.19 212.65 Td (in ) Tj ET Q q 0 0 0 rg BT 410.70 212.65 Td (the ) Tj ET Q q 0 0 0 rg BT 425.71 212.65 Td (joint ) Tj ET Q q 0 0 0 rg BT 444.72 212.65 Td (venture.) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 34.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 33) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 713.45 Td (V) Tj ET Q q 0 0 0 rg BT 64.34 713.45 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 129.61 713.45 Td (L.P) Tj ET Q q 0 0 0 rg BT 141.96 713.45 Td (. ) Tj ET Q q 0 0 0 rg BT 147.20 713.45 Td (uses ) Tj ET Q q 0 0 0 rg BT 168.95 713.45 Td (derivative ) Tj ET Q q 0 0 0 rg BT 210.21 713.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 245.97 713.45 Td (instruments ) Tj ET Q q 0 0 0 rg BT 295.23 713.45 Td (to ) Tj ET Q q 0 0 0 rg BT 305.48 713.45 Td (manage ) Tj ET Q q 0 0 0 rg BT 340.74 713.45 Td (its ) Tj ET Q q 0 0 0 rg BT 352.49 713.45 Td (exposure ) Tj ET Q q 0 0 0 rg BT 392.25 713.45 Td (to ) Tj ET Q q 0 0 0 rg BT 402.50 713.45 Td (the ) Tj ET Q q 0 0 0 rg BT 417.75 713.45 Td (risk ) Tj ET Q q 0 0 0 rg BT 434.49 713.45 Td (of ) Tj ET Q q 0 0 0 rg BT 444.73 713.45 Td (increasing ) Tj ET Q q 0 0 0 rg BT 488.50 713.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 520.75 713.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 543.50 713.45 Td (on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 702.65 Td (its ) Tj ET Q q 0 0 0 rg BT 69.08 702.65 Td (debt ) Tj ET Q q 0 0 0 rg BT 88.18 702.65 Td (financing ) Tj ET Q q 0 0 0 rg BT 125.79 702.65 Td (and ) Tj ET Q q 0 0 0 rg BT 142.39 702.65 Td (to ) Tj ET Q q 0 0 0 rg BT 151.48 702.65 Td (equipment ) Tj ET Q q 0 0 0 rg BT 195.09 702.65 Td (purchases ) Tj ET Q q 0 0 0 rg BT 238.20 702.65 Td (in ) Tj ET Q q 0 0 0 rg BT 246.78 702.65 Td (a ) Tj ET Q q 0 0 0 rg BT 253.37 702.65 Td (currency ) Tj ET Q q 0 0 0 rg BT 289.46 702.65 Td (other ) Tj ET Q q 0 0 0 rg BT 311.56 702.65 Td (than ) Tj ET Q q 0 0 0 rg BT 330.66 702.65 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 370.77 702.65 Td (dollars; ) Tj ET Q q 0 0 0 rg BT 401.37 702.65 Td (it ) Tj ET Q q 0 0 0 rg BT 407.45 702.65 Td (does ) Tj ET Q q 0 0 0 rg BT 428.55 702.65 Td (not ) Tj ET Q q 0 0 0 rg BT 442.64 702.65 Td (own ) Tj ET Q q 0 0 0 rg BT 460.74 702.65 Td (or ) Tj ET Q q 0 0 0 rg BT 470.32 702.65 Td (issue ) Tj ET Q q 0 0 0 rg BT 492.91 702.65 Td (any ) Tj ET Q q 0 0 0 rg BT 509.01 702.65 Td (Derivatives ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 691.85 Td (for ) Tj ET Q q 0 0 0 rg BT 71.52 691.85 Td (speculation ) Tj ET Q q 0 0 0 rg BT 119.57 691.85 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 161.62 691.85 Td (Bond ) Tj ET Q q 0 0 0 rg BT 185.16 691.85 Td (forward ) Tj ET Q q 0 0 0 rg BT 217.69 691.85 Td (contracts ) Tj ET Q q 0 0 0 rg BT 256.72 691.85 Td (used ) Tj ET Q q 0 0 0 rg BT 278.76 691.85 Td (to ) Tj ET Q q 0 0 0 rg BT 288.78 691.85 Td (hedge ) Tj ET Q q 0 0 0 rg BT 316.33 691.85 Td (the ) Tj ET Q q 0 0 0 rg BT 331.36 691.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 363.40 691.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 381.42 691.85 Td (on ) Tj ET Q q 0 0 0 rg BT 393.96 691.85 Td (the ) Tj ET Q q 0 0 0 rg BT 408.99 691.85 Td (V) Tj ET Q q 0 0 0 rg BT 414.83 691.85 Td (iger-Denonville ) Tj ET Q q 0 0 0 rg BT 477.38 691.85 Td (financing ) Tj ET Q q 0 0 0 rg BT 515.92 691.85 Td (had ) Tj ET Q q 0 0 0 rg BT 533.46 691.85 Td (a ) Tj ET Q q 0 0 0 rg BT 540.98 691.85 Td (net ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 681.05 Td (positive ) Tj ET Q q 0 0 0 rg BT 91.27 681.05 Td (value ) Tj ET Q q 0 0 0 rg BT 115.03 681.05 Td (of ) Tj ET Q q 0 0 0 rg BT 124.79 681.05 Td ($2.0million ) Tj ET Q q 0 0 0 rg BT 172.57 681.05 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 182.32 681.05 Td (June30, ) Tj ET Q q 0 0 0 rg BT 219.10 681.05 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 239.12 681.05 Td ( ) Tj ET Q q 0 0 0 rg BT 241.38 681.05 Td (\(negative ) Tj ET Q q 0 0 0 rg BT 280.65 681.05 Td ($0.2million ) Tj ET Q q 0 0 0 rg BT 328.43 681.05 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.18 681.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 396.96 681.05 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.98 681.05 Td (\). ) Tj ET Q q 0 0 0 rg BT 424.58 681.05 Td (This ) Tj ET Q q 0 0 0 rg BT 443.84 681.05 Td (favourable ) Tj ET Q q 0 0 0 rg BT 488.12 681.05 Td (dif) Tj ET Q q 0 0 0 rg BT 497.46 681.05 Td (ference ) Tj ET Q q 0 0 0 rg BT 529.73 681.05 Td (is ) Tj ET Q q 0 0 0 rg BT 538.48 681.05 Td (due ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 670.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 86.81 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 96.61 670.25 Td (an ) Tj ET Q q 0 0 0 rg BT 108.92 670.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 145.24 670.25 Td (in ) Tj ET Q q 0 0 0 rg BT 154.55 670.25 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 201.37 670.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 233.18 670.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 255.49 670.25 Td (since ) Tj ET Q q 0 0 0 rg BT 278.80 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 293.61 670.25 Td (end ) Tj ET Q q 0 0 0 rg BT 310.93 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 320.74 670.25 Td (2012. ) Tj ET Q q 0 0 0 rg BT 345.56 670.25 Td (On ) Tj ET Q q 0 0 0 rg BT 359.41 670.25 Td (August ) Tj ET Q q 0 0 0 rg BT 389.73 670.25 Td (7, ) Tj ET Q q 0 0 0 rg BT 399.53 670.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 424.36 670.25 Td (V) Tj ET Q q 0 0 0 rg BT 430.20 670.25 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 495.03 670.25 Td (L.P) Tj ET Q q 0 0 0 rg BT 507.38 670.25 Td (. ) Tj ET Q q 0 0 0 rg BT 512.18 670.25 Td (settled ) Tj ET Q q 0 0 0 rg BT 540.99 670.25 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 659.45 Td (V) Tj ET Q q 0 0 0 rg BT 64.34 659.45 Td (iger-Denonville ) Tj ET Q q 0 0 0 rg BT 127.36 659.45 Td (bond ) Tj ET Q q 0 0 0 rg BT 150.38 659.45 Td (forwards ) Tj ET Q q 0 0 0 rg BT 187.89 659.45 Td (simultaneously ) Tj ET Q q 0 0 0 rg BT 250.41 659.45 Td (with ) Tj ET Q q 0 0 0 rg BT 269.41 659.45 Td (the ) Tj ET Q q 0 0 0 rg BT 284.92 659.45 Td (closing ) Tj ET Q q 0 0 0 rg BT 315.93 659.45 Td (of ) Tj ET Q q 0 0 0 rg BT 326.43 659.45 Td (the ) Tj ET Q q 0 0 0 rg BT 341.93 659.45 Td (interest-swapped ) Tj ET Q q 0 0 0 rg BT 413.47 659.45 Td (long-term ) Tj ET Q q 0 0 0 rg BT 454.47 659.45 Td (financing ) Tj ET Q q 0 0 0 rg BT 493.50 659.45 Td (for ) Tj ET Q q 0 0 0 rg BT 506.99 659.45 Td (this ) Tj ET Q q 0 0 0 rg BT 523.99 659.45 Td (project, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 648.65 Td (which ) Tj ET Q q 0 0 0 rg BT 84.14 648.65 Td (will ) Tj ET Q q 0 0 0 rg BT 99.27 648.65 Td (result ) Tj ET Q q 0 0 0 rg BT 123.90 648.65 Td (in ) Tj ET Q q 0 0 0 rg BT 133.54 648.65 Td (a ) Tj ET Q q 0 0 0 rg BT 141.17 648.65 Td (realized ) Tj ET Q q 0 0 0 rg BT 175.32 648.65 Td (gain ) Tj ET Q q 0 0 0 rg BT 194.96 648.65 Td (on ) Tj ET Q q 0 0 0 rg BT 207.60 648.65 Td (derivative ) Tj ET Q q 0 0 0 rg BT 248.75 648.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 284.40 648.65 Td (instruments ) Tj ET Q q 0 0 0 rg BT 333.54 648.65 Td (of ) Tj ET Q q 0 0 0 rg BT 343.68 648.65 Td ($2.2million ) Tj ET Q q 0 0 0 rg BT 391.83 648.65 Td (during ) Tj ET Q q 0 0 0 rg BT 419.48 648.65 Td (the ) Tj ET Q q 0 0 0 rg BT 434.62 648.65 Td (third ) Tj ET Q q 0 0 0 rg BT 454.75 648.65 Td (quarter) Tj ET Q q 0 0 0 rg BT 482.77 648.65 Td (. ) Tj ET Q q 0 0 0 rg BT 487.73 648.65 Td (This ) Tj ET Q q 0 0 0 rg BT 507.36 648.65 Td (gain ) Tj ET Q q 0 0 0 rg BT 527.01 648.65 Td (results ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 637.85 Td (from ) Tj ET Q q 0 0 0 rg BT 79.35 637.85 Td (the ) Tj ET Q q 0 0 0 rg BT 94.71 637.85 Td (increase ) Tj ET Q q 0 0 0 rg BT 131.57 637.85 Td (in ) Tj ET Q q 0 0 0 rg BT 141.42 637.85 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 188.79 637.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 221.15 637.85 Td (rates ) Tj ET Q q 0 0 0 rg BT 244.01 637.85 Td (between ) Tj ET Q q 0 0 0 rg BT 280.88 637.85 Td (the ) Tj ET Q q 0 0 0 rg BT 296.24 637.85 Td (date ) Tj ET Q q 0 0 0 rg BT 316.60 637.85 Td (the ) Tj ET Q q 0 0 0 rg BT 331.96 637.85 Td (bond ) Tj ET Q q 0 0 0 rg BT 354.83 637.85 Td (forwards ) Tj ET Q q 0 0 0 rg BT 392.19 637.85 Td (were ) Tj ET Q q 0 0 0 rg BT 414.54 637.85 Td (entered ) Tj ET Q q 0 0 0 rg BT 447.91 637.85 Td (into ) Tj ET Q q 0 0 0 rg BT 465.27 637.85 Td (\(December ) Tj ET Q q 0 0 0 rg BT 512.63 637.85 Td (2012\) ) Tj ET Q q 0 0 0 rg BT 538.50 637.85 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 627.05 Td (the ) Tj ET Q q 0 0 0 rg BT 73.69 627.05 Td (settlement ) Tj ET Q q 0 0 0 rg BT 117.89 627.05 Td (date ) Tj ET Q q 0 0 0 rg BT 138.08 627.05 Td (\(August ) Tj ET Q q 0 0 0 rg BT 171.78 627.05 Td (2013\) ) Tj ET Q q 0 0 0 rg BT 197.48 627.05 Td (and ) Tj ET Q q 0 0 0 rg BT 215.17 627.05 Td (compensates ) Tj ET Q q 0 0 0 rg BT 271.38 627.05 Td (for ) Tj ET Q q 0 0 0 rg BT 284.56 627.05 Td (the ) Tj ET Q q 0 0 0 rg BT 299.75 627.05 Td (higher ) Tj ET Q q 0 0 0 rg BT 327.45 627.05 Td (fixed ) Tj ET Q q 0 0 0 rg BT 349.14 627.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 381.33 627.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 399.52 627.05 Td (on ) Tj ET Q q 0 0 0 rg BT 412.21 627.05 Td (the ) Tj ET Q q 0 0 0 rg BT 427.40 627.05 Td (V) Tj ET Q q 0 0 0 rg BT 433.24 627.05 Td (iger-Denonville ) Tj ET Q q 0 0 0 rg BT 495.94 627.05 Td (loan ) Tj ET Q q 0 0 0 rg BT 515.64 627.05 Td (for ) Tj ET Q q 0 0 0 rg BT 528.82 627.05 Td (its ) Tj ET Q q 0 0 0 rg BT 540.50 627.05 Td (18-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 616.25 Td (year ) Tj ET Q q 0 0 0 rg BT 78.51 616.25 Td (term. ) Tj ET Q q 0 0 0 rg BT 101.51 616.25 Td (Please ) Tj ET Q q 0 0 0 rg BT 131.53 616.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 152.53 616.25 Td (to ) Tj ET Q q 0 0 0 rg BT 162.54 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.55 616.25 Td ("Subsequent ) Tj ET Q q 0 0 0 rg BT 231.29 616.25 Td (Events" ) Tj ET Q q 0 0 0 rg BT 264.50 616.25 Td (section ) Tj ET Q q 0 0 0 rg BT 295.51 616.25 Td (for ) Tj ET Q q 0 0 0 rg BT 308.52 616.25 Td (more ) Tj ET Q q 0 0 0 rg BT 331.52 616.25 Td (information.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 594.65 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 90.71 594.65 Td (exchange ) Tj ET Q q 0 0 0 rg BT 131.44 594.65 Td (forward ) Tj ET Q q 0 0 0 rg BT 163.14 594.65 Td (contracts ) Tj ET Q q 0 0 0 rg BT 201.35 594.65 Td (used ) Tj ET Q q 0 0 0 rg BT 222.56 594.65 Td (to ) Tj ET Q q 0 0 0 rg BT 231.76 594.65 Td (purchase ) Tj ET Q q 0 0 0 rg BT 270.48 594.65 Td (equipment ) Tj ET Q q 0 0 0 rg BT 314.21 594.65 Td (in ) Tj ET Q q 0 0 0 rg BT 322.91 594.65 Td (a ) Tj ET Q q 0 0 0 rg BT 329.61 594.65 Td (currency ) Tj ET Q q 0 0 0 rg BT 365.81 594.65 Td (other ) Tj ET Q q 0 0 0 rg BT 388.02 594.65 Td (than ) Tj ET Q q 0 0 0 rg BT 407.23 594.65 Td (the ) Tj ET Q q 0 0 0 rg BT 421.44 594.65 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 461.66 594.65 Td (dollar ) Tj ET Q q 0 0 0 rg BT 485.37 594.65 Td (had ) Tj ET Q q 0 0 0 rg BT 502.08 594.65 Td (a ) Tj ET Q q 0 0 0 rg BT 508.78 594.65 Td (net ) Tj ET Q q 0 0 0 rg BT 522.99 594.65 Td (positive ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 583.85 Td (value ) Tj ET Q q 0 0 0 rg BT 82.04 583.85 Td (of ) Tj ET Q q 0 0 0 rg BT 91.58 583.85 Td ($0.5million ) Tj ET Q q 0 0 0 rg BT 139.13 583.85 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 148.67 583.85 Td (June30, ) Tj ET Q q 0 0 0 rg BT 185.22 583.85 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 205.25 583.85 Td ( ) Tj ET Q q 0 0 0 rg BT 207.28 583.85 Td (\(positive ) Tj ET Q q 0 0 0 rg BT 242.82 583.85 Td ($0.8million ) Tj ET Q q 0 0 0 rg BT 290.37 583.85 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 299.90 583.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 358.46 583.85 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 378.48 583.85 Td (\). ) Tj ET Q q 0 0 0 rg BT 385.88 583.85 Td (This ) Tj ET Q q 0 0 0 rg BT 404.91 583.85 Td (dif) Tj ET Q q 0 0 0 rg BT 414.25 583.85 Td (ference ) Tj ET Q q 0 0 0 rg BT 446.30 583.85 Td (is ) Tj ET Q q 0 0 0 rg BT 454.83 583.85 Td (due ) Tj ET Q q 0 0 0 rg BT 471.87 583.85 Td (mainly ) Tj ET Q q 0 0 0 rg BT 499.91 583.85 Td (to ) Tj ET Q q 0 0 0 rg BT 509.45 583.85 Td (a ) Tj ET Q q 0 0 0 rg BT 516.48 583.85 Td (decrease ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 573.05 Td (in ) Tj ET Q q 0 0 0 rg BT 68.67 573.05 Td (the ) Tj ET Q q 0 0 0 rg BT 84.35 573.05 Td (nominal ) Tj ET Q q 0 0 0 rg BT 119.04 573.05 Td (value ) Tj ET Q q 0 0 0 rg BT 143.73 573.05 Td (of ) Tj ET Q q 0 0 0 rg BT 154.40 573.05 Td (the ) Tj ET Q q 0 0 0 rg BT 170.08 573.05 Td ( ) Tj ET Q q 0 0 0 rg BT 173.25 573.05 Td (foreign ) Tj ET Q q 0 0 0 rg BT 203.94 573.05 Td (exchange ) Tj ET Q q 0 0 0 rg BT 246.14 573.05 Td (forward ) Tj ET Q q 0 0 0 rg BT 279.32 573.05 Td (contracts ) Tj ET Q q 0 0 0 rg BT 319.01 573.05 Td (since ) Tj ET Q q 0 0 0 rg BT 343.19 573.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 402.88 573.05 Td (2012 ) Tj ET Q q 0 0 0 rg BT 426.07 573.05 Td (and ) Tj ET Q q 0 0 0 rg BT 444.26 573.05 Td (the ) Tj ET Q q 0 0 0 rg BT 459.94 573.05 Td (recognition ) Tj ET Q q 0 0 0 rg BT 507.14 573.05 Td (of ) Tj ET Q q 0 0 0 rg BT 517.81 573.05 Td (a ) Tj ET Q q 0 0 0 rg BT 525.99 573.05 Td (foreign ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 562.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 100.13 562.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 119.74 562.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 142.35 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.46 562.25 Td (rollover ) Tj ET Q q 0 0 0 rg BT 189.56 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 199.66 562.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 229.27 562.25 Td (contracts; ) Tj ET Q q 0 0 0 rg BT 270.88 562.25 Td (this ) Tj ET Q q 0 0 0 rg BT 287.48 562.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 307.09 562.25 Td (was ) Tj ET Q q 0 0 0 rg BT 325.69 562.25 Td (partly ) Tj ET Q q 0 0 0 rg BT 350.29 562.25 Td (of) Tj ET Q q 0 0 0 rg BT 357.64 562.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 374.74 562.25 Td (by ) Tj ET Q q 0 0 0 rg BT 386.84 562.25 Td (a ) Tj ET Q q 0 0 0 rg BT 394.44 562.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 434.06 562.25 Td (in ) Tj ET Q q 0 0 0 rg BT 443.66 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.76 562.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 499.89 562.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 524.50 562.25 Td (against ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 551.45 Td (the ) Tj ET Q q 0 0 0 rg BT 73.14 551.45 Td (euro ) Tj ET Q q 0 0 0 rg BT 93.28 551.45 Td (since ) Tj ET Q q 0 0 0 rg BT 116.42 551.45 Td (the ) Tj ET Q q 0 0 0 rg BT 131.06 551.45 Td (end ) Tj ET Q q 0 0 0 rg BT 148.20 551.45 Td (of ) Tj ET Q q 0 0 0 rg BT 157.84 551.45 Td (2012. ) Tj ET Q q 0 0 0 rg BT 182.35 551.45 Td (The ) Tj ET Q q 0 0 0 rg BT 199.98 551.45 Td (estimated ) Tj ET Q q 0 0 0 rg BT 241.13 551.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 269.77 551.45 Td (of ) Tj ET Q q 0 0 0 rg BT 279.40 551.45 Td (an ) Tj ET Q q 0 0 0 rg BT 291.54 551.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 327.68 551.45 Td (in ) Tj ET Q q 0 0 0 rg BT 336.82 551.45 Td (the ) Tj ET Q q 0 0 0 rg BT 351.46 551.45 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 392.12 551.45 Td (dollar ) Tj ET Q q 0 0 0 rg BT 416.26 551.45 Td (value ) Tj ET Q q 0 0 0 rg BT 439.90 551.45 Td (of ) Tj ET Q q 0 0 0 rg BT 449.53 551.45 Td ($0.01 ) Tj ET Q q 0 0 0 rg BT 474.18 551.45 Td (against ) Tj ET Q q 0 0 0 rg BT 505.33 551.45 Td (1.00 ) Tj ET Q q 0 0 0 rg BT 529.98 551.45 Td (would ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 540.65 Td (decrease ) Tj ET Q q 0 0 0 rg BT 97.78 540.65 Td (the ) Tj ET Q q 0 0 0 rg BT 112.55 540.65 Td (forward ) Tj ET Q q 0 0 0 rg BT 144.82 540.65 Td (foreign ) Tj ET Q q 0 0 0 rg BT 174.59 540.65 Td (exchange-related ) Tj ET Q q 0 0 0 rg BT 246.40 540.65 Td (asset ) Tj ET Q q 0 0 0 rg BT 270.17 540.65 Td (by ) Tj ET Q q 0 0 0 rg BT 281.93 540.65 Td ($0.07 ) Tj ET Q q 0 0 0 rg BT 306.71 540.65 Td (million. ) Tj ET Q q 0 0 0 rg BT 336.97 540.65 Td (Conversely) Tj ET Q q 0 0 0 rg BT 381.32 540.65 Td (, ) Tj ET Q q 0 0 0 rg BT 386.08 540.65 Td (a ) Tj ET Q q 0 0 0 rg BT 393.34 540.65 Td (decrease ) Tj ET Q q 0 0 0 rg BT 432.62 540.65 Td (of ) Tj ET Q q 0 0 0 rg BT 442.39 540.65 Td (the ) Tj ET Q q 0 0 0 rg BT 457.16 540.65 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 497.94 540.65 Td (dollar ) Tj ET Q q 0 0 0 rg BT 522.21 540.65 Td (value ) Tj ET Q q 0 0 0 rg BT 545.99 540.65 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 529.85 Td ($0.01 ) Tj ET Q q 0 0 0 rg BT 83.52 529.85 Td (against ) Tj ET Q q 0 0 0 rg BT 115.04 529.85 Td (1.00 ) Tj ET Q q 0 0 0 rg BT 140.07 529.85 Td (would ) Tj ET Q q 0 0 0 rg BT 166.08 529.85 Td (increase ) Tj ET Q q 0 0 0 rg BT 202.60 529.85 Td (the ) Tj ET Q q 0 0 0 rg BT 217.61 529.85 Td (forward ) Tj ET Q q 0 0 0 rg BT 250.12 529.85 Td (foreign ) Tj ET Q q 0 0 0 rg BT 280.14 529.85 Td (exchange-related ) Tj ET Q q 0 0 0 rg BT 352.19 529.85 Td (asset ) Tj ET Q q 0 0 0 rg BT 376.20 529.85 Td (by ) Tj ET Q q 0 0 0 rg BT 388.21 529.85 Td ($0.07million.) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0.6 rg BT 58.50 508.00 Td (NON-WHOLL) Tj ET Q q 0 0 0.6 rg BT 125.92 508.00 Td (Y) Tj ET Q q 0 0 0.6 rg BT 133.06 508.00 Td ( ) Tj ET Q q 0 0 0.6 rg BT 136.11 508.00 Td (OWNED ) Tj ET Q q 0 0 0.6 rg BT 181.33 508.00 Td (SUBSIDIARIES ) Tj ET Q q 0 0 0.6 rg BT 262.62 508.00 Td (THA) Tj ET Q q 0 0 0.6 rg BT 284.41 508.00 Td (T ) Tj ET Q q 0 0 0.6 rg BT 294.19 508.00 Td (HA) Tj ET Q q 0 0 0.6 rg BT 309.26 508.00 Td (VE ) Tj ET Q q 0 0 0.6 rg BT 326.58 508.00 Td (A) Tj ET Q q 0 0 0.6 rg BT 334.12 508.00 Td ( ) Tj ET Q q 0 0 0.6 rg BT 337.17 508.00 Td (MINORITY) Tj ET Q q 0 0 0.6 rg BT 390.75 508.00 Td ( ) Tj ET Q q 0 0 0.6 rg BT 393.81 508.00 Td (INTEREST) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 58.50 486.40 Td (Summarized ) Tj ET Q q 0 0 0 rg BT 110.88 486.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 145.77 486.40 Td (information ) Tj ET Q q 0 0 0 rg BT 192.16 486.40 Td (in ) Tj ET Q q 0 0 0 rg BT 201.04 486.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 232.42 486.40 Td (of ) Tj ET Q q 0 0 0 rg BT 241.80 486.40 Td (each ) Tj ET Q q 0 0 0 rg BT 263.18 486.40 Td (of ) Tj ET Q q 0 0 0 rg BT 272.56 486.40 Td (the ) Tj ET Q q 0 0 0 rg BT 286.94 486.40 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 342.05 486.40 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 391.44 486.40 Td (that ) Tj ET Q q 0 0 0 rg BT 408.32 486.40 Td (has ) Tj ET Q q 0 0 0 rg BT 424.70 486.40 Td (material ) Tj ET Q q 0 0 0 rg BT 458.58 486.40 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 519.49 486.40 Td (interests ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 475.60 Td (is ) Tj ET Q q 0 0 0 rg BT 67.50 475.60 Td (set ) Tj ET Q q 0 0 0 rg BT 82.01 475.60 Td (out ) Tj ET Q q 0 0 0 rg BT 97.02 475.60 Td (below) Tj ET Q q 0 0 0 rg BT 120.04 475.60 Td (. ) Tj ET Q q 0 0 0 rg BT 124.88 475.60 Td (The ) Tj ET Q q 0 0 0 rg BT 142.88 475.60 Td (summarized ) Tj ET Q q 0 0 0 rg BT 194.40 475.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 229.92 475.60 Td (information ) Tj ET Q q 0 0 0 rg BT 276.94 475.60 Td (below ) Tj ET Q q 0 0 0 rg BT 302.95 475.60 Td (represents ) Tj ET Q q 0 0 0 rg BT 347.98 475.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 385.00 475.60 Td (before ) Tj ET Q q 0 0 0 rg BT 413.02 475.60 Td (intragroup ) Tj ET Q q 0 0 0 rg BT 456.04 475.60 Td (eliminations.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0.6 rg BT 58.50 452.80 Td (Harrison ) Tj ET Q q 0 0 0.6 rg BT 102.40 452.80 Td (Hydro ) Tj ET Q q 0 0 0.6 rg BT 134.07 452.80 Td (L.P) Tj ET Q q 0 0 0.6 rg BT 148.34 452.80 Td (. ) Tj ET Q q 0 0 0.6 rg BT 153.90 452.80 Td (and ) Tj ET Q q 0 0 0.6 rg BT 174.45 452.80 Td (Its ) Tj ET Q q 0 0 0.6 rg BT 188.90 452.80 Td (Eight ) Tj ET Q q 0 0 0.6 rg BT 216.67 452.80 Td (Subsidiaries) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 58.50 431.20 Td (Harrison ) Tj ET Q q 0 0 0 rg BT 98.01 431.20 Td (Hydro ) Tj ET Q q 0 0 0 rg BT 126.51 431.20 Td (L.P) Tj ET Q q 0 0 0 rg BT 139.35 431.20 Td (.'s ) Tj ET Q q 0 0 0 rg BT 151.50 431.20 Td (Summary ) Tj ET Q q 0 0 0 rg BT 195.02 431.20 Td (Statements ) Tj ET Q q 0 0 0 rg BT 246.04 431.20 Td (of ) Tj ET Q q 0 0 0 rg BT 257.03 431.20 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 298.04 431.20 Td (and ) Tj ET Q q 0 0 0 rg BT 316.54 431.20 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 386.56 431.20 Td (Income) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 59.00 420.70 244.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 303.00 420.70 126.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 429.00 420.70 126.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 59.00 405.70 244.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 303.00 405.70 63.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 366.00 405.70 63.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 429.00 405.70 63.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 492.00 405.70 63.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 303.00 390.70 63.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 429.00 390.70 63.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 303.00 377.70 63.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 429.00 377.70 63.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 303.00 364.70 63.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 429.00 364.70 63.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 303.00 351.70 63.00 -14.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 429.00 351.70 63.00 -14.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 303.00 337.70 63.00 -20.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 429.00 337.70 63.00 -20.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 303.00 317.70 63.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 429.00 317.70 63.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 303.00 304.70 63.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 429.00 304.70 63.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 303.00 291.70 63.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 429.00 291.70 63.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 390.70000000000005 m 181 390.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181 390.70000000000005 m 303 390.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 390.70000000000005 m 366 390.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 390.70000000000005 m 429 390.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 390.70000000000005 m 492 390.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 390.70000000000005 m 555 390.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 390.70000000000005 m 366 390.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 390.70000000000005 m 429 390.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 390.70000000000005 m 492 390.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 390.70000000000005 m 555 390.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 352.70000000000005 m 181 352.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 350.70000000000005 m 181 350.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181 352.70000000000005 m 303 352.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181 350.70000000000005 m 303 350.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 352.70000000000005 m 366 352.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 350.70000000000005 m 366 350.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 352.70000000000005 m 429 352.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 350.70000000000005 m 429 350.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 352.70000000000005 m 492 352.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 350.70000000000005 m 492 350.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 352.70000000000005 m 555 352.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 350.70000000000005 m 555 350.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 291.70000000000005 m 181 291.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181 291.70000000000005 m 303 291.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 291.70000000000005 m 555 291.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 277.70000000000005 m 181 277.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 275.70000000000005 m 181 275.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181 277.70000000000005 m 303 277.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181 275.70000000000005 m 303 275.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 291.70000000000005 m 366 291.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 277.70000000000005 m 366 277.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 275.70000000000005 m 366 275.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 291.70000000000005 m 429 291.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 277.70000000000005 m 429 277.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 275.70000000000005 m 429 275.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 291.70000000000005 m 492 291.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 277.70000000000005 m 492 277.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 275.70000000000005 m 492 275.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 277.70000000000005 m 555 277.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 275.70000000000005 m 555 275.70000000000005 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 337.70 410.10 Td (Three months) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 469.20 410.10 Td (Six months) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 61.50 395.10 Td (For the periods ended June 30) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 323.95 395.10 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 386.95 395.10 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 449.95 395.10 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 512.95 395.10 Td (2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 61.50 381.65 Td (Revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.95 381.65 Td (21,007) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.95 381.65 Td (20,290) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.95 381.65 Td (25,861) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.95 381.65 Td (25,451) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 368.65 Td (Adjusted EBITDA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.95 368.65 Td (18,628) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.95 368.65 Td (18,005) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.95 368.65 Td (21,366) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.95 368.65 Td (21,571) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 355.65 Td (Net earnings \(loss\) and comprehensive income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.95 355.65 Td (4,890) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.95 355.65 Td (4,191) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.45 355.65 Td (\(754) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.50 355.65 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.95 355.65 Td (\(2,375) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.50 355.65 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 328.65 Td (Net earnings \(loss\) and comprehensive income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 319.70 Td (attributable to:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 308.65 Td ( Owners of the parent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.95 308.65 Td (2,296) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.95 308.65 Td (2,024) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.45 308.65 Td (\(669) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.50 308.65 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.95 308.65 Td (\(1,433) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.50 308.65 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 295.65 Td ( Non-controlling interests) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.95 295.65 Td (2,594) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.95 295.65 Td (2,167) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.45 295.65 Td (\(85) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.50 295.65 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.45 295.65 Td (\(942) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.50 295.65 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.95 281.10 Td (4,890) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.95 281.10 Td (4,191) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.45 281.10 Td (\(754) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.50 281.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.95 281.10 Td (\(2,375) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.50 281.10 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 255.60 Td (The ) Tj ET Q q 0 0 0 rg BT 75.94 255.60 Td (smaller ) Tj ET Q q 0 0 0 rg BT 106.87 255.60 Td (net ) Tj ET Q q 0 0 0 rg BT 121.31 255.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 139.24 255.60 Td (in ) Tj ET Q q 0 0 0 rg BT 148.17 255.60 Td (the ) Tj ET Q q 0 0 0 rg BT 162.61 255.60 Td (first ) Tj ET Q q 0 0 0 rg BT 179.04 255.60 Td (half ) Tj ET Q q 0 0 0 rg BT 195.47 255.60 Td (of ) Tj ET Q q 0 0 0 rg BT 204.91 255.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 229.36 255.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 271.31 255.60 Td (with ) Tj ET Q q 0 0 0 rg BT 289.24 255.60 Td (the ) Tj ET Q q 0 0 0 rg BT 303.68 255.60 Td (same ) Tj ET Q q 0 0 0 rg BT 327.61 255.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 359.06 255.60 Td (in ) Tj ET Q q 0 0 0 rg BT 367.99 255.60 Td (2012, ) Tj ET Q q 0 0 0 rg BT 392.44 255.60 Td (is ) Tj ET Q q 0 0 0 rg BT 400.87 255.60 Td (due ) Tj ET Q q 0 0 0 rg BT 417.81 255.60 Td (mainly ) Tj ET Q q 0 0 0 rg BT 445.75 255.60 Td (to ) Tj ET Q q 0 0 0 rg BT 455.18 255.60 Td (a ) Tj ET Q q 0 0 0 rg BT 462.11 255.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 485.55 255.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 516.99 255.60 Td (expense, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 244.80 Td (resulting ) Tj ET Q q 0 0 0 rg BT 96.35 244.80 Td (from ) Tj ET Q q 0 0 0 rg BT 118.18 244.80 Td (greater ) Tj ET Q q 0 0 0 rg BT 150.52 244.80 Td (negative ) Tj ET Q q 0 0 0 rg BT 188.38 244.80 Td (inflation ) Tj ET Q q 0 0 0 rg BT 223.23 244.80 Td (compensation ) Tj ET Q q 0 0 0 rg BT 283.09 244.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 316.43 244.80 Td (on ) Tj ET Q q 0 0 0 rg BT 330.27 244.80 Td (the ) Tj ET Q q 0 0 0 rg BT 346.61 244.80 Td (real ) Tj ET Q q 0 0 0 rg BT 365.45 244.80 Td (return ) Tj ET Q q 0 0 0 rg BT 392.79 244.80 Td (bonds ) Tj ET Q q 0 0 0 rg BT 421.14 244.80 Td (for ) Tj ET Q q 0 0 0 rg BT 435.47 244.80 Td (the ) Tj ET Q q 0 0 0 rg BT 451.81 244.80 Td (six ) Tj ET Q q 0 0 0 rg BT 466.64 244.80 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 521.49 244.80 Td (facilities ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 234.00 Td (\("Harrison ) Tj ET Q q 0 0 0 rg BT 100.98 234.00 Td (Operating ) Tj ET Q q 0 0 0 rg BT 142.78 234.00 Td (Facilities"\) ) Tj ET Q q 0 0 0 rg BT 186.25 234.00 Td (during ) Tj ET Q q 0 0 0 rg BT 213.55 234.00 Td (the ) Tj ET Q q 0 0 0 rg BT 228.34 234.00 Td (first ) Tj ET Q q 0 0 0 rg BT 245.11 234.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 275.91 234.00 Td (of ) Tj ET Q q 0 0 0 rg BT 285.69 234.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 307.99 234.00 Td (than ) Tj ET Q q 0 0 0 rg BT 327.78 234.00 Td (the ) Tj ET Q q 0 0 0 rg BT 342.57 234.00 Td (first ) Tj ET Q q 0 0 0 rg BT 359.34 234.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 390.14 234.00 Td (of ) Tj ET Q q 0 0 0 rg BT 399.92 234.00 Td (2012, ) Tj ET Q q 0 0 0 rg BT 424.72 234.00 Td (which ) Tj ET Q q 0 0 0 rg BT 450.00 234.00 Td (was ) Tj ET Q q 0 0 0 rg BT 468.29 234.00 Td (partly ) Tj ET Q q 0 0 0 rg BT 492.57 234.00 Td (of) Tj ET Q q 0 0 0 rg BT 499.91 234.00 Td (fset ) Tj ET Q q 0 0 0 rg BT 516.70 234.00 Td (by ) Tj ET Q q 0 0 0 rg BT 528.48 234.00 Td (higher ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 223.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 98.53 223.20 Td (expenses.) Tj ET Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 34.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 34) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 58.50 713.45 Td (Harrison ) Tj ET Q q 0 0 0 rg BT 98.01 713.45 Td (Hydro ) Tj ET Q q 0 0 0 rg BT 126.51 713.45 Td (L.P) Tj ET Q q 0 0 0 rg BT 139.35 713.45 Td (.'s ) Tj ET Q q 0 0 0 rg BT 151.50 713.45 Td (Summary ) Tj ET Q q 0 0 0 rg BT 195.02 713.45 Td (Statements ) Tj ET Q q 0 0 0 rg BT 246.04 713.45 Td (of ) Tj ET Q q 0 0 0 rg BT 257.03 713.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 298.54 713.45 Td (Position) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 59.00 702.95 253.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 312.00 702.95 120.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 432.00 702.95 120.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 312.00 687.95 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 312.00 674.95 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 312.00 661.95 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 312.00 648.95 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 312.00 635.95 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 312.00 622.95 120.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 687.95 m 189 687.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189 687.95 m 312 687.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 687.95 m 432 687.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 687.95 m 552 687.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 687.95 m 432 687.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 687.95 m 552 687.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 610.95 m 189 610.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 608.95 m 189 608.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189 610.95 m 312 610.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189 608.95 m 312 608.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 610.95 m 432 610.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 608.95 m 432 608.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 610.95 m 552 610.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 608.95 m 552 608.95 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 342.95 692.35 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 451.95 692.35 Td (December 31, 2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 61.50 678.90 Td (Current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.95 678.90 Td (30,312) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.95 678.90 Td (69,089) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 665.90 Td (Non-current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 389.95 665.90 Td (671,558) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.95 665.90 Td (680,279) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 652.90 Td (Current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.95 652.90 Td (13,994) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.95 652.90 Td (16,588) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 639.90 Td (Non-current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 389.95 639.90 Td (461,970) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.95 639.90 Td (459,221) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 626.90 Td (Equity attributable to owners) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 389.95 626.90 Td (134,582) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.95 626.90 Td (158,706) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 613.90 Td (Non-controlling interests) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.95 613.90 Td (91,324) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.95 613.90 Td (114,853) Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 588.85 Td (During ) Tj ET Q q 0 0 0 rg BT 87.07 588.85 Td (the ) Tj ET Q q 0 0 0 rg BT 101.65 588.85 Td (fourth ) Tj ET Q q 0 0 0 rg BT 126.72 588.85 Td (quarter ) Tj ET Q q 0 0 0 rg BT 157.30 588.85 Td (of ) Tj ET Q q 0 0 0 rg BT 166.87 588.85 Td (2012, ) Tj ET Q q 0 0 0 rg BT 191.45 588.85 Td (Harrison ) Tj ET Q q 0 0 0 rg BT 227.52 588.85 Td (Hydro ) Tj ET Q q 0 0 0 rg BT 253.59 588.85 Td (initiated ) Tj ET Q q 0 0 0 rg BT 286.68 588.85 Td (a ) Tj ET Q q 0 0 0 rg BT 293.74 588.85 Td (distribution ) Tj ET Q q 0 0 0 rg BT 339.33 588.85 Td (of ) Tj ET Q q 0 0 0 rg BT 348.90 588.85 Td ($46.9million ) Tj ET Q q 0 0 0 rg BT 401.49 588.85 Td (in ) Tj ET Q q 0 0 0 rg BT 410.56 588.85 Td (the ) Tj ET Q q 0 0 0 rg BT 425.13 588.85 Td (form ) Tj ET Q q 0 0 0 rg BT 445.19 588.85 Td (of ) Tj ET Q q 0 0 0 rg BT 454.76 588.85 Td (loans ) Tj ET Q q 0 0 0 rg BT 478.34 588.85 Td (to ) Tj ET Q q 0 0 0 rg BT 487.90 588.85 Td (its ) Tj ET Q q 0 0 0 rg BT 498.97 588.85 Td (shareholders; ) Tj ET Q q 0 0 0 rg BT 556.00 588.85 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 578.05 Td (in ) Tj ET Q q 0 0 0 rg BT 68.59 578.05 Td (the ) Tj ET Q q 0 0 0 rg BT 84.19 578.05 Td (second ) Tj ET Q q 0 0 0 rg BT 116.30 578.05 Td (quarter ) Tj ET Q q 0 0 0 rg BT 147.90 578.05 Td (of ) Tj ET Q q 0 0 0 rg BT 158.49 578.05 Td (2013, ) Tj ET Q q 0 0 0 rg BT 184.10 578.05 Td (it ) Tj ET Q q 0 0 0 rg BT 191.69 578.05 Td (declared ) Tj ET Q q 0 0 0 rg BT 229.30 578.05 Td (a ) Tj ET Q q 0 0 0 rg BT 237.39 578.05 Td (distribution ) Tj ET Q q 0 0 0 rg BT 284.00 578.05 Td (that ) Tj ET Q q 0 0 0 rg BT 302.10 578.05 Td (allowed ) Tj ET Q q 0 0 0 rg BT 335.70 578.05 Td (for ) Tj ET Q q 0 0 0 rg BT 349.29 578.05 Td (these ) Tj ET Q q 0 0 0 rg BT 374.40 578.05 Td (loans ) Tj ET Q q 0 0 0 rg BT 399.00 578.05 Td (to ) Tj ET Q q 0 0 0 rg BT 409.59 578.05 Td (be ) Tj ET Q q 0 0 0 rg BT 422.69 578.05 Td (reimbursed ) Tj ET Q q 0 0 0 rg BT 470.79 578.05 Td (by ) Tj ET Q q 0 0 0 rg BT 483.38 578.05 Td (the ) Tj ET Q q 0 0 0 rg BT 498.98 578.05 Td (shareholders, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 567.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 95.24 567.25 Td (in ) Tj ET Q q 0 0 0 rg BT 104.97 567.25 Td (a ) Tj ET Q q 0 0 0 rg BT 112.70 567.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 152.45 567.25 Td (in ) Tj ET Q q 0 0 0 rg BT 162.18 567.25 Td (current ) Tj ET Q q 0 0 0 rg BT 192.91 567.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 221.65 567.25 Td (as ) Tj ET Q q 0 0 0 rg BT 233.88 567.25 Td (well ) Tj ET Q q 0 0 0 rg BT 252.11 567.25 Td (as ) Tj ET Q q 0 0 0 rg BT 264.33 567.25 Td (a ) Tj ET Q q 0 0 0 rg BT 272.06 567.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 311.81 567.25 Td (in ) Tj ET Q q 0 0 0 rg BT 321.54 567.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 348.28 567.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 395.54 567.25 Td (to ) Tj ET Q q 0 0 0 rg BT 405.77 567.25 Td (owners ) Tj ET Q q 0 0 0 rg BT 437.50 567.25 Td (and ) Tj ET Q q 0 0 0 rg BT 455.24 567.25 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 517.00 567.25 Td (interests. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 556.45 Td (There ) Tj ET Q q 0 0 0 rg BT 84.45 556.45 Td (has ) Tj ET Q q 0 0 0 rg BT 101.41 556.45 Td (been ) Tj ET Q q 0 0 0 rg BT 123.87 556.45 Td (no ) Tj ET Q q 0 0 0 rg BT 136.32 556.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 165.27 556.45 Td (on ) Tj ET Q q 0 0 0 rg BT 177.72 556.45 Td (net ) Tj ET Q q 0 0 0 rg BT 192.68 556.45 Td (earnings ) Tj ET Q q 0 0 0 rg BT 229.64 556.45 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 254.08 556.45 Td (and ) Tj ET Q q 0 0 0 rg BT 271.54 556.45 Td (on ) Tj ET Q q 0 0 0 rg BT 283.99 556.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 305.45 556.45 Td (outflow ) Tj ET Q q 0 0 0 rg BT 336.40 556.45 Td (during ) Tj ET Q q 0 0 0 rg BT 363.86 556.45 Td (the ) Tj ET Q q 0 0 0 rg BT 378.82 556.45 Td (second ) Tj ET Q q 0 0 0 rg BT 410.28 556.45 Td (quarter) Tj ET Q q 0 0 0 rg BT 438.30 556.45 Td (, ) Tj ET Q q 0 0 0 rg BT 443.24 556.45 Td (as ) Tj ET Q q 0 0 0 rg BT 455.19 556.45 Td (the ) Tj ET Q q 0 0 0 rg BT 470.14 556.45 Td (outflow ) Tj ET Q q 0 0 0 rg BT 501.10 556.45 Td (of ) Tj ET Q q 0 0 0 rg BT 511.05 556.45 Td (funds ) Tj ET Q q 0 0 0 rg BT 535.51 556.45 Td (from ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 545.65 Td (investing ) Tj ET Q q 0 0 0 rg BT 96.52 545.65 Td (activities ) Tj ET Q q 0 0 0 rg BT 133.53 545.65 Td (of ) Tj ET Q q 0 0 0 rg BT 143.54 545.65 Td ($46.9million ) Tj ET Q q 0 0 0 rg BT 196.57 545.65 Td (resulting ) Tj ET Q q 0 0 0 rg BT 233.09 545.65 Td (from ) Tj ET Q q 0 0 0 rg BT 253.59 545.65 Td (the ) Tj ET Q q 0 0 0 rg BT 268.60 545.65 Td (loans ) Tj ET Q q 0 0 0 rg BT 292.61 545.65 Td (had ) Tj ET Q q 0 0 0 rg BT 310.13 545.65 Td (already ) Tj ET Q q 0 0 0 rg BT 342.15 545.65 Td (been ) Tj ET Q q 0 0 0 rg BT 364.67 545.65 Td (recorded ) Tj ET Q q 0 0 0 rg BT 402.69 545.65 Td (in ) Tj ET Q q 0 0 0 rg BT 412.20 545.65 Td (the ) Tj ET Q q 0 0 0 rg BT 427.21 545.65 Td (fourth ) Tj ET Q q 0 0 0 rg BT 452.72 545.65 Td (quarter ) Tj ET Q q 0 0 0 rg BT 483.74 545.65 Td (of ) Tj ET Q q 0 0 0 rg BT 493.75 545.65 Td (2012.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 58.50 524.05 Td (Harrison ) Tj ET Q q 0 0 0 rg BT 98.01 524.05 Td (Hydro ) Tj ET Q q 0 0 0 rg BT 126.51 524.05 Td (L.P) Tj ET Q q 0 0 0 rg BT 139.35 524.05 Td (.'s ) Tj ET Q q 0 0 0 rg BT 151.50 524.05 Td (Summary ) Tj ET Q q 0 0 0 rg BT 195.02 524.05 Td (Statements ) Tj ET Q q 0 0 0 rg BT 246.04 524.05 Td (of ) Tj ET Q q 0 0 0 rg BT 257.03 524.05 Td (Cash ) Tj ET Q q 0 0 0 rg BT 281.54 524.05 Td (Flows) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 60.00 513.55 251.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 311.00 513.55 120.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 431.00 513.55 120.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 311.00 498.55 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 311.00 485.55 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 311.00 472.55 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 311.00 459.55 120.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 60 498.55 m 190 498.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190 498.55 m 311 498.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 498.55 m 431 498.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 498.55 m 551 498.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 60 459.55 m 190 459.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190 459.55 m 311 459.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 459.55 m 551 459.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 60 459.55 m 190 459.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 60 447.55 m 190 447.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 60 445.55 m 190 445.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190 459.55 m 311 459.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190 447.55 m 311 447.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190 445.55 m 311 445.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 459.55 m 431 459.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 447.55 m 431 447.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 445.55 m 431 445.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 447.55 m 551 447.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 445.55 m 551 445.55 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 62.50 502.95 Td (For the six-month periods ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 364.45 502.95 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 484.45 502.95 Td (June 30, 2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 62.50 489.50 Td (Net cash \(outflow\) inflow from operating activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.95 489.50 Td (\(6,415) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.50 489.50 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.95 489.50 Td (4,209) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.50 476.50 Td (Net cash outflow from financing activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.95 476.50 Td (\(3,896) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.50 476.50 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.95 476.50 Td (\(3,726) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.50 476.50 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.50 463.50 Td (Net cash inflow from investing activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 398.95 463.50 Td (4,199) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.95 463.50 Td (37,662) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.50 450.50 Td (Net \(decrease\) increase in cash and cash equivalents) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.95 450.50 Td (\(6,112) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.50 450.50 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.95 450.50 Td (38,145) Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 424.25 Td (The ) Tj ET Q q 0 0 0 rg BT 76.77 424.25 Td (net ) Tj ET Q q 0 0 0 rg BT 92.04 424.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 113.81 424.25 Td (outflow ) Tj ET Q q 0 0 0 rg BT 145.09 424.25 Td (from ) Tj ET Q q 0 0 0 rg BT 165.85 424.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 210.64 424.25 Td (in ) Tj ET Q q 0 0 0 rg BT 220.41 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.68 424.25 Td (first ) Tj ET Q q 0 0 0 rg BT 252.94 424.25 Td (half ) Tj ET Q q 0 0 0 rg BT 270.21 424.25 Td (of ) Tj ET Q q 0 0 0 rg BT 280.47 424.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 305.76 424.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 348.54 424.25 Td (with ) Tj ET Q q 0 0 0 rg BT 367.30 424.25 Td (a ) Tj ET Q q 0 0 0 rg BT 375.07 424.25 Td (net ) Tj ET Q q 0 0 0 rg BT 390.34 424.25 Td (inflow ) Tj ET Q q 0 0 0 rg BT 416.11 424.25 Td (in ) Tj ET Q q 0 0 0 rg BT 425.88 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 441.15 424.25 Td (same ) Tj ET Q q 0 0 0 rg BT 465.92 424.25 Td (period ) Tj ET Q q 0 0 0 rg BT 493.70 424.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.96 424.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 529.25 424.25 Td (is ) Tj ET Q q 0 0 0 rg BT 538.51 424.25 Td (due ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 413.45 Td (mainly ) Tj ET Q q 0 0 0 rg BT 87.35 413.45 Td (to ) Tj ET Q q 0 0 0 rg BT 97.69 413.45 Td (a ) Tj ET Q q 0 0 0 rg BT 105.53 413.45 Td (negative ) Tj ET Q q 0 0 0 rg BT 142.40 413.45 Td (variation ) Tj ET Q q 0 0 0 rg BT 179.26 413.45 Td (in ) Tj ET Q q 0 0 0 rg BT 189.10 413.45 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 228.96 413.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 269.33 413.45 Td (working ) Tj ET Q q 0 0 0 rg BT 303.18 413.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 332.04 413.45 Td (items ) Tj ET Q q 0 0 0 rg BT 356.38 413.45 Td (resulting ) Tj ET Q q 0 0 0 rg BT 393.24 413.45 Td (from ) Tj ET Q q 0 0 0 rg BT 414.07 413.45 Td (an ) Tj ET Q q 0 0 0 rg BT 426.92 413.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 463.78 413.45 Td (in ) Tj ET Q q 0 0 0 rg BT 473.63 413.45 Td (accounts ) Tj ET Q q 0 0 0 rg BT 512.49 413.45 Td (receivable ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 402.65 Td (and ) Tj ET Q q 0 0 0 rg BT 76.02 402.65 Td (a ) Tj ET Q q 0 0 0 rg BT 83.52 402.65 Td (decrease ) Tj ET Q q 0 0 0 rg BT 123.05 402.65 Td (in ) Tj ET Q q 0 0 0 rg BT 132.55 402.65 Td (accounts ) Tj ET Q q 0 0 0 rg BT 171.07 402.65 Td (payable ) Tj ET Q q 0 0 0 rg BT 205.10 402.65 Td (since ) Tj ET Q q 0 0 0 rg BT 228.61 402.65 Td (December ) Tj ET Q q 0 0 0 rg BT 272.63 402.65 Td (31, ) Tj ET Q q 0 0 0 rg BT 287.64 402.65 Td (2012.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0.6 rg BT 58.50 379.85 Td (Creek ) Tj ET Q q 0 0 0.6 rg BT 89.08 379.85 Td (Power ) Tj ET Q q 0 0 0.6 rg BT 121.86 379.85 Td (Inc. ) Tj ET Q q 0 0 0.6 rg BT 141.87 379.85 Td (and ) Tj ET Q q 0 0 0.6 rg BT 162.43 379.85 Td (Its ) Tj ET Q q 0 0 0.6 rg BT 176.87 379.85 Td (Six ) Tj ET Q q 0 0 0.6 rg BT 194.66 379.85 Td (Subsidiaries) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 58.50 358.25 Td (Creek ) Tj ET Q q 0 0 0 rg BT 86.02 358.25 Td (Power ) Tj ET Q q 0 0 0 rg BT 115.53 358.25 Td (Inc.'s ) Tj ET Q q 0 0 0 rg BT 140.68 358.25 Td (Summary ) Tj ET Q q 0 0 0 rg BT 184.20 358.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 235.21 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 246.21 358.25 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 287.22 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 305.72 358.25 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 375.74 358.25 Td (Income) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 59.00 347.75 235.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 294.00 347.75 130.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 424.00 347.75 130.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 59.00 332.75 235.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 294.00 332.75 65.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 359.00 332.75 65.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 424.00 332.75 65.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 489.00 332.75 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 294.00 317.75 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 424.00 317.75 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 294.00 304.75 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 424.00 304.75 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 294.00 291.75 65.00 -13.00 re f /GS0 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279.75 m 179 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 277.75 m 179 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 279.75 m 294 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 277.75 m 294 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 279.75 m 359 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 277.75 m 359 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 279.75 m 424 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 277.75 m 424 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 279.75 m 489 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 277.75 m 489 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 279.75 m 554 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 277.75 m 554 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 222.75 m 179 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 222.75 m 294 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 222.75 m 424 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 222.75 m 489 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 222.75 m 554 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 210.75 m 179 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 208.75 m 179 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 210.75 m 294 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 208.75 m 294 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 222.75 m 359 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 210.75 m 359 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 208.75 m 359 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 222.75 m 424 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 210.75 m 424 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 208.75 m 424 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 222.75 m 489 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 210.75 m 489 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 208.75 m 489 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 210.75 m 554 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 208.75 m 554 208.75 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 330.70 337.15 Td (Three months) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 466.20 337.15 Td (Six months) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 61.50 322.15 Td (For the periods ended June 30) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 315.95 322.15 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 380.95 322.15 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 445.95 322.15 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 510.95 322.15 Td (2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 61.50 308.70 Td (Revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.45 308.70 Td (858) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.45 308.70 Td (721) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.45 308.70 Td (868) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.45 308.70 Td (729) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 295.70 Td (Adjusted EBITDA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.45 295.70 Td (413) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.45 295.70 Td (234) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.45 295.70 Td (34) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.45 295.70 Td (\(73) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.50 295.70 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 282.70 Td (Net earnings \(loss\) and comprehensive income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.45 282.70 Td (472) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 388.95 282.70 Td (\(1,351) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.50 282.70 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.45 282.70 Td (\(358) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.50 282.70 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.95 282.70 Td (\(1,635) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.50 282.70 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 260.70 Td (Net earnings \(loss\) and comprehensive income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 251.70 Td (attributable to:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 239.70 Td ( Owners of the parent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.45 239.70 Td (320) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.45 239.70 Td (\(665) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.50 239.70 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.45 239.70 Td (\(226) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.50 239.70 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.95 239.70 Td (\(1,253) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.50 239.70 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 226.70 Td ( Non-controlling interest) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.45 226.70 Td (152) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.45 226.70 Td (\(686) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.50 226.70 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.45 226.70 Td (\(132) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.50 226.70 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.45 226.70 Td (\(382) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.50 226.70 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.45 213.70 Td (472) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 388.95 213.70 Td (\(1,351) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.50 213.70 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.45 213.70 Td (\(358) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.50 213.70 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.95 213.70 Td (\(1,635) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.50 213.70 Td (\)) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 71 0 obj <> endobj 72 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 34.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 35) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 58.50 691.85 Td (Creek ) Tj ET Q q 0 0 0 rg BT 86.02 691.85 Td (Power ) Tj ET Q q 0 0 0 rg BT 115.53 691.85 Td (Inc.'s ) Tj ET Q q 0 0 0 rg BT 140.68 691.85 Td (Summary ) Tj ET Q q 0 0 0 rg BT 184.20 691.85 Td (Statements ) Tj ET Q q 0 0 0 rg BT 235.21 691.85 Td (of ) Tj ET Q q 0 0 0 rg BT 246.21 691.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 287.72 691.85 Td (Position) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.00 681.35 255.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 313.00 681.35 120.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 433.00 681.35 120.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.00 666.35 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.00 653.35 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.00 640.35 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.00 627.35 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.00 614.35 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.00 601.35 120.00 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/GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 587.35 m 553 587.35 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 343.95 670.75 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 452.95 670.75 Td (December 31, 2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 60.50 657.30 Td (Current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.95 657.30 Td (1,234) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.95 657.30 Td (1,358) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 60.50 644.30 Td (Non-current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.95 644.30 Td (48,028) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.95 644.30 Td (40,010) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 60.50 631.30 Td (Current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.95 631.30 Td (10,912) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.95 631.30 Td (8,987) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 60.50 618.30 Td (Non-current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.95 618.30 Td (50,178) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.95 618.30 Td (43,852) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 60.50 605.30 Td (Deficit attributable to owners) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.95 605.30 Td (\(11,692) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.50 605.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.95 605.30 Td (\(11,467) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.50 605.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 60.50 592.30 Td (Non-controlling interest) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.45 592.30 Td (\(136) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.50 592.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.45 592.30 Td (\(4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.50 592.30 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 567.25 Td (The ) Tj ET Q q 0 0 0 rg BT 75.70 567.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 111.41 567.25 Td (in ) Tj ET Q q 0 0 0 rg BT 120.10 567.25 Td (non-current ) Tj ET Q q 0 0 0 rg BT 167.82 567.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 195.52 567.25 Td (and ) Tj ET Q q 0 0 0 rg BT 212.23 567.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 270.96 567.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 306.66 567.25 Td (in ) Tj ET Q q 0 0 0 rg BT 315.36 567.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 341.07 567.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 387.29 567.25 Td (to ) Tj ET Q q 0 0 0 rg BT 396.48 567.25 Td (owners ) Tj ET Q q 0 0 0 rg BT 427.19 567.25 Td (is ) Tj ET Q q 0 0 0 rg BT 435.38 567.25 Td (due ) Tj ET Q q 0 0 0 rg BT 452.09 567.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 479.78 567.25 Td (to ) Tj ET Q q 0 0 0 rg BT 488.98 567.25 Td (pre-construction ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 556.45 Td (spending ) Tj ET Q q 0 0 0 rg BT 97.53 556.45 Td (for ) Tj ET Q q 0 0 0 rg BT 110.54 556.45 Td (the ) Tj ET Q q 0 0 0 rg BT 125.55 556.45 Td (Upper ) Tj ET Q q 0 0 0 rg BT 152.56 556.45 Td (Lillooet ) Tj ET Q q 0 0 0 rg BT 183.58 556.45 Td (and ) Tj ET Q q 0 0 0 rg BT 201.10 556.45 Td (Boulder ) Tj ET Q q 0 0 0 rg BT 234.62 556.45 Td (Creek ) Tj ET Q q 0 0 0 rg BT 261.13 556.45 Td (projects.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 58.50 534.85 Td (Creek ) Tj ET Q q 0 0 0 rg BT 86.02 534.85 Td (Power ) Tj ET Q q 0 0 0 rg BT 115.53 534.85 Td (Inc.'s ) Tj ET Q q 0 0 0 rg BT 140.68 534.85 Td (Summary ) Tj ET Q q 0 0 0 rg BT 184.20 534.85 Td (Statements ) Tj ET Q q 0 0 0 rg BT 235.21 534.85 Td (of ) Tj ET Q q 0 0 0 rg BT 246.21 534.85 Td (Cash ) Tj ET Q q 0 0 0 rg BT 270.72 534.85 Td (Flows) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.00 524.35 255.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 313.00 524.35 120.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 433.00 524.35 120.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.00 509.35 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.00 496.35 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.00 483.35 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.00 470.35 120.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 509.35 m 188 509.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 509.35 m 313 509.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 509.35 m 433 509.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 509.35 m 553 509.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 509.35 m 188 509.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 509.35 m 313 509.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 509.35 m 433 509.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 470.35 m 188 470.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 470.35 m 313 470.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 470.35 m 433 470.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 470.35 m 553 470.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 470.35 m 188 470.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 456.35 m 188 456.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 454.35 m 188 454.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 470.35 m 313 470.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 456.35 m 313 456.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 454.35 m 313 454.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 470.35 m 433 470.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 456.35 m 433 456.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 454.35 m 433 454.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 456.35 m 553 456.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 454.35 m 553 454.35 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 60.50 513.75 Td (For the six-month periods ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 366.45 513.75 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 486.45 513.75 Td (June 30, 2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 60.50 500.30 Td (Net cash outflow from operating activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.45 500.30 Td (\(969) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.50 500.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 500.30 Td (\(697) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.50 500.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 60.50 487.30 Td (Net cash inflow from financing activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.95 487.30 Td (8,048) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.95 487.30 Td (1,273) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 60.50 474.30 Td (Net cash outflow from investing activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 397.95 474.30 Td (\(7,873) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.50 474.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.95 474.30 Td (\(1,081) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.50 474.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 60.50 459.75 Td (Net decrease in cash and cash equivalents) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.45 459.75 Td (\(794) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.50 459.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 459.75 Td (\(505) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.50 459.75 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0.6 rg BT 58.50 421.05 Td (Kwoiek Creek Resources L.P) Tj ET Q q 0 0 0.6 rg BT 195.05 421.05 Td (.) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 58.50 399.45 Td (Kwoiek Creek Resources L.P) Tj ET Q q 0 0 0 rg BT 181.39 399.45 Td (.'s Summary Statements of Earnings and Comprehensive Income) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 59.00 388.95 235.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 294.00 388.95 130.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 424.00 388.95 130.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 59.00 373.95 235.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 294.00 373.95 65.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 359.00 373.95 65.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 424.00 373.95 65.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 489.00 373.95 65.00 -15.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 294.00 358.95 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 424.00 358.95 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 294.00 345.95 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 424.00 345.95 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 294.00 332.95 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 424.00 332.95 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 294.00 319.95 65.00 -9.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 424.00 319.95 65.00 -9.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 294.00 310.95 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 424.00 310.95 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 294.00 297.95 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 424.00 297.95 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 294.00 284.95 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 424.00 284.95 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 294.00 271.95 65.00 -13.00 re f /GS0 gs 0.7490196078431373 0.7490196078431373 0.7490196078431373 rg /GS0 gs 424.00 271.95 65.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 358.95000000000005 m 176 358.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 358.95000000000005 m 294 358.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 358.95000000000005 m 359 358.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 358.95000000000005 m 424 358.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 358.95000000000005 m 489 358.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 358.95000000000005 m 554 358.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 358.95000000000005 m 359 358.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 358.95000000000005 m 424 358.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 358.95000000000005 m 489 358.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 358.95000000000005 m 554 358.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 320.95000000000005 m 176 320.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 318.95000000000005 m 176 318.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 320.95000000000005 m 294 320.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 318.95000000000005 m 294 318.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 320.95000000000005 m 359 320.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 318.95000000000005 m 359 318.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 320.95000000000005 m 424 320.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 318.95000000000005 m 424 318.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 320.95000000000005 m 489 320.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 318.95000000000005 m 489 318.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 320.95000000000005 m 554 320.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 318.95000000000005 m 554 318.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 271.95000000000005 m 176 271.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 271.95000000000005 m 294 271.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 271.95000000000005 m 424 271.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 271.95000000000005 m 489 271.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 271.95000000000005 m 554 271.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 259.95000000000005 m 176 259.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 59 257.95000000000005 m 176 257.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 259.95000000000005 m 294 259.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 257.95000000000005 m 294 257.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 271.95000000000005 m 359 271.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 259.95000000000005 m 359 259.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 257.95000000000005 m 359 257.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 271.95000000000005 m 424 271.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 259.95000000000005 m 424 259.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 257.95000000000005 m 424 257.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 271.95000000000005 m 489 271.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 259.95000000000005 m 489 259.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 257.95000000000005 m 489 257.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 259.95000000000005 m 554 259.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 257.95000000000005 m 554 257.95000000000005 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 330.70 378.35 Td (Three months) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 466.20 378.35 Td (Six months) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 61.50 363.35 Td (For the periods ended June 30) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 315.95 363.35 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 380.95 363.35 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 445.95 363.35 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 510.95 363.35 Td (2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 61.50 349.90 Td (Revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.50 349.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.50 349.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.50 349.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.50 349.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 336.90 Td (Adjusted EBITDA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.45 336.90 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.50 336.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 406.45 336.90 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.50 336.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.45 336.90 Td (\(5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.50 336.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.45 336.90 Td (\(4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.50 336.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 323.90 Td (Net loss and comprehensive loss) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.45 323.90 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.50 323.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 388.95 323.90 Td (\(8,583) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.50 323.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.45 323.90 Td (\(5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.50 323.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.95 323.90 Td (\(5,204) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.50 323.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 301.90 Td (Net loss and comprehensive loss attributable to:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 288.90 Td ( Owners of the parent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.45 288.90 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.50 288.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 388.95 288.90 Td (\(4,292) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.50 288.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.45 288.90 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.50 288.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.95 288.90 Td (\(2,600) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.50 288.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.50 275.90 Td ( Non-controlling interest) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.45 275.90 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.50 275.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 388.95 275.90 Td (\(4,291) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.50 275.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.45 275.90 Td (\(3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.50 275.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.95 275.90 Td (\(2,604) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.50 275.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.45 262.90 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.50 262.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 388.95 262.90 Td (\(8,583) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.50 262.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.45 262.90 Td (\(5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.50 262.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.95 262.90 Td (\(5,204) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.50 262.90 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 237.85 Td (The ) Tj ET Q q 0 0 0 rg BT 75.97 237.85 Td (net ) Tj ET Q q 0 0 0 rg BT 90.44 237.85 Td (losses ) Tj ET Q q 0 0 0 rg BT 117.92 237.85 Td (recorded ) Tj ET Q q 0 0 0 rg BT 155.40 237.85 Td (for ) Tj ET Q q 0 0 0 rg BT 167.86 237.85 Td (the ) Tj ET Q q 0 0 0 rg BT 182.34 237.85 Td (second ) Tj ET Q q 0 0 0 rg BT 213.32 237.85 Td (quarter ) Tj ET Q q 0 0 0 rg BT 243.80 237.85 Td (and ) Tj ET Q q 0 0 0 rg BT 260.78 237.85 Td (the ) Tj ET Q q 0 0 0 rg BT 275.25 237.85 Td (six-month ) Tj ET Q q 0 0 0 rg BT 316.22 237.85 Td (period ) Tj ET Q q 0 0 0 rg BT 343.20 237.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 370.19 237.85 Td (June ) Tj ET Q q 0 0 0 rg BT 391.67 237.85 Td (30, ) Tj ET Q q 0 0 0 rg BT 406.14 237.85 Td (2012, ) Tj ET Q q 0 0 0 rg BT 430.63 237.85 Td (are ) Tj ET Q q 0 0 0 rg BT 445.59 237.85 Td (due ) Tj ET Q q 0 0 0 rg BT 462.57 237.85 Td (mainly ) Tj ET Q q 0 0 0 rg BT 490.54 237.85 Td (to ) Tj ET Q q 0 0 0 rg BT 500.01 237.85 Td (an ) Tj ET Q q 0 0 0 rg BT 511.98 237.85 Td (unrealized ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 227.05 Td (loss ) Tj ET Q q 0 0 0 rg BT 77.01 227.05 Td (on ) Tj ET Q q 0 0 0 rg BT 89.52 227.05 Td (derivative ) Tj ET Q q 0 0 0 rg BT 130.54 227.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 166.06 227.05 Td (instruments ) Tj ET Q q 0 0 0 rg BT 215.07 227.05 Td (resulting ) Tj ET Q q 0 0 0 rg BT 251.59 227.05 Td (from ) Tj ET Q q 0 0 0 rg BT 272.09 227.05 Td (the ) Tj ET Q q 0 0 0 rg BT 287.10 227.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 326.63 227.05 Td (in ) Tj ET Q q 0 0 0 rg BT 336.13 227.05 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 383.15 227.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 415.17 227.05 Td (rates ) Tj ET Q q 0 0 0 rg BT 437.68 227.05 Td (since ) Tj ET Q q 0 0 0 rg BT 461.19 227.05 Td (the ) Tj ET Q q 0 0 0 rg BT 476.20 227.05 Td (end ) Tj ET Q q 0 0 0 rg BT 493.72 227.05 Td (of ) Tj ET Q q 0 0 0 rg BT 503.72 227.05 Td (201) Tj ET Q q 0 0 0 rg BT 518.07 227.05 Td (1.) Tj ET Q endstream endobj 73 0 obj <> endobj 74 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 34.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 36) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 58.50 702.65 Td (Kwoiek ) Tj ET Q q 0 0 0 rg BT 92.51 702.65 Td (Creek ) Tj ET Q q 0 0 0 rg BT 120.03 702.65 Td (Resources ) Tj ET Q q 0 0 0 rg BT 168.55 702.65 Td (L.P) Tj ET Q q 0 0 0 rg BT 181.39 702.65 Td (.'s ) Tj ET Q q 0 0 0 rg BT 193.54 702.65 Td (Summary ) Tj ET Q q 0 0 0 rg BT 237.06 702.65 Td (Statements ) Tj ET Q q 0 0 0 rg BT 288.07 702.65 Td (of ) Tj ET Q q 0 0 0 rg BT 299.07 702.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 340.58 702.65 Td (Position) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.00 692.15 255.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 313.00 692.15 120.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 433.00 692.15 120.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.00 677.15 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.00 664.15 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.00 651.15 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.00 638.15 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.00 625.15 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.00 612.15 120.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 677.15 m 188 677.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 677.15 m 313 677.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 677.15 m 433 677.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 677.15 m 553 677.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 677.15 m 433 677.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 677.15 m 553 677.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 600.15 m 188 600.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 598.15 m 188 598.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 600.15 m 313 600.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 598.15 m 313 598.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 600.15 m 433 600.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 598.15 m 433 598.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 600.15 m 553 600.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 598.15 m 553 598.15 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 343.95 681.55 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 452.95 681.55 Td (December 31, 2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 60.50 668.10 Td (Current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.95 668.10 Td (57,212) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.95 668.10 Td (88,502) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 60.50 655.10 Td (Non-current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 390.95 655.10 Td (156,517) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.95 655.10 Td (113,796) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 60.50 642.10 Td (Current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.95 642.10 Td (25,985) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.95 642.10 Td (17,529) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 60.50 629.10 Td (Non-current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 390.95 629.10 Td (202,404) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.95 629.10 Td (199,424) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 60.50 616.10 Td (Deficit attributable to owners) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 397.95 616.10 Td (\(7,529) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.50 616.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.95 616.10 Td (\(7,527) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.50 616.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 60.50 603.10 Td (Non-controlling interests) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 397.95 603.10 Td (\(7,131) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.50 603.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.95 603.10 Td (\(7,128) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.50 603.10 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 578.05 Td (The ) Tj ET Q q 0 0 0 rg BT 77.25 578.05 Td (small ) Tj ET Q q 0 0 0 rg BT 101.49 578.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 134.75 578.05 Td (of ) Tj ET Q q 0 0 0 rg BT 145.50 578.05 Td (equity ) Tj ET Q q 0 0 0 rg BT 172.75 578.05 Td (attributable ) Tj ET Q q 0 0 0 rg BT 220.52 578.05 Td (to ) Tj ET Q q 0 0 0 rg BT 231.27 578.05 Td (owners ) Tj ET Q q 0 0 0 rg BT 263.52 578.05 Td (is ) Tj ET Q q 0 0 0 rg BT 273.26 578.05 Td (due ) Tj ET Q q 0 0 0 rg BT 291.52 578.05 Td (to ) Tj ET Q q 0 0 0 rg BT 302.26 578.05 Td (the ) Tj ET Q q 0 0 0 rg BT 318.01 578.05 Td (fact ) Tj ET Q q 0 0 0 rg BT 335.76 578.05 Td (that ) Tj ET Q q 0 0 0 rg BT 354.01 578.05 Td (the ) Tj ET Q q 0 0 0 rg BT 369.76 578.05 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 426.25 578.05 Td (investment ) Tj ET Q q 0 0 0 rg BT 473.01 578.05 Td (is ) Tj ET Q q 0 0 0 rg BT 482.75 578.05 Td (under ) Tj ET Q q 0 0 0 rg BT 509.01 578.05 Td (the ) Tj ET Q q 0 0 0 rg BT 524.76 578.05 Td (form ) Tj ET Q q 0 0 0 rg BT 546.00 578.05 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 567.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 113.04 567.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 133.06 567.25 Td (and ) Tj ET Q q 0 0 0 rg BT 150.57 567.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 189.59 567.25 Td (units, ) Tj ET Q q 0 0 0 rg BT 213.60 567.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.12 567.25 Td (is ) Tj ET Q q 0 0 0 rg BT 240.12 567.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 278.64 567.25 Td (included ) Tj ET Q q 0 0 0 rg BT 314.67 567.25 Td (in ) Tj ET Q q 0 0 0 rg BT 324.18 567.25 Td (non-current ) Tj ET Q q 0 0 0 rg BT 372.70 567.25 Td (liabilities.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 58.50 545.65 Td (Kwoiek ) Tj ET Q q 0 0 0 rg BT 92.51 545.65 Td (Creek ) Tj ET Q q 0 0 0 rg BT 120.03 545.65 Td (Resources ) Tj ET Q q 0 0 0 rg BT 168.55 545.65 Td (L.P) Tj ET Q q 0 0 0 rg BT 181.39 545.65 Td (.'s ) Tj ET Q q 0 0 0 rg BT 193.54 545.65 Td (Summary ) Tj ET Q q 0 0 0 rg BT 237.06 545.65 Td (Statements ) Tj ET Q q 0 0 0 rg BT 288.07 545.65 Td (of ) Tj ET Q q 0 0 0 rg BT 299.07 545.65 Td (Cash ) Tj ET Q q 0 0 0 rg BT 323.58 545.65 Td (Flows) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.00 535.15 255.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 313.00 535.15 120.00 -15.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 433.00 535.15 120.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.00 520.15 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.00 507.15 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.00 494.15 120.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.00 481.15 120.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 520.15 m 177 520.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 520.15 m 313 520.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 520.15 m 433 520.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 520.15 m 553 520.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 520.15 m 433 520.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 520.15 m 553 520.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 481.15 m 177 481.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 481.15 m 313 481.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 481.15 m 553 481.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 481.15 m 177 481.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 467.15 m 177 467.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 465.15 m 177 465.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 481.15 m 313 481.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 467.15 m 313 467.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 465.15 m 313 465.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 481.15 m 433 481.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 467.15 m 433 467.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 465.15 m 433 465.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 467.15 m 553 467.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 465.15 m 553 465.15 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 60.50 524.55 Td (For the six-month periods ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 366.45 524.55 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 486.45 524.55 Td (June 30, 2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 60.50 511.10 Td (Net cash inflow from operating activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.45 511.10 Td (488) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.45 511.10 Td (509) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 60.50 498.10 Td (Net cash inflow from financing activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.95 498.10 Td (2,980) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.95 498.10 Td (28,485) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 60.50 485.10 Td (Net cash outflow from investing activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 397.95 485.10 Td (\(2,545) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.50 485.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.95 485.10 Td (\(28,225) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.50 485.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 60.50 470.55 Td (Net increase in cash and cash equivalents) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.45 470.55 Td (923) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.45 470.55 Td (769) Tj ET Q BT /F2 10.00 Tf ET BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 58.50 434.00 Td (SUBSEQUENT EVENTS) Tj ET Q BT /F4 10.00 Tf ET q 0.2 0 0.6 rg BT 58.50 411.20 Td (Closing of the Magpie ) Tj ET Q q 0.2 0 0.6 rg BT 164.79 411.20 Td (Acquisition ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 58.50 389.60 Td (On ) Tj ET Q q 0 0 0 rg BT 73.52 389.60 Td (July ) Tj ET Q q 0 0 0 rg BT 92.54 389.60 Td (25, ) Tj ET Q q 0 0 0 rg BT 108.06 389.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 131.09 389.60 Td (the ) Tj ET Q q 0 0 0 rg BT 146.62 389.60 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 196.65 389.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 241.19 389.60 Td (the ) Tj ET Q q 0 0 0 rg BT 256.71 389.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 300.24 389.60 Td (announced ) Tj ET Q q 0 0 0 rg BT 347.80 389.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 393.34 389.60 Td (of ) Tj ET Q q 0 0 0 rg BT 403.85 389.60 Td (the ) Tj ET Q q 0 0 0 rg BT 419.38 389.60 Td (Magpie ) Tj ET Q q 0 0 0 rg BT 451.91 389.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 479.93 389.60 Td (located ) Tj ET Q q 0 0 0 rg BT 511.96 389.60 Td (in ) Tj ET Q q 0 0 0 rg BT 521.98 389.60 Td (Quebec ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 378.80 Td (from ) Tj ET Q q 0 0 0 rg BT 79.25 378.80 Td (the ) Tj ET Q q 0 0 0 rg BT 94.52 378.80 Td (Hydromega ) Tj ET Q q 0 0 0 rg BT 143.79 378.80 Td (Group ) Tj ET Q q 0 0 0 rg BT 171.56 378.80 Td (of ) Tj ET Q q 0 0 0 rg BT 181.82 378.80 Td (Companies. ) Tj ET Q q 0 0 0 rg BT 232.60 378.80 Td (Magpie ) Tj ET Q q 0 0 0 rg BT 264.87 378.80 Td (is ) Tj ET Q q 0 0 0 rg BT 274.12 378.80 Td (a ) Tj ET Q q 0 0 0 rg BT 281.88 378.80 Td (40.6MW ) Tj ET Q q 0 0 0 rg BT 320.64 378.80 Td (run-of-river ) Tj ET Q q 0 0 0 rg BT 367.40 378.80 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 421.17 378.80 Td (facility ) Tj ET Q q 0 0 0 rg BT 448.93 378.80 Td (located ) Tj ET Q q 0 0 0 rg BT 480.71 378.80 Td (on ) Tj ET Q q 0 0 0 rg BT 493.47 378.80 Td (Crown ) Tj ET Q q 0 0 0 rg BT 522.23 378.80 Td (lands ) Tj ET Q q 0 0 0 rg BT 546.50 378.80 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 368.00 Td (the ) Tj ET Q q 0 0 0 rg BT 73.25 368.00 Td (Minganie ) Tj ET Q q 0 0 0 rg BT 112.02 368.00 Td (Regional ) Tj ET Q q 0 0 0 rg BT 149.79 368.00 Td (County ) Tj ET Q q 0 0 0 rg BT 180.55 368.00 Td (Municipality ) Tj ET Q q 0 0 0 rg BT 229.81 368.00 Td (in ) Tj ET Q q 0 0 0 rg BT 239.05 368.00 Td (Northeastern ) Tj ET Q q 0 0 0 rg BT 293.32 368.00 Td (Quebec. ) Tj ET Q q 0 0 0 rg BT 329.44 368.00 Td (This ) Tj ET Q q 0 0 0 rg BT 348.69 368.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 375.94 368.00 Td (began ) Tj ET Q q 0 0 0 rg BT 403.21 368.00 Td (commercial ) Tj ET Q q 0 0 0 rg BT 451.45 368.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 495.73 368.00 Td (in ) Tj ET Q q 0 0 0 rg BT 504.97 368.00 Td (2007 ) Tj ET Q q 0 0 0 rg BT 527.24 368.00 Td (and ) Tj ET Q q 0 0 0 rg BT 544.50 368.00 Td (all ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 357.20 Td (of ) Tj ET Q q 0 0 0 rg BT 68.52 357.20 Td (the ) Tj ET Q q 0 0 0 rg BT 83.55 357.20 Td (electricity ) Tj ET Q q 0 0 0 rg BT 123.57 357.20 Td (it ) Tj ET Q q 0 0 0 rg BT 130.59 357.20 Td (produces ) Tj ET Q q 0 0 0 rg BT 170.13 357.20 Td (is ) Tj ET Q q 0 0 0 rg BT 179.15 357.20 Td (sold ) Tj ET Q q 0 0 0 rg BT 198.17 357.20 Td (to ) Tj ET Q q 0 0 0 rg BT 208.20 357.20 Td (Hydro-Qubec ) Tj ET Q q 0 0 0 rg BT 269.24 357.20 Td (under ) Tj ET Q q 0 0 0 rg BT 294.77 357.20 Td (a ) Tj ET Q q 0 0 0 rg BT 302.30 357.20 Td (25-year ) Tj ET Q q 0 0 0 rg BT 335.33 357.20 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 379.36 357.20 Td (power ) Tj ET Q q 0 0 0 rg BT 406.39 357.20 Td (purchase ) Tj ET Q q 0 0 0 rg BT 445.93 357.20 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 493.97 357.20 Td (which ) Tj ET Q q 0 0 0 rg BT 519.50 357.20 Td (provides ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 346.40 Td (for ) Tj ET Q q 0 0 0 rg BT 71.65 346.40 Td (an ) Tj ET Q q 0 0 0 rg BT 84.32 346.40 Td (annual ) Tj ET Q q 0 0 0 rg BT 113.99 346.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 150.66 346.40 Td (to ) Tj ET Q q 0 0 0 rg BT 160.82 346.40 Td (the ) Tj ET Q q 0 0 0 rg BT 175.98 346.40 Td (selling ) Tj ET Q q 0 0 0 rg BT 204.15 346.40 Td (price ) Tj ET Q q 0 0 0 rg BT 226.30 346.40 Td (of ) Tj ET Q q 0 0 0 rg BT 236.46 346.40 Td (1%.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 251.97 346.40 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 254.62 346.40 Td (Magpie ) Tj ET Q q 0 0 0 rg BT 286.79 346.40 Td (has ) Tj ET Q q 0 0 0 rg BT 303.95 346.40 Td (an ) Tj ET Q q 0 0 0 rg BT 316.61 346.40 Td (average ) Tj ET Q q 0 0 0 rg BT 351.79 346.40 Td (annual ) Tj ET Q q 0 0 0 rg BT 381.46 346.40 Td (production ) Tj ET Q q 0 0 0 rg BT 426.14 346.40 Td (of ) Tj ET Q q 0 0 0 rg BT 436.30 346.40 Td (approximately ) Tj ET Q q 0 0 0 rg BT 494.98 346.40 Td (185,000MWh, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 335.60 Td (enough ) Tj ET Q q 0 0 0 rg BT 92.24 335.60 Td (to ) Tj ET Q q 0 0 0 rg BT 103.46 335.60 Td (power ) Tj ET Q q 0 0 0 rg BT 131.68 335.60 Td (almost ) Tj ET Q q 0 0 0 rg BT 161.89 335.60 Td (1) Tj ET Q q 0 0 0 rg BT 166.23 335.60 Td (1,000 ) Tj ET Q q 0 0 0 rg BT 192.46 335.60 Td (Quebec ) Tj ET Q q 0 0 0 rg BT 227.69 335.60 Td (households ) Tj ET Q q 0 0 0 rg BT 277.44 335.60 Td (each ) Tj ET Q q 0 0 0 rg BT 300.67 335.60 Td (year) Tj ET Q q 0 0 0 rg BT 317.68 335.60 Td (. ) Tj ET Q q 0 0 0 rg BT 323.89 335.60 Td (Magpie ) Tj ET Q q 0 0 0 rg BT 357.11 335.60 Td (is ) Tj ET Q q 0 0 0 rg BT 367.32 335.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 407.56 335.60 Td (to ) Tj ET Q q 0 0 0 rg BT 418.77 335.60 Td (generate ) Tj ET Q q 0 0 0 rg BT 458.01 335.60 Td (annualized ) Tj ET Q q 0 0 0 rg BT 505.26 335.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 545.99 335.60 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 324.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 117.13 324.80 Td ($10.6million ) Tj ET Q q 0 0 0 rg BT 170.26 324.80 Td (in ) Tj ET Q q 0 0 0 rg BT 179.87 324.80 Td (2013 ) Tj ET Q q 0 0 0 rg BT 202.49 324.80 Td (\(including ) Tj ET Q q 0 0 0 rg BT 243.61 324.80 Td (payments ) Tj ET Q q 0 0 0 rg BT 285.23 324.80 Td (received ) Tj ET Q q 0 0 0 rg BT 321.85 324.80 Td (under ) Tj ET Q q 0 0 0 rg BT 347.48 324.80 Td (the ) Tj ET Q q 0 0 0 rg BT 362.59 324.80 Td (ecoENERGY) Tj ET Q q 0 0 0 rg BT 414.94 324.80 Td ( ) Tj ET Q q 0 0 0 rg BT 417.55 324.80 Td (program\) ) Tj ET Q q 0 0 0 rg BT 456.66 324.80 Td (and ) Tj ET Q q 0 0 0 rg BT 473.76 324.80 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 511.39 324.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 543.40 324.80 Td ( ) Tj ET Q q 0 0 0 rg BT 546.00 324.80 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 314.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 117.03 314.00 Td ($8.2million. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 292.40 Td (The ) Tj ET Q q 0 0 0 rg BT 75.77 292.40 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 124.55 292.40 Td (has ) Tj ET Q q 0 0 0 rg BT 140.82 292.40 Td (acquired ) Tj ET Q q 0 0 0 rg BT 177.11 292.40 Td (99.999% ) Tj ET Q q 0 0 0 rg BT 214.39 292.40 Td (of ) Tj ET Q q 0 0 0 rg BT 223.66 292.40 Td (the ) Tj ET Q q 0 0 0 rg BT 237.93 292.40 Td (common ) Tj ET Q q 0 0 0 rg BT 274.20 292.40 Td (units ) Tj ET Q q 0 0 0 rg BT 294.97 292.40 Td (of ) Tj ET Q q 0 0 0 rg BT 304.23 292.40 Td (the ) Tj ET Q q 0 0 0 rg BT 318.51 292.40 Td (facility) Tj ET Q q 0 0 0 rg BT 342.84 292.40 Td (. ) Tj ET Q q 0 0 0 rg BT 347.10 292.40 Td (However) Tj ET Q q 0 0 0 rg BT 382.12 292.40 Td (, ) Tj ET Q q 0 0 0 rg BT 386.38 292.40 Td (the ) Tj ET Q q 0 0 0 rg BT 400.65 292.40 Td (Minganie ) Tj ET Q q 0 0 0 rg BT 438.93 292.40 Td (Regional ) Tj ET Q q 0 0 0 rg BT 476.21 292.40 Td (County ) Tj ET Q q 0 0 0 rg BT 506.49 292.40 Td (Municipality ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 281.60 Td (holds ) Tj ET Q q 0 0 0 rg BT 82.50 281.60 Td (30% ) Tj ET Q q 0 0 0 rg BT 103.00 281.60 Td (of ) Tj ET Q q 0 0 0 rg BT 113.00 281.60 Td (the ) Tj ET Q q 0 0 0 rg BT 127.99 281.60 Td (voting ) Tj ET Q q 0 0 0 rg BT 154.50 281.60 Td (units ) Tj ET Q q 0 0 0 rg BT 175.99 281.60 Td (as ) Tj ET Q q 0 0 0 rg BT 187.99 281.60 Td (well ) Tj ET Q q 0 0 0 rg BT 205.98 281.60 Td (as ) Tj ET Q q 0 0 0 rg BT 217.97 281.60 Td (a ) Tj ET Q q 0 0 0 rg BT 225.46 281.60 Td (convertible ) Tj ET Q q 0 0 0 rg BT 271.47 281.60 Td (debenture ) Tj ET Q q 0 0 0 rg BT 314.49 281.60 Td (with ) Tj ET Q q 0 0 0 rg BT 332.98 281.60 Td (a ) Tj ET Q q 0 0 0 rg BT 340.48 281.60 Td (nominal ) Tj ET Q q 0 0 0 rg BT 374.48 281.60 Td (value ) Tj ET Q q 0 0 0 rg BT 398.48 281.60 Td (of ) Tj ET Q q 0 0 0 rg BT 408.48 281.60 Td ($3.0million, ) Tj ET Q q 0 0 0 rg BT 458.99 281.60 Td (which ) Tj ET Q q 0 0 0 rg BT 484.48 281.60 Td (carries ) Tj ET Q q 0 0 0 rg BT 513.97 281.60 Td (an ) Tj ET Q q 0 0 0 rg BT 526.47 281.60 Td (annual ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 270.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 90.28 270.80 Td (payment ) Tj ET Q q 0 0 0 rg BT 127.06 270.80 Td (of ) Tj ET Q q 0 0 0 rg BT 136.83 270.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 195.12 270.80 Td ($465, ) Tj ET Q q 0 0 0 rg BT 219.90 270.80 Td (and ) Tj ET Q q 0 0 0 rg BT 237.18 270.80 Td (a ) Tj ET Q q 0 0 0 rg BT 244.45 270.80 Td ($2.0million ) Tj ET Q q 0 0 0 rg BT 292.24 270.80 Td (non-interest ) Tj ET Q q 0 0 0 rg BT 342.03 270.80 Td (bearing ) Tj ET Q q 0 0 0 rg BT 374.32 270.80 Td (debenture ) Tj ET Q q 0 0 0 rg BT 417.12 270.80 Td (repayable ) Tj ET Q q 0 0 0 rg BT 458.91 270.80 Td (over ) Tj ET Q q 0 0 0 rg BT 478.68 270.80 Td (the ) Tj ET Q q 0 0 0 rg BT 493.46 270.80 Td (next ) Tj ET Q q 0 0 0 rg BT 512.73 270.80 Td (five ) Tj ET Q q 0 0 0 rg BT 529.00 270.80 Td (years. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 260.00 Td (The ) Tj ET Q q 0 0 0 rg BT 75.41 260.00 Td (convertible ) Tj ET Q q 0 0 0 rg BT 120.34 260.00 Td (debenture ) Tj ET Q q 0 0 0 rg BT 162.28 260.00 Td (entitles ) Tj ET Q q 0 0 0 rg BT 192.20 260.00 Td (the ) Tj ET Q q 0 0 0 rg BT 206.12 260.00 Td (municipality ) Tj ET Q q 0 0 0 rg BT 254.54 260.00 Td (to ) Tj ET Q q 0 0 0 rg BT 263.45 260.00 Td (a ) Tj ET Q q 0 0 0 rg BT 269.86 260.00 Td (30% ) Tj ET Q q 0 0 0 rg BT 289.28 260.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 320.20 260.00 Td (in ) Tj ET Q q 0 0 0 rg BT 328.61 260.00 Td (the ) Tj ET Q q 0 0 0 rg BT 342.53 260.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 368.94 260.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 390.37 260.00 Td (conversion ) Tj ET Q q 0 0 0 rg BT 435.29 260.00 Td (of ) Tj ET Q q 0 0 0 rg BT 444.21 260.00 Td (the ) Tj ET Q q 0 0 0 rg BT 458.12 260.00 Td (debenture ) Tj ET Q q 0 0 0 rg BT 500.06 260.00 Td (on ) Tj ET Q q 0 0 0 rg BT 511.48 260.00 Td (January1, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 249.20 Td (2025; ) Tj ET Q q 0 0 0 rg BT 82.73 249.20 Td (once ) Tj ET Q q 0 0 0 rg BT 103.95 249.20 Td (the ) Tj ET Q q 0 0 0 rg BT 118.16 249.20 Td (non-interest ) Tj ET Q q 0 0 0 rg BT 167.39 249.20 Td (bearing ) Tj ET Q q 0 0 0 rg BT 199.12 249.20 Td (debenture ) Tj ET Q q 0 0 0 rg BT 241.36 249.20 Td (has ) Tj ET Q q 0 0 0 rg BT 257.58 249.20 Td (been ) Tj ET Q q 0 0 0 rg BT 279.30 249.20 Td (repaid, ) Tj ET Q q 0 0 0 rg BT 308.53 249.20 Td (the ) Tj ET Q q 0 0 0 rg BT 322.74 249.20 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 371.47 249.20 Td (will ) Tj ET Q q 0 0 0 rg BT 385.68 249.20 Td (have ) Tj ET Q q 0 0 0 rg BT 406.90 249.20 Td (the ) Tj ET Q q 0 0 0 rg BT 421.11 249.20 Td (option ) Tj ET Q q 0 0 0 rg BT 447.34 249.20 Td (of ) Tj ET Q q 0 0 0 rg BT 456.55 249.20 Td (triggering ) Tj ET Q q 0 0 0 rg BT 495.77 249.20 Td (the ) Tj ET Q q 0 0 0 rg BT 509.99 249.20 Td (conversion ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 238.40 Td (of ) Tj ET Q q 0 0 0 rg BT 68.51 238.40 Td (this ) Tj ET Q q 0 0 0 rg BT 85.01 238.40 Td (debenture ) Tj ET Q q 0 0 0 rg BT 128.05 238.40 Td (at ) Tj ET Q q 0 0 0 rg BT 138.05 238.40 Td (any ) Tj ET Q q 0 0 0 rg BT 155.07 238.40 Td (time ) Tj ET Q q 0 0 0 rg BT 174.57 238.40 Td (prior ) Tj ET Q q 0 0 0 rg BT 195.07 238.40 Td (to ) Tj ET Q q 0 0 0 rg BT 205.08 238.40 Td (this ) Tj ET Q q 0 0 0 rg BT 221.59 238.40 Td (date.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 215.60 Td (The ) Tj ET Q q 0 0 0 rg BT 75.83 215.60 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 124.67 215.60 Td (has ) Tj ET Q q 0 0 0 rg BT 141.00 215.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 159.83 215.60 Td (the ) Tj ET Q q 0 0 0 rg BT 174.16 215.60 Td (final ) Tj ET Q q 0 0 0 rg BT 192.49 215.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 231.33 215.60 Td (price ) Tj ET Q q 0 0 0 rg BT 252.66 215.60 Td (of ) Tj ET Q q 0 0 0 rg BT 261.98 215.60 Td ($28.6 ) Tj ET Q q 0 0 0 rg BT 286.32 215.60 Td (million ) Tj ET Q q 0 0 0 rg BT 313.64 215.60 Td (in ) Tj ET Q q 0 0 0 rg BT 322.47 215.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 343.29 215.60 Td (and ) Tj ET Q q 0 0 0 rg BT 360.13 215.60 Td (assumes ) Tj ET Q q 0 0 0 rg BT 397.96 215.60 Td (project-level ) Tj ET Q q 0 0 0 rg BT 448.30 215.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 467.63 215.60 Td (totalling ) Tj ET Q q 0 0 0 rg BT 500.47 215.60 Td ($55.4million, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 204.80 Td (which ) Tj ET Q q 0 0 0 rg BT 84.09 204.80 Td (includes ) Tj ET Q q 0 0 0 rg BT 119.68 204.80 Td ($50.4 ) Tj ET Q q 0 0 0 rg BT 144.78 204.80 Td (million ) Tj ET Q q 0 0 0 rg BT 172.86 204.80 Td (in ) Tj ET Q q 0 0 0 rg BT 182.44 204.80 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 238.05 204.80 Td (financing ) Tj ET Q q 0 0 0 rg BT 276.65 204.80 Td (with ) Tj ET Q q 0 0 0 rg BT 295.23 204.80 Td (blended ) Tj ET Q q 0 0 0 rg BT 329.84 204.80 Td (monthly ) Tj ET Q q 0 0 0 rg BT 363.93 204.80 Td (payments ) Tj ET Q q 0 0 0 rg BT 405.52 204.80 Td (of ) Tj ET Q q 0 0 0 rg BT 415.61 204.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 474.21 204.80 Td ($406 ) Tj ET Q q 0 0 0 rg BT 496.81 204.80 Td (until ) Tj ET Q q 0 0 0 rg BT 515.89 204.80 Td (2017 ) Tj ET Q q 0 0 0 rg BT 538.49 204.80 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 194.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 116.87 194.00 Td ($379 ) Tj ET Q q 0 0 0 rg BT 139.23 194.00 Td (thereafter ) Tj ET Q q 0 0 0 rg BT 180.10 194.00 Td (until ) Tj ET Q q 0 0 0 rg BT 198.95 194.00 Td (2031, ) Tj ET Q q 0 0 0 rg BT 223.82 194.00 Td (for ) Tj ET Q q 0 0 0 rg BT 236.66 194.00 Td (a ) Tj ET Q q 0 0 0 rg BT 244.01 194.00 Td (blended ) Tj ET Q q 0 0 0 rg BT 278.38 194.00 Td (fixed ) Tj ET Q q 0 0 0 rg BT 299.74 194.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 331.59 194.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 349.45 194.00 Td (of ) Tj ET Q q 0 0 0 rg BT 359.29 194.00 Td (6.35%, ) Tj ET Q q 0 0 0 rg BT 389.66 194.00 Td (as ) Tj ET Q q 0 0 0 rg BT 401.50 194.00 Td (well ) Tj ET Q q 0 0 0 rg BT 419.35 194.00 Td (as ) Tj ET Q q 0 0 0 rg BT 431.20 194.00 Td (the ) Tj ET Q q 0 0 0 rg BT 446.05 194.00 Td (two ) Tj ET Q q 0 0 0 rg BT 462.40 194.00 Td (debentures ) Tj ET Q q 0 0 0 rg BT 509.78 194.00 Td (held ) Tj ET Q q 0 0 0 rg BT 529.14 194.00 Td (by ) Tj ET Q q 0 0 0 rg BT 540.99 194.00 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 183.20 Td (Minganie ) Tj ET Q q 0 0 0 rg BT 97.31 183.20 Td (Regional ) Tj ET Q q 0 0 0 rg BT 135.12 183.20 Td (County ) Tj ET Q q 0 0 0 rg BT 165.92 183.20 Td (Municipality ) Tj ET Q q 0 0 0 rg BT 215.22 183.20 Td (mentioned ) Tj ET Q q 0 0 0 rg BT 259.54 183.20 Td (above. ) Tj ET Q q 0 0 0 rg BT 288.70 183.20 Td (These ) Tj ET Q q 0 0 0 rg BT 316.00 183.20 Td (debts ) Tj ET Q q 0 0 0 rg BT 340.30 183.20 Td (will ) Tj ET Q q 0 0 0 rg BT 355.08 183.20 Td (be ) Tj ET Q q 0 0 0 rg BT 367.38 183.20 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 403.69 183.20 Td (to ) Tj ET Q q 0 0 0 rg BT 413.48 183.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 428.27 183.20 Td (value ) Tj ET Q q 0 0 0 rg BT 452.07 183.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 474.38 183.20 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 529.20 183.20 Td (by ) Tj ET Q q 0 0 0 rg BT 540.99 183.20 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 172.40 Td (Corporation. ) Tj ET Q q 0 0 0 rg BT 110.24 172.40 Td (Net ) Tj ET Q q 0 0 0 rg BT 126.46 172.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 147.69 172.40 Td (flows ) Tj ET Q q 0 0 0 rg BT 170.41 172.40 Td (from ) Tj ET Q q 0 0 0 rg BT 190.63 172.40 Td (the ) Tj ET Q q 0 0 0 rg BT 205.35 172.40 Td (facility ) Tj ET Q q 0 0 0 rg BT 232.57 172.40 Td (which ) Tj ET Q q 0 0 0 rg BT 257.80 172.40 Td (have ) Tj ET Q q 0 0 0 rg BT 279.53 172.40 Td (been ) Tj ET Q q 0 0 0 rg BT 301.77 172.40 Td (accruing ) Tj ET Q q 0 0 0 rg BT 338.00 172.40 Td (to ) Tj ET Q q 0 0 0 rg BT 347.72 172.40 Td (the ) Tj ET Q q 0 0 0 rg BT 362.45 172.40 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 411.69 172.40 Td (since ) Tj ET Q q 0 0 0 rg BT 434.48 172.40 Td (August31,2012, ) Tj ET Q q 0 0 0 rg BT 504.75 172.40 Td (are ) Tj ET Q q 0 0 0 rg BT 519.97 172.40 Td (included ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 161.60 Td (in ) Tj ET Q q 0 0 0 rg BT 68.01 161.60 Td (the ) Tj ET Q q 0 0 0 rg BT 83.02 161.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 104.53 161.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 138.56 161.60 Td (transferred ) Tj ET Q q 0 0 0 rg BT 184.57 161.60 Td (to ) Tj ET Q q 0 0 0 rg BT 194.58 161.60 Td (the ) Tj ET Q q 0 0 0 rg BT 209.59 161.60 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 259.12 161.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 281.64 161.60 Td (closing.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 58.50 140.00 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 110.00 140.00 Td (of ) Tj ET Q q 0 0 0 rg BT 120.99 140.00 Td (Other ) Tj ET Q q 0 0 0 rg BT 147.50 140.00 Td (Hydromega ) Tj ET Q q 0 0 0 rg BT 199.18 140.00 Td (Assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 118.40 Td (Concurrent ) Tj ET Q q 0 0 0 rg BT 105.37 118.40 Td (with ) Tj ET Q q 0 0 0 rg BT 123.72 118.40 Td (the ) Tj ET Q q 0 0 0 rg BT 138.57 118.40 Td (announcement ) Tj ET Q q 0 0 0 rg BT 200.46 118.40 Td (of ) Tj ET Q q 0 0 0 rg BT 210.31 118.40 Td (the ) Tj ET Q q 0 0 0 rg BT 225.17 118.40 Td (Magpie ) Tj ET Q q 0 0 0 rg BT 257.03 118.40 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 301.91 118.40 Td (in ) Tj ET Q q 0 0 0 rg BT 311.26 118.40 Td (July ) Tj ET Q q 0 0 0 rg BT 329.61 118.40 Td (2012, ) Tj ET Q q 0 0 0 rg BT 354.47 118.40 Td (the ) Tj ET Q q 0 0 0 rg BT 369.33 118.40 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 418.70 118.40 Td (signed ) Tj ET Q q 0 0 0 rg BT 447.57 118.40 Td (an ) Tj ET Q q 0 0 0 rg BT 459.92 118.40 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 499.28 118.40 Td (letter ) Tj ET Q q 0 0 0 rg BT 521.64 118.40 Td (of ) Tj ET Q q 0 0 0 rg BT 531.49 118.40 Td (intent ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 107.60 Td (with ) Tj ET Q q 0 0 0 rg BT 76.16 107.60 Td (Hydromega ) Tj ET Q q 0 0 0 rg BT 124.33 107.60 Td (to ) Tj ET Q q 0 0 0 rg BT 133.49 107.60 Td (acquire ) Tj ET Q q 0 0 0 rg BT 164.67 107.60 Td (its ) Tj ET Q q 0 0 0 rg BT 175.32 107.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 218.00 107.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 249.17 107.60 Td (in ) Tj ET Q q 0 0 0 rg BT 257.83 107.60 Td (several ) Tj ET Q q 0 0 0 rg BT 288.49 107.60 Td (other ) Tj ET Q q 0 0 0 rg BT 310.66 107.60 Td (assets, ) Tj ET Q q 0 0 0 rg BT 340.83 107.60 Td (including ) Tj ET Q q 0 0 0 rg BT 378.01 107.60 Td (one ) Tj ET Q q 0 0 0 rg BT 394.68 107.60 Td (30.5 ) Tj ET Q q 0 0 0 rg BT 413.85 107.60 Td (MW ) Tj ET Q q 0 0 0 rg BT 431.49 107.60 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 484.17 107.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 510.83 107.60 Td (in ) Tj ET Q q 0 0 0 rg BT 519.49 107.60 Td (Quebec, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 96.80 Td (four ) Tj ET Q q 0 0 0 rg BT 77.87 96.80 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 132.75 96.80 Td (projects ) Tj ET Q q 0 0 0 rg BT 168.12 96.80 Td (under ) Tj ET Q q 0 0 0 rg BT 195.00 96.80 Td (construction ) Tj ET Q q 0 0 0 rg BT 247.39 96.80 Td (totaling ) Tj ET Q q 0 0 0 rg BT 280.27 96.80 Td (22.0 ) Tj ET Q q 0 0 0 rg BT 301.65 96.80 Td (MW ) Tj ET Q q 0 0 0 rg BT 321.50 96.80 Td (in ) Tj ET Q q 0 0 0 rg BT 332.37 96.80 Td (Ontario ) Tj ET Q q 0 0 0 rg BT 365.74 96.80 Td (and ) Tj ET Q q 0 0 0 rg BT 384.62 96.80 Td (one ) Tj ET Q q 0 0 0 rg BT 403.50 96.80 Td (10.0 ) Tj ET Q q 0 0 0 rg BT 424.87 96.80 Td (MW ) Tj ET Q q 0 0 0 rg BT 444.73 96.80 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 499.61 96.80 Td (project ) Tj ET Q q 0 0 0 rg BT 530.48 96.80 Td (under ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 86.00 Td (development ) Tj ET Q q 0 0 0 rg BT 112.54 86.00 Td (also ) Tj ET Q q 0 0 0 rg BT 131.55 86.00 Td (in ) Tj ET Q q 0 0 0 rg BT 141.05 86.00 Td (Ontario. ) Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 286.48 748.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 323.82 748.70 Td (ANAL) Tj ET Q q 0 0 0 rg BT 364.43 748.70 Td (YSIS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 34.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 37) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 713.45 Td (The ) Tj ET Q q 0 0 0 rg BT 76.41 713.45 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 125.84 713.45 Td (continues ) Tj ET Q q 0 0 0 rg BT 166.77 713.45 Td (to ) Tj ET Q q 0 0 0 rg BT 176.67 713.45 Td (advance ) Tj ET Q q 0 0 0 rg BT 213.10 713.45 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 264.04 713.45 Td (with ) Tj ET Q q 0 0 0 rg BT 282.45 713.45 Td (Hydromega ) Tj ET Q q 0 0 0 rg BT 331.37 713.45 Td (to ) Tj ET Q q 0 0 0 rg BT 341.27 713.45 Td (acquire ) Tj ET Q q 0 0 0 rg BT 373.19 713.45 Td (other ) Tj ET Q q 0 0 0 rg BT 396.11 713.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 424.52 713.45 Td (under ) Tj ET Q q 0 0 0 rg BT 449.94 713.45 Td (this ) Tj ET Q q 0 0 0 rg BT 466.35 713.45 Td (letter ) Tj ET Q q 0 0 0 rg BT 488.76 713.45 Td (of ) Tj ET Q q 0 0 0 rg BT 498.67 713.45 Td (intent ) Tj ET Q q 0 0 0 rg BT 523.08 713.45 Td (while ) Tj ET Q q 0 0 0 rg BT 545.99 713.45 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 702.65 Td (the ) Tj ET Q q 0 0 0 rg BT 74.17 702.65 Td (same ) Tj ET Q q 0 0 0 rg BT 99.34 702.65 Td (time ) Tj ET Q q 0 0 0 rg BT 119.51 702.65 Td (taking ) Tj ET Q q 0 0 0 rg BT 146.69 702.65 Td (into ) Tj ET Q q 0 0 0 rg BT 164.36 702.65 Td (consideration ) Tj ET Q q 0 0 0 rg BT 221.06 702.65 Td (the ) Tj ET Q q 0 0 0 rg BT 236.73 702.65 Td (impact ) Tj ET Q q 0 0 0 rg BT 266.40 702.65 Td (of ) Tj ET Q q 0 0 0 rg BT 277.07 702.65 Td (the ) Tj ET Q q 0 0 0 rg BT 292.74 702.65 Td (recent ) Tj ET Q q 0 0 0 rg BT 320.92 702.65 Td (increase ) Tj ET Q q 0 0 0 rg BT 358.10 702.65 Td (in ) Tj ET Q q 0 0 0 rg BT 368.26 702.65 Td (long-term ) Tj ET Q q 0 0 0 rg BT 409.44 702.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 442.11 702.65 Td (rates ) Tj ET Q q 0 0 0 rg BT 465.28 702.65 Td (and ) Tj ET Q q 0 0 0 rg BT 483.46 702.65 Td (the ) Tj ET Q q 0 0 0 rg BT 499.14 702.65 Td (decline ) Tj ET Q q 0 0 0 rg BT 530.82 702.65 Td (in ) Tj ET Q q 0 0 0 rg BT 540.98 702.65 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 691.85 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 115.10 691.85 Td (share ) Tj ET Q q 0 0 0 rg BT 140.97 691.85 Td (price ) Tj ET Q q 0 0 0 rg BT 163.83 691.85 Td (in ) Tj ET Q q 0 0 0 rg BT 174.20 691.85 Td (order ) Tj ET Q q 0 0 0 rg BT 198.56 691.85 Td (to ) Tj ET Q q 0 0 0 rg BT 209.42 691.85 Td (ensure ) Tj ET Q q 0 0 0 rg BT 240.30 691.85 Td (that ) Tj ET Q q 0 0 0 rg BT 258.67 691.85 Td (these ) Tj ET Q q 0 0 0 rg BT 284.04 691.85 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 334.42 691.85 Td (will ) Tj ET Q q 0 0 0 rg BT 350.28 691.85 Td (be ) Tj ET Q q 0 0 0 rg BT 363.64 691.85 Td (accretive. ) Tj ET Q q 0 0 0 rg BT 405.51 691.85 Td (Given ) Tj ET Q q 0 0 0 rg BT 432.38 691.85 Td (current ) Tj ET Q q 0 0 0 rg BT 463.75 691.85 Td (market ) Tj ET Q q 0 0 0 rg BT 494.61 691.85 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 540.99 691.85 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 681.05 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 108.03 681.05 Td (does ) Tj ET Q q 0 0 0 rg BT 130.04 681.05 Td (not ) Tj ET Q q 0 0 0 rg BT 145.05 681.05 Td (intend ) Tj ET Q q 0 0 0 rg BT 172.08 681.05 Td (to ) Tj ET Q q 0 0 0 rg BT 182.08 681.05 Td (carry ) Tj ET Q q 0 0 0 rg BT 204.58 681.05 Td (out ) Tj ET Q q 0 0 0 rg BT 219.59 681.05 Td (a ) Tj ET Q q 0 0 0 rg BT 227.10 681.05 Td (public ) Tj ET Q q 0 0 0 rg BT 253.12 681.05 Td (of) Tj ET Q q 0 0 0 rg BT 260.46 681.05 Td (fering ) Tj ET Q q 0 0 0 rg BT 285.47 681.05 Td (of ) Tj ET Q q 0 0 0 rg BT 295.48 681.05 Td (common ) Tj ET Q q 0 0 0 rg BT 332.49 681.05 Td (shares ) Tj ET Q q 0 0 0 rg BT 362.00 681.05 Td (at ) Tj ET Q q 0 0 0 rg BT 372.01 681.05 Td (this ) Tj ET Q q 0 0 0 rg BT 388.52 681.05 Td (time.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 658.25 Td (Also ) Tj ET Q q 0 0 0 rg BT 77.91 658.25 Td (concurrent ) Tj ET Q q 0 0 0 rg BT 122.33 658.25 Td (with ) Tj ET Q q 0 0 0 rg BT 140.23 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.65 658.25 Td (announcement ) Tj ET Q q 0 0 0 rg BT 216.09 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 225.50 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 239.91 658.25 Td (Magpie ) Tj ET Q q 0 0 0 rg BT 271.33 658.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 315.75 658.25 Td (in ) Tj ET Q q 0 0 0 rg BT 324.66 658.25 Td (July ) Tj ET Q q 0 0 0 rg BT 342.56 658.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 366.98 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.39 658.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 430.32 658.25 Td (had ) Tj ET Q q 0 0 0 rg BT 447.24 658.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 479.66 658.25 Td (into ) Tj ET Q q 0 0 0 rg BT 496.07 658.25 Td (a ) Tj ET Q q 0 0 0 rg BT 502.98 658.25 Td ($25.0million ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 647.45 Td (deposit ) Tj ET Q q 0 0 0 rg BT 89.92 647.45 Td (agreement ) Tj ET Q q 0 0 0 rg BT 135.34 647.45 Td (with ) Tj ET Q q 0 0 0 rg BT 153.74 647.45 Td (Hydromega, ) Tj ET Q q 0 0 0 rg BT 205.15 647.45 Td (bearing ) Tj ET Q q 0 0 0 rg BT 237.57 647.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 269.48 647.45 Td (at ) Tj ET Q q 0 0 0 rg BT 279.38 647.45 Td (a ) Tj ET Q q 0 0 0 rg BT 286.77 647.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 304.68 647.45 Td (of ) Tj ET Q q 0 0 0 rg BT 314.58 647.45 Td (7% ) Tj ET Q q 0 0 0 rg BT 329.98 647.45 Td (annually) Tj ET Q q 0 0 0 rg BT 362.84 647.45 Td (, ) Tj ET Q q 0 0 0 rg BT 367.73 647.45 Td (to ) Tj ET Q q 0 0 0 rg BT 377.63 647.45 Td (be ) Tj ET Q q 0 0 0 rg BT 390.04 647.45 Td (applied ) Tj ET Q q 0 0 0 rg BT 421.46 647.45 Td (against ) Tj ET Q q 0 0 0 rg BT 452.87 647.45 Td (the ) Tj ET Q q 0 0 0 rg BT 467.78 647.45 Td (purchase ) Tj ET Q q 0 0 0 rg BT 507.19 647.45 Td (price ) Tj ET Q q 0 0 0 rg BT 529.10 647.45 Td (of ) Tj ET Q q 0 0 0 rg BT 539.00 647.45 Td (any ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 636.65 Td (Hydromega ) Tj ET Q q 0 0 0 rg BT 106.86 636.65 Td (asset. ) Tj ET Q q 0 0 0 rg BT 132.60 636.65 Td (This ) Tj ET Q q 0 0 0 rg BT 151.44 636.65 Td (deposit ) Tj ET Q q 0 0 0 rg BT 182.30 636.65 Td (was ) Tj ET Q q 0 0 0 rg BT 200.15 636.65 Td (not ) Tj ET Q q 0 0 0 rg BT 214.50 636.65 Td (used ) Tj ET Q q 0 0 0 rg BT 235.86 636.65 Td (to ) Tj ET Q q 0 0 0 rg BT 245.21 636.65 Td (fund ) Tj ET Q q 0 0 0 rg BT 264.56 636.65 Td (the ) Tj ET Q q 0 0 0 rg BT 278.92 636.65 Td (Magpie ) Tj ET Q q 0 0 0 rg BT 310.27 636.65 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 354.64 636.65 Td (and ) Tj ET Q q 0 0 0 rg BT 371.50 636.65 Td (remains ) Tj ET Q q 0 0 0 rg BT 405.35 636.65 Td (in ) Tj ET Q q 0 0 0 rg BT 414.20 636.65 Td (place ) Tj ET Q q 0 0 0 rg BT 437.55 636.65 Td (to ) Tj ET Q q 0 0 0 rg BT 446.90 636.65 Td (fund ) Tj ET Q q 0 0 0 rg BT 466.26 636.65 Td (the ) Tj ET Q q 0 0 0 rg BT 480.61 636.65 Td (eventual ) Tj ET Q q 0 0 0 rg BT 516.48 636.65 Td (purchase ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 625.85 Td (of ) Tj ET Q q 0 0 0 rg BT 67.92 625.85 Td (other ) Tj ET Q q 0 0 0 rg BT 90.34 625.85 Td (Hydromega ) Tj ET Q q 0 0 0 rg BT 138.77 625.85 Td (assets. ) Tj ET Q q 0 0 0 rg BT 169.19 625.85 Td ( ) Tj ET Q q 0 0 0 rg BT 170.98 625.85 Td (The ) Tj ET Q q 0 0 0 rg BT 188.40 625.85 Td (deposit ) Tj ET Q q 0 0 0 rg BT 219.33 625.85 Td (agreement ) Tj ET Q q 0 0 0 rg BT 264.27 625.85 Td (also ) Tj ET Q q 0 0 0 rg BT 282.69 625.85 Td (contains ) Tj ET Q q 0 0 0 rg BT 318.12 625.85 Td (a ) Tj ET Q q 0 0 0 rg BT 325.04 625.85 Td (right ) Tj ET Q q 0 0 0 rg BT 344.46 625.85 Td (of ) Tj ET Q q 0 0 0 rg BT 353.87 625.85 Td (first ) Tj ET Q q 0 0 0 rg BT 370.28 625.85 Td (of) Tj ET Q q 0 0 0 rg BT 377.63 625.85 Td (fer ) Tj ET Q q 0 0 0 rg BT 390.04 625.85 Td (for) Tj ET Q q 0 0 0 rg BT 400.04 625.85 Td (, ) Tj ET Q q 0 0 0 rg BT 404.46 625.85 Td (and ) Tj ET Q q 0 0 0 rg BT 421.38 625.85 Td (an ) Tj ET Q q 0 0 0 rg BT 433.30 625.85 Td (option ) Tj ET Q q 0 0 0 rg BT 459.74 625.85 Td (to ) Tj ET Q q 0 0 0 rg BT 469.15 625.85 Td (acquire, ) Tj ET Q q 0 0 0 rg BT 503.08 625.85 Td (the ) Tj ET Q q 0 0 0 rg BT 517.50 625.85 Td (30.5MW ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 615.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 98.53 615.05 Td (facility ) Tj ET Q q 0 0 0 rg BT 126.04 615.05 Td (in ) Tj ET Q q 0 0 0 rg BT 135.54 615.05 Td (Quebec.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 58.50 592.25 Td (Closing of the V) Tj ET Q q 0.2 0 0.6 rg BT 134.43 592.25 Td (iger-Denonville wind project financing ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 58.50 570.65 Td (On ) Tj ET Q q 0 0 0 rg BT 72.56 570.65 Td (August ) Tj ET Q q 0 0 0 rg BT 103.14 570.65 Td (7, ) Tj ET Q q 0 0 0 rg BT 113.21 570.65 Td (2013, ) Tj ET Q q 0 0 0 rg BT 138.29 570.65 Td (Parc ) Tj ET Q q 0 0 0 rg BT 159.36 570.65 Td (olien ) Tj ET Q q 0 0 0 rg BT 185.94 570.65 Td (communautaire ) Tj ET Q q 0 0 0 rg BT 250.53 570.65 Td (V) Tj ET Q q 0 0 0 rg BT 256.37 570.65 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 321.46 570.65 Td (s.e.c. ) Tj ET Q q 0 0 0 rg BT 345.53 570.65 Td (\("V) Tj ET Q q 0 0 0 rg BT 357.56 570.65 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 422.65 570.65 Td (L.P) Tj ET Q q 0 0 0 rg BT 435.00 570.65 Td (."\) ) Tj ET Q q 0 0 0 rg BT 446.26 570.65 Td (closed ) Tj ET Q q 0 0 0 rg BT 474.83 570.65 Td (a ) Tj ET Q q 0 0 0 rg BT 482.40 570.65 Td ($61.7million ) Tj ET Q q 0 0 0 rg BT 535.49 570.65 Td (non-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 559.85 Td (recourse ) Tj ET Q q 0 0 0 rg BT 97.90 559.85 Td (construction ) Tj ET Q q 0 0 0 rg BT 150.80 559.85 Td (and ) Tj ET Q q 0 0 0 rg BT 170.20 559.85 Td (term ) Tj ET Q q 0 0 0 rg BT 192.58 559.85 Td (project ) Tj ET Q q 0 0 0 rg BT 223.97 559.85 Td (financing ) Tj ET Q q 0 0 0 rg BT 264.38 559.85 Td (for ) Tj ET Q q 0 0 0 rg BT 279.26 559.85 Td (the ) Tj ET Q q 0 0 0 rg BT 296.15 559.85 Td (V) Tj ET Q q 0 0 0 rg BT 301.99 559.85 Td (iger-Denonville ) Tj ET Q q 0 0 0 rg BT 366.40 559.85 Td (wind ) Tj ET Q q 0 0 0 rg BT 389.29 559.85 Td (energy ) Tj ET Q q 0 0 0 rg BT 421.19 559.85 Td (project, ) Tj ET Q q 0 0 0 rg BT 455.09 559.85 Td (located ) Tj ET Q q 0 0 0 rg BT 488.49 559.85 Td (in ) Tj ET Q q 0 0 0 rg BT 499.87 559.85 Td (Quebec. ) Tj ET Q q 0 0 0 rg BT 537.99 559.85 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 549.05 Td ($61.7million ) Tj ET Q q 0 0 0 rg BT 112.18 549.05 Td (construction ) Tj ET Q q 0 0 0 rg BT 163.86 549.05 Td (loan ) Tj ET Q q 0 0 0 rg BT 184.03 549.05 Td (will ) Tj ET Q q 0 0 0 rg BT 199.68 549.05 Td (carry ) Tj ET Q q 0 0 0 rg BT 222.83 549.05 Td (a ) Tj ET Q q 0 0 0 rg BT 230.99 549.05 Td (fixed ) Tj ET Q q 0 0 0 rg BT 253.16 549.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 285.83 549.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 304.49 549.05 Td (of ) Tj ET Q q 0 0 0 rg BT 315.15 549.05 Td (6.0% ) Tj ET Q q 0 0 0 rg BT 338.82 549.05 Td (\(through ) Tj ET Q q 0 0 0 rg BT 375.49 549.05 Td (the ) Tj ET Q q 0 0 0 rg BT 391.16 549.05 Td (use ) Tj ET Q q 0 0 0 rg BT 408.82 549.05 Td (of ) Tj ET Q q 0 0 0 rg BT 419.48 549.05 Td (swaps\) ) Tj ET Q q 0 0 0 rg BT 451.14 549.05 Td (starting ) Tj ET Q q 0 0 0 rg BT 483.81 549.05 Td (on ) Tj ET Q q 0 0 0 rg BT 496.97 549.05 Td (December31, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 538.25 Td (2013; ) Tj ET Q q 0 0 0 rg BT 83.57 538.25 Td (following ) Tj ET Q q 0 0 0 rg BT 121.14 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.20 538.25 Td (start ) Tj ET Q q 0 0 0 rg BT 156.25 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.31 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 181.37 538.25 Td (project's ) Tj ET Q q 0 0 0 rg BT 217.15 538.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 265.71 538.25 Td (operation, ) Tj ET Q q 0 0 0 rg BT 308.29 538.25 Td (it ) Tj ET Q q 0 0 0 rg BT 315.33 538.25 Td (will ) Tj ET Q q 0 0 0 rg BT 330.38 538.25 Td (convert ) Tj ET Q q 0 0 0 rg BT 362.44 538.25 Td (into ) Tj ET Q q 0 0 0 rg BT 379.50 538.25 Td (an ) Tj ET Q q 0 0 0 rg BT 392.06 538.25 Td (18-year ) Tj ET Q q 0 0 0 rg BT 425.13 538.25 Td (term ) Tj ET Q q 0 0 0 rg BT 445.68 538.25 Td (loan. ) Tj ET Q q 0 0 0 rg BT 467.74 538.25 Td (V) Tj ET Q q 0 0 0 rg BT 473.58 538.25 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 538.66 538.25 Td (L.P) Tj ET Q q 0 0 0 rg BT 551.01 538.25 Td (. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 527.45 Td (has ) Tj ET Q q 0 0 0 rg BT 75.63 527.45 Td (also ) Tj ET Q q 0 0 0 rg BT 94.76 527.45 Td (closed ) Tj ET Q q 0 0 0 rg BT 123.39 527.45 Td (a ) Tj ET Q q 0 0 0 rg BT 131.01 527.45 Td (short-term ) Tj ET Q q 0 0 0 rg BT 174.64 527.45 Td (loan ) Tj ET Q q 0 0 0 rg BT 194.27 527.45 Td (of ) Tj ET Q q 0 0 0 rg BT 204.39 527.45 Td ($5.5million ) Tj ET Q q 0 0 0 rg BT 252.53 527.45 Td (carrying ) Tj ET Q q 0 0 0 rg BT 287.16 527.45 Td (a ) Tj ET Q q 0 0 0 rg BT 294.78 527.45 Td (floating ) Tj ET Q q 0 0 0 rg BT 326.42 527.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 358.55 527.45 Td (rate, ) Tj ET Q q 0 0 0 rg BT 379.18 527.45 Td (to ) Tj ET Q q 0 0 0 rg BT 389.30 527.45 Td (finance ) Tj ET Q q 0 0 0 rg BT 420.94 527.45 Td (the ) Tj ET Q q 0 0 0 rg BT 436.07 527.45 Td (construction ) Tj ET Q q 0 0 0 rg BT 487.21 527.45 Td (of ) Tj ET Q q 0 0 0 rg BT 497.34 527.45 Td (the ) Tj ET Q q 0 0 0 rg BT 512.47 527.45 Td (substation ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 516.65 Td (and ) Tj ET Q q 0 0 0 rg BT 76.04 516.65 Td (collector ) Tj ET Q q 0 0 0 rg BT 112.07 516.65 Td (system, ) Tj ET Q q 0 0 0 rg BT 145.59 516.65 Td (for ) Tj ET Q q 0 0 0 rg BT 158.62 516.65 Td (which ) Tj ET Q q 0 0 0 rg BT 184.15 516.65 Td (it ) Tj ET Q q 0 0 0 rg BT 191.17 516.65 Td (is ) Tj ET Q q 0 0 0 rg BT 200.18 516.65 Td (entitled ) Tj ET Q q 0 0 0 rg BT 231.73 516.65 Td (to ) Tj ET Q q 0 0 0 rg BT 241.75 516.65 Td (be ) Tj ET Q q 0 0 0 rg BT 254.28 516.65 Td (reimbursed ) Tj ET Q q 0 0 0 rg BT 301.82 516.65 Td (by ) Tj ET Q q 0 0 0 rg BT 313.85 516.65 Td (Hydro-Qubec ) Tj ET Q q 0 0 0 rg BT 374.89 516.65 Td (in ) Tj ET Q q 0 0 0 rg BT 384.42 516.65 Td (2014. ) Tj ET Q q 0 0 0 rg BT 409.29 516.65 Td (These ) Tj ET Q q 0 0 0 rg BT 436.83 516.65 Td (loans ) Tj ET Q q 0 0 0 rg BT 460.86 516.65 Td (have ) Tj ET Q q 0 0 0 rg BT 482.90 516.65 Td (been ) Tj ET Q q 0 0 0 rg BT 505.44 516.65 Td (arranged ) Tj ET Q q 0 0 0 rg BT 543.99 516.65 Td (by ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 505.85 Td (KfW ) Tj ET Q q 0 0 0 rg BT 78.00 505.85 Td (IPEX-Bank ) Tj ET Q q 0 0 0 rg BT 124.52 505.85 Td (GmbH ) Tj ET Q q 0 0 0 rg BT 153.02 505.85 Td (as ) Tj ET Q q 0 0 0 rg BT 165.03 505.85 Td (agent ) Tj ET Q q 0 0 0 rg BT 190.05 505.85 Td (and ) Tj ET Q q 0 0 0 rg BT 207.57 505.85 Td (lender) Tj ET Q q 0 0 0 rg BT 232.09 505.85 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 484.25 Td (The ) Tj ET Q q 0 0 0 rg BT 76.67 484.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 116.36 484.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.53 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.70 484.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 180.39 484.25 Td (will ) Tj ET Q q 0 0 0 rg BT 195.55 484.25 Td (be ) Tj ET Q q 0 0 0 rg BT 208.23 484.25 Td (used ) Tj ET Q q 0 0 0 rg BT 230.41 484.25 Td (to ) Tj ET Q q 0 0 0 rg BT 240.57 484.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 260.75 484.25 Td (just ) Tj ET Q q 0 0 0 rg BT 277.42 484.25 Td (over ) Tj ET Q q 0 0 0 rg BT 297.59 484.25 Td (80% ) Tj ET Q q 0 0 0 rg BT 318.27 484.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.44 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.61 484.25 Td (total ) Tj ET Q q 0 0 0 rg BT 363.29 484.25 Td (project ) Tj ET Q q 0 0 0 rg BT 392.96 484.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 419.13 484.25 Td (Concurrent ) Tj ET Q q 0 0 0 rg BT 466.32 484.25 Td (with ) Tj ET Q q 0 0 0 rg BT 484.98 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 500.16 484.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 530.84 484.25 Td (of ) Tj ET Q q 0 0 0 rg BT 541.01 484.25 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 473.45 Td (financing, ) Tj ET Q q 0 0 0 rg BT 98.74 473.45 Td (V) Tj ET Q q 0 0 0 rg BT 104.58 473.45 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 168.82 473.45 Td (L.P) Tj ET Q q 0 0 0 rg BT 181.17 473.45 Td (. ) Tj ET Q q 0 0 0 rg BT 185.38 473.45 Td (has ) Tj ET Q q 0 0 0 rg BT 201.60 473.45 Td (settled ) Tj ET Q q 0 0 0 rg BT 229.83 473.45 Td (the ) Tj ET Q q 0 0 0 rg BT 244.06 473.45 Td (bond ) Tj ET Q q 0 0 0 rg BT 265.79 473.45 Td (forward ) Tj ET Q q 0 0 0 rg BT 297.51 473.45 Td (contracts ) Tj ET Q q 0 0 0 rg BT 335.74 473.45 Td (used ) Tj ET Q q 0 0 0 rg BT 356.97 473.45 Td (to ) Tj ET Q q 0 0 0 rg BT 366.18 473.45 Td (hedge ) Tj ET Q q 0 0 0 rg BT 392.92 473.45 Td (the ) Tj ET Q q 0 0 0 rg BT 407.15 473.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 438.37 473.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 455.59 473.45 Td (on ) Tj ET Q q 0 0 0 rg BT 467.31 473.45 Td (the ) Tj ET Q q 0 0 0 rg BT 481.54 473.45 Td (debt ) Tj ET Q q 0 0 0 rg BT 500.77 473.45 Td (and ) Tj ET Q q 0 0 0 rg BT 517.49 473.45 Td (therefore ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 462.65 Td (protect ) Tj ET Q q 0 0 0 rg BT 88.21 462.65 Td (the ) Tj ET Q q 0 0 0 rg BT 102.92 462.65 Td (expected ) Tj ET Q q 0 0 0 rg BT 141.65 462.65 Td (returns ) Tj ET Q q 0 0 0 rg BT 171.85 462.65 Td (on ) Tj ET Q q 0 0 0 rg BT 184.06 462.65 Td (the ) Tj ET Q q 0 0 0 rg BT 198.77 462.65 Td (project, ) Tj ET Q q 0 0 0 rg BT 230.48 462.65 Td (giving ) Tj ET Q q 0 0 0 rg BT 256.20 462.65 Td (rise ) Tj ET Q q 0 0 0 rg BT 272.90 462.65 Td (to ) Tj ET Q q 0 0 0 rg BT 282.60 462.65 Td (a ) Tj ET Q q 0 0 0 rg BT 289.80 462.65 Td (realized ) Tj ET Q q 0 0 0 rg BT 323.52 462.65 Td (gain ) Tj ET Q q 0 0 0 rg BT 342.73 462.65 Td (on ) Tj ET Q q 0 0 0 rg BT 354.94 462.65 Td (derivative ) Tj ET Q q 0 0 0 rg BT 395.66 462.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 430.87 462.65 Td (instruments ) Tj ET Q q 0 0 0 rg BT 479.59 462.65 Td (of ) Tj ET Q q 0 0 0 rg BT 489.29 462.65 Td ($2.2million; ) Tj ET Q q 0 0 0 rg BT 539.51 462.65 Td (this ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 451.85 Td (is ) Tj ET Q q 0 0 0 rg BT 67.50 451.85 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 111.03 451.85 Td (to ) Tj ET Q q 0 0 0 rg BT 121.04 451.85 Td (a ) Tj ET Q q 0 0 0 rg BT 128.54 451.85 Td (fixed ) Tj ET Q q 0 0 0 rg BT 150.06 451.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 182.07 451.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 200.08 451.85 Td (of ) Tj ET Q q 0 0 0 rg BT 210.08 451.85 Td (approximately ) Tj ET Q q 0 0 0 rg BT 268.61 451.85 Td (5.5% ) Tj ET Q q 0 0 0 rg BT 291.63 451.85 Td (on ) Tj ET Q q 0 0 0 rg BT 304.14 451.85 Td (the ) Tj ET Q q 0 0 0 rg BT 319.15 451.85 Td (loan.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 58.50 429.05 Td (Changes ) Tj ET Q q 0.2 0 0.6 rg BT 103.51 429.05 Td (to ) Tj ET Q q 0.2 0 0.6 rg BT 115.73 429.05 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 133.50 429.05 Td (Dividend ) Tj ET Q q 0.2 0 0.6 rg BT 178.51 429.05 Td (Reinvestment ) Tj ET Q q 0.2 0 0.6 rg BT 246.86 429.05 Td (Plan ) Tj ET Q q 0.2 0 0.6 rg BT 270.76 429.05 Td (\(DRIP\)) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.12156862745098039 0.28627450980392155 0.49019607843137253 rg BT 58.50 405.05 Td (I) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 61.28 405.05 Td (n ) Tj ET Q q 0 0 0 rg BT 69.20 405.05 Td (view ) Tj ET Q q 0 0 0 rg BT 90.12 405.05 Td (of ) Tj ET Q q 0 0 0 rg BT 100.54 405.05 Td (current ) Tj ET Q q 0 0 0 rg BT 131.46 405.05 Td (market ) Tj ET Q q 0 0 0 rg BT 161.88 405.05 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 207.82 405.05 Td (the ) Tj ET Q q 0 0 0 rg BT 223.25 405.05 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 273.19 405.05 Td (has ) Tj ET Q q 0 0 0 rg BT 290.62 405.05 Td (elected ) Tj ET Q q 0 0 0 rg BT 322.55 405.05 Td (to ) Tj ET Q q 0 0 0 rg BT 332.97 405.05 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 371.90 405.05 Td (the ) Tj ET Q q 0 0 0 rg BT 387.33 405.05 Td (2.5% ) Tj ET Q q 0 0 0 rg BT 410.76 405.05 Td (discount ) Tj ET Q q 0 0 0 rg BT 447.19 405.05 Td (applicable ) Tj ET Q q 0 0 0 rg BT 490.64 405.05 Td (to ) Tj ET Q q 0 0 0 rg BT 501.06 405.05 Td (the ) Tj ET Q q 0 0 0 rg BT 516.49 405.05 Td (purchase ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 394.25 Td (price ) Tj ET Q q 0 0 0 rg BT 80.41 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 90.32 394.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 119.73 394.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 148.15 394.25 Td (to ) Tj ET Q q 0 0 0 rg BT 158.05 394.25 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 212.49 394.25 Td (participating ) Tj ET Q q 0 0 0 rg BT 263.42 394.25 Td (in ) Tj ET Q q 0 0 0 rg BT 272.82 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.74 394.25 Td (DRIP) Tj ET Q q 0 0 0 rg BT 308.08 394.25 Td (. ) Tj ET Q q 0 0 0 rg BT 312.82 394.25 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 356.75 394.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 386.16 394.25 Td (purchased ) Tj ET Q q 0 0 0 rg BT 430.59 394.25 Td (under ) Tj ET Q q 0 0 0 rg BT 456.01 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 470.92 394.25 Td (DRIP) Tj ET Q q 0 0 0 rg BT 492.26 394.25 Td ( ) Tj ET Q q 0 0 0 rg BT 494.66 394.25 Td (will ) Tj ET Q q 0 0 0 rg BT 509.56 394.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 545.99 394.25 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 58.50 383.45 Td (be ) Tj ET Q q 0 0 0 rg BT 70.99 383.45 Td (issued ) Tj ET Q q 0 0 0 rg BT 99.48 383.45 Td (from ) Tj ET Q q 0 0 0 rg BT 119.96 383.45 Td (treasury) Tj ET Q q 0 0 0 rg BT 151.80 383.45 Td (, ) Tj ET Q q 0 0 0 rg BT 156.78 383.45 Td (and ) Tj ET Q q 0 0 0 rg BT 174.28 383.45 Td (the ) Tj ET Q q 0 0 0 rg BT 189.27 383.45 Td (price ) Tj ET Q q 0 0 0 rg BT 211.25 383.45 Td 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252.31679687500002 m 508.05517578125 252.31679687500002 l s q 0 0 1 rg BT 432.53 253.60 Td (www) Tj ET Q q 0 0 1 rg BT 451.53 253.60 Td (.innergex.com) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 508.06 253.60 Td ( ) Tj ET Q q 0 0 0 rg BT 510.53 253.60 Td (and ) Tj ET Q q 0 0 0 rg BT 528.01 253.60 Td (on ) Tj ET Q q 0 0 0 rg BT 540.50 253.60 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 242.80 Td (SEDAR ) Tj ET Q q 0 0 0 rg BT 92.52 242.80 Td (website ) Tj ET Q q 0 0 0 rg BT 125.56 242.80 Td (at ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 135.5791015625 241.51679687499995 m 198.60107421875 241.51679687499995 l s q 0 0 1 rg BT 135.58 242.80 Td (www) Tj ET Q q 0 0 1 rg BT 154.58 242.80 Td (.sedar) Tj ET Q q 0 0 1 rg BT 179.10 242.80 Td (.com) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 198.60 242.80 Td (. ) Tj ET Q q 0 0 0 rg BT 203.62 242.80 Td 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480.5 150.5 m 550.5 150.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 60.5 102.5 m 240.5 102.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 60.5 100.5 m 240.5 100.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 102.5 m 270.5 102.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 100.5 m 270.5 100.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 102.5 m 340.5 102.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 100.5 m 340.5 100.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 102.5 m 410.5 102.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 100.5 m 410.5 100.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 102.5 m 480.5 102.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 100.5 m 480.5 100.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 102.5 m 550.5 102.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 100.5 m 550.5 100.5 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 279.20 673.90 Td (Three-month) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 278.70 664.90 Td (period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 276.45 655.90 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 349.20 673.90 Td (Three-month) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 348.70 664.90 Td (period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 346.45 655.90 Td (June 30, 2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 424.70 673.90 Td (Six-month) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 418.70 664.90 Td (period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 416.45 655.90 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 494.70 673.90 Td (Six-month) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 488.70 664.90 Td (period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 486.45 655.90 Td (June 30, 2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 243.20 642.45 Td (Notes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 351.20 642.45 Td (\(Note 2.2.1\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.20 642.45 Td (\(Note 2.2.1\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 63.00 629.45 Td (Revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 616.45 Td (Operating) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.45 616.45 Td (63,167) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.45 616.45 Td (54,360) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 616.45 Td (98,855) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.45 616.45 Td (82,429) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 63.00 603.45 Td (Expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 590.45 Td (Operating) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.45 590.45 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 308.45 590.45 Td (8,259) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 378.45 590.45 Td (6,470) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 590.45 Td (14,717) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.45 590.45 Td (12,134) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 577.45 Td (General and administrative) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 308.45 577.45 Td (2,924) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 378.45 577.45 Td (2,639) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.45 577.45 Td (5,926) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.45 577.45 Td (5,672) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 564.45 Td (Prospective project expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 315.95 564.45 Td (724) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.95 564.45 Td (647) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.45 564.45 Td (1,549) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.45 564.45 Td (1,730) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 547.90 Td (Earnings before finance costs, income ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 538.90 Td (taxes, depreciation, amortization, other ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 529.90 Td (net expenses \(revenues\), share of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 520.90 Td (\(earnings\) loss of joint ventures and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 511.90 Td (unrealized net \(gain\) loss on derivative ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 502.90 Td (financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.45 502.90 Td (51,260) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.45 502.90 Td (44,604) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 502.90 Td (76,663) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.45 502.90 Td (62,893) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 489.45 Td (Finance costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.45 489.45 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.45 489.45 Td (18,826) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.45 489.45 Td (18,194) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 489.45 Td (31,778) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.45 489.45 Td (32,130) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 476.45 Td (Other net expenses \(revenues\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.45 476.45 Td (6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 308.45 476.45 Td (2,958) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.95 476.45 Td (\(822) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.00 476.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.95 476.45 Td (585) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 476.45 Td (\(1,421) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.00 476.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 457.90 Td (Earnings before income taxes, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 448.90 Td (depreciation, amortization, share of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 439.90 Td (\(earnings\) loss of joint ventures and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 430.90 Td (unrealized net \(gain\) loss on derivative ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 421.90 Td (financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.45 421.90 Td (29,476) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.45 421.90 Td (27,232) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 421.90 Td (44,300) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.45 421.90 Td (32,184) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 408.45 Td (Depreciation) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.45 408.45 Td (11,999) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.45 408.45 Td (10,373) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 408.45 Td (24,008) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.45 408.45 Td (19,741) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 395.45 Td (Amortization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 308.45 395.45 Td (5,453) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 378.45 395.45 Td (5,250) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 395.45 Td (10,905) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.45 395.45 Td (10,439) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 382.45 Td (Share of \(earnings\) loss of joint ventures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.45 382.45 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.45 382.45 Td (\(3,832) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 331.00 382.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.95 382.45 Td (108) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.45 382.45 Td (\(3,706) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.00 382.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.95 382.45 Td (\(594) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.00 382.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 368.90 Td (Unrealized net \(gain\) loss on derivative) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 359.90 Td (financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 359.90 Td (\(27,318) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 331.00 359.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.45 359.90 Td (27,105) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.45 359.90 Td (\(31,156) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.00 359.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.45 359.90 Td (7,006) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 63.00 346.45 Td (Earnings \(loss\) before income taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.45 346.45 Td (43,174) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.45 346.45 Td (\(15,604) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.00 346.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 346.45 Td (44,249) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 346.45 Td (\(4,408) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.00 346.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 320.45 Td (Provision \(recovery\) for income taxes :) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 307.45 Td (Current) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 315.95 307.45 Td (854) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.95 307.45 Td (478) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.45 307.45 Td (1,658) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.95 307.45 Td (950) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 294.45 Td (Deferred) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.45 294.45 Td (11,281) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.45 294.45 Td (\(4,217) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.00 294.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 294.45 Td (11,730) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 294.45 Td (\(1,298) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.00 294.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.45 281.45 Td (12,135) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.45 281.45 Td (\(3,739) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.00 281.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 281.45 Td (13,388) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.95 281.45 Td (\(348) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.00 281.45 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 63.00 268.45 Td (Net earnings \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.45 268.45 Td (31,039) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.45 268.45 Td (\(11,865) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.00 268.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 268.45 Td (30,861) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 268.45 Td (\(4,060) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.00 268.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 242.45 Td (Net earnings \(loss\) attributable to:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 229.45 Td (Owners of the parent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.45 229.45 Td (28,302) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.45 229.45 Td (\(9,055) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.00 229.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 229.45 Td (31,099) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.95 229.45 Td (\(132) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.00 229.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.00 216.45 Td (Non-controlling interests) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 308.45 216.45 Td (2,737) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.45 216.45 Td (\(2,810) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.00 216.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.95 216.45 Td (\(238) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.00 216.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 216.45 Td (\(3,928) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.00 216.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.45 203.45 Td (31,039) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.45 203.45 Td (\(11,865) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.00 203.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 203.45 Td (30,861) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 203.45 Td (\(4,060) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.00 203.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 176.90 Td (W) Tj ET Q q 0 0 0 rg BT 71.33 176.90 Td (eighted average number of common ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 167.90 Td (shares outstanding \(in 000\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.45 167.90 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.45 167.90 Td (94,370) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.45 167.90 Td (81,282) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 167.90 Td (94,142) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.45 167.90 Td (81,282) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 154.45 Td (Basic net earnings \(loss\) per share) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.45 154.45 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 313.45 154.45 Td (0.28) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.45 154.45 Td (\(0.12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.00 154.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.45 154.45 Td (0.29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 154.45 Td (\(0.03) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.00 154.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 127.90 Td (Diluted weighted average number of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 118.90 Td (common shares outstanding \(in 000\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.45 118.90 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.45 118.90 Td (94,433) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.45 118.90 Td (81,439) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 118.90 Td (94,219) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.45 118.90 Td (81,436) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 63.00 105.45 Td (Diluted net earnings \(loss\) per share) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.45 105.45 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 313.45 105.45 Td (0.28) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.45 105.45 Td (\(0.12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.00 105.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.45 105.45 Td (0.29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 105.45 Td (\(0.03) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.00 105.45 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F5 9.00 Tf ET q 0 0 0 rg BT 59.00 80.45 Td (The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.) 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653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 653.6 m 271.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 653.6 m 365.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 653.6 m 460.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 653.6 m 549.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 61.5 536.6 m 239.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 536.6 m 271.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 536.6 m 365.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 536.6 m 460.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 536.6 m 549.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 61.5 536.6 m 239.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 61.5 523.6 m 239.5 523.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 536.6 m 271.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 523.6 m 271.5 523.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 536.6 m 365.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 523.6 m 365.5 523.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 536.6 m 460.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 523.6 m 460.5 523.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 536.6 m 549.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 523.6 m 549.5 523.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 406.6 m 365.5 406.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 406.6 m 460.5 406.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 406.6 m 549.5 406.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 61.5 406.6 m 239.5 406.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 61.5 393.6 m 239.5 393.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 406.6 m 271.5 406.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 393.6 m 271.5 393.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 406.6 m 365.5 406.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 393.6 m 365.5 393.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 406.6 m 460.5 406.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 393.6 m 460.5 393.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 406.6 m 549.5 406.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 393.6 m 549.5 393.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 61.5 256.6 m 239.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 256.6 m 271.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 256.6 m 365.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 256.6 m 460.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 256.6 m 549.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 256.6 m 549.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 61.5 230.60000000000002 m 239.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 230.60000000000002 m 271.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 230.60000000000002 m 365.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 230.60000000000002 m 460.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 230.60000000000002 m 549.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 61.5 230.60000000000002 m 239.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 61.5 217.60000000000002 m 239.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 230.60000000000002 m 271.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 217.60000000000002 m 271.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 230.60000000000002 m 365.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 217.60000000000002 m 365.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 230.60000000000002 m 460.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 217.60000000000002 m 460.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 230.60000000000002 m 549.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 217.60000000000002 m 549.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 61.5 217.60000000000002 m 239.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 61.5 205.60000000000002 m 239.5 205.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 61.5 203.60000000000002 m 239.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 217.60000000000002 m 271.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 205.60000000000002 m 271.5 205.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 203.60000000000002 m 271.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 217.60000000000002 m 365.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 205.60000000000002 m 365.5 205.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 203.60000000000002 m 365.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 217.60000000000002 m 460.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 205.60000000000002 m 460.5 205.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 203.60000000000002 m 460.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 217.60000000000002 m 549.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 205.60000000000002 m 549.5 205.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 203.60000000000002 m 549.5 203.60000000000002 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 64.00 657.55 Td (As at) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 289.45 657.55 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 372.95 657.55 Td (December 31, 2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 472.20 657.55 Td (January 1, 2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 242.00 644.55 Td (Notes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 388.70 644.55 Td (\(Note 2.2.2\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.70 644.55 Td (\(Note 2.2.3\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 64.00 631.55 Td (Liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 64.00 618.55 Td (Current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.00 605.55 Td (Dividends payable to shareholders) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.45 605.55 Td (15,477) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.45 605.55 Td (14,643) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.45 605.55 Td (12,848) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.00 592.55 Td (Accounts payable and other payables) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.45 592.55 Td (52,723) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.45 592.55 Td (41,253) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.45 592.55 Td (26,559) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.00 579.55 Td (Income tax liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.45 579.55 Td (1,997) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.45 579.55 Td (1,541) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.45 579.55 Td (2,835) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.00 566.55 Td (Derivative financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.45 566.55 Td (12,434) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.45 566.55 Td (17,198) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.45 566.55 Td (19,060) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.00 553.55 Td (Current portion of long-term debt) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 249.95 553.55 Td (10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.45 553.55 Td (24,191) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.45 553.55 Td (63,926) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.45 553.55 Td (18,982) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.00 540.55 Td (Contingent considerations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 347.00 540.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 442.00 540.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.95 540.55 Td (983) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.45 527.55 Td (106,822) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.45 527.55 Td (138,561) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.45 527.55 Td (81,267) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 64.00 501.55 Td (Construction holdbacks) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.95 501.55 Td (284) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.45 501.55 Td (1,668) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.45 501.55 Td (2,081) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 64.00 488.55 Td (Derivative financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.45 488.55 Td (33,583) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.45 488.55 Td (60,808) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.45 488.55 Td (68,386) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 64.00 475.55 Td (Accrual for acquisition of long-term assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.45 475.55 Td (1,651) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.45 475.55 Td (12,899) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.45 475.55 Td (41,267) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 64.00 462.55 Td (Long-term debt) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 249.95 462.55 Td (10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 315.95 462.55 Td (1,249,200) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.95 462.55 Td (1,166,782) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.95 462.55 Td (1,006,646) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 64.00 449.55 Td (Liability portion of convertible debentures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.45 449.55 Td (79,742) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.45 449.55 Td (79,655) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.45 449.55 Td (79,490) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 64.00 436.55 Td (Contingent considerations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.45 436.55 Td (2,894) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.45 436.55 Td (2,775) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.45 436.55 Td (2,904) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 64.00 423.55 Td (Asset retirement obligations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.45 423.55 Td (6,227) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.45 423.55 Td (6,095) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.45 423.55 Td (3,858) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 64.00 410.55 Td (Deferred tax liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.45 410.55 Td (148,710) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.45 410.55 Td (139,265) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.45 410.55 Td (140,454) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 315.95 397.55 Td (1,629,113) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.95 397.55 Td (1,608,508) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.95 397.55 Td (1,426,353) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 64.00 371.55 Td (Shareholders equity) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.00 358.55 Td (Common share capital) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 250.30 358.55 Td (1) Tj ET Q q 0 0 0 rg BT 254.64 358.55 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.95 358.55 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.45 358.55 Td (120,500) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.95 358.55 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.00 345.55 Td (Preferred shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.45 345.55 Td (131,069) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.45 345.55 Td (131,069) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.45 345.55 Td (82,589) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.00 332.00 Td (Contributed surplus from reduction of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 80.50 323.00 Td (capital on common shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 250.30 323.00 Td (1) Tj ET Q q 0 0 0 rg BT 254.64 323.00 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.45 323.00 Td (784,482) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.45 323.00 Td (656,281) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.45 323.00 Td (656,281) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.00 309.55 Td (Share-based payment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.45 309.55 Td (1,682) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.45 309.55 Td (1,511) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.45 309.55 Td (1,361) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.00 296.55 Td (Equity portion of convertible debentures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.45 296.55 Td (1,340) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.45 296.55 Td (1,340) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.45 296.55 Td (1,340) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.00 283.55 Td (Deficit) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.45 283.55 Td (\(330,670) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 356.00 283.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 415.45 283.55 Td (\(330,621) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.00 283.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 504.45 283.55 Td (\(277,083) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.00 283.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.00 270.00 Td (Accumulated other comprehensive ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 80.50 261.00 Td (income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.95 261.00 Td (235) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.95 261.00 Td (241) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.95 261.00 Td (228) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.00 247.55 Td (Equity attributable to owners) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.45 247.55 Td (588,139) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.45 247.55 Td (580,321) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.45 247.55 Td (464,717) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.00 234.55 Td (Non-controlling interests) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.45 234.55 Td (83,929) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.45 234.55 Td (107,611) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.45 234.55 Td (114,399) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.00 221.55 Td (Total shareholders equity) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.45 221.55 Td (672,068) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.45 221.55 Td (687,932) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.45 221.55 Td (579,116) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 315.95 208.55 Td (2,301,181) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.95 208.55 Td (2,296,440) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.95 208.55 Td (2,005,469) Tj ET Q BT /F2 10.00 Tf ET BT /F5 9.00 Tf ET q 0 0 0 rg BT 59.00 183.50 Td (The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.) Tj ET Q endstream endobj 87 0 obj <> endobj 88 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 568.70 Td (CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 249.73 568.70 Td (TED ST) Tj ET Q q 0 0 0 rg BT 305.44 568.70 Td (A) Tj ET Q q 0 0 0 rg BT 314.92 568.70 Td (TEMENTS OF CHANGES IN SHAREHOLDERS) Tj ET Q q 0 0 0 rg BT 661.93 568.70 Td ( EQUITY) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 556.70 Td (\(Unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 544.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 284.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 43) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 58.50 504.60 113.00 -61.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 171.50 504.60 51.00 -61.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 222.50 504.60 51.00 -61.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 273.50 504.60 51.00 -61.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 324.50 504.60 50.00 -61.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 374.50 504.60 51.00 -61.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 425.50 504.60 51.00 -61.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 476.50 504.60 46.00 -61.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 522.50 504.60 61.00 -61.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 583.50 504.60 48.00 -61.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 631.50 504.60 44.00 -61.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 675.50 504.60 57.00 -61.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 443.6 m 171.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171.5 443.6 m 222.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 443.6 m 273.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 443.6 m 324.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 443.6 m 374.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 443.6 m 425.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 443.6 m 476.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 443.6 m 522.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 443.6 m 583.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 583.5 443.6 m 631.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 631.5 443.6 m 675.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 675.5 443.6 m 732.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 348.6 m 171.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171.5 348.6 m 222.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 348.6 m 273.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 348.6 m 324.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 348.6 m 374.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 348.6 m 425.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 348.6 m 476.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 348.6 m 522.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 348.6 m 583.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 583.5 348.6 m 631.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 631.5 348.6 m 675.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 675.5 348.6 m 732.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 348.6 m 171.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171.5 348.6 m 222.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 348.6 m 273.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 348.6 m 324.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 348.6 m 374.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 348.6 m 425.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 348.6 m 476.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 348.6 m 522.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 348.6 m 583.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 583.5 348.6 m 631.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 631.5 348.6 m 675.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 675.5 348.6 m 732.5 348.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 177.60000000000002 m 171.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 171.5 177.60000000000002 m 222.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 177.60000000000002 m 273.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 177.60000000000002 m 324.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 177.60000000000002 m 374.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 177.60000000000002 m 425.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 177.60000000000002 m 476.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 177.60000000000002 m 522.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 177.60000000000002 m 583.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 583.5 177.60000000000002 m 631.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 631.5 177.60000000000002 m 675.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 675.5 177.60000000000002 m 732.5 177.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 165.60000000000002 m 171.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 163.60000000000002 m 171.5 163.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171.5 165.60000000000002 m 222.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171.5 163.60000000000002 m 222.5 163.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 165.60000000000002 m 273.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 163.60000000000002 m 273.5 163.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 165.60000000000002 m 324.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 163.60000000000002 m 324.5 163.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 165.60000000000002 m 374.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 163.60000000000002 m 374.5 163.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 165.60000000000002 m 425.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 163.60000000000002 m 425.5 163.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 165.60000000000002 m 476.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 163.60000000000002 m 476.5 163.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 165.60000000000002 m 522.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 163.60000000000002 m 522.5 163.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 165.60000000000002 m 583.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 163.60000000000002 m 583.5 163.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 583.5 165.60000000000002 m 631.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 583.5 163.60000000000002 m 631.5 163.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 631.5 165.60000000000002 m 675.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 631.5 163.60000000000002 m 675.5 163.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 675.5 165.60000000000002 m 732.5 165.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 675.5 163.60000000000002 m 732.5 163.60000000000002 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 61.00 455.83 Td (For the six-month period ) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 65.50 447.83 Td (ended June 30, 2013) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 177.80 471.83 Td (Number of ) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 181.15 463.83 Td (common ) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 184.45 455.83 Td (shares ) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 179.95 447.83 Td (\(In 000's\)) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 231.25 471.83 Td (Common) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 237.45 463.83 Td (share) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 235.90 455.83 Td (capital) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 233.45 447.83 Td (account) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 281.80 455.83 Td (Preferred) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 286.45 447.83 Td (shares) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 328.30 495.83 Td (Contributed) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 336.10 487.83 Td (surplus) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 341.00 479.83 Td (from) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 328.05 471.83 Td (reduction of) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 331.85 463.83 Td (capital on) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 333.65 455.83 Td (common) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 336.95 447.83 Td (shares) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 387.45 463.83 Td (Share-) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 388.60 455.83 Td (based) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 384.15 447.83 Td (payment) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 439.35 471.83 Td (Equity) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 433.80 463.83 Td (portion of) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 431.15 455.83 Td (convertible) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 430.45 447.83 Td (debentures) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 487.85 447.83 Td (Deficit) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 529.35 471.83 Td (Accumulated) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 543.35 463.83 Td (other) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 525.35 455.83 Td (comprehensive) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 539.60 447.83 Td (income) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 595.85 463.83 Td (Equity) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 587.20 455.83 Td (attributable) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 589.65 447.83 Td (to owners) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 644.30 463.83 Td (Non-) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 634.75 455.83 Td (controlling) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 637.85 447.83 Td (interests) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 678.95 455.83 Td (Shareholders) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 692.80 447.83 Td (equity) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 61.00 421.83 Td (Balance January 1, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 188.80 421.83 Td (93,660) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 235.35 421.83 Td (120,500) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.35 421.88 Td (131,069) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.30 421.83 Td (656,281) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.25 421.88 Td (1,511) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 447.25 421.88 Td (1,340) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.70 421.88 Td (\(330,621) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.30 421.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 560.95 421.83 Td (241) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 593.35 421.83 Td (580,321) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 637.35 421.83 Td (107,611) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 694.35 421.83 Td (687,932) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 61.00 382.83 Td (Net earnings \(loss\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.80 382.88 Td (31,099) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 597.80 382.83 Td (31,099) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 650.25 382.83 Td (\(238) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 666.30 382.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 698.80 382.83 Td (30,861) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 61.00 360.83 Td (Other items of comprehensive ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.50 352.83 Td (income \(loss\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 567.15 352.83 Td (\(6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 574.30 352.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 615.15 352.83 Td (\(6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 622.30 352.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 716.15 352.83 Td (\(6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 723.30 352.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 61.00 339.83 Td (Total comprehensive income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.50 331.83 Td (\(loss\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 205.25 331.83 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 256.25 331.83 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 307.25 331.83 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 357.25 331.83 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.25 331.83 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.25 331.83 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.80 331.88 Td (31,099) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 567.15 331.83 Td (\(6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 574.30 331.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 597.80 331.83 Td (31,093) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 650.25 331.83 Td (\(238) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 666.30 331.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 698.80 331.83 Td (30,855) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 61.00 301.83 Td (Common shares issued ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.50 293.83 Td (through dividend ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.50 285.83 Td (reinvestment plan) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 199.95 285.83 Td (790) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 244.25 285.88 Td (7,702) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 602.25 285.83 Td (7,702) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 703.25 285.83 Td (7,702) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 61.00 272.83 Td (Reduction of capital on ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.50 264.83 Td (Common shares \(Note 1) Tj ET Q q 0 0 0 rg BT 152.05 264.83 Td (1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 232.70 264.83 Td (\(128,201) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 264.30 264.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.30 264.83 Td (128,201) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 614.25 264.83 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 715.25 264.83 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 61.00 251.83 Td (Share-based payment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.95 251.88 Td (171) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 608.95 251.83 Td (171) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 709.95 251.83 Td (171) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 61.00 238.83 Td (Distributions to non-) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.50 230.83 Td (controlling interests ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.50 222.83 Td (\(Note 15\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 639.15 222.83 Td (\(23,444) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 666.30 222.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 696.15 222.83 Td (\(23,444) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 723.30 222.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 61.00 209.83 Td (Dividends declared on ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.50 201.83 Td (Common shares) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.15 201.83 Td (\(27,320) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.30 201.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 595.15 201.83 Td (\(27,320) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 622.30 201.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 696.15 201.83 Td (\(27,320) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 723.30 201.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 61.00 189.28 Td (Dividends declared on ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.50 181.28 Td (Preferred shares) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.60 181.88 Td (\(3,828) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.30 181.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 599.60 181.83 Td (\(3,828) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 622.30 181.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 700.60 181.83 Td (\(3,828) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 723.30 181.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 61.00 168.83 Td (Balance June 30, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 188.80 168.83 Td (94,450) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 259.85 168.83 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.35 168.88 Td (131,069) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.30 168.83 Td (784,482) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.25 168.88 Td (1,682) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 447.25 168.88 Td (1,340) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.70 168.88 Td (\(330,670) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.30 168.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 560.95 168.83 Td (235) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 593.35 168.83 Td (588,139) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 641.80 168.83 Td (83,929) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 694.35 168.83 Td (672,068) Tj ET Q BT /F2 10.00 Tf ET BT /F5 9.00 Tf ET q 0 0 0 rg BT 59.00 142.30 Td (The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.) Tj ET Q endstream endobj 89 0 obj <> endobj 90 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 568.70 Td (CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 249.73 568.70 Td (TED ST) Tj ET Q q 0 0 0 rg BT 305.44 568.70 Td (A) Tj ET Q q 0 0 0 rg BT 314.92 568.70 Td (TEMENTS OF CHANGES IN SHAREHOLDERS) Tj ET Q q 0 0 0 rg BT 661.93 568.70 Td ( EQUITY) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 556.70 Td (\(Unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 544.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 284.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 44) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 25.50 504.60 138.00 -53.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 163.50 504.60 57.00 -53.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 220.50 504.60 58.00 -53.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 278.50 504.60 49.00 -53.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 327.50 504.60 58.00 -53.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 385.50 504.60 50.00 -53.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 435.50 504.60 58.00 -53.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 493.50 504.60 45.00 -53.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 538.50 504.60 63.00 -53.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 601.50 504.60 54.00 -53.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 655.50 504.60 53.00 -53.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 708.50 504.60 57.00 -53.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 25.5 451.6 m 163.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 451.6 m 220.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 451.6 m 278.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 451.6 m 327.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 451.6 m 385.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 451.6 m 435.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 451.6 m 493.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 451.6 m 538.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 538.5 451.6 m 601.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 601.5 451.6 m 655.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 655.5 451.6 m 708.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 451.6 m 765.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 361.6 m 538.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 538.5 361.6 m 601.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 601.5 361.6 m 655.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 655.5 361.6 m 708.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 361.6 m 765.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 25.5 361.6 m 163.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 361.6 m 220.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 361.6 m 278.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 361.6 m 327.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 361.6 m 385.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 361.6 m 435.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 361.6 m 493.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 361.6 m 538.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 538.5 361.6 m 601.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 601.5 361.6 m 655.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 655.5 361.6 m 708.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 361.6 m 765.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 279.6 m 220.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 279.6 m 278.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 279.6 m 327.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 279.6 m 385.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 279.6 m 435.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 279.6 m 493.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 279.6 m 538.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 538.5 279.6 m 601.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 601.5 279.6 m 655.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 655.5 279.6 m 708.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 279.6 m 765.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 25.5 279.6 m 163.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 25.5 267.6 m 163.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 25.5 265.6 m 163.5 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 279.6 m 220.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 267.6 m 220.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 265.6 m 220.5 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 279.6 m 278.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 267.6 m 278.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 265.6 m 278.5 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 279.6 m 327.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 267.6 m 327.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 265.6 m 327.5 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 279.6 m 385.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 267.6 m 385.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 265.6 m 385.5 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 279.6 m 435.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 267.6 m 435.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 265.6 m 435.5 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 279.6 m 493.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 267.6 m 493.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 265.6 m 493.5 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 279.6 m 538.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 267.6 m 538.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 265.6 m 538.5 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 538.5 279.6 m 601.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 538.5 267.6 m 601.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 538.5 265.6 m 601.5 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 601.5 279.6 m 655.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 601.5 267.6 m 655.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 601.5 265.6 m 655.5 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 655.5 279.6 m 708.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 655.5 267.6 m 708.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 655.5 265.6 m 708.5 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 279.6 m 765.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 267.6 m 765.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 265.6 m 765.5 265.6 l s BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 28.00 463.83 Td (For the six-month period ended ) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 32.50 455.83 Td (June 30, 2012 ) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 172.80 479.83 Td (Number of ) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 176.15 471.83 Td (common ) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 179.45 463.83 Td (shares ) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 174.95 455.83 Td (\(In 000's\)) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 232.75 471.83 Td (Common) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 226.30 463.83 Td (share capital) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 234.95 455.83 Td (account) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 285.80 463.83 Td (Preferred) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 290.45 455.83 Td (shares) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 335.30 495.83 Td (Contributed) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 333.95 487.83 Td (surplus from) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 335.05 479.83 Td (reduction of) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 338.85 471.83 Td (capital on) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 340.65 463.83 Td (common) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 343.95 455.83 Td (shares) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 397.95 471.83 Td (Share-) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 399.10 463.83 Td (based) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 394.65 455.83 Td (payment) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 439.50 471.83 Td (Equity portion) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 440.20 463.83 Td (of convertible) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 443.95 455.83 Td (debentures) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 504.35 455.83 Td (Deficit) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 546.35 479.83 Td (Accumulated) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 560.35 471.83 Td (other) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 542.35 463.83 Td (comprehensive) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 556.60 455.83 Td (income) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 616.85 471.83 Td (Equity) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 608.20 463.83 Td (attributable) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 610.65 455.83 Td (to owners) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 672.80 471.83 Td (Non-) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 663.25 463.83 Td (controlling) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 666.35 455.83 Td (interests) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 711.95 463.83 Td (Shareholders) Tj ET Q BT /F3 8.00 Tf ET q 1 1 1 rg BT 725.80 455.83 Td (equity) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 28.00 429.83 Td (Balance January 1, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 186.75 429.83 Td (81,282) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 264.85 429.83 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.80 429.88 Td (82,589) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 347.30 429.83 Td (656,281) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 406.25 429.88 Td (1,361) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.25 429.88 Td (1,340) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 497.70 429.88 Td (\(277,083) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.30 429.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 578.95 429.83 Td (228) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 617.35 429.83 Td (464,717) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 670.35 429.83 Td (114,399) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 727.35 429.83 Td (579,116) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 28.00 390.83 Td (Net loss) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.25 390.88 Td (\(132) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.30 390.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 630.25 390.83 Td (\(132) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 646.30 390.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 676.60 390.83 Td (\(3,928) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 699.30 390.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 733.60 390.83 Td (\(4,060) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 756.30 390.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 28.00 365.83 Td (Other items of comprehensive loss) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 585.15 365.83 Td (\(5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 592.30 365.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 639.15 365.83 Td (\(5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 646.30 365.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 749.15 365.83 Td (\(5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 756.30 365.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 28.00 352.83 Td (T) Tj ET Q q 0 0 0 rg BT 32.00 352.83 Td (otal comprehensive loss) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 203.25 352.83 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 261.25 352.83 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 310.25 352.83 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.25 352.83 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.25 352.83 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 476.25 352.83 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.25 352.88 Td (\(132) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.30 352.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 585.15 352.83 Td (\(5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 592.30 352.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 630.25 352.83 Td (\(137) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 646.30 352.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 676.60 352.83 Td (\(3,928) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 699.30 352.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 733.60 352.83 Td (\(4,065) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 756.30 352.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 28.00 326.83 Td (Share-based payment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 412.95 326.88 Td (222) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 632.95 326.83 Td (222) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 742.95 326.83 Td (222) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 28.00 313.83 Td (Dividends declared on Common ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 37.00 305.83 Td (shares) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.15 305.83 Td (\(23,572) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.30 305.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 619.15 305.83 Td (\(23,572) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 646.30 305.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 729.15 305.83 Td (\(23,572) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 756.30 305.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 28.00 291.83 Td (Dividends declared on Preferred ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 37.00 283.83 Td (shares ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.60 283.88 Td (\(2,125) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.30 283.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 623.60 283.83 Td (\(2,125) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 646.30 283.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 733.60 283.83 Td (\(2,125) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 756.30 283.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 28.00 270.83 Td (Balance June 30, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 186.75 270.83 Td (81,282) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 264.85 270.83 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.80 270.88 Td (82,589) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 347.30 270.83 Td (656,281) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 406.25 270.88 Td (1,583) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.25 270.88 Td (1,340) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 497.70 270.88 Td (\(302,912) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.30 270.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 578.95 270.83 Td (223) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 617.35 270.83 Td (439,105) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 670.35 270.83 Td (110,471) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 727.35 270.83 Td (549,576) Tj ET Q BT /F2 10.00 Tf ET BT /F5 9.00 Tf ET q 0 0 0 rg BT 27.00 246.70 Td (The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.) Tj ET Q endstream endobj 91 0 obj <> endobj 92 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 249.73 748.70 Td (TED ST) Tj ET Q q 0 0 0 rg BT 305.44 748.70 Td (A) Tj ET Q q 0 0 0 rg BT 314.92 748.70 Td (TEMENTS OF CASH FLOWS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(Unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 724.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 34.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 45) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 53.75 666.60 242.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 295.75 666.60 33.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 328.75 666.60 117.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 445.75 666.60 116.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 643.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 630.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 617.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 604.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 591.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 578.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 565.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 552.60 117.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 529.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 516.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 503.60 117.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 480.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 467.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 454.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 441.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 428.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 415.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 402.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 389.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 376.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 363.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 350.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 337.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 324.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 311.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 298.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 285.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 272.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 259.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 246.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 233.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 220.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 207.60 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 328.75 194.60 117.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 643.6 m 295.75 643.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.75 643.6 m 328.75 643.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.75 643.6 m 445.75 643.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.75 643.6 m 561.75 643.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 324.6 m 295.75 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.75 324.6 m 328.75 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.75 324.6 m 445.75 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.75 324.6 m 561.75 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.75 324.6 m 445.75 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 298.6 m 295.75 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.75 298.6 m 328.75 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.75 298.6 m 445.75 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.75 298.6 m 561.75 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 298.6 m 295.75 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 285.6 m 295.75 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.75 298.6 m 328.75 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.75 285.6 m 328.75 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.75 298.6 m 445.75 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.75 285.6 m 445.75 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.75 298.6 m 561.75 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.75 285.6 m 561.75 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 194.60000000000002 m 295.75 194.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.75 194.60000000000002 m 328.75 194.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.75 194.60000000000002 m 445.75 194.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.75 194.60000000000002 m 561.75 194.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 181.60000000000002 m 295.75 181.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.75 181.60000000000002 m 328.75 181.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.75 181.60000000000002 m 445.75 181.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.75 194.60000000000002 m 561.75 194.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.75 181.60000000000002 m 561.75 181.60000000000002 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 338.95 657.00 Td (Six-month period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 358.20 648.00 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 455.45 657.00 Td (Six-month period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 474.70 648.00 Td (June 30, 2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 299.95 634.55 Td (Notes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.45 634.55 Td (\(Note 2.2.4\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 56.25 621.55 Td (Operating activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 608.55 Td (Net earnings \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.70 608.55 Td (30,861) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.70 608.55 Td (\(4,060) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 552.25 608.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 595.55 Td (Items not affecting cash:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.25 582.55 Td (Depreciation) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.70 582.55 Td (24,008) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.70 582.55 Td (19,741) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.25 569.55 Td (Amortization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.70 569.55 Td (10,905) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.70 569.55 Td (10,439) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.25 556.55 Td (Share of earnings of joint ventures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.70 556.55 Td (\(3,706) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.25 556.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.20 556.55 Td (\(594) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 552.25 556.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.25 543.00 Td (Unrealized net \(gain\) loss on derivative financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.25 534.00 Td (instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.70 534.00 Td (\(31,156) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.25 534.00 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.70 534.00 Td (7,006) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.25 520.55 Td (Inflation compensation interest) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.20 520.55 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.70 520.55 Td (1,184) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.70 520.55 Td (3,356) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.25 507.55 Td (Amortization of financing fees) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.20 507.55 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.20 507.55 Td (462) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.20 507.55 Td (308) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.25 494.00 Td (Amortization of revaluation of long-term debt and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.25 485.00 Td (convertible debentures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.20 485.00 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.20 485.00 Td (781) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.20 485.00 Td (758) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.25 471.55 Td (Accretion expense on asset retirement obligations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.20 471.55 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.20 471.55 Td (132) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.20 471.55 Td (353) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.25 458.55 Td (Accretion expense on contingent considerations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.20 458.55 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.20 458.55 Td (119) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.20 458.55 Td (115) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.25 445.55 Td (Share-based payment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.20 445.55 Td (171) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.20 445.55 Td (222) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.25 432.55 Td (Deferred income taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.70 432.55 Td (11,730) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.70 432.55 Td (\(1,298) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 552.25 432.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.25 419.55 Td (Effect of exchange rate fluctuations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.20 419.55 Td (327) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.20 419.55 Td (\(12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 552.25 419.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.25 406.55 Td (Others) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.20 406.55 Td (\(41) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.25 406.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.25 406.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 393.55 Td (Interest on long-term debt and convertible debentures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.20 393.55 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.70 393.55 Td (28,938) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.70 393.55 Td (27,240) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 380.55 Td (Interest paid) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.70 380.55 Td (\(28,933) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.25 380.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.70 380.55 Td (\(27,097) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 552.25 380.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 367.55 Td (Distributions received from joint ventures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.70 367.55 Td (1,040) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.25 367.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 354.55 Td (Gain on contingent considerations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.20 354.55 Td (6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.25 354.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.20 354.55 Td (\(358) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 552.25 354.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 341.55 Td (Provision for current income taxes ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.70 341.55 Td (1,658) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.20 341.55 Td (950) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 328.55 Td (Net income taxes paid) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.20 328.55 Td (\(783) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.25 328.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.70 328.55 Td (\(1,783) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 552.25 328.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.70 315.55 Td (47,697) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.70 315.55 Td (35,286) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 302.55 Td (Changes in non-cash operating working capital items) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.70 302.55 Td (13) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.20 302.55 Td (289) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.70 302.55 Td (\(3,267) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 552.25 302.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.70 289.55 Td (47,986) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.70 289.55 Td (32,019) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 56.25 276.55 Td (Financing activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 263.55 Td (Dividends paid on Common shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.70 263.55 Td (\(19,504) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.25 263.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.70 263.55 Td (\(23,572) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 552.25 263.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 250.55 Td (Dividends paid on Preferred shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.70 250.55 Td (\(3,111) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.25 250.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.70 250.55 Td (\(2,125) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 552.25 250.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 237.55 Td (Increase of long-term debt) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 403.70 237.55 Td (121,414) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.70 237.55 Td (88,752) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 224.55 Td (Repayment of long-term debt) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.70 224.55 Td (\(78,767) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.25 224.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.70 224.55 Td (\(31,120) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 552.25 224.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 211.55 Td (Payment of deferred financing costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.70 211.55 Td (\(2,746) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.25 211.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.20 211.55 Td (\(326) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 552.25 211.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 198.55 Td (Payment of issuance costs on preferred shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.20 198.55 Td (\(353) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.25 198.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.25 198.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.70 185.55 Td (16,933) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.70 185.55 Td (31,609) Tj ET Q BT /F2 10.00 Tf ET BT /F5 9.00 Tf ET q 0 0 0 rg BT 54.00 160.50 Td (The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.) Tj ET Q endstream endobj 93 0 obj <> endobj 94 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 249.73 748.70 Td (TED ST) Tj ET Q q 0 0 0 rg BT 305.44 748.70 Td (A) Tj ET Q q 0 0 0 rg BT 314.92 748.70 Td (TEMENTS OF CASH FLOWS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 736.70 Td (\(Unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 724.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 34.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 46) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 53.75 683.50 233.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 286.75 683.50 37.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 323.75 683.50 119.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 442.75 683.50 119.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 660.50 119.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 647.50 119.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 634.50 119.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 621.50 119.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 608.50 119.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 585.50 119.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 564.50 119.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 551.50 119.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 538.50 119.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 525.50 119.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 511.50 119.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 497.50 119.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 484.50 119.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 471.50 119.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 448.50 119.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 435.50 119.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 422.50 119.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 409.50 119.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 396.50 119.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 383.50 119.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 370.50 119.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 357.50 119.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.75 344.50 119.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 660.5 m 286.75 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.75 660.5 m 323.75 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.75 660.5 m 442.75 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.75 660.5 m 561.75 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 484.5 m 286.75 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.75 484.5 m 323.75 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.75 484.5 m 442.75 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.75 484.5 m 561.75 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 484.5 m 286.75 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 471.5 m 286.75 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.75 484.5 m 323.75 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.75 471.5 m 323.75 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.75 484.5 m 442.75 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.75 471.5 m 442.75 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.75 484.5 m 561.75 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.75 471.5 m 561.75 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 471.5 m 286.75 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 448.5 m 286.75 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.75 448.5 m 323.75 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.75 471.5 m 442.75 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.75 448.5 m 442.75 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.75 471.5 m 561.75 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.75 448.5 m 561.75 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 409.5 m 286.75 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.75 409.5 m 323.75 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.75 409.5 m 561.75 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 409.5 m 286.75 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 397.5 m 286.75 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 395.5 m 286.75 395.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.75 409.5 m 323.75 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.75 397.5 m 323.75 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.75 395.5 m 323.75 395.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.75 409.5 m 442.75 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.75 397.5 m 442.75 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.75 395.5 m 442.75 395.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.75 409.5 m 561.75 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.75 397.5 m 561.75 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.75 395.5 m 561.75 395.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 344.5 m 286.75 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.75 344.5 m 323.75 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.75 344.5 m 442.75 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.75 344.5 m 561.75 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 344.5 m 286.75 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 332.5 m 286.75 332.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 330.5 m 286.75 330.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.75 344.5 m 323.75 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.75 332.5 m 323.75 332.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.75 330.5 m 323.75 330.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.75 344.5 m 442.75 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.75 332.5 m 442.75 332.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.75 330.5 m 442.75 330.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.75 344.5 m 561.75 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.75 332.5 m 561.75 332.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.75 330.5 m 561.75 330.5 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 334.95 673.90 Td (Six-month period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 354.20 664.90 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 453.95 673.90 Td (Six-month period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 473.20 664.90 Td (June 30, 2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 292.95 651.45 Td (Notes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.95 651.45 Td (\(Note 2.2.4\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 56.25 638.45 Td (Investing activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 625.45 Td (Decrease of restricted cash and short-term investments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.35 625.45 Td (2,825) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.35 625.45 Td (38,486) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 612.45 Td (Loans to related parties) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 299.70 612.45 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 402.35 612.45 Td (\(13,452) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.90 612.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.90 612.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 598.90 Td (Net funds withdrawn from the hydrology/wind power ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 65.25 589.90 Td (reserve) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.85 589.90 Td (392) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.85 589.90 Td (192) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 576.45 Td (Net funds \(invested into\) withdrawn from the major ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 65.25 567.45 Td (maintenance reserve) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.85 568.90 Td (\(465) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.90 568.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.85 568.90 Td (9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 555.45 Td (Additions to property, plant and equipment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 402.35 555.45 Td (\(51,811) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.90 555.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.35 555.45 Td (\(76,081) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.90 555.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 542.45 Td (Additions to intangible assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.85 542.45 Td (\(28) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.90 542.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.85 542.45 Td (\(335) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.90 542.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 529.45 Td (Additions to project development costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 402.35 529.45 Td (\(10,229) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.90 529.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.35 529.45 Td (\(1,936) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.90 529.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 515.90 Td (Investments in joint ventures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 407.35 515.90 Td (\(5,484) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.90 515.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.85 515.90 Td (\(100) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.90 515.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 501.90 Td (Addition to other long-term assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.85 501.90 Td (\(186) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.90 501.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.85 501.90 Td (\(171) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.90 501.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 488.45 Td (Proceeds from disposal of property, plant and equipment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.85 488.45 Td (56) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.85 488.45 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 402.35 475.45 Td (\(78,382) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.90 475.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.35 475.45 Td (\(39,929) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 551.90 475.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 461.90 Td (Ef) Tj ET Q q 0 0 0 rg BT 64.59 461.90 Td (fects of exchange rate changes on cash and cash ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 65.25 452.90 Td (equivalents) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.85 452.90 Td (31) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.85 452.90 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 439.45 Td (Net \(decrease\) increase in cash and cash equivalents) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 402.35 439.45 Td (\(13,432) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.90 439.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.35 439.45 Td (23,707) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.25 413.45 Td (Cash and cash equivalents, beginning of period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.35 413.45 Td (49,496) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.35 413.45 Td (34,863) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 56.25 400.45 Td (Cash and cash equivalents, end of period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.35 400.45 Td (36,064) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.35 400.45 Td (58,570) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 56.25 374.45 Td (Cash and cash equivalents is comprised of:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.25 361.45 Td (Cash) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.35 361.45 Td (29,408) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.35 361.45 Td (50,078) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.25 348.45 Td (Short-term investments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.35 348.45 Td (6,656) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.35 348.45 Td (8,492) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.35 335.45 Td (36,064) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.35 335.45 Td (58,570) Tj ET Q BT /F2 10.00 Tf ET BT /F5 9.00 Tf ET q 0 0 0 rg BT 54.00 310.40 Td (Additional information is presented in Note 13.) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 54.00 288.80 Td (The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.) Tj ET Q endstream endobj 95 0 obj <> endobj 96 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 109.27 748.70 Td (T) Tj ET Q q 0 0 0 rg BT 118.76 748.70 Td (O ) Tj ET Q q 0 0 0 rg BT 135.36 748.70 Td (THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 371.54 748.70 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 490.96 748.70 Td ( ) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 729.50 Td (ST) Tj ET Q q 0 0 0 rg BT 69.85 729.50 Td (A) Tj ET Q q 0 0 0 rg BT 79.34 729.50 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 717.50 Td (\(Unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 705.50 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 47) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 664.25 Td (DESCRIPTION ) Tj ET Q q 0.2 0 0.6 rg BT 137.23 664.25 Td (OF ) Tj ET Q q 0.2 0 0.6 rg BT 155.56 664.25 Td (BUSINESS) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 642.65 Td (Innergex ) Tj ET Q q 0 0 0 rg BT 98.33 642.65 Td (Renewable ) Tj ET Q q 0 0 0 rg BT 147.67 642.65 Td (Energy ) Tj ET Q q 0 0 0 rg BT 180.50 642.65 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 199.31 642.65 Td (\(the ) Tj ET Q q 0 0 0 rg BT 219.13 642.65 Td (Corporation\) ) Tj ET Q q 0 0 0 rg BT 279.45 642.65 Td (was ) Tj ET Q q 0 0 0 rg BT 299.77 642.65 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 354.11 642.65 Td (under ) Tj ET Q q 0 0 0 rg BT 381.44 642.65 Td (the ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 398.26 642.65 Td (Canada ) Tj ET Q q 0 0 0 rg BT 434.09 642.65 Td (Business ) Tj ET Q q 0 0 0 rg BT 474.92 642.65 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 525.68 642.65 Td (Act) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.68 642.65 Td ( ) Tj ET Q q 0 0 0 rg BT 542.99 642.65 Td (on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 631.85 Td (October25, ) Tj ET Q q 0 0 0 rg BT 108.91 631.85 Td (2002. ) Tj ET Q q 0 0 0 rg BT 134.13 631.85 Td (The ) Tj ET Q q 0 0 0 rg BT 152.53 631.85 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 202.44 631.85 Td (is ) Tj ET Q q 0 0 0 rg BT 211.83 631.85 Td (a ) Tj ET Q q 0 0 0 rg BT 219.72 631.85 Td (developer) Tj ET Q q 0 0 0 rg BT 258.75 631.85 Td (, ) Tj ET Q q 0 0 0 rg BT 264.14 631.85 Td (owner ) Tj ET Q q 0 0 0 rg BT 291.53 631.85 Td (and ) Tj ET Q q 0 0 0 rg BT 309.44 631.85 Td (operator ) Tj ET Q q 0 0 0 rg BT 345.84 631.85 Td (of ) Tj ET Q q 0 0 0 rg BT 356.24 631.85 Td (renewable ) Tj ET Q q 0 0 0 rg BT 400.65 631.85 Td (power-generating ) Tj ET Q q 0 0 0 rg BT 473.58 631.85 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 510.98 631.85 Td (essentially ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 621.05 Td (focused ) Tj ET Q q 0 0 0 rg BT 92.73 621.05 Td (on ) Tj ET Q q 0 0 0 rg BT 104.96 621.05 Td (the ) Tj ET Q q 0 0 0 rg BT 119.68 621.05 Td (hydroelectric, ) Tj ET Q q 0 0 0 rg BT 175.41 621.05 Td (wind ) Tj ET Q q 0 0 0 rg BT 196.14 621.05 Td (power ) Tj ET Q q 0 0 0 rg BT 222.86 621.05 Td (and ) Tj ET Q q 0 0 0 rg BT 240.09 621.05 Td (solar ) Tj ET Q q 0 0 0 rg BT 261.81 621.05 Td (photovoltaic ) Tj ET Q q 0 0 0 rg BT 312.05 621.05 Td (sectors. ) Tj ET Q q 0 0 0 rg BT 345.63 621.05 Td (The ) Tj ET Q q 0 0 0 rg BT 363.35 621.05 Td (head ) Tj ET Q q 0 0 0 rg BT 385.59 621.05 Td (of) Tj ET Q q 0 0 0 rg BT 392.93 621.05 Td (fice ) Tj ET Q q 0 0 0 rg BT 409.15 621.05 Td (of ) Tj ET Q q 0 0 0 rg BT 418.87 621.05 Td (the ) Tj ET Q q 0 0 0 rg BT 433.59 621.05 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 482.83 621.05 Td (is ) Tj ET Q q 0 0 0 rg BT 491.54 621.05 Td (located ) Tj ET Q q 0 0 0 rg BT 522.77 621.05 Td (at ) Tj ET Q q 0 0 0 rg BT 532.49 621.05 Td (1) Tj ET Q q 0 0 0 rg BT 536.83 621.05 Td (1) Tj ET Q q 0 0 0 rg BT 541.17 621.05 Td (1) Tj ET Q q 0 0 0 rg BT 545.50 621.05 Td (1, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 610.25 Td (St-Charles ) Tj ET Q q 0 0 0 rg BT 104.01 610.25 Td (Street ) Tj ET Q q 0 0 0 rg BT 130.53 610.25 Td (W) Tj ET Q q 0 0 0 rg BT 138.86 610.25 Td (est, ) Tj ET Q q 0 0 0 rg BT 155.86 610.25 Td (East ) Tj ET Q q 0 0 0 rg BT 176.21 610.25 Td (T) Tj ET Q q 0 0 0 rg BT 180.71 610.25 Td (ower) Tj ET Q q 0 0 0 rg BT 199.72 610.25 Td (, ) Tj ET Q q 0 0 0 rg BT 204.72 610.25 Td (Suite ) Tj ET Q q 0 0 0 rg BT 227.74 610.25 Td (1255, ) Tj ET Q q 0 0 0 rg BT 252.76 610.25 Td (Longueuil, ) Tj ET Q q 0 0 0 rg BT 296.80 610.25 Td (Qc, ) Tj ET Q q 0 0 0 rg BT 313.30 610.25 Td (J4K ) Tj ET Q q 0 0 0 rg BT 331.31 610.25 Td (5G4, ) Tj ET Q q 0 0 0 rg BT 353.32 610.25 Td (Canada.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 588.65 Td (These ) Tj ET Q q 0 0 0 rg BT 86.51 588.65 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 128.55 588.65 Td (condensed ) Tj ET Q q 0 0 0 rg BT 175.09 588.65 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 228.13 588.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 263.65 588.65 Td (statements ) Tj ET Q q 0 0 0 rg BT 310.17 588.65 Td (were ) Tj ET Q q 0 0 0 rg BT 332.18 588.65 Td (approved ) Tj ET Q q 0 0 0 rg BT 372.21 588.65 Td (by ) Tj ET Q q 0 0 0 rg BT 384.21 588.65 Td (the ) Tj ET Q q 0 0 0 rg BT 399.22 588.65 Td (Board ) Tj ET Q q 0 0 0 rg BT 425.74 588.65 Td (of ) Tj ET Q q 0 0 0 rg BT 435.75 588.65 Td (Directors ) Tj ET Q q 0 0 0 rg BT 474.25 588.65 Td (on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.27 588.65 Td (August8, ) Tj ET Q q 0 0 0 rg BT 526.79 588.65 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.81 588.65 Td (.) 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Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 523.00 Td (1. ) Tj ET Q BT /F4 11.00 Tf ET q 0.2 0 0.6 rg BT 77.00 523.00 Td (BASIS ) Tj ET Q q 0.2 0 0.6 rg BT 113.67 523.00 Td (OF ) Tj ET Q q 0.2 0 0.6 rg BT 132.01 523.00 Td (PRESENT) Tj ET Q q 0.2 0 0.6 rg BT 183.14 523.00 Td (A) Tj ET Q q 0.2 0 0.6 rg BT 190.27 523.00 Td (TION ) Tj ET Q q 0.2 0 0.6 rg BT 219.19 523.00 Td (AND ) Tj ET Q q 0.2 0 0.6 rg BT 246.08 523.00 Td (ST) Tj ET Q q 0.2 0 0.6 rg BT 259.32 523.00 Td (A) Tj ET Q q 0.2 0 0.6 rg BT 266.45 523.00 Td (TEMENT ) Tj ET Q q 0.2 0 0.6 rg BT 314.72 523.00 Td (OF ) Tj ET Q q 0.2 0 0.6 rg BT 333.06 523.00 Td (COMPLIANCE) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 77.00 501.40 Td (These ) Tj ET Q q 0 0 0 rg BT 106.37 501.40 Td (condensed ) Tj ET Q q 0 0 0 rg BT 154.75 501.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 209.64 501.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 247.02 501.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 295.39 501.40 Td (have ) Tj ET Q q 0 0 0 rg BT 319.25 501.40 Td (been ) Tj ET Q q 0 0 0 rg BT 343.63 501.40 Td (prepared ) Tj ET Q q 0 0 0 rg BT 384.01 501.40 Td (using ) Tj ET Q q 0 0 0 rg BT 409.87 501.40 Td (accounting ) Tj ET Q q 0 0 0 rg BT 457.76 501.40 Td (policies ) Tj ET Q q 0 0 0 rg BT 492.12 501.40 Td (consistent ) Tj ET Q q 0 0 0 rg BT 537.00 501.40 Td (with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 490.60 Td (International ) Tj ET Q q 0 0 0 rg BT 128.44 490.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 166.36 490.60 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 207.29 490.60 Td (Standards ) Tj ET Q q 0 0 0 rg BT 250.23 490.60 Td (\(IFRS\). ) Tj ET Q q 0 0 0 rg BT 287.00 490.60 Td (The ) Tj ET Q q 0 0 0 rg BT 304.41 490.60 Td (condensed ) Tj ET Q q 0 0 0 rg BT 350.35 490.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 402.80 490.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 437.72 490.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 483.65 490.60 Td (are ) Tj ET Q q 0 0 0 rg BT 498.56 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0 rg BT 125.86 469.00 Td (s ) Tj ET Q q 0 0 0 rg BT 132.86 469.00 Td (latest ) Tj ET Q q 0 0 0 rg BT 156.86 469.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 186.38 469.00 Td (report ) Tj ET Q q 0 0 0 rg BT 212.38 469.00 Td (have ) Tj ET Q q 0 0 0 rg BT 234.39 469.00 Td (been ) Tj ET Q q 0 0 0 rg BT 256.91 469.00 Td (used ) Tj ET Q q 0 0 0 rg BT 278.92 469.00 Td (except ) Tj ET Q q 0 0 0 rg BT 307.93 469.00 Td (for ) Tj ET Q q 0 0 0 rg BT 320.92 469.00 Td (the ) Tj ET Q q 0 0 0 rg BT 335.93 469.00 Td (adoption ) Tj ET Q q 0 0 0 rg BT 372.95 469.00 Td (of ) Tj ET Q q 0 0 0 rg BT 382.95 469.00 Td (the ) Tj ET Q q 0 0 0 rg BT 397.96 469.00 Td (new ) Tj ET Q q 0 0 0 rg BT 416.96 469.00 Td (IFRS. ) Tj ET Q q 0 0 0 rg BT 444.45 469.00 Td (However) Tj ET Q q 0 0 0 rg BT 479.47 469.00 Td (, ) Tj ET Q q 0 0 0 rg BT 484.46 469.00 Td (these ) Tj ET Q q 0 0 0 rg BT 508.97 469.00 Td (condensed ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 458.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 130.06 458.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 165.61 458.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 212.15 458.20 Td (do ) Tj ET Q q 0 0 0 rg BT 224.69 458.20 Td (not ) Tj ET Q q 0 0 0 rg BT 239.72 458.20 Td (include ) Tj ET Q q 0 0 0 rg BT 270.77 458.20 Td (all ) Tj ET Q q 0 0 0 rg BT 282.30 458.20 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 329.84 458.20 Td (required ) Tj ET Q q 0 0 0 rg BT 365.39 458.20 Td (under ) Tj ET Q q 0 0 0 rg BT 390.93 458.20 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 413.96 458.20 Td (and, ) Tj ET Q q 0 0 0 rg BT 434.00 458.20 Td (accordingly) Tj ET Q q 0 0 0 rg BT 478.85 458.20 Td (, ) Tj ET Q q 0 0 0 rg BT 483.88 458.20 Td (should ) Tj ET Q q 0 0 0 rg BT 512.92 458.20 Td (be ) Tj ET Q q 0 0 0 rg BT 525.46 458.20 Td (read ) Tj ET Q q 0 0 0 rg BT 546.00 458.20 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 447.40 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 125.16 447.40 Td (with ) Tj ET Q q 0 0 0 rg BT 143.79 447.40 Td (the ) Tj ET Q q 0 0 0 rg BT 158.92 447.40 Td (audited ) Tj ET Q q 0 0 0 rg BT 191.07 447.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 244.24 447.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 279.88 447.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 326.53 447.40 Td (and ) Tj ET Q q 0 0 0 rg BT 344.17 447.40 Td (the ) Tj ET Q q 0 0 0 rg BT 359.30 447.40 Td (notes ) Tj ET Q q 0 0 0 rg BT 383.95 447.40 Td (thereto ) Tj ET Q q 0 0 0 rg BT 414.59 447.40 Td (included ) Tj ET Q q 0 0 0 rg BT 450.74 447.40 Td (in ) Tj ET Q q 0 0 0 rg BT 460.37 447.40 Td (the ) Tj ET Q q 0 0 0 rg BT 475.51 447.40 Td (Corporation) Tj ET Q q 0 0 0 rg BT 524.37 447.40 Td (s ) Tj ET Q q 0 0 0 rg BT 531.50 447.40 Td (latest ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 436.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 106.53 436.60 Td (report.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 415.00 Td (The ) Tj ET Q q 0 0 0 rg BT 94.12 415.00 Td (condensed ) Tj ET Q q 0 0 0 rg BT 139.76 415.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 191.91 415.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 226.54 415.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 272.16 415.00 Td (have ) Tj ET Q q 0 0 0 rg BT 293.29 415.00 Td (been ) Tj ET Q q 0 0 0 rg BT 314.92 415.00 Td (prepared ) Tj ET Q q 0 0 0 rg BT 352.55 415.00 Td (on ) Tj ET Q q 0 0 0 rg BT 364.17 415.00 Td (a ) Tj ET Q q 0 0 0 rg BT 370.78 415.00 Td (historical ) Tj ET Q q 0 0 0 rg BT 407.90 415.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 426.02 415.00 Td (basis, ) Tj ET Q q 0 0 0 rg BT 451.14 415.00 Td (except ) Tj ET Q q 0 0 0 rg BT 479.26 415.00 Td (for ) Tj ET Q q 0 0 0 rg BT 491.37 415.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 519.99 415.00 Td (financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 404.20 Td (instruments ) Tj ET Q q 0 0 0 rg BT 124.81 404.20 Td (that ) Tj ET Q q 0 0 0 rg BT 141.12 404.20 Td (are ) Tj ET Q q 0 0 0 rg BT 155.42 404.20 Td (measured ) Tj ET Q q 0 0 0 rg BT 196.74 404.20 Td (at ) Tj ET Q q 0 0 0 rg BT 205.54 404.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 219.34 404.20 Td (values ) Tj ET Q q 0 0 0 rg BT 246.65 404.20 Td (as ) Tj ET Q q 0 0 0 rg BT 257.45 404.20 Td (described ) Tj ET Q q 0 0 0 rg BT 297.77 404.20 Td (in ) Tj ET Q q 0 0 0 rg BT 306.07 404.20 Td (the ) Tj ET Q q 0 0 0 rg BT 319.88 404.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 361.19 404.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 406.02 404.20 Td (policies ) Tj ET Q q 0 0 0 rg BT 437.33 404.20 Td (described ) Tj ET Q q 0 0 0 rg BT 477.65 404.20 Td (in ) Tj ET Q q 0 0 0 rg BT 485.95 404.20 Td (the ) Tj ET Q q 0 0 0 rg BT 499.75 404.20 Td (Corporation's ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 393.40 Td (latest ) Tj ET Q q 0 0 0 rg BT 101.01 393.40 Td (annual ) Tj ET Q q 0 0 0 rg BT 130.54 393.40 Td (report. ) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 361.00 Td (2. ) Tj ET Q BT /F4 11.00 Tf ET q 0.2 0 0.6 rg BT 77.00 361.00 Td (APPLICA) Tj ET Q q 0.2 0 0.6 rg BT 124.46 361.00 Td (TION ) Tj ET Q q 0.2 0 0.6 rg BT 153.80 361.00 Td (OF ) Tj ET Q q 0.2 0 0.6 rg BT 172.13 361.00 Td (NEW ) Tj ET Q q 0.2 0 0.6 rg BT 200.44 361.00 Td (AND ) Tj ET Q q 0.2 0 0.6 rg BT 227.33 361.00 Td (REVISED ) Tj ET Q q 0.2 0 0.6 rg BT 278.67 361.00 Td (IFRS) Tj ET Q BT /F4 10.00 Tf ET q 0.2 0 0.6 rg BT 77.00 337.00 Td (2.1 ) Tj ET Q q 0.2 0 0.6 rg BT 93.98 337.00 Td ( ) Tj ET Q q 0.2 0 0.6 rg BT 97.06 337.00 Td (New ) Tj ET Q q 0.2 0 0.6 rg BT 120.71 337.00 Td (and ) Tj ET Q q 0.2 0 0.6 rg BT 141.57 337.00 Td (revised ) Tj ET Q q 0.2 0 0.6 rg BT 179.67 337.00 Td (IFRSs ) Tj ET Q q 0.2 0 0.6 rg BT 211.09 337.00 Td (affecting ) Tj ET Q q 0.2 0 0.6 rg BT 255.84 337.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 273.92 337.00 Td (reported ) Tj ET Q q 0.2 0 0.6 rg BT 317.57 337.00 Td (financial ) Tj ET Q q 0.2 0 0.6 rg BT 361.21 337.00 Td (performance ) Tj ET Q q 0.2 0 0.6 rg BT 424.87 337.00 Td (and/or ) Tj ET Q q 0.2 0 0.6 rg BT 458.51 337.00 Td (financial ) Tj ET Q q 0.2 0 0.6 rg BT 502.16 337.00 Td (position ) Tj ET Q q 0.2 0 0.6 rg BT 544.12 337.00 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0.2 0 0.6 rg BT 95.00 325.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 112.78 325.00 Td (current ) Tj ET Q q 0.2 0 0.6 rg BT 150.01 325.00 Td (period ) Tj ET Q q 0.2 0 0.6 rg BT 183.34 325.00 Td (and/or ) Tj ET Q q 0.2 0 0.6 rg BT 216.68 325.00 Td (prior ) Tj ET Q q 0.2 0 0.6 rg BT 242.24 325.00 Td (period) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 95.00 303.40 Td (Application ) Tj ET Q q 0 0 0 rg BT 146.20 303.40 Td (of ) Tj ET Q q 0 0 0 rg BT 156.89 303.40 Td (new ) Tj ET Q q 0 0 0 rg BT 176.60 303.40 Td (and ) Tj ET Q q 0 0 0 rg BT 194.80 303.40 Td (revised ) Tj ET Q q 0 0 0 rg BT 228.52 303.40 Td (Standards ) Tj ET Q q 0 0 0 rg BT 274.73 303.40 Td (on ) Tj ET Q q 0 0 0 rg BT 287.93 303.40 Td (consolidation, ) Tj ET Q q 0 0 0 rg BT 351.13 303.40 Td (joint ) Tj ET Q q 0 0 0 rg BT 372.32 303.40 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 436.55 303.40 Td (associates ) Tj ET Q q 0 0 0 rg BT 484.78 303.40 Td (and ) Tj ET Q q 0 0 0 rg BT 502.98 303.40 Td (disclosures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 281.80 Td (In ) Tj ET Q q 0 0 0 rg BT 105.83 281.80 Td (May ) Tj ET Q q 0 0 0 rg BT 126.16 281.80 Td (201) Tj ET Q q 0 0 0 rg BT 140.51 281.80 Td (1, ) Tj ET Q q 0 0 0 rg BT 151.35 281.80 Td (a ) Tj ET Q q 0 0 0 rg BT 159.68 281.80 Td (package ) Tj ET Q q 0 0 0 rg BT 197.04 281.80 Td (of ) Tj ET Q q 0 0 0 rg BT 207.87 281.80 Td (five ) Tj ET Q q 0 0 0 rg BT 225.20 281.80 Td (standards ) Tj ET Q q 0 0 0 rg BT 268.06 281.80 Td (on ) Tj ET Q q 0 0 0 rg BT 281.39 281.80 Td (consolidation, ) Tj ET Q q 0 0 0 rg BT 339.76 281.80 Td (joint ) Tj ET Q q 0 0 0 rg BT 359.60 281.80 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 420.96 281.80 Td (associates ) Tj ET Q q 0 0 0 rg BT 466.81 281.80 Td (and ) Tj ET Q q 0 0 0 rg BT 485.15 281.80 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 533.50 281.80 Td (were ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 271.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 123.68 271.00 Td (including ) Tj ET Q q 0 0 0 rg BT 161.87 271.00 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 185.04 271.00 Td (10 ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 197.71 271.00 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 252.92 271.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 291.60 271.00 Td (Statements) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 337.12 271.00 Td (, ) Tj ET Q q 0 0 0 rg BT 342.29 271.00 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 365.45 271.00 Td (1) Tj ET Q q 0 0 0 rg BT 369.79 271.00 Td (1 ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 377.46 271.00 Td (Joint ) Tj ET Q q 0 0 0 rg BT 398.78 271.00 Td (Arrangements) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.31 271.00 Td (, ) Tj ET Q q 0 0 0 rg BT 460.48 271.00 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 483.64 271.00 Td (12 ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 496.32 271.00 Td (Disclosures ) Tj ET Q q 0 0 0 rg BT 545.50 271.00 Td (of ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 95.00 260.20 Td (Interest ) Tj ET Q q 0 0 0 rg BT 127.26 260.20 Td (in ) Tj ET Q q 0 0 0 rg BT 136.50 260.20 Td (Other ) Tj ET Q q 0 0 0 rg BT 161.26 260.20 Td (Entities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 190.77 260.20 Td (, ) Tj ET Q q 0 0 0 rg BT 195.51 260.20 Td (IAS ) Tj ET Q q 0 0 0 rg BT 212.26 260.20 Td (27 ) Tj ET Q q 0 0 0 rg BT 224.52 260.20 Td (\(as ) Tj ET Q q 0 0 0 rg BT 239.26 260.20 Td (revised ) Tj ET Q q 0 0 0 rg BT 270.52 260.20 Td (in ) Tj ET Q q 0 0 0 rg BT 279.76 260.20 Td (201) Tj ET Q q 0 0 0 rg BT 294.11 260.20 Td (1\) ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 304.36 260.20 Td (Separate ) Tj ET Q q 0 0 0 rg BT 343.13 260.20 Td (Financial ) Tj ET Q q 0 0 0 rg BT 381.39 260.20 Td (Statements ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.15 260.20 Td (and ) Tj ET Q q 0 0 0 rg BT 446.41 260.20 Td (IAS ) Tj ET Q q 0 0 0 rg BT 463.16 260.20 Td (28 ) Tj ET Q q 0 0 0 rg BT 475.41 260.20 Td (\(as ) Tj ET Q q 0 0 0 rg BT 490.16 260.20 Td (revised ) Tj ET Q q 0 0 0 rg BT 521.41 260.20 Td (in ) Tj ET Q q 0 0 0 rg BT 530.66 260.20 Td (201) Tj ET Q q 0 0 0 rg BT 545.01 260.20 Td (1\) ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 95.00 249.40 Td (Investments ) Tj ET Q q 0 0 0 rg BT 146.02 249.40 Td (in ) Tj ET Q q 0 0 0 rg BT 155.19 249.40 Td (Associates ) Tj ET Q q 0 0 0 rg BT 201.21 249.40 Td (and ) Tj ET Q q 0 0 0 rg BT 218.73 249.40 Td (Joint ) Tj ET Q q 0 0 0 rg BT 240.24 249.40 Td (V) Tj ET Q q 0 0 0 rg BT 245.91 249.40 Td (entures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 275.93 249.40 Td (. ) Tj ET Q q 0 0 0 rg BT 280.93 249.40 Td (In ) Tj ET Q q 0 0 0 rg BT 290.93 249.40 Td (the ) Tj ET Q q 0 0 0 rg BT 305.95 249.40 Td (current ) Tj ET Q q 0 0 0 rg BT 336.46 249.40 Td (period, ) Tj ET Q q 0 0 0 rg BT 366.48 249.40 Td (the ) Tj ET Q q 0 0 0 rg BT 381.49 249.40 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 431.01 249.40 Td (has ) Tj ET Q q 0 0 0 rg BT 448.03 249.40 Td (adopted ) Tj ET Q q 0 0 0 rg BT 483.06 249.40 Td (these ) Tj ET Q q 0 0 0 rg BT 507.58 249.40 Td (standards.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 227.80 Td (The ) Tj ET Q q 0 0 0 rg BT 113.01 227.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 142.02 227.80 Td (of ) Tj ET Q q 0 0 0 rg BT 152.02 227.80 Td (the ) Tj ET Q q 0 0 0 rg BT 167.04 227.80 Td (application ) Tj ET Q q 0 0 0 rg BT 212.57 227.80 Td (of ) Tj ET Q q 0 0 0 rg BT 222.57 227.80 Td (these ) Tj ET Q q 0 0 0 rg BT 247.09 227.80 Td (standards ) Tj ET Q q 0 0 0 rg BT 289.12 227.80 Td (is ) Tj ET Q q 0 0 0 rg BT 298.12 227.80 Td (set ) Tj ET Q q 0 0 0 rg BT 312.62 227.80 Td (out ) Tj ET Q q 0 0 0 rg BT 327.63 227.80 Td (below:) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 95.00 206.20 Td (Impact ) Tj ET Q q 0 0 0 rg BT 126.51 206.20 Td (of ) Tj ET Q q 0 0 0 rg BT 137.50 206.20 Td (the ) Tj ET Q q 0 0 0 rg BT 153.50 206.20 Td (application ) Tj ET Q q 0 0 0 rg BT 203.51 206.20 Td (of ) Tj ET Q q 0 0 0 rg BT 214.50 206.20 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 237.51 206.20 Td (10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 184.60 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 117.48 184.60 Td (10 ) Tj ET Q q 0 0 0 rg BT 129.48 184.60 Td (replaces ) Tj ET Q q 0 0 0 rg BT 165.48 184.60 Td (the ) Tj ET Q q 0 0 0 rg BT 179.98 184.60 Td (sections ) Tj ET Q q 0 0 0 rg BT 214.98 184.60 Td (of ) Tj ET Q q 0 0 0 rg BT 224.47 184.60 Td (IAS ) Tj ET Q q 0 0 0 rg BT 240.96 184.60 Td (27 ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 252.95 184.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 307.47 184.60 Td (and ) Tj ET Q q 0 0 0 rg BT 324.47 184.60 Td (Separate ) Tj ET Q q 0 0 0 rg BT 362.98 184.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 400.98 184.60 Td (Statements) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.51 184.60 Td ( ) Tj ET Q q 0 0 0 rg BT 448.49 184.60 Td (that ) Tj ET Q q 0 0 0 rg BT 465.49 184.60 Td (deal ) Tj ET Q q 0 0 0 rg BT 484.49 184.60 Td (with ) Tj ET Q q 0 0 0 rg BT 502.47 184.60 Td (consolidated ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 173.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 130.72 173.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 177.44 173.80 Td (and ) Tj ET Q q 0 0 0 rg BT 195.15 173.80 Td (SIC-12 ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 225.86 173.80 Td (Consolidation- ) Tj ET Q q 0 0 0 rg BT 286.09 173.80 Td (Special ) Tj ET Q q 0 0 0 rg BT 318.30 173.80 Td (Purpose ) Tj ET Q q 0 0 0 rg BT 354.52 173.80 Td (Entities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 384.03 173.80 Td (. ) Tj ET Q q 0 0 0 rg BT 389.23 173.80 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 412.43 173.80 Td (10 ) Tj ET Q q 0 0 0 rg BT 425.14 173.80 Td (changes ) Tj ET Q q 0 0 0 rg BT 461.86 173.80 Td (the ) Tj ET Q q 0 0 0 rg BT 477.07 173.80 Td (definition ) Tj ET Q q 0 0 0 rg BT 515.79 173.80 Td (of ) Tj ET Q q 0 0 0 rg BT 526.00 173.80 Td (control ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 163.00 Td (such ) Tj ET Q q 0 0 0 rg BT 116.61 163.00 Td (that ) Tj ET Q q 0 0 0 rg BT 134.21 163.00 Td (an ) Tj ET Q q 0 0 0 rg BT 146.82 163.00 Td (investor ) Tj ET Q q 0 0 0 rg BT 180.93 163.00 Td (controls ) Tj ET Q q 0 0 0 rg BT 215.03 163.00 Td (an ) Tj ET Q q 0 0 0 rg BT 227.64 163.00 Td (investee ) Tj ET Q q 0 0 0 rg BT 263.75 163.00 Td (when ) Tj ET Q q 0 0 0 rg BT 287.87 163.00 Td (it ) Tj ET Q q 0 0 0 rg BT 294.96 163.00 Td (is ) Tj ET Q q 0 0 0 rg BT 304.05 163.00 Td (exposed, ) Tj ET Q q 0 0 0 rg BT 343.18 163.00 Td (or ) Tj ET Q q 0 0 0 rg BT 353.77 163.00 Td (has ) Tj ET Q q 0 0 0 rg BT 370.88 163.00 Td (rights, ) Tj ET Q q 0 0 0 rg BT 397.98 163.00 Td (to ) Tj ET Q q 0 0 0 rg BT 408.08 163.00 Td (variable ) Tj ET Q q 0 0 0 rg BT 442.19 163.00 Td (returns ) Tj ET Q q 0 0 0 rg BT 472.80 163.00 Td (from ) Tj ET Q q 0 0 0 rg BT 493.40 163.00 Td (its ) Tj ET Q q 0 0 0 rg BT 504.99 163.00 Td (involvement ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 152.20 Td (with ) Tj ET Q q 0 0 0 rg BT 113.18 152.20 Td (the ) Tj ET Q q 0 0 0 rg BT 127.87 152.20 Td (investee ) Tj ET Q q 0 0 0 rg BT 163.57 152.20 Td (and ) Tj ET Q q 0 0 0 rg BT 180.77 152.20 Td (has ) Tj ET Q q 0 0 0 rg BT 197.46 152.20 Td (the ) Tj ET Q q 0 0 0 rg BT 212.15 152.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 237.33 152.20 Td (to ) Tj ET Q q 0 0 0 rg BT 247.02 152.20 Td (af) Tj ET Q q 0 0 0 rg BT 254.36 152.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 271.04 152.20 Td (those ) Tj ET Q q 0 0 0 rg BT 295.24 152.20 Td (returns ) Tj ET Q q 0 0 0 rg BT 325.43 152.20 Td (through ) Tj ET Q q 0 0 0 rg BT 358.13 152.20 Td (its ) Tj ET Q q 0 0 0 rg BT 369.31 152.20 Td (power ) Tj ET Q q 0 0 0 rg BT 396.00 152.20 Td (over ) Tj ET Q q 0 0 0 rg BT 415.69 152.20 Td (the ) Tj ET Q q 0 0 0 rg BT 430.38 152.20 Td (investee. ) Tj ET Q q 0 0 0 rg BT 468.43 152.20 Td (T) Tj ET Q q 0 0 0 rg BT 472.93 152.20 Td (o ) Tj ET Q q 0 0 0 rg BT 480.12 152.20 Td (meet ) Tj ET Q q 0 0 0 rg BT 502.30 152.20 Td (the ) Tj ET Q q 0 0 0 rg BT 516.99 152.20 Td (definition ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 141.40 Td (of ) Tj ET Q q 0 0 0 rg BT 105.31 141.40 Td (control ) Tj ET Q q 0 0 0 rg BT 135.12 141.40 Td (in ) Tj ET Q q 0 0 0 rg BT 144.92 141.40 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 168.22 141.40 Td (10, ) Tj ET Q q 0 0 0 rg BT 183.53 141.40 Td (all ) Tj ET Q q 0 0 0 rg BT 195.34 141.40 Td (of ) Tj ET Q q 0 0 0 rg BT 205.64 141.40 Td (the ) Tj ET Q q 0 0 0 rg BT 220.96 141.40 Td (three ) Tj ET Q q 0 0 0 rg BT 244.27 141.40 Td (criteria, ) Tj ET Q q 0 0 0 rg BT 276.57 141.40 Td (including ) Tj ET Q q 0 0 0 rg BT 314.90 141.40 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 328.70 141.40 Td (an ) Tj ET Q q 0 0 0 rg BT 341.51 141.40 Td (investor ) Tj ET Q q 0 0 0 rg BT 375.82 141.40 Td (has ) Tj ET Q q 0 0 0 rg BT 393.13 141.40 Td (power ) Tj ET Q q 0 0 0 rg BT 420.44 141.40 Td (over ) Tj ET Q q 0 0 0 rg BT 440.75 141.40 Td (an ) Tj ET Q q 0 0 0 rg BT 453.56 141.40 Td (investee, ) Tj ET Q q 0 0 0 rg BT 492.38 141.40 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 506.18 141.40 Td (the ) Tj ET Q q 0 0 0 rg BT 521.50 141.40 Td (investor ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 130.60 Td (has ) Tj ET Q q 0 0 0 rg BT 111.90 130.60 Td (exposure, ) Tj ET Q q 0 0 0 rg BT 153.80 130.60 Td (or ) Tj ET Q q 0 0 0 rg BT 164.19 130.60 Td (rights, ) Tj ET Q q 0 0 0 rg BT 191.08 130.60 Td (to ) Tj ET Q q 0 0 0 rg BT 200.97 130.60 Td (variable ) Tj ET Q q 0 0 0 rg BT 234.88 130.60 Td (returns ) Tj ET Q q 0 0 0 rg BT 265.27 130.60 Td (from ) Tj ET Q q 0 0 0 rg BT 285.65 130.60 Td (its ) Tj ET Q q 0 0 0 rg BT 297.04 130.60 Td (involvement ) Tj ET Q q 0 0 0 rg BT 347.45 130.60 Td (with ) Tj ET Q q 0 0 0 rg BT 365.84 130.60 Td (the ) Tj ET Q q 0 0 0 rg BT 380.73 130.60 Td (investee, ) Tj ET Q q 0 0 0 rg BT 419.14 130.60 Td (and ) Tj ET Q q 0 0 0 rg BT 436.54 130.60 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 449.42 130.60 Td (the ) Tj ET Q q 0 0 0 rg BT 464.31 130.60 Td (investor ) Tj ET Q q 0 0 0 rg BT 498.21 130.60 Td (has ) Tj ET Q q 0 0 0 rg BT 515.10 130.60 Td (the ) Tj ET Q q 0 0 0 rg BT 530.00 130.60 Td (ability ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 119.80 Td (to ) Tj ET Q q 0 0 0 rg BT 104.78 119.80 Td (use ) Tj ET Q q 0 0 0 rg BT 121.56 119.80 Td (its ) Tj ET Q q 0 0 0 rg BT 132.83 119.80 Td (power ) Tj ET Q q 0 0 0 rg BT 159.61 119.80 Td (over ) Tj ET Q q 0 0 0 rg BT 179.39 119.80 Td (the ) Tj ET Q q 0 0 0 rg BT 194.17 119.80 Td (investee ) Tj ET Q q 0 0 0 rg BT 229.97 119.80 Td (to ) Tj ET Q q 0 0 0 rg BT 239.74 119.80 Td (af) Tj ET Q q 0 0 0 rg BT 247.09 119.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 263.86 119.80 Td (the ) Tj ET Q q 0 0 0 rg BT 278.65 119.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 310.94 119.80 Td (of ) Tj ET Q q 0 0 0 rg BT 320.71 119.80 Td (the ) Tj ET Q q 0 0 0 rg BT 335.50 119.80 Td (investor's ) Tj ET Q q 0 0 0 rg BT 375.50 119.80 Td (returns, ) Tj ET Q q 0 0 0 rg BT 408.28 119.80 Td (must ) Tj ET Q q 0 0 0 rg BT 430.05 119.80 Td (be ) Tj ET Q q 0 0 0 rg BT 442.34 119.80 Td (met. ) Tj ET Q q 0 0 0 rg BT 462.11 119.80 Td (Previously) Tj ET Q q 0 0 0 rg BT 502.96 119.80 Td (, ) Tj ET Q q 0 0 0 rg BT 507.73 119.80 Td (control ) Tj ET Q q 0 0 0 rg BT 537.01 119.80 Td (was ) Tj ET Q q 0 0 0 rg BT 555.52 119.80 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 109.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 126.11 109.00 Td (as ) Tj ET Q q 0 0 0 rg BT 137.20 109.00 Td (the ) Tj ET Q q 0 0 0 rg BT 151.29 109.00 Td (power ) Tj ET Q q 0 0 0 rg BT 177.39 109.00 Td (to ) Tj ET Q q 0 0 0 rg BT 186.47 109.00 Td (govern ) Tj ET Q q 0 0 0 rg BT 215.58 109.00 Td (the ) Tj ET Q q 0 0 0 rg BT 229.67 109.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 264.27 109.00 Td (and ) Tj ET Q q 0 0 0 rg BT 280.87 109.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 319.98 109.00 Td (policies ) Tj ET Q q 0 0 0 rg BT 351.58 109.00 Td (of ) Tj ET Q q 0 0 0 rg BT 360.67 109.00 Td (an ) Tj ET Q q 0 0 0 rg BT 372.26 109.00 Td (entity ) Tj ET Q q 0 0 0 rg BT 395.36 109.00 Td (so ) Tj ET Q q 0 0 0 rg BT 406.44 109.00 Td (as ) Tj ET Q q 0 0 0 rg BT 417.53 109.00 Td (to ) Tj ET Q q 0 0 0 rg BT 426.62 109.00 Td (obtain ) Tj ET Q q 0 0 0 rg BT 452.72 109.00 Td (benefits ) Tj ET Q q 0 0 0 rg BT 485.83 109.00 Td (form ) Tj ET Q q 0 0 0 rg BT 505.41 109.00 Td (its ) Tj ET Q q 0 0 0 rg BT 515.99 109.00 Td (activities. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 98.20 Td (Much ) Tj ET Q q 0 0 0 rg BT 120.26 98.20 Td (more ) Tj ET Q q 0 0 0 rg BT 144.01 98.20 Td (guidance ) Tj ET Q q 0 0 0 rg BT 183.79 98.20 Td (has ) Tj ET Q q 0 0 0 rg BT 201.56 98.20 Td (been ) Tj ET Q q 0 0 0 rg BT 224.83 98.20 Td (included ) Tj ET Q q 0 0 0 rg BT 261.60 98.20 Td (in ) Tj ET Q q 0 0 0 rg BT 271.86 98.20 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 295.61 98.20 Td (10 ) Tj ET Q q 0 0 0 rg BT 308.87 98.20 Td (to ) Tj ET Q q 0 0 0 rg BT 319.62 98.20 Td (explain ) Tj ET Q q 0 0 0 rg BT 351.40 98.20 Td (when ) Tj ET Q q 0 0 0 rg BT 376.16 98.20 Td (an ) Tj ET Q q 0 0 0 rg BT 389.42 98.20 Td (investor ) Tj ET Q q 0 0 0 rg BT 424.18 98.20 Td (has ) Tj ET Q q 0 0 0 rg BT 441.95 98.20 Td (control ) Tj ET Q q 0 0 0 rg BT 472.21 98.20 Td (over ) Tj ET Q q 0 0 0 rg BT 492.97 98.20 Td (an ) Tj ET Q q 0 0 0 rg BT 506.23 98.20 Td (investee. ) Tj ET Q q 0 0 0 rg BT 545.50 98.20 Td (In ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 87.40 Td (particular) Tj ET Q q 0 0 0 rg BT 131.52 87.40 Td (, ) Tj ET Q q 0 0 0 rg BT 136.81 87.40 Td (detailed ) Tj ET Q q 0 0 0 rg BT 171.13 87.40 Td (guidances ) Tj ET Q q 0 0 0 rg BT 214.95 87.40 Td (has ) Tj ET Q q 0 0 0 rg BT 232.25 87.40 Td (been ) Tj ET Q q 0 0 0 rg BT 255.06 87.40 Td (established ) Tj ET Q q 0 0 0 rg BT 303.38 87.40 Td (in ) Tj ET Q q 0 0 0 rg BT 313.18 87.40 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 336.47 87.40 Td (10 ) Tj ET Q q 0 0 0 rg BT 349.27 87.40 Td (to ) Tj ET Q q 0 0 0 rg BT 359.56 87.40 Td (explain ) Tj ET Q q 0 0 0 rg BT 390.87 87.40 Td (when ) Tj ET Q q 0 0 0 rg BT 415.18 87.40 Td (an ) Tj ET Q q 0 0 0 rg BT 427.98 87.40 Td (investor ) Tj ET Q q 0 0 0 rg BT 462.28 87.40 Td (that ) Tj ET Q q 0 0 0 rg BT 480.09 87.40 Td (owns ) Tj ET Q q 0 0 0 rg BT 503.89 87.40 Td (less ) Tj ET Q q 0 0 0 rg BT 522.68 87.40 Td (than ) Tj ET Q q 0 0 0 rg BT 542.99 87.40 Td (50 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 76.60 Td (per ) Tj ET Q q 0 0 0 rg BT 110.47 76.60 Td (cent ) Tj ET Q q 0 0 0 rg BT 129.94 76.60 Td (of ) Tj ET Q q 0 0 0 rg BT 139.91 76.60 Td (the ) Tj ET Q q 0 0 0 rg BT 154.89 76.60 Td (voting ) Tj ET Q q 0 0 0 rg BT 181.36 76.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 210.84 76.60 Td (in ) Tj ET Q q 0 0 0 rg BT 220.31 76.60 Td (an ) Tj ET Q q 0 0 0 rg BT 232.78 76.60 Td (investee ) Tj ET Q q 0 0 0 rg BT 268.76 76.60 Td (has ) Tj ET Q q 0 0 0 rg BT 285.74 76.60 Td (control ) Tj ET Q q 0 0 0 rg BT 315.21 76.60 Td (over ) Tj ET Q q 0 0 0 rg BT 335.18 76.60 Td (the ) Tj ET Q q 0 0 0 rg BT 350.16 76.60 Td (investee. ) Tj ET Q q 0 0 0 rg BT 388.64 76.60 Td (For ) Tj ET Q q 0 0 0 rg BT 404.60 76.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 443.58 76.60 Td (in ) Tj ET Q q 0 0 0 rg BT 453.05 76.60 Td (assessing ) Tj ET Q q 0 0 0 rg BT 495.54 76.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 530.02 76.60 Td (or ) Tj ET Q q 0 0 0 rg BT 540.48 76.60 Td (not ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 65.80 Td (an ) Tj ET Q q 0 0 0 rg BT 107.73 65.80 Td (investor ) Tj ET Q q 0 0 0 rg BT 141.97 65.80 Td (with ) Tj ET Q q 0 0 0 rg BT 160.69 65.80 Td (less ) Tj ET Q q 0 0 0 rg BT 179.42 65.80 Td (than ) Tj ET Q q 0 0 0 rg BT 199.66 65.80 Td (a ) Tj ET Q q 0 0 0 rg BT 207.39 65.80 Td (majority ) Tj ET Q q 0 0 0 rg BT 241.61 65.80 Td (of ) Tj ET Q q 0 0 0 rg BT 251.84 65.80 Td (the ) Tj ET Q q 0 0 0 rg BT 267.07 65.80 Td (voting ) Tj ET Q q 0 0 0 rg BT 293.81 65.80 Td (rights ) Tj ET Q q 0 0 0 rg BT 318.54 65.80 Td (in ) Tj ET Q q 0 0 0 rg BT 328.27 65.80 Td (an ) Tj ET Q q 0 0 0 rg BT 341.00 65.80 Td (investee ) Tj ET Q q 0 0 0 rg BT 377.24 65.80 Td (has ) Tj ET Q q 0 0 0 rg BT 394.47 65.80 Td (a ) Tj ET Q q 0 0 0 rg BT 402.20 65.80 Td (suf) Tj ET Q q 0 0 0 rg BT 414.04 65.80 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 446.78 65.80 Td (dominant ) Tj ET Q q 0 0 0 rg BT 486.52 65.80 Td (voting ) Tj ET Q q 0 0 0 rg BT 513.26 65.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 545.50 65.80 Td (to ) Tj ET Q endstream endobj 97 0 obj <> endobj 98 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 109.27 748.70 Td (T) Tj ET Q q 0 0 0 rg BT 118.76 748.70 Td (O ) Tj ET Q q 0 0 0 rg BT 135.36 748.70 Td (THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 371.54 748.70 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 490.96 748.70 Td ( ) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 729.50 Td (ST) Tj ET Q q 0 0 0 rg BT 69.85 729.50 Td (A) Tj ET Q q 0 0 0 rg BT 79.34 729.50 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 717.50 Td (\(Unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 705.50 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 48) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 677.45 Td (meet ) Tj ET Q q 0 0 0 rg BT 118.17 677.45 Td (the ) Tj ET Q q 0 0 0 rg BT 133.85 677.45 Td (power ) Tj ET Q q 0 0 0 rg BT 161.53 677.45 Td (criterion, ) Tj ET Q q 0 0 0 rg BT 199.20 677.45 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 222.87 677.45 Td (10 ) Tj ET Q q 0 0 0 rg BT 236.04 677.45 Td (requires ) Tj ET Q q 0 0 0 rg BT 271.72 677.45 Td (the ) Tj ET Q q 0 0 0 rg BT 287.40 677.45 Td (investor ) Tj ET Q q 0 0 0 rg BT 322.07 677.45 Td (to ) Tj ET Q q 0 0 0 rg BT 332.74 677.45 Td (take ) Tj ET Q q 0 0 0 rg BT 352.92 677.45 Td (into ) Tj ET Q q 0 0 0 rg BT 370.60 677.45 Td (account ) Tj ET Q q 0 0 0 rg BT 405.28 677.45 Td (all ) Tj ET Q q 0 0 0 rg BT 417.45 677.45 Td (relevant ) Tj ET Q q 0 0 0 rg BT 452.63 677.45 Td (facts ) Tj ET Q q 0 0 0 rg BT 474.81 677.45 Td (and ) Tj ET Q q 0 0 0 rg BT 492.99 677.45 Td (circumstances, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 666.65 Td (particularly) Tj ET Q q 0 0 0 rg BT 137.85 666.65 Td (, ) Tj ET Q q 0 0 0 rg BT 142.41 666.65 Td (the ) Tj ET Q q 0 0 0 rg BT 156.98 666.65 Td (size ) Tj ET Q q 0 0 0 rg BT 175.04 666.65 Td (of ) Tj ET Q q 0 0 0 rg BT 184.61 666.65 Td (the ) Tj ET Q q 0 0 0 rg BT 199.18 666.65 Td (investor's ) Tj ET Q q 0 0 0 rg BT 238.97 666.65 Td (holding ) Tj ET Q q 0 0 0 rg BT 270.05 666.65 Td (of ) Tj ET Q q 0 0 0 rg BT 279.62 666.65 Td (voting ) Tj ET Q q 0 0 0 rg BT 305.70 666.65 Td (rights ) Tj ET Q q 0 0 0 rg BT 329.76 666.65 Td (relative ) Tj ET Q q 0 0 0 rg BT 360.84 666.65 Td (to ) Tj ET Q q 0 0 0 rg BT 370.40 666.65 Td (the ) Tj ET Q q 0 0 0 rg BT 384.97 666.65 Td (size ) Tj ET Q q 0 0 0 rg BT 403.04 666.65 Td (and ) Tj ET Q q 0 0 0 rg BT 420.11 666.65 Td (dispersion ) Tj ET Q q 0 0 0 rg BT 463.19 666.65 Td (of ) Tj ET Q q 0 0 0 rg BT 472.76 666.65 Td (holdings ) Tj ET Q q 0 0 0 rg BT 508.35 666.65 Td (of ) Tj ET Q q 0 0 0 rg BT 517.91 666.65 Td (the ) Tj ET Q q 0 0 0 rg BT 532.48 666.65 Td (other ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 655.85 Td (vote ) Tj ET Q q 0 0 0 rg BT 114.51 655.85 Td (holders.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 634.25 Td (The ) Tj ET Q q 0 0 0 rg BT 112.53 634.25 Td (application ) Tj ET Q q 0 0 0 rg BT 157.59 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 167.11 634.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 189.64 634.25 Td (10 ) Tj ET Q q 0 0 0 rg BT 201.67 634.25 Td (has ) Tj ET Q q 0 0 0 rg BT 218.21 634.25 Td (not ) Tj ET Q q 0 0 0 rg BT 232.74 634.25 Td (af) Tj ET Q q 0 0 0 rg BT 240.08 634.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 266.62 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.16 634.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 326.71 634.25 Td (for ) Tj ET Q q 0 0 0 rg BT 339.24 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.77 634.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 402.82 634.25 Td (since ) Tj ET Q q 0 0 0 rg BT 425.85 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 440.39 634.25 Td (management ) Tj ET Q q 0 0 0 rg BT 494.94 634.25 Td (concluded ) Tj ET Q q 0 0 0 rg BT 538.00 634.25 Td (that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 623.45 Td (all ) Tj ET Q q 0 0 0 rg BT 106.50 623.45 Td (entities ) Tj ET Q q 0 0 0 rg BT 137.52 623.45 Td (that ) Tj ET Q q 0 0 0 rg BT 155.03 623.45 Td (were ) Tj ET Q q 0 0 0 rg BT 177.04 623.45 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 230.08 623.45 Td (still ) Tj ET Q q 0 0 0 rg BT 245.58 623.45 Td (met ) Tj ET Q q 0 0 0 rg BT 263.08 623.45 Td (the ) Tj ET Q q 0 0 0 rg BT 278.09 623.45 Td (criteria ) Tj ET Q q 0 0 0 rg BT 307.60 623.45 Td (for ) Tj ET Q q 0 0 0 rg BT 320.60 623.45 Td (the ) Tj ET Q q 0 0 0 rg BT 335.61 623.45 Td (new ) Tj ET Q q 0 0 0 rg BT 354.62 623.45 Td (definition ) Tj ET Q q 0 0 0 rg BT 393.15 623.45 Td (of ) Tj ET Q q 0 0 0 rg BT 403.16 623.45 Td (control ) Tj ET Q q 0 0 0 rg BT 432.67 623.45 Td (and ) Tj ET Q q 0 0 0 rg BT 450.19 623.45 Td (need ) Tj ET Q q 0 0 0 rg BT 472.71 623.45 Td (to ) Tj ET Q q 0 0 0 rg BT 482.72 623.45 Td (be ) Tj ET Q q 0 0 0 rg BT 495.23 623.45 Td (consolidated.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 95.00 601.85 Td (Impact ) Tj ET Q q 0 0 0 rg BT 126.51 601.85 Td (of ) Tj ET Q q 0 0 0 rg BT 137.50 601.85 Td (the ) Tj ET Q q 0 0 0 rg BT 153.50 601.85 Td (application ) Tj ET Q q 0 0 0 rg BT 203.51 601.85 Td (of ) Tj ET Q q 0 0 0 rg BT 214.50 601.85 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 237.51 601.85 Td (1) Tj ET Q q 0 0 0 rg BT 242.01 601.85 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 580.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 116.93 580.25 Td (1) Tj ET Q q 0 0 0 rg BT 121.27 580.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 127.70 580.25 Td (replaces ) Tj ET Q q 0 0 0 rg BT 163.15 580.25 Td (IAS ) Tj ET Q q 0 0 0 rg BT 179.08 580.25 Td (31 ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 190.52 580.25 Td (Interests ) Tj ET Q q 0 0 0 rg BT 226.47 580.25 Td (in ) Tj ET Q q 0 0 0 rg BT 234.90 580.25 Td (Joint ) Tj ET Q q 0 0 0 rg BT 255.34 580.25 Td (V) Tj ET Q q 0 0 0 rg BT 261.01 580.25 Td (entures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 291.03 580.25 Td ( ) Tj ET Q q 0 0 0 rg BT 292.46 580.25 Td (and ) Tj ET Q q 0 0 0 rg BT 308.90 580.25 Td (SIC-13 ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 338.34 580.25 Td (Jointly ) Tj ET Q q 0 0 0 rg BT 365.28 580.25 Td (Controlled ) Tj ET Q q 0 0 0 rg BT 407.73 580.25 Td (Entities ) Tj ET Q q 0 0 0 rg BT 438.67 580.25 Td (- ) Tj ET Q q 0 0 0 rg BT 443.10 580.25 Td (Non ) Tj ET Q q 0 0 0 rg BT 461.04 580.25 Td (Monetary ) Tj ET Q q 0 0 0 rg BT 499.98 580.25 Td (Contributions ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 95.00 569.45 Td (by ) Tj ET Q q 0 0 0 rg BT 107.07 569.45 Td (V) Tj ET Q q 0 0 0 rg BT 112.74 569.45 Td (enturers) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 145.75 569.45 Td (. ) Tj ET Q q 0 0 0 rg BT 150.82 569.45 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 173.88 569.45 Td (1) Tj ET Q q 0 0 0 rg BT 178.22 569.45 Td (1 ) Tj ET Q q 0 0 0 rg BT 185.79 569.45 Td (deals ) Tj ET Q q 0 0 0 rg BT 209.87 569.45 Td (with ) Tj ET Q q 0 0 0 rg BT 228.44 569.45 Td (how ) Tj ET Q q 0 0 0 rg BT 247.51 569.45 Td (a ) Tj ET Q q 0 0 0 rg BT 255.08 569.45 Td (joint ) Tj ET Q q 0 0 0 rg BT 274.16 569.45 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 327.75 569.45 Td (of ) Tj ET Q q 0 0 0 rg BT 337.82 569.45 Td (which ) Tj ET Q q 0 0 0 rg BT 363.39 569.45 Td (two ) Tj ET Q q 0 0 0 rg BT 379.96 569.45 Td (or ) Tj ET Q q 0 0 0 rg BT 390.53 569.45 Td (more ) Tj ET Q q 0 0 0 rg BT 413.60 569.45 Td (parties ) Tj ET Q q 0 0 0 rg BT 443.17 569.45 Td (have ) Tj ET Q q 0 0 0 rg BT 465.25 569.45 Td (joint ) Tj ET Q q 0 0 0 rg BT 484.33 569.45 Td (control ) Tj ET Q q 0 0 0 rg BT 513.91 569.45 Td (should ) Tj ET Q q 0 0 0 rg BT 542.99 569.45 Td (be ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 558.65 Td (classified. ) Tj ET Q q 0 0 0 rg BT 137.36 558.65 Td (Under ) Tj ET Q q 0 0 0 rg BT 164.71 558.65 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 188.05 558.65 Td (1) Tj ET Q q 0 0 0 rg BT 192.39 558.65 Td (1, ) Tj ET Q q 0 0 0 rg BT 202.74 558.65 Td (there ) Tj ET Q q 0 0 0 rg BT 226.09 558.65 Td (are ) Tj ET Q q 0 0 0 rg BT 241.94 558.65 Td (only ) Tj ET Q q 0 0 0 rg BT 261.29 558.65 Td (two ) Tj ET Q q 0 0 0 rg BT 278.14 558.65 Td (types ) Tj ET Q q 0 0 0 rg BT 302.49 558.65 Td (of ) Tj ET Q q 0 0 0 rg BT 312.84 558.65 Td (joint ) Tj ET Q q 0 0 0 rg BT 332.19 558.65 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 390.56 558.65 Td (- ) Tj ET Q q 0 0 0 rg BT 396.40 558.65 Td (joint ) Tj ET Q q 0 0 0 rg BT 415.75 558.65 Td (operations ) Tj ET Q q 0 0 0 rg BT 460.62 558.65 Td (and ) Tj ET Q q 0 0 0 rg BT 478.48 558.65 Td (joint ) Tj ET Q q 0 0 0 rg BT 497.83 558.65 Td (ventures. ) Tj ET Q q 0 0 0 rg BT 537.51 558.65 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 547.85 Td (classification ) Tj ET Q q 0 0 0 rg BT 148.32 547.85 Td (of ) Tj ET Q q 0 0 0 rg BT 158.13 547.85 Td (joint ) Tj ET Q q 0 0 0 rg BT 176.94 547.85 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 234.77 547.85 Td (under ) Tj ET Q q 0 0 0 rg BT 260.09 547.85 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 282.89 547.85 Td (1) Tj ET Q q 0 0 0 rg BT 287.23 547.85 Td (1 ) Tj ET Q q 0 0 0 rg BT 294.54 547.85 Td (is ) Tj ET Q q 0 0 0 rg BT 303.34 547.85 Td (determined ) Tj ET Q q 0 0 0 rg BT 350.67 547.85 Td (based ) Tj ET Q q 0 0 0 rg BT 377.49 547.85 Td (on ) Tj ET Q q 0 0 0 rg BT 389.80 547.85 Td (the ) Tj ET Q q 0 0 0 rg BT 404.61 547.85 Td (rights ) Tj ET Q q 0 0 0 rg BT 428.92 547.85 Td (and ) Tj ET Q q 0 0 0 rg BT 446.24 547.85 Td (obligations ) Tj ET Q q 0 0 0 rg BT 491.57 547.85 Td (of ) Tj ET Q q 0 0 0 rg BT 501.38 547.85 Td (parties ) Tj ET Q q 0 0 0 rg BT 530.69 547.85 Td (to ) Tj ET Q q 0 0 0 rg BT 540.50 547.85 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 537.05 Td (joint ) Tj ET Q q 0 0 0 rg BT 113.78 537.05 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 171.57 537.05 Td (by ) Tj ET Q q 0 0 0 rg BT 183.35 537.05 Td (considering ) Tj ET Q q 0 0 0 rg BT 231.64 537.05 Td (the ) Tj ET Q q 0 0 0 rg BT 246.42 537.05 Td (structure, ) Tj ET Q q 0 0 0 rg BT 286.20 537.05 Td (the ) Tj ET Q q 0 0 0 rg BT 300.98 537.05 Td (legal ) Tj ET Q q 0 0 0 rg BT 322.26 537.05 Td (form ) Tj ET Q q 0 0 0 rg BT 342.53 537.05 Td (of ) Tj ET Q q 0 0 0 rg BT 352.30 537.05 Td (the ) Tj ET Q q 0 0 0 rg BT 367.08 537.05 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 427.37 537.05 Td (the ) Tj ET Q q 0 0 0 rg BT 442.15 537.05 Td (contractual ) Tj ET Q q 0 0 0 rg BT 488.44 537.05 Td (terms ) Tj ET Q q 0 0 0 rg BT 513.21 537.05 Td (agreed ) Tj ET Q q 0 0 0 rg BT 543.50 537.05 Td (by ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.63 526.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 142.77 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 154.40 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.03 526.25 Td (arrangement, ) Tj ET Q q 0 0 0 rg BT 228.68 526.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 250.32 526.25 Td (when ) Tj ET Q q 0 0 0 rg BT 275.96 526.25 Td (relevant, ) Tj ET Q q 0 0 0 rg BT 314.60 526.25 Td (other ) Tj ET Q q 0 0 0 rg BT 339.24 526.25 Td (facts ) Tj ET Q q 0 0 0 rg BT 362.37 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.51 526.25 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 444.83 526.25 Td (A) Tj ET Q q 0 0 0 rg BT 450.33 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 454.46 526.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 475.09 526.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 516.74 526.25 Td (is ) Tj ET Q q 0 0 0 rg BT 527.36 526.25 Td (a ) Tj ET Q q 0 0 0 rg BT 536.49 526.25 Td (joint ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 515.45 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 148.99 515.45 Td (whereby ) Tj ET Q q 0 0 0 rg BT 185.96 515.45 Td (the ) Tj ET Q q 0 0 0 rg BT 201.43 515.45 Td (parties ) Tj ET Q q 0 0 0 rg BT 231.40 515.45 Td (that ) Tj ET Q q 0 0 0 rg BT 249.37 515.45 Td (have ) Tj ET Q q 0 0 0 rg BT 271.84 515.45 Td (joint ) Tj ET Q q 0 0 0 rg BT 291.31 515.45 Td (control ) Tj ET Q q 0 0 0 rg BT 321.28 515.45 Td (of ) Tj ET Q q 0 0 0 rg BT 331.74 515.45 Td (the ) Tj ET Q q 0 0 0 rg BT 347.21 515.45 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 401.20 515.45 Td (\(i.e. ) Tj ET Q q 0 0 0 rg BT 419.16 515.45 Td (joint ) Tj ET Q q 0 0 0 rg BT 438.62 515.45 Td (operators\) ) Tj ET Q q 0 0 0 rg BT 482.60 515.45 Td (have ) Tj ET Q q 0 0 0 rg BT 505.07 515.45 Td (rights ) Tj ET Q q 0 0 0 rg BT 530.04 515.45 Td (to ) Tj ET Q q 0 0 0 rg BT 540.50 515.45 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 504.65 Td (assets, ) Tj ET Q q 0 0 0 rg BT 126.12 504.65 Td (and ) Tj ET Q q 0 0 0 rg BT 143.74 504.65 Td (obligations ) Tj ET Q q 0 0 0 rg BT 189.37 504.65 Td (for ) Tj ET Q q 0 0 0 rg BT 202.48 504.65 Td (the ) Tj ET Q q 0 0 0 rg BT 217.60 504.65 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 256.71 504.65 Td (relating ) Tj ET Q q 0 0 0 rg BT 288.84 504.65 Td (to ) Tj ET Q q 0 0 0 rg BT 298.95 504.65 Td (the ) Tj ET Q q 0 0 0 rg BT 314.06 504.65 Td (arrangement. ) Tj ET Q q 0 0 0 rg BT 369.68 504.65 Td (A) Tj ET Q q 0 0 0 rg BT 375.19 504.65 Td ( ) Tj ET Q q 0 0 0 rg BT 377.79 504.65 Td (joint ) Tj ET Q q 0 0 0 rg BT 396.91 504.65 Td (venture ) Tj ET Q q 0 0 0 rg BT 429.53 504.65 Td (is ) Tj ET Q q 0 0 0 rg BT 438.63 504.65 Td (a ) Tj ET Q q 0 0 0 rg BT 446.24 504.65 Td (joint ) Tj ET Q q 0 0 0 rg BT 465.36 504.65 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 518.99 504.65 Td (whereby ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 493.85 Td (the ) Tj ET Q q 0 0 0 rg BT 111.58 493.85 Td (parties ) Tj ET Q q 0 0 0 rg BT 142.66 493.85 Td (that ) Tj ET Q q 0 0 0 rg BT 161.74 493.85 Td (have ) Tj ET Q q 0 0 0 rg BT 185.32 493.85 Td (joint ) Tj ET Q q 0 0 0 rg BT 205.90 493.85 Td (control ) Tj ET Q q 0 0 0 rg BT 236.98 493.85 Td (of ) Tj ET Q q 0 0 0 rg BT 248.55 493.85 Td (the ) Tj ET Q q 0 0 0 rg BT 265.13 493.85 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 320.22 493.85 Td (\(i.e. ) Tj ET Q q 0 0 0 rg BT 339.29 493.85 Td (joint ) Tj ET Q q 0 0 0 rg BT 359.87 493.85 Td (venturers\) ) Tj ET Q q 0 0 0 rg BT 404.45 493.85 Td (have ) Tj ET Q q 0 0 0 rg BT 428.03 493.85 Td (rights ) Tj ET Q q 0 0 0 rg BT 454.11 493.85 Td (to ) Tj ET Q q 0 0 0 rg BT 465.68 493.85 Td (the ) Tj ET Q q 0 0 0 rg BT 482.26 493.85 Td (net ) Tj ET Q q 0 0 0 rg BT 498.84 493.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 528.92 493.85 Td (of ) Tj ET Q q 0 0 0 rg BT 540.49 493.85 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 483.05 Td (arrangement. ) Tj ET Q q 0 0 0 rg BT 150.95 483.05 Td (Previously) Tj ET Q q 0 0 0 rg BT 191.80 483.05 Td (, ) Tj ET Q q 0 0 0 rg BT 196.72 483.05 Td (IAS ) Tj ET Q q 0 0 0 rg BT 213.65 483.05 Td (31 ) Tj ET Q BT /F5 9.00 Tf ET q 0 0 0 rg BT 226.09 483.05 Td (Interests ) Tj ET Q q 0 0 0 rg BT 263.03 483.05 Td (in ) Tj ET Q q 0 0 0 rg BT 272.45 483.05 Td (Joint ) Tj ET Q q 0 0 0 rg BT 293.89 483.05 Td (V) Tj ET Q q 0 0 0 rg BT 299.56 483.05 Td (entures ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.00 483.05 Td (had ) Tj ET Q q 0 0 0 rg BT 349.44 483.05 Td (three ) Tj ET Q q 0 0 0 rg BT 372.38 483.05 Td (types ) Tj ET Q q 0 0 0 rg BT 396.31 483.05 Td (of ) Tj ET Q q 0 0 0 rg BT 406.24 483.05 Td (joint ) Tj ET Q q 0 0 0 rg BT 425.17 483.05 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 483.13 483.05 Td (- ) Tj ET Q q 0 0 0 rg BT 488.55 483.05 Td (jointly ) Tj ET Q q 0 0 0 rg BT 513.98 483.05 Td (controlled ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 472.25 Td (entities, ) Tj ET Q q 0 0 0 rg BT 127.54 472.25 Td (jointly ) Tj ET Q q 0 0 0 rg BT 152.08 472.25 Td (controlled ) Tj ET Q q 0 0 0 rg BT 192.62 472.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 236.18 472.25 Td (and ) Tj ET Q q 0 0 0 rg BT 252.72 472.25 Td (jointly ) Tj ET Q q 0 0 0 rg BT 277.25 472.25 Td (controlled ) Tj ET Q q 0 0 0 rg BT 317.80 472.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 347.74 472.25 Td (The ) Tj ET Q q 0 0 0 rg BT 364.77 472.25 Td (classification ) Tj ET Q q 0 0 0 rg BT 417.32 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 426.35 472.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 444.38 472.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 501.44 472.25 Td (under ) Tj ET Q q 0 0 0 rg BT 525.98 472.25 Td (IAS31 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 461.45 Td (was ) Tj ET Q q 0 0 0 rg BT 113.40 461.45 Td (primarily ) Tj ET Q q 0 0 0 rg BT 149.80 461.45 Td (determined ) Tj ET Q q 0 0 0 rg BT 197.23 461.45 Td (based ) Tj ET Q q 0 0 0 rg BT 224.15 461.45 Td (on ) Tj ET Q q 0 0 0 rg BT 236.55 461.45 Td (the ) Tj ET Q q 0 0 0 rg BT 251.46 461.45 Td (legal ) Tj ET Q q 0 0 0 rg BT 272.88 461.45 Td (form ) Tj ET Q q 0 0 0 rg BT 293.27 461.45 Td (of ) Tj ET Q q 0 0 0 rg BT 303.18 461.45 Td (the ) Tj ET Q q 0 0 0 rg BT 318.09 461.45 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 371.51 461.45 Td (\(e.g. ) Tj ET Q q 0 0 0 rg BT 391.92 461.45 Td (a ) Tj ET Q q 0 0 0 rg BT 399.32 461.45 Td (joint ) Tj ET Q q 0 0 0 rg BT 418.23 461.45 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 471.66 461.45 Td (that ) Tj ET Q q 0 0 0 rg BT 489.07 461.45 Td (was ) Tj ET Q q 0 0 0 rg BT 507.47 461.45 Td (established ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 450.65 Td (through ) Tj ET Q q 0 0 0 rg BT 128.02 450.65 Td (a ) Tj ET Q q 0 0 0 rg BT 135.53 450.65 Td (separate ) Tj ET Q q 0 0 0 rg BT 173.06 450.65 Td (entity ) Tj ET Q q 0 0 0 rg BT 197.07 450.65 Td (was ) Tj ET Q q 0 0 0 rg BT 215.57 450.65 Td (accounted ) Tj ET Q q 0 0 0 rg BT 259.61 450.65 Td (for ) Tj ET Q q 0 0 0 rg BT 272.61 450.65 Td (as ) Tj ET Q q 0 0 0 rg BT 284.62 450.65 Td (a ) Tj ET Q q 0 0 0 rg BT 292.12 450.65 Td (jointly ) Tj ET Q q 0 0 0 rg BT 317.63 450.65 Td (controlled ) Tj ET Q q 0 0 0 rg BT 359.16 450.65 Td (entity\).) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 429.05 Td (The ) Tj ET Q q 0 0 0 rg BT 114.47 429.05 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 164.97 429.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 212.46 429.05 Td (of ) Tj ET Q q 0 0 0 rg BT 223.93 429.05 Td (joint ) Tj ET Q q 0 0 0 rg BT 244.40 429.05 Td (ventures ) Tj ET Q q 0 0 0 rg BT 282.88 429.05 Td (and ) Tj ET Q q 0 0 0 rg BT 301.86 429.05 Td (joint ) Tj ET Q q 0 0 0 rg BT 322.33 429.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 368.32 429.05 Td (is ) Tj ET Q q 0 0 0 rg BT 378.78 429.05 Td (dif) Tj ET Q q 0 0 0 rg BT 388.12 429.05 Td (ferent. ) Tj ET Q q 0 0 0 rg BT 417.60 429.05 Td (Investments ) Tj ET Q q 0 0 0 rg BT 470.08 429.05 Td (in ) Tj ET Q q 0 0 0 rg BT 481.04 429.05 Td (joint ) Tj ET Q q 0 0 0 rg BT 501.51 429.05 Td (ventures ) Tj ET Q q 0 0 0 rg BT 539.99 429.05 Td (are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 418.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 140.80 418.25 Td (for ) Tj ET Q q 0 0 0 rg BT 155.57 418.25 Td (using ) Tj ET Q q 0 0 0 rg BT 181.36 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.13 418.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 226.42 418.25 Td (method ) Tj ET Q q 0 0 0 rg BT 260.71 418.25 Td (\(proportionate ) Tj ET Q q 0 0 0 rg BT 321.01 418.25 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 377.81 418.25 Td (is ) Tj ET Q q 0 0 0 rg BT 388.58 418.25 Td (no ) Tj ET Q q 0 0 0 rg BT 402.86 418.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 432.15 418.25 Td (allowed\). ) Tj ET Q q 0 0 0 rg BT 472.43 418.25 Td (Investments ) Tj ET Q q 0 0 0 rg BT 525.22 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 536.49 418.25 Td (joint ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 407.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 139.76 407.45 Td (are ) Tj ET Q q 0 0 0 rg BT 155.50 407.45 Td (accounted ) Tj ET Q q 0 0 0 rg BT 199.77 407.45 Td (for ) Tj ET Q q 0 0 0 rg BT 213.01 407.45 Td (such ) Tj ET Q q 0 0 0 rg BT 234.75 407.45 Td (that ) Tj ET Q q 0 0 0 rg BT 252.50 407.45 Td (each ) Tj ET Q q 0 0 0 rg BT 274.75 407.45 Td (joint ) Tj ET Q q 0 0 0 rg BT 293.99 407.45 Td (operator ) Tj ET Q q 0 0 0 rg BT 330.25 407.45 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 376.51 407.45 Td (and ) Tj ET Q q 0 0 0 rg BT 394.26 407.45 Td (measures ) Tj ET Q q 0 0 0 rg BT 436.50 407.45 Td (the ) Tj ET Q q 0 0 0 rg BT 451.75 407.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 480.50 407.45 Td (and ) Tj ET Q q 0 0 0 rg BT 498.25 407.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 534.99 407.45 Td (\(and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 396.65 Td (the ) Tj ET Q q 0 0 0 rg BT 110.38 396.65 Td (related ) Tj ET Q q 0 0 0 rg BT 140.76 396.65 Td (revenues ) Tj ET Q q 0 0 0 rg BT 180.65 396.65 Td (and ) Tj ET Q q 0 0 0 rg BT 198.54 396.65 Td (expenses\) ) Tj ET Q q 0 0 0 rg BT 242.93 396.65 Td (in ) Tj ET Q q 0 0 0 rg BT 252.80 396.65 Td (relation ) Tj ET Q q 0 0 0 rg BT 285.18 396.65 Td (to ) Tj ET Q q 0 0 0 rg BT 295.56 396.65 Td (its ) Tj ET Q q 0 0 0 rg BT 307.42 396.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 339.80 396.65 Td (in ) Tj ET Q q 0 0 0 rg BT 349.67 396.65 Td (the ) Tj ET Q q 0 0 0 rg BT 365.05 396.65 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 418.95 396.65 Td (in ) Tj ET Q q 0 0 0 rg BT 428.82 396.65 Td (accordance ) Tj ET Q q 0 0 0 rg BT 478.22 396.65 Td (with ) Tj ET Q q 0 0 0 rg BT 497.09 396.65 Td (the ) Tj ET Q q 0 0 0 rg BT 512.47 396.65 Td (applicable ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 385.85 Td (standards.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 364.25 Td (Upon ) Tj ET Q q 0 0 0 rg BT 120.95 364.25 Td (applying ) Tj ET Q q 0 0 0 rg BT 158.91 364.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 183.84 364.25 Td (1) Tj ET Q q 0 0 0 rg BT 188.18 364.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 200.12 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.06 364.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 268.52 364.25 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 308.98 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.42 364.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 370.88 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.82 364.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 411.27 364.25 Td (form ) Tj ET Q q 0 0 0 rg BT 433.71 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.16 364.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 480.09 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 492.03 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 508.97 364.25 Td (contractual ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 353.45 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 154.06 353.45 Td (in ) Tj ET Q q 0 0 0 rg BT 164.59 353.45 Td (relation ) Tj ET Q q 0 0 0 rg BT 197.64 353.45 Td (to ) Tj ET Q q 0 0 0 rg BT 208.68 353.45 Td (the ) Tj ET Q q 0 0 0 rg BT 224.72 353.45 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 281.49 353.45 Td (investments ) Tj ET Q q 0 0 0 rg BT 333.04 353.45 Td (in ) Tj ET Q q 0 0 0 rg BT 343.58 353.45 Td (joint ) Tj ET Q q 0 0 0 rg BT 363.62 353.45 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 424.95 353.45 Td (The ) Tj ET Q q 0 0 0 rg BT 443.98 353.45 Td (application ) Tj ET Q q 0 0 0 rg BT 490.54 353.45 Td (of ) Tj ET Q q 0 0 0 rg BT 501.58 353.45 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 525.61 353.45 Td (1) Tj ET Q q 0 0 0 rg BT 529.95 353.45 Td (1 ) Tj ET Q q 0 0 0 rg BT 538.48 353.45 Td (has ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 342.65 Td (changed ) Tj ET Q q 0 0 0 rg BT 132.65 342.65 Td (the ) Tj ET Q q 0 0 0 rg BT 148.28 342.65 Td (classification ) Tj ET Q q 0 0 0 rg BT 202.43 342.65 Td (and ) Tj ET Q q 0 0 0 rg BT 220.56 342.65 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 270.22 342.65 Td (accounting ) Tj ET Q q 0 0 0 rg BT 316.87 342.65 Td (of ) Tj ET Q q 0 0 0 rg BT 327.50 342.65 Td (the ) Tj ET Q q 0 0 0 rg BT 343.13 342.65 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 399.50 342.65 Td (investments ) Tj ET Q q 0 0 0 rg BT 450.64 342.65 Td (in ) Tj ET Q q 0 0 0 rg BT 460.76 342.65 Td (Umbata ) Tj ET Q q 0 0 0 rg BT 495.40 342.65 Td (Falls, ) Tj ET Q q 0 0 0 rg BT 520.02 342.65 Td (L.P) Tj ET Q q 0 0 0 rg BT 532.37 342.65 Td (. ) Tj ET Q q 0 0 0 rg BT 537.99 342.65 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 331.85 Td (Parc ) Tj ET Q q 0 0 0 rg BT 118.32 331.85 Td (olien ) Tj ET Q q 0 0 0 rg BT 147.15 331.85 Td (communautaire ) Tj ET Q q 0 0 0 rg BT 213.99 331.85 Td (V) Tj ET Q q 0 0 0 rg BT 219.83 331.85 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 287.17 331.85 Td (s.e.c. ) Tj ET Q q 0 0 0 rg BT 313.49 331.85 Td (\(''V) Tj ET Q q 0 0 0 rg BT 325.77 331.85 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 393.11 331.85 Td (L.P) Tj ET Q q 0 0 0 rg BT 405.46 331.85 Td (.''\), ) Tj ET Q q 0 0 0 rg BT 421.70 331.85 Td (which ) Tj ET Q q 0 0 0 rg BT 449.52 331.85 Td (were ) Tj ET Q q 0 0 0 rg BT 473.84 331.85 Td (classified ) Tj ET Q q 0 0 0 rg BT 515.67 331.85 Td (as ) Tj ET Q q 0 0 0 rg BT 529.99 331.85 Td (jointly ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 321.05 Td (controlled ) Tj ET Q q 0 0 0 rg BT 135.97 321.05 Td (entities ) Tj ET Q q 0 0 0 rg BT 166.43 321.05 Td (under ) Tj ET Q q 0 0 0 rg BT 191.39 321.05 Td (the ) Tj ET Q q 0 0 0 rg BT 205.84 321.05 Td (previous ) Tj ET Q q 0 0 0 rg BT 241.81 321.05 Td (standard ) Tj ET Q q 0 0 0 rg BT 278.77 321.05 Td (and ) Tj ET Q q 0 0 0 rg BT 295.73 321.05 Td (were ) Tj ET Q q 0 0 0 rg BT 317.19 321.05 Td (accounted ) Tj ET Q q 0 0 0 rg BT 360.66 321.05 Td (for ) Tj ET Q q 0 0 0 rg BT 373.11 321.05 Td (using ) Tj ET Q q 0 0 0 rg BT 396.57 321.05 Td (the ) Tj ET Q q 0 0 0 rg BT 411.02 321.05 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 466.01 321.05 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 520.49 321.05 Td (method. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 310.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 122.81 310.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 146.60 310.25 Td (1) Tj ET Q q 0 0 0 rg BT 150.94 310.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 161.74 310.25 Td (Umbata ) Tj ET Q q 0 0 0 rg BT 196.55 310.25 Td (Falls, ) Tj ET Q q 0 0 0 rg BT 221.34 310.25 Td (L.P) Tj ET Q q 0 0 0 rg BT 233.69 310.25 Td (. ) Tj ET Q q 0 0 0 rg BT 239.48 310.25 Td (and ) Tj ET Q q 0 0 0 rg BT 257.79 310.25 Td (V) Tj ET Q q 0 0 0 rg BT 263.64 310.25 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 329.46 310.25 Td (L.P) Tj ET Q q 0 0 0 rg BT 341.81 310.25 Td (. ) Tj ET Q q 0 0 0 rg BT 347.60 310.25 Td (are ) Tj ET Q q 0 0 0 rg BT 363.90 310.25 Td (treated ) Tj ET Q q 0 0 0 rg BT 395.22 310.25 Td (as ) Tj ET Q q 0 0 0 rg BT 408.02 310.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 427.82 310.25 Td (ventures ) Tj ET Q q 0 0 0 rg BT 465.63 310.25 Td (and ) Tj ET Q q 0 0 0 rg BT 483.94 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.75 310.25 Td (Corporation's ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 299.45 Td (interests ) Tj ET Q q 0 0 0 rg BT 131.51 299.45 Td (into ) Tj ET Q q 0 0 0 rg BT 148.53 299.45 Td (them ) Tj ET Q q 0 0 0 rg BT 171.03 299.45 Td (are ) Tj ET Q q 0 0 0 rg BT 186.54 299.45 Td (required ) Tj ET Q q 0 0 0 rg BT 222.06 299.45 Td (to ) Tj ET Q q 0 0 0 rg BT 232.07 299.45 Td (be ) Tj ET Q q 0 0 0 rg BT 244.58 299.45 Td (accounted ) Tj ET Q q 0 0 0 rg BT 288.61 299.45 Td (for ) Tj ET Q q 0 0 0 rg BT 301.62 299.45 Td (using ) Tj ET Q q 0 0 0 rg BT 325.63 299.45 Td (the ) Tj ET Q q 0 0 0 rg BT 340.65 299.45 Td (equity ) Tj ET Q q 0 0 0 rg BT 367.16 299.45 Td (method.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 277.85 Td (The ) Tj ET Q q 0 0 0 rg BT 112.88 277.85 Td (change ) Tj ET Q q 0 0 0 rg BT 144.79 277.85 Td (in ) Tj ET Q q 0 0 0 rg BT 154.17 277.85 Td (accounting ) Tj ET Q q 0 0 0 rg BT 200.08 277.85 Td (of ) Tj ET Q q 0 0 0 rg BT 209.96 277.85 Td (the ) Tj ET Q q 0 0 0 rg BT 224.85 277.85 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 280.47 277.85 Td (investment ) Tj ET Q q 0 0 0 rg BT 326.36 277.85 Td (in ) Tj ET Q q 0 0 0 rg BT 335.74 277.85 Td (Umbata ) Tj ET Q q 0 0 0 rg BT 369.63 277.85 Td (Falls, ) Tj ET Q q 0 0 0 rg BT 393.51 277.85 Td (L.P) Tj ET Q q 0 0 0 rg BT 405.86 277.85 Td (. ) Tj ET Q q 0 0 0 rg BT 410.73 277.85 Td (and ) Tj ET Q q 0 0 0 rg BT 428.13 277.85 Td (V) Tj ET Q q 0 0 0 rg BT 433.97 277.85 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 498.87 277.85 Td (L.P) Tj ET Q q 0 0 0 rg BT 511.22 277.85 Td (. ) Tj ET Q q 0 0 0 rg BT 516.10 277.85 Td (has ) Tj ET Q q 0 0 0 rg BT 532.98 277.85 Td (been ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 267.05 Td (applied ) Tj ET Q q 0 0 0 rg BT 126.93 267.05 Td (in ) Tj ET Q q 0 0 0 rg BT 136.85 267.05 Td (accordance ) Tj ET Q q 0 0 0 rg BT 186.28 267.05 Td (with ) Tj ET Q q 0 0 0 rg BT 205.20 267.05 Td (the ) Tj ET Q q 0 0 0 rg BT 220.62 267.05 Td (relevant ) Tj ET Q q 0 0 0 rg BT 255.54 267.05 Td (transitional ) Tj ET Q q 0 0 0 rg BT 301.98 267.05 Td (provisions. ) Tj ET Q q 0 0 0 rg BT 347.71 267.05 Td (The ) Tj ET Q q 0 0 0 rg BT 366.13 267.05 Td (initial ) Tj ET Q q 0 0 0 rg BT 389.55 267.05 Td (investment ) Tj ET Q q 0 0 0 rg BT 435.97 267.05 Td (as ) Tj ET Q q 0 0 0 rg BT 448.39 267.05 Td (at ) Tj ET Q q 0 0 0 rg BT 458.80 267.05 Td (January ) Tj ET Q q 0 0 0 rg BT 493.73 267.05 Td (1, ) Tj ET Q q 0 0 0 rg BT 504.14 267.05 Td (2012 ) Tj ET Q q 0 0 0 rg BT 527.07 267.05 Td (for ) Tj ET Q q 0 0 0 rg BT 540.48 267.05 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 256.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 135.18 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 145.83 256.25 Td (applying ) Tj ET Q q 0 0 0 rg BT 182.51 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.18 256.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 225.34 256.25 Td (method ) Tj ET Q q 0 0 0 rg BT 258.52 256.25 Td (is ) Tj ET Q q 0 0 0 rg BT 268.17 256.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 311.34 256.25 Td (as ) Tj ET Q q 0 0 0 rg BT 324.00 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.66 256.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 383.35 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 394.01 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.67 256.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 444.83 256.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 482.51 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.16 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 508.83 256.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 537.99 256.25 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 245.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 131.11 245.45 Td (that ) Tj ET Q q 0 0 0 rg BT 148.22 245.45 Td (the ) Tj ET Q q 0 0 0 rg BT 162.83 245.45 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 211.96 245.45 Td (had ) Tj ET Q q 0 0 0 rg BT 229.07 245.45 Td (previously ) Tj ET Q q 0 0 0 rg BT 271.69 245.45 Td (proportionately ) Tj ET Q q 0 0 0 rg BT 333.32 245.45 Td (consolidated. ) Tj ET Q q 0 0 0 rg BT 388.46 245.45 Td (Such ) Tj ET Q q 0 0 0 rg BT 411.07 245.45 Td (a ) Tj ET Q q 0 0 0 rg BT 418.18 245.45 Td (change ) Tj ET Q q 0 0 0 rg BT 449.80 245.45 Td (in ) Tj ET Q q 0 0 0 rg BT 458.91 245.45 Td (accounting ) Tj ET Q q 0 0 0 rg BT 504.54 245.45 Td (has ) Tj ET Q q 0 0 0 rg BT 521.15 245.45 Td (af) Tj ET Q q 0 0 0 rg BT 528.49 245.45 Td (fected ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 234.65 Td (the ) Tj ET Q q 0 0 0 rg BT 110.01 234.65 Td (amounts ) Tj ET Q q 0 0 0 rg BT 147.03 234.65 Td (reported ) Tj ET Q q 0 0 0 rg BT 183.05 234.65 Td (in ) Tj ET Q q 0 0 0 rg BT 192.56 234.65 Td (the ) Tj ET Q q 0 0 0 rg BT 207.57 234.65 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 263.31 234.65 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 316.35 234.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 351.87 234.65 Td (statements ) Tj ET Q q 0 0 0 rg BT 398.39 234.65 Td (\(see ) Tj ET Q q 0 0 0 rg BT 418.40 234.65 Td (note ) Tj ET Q q 0 0 0 rg BT 438.42 234.65 Td (2.2\).) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 95.00 213.05 Td (Impact ) Tj ET Q q 0 0 0 rg BT 126.51 213.05 Td (of ) Tj ET Q q 0 0 0 rg BT 137.50 213.05 Td (the ) Tj ET Q q 0 0 0 rg BT 153.50 213.05 Td (application ) Tj ET Q q 0 0 0 rg BT 203.51 213.05 Td (of ) Tj ET Q q 0 0 0 rg BT 214.50 213.05 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 237.51 213.05 Td (12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 191.45 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 117.99 191.45 Td (12 ) Tj ET Q q 0 0 0 rg BT 130.48 191.45 Td (is ) Tj ET Q q 0 0 0 rg BT 139.47 191.45 Td (a ) Tj ET Q q 0 0 0 rg BT 146.96 191.45 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 189.96 191.45 Td (standard ) Tj ET Q q 0 0 0 rg BT 227.47 191.45 Td (and ) Tj ET Q q 0 0 0 rg BT 244.98 191.45 Td (is ) Tj ET Q q 0 0 0 rg BT 253.96 191.45 Td (applicable ) Tj ET Q q 0 0 0 rg BT 296.98 191.45 Td (to ) Tj ET Q q 0 0 0 rg BT 306.97 191.45 Td (entities ) Tj ET Q q 0 0 0 rg BT 337.97 191.45 Td (that ) Tj ET Q q 0 0 0 rg BT 355.47 191.45 Td (have ) Tj ET Q q 0 0 0 rg BT 377.47 191.45 Td (interests ) Tj ET Q q 0 0 0 rg BT 413.97 191.45 Td (in ) Tj ET Q q 0 0 0 rg BT 423.46 191.45 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 475.97 191.45 Td (joint ) Tj ET Q q 0 0 0 rg BT 494.97 191.45 Td (arrangements, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 180.65 Td (associates ) Tj ET Q q 0 0 0 rg BT 141.45 180.65 Td (and/or ) Tj ET Q q 0 0 0 rg BT 170.90 180.65 Td (unconsolidated ) Tj ET Q q 0 0 0 rg BT 235.38 180.65 Td (structure ) Tj ET Q q 0 0 0 rg BT 274.32 180.65 Td (entities. ) Tj ET Q q 0 0 0 rg BT 309.01 180.65 Td (The ) Tj ET Q q 0 0 0 rg BT 328.45 180.65 Td (application ) Tj ET Q q 0 0 0 rg BT 375.41 180.65 Td (of ) Tj ET Q q 0 0 0 rg BT 386.85 180.65 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 411.28 180.65 Td (12 ) Tj ET Q q 0 0 0 rg BT 425.22 180.65 Td (has ) Tj ET Q q 0 0 0 rg BT 443.66 180.65 Td (resulted ) Tj ET Q q 0 0 0 rg BT 479.61 180.65 Td (in ) Tj ET Q q 0 0 0 rg BT 490.54 180.65 Td (more ) Tj ET Q q 0 0 0 rg BT 514.98 180.65 Td (extensive ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 169.85 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 142.52 169.85 Td (appearing ) Tj ET Q q 0 0 0 rg BT 185.05 169.85 Td (in ) Tj ET Q q 0 0 0 rg BT 194.56 169.85 Td (notes ) Tj ET Q q 0 0 0 rg BT 219.08 169.85 Td (7, ) Tj ET Q q 0 0 0 rg BT 229.08 169.85 Td (14 ) Tj ET Q q 0 0 0 rg BT 241.59 169.85 Td (and ) Tj ET Q q 0 0 0 rg BT 259.11 169.85 Td (16.) Tj ET Q endstream endobj 99 0 obj <> endobj 100 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 109.27 748.70 Td (T) Tj ET Q q 0 0 0 rg BT 118.76 748.70 Td (O ) Tj ET Q q 0 0 0 rg BT 135.36 748.70 Td (THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 371.54 748.70 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 490.96 748.70 Td ( ) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 729.50 Td (ST) Tj ET Q q 0 0 0 rg BT 69.85 729.50 Td (A) Tj ET Q q 0 0 0 rg BT 79.34 729.50 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 717.50 Td (\(Unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 705.50 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 49) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 77.00 676.75 Td (2.2 ) Tj ET Q q 0.2 0 0.6 rg BT 93.68 676.75 Td ( ) Tj ET Q q 0.2 0 0.6 rg BT 96.09 676.75 Td (Additional ) Tj ET Q q 0.2 0 0.6 rg BT 147.75 676.75 Td (IFRS ) Tj ET Q q 0.2 0 0.6 rg BT 173.30 676.75 Td (information) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 99.50 655.15 Td (2.2.1 ) Tj ET Q q 0 0 0 rg BT 121.78 655.15 Td (Impact ) Tj ET Q q 0 0 0 rg BT 153.05 655.15 Td (on ) Tj ET Q q 0 0 0 rg BT 166.30 655.15 Td (statement ) Tj ET Q q 0 0 0 rg BT 211.08 655.15 Td (of ) Tj ET Q q 0 0 0 rg BT 221.83 655.15 Td (earnings ) Tj ET Q q 0 0 0 rg BT 261.61 655.15 Td (for ) Tj ET Q q 0 0 0 rg BT 275.87 655.15 Td (the ) Tj ET Q q 0 0 0 rg BT 291.63 655.15 Td (three-month ) Tj ET Q q 0 0 0 rg BT 346.38 655.15 Td (and ) Tj ET Q q 0 0 0 rg BT 364.65 655.15 Td (the ) Tj ET Q q 0 0 0 rg BT 380.41 655.15 Td (six-month ) Tj ET Q q 0 0 0 rg BT 425.67 655.15 Td (period ) Tj ET Q q 0 0 0 rg BT 455.43 655.15 Td (ended ) Tj ET Q q 0 0 0 rg BT 484.20 655.15 Td (June ) Tj ET Q q 0 0 0 rg BT 507.46 655.15 Td (30, ) Tj ET Q q 0 0 0 rg BT 522.24 655.15 Td (2012 ) Tj ET Q q 0 0 0 rg BT 544.52 655.15 Td (of ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 122.00 644.35 Td (the ) Tj ET Q q 0 0 0 rg BT 138.00 644.35 Td (application ) Tj ET Q q 0 0 0 rg BT 188.01 644.35 Td (of ) Tj ET Q q 0 0 0 rg BT 199.00 644.35 Td (IFRS1) Tj ET Q q 0 0 0 rg BT 226.51 644.35 Td (1:) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 89.25 633.85 181.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 270.25 633.85 292.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 89.25 620.85 181.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 270.25 620.85 92.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 362.25 620.85 100.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 462.25 620.85 100.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 89.25 597.85 m 270.25 597.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.25 597.85 m 362.25 597.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.25 597.85 m 462.25 597.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.25 597.85 m 562.25 597.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.25 597.85 m 362.25 597.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.25 597.85 m 462.25 597.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.25 597.85 m 562.25 597.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 89.25 519.85 m 270.25 519.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.25 519.85 m 362.25 519.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.25 519.85 m 462.25 519.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.25 519.85 m 562.25 519.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 89.25 444.85 m 270.25 444.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.25 444.85 m 362.25 444.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.25 444.85 m 462.25 444.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.25 444.85 m 562.25 444.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.25 339.85 m 362.25 339.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.25 339.85 m 462.25 339.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.25 339.85 m 562.25 339.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 89.25 339.85 m 270.25 339.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 89.25 326.85 m 270.25 326.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.25 326.85 m 362.25 326.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.25 326.85 m 462.25 326.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.25 326.85 m 562.25 326.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 89.25 274.85 m 270.25 274.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.25 274.85 m 362.25 274.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.25 274.85 m 462.25 274.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.25 274.85 m 562.25 274.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 89.25 274.85 m 270.25 274.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 89.25 261.85 m 270.25 261.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.25 261.85 m 362.25 261.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.25 261.85 m 462.25 261.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.25 261.85 m 562.25 261.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 89.25 261.85 m 270.25 261.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 89.25 249.85000000000002 m 270.25 249.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 89.25 247.85000000000002 m 270.25 247.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.25 249.85000000000002 m 362.25 249.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.25 247.85000000000002 m 362.25 247.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.25 249.85000000000002 m 462.25 249.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.25 247.85000000000002 m 462.25 247.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.25 249.85000000000002 m 562.25 249.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.25 247.85000000000002 m 562.25 247.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 89.25 196.85000000000002 m 270.25 196.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.25 196.85000000000002 m 362.25 196.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.25 196.85000000000002 m 462.25 196.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.25 196.85000000000002 m 562.25 196.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 89.25 196.85000000000002 m 270.25 196.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 89.25 184.85000000000002 m 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515.45 587.30 Td (82,429) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 97.00 574.30 Td (Expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 103.00 561.30 Td (Operating) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.45 561.30 Td (12,254) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.95 561.30 Td (\(120) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.00 561.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 561.30 Td (12,134) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 103.00 548.30 Td (General and administrative) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.45 548.30 Td (5,741) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.95 548.30 Td (\(69) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.00 548.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 548.30 Td (5,672) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 103.00 535.30 Td (Prospective project expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.45 535.30 Td (1,730) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.00 535.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 535.30 Td (1,730) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 516.75 Td (Earnings before finance costs, income ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 106.00 507.75 Td (taxes, depreciation, amortization, other ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 106.00 498.75 Td (net revenues, share of earnings of joint ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 106.00 489.75 Td (ventures and unrealized net loss on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 106.00 480.75 Td (derivative financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.45 480.75 Td (65,079) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.45 480.75 Td (\(2,186) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.00 480.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 480.75 Td (62,893) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 467.30 Td (Finance costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.45 467.30 Td (32,743) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.95 467.30 Td (\(613) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.00 467.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 467.30 Td (32,130) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 454.30 Td (Other net revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.45 454.30 Td (\(1,426) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.00 454.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 442.95 454.30 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.45 454.30 Td (\(1,421) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 454.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 439.75 Td (Earnings before income taxes, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 106.00 430.75 Td (depreciation, amortization, share of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 106.00 421.75 Td (earnings of joint ventures and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 106.00 412.75 Td (unrealized net loss on derivative ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 106.00 403.75 Td (financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.45 403.75 Td (33,762) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.45 403.75 Td (\(1,578) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.00 403.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 403.75 Td (32,184) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 390.30 Td (Depreciation) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.45 390.30 Td (20,391) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.95 390.30 Td (\(650) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.00 390.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 390.30 Td (19,741) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 377.30 Td (Amortization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.45 377.30 Td (10,775) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.95 377.30 Td (\(336) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.00 377.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 377.30 Td (10,439) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 364.30 Td (Share of earnings of joint ventures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 344.00 364.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.95 364.30 Td (\(594) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.00 364.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.95 364.30 Td (\(594) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 364.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 350.75 Td (Unrealized net loss on derivative financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 106.00 341.75 Td (instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.45 341.75 Td (7,004) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 442.95 341.75 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 341.75 Td (7,006) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 328.30 Td (Loss before income taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.45 328.30 Td (\(4,408) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.00 328.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.00 328.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.45 328.30 Td (\(4,408) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 328.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 302.30 Td (Provision \(recovery\) for income taxes :) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 103.00 289.30 Td (Current) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 337.95 289.30 Td (950) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.00 289.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.95 289.30 Td (950) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 103.00 276.30 Td (Deferred) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.45 276.30 Td (\(1,298) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.00 276.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.00 276.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.45 276.30 Td (\(1,298) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 276.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.95 263.30 Td (\(348) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.00 263.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.00 263.30 Td () Tj 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/F3 9.00 Tf ET q 0 0 0 rg BT 103.00 198.30 Td (Non-controlling interests) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.45 198.30 Td (\(3,928) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.00 198.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.00 198.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.45 198.30 Td (\(3,928) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 198.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.45 185.30 Td (\(4,060) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.00 185.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.00 185.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.45 185.30 Td (\(4,060) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 185.30 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 160.25 Td (There ) Tj ET Q q 0 0 0 rg BT 121.01 160.25 Td (has ) Tj ET Q q 0 0 0 rg BT 138.02 160.25 Td (been ) Tj ET Q q 0 0 0 rg BT 160.54 160.25 Td (no ) Tj ET Q q 0 0 0 rg BT 173.06 160.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 202.06 160.25 Td (from ) Tj ET Q q 0 0 0 rg BT 222.56 160.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.58 160.25 Td (application ) Tj ET Q q 0 0 0 rg BT 283.11 160.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.11 160.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 316.12 160.25 Td (1) Tj ET Q q 0 0 0 rg BT 320.45 160.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 327.96 160.25 Td (to ) Tj ET Q q 0 0 0 rg BT 337.96 160.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.98 160.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 416.51 160.25 Td (income.) Tj ET Q endstream endobj 103 0 obj <> endobj 104 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 109.27 748.70 Td (T) Tj ET Q q 0 0 0 rg BT 118.76 748.70 Td (O ) Tj ET Q q 0 0 0 rg BT 135.36 748.70 Td (THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 371.54 748.70 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 490.96 748.70 Td ( ) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 729.50 Td (ST) Tj ET Q q 0 0 0 rg BT 69.85 729.50 Td (A) Tj ET Q q 0 0 0 rg BT 79.34 729.50 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 717.50 Td (\(Unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 705.50 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 51) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 95.00 666.65 Td (2.2.2 ) Tj ET Q q 0 0 0 rg BT 117.52 666.65 Td (Impact ) Tj ET Q q 0 0 0 rg BT 149.03 666.65 Td (on ) Tj ET Q q 0 0 0 rg BT 162.52 666.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 201.53 666.65 Td (position ) Tj ET Q q 0 0 0 rg BT 239.03 666.65 Td (as ) Tj ET Q q 0 0 0 rg BT 251.54 666.65 Td (at ) Tj ET Q q 0 0 0 rg BT 262.04 666.65 Td (December ) Tj ET Q q 0 0 0 rg BT 308.06 666.65 Td (31, ) Tj ET Q q 0 0 0 rg BT 323.08 666.65 Td (2012 ) Tj ET Q q 0 0 0 rg BT 345.60 666.65 Td (of ) Tj ET Q q 0 0 0 rg BT 356.59 666.65 Td (the ) Tj ET Q q 0 0 0 rg BT 372.59 666.65 Td (application ) Tj ET Q q 0 0 0 rg BT 422.60 666.65 Td (of ) Tj ET Q q 0 0 0 rg BT 433.59 666.65 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 456.60 666.65 Td (1) Tj ET Q q 0 0 0 rg BT 461.10 666.65 Td (1) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 94.50 645.35 173.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 267.50 645.35 95.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 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0 d 0 J 0 j 3 M 457.5 469.35 m 552.5 469.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 339.35 m 267.5 339.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 327.35 m 267.5 327.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 325.35 m 267.5 325.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 339.35 m 362.5 339.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 327.35 m 362.5 327.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 325.35 m 362.5 325.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 339.35 m 457.5 339.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 327.35 m 457.5 327.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 325.35 m 457.5 325.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 339.35 m 552.5 339.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 327.35 m 552.5 327.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 325.35 m 552.5 325.35 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 287.70 635.75 Td (As previously ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 297.70 626.75 Td (reported) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 367.80 626.75 Td (IFRS 11 adjustments) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 481.70 626.75 Td (As restated) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 97.00 613.30 Td (Assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 600.30 Td (Current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 587.30 Td (Cash and cash equivalents) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.45 587.30 Td (52,048) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.45 587.30 Td (\(2,552) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.00 587.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 587.30 Td (49,496) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 573.75 Td (Restricted cash and short-term ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 113.50 564.75 Td (investments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.45 564.75 Td (87,811) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.00 564.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 564.75 Td (87,811) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 551.30 Td (Accounts receivable) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.45 551.30 Td (50,786) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.95 551.30 Td (\(724) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.00 551.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 551.30 Td (50,062) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 538.30 Td (Reserve accounts) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.45 538.30 Td (1,816) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.00 538.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 538.30 Td (1,816) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 525.30 Td (Income tax receivable) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 337.95 525.30 Td (443) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.00 525.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.95 525.30 Td (443) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 512.30 Td (Derivative financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.45 512.30 Td (2,116) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.95 512.30 Td (\(423) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.00 512.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 512.30 Td (1,693) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 499.30 Td (Loans to partners) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.45 499.30 Td (23,444) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.00 499.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 499.30 Td (23,444) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 486.30 Td (Prepaid and others) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.45 486.30 Td (4,789) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.95 486.30 Td (\(74) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.00 486.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 486.30 Td (4,715) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.45 473.30 Td (223,253) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.45 473.30 Td (\(3,773) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.00 473.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.45 473.30 Td (219,480) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 447.30 Td (Reserve accounts) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.45 447.30 Td (46,933) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.45 447.30 Td (\(1,133) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.00 447.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 447.30 Td (45,800) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 434.30 Td (Property, plant and equipment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.95 434.30 Td (1,453,944) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.45 434.30 Td (\(26,832) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.00 434.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.95 434.30 Td (1,427,112) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 421.30 Td (Intangible assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.45 421.30 Td (440,498) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.45 421.30 Td (\(11,074) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.00 421.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.45 421.30 Td (429,424) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 408.30 Td (Project development costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.45 408.30 Td (107,165) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.45 408.30 Td (\(3,636) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.00 408.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.45 408.30 Td (103,529) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 395.30 Td (Investments in joint ventures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 344.00 395.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 420.45 395.30 Td (18,935) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 395.30 Td (18,935) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 382.30 Td (Derivative financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.45 382.30 Td (6,698) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.00 382.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 382.30 Td (6,698) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 369.30 Td (Deferred tax assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.45 369.30 Td (5,846) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.00 369.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 369.30 Td (5,846) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 356.30 Td (Goodwill) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.45 356.30 Td (8,269) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.00 356.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.45 356.30 Td (8,269) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 343.30 Td (Other long-term assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.45 343.30 Td (31,347) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.00 343.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 343.30 Td (31,347) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.95 330.30 Td (2,323,953) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.45 330.30 Td (\(27,513) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.00 330.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.95 330.30 Td (2,296,440) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 105 0 obj <> endobj 106 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 109.27 748.70 Td (T) Tj ET Q q 0 0 0 rg BT 118.76 748.70 Td (O ) Tj ET Q q 0 0 0 rg BT 135.36 748.70 Td (THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 371.54 748.70 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 490.96 748.70 Td ( ) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 729.50 Td (ST) Tj ET Q q 0 0 0 rg BT 69.85 729.50 Td (A) Tj ET Q q 0 0 0 rg BT 79.34 729.50 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 717.50 Td (\(Unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 705.50 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 52) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 95.00 677.45 Td (2.2.2 ) Tj ET Q q 0 0 0 rg BT 117.52 677.45 Td (Impact ) Tj ET Q q 0 0 0 rg BT 149.03 677.45 Td (on ) Tj ET Q q 0 0 0 rg BT 162.52 677.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 201.53 677.45 Td (position ) Tj ET Q q 0 0 0 rg BT 239.03 677.45 Td (as ) Tj ET Q q 0 0 0 rg BT 251.54 677.45 Td (at ) Tj ET Q q 0 0 0 rg BT 262.04 677.45 Td (December ) Tj ET Q q 0 0 0 rg BT 308.06 677.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 323.08 677.45 Td (2012 ) Tj ET Q q 0 0 0 rg BT 345.60 677.45 Td (of ) Tj ET Q q 0 0 0 rg BT 356.59 677.45 Td (the ) Tj ET Q q 0 0 0 rg BT 372.59 677.45 Td (application ) Tj ET Q q 0 0 0 rg BT 422.60 677.45 Td (of ) Tj ET Q q 0 0 0 rg BT 433.59 677.45 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 456.60 677.45 Td (1) Tj ET Q q 0 0 0 rg BT 461.10 677.45 Td (1 ) Tj ET Q q 0 0 0 rg BT 468.61 677.45 Td (\(continued\)) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 94.50 656.15 173.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 267.50 656.15 95.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 362.50 656.15 95.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 457.50 656.15 95.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 633.15 m 267.5 633.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 633.15 m 362.5 633.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 633.15 m 457.5 633.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 633.15 m 552.5 633.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 542.15 m 362.5 542.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 542.15 m 457.5 542.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 542.15 m 552.5 542.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 542.15 m 267.5 542.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 529.15 m 267.5 529.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 529.15 m 362.5 529.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 529.15 m 457.5 529.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 529.15 m 552.5 529.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 402.15 m 267.5 402.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 402.15 m 362.5 402.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 402.15 m 457.5 402.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 402.15 m 552.5 402.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 389.15 m 267.5 389.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 389.15 m 362.5 389.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 389.15 m 457.5 389.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 389.15 m 552.5 389.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 242.14999999999998 m 267.5 242.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 242.14999999999998 m 362.5 242.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 242.14999999999998 m 457.5 242.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 242.14999999999998 m 552.5 242.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 216.14999999999998 m 267.5 216.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 216.14999999999998 m 362.5 216.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 216.14999999999998 m 457.5 216.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 216.14999999999998 m 552.5 216.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 216.14999999999998 m 267.5 216.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 203.14999999999998 m 267.5 203.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 203.14999999999998 m 362.5 203.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 203.14999999999998 m 457.5 203.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 203.14999999999998 m 552.5 203.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 191.14999999999998 m 267.5 191.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 189.14999999999998 m 267.5 189.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 191.14999999999998 m 362.5 191.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 189.14999999999998 m 362.5 189.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 191.14999999999998 m 457.5 191.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 189.14999999999998 m 457.5 189.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 191.14999999999998 m 552.5 191.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 189.14999999999998 m 552.5 189.14999999999998 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 287.70 646.55 Td (As previously ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 297.70 637.55 Td (reported) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 367.80 637.55 Td (IFRS 11 adjustments) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 481.70 637.55 Td (As restated) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 97.00 624.10 Td (Liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 611.10 Td (Current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 598.10 Td (Dividends payable to shareholders) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.10 598.10 Td (14,643) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 598.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.10 598.10 Td (14,643) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 585.10 Td (Accounts payable and other payables) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.10 585.10 Td (41,337) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.60 585.10 Td (\(84) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.65 585.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.10 585.10 Td (41,253) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 572.10 Td (Income tax liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.10 572.10 Td (1,541) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 572.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.10 572.10 Td (1,541) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 559.10 Td (Derivative financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.10 559.10 Td (17,855) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.60 559.10 Td (\(657) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.65 559.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.10 559.10 Td (17,198) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 546.10 Td (Current portion of long-term debt) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.10 546.10 Td (64,452) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.60 546.10 Td (\(526) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.65 546.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.10 546.10 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Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 101.50 471.55 Td (assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.10 471.55 Td (13,063) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.60 471.55 Td (\(164) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.65 471.55 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.10 471.55 Td (12,899) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 458.10 Td (Long-term debt) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.60 458.10 Td (1,189,649) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.10 458.10 Td (\(22,867) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.65 458.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.60 458.10 Td (1,166,782) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 445.10 Td (Liability portion of convertible debentures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.10 445.10 Td (79,655) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 445.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.10 445.10 Td (79,655) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 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Tf ET q 0 0 0 rg BT 502.60 393.10 Td (1,608,508) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 97.00 367.10 Td (Shareholders equity) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 354.10 Td (Common share capital) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.10 354.10 Td (120,500) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 354.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.10 354.10 Td (120,500) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 341.10 Td (Preferred shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.10 341.10 Td (131,069) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 341.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.10 341.10 Td (131,069) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 327.55 Td (Contributed surplus from reduction of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 113.50 318.55 Td (capital on common shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.10 318.55 Td (656,281) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 318.55 Td () Tj ET Q BT /F3 9.00 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Second Quarter 2013 54) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 59.00 666.65 Td ( ) Tj ET Q q 0 0 0 rg BT 95.00 666.65 Td (2.2.3 ) Tj ET Q q 0 0 0 rg BT 117.52 666.65 Td (Impact ) Tj ET Q q 0 0 0 rg BT 149.03 666.65 Td (on ) Tj ET Q q 0 0 0 rg BT 162.52 666.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 201.53 666.65 Td (position ) Tj ET Q q 0 0 0 rg BT 239.03 666.65 Td (as ) Tj ET Q q 0 0 0 rg BT 251.54 666.65 Td (at ) Tj ET Q q 0 0 0 rg BT 262.04 666.65 Td (January ) Tj ET Q q 0 0 0 rg BT 299.06 666.65 Td (1, ) Tj ET Q q 0 0 0 rg BT 309.07 666.65 Td (2012 ) Tj ET Q q 0 0 0 rg BT 331.59 666.65 Td (of ) Tj ET Q q 0 0 0 rg BT 342.58 666.65 Td (the ) Tj ET Q q 0 0 0 rg BT 358.58 666.65 Td (application ) Tj ET Q q 0 0 0 rg BT 408.59 666.65 Td (of ) Tj ET Q q 0 0 0 rg BT 419.58 666.65 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 442.59 666.65 Td (1) Tj ET Q q 0 0 0 rg BT 447.09 666.65 Td (1 ) Tj ET Q q 0 0 0 rg BT 454.60 666.65 Td (\(continued\)) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 94.50 645.35 173.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 267.50 645.35 95.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 362.50 645.35 95.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 457.50 645.35 95.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 622.35 m 267.5 622.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 622.35 m 362.5 622.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 622.35 m 457.5 622.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 622.35 m 552.5 622.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 622.35 m 267.5 622.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 622.35 m 362.5 622.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 622.35 m 457.5 622.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 622.35 m 552.5 622.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 518.35 m 267.5 518.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 518.35 m 362.5 518.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 518.35 m 457.5 518.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 518.35 m 552.5 518.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 518.35 m 267.5 518.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 505.35 m 267.5 505.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 505.35 m 362.5 505.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 505.35 m 457.5 505.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 505.35 m 552.5 505.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 378.35 m 267.5 378.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 378.35 m 362.5 378.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 378.35 m 457.5 378.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 378.35 m 552.5 378.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 365.35 m 267.5 365.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 365.35 m 362.5 365.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 365.35 m 457.5 365.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 365.35 m 552.5 365.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 222.35000000000002 m 267.5 222.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 222.35000000000002 m 362.5 222.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 222.35000000000002 m 457.5 222.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 222.35000000000002 m 552.5 222.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 195.35000000000002 m 267.5 195.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 195.35000000000002 m 362.5 195.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 195.35000000000002 m 457.5 195.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 195.35000000000002 m 552.5 195.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 195.35000000000002 m 267.5 195.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 182.35000000000002 m 267.5 182.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 182.35000000000002 m 362.5 182.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 182.35000000000002 m 457.5 182.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 182.35000000000002 m 552.5 182.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 170.35000000000002 m 267.5 170.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 94.5 168.35000000000002 m 267.5 168.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 170.35000000000002 m 362.5 170.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 168.35000000000002 m 362.5 168.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 170.35000000000002 m 457.5 170.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 168.35000000000002 m 457.5 168.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 170.35000000000002 m 552.5 170.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 168.35000000000002 m 552.5 168.35000000000002 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 287.70 635.75 Td (As previously ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 297.70 626.75 Td (reported) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 367.80 626.75 Td (IFRS 11 adjustments) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 481.70 626.75 Td (As restated) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 97.00 613.30 Td (Liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 600.30 Td (Current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 587.30 Td (Dividends payable to shareholders) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.10 587.30 Td (12,848) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 587.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.10 587.30 Td (12,848) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 574.30 Td (Accounts payable and other payables) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.10 574.30 Td (26,616) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.60 574.30 Td (\(57) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.65 574.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.10 574.30 Td (26,559) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 561.30 Td (Income tax liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.10 561.30 Td (2,835) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 561.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.10 561.30 Td (2,835) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 548.30 Td (Derivative financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.10 548.30 Td (20,287) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.10 548.30 Td (\(1,227) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.65 548.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.10 548.30 Td (19,060) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 535.30 Td (Current portion of long-term debt) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.10 535.30 Td (19,475) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.60 535.30 Td (\(493) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.65 535.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.10 535.30 Td (18,982) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 522.30 Td (Contingent considerations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 337.60 522.30 Td (983) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 522.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.60 522.30 Td (983) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.10 509.30 Td (83,044) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.10 509.30 Td (\(1,777) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.65 509.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.10 509.30 Td (81,267) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 483.30 Td (Construction holdbacks) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.10 483.30 Td (2,081) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 483.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.10 483.30 Td (2,081) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 470.30 Td (Derivative financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.10 470.30 Td (71,158) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.10 470.30 Td (\(2,772) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.65 470.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.10 470.30 Td (68,386) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 456.75 Td (Accrual for acquisition of long-term ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 101.50 447.75 Td (assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.10 447.75 Td (41,267) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 447.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.10 447.75 Td (41,267) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 434.30 Td (Long-term debt) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.60 434.30 Td (1,030,037) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.10 434.30 Td (\(23,391) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.65 434.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.60 434.30 Td (1,006,646) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 421.30 Td (Liability portion of convertible debentures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.10 421.30 Td (79,490) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 421.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.10 421.30 Td (79,490) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 408.30 Td (Contingent considerations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.10 408.30 Td (2,904) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 408.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.10 408.30 Td (2,904) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 395.30 Td (Asset retirement obligations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.10 395.30 Td (3,858) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 395.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.10 395.30 Td (3,858) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 382.30 Td (Deferred tax liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.10 382.30 Td (140,454) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 382.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.10 382.30 Td (140,454) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.60 369.30 Td (1,454,293) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.10 369.30 Td (\(27,940) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.65 369.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.60 369.30 Td (1,426,353) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 97.00 343.30 Td (Shareholders equity) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 330.30 Td (Common share capital) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 347.60 330.30 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 330.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.60 330.30 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 317.30 Td (Preferred shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.10 317.30 Td (82,589) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 317.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.10 317.30 Td (82,589) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 303.75 Td (Contributed surplus from reduction of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 113.50 294.75 Td (capital on common shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.10 294.75 Td (656,281) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 294.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.10 294.75 Td (656,281) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 281.30 Td (Share-based payment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.10 281.30 Td (1,361) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 281.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.10 281.30 Td (1,361) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 268.30 Td (Equity portion of convertible ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 113.50 259.30 Td (debentures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.10 260.75 Td (1,340) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 260.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.10 260.75 Td (1,340) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 247.30 Td (Deficit) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.10 247.30 Td (\(277,083) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 352.65 247.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 247.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.10 247.30 Td (\(277,083) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.65 247.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 234.30 Td (Accumulated other comprehensive ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 113.50 225.30 Td (income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 337.60 226.75 Td (228) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 226.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.60 226.75 Td (228) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 212.75 Td (Equity attributable to owners) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.10 212.75 Td (464,717) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 212.75 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.10 212.75 Td (464,717) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 199.30 Td (Non-controlling interests) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.10 199.30 Td (114,399) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 199.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.10 199.30 Td (114,399) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 109.00 186.30 Td (Total shareholders equity) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.10 186.30 Td (579,116) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.65 186.30 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.10 186.30 Td (579,116) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.60 173.30 Td (2,033,409) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 417.10 173.30 Td (\(27,940) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.65 173.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 502.60 173.30 Td (2,005,469) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 111 0 obj <> endobj 112 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 109.27 748.70 Td (T) Tj ET Q q 0 0 0 rg BT 118.76 748.70 Td (O ) Tj ET Q q 0 0 0 rg BT 135.36 748.70 Td (THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 371.54 748.70 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 490.96 748.70 Td ( ) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 729.50 Td (ST) Tj ET Q q 0 0 0 rg BT 69.85 729.50 Td (A) Tj ET Q q 0 0 0 rg BT 79.34 729.50 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 717.50 Td (\(Unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 705.50 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 55) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 99.50 666.65 Td (2.2.4 ) Tj ET Q q 0 0 0 rg BT 122.01 666.65 Td (Impact ) Tj ET Q q 0 0 0 rg BT 153.52 666.65 Td (on ) Tj ET Q q 0 0 0 rg BT 167.01 666.65 Td (statement ) Tj ET Q q 0 0 0 rg BT 212.02 666.65 Td (of ) Tj ET Q q 0 0 0 rg BT 223.01 666.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 246.02 666.65 Td (flows ) Tj ET Q q 0 0 0 rg BT 271.51 666.65 Td (for ) Tj ET Q q 0 0 0 rg BT 286.00 666.65 Td (the ) Tj ET Q q 0 0 0 rg BT 302.00 666.65 Td (six-month ) Tj ET Q q 0 0 0 rg BT 347.50 666.65 Td (period ) Tj ET Q q 0 0 0 rg BT 377.49 666.65 Td (ended ) Tj ET Q q 0 0 0 rg BT 406.49 666.65 Td (June ) Tj ET Q q 0 0 0 rg BT 429.99 666.65 Td (30, ) Tj ET Q q 0 0 0 rg BT 445.00 666.65 Td (2012 ) Tj ET Q q 0 0 0 rg BT 467.52 666.65 Td (of ) Tj ET Q q 0 0 0 rg BT 478.51 666.65 Td (the ) Tj ET Q q 0 0 0 rg BT 494.50 666.65 Td (application ) Tj ET Q q 0 0 0 rg BT 544.50 666.65 Td (of ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 117.50 655.85 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 140.50 655.85 Td (1) Tj ET Q q 0 0 0 rg BT 145.01 655.85 Td (1) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 96.75 634.55 173.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 269.75 634.55 95.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 364.75 634.55 95.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 459.75 634.55 95.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 96.75 611.55 m 269.75 611.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.75 611.55 m 364.75 611.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.75 611.55 m 459.75 611.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.75 611.55 m 554.75 611.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.75 611.55 m 364.75 611.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.75 611.55 m 459.75 611.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.75 611.55 m 554.75 611.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 96.75 550.55 m 269.75 550.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.75 550.55 m 364.75 550.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.75 550.55 m 459.75 550.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.75 550.55 m 554.75 550.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 96.75 528.55 m 269.75 528.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 96.75 526.55 m 269.75 526.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.75 528.55 m 364.75 528.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.75 526.55 m 364.75 526.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.75 528.55 m 459.75 528.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.75 526.55 m 459.75 526.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.75 528.55 m 554.75 528.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.75 526.55 m 554.75 526.55 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 289.95 624.95 Td (As previously ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 299.95 615.95 Td (reported) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 370.05 615.95 Td (IFRS 11 adjustments) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 483.95 615.95 Td (As restated) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 99.25 602.50 Td (Net cash inflow from operating activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.70 602.50 Td (33,456) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.70 602.50 Td (\(1,437) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.25 602.50 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.70 602.50 Td (32,019) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 99.25 589.50 Td (Net cash inflow from financing activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.70 589.50 Td (31,367) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.20 589.50 Td (242) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.70 589.50 Td (31,609) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 99.25 576.50 Td (Net cash outflow from investing activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.70 576.50 Td (\(40,211) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.25 576.50 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.20 576.50 Td (282) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.70 576.50 Td (\(39,929) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.25 576.50 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 99.25 563.50 Td (Ef) Tj ET Q q 0 0 0 rg BT 107.59 563.50 Td (fects of exchange rate changes on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 103.75 554.50 Td (cash and cash equivalents) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.20 554.95 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.25 554.95 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.20 554.95 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 99.25 540.95 Td (Net increase in cash and cash ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 103.75 531.95 Td (equivalents) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.70 531.95 Td (24,620) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.20 531.95 Td (\(913) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.25 531.95 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.70 531.95 Td (23,707) Tj ET Q BT /F2 10.00 Tf ET BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 495.00 Td (3. ) Tj ET Q BT /F4 11.00 Tf ET q 0.2 0 0.6 rg BT 77.00 495.00 Td (SIGNIFICANT ) Tj ET Q q 0.2 0 0.6 rg BT 149.92 495.00 Td (ACCOUNTING ) Tj ET Q q 0.2 0 0.6 rg BT 227.53 495.00 Td (POLICIES) Tj ET Q BT /F4 10.00 Tf ET q 0.2 0 0.6 rg BT 77.00 472.20 Td (3.1 ) Tj ET Q q 0.2 0 0.6 rg BT 95.00 472.20 Td (Investments ) Tj ET Q q 0.2 0 0.6 rg BT 156.13 472.20 Td (in ) Tj ET Q q 0.2 0 0.6 rg BT 167.80 472.20 Td (joint ) Tj ET Q q 0.2 0 0.6 rg BT 191.68 472.20 Td (ventures) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 95.00 450.60 Td (A) Tj ET Q q 0 0 0 rg BT 100.51 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 102.64 450.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 121.29 450.60 Td (venture ) Tj ET Q q 0 0 0 rg BT 153.45 450.60 Td (is ) Tj ET Q q 0 0 0 rg BT 162.09 450.60 Td (a ) Tj ET Q q 0 0 0 rg BT 169.23 450.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 187.88 450.60 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 241.04 450.60 Td (whereby ) Tj ET Q q 0 0 0 rg BT 277.20 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 291.85 450.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 321.00 450.60 Td (that ) Tj ET Q q 0 0 0 rg BT 338.15 450.60 Td (have ) Tj ET Q q 0 0 0 rg BT 359.80 450.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 378.45 450.60 Td (control ) Tj ET Q q 0 0 0 rg BT 407.60 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 417.25 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 431.89 450.60 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 485.06 450.60 Td (have ) Tj ET Q q 0 0 0 rg BT 506.71 450.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 530.86 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 540.50 450.60 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 439.80 Td (net ) Tj ET Q q 0 0 0 rg BT 110.50 439.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 139.49 439.80 Td (of ) Tj ET Q q 0 0 0 rg BT 149.98 439.80 Td (the ) Tj ET Q q 0 0 0 rg BT 165.48 439.80 Td (joint ) Tj ET Q q 0 0 0 rg BT 184.98 439.80 Td (arrangement. ) Tj ET Q q 0 0 0 rg BT 241.49 439.80 Td (Joint ) Tj ET Q q 0 0 0 rg BT 263.49 439.80 Td (control ) Tj ET Q q 0 0 0 rg BT 293.49 439.80 Td (is ) Tj ET Q q 0 0 0 rg BT 302.97 439.80 Td (the ) Tj ET Q q 0 0 0 rg BT 318.47 439.80 Td (contractually ) Tj ET Q q 0 0 0 rg BT 371.98 439.80 Td (agreed ) Tj ET Q q 0 0 0 rg BT 402.99 439.80 Td (sharing ) Tj ET Q q 0 0 0 rg BT 435.49 439.80 Td (of ) Tj ET Q q 0 0 0 rg BT 445.98 439.80 Td (control ) Tj ET Q q 0 0 0 rg BT 475.98 439.80 Td (of ) Tj ET Q q 0 0 0 rg BT 486.47 439.80 Td (an ) Tj ET Q q 0 0 0 rg BT 499.47 439.80 Td (arrangement, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 429.00 Td (which ) Tj ET Q q 0 0 0 rg BT 119.59 429.00 Td (exists ) Tj ET Q q 0 0 0 rg BT 144.17 429.00 Td (only ) Tj ET Q q 0 0 0 rg BT 162.26 429.00 Td (when ) Tj ET Q q 0 0 0 rg BT 185.36 429.00 Td (decisions ) Tj ET Q q 0 0 0 rg BT 224.45 429.00 Td (about ) Tj ET Q q 0 0 0 rg BT 248.56 429.00 Td (the ) Tj ET Q q 0 0 0 rg BT 262.65 429.00 Td (relevant ) Tj ET Q q 0 0 0 rg BT 296.24 429.00 Td (activities ) Tj ET Q q 0 0 0 rg BT 332.33 429.00 Td (require ) Tj ET Q q 0 0 0 rg BT 361.92 429.00 Td (unanimous ) Tj ET Q q 0 0 0 rg BT 407.53 429.00 Td (consent ) Tj ET Q q 0 0 0 rg BT 440.63 429.00 Td (of ) Tj ET Q q 0 0 0 rg BT 449.72 429.00 Td (the ) Tj ET Q q 0 0 0 rg BT 463.81 429.00 Td (parties ) Tj ET Q q 0 0 0 rg BT 492.40 429.00 Td (sharing ) Tj ET Q q 0 0 0 rg BT 523.50 429.00 Td (control.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 407.40 Td (The ) Tj ET Q q 0 0 0 rg BT 113.49 407.40 Td (results ) Tj ET Q q 0 0 0 rg BT 142.98 407.40 Td (and ) Tj ET Q q 0 0 0 rg BT 160.98 407.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 189.98 407.40 Td (and ) Tj ET Q q 0 0 0 rg BT 207.98 407.40 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 244.98 407.40 Td (of ) Tj ET Q q 0 0 0 rg BT 255.47 407.40 Td ( ) Tj ET Q q 0 0 0 rg BT 258.45 407.40 Td (joint ) Tj ET Q q 0 0 0 rg BT 277.94 407.40 Td (ventures ) Tj ET Q q 0 0 0 rg BT 315.45 407.40 Td (are ) Tj ET Q q 0 0 0 rg BT 331.44 407.40 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 384.45 407.40 Td (in ) Tj ET Q q 0 0 0 rg BT 394.44 407.40 Td (these ) Tj ET Q q 0 0 0 rg BT 419.44 407.40 Td (condensed ) Tj ET Q q 0 0 0 rg BT 466.47 407.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 519.99 407.40 Td (financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 396.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 140.87 396.60 Td (using ) Tj ET Q q 0 0 0 rg BT 164.23 396.60 Td (the ) Tj ET Q q 0 0 0 rg BT 178.59 396.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 204.45 396.60 Td (method ) Tj ET Q q 0 0 0 rg BT 236.32 396.60 Td (of ) Tj ET Q q 0 0 0 rg BT 245.67 396.60 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 293.55 396.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 319.91 396.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.27 396.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 360.13 396.60 Td (method, ) Tj ET Q q 0 0 0 rg BT 394.50 396.60 Td (an ) Tj ET Q q 0 0 0 rg BT 406.36 396.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 451.72 396.60 Td (in ) Tj ET Q q 0 0 0 rg BT 460.58 396.60 Td (a ) Tj ET Q q 0 0 0 rg BT 467.43 396.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 485.79 396.60 Td (venture ) Tj ET Q q 0 0 0 rg BT 517.65 396.60 Td (is ) Tj ET Q q 0 0 0 rg BT 526.00 396.60 Td (initially ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 385.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 143.18 385.80 Td (in ) Tj ET Q q 0 0 0 rg BT 154.33 385.80 Td (the ) Tj ET Q q 0 0 0 rg BT 170.99 385.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 225.68 385.80 Td (statement ) Tj ET Q q 0 0 0 rg BT 269.35 385.80 Td (of ) Tj ET Q q 0 0 0 rg BT 281.00 385.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 318.17 385.80 Td (position ) Tj ET Q q 0 0 0 rg BT 353.34 385.80 Td (at ) Tj ET Q q 0 0 0 rg BT 365.00 385.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 385.65 385.80 Td (and ) Tj ET Q q 0 0 0 rg BT 404.82 385.80 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 442.99 385.80 Td (thereafter ) Tj ET Q q 0 0 0 rg BT 485.66 385.80 Td (to ) Tj ET Q q 0 0 0 rg BT 497.32 385.80 Td (recognize ) Tj ET Q q 0 0 0 rg BT 540.49 385.80 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 375.00 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 150.26 375.00 Td (share ) Tj ET Q q 0 0 0 rg BT 174.80 375.00 Td (of ) Tj ET Q q 0 0 0 rg BT 184.32 375.00 Td (the ) Tj ET Q q 0 0 0 rg BT 198.85 375.00 Td (profit ) Tj ET Q q 0 0 0 rg BT 220.88 375.00 Td (or ) Tj ET Q q 0 0 0 rg BT 230.90 375.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 248.93 375.00 Td (and ) Tj ET Q q 0 0 0 rg BT 265.96 375.00 Td (other ) Tj ET Q q 0 0 0 rg BT 288.50 375.00 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 351.55 375.00 Td (income ) Tj ET Q q 0 0 0 rg BT 382.58 375.00 Td (of ) Tj ET Q q 0 0 0 rg BT 392.10 375.00 Td (the ) Tj ET Q q 0 0 0 rg BT 406.63 375.00 Td (joint ) Tj ET Q q 0 0 0 rg BT 425.16 375.00 Td (venture. ) Tj ET Q q 0 0 0 rg BT 459.70 375.00 Td (When ) Tj ET Q q 0 0 0 rg BT 485.23 375.00 Td (the ) Tj ET Q q 0 0 0 rg BT 499.76 375.00 Td (Corporation's ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 364.20 Td (share ) Tj ET Q q 0 0 0 rg BT 120.43 364.20 Td (of ) Tj ET Q q 0 0 0 rg BT 130.86 364.20 Td (losses ) Tj ET Q q 0 0 0 rg BT 159.29 364.20 Td (of ) Tj ET Q q 0 0 0 rg BT 169.71 364.20 Td (a ) Tj ET Q q 0 0 0 rg BT 177.64 364.20 Td (joint ) Tj ET Q q 0 0 0 rg BT 197.07 364.20 Td (venture ) Tj ET Q q 0 0 0 rg BT 230.01 364.20 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 266.45 364.20 Td (the ) Tj ET Q q 0 0 0 rg BT 281.88 364.20 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 338.04 364.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 370.47 364.20 Td (in ) Tj ET Q q 0 0 0 rg BT 380.40 364.20 Td (that ) Tj ET Q q 0 0 0 rg BT 398.33 364.20 Td (joint ) Tj ET Q q 0 0 0 rg BT 417.76 364.20 Td (venture ) Tj ET Q q 0 0 0 rg BT 450.70 364.20 Td (\(which ) Tj ET Q q 0 0 0 rg BT 479.62 364.20 Td (includes ) Tj ET Q q 0 0 0 rg BT 515.56 364.20 Td (any ) Tj ET Q q 0 0 0 rg BT 532.99 364.20 Td (long-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 353.40 Td (term ) Tj ET Q q 0 0 0 rg BT 115.76 353.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 148.03 353.40 Td (that, ) Tj ET Q q 0 0 0 rg BT 168.29 353.40 Td (in ) Tj ET Q q 0 0 0 rg BT 178.05 353.40 Td (substance, ) Tj ET Q q 0 0 0 rg BT 224.34 353.40 Td (form ) Tj ET Q q 0 0 0 rg BT 245.09 353.40 Td (part ) Tj ET Q q 0 0 0 rg BT 263.36 353.40 Td (of ) Tj ET Q q 0 0 0 rg BT 273.62 353.40 Td (the ) Tj ET Q q 0 0 0 rg BT 288.89 353.40 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 344.89 353.40 Td (net ) Tj ET Q q 0 0 0 rg BT 360.15 353.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 406.43 353.40 Td (in ) Tj ET Q q 0 0 0 rg BT 416.19 353.40 Td (the ) Tj ET Q q 0 0 0 rg BT 431.46 353.40 Td (joint ) Tj ET Q q 0 0 0 rg BT 450.72 353.40 Td (venture\), ) Tj ET Q q 0 0 0 rg BT 489.00 353.40 Td (the ) Tj ET Q q 0 0 0 rg BT 504.26 353.40 Td (Corporation' ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 342.60 Td (discontinues ) Tj ET Q q 0 0 0 rg BT 148.72 342.60 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 198.43 342.60 Td (its ) Tj ET Q q 0 0 0 rg BT 211.12 342.60 Td (share ) Tj ET Q q 0 0 0 rg BT 237.32 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 248.51 342.60 Td (further ) Tj ET Q q 0 0 0 rg BT 278.21 342.60 Td (losses. ) Tj ET Q q 0 0 0 rg BT 309.18 342.60 Td (Additional ) Tj ET Q q 0 0 0 rg BT 352.39 342.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 381.59 342.60 Td (are ) Tj ET Q q 0 0 0 rg BT 398.29 342.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 446.00 342.60 Td (only ) Tj ET Q q 0 0 0 rg BT 466.20 342.60 Td (to ) Tj ET Q q 0 0 0 rg BT 477.39 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 493.59 342.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 521.79 342.60 Td (that ) Tj ET Q q 0 0 0 rg BT 540.49 342.60 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 331.80 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 144.53 331.80 Td (has ) Tj ET Q q 0 0 0 rg BT 161.54 331.80 Td (incurred ) Tj ET Q q 0 0 0 rg BT 196.55 331.80 Td (legal ) Tj ET Q q 0 0 0 rg BT 218.07 331.80 Td (or ) Tj ET Q q 0 0 0 rg BT 228.57 331.80 Td (constructive ) Tj ET Q q 0 0 0 rg BT 279.09 331.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 324.62 331.80 Td (or ) Tj ET Q q 0 0 0 rg BT 335.13 331.80 Td (made ) Tj ET Q q 0 0 0 rg BT 360.14 331.80 Td (payments ) Tj ET Q q 0 0 0 rg BT 401.66 331.80 Td (on ) Tj ET Q q 0 0 0 rg BT 414.17 331.80 Td (behalf ) Tj ET Q q 0 0 0 rg BT 441.19 331.80 Td (of ) Tj ET Q q 0 0 0 rg BT 451.20 331.80 Td (the ) Tj ET Q q 0 0 0 rg BT 466.21 331.80 Td (joint ) Tj ET Q q 0 0 0 rg BT 485.22 331.80 Td (venture.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 310.20 Td (An ) Tj ET Q q 0 0 0 rg BT 108.07 310.20 Td (investment ) Tj ET Q q 0 0 0 rg BT 153.66 310.20 Td (is ) Tj ET Q q 0 0 0 rg BT 162.22 310.20 Td (accounted ) Tj ET Q q 0 0 0 rg BT 205.82 310.20 Td (for ) Tj ET Q q 0 0 0 rg BT 218.39 310.20 Td (using ) Tj ET Q q 0 0 0 rg BT 241.97 310.20 Td (the ) Tj ET Q q 0 0 0 rg BT 256.55 310.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 282.63 310.20 Td (method ) Tj ET Q q 0 0 0 rg BT 314.72 310.20 Td (from ) Tj ET Q q 0 0 0 rg BT 334.78 310.20 Td (the ) Tj ET Q q 0 0 0 rg BT 349.36 310.20 Td (date ) Tj ET Q q 0 0 0 rg BT 368.94 310.20 Td (on ) Tj ET Q q 0 0 0 rg BT 381.02 310.20 Td (which ) Tj ET Q q 0 0 0 rg BT 406.10 310.20 Td (the ) Tj ET Q q 0 0 0 rg BT 420.67 310.20 Td (investee ) Tj ET Q q 0 0 0 rg BT 456.26 310.20 Td (becomes ) Tj ET Q q 0 0 0 rg BT 494.84 310.20 Td (a ) Tj ET Q q 0 0 0 rg BT 501.92 310.20 Td (joint ) Tj ET Q q 0 0 0 rg BT 520.49 310.20 Td (venture. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 299.40 Td (On ) Tj ET Q q 0 0 0 rg BT 109.80 299.40 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 155.12 299.40 Td (of ) Tj ET Q q 0 0 0 rg BT 165.42 299.40 Td (the ) Tj ET Q q 0 0 0 rg BT 180.72 299.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 227.03 299.40 Td (in ) Tj ET Q q 0 0 0 rg BT 236.83 299.40 Td (a ) Tj ET Q q 0 0 0 rg BT 244.63 299.40 Td (joint ) Tj ET Q q 0 0 0 rg BT 263.93 299.40 Td (venture, ) Tj ET Q q 0 0 0 rg BT 299.24 299.40 Td (any ) Tj ET Q q 0 0 0 rg BT 316.54 299.40 Td (excess ) Tj ET Q q 0 0 0 rg BT 347.35 299.40 Td (of ) Tj ET Q q 0 0 0 rg BT 357.65 299.40 Td (the ) Tj ET Q q 0 0 0 rg BT 372.95 299.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 392.25 299.40 Td (of ) Tj ET Q q 0 0 0 rg BT 402.55 299.40 Td (the ) Tj ET Q q 0 0 0 rg BT 417.85 299.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 464.16 299.40 Td (over ) Tj ET Q q 0 0 0 rg BT 484.46 299.40 Td (the ) Tj ET Q q 0 0 0 rg BT 499.76 299.40 Td (Corporation's ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 288.60 Td (share ) Tj ET Q q 0 0 0 rg BT 120.03 288.60 Td (of ) Tj ET Q q 0 0 0 rg BT 130.04 288.60 Td (the ) Tj ET Q q 0 0 0 rg BT 145.07 288.60 Td (net ) Tj ET Q q 0 0 0 rg BT 160.09 288.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 175.11 288.60 Td (value ) Tj ET Q q 0 0 0 rg BT 199.14 288.60 Td (of ) Tj ET Q q 0 0 0 rg BT 209.15 288.60 Td (the ) Tj ET Q q 0 0 0 rg BT 224.18 288.60 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 269.72 288.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 298.25 288.60 Td (and ) Tj ET Q q 0 0 0 rg BT 315.77 288.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 352.30 288.60 Td (of ) Tj ET Q q 0 0 0 rg BT 362.32 288.60 Td (the ) Tj ET Q q 0 0 0 rg BT 377.34 288.60 Td (investee ) Tj ET Q q 0 0 0 rg BT 413.38 288.60 Td (is ) Tj ET Q q 0 0 0 rg BT 422.39 288.60 Td ( ) Tj ET Q q 0 0 0 rg BT 424.90 288.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 471.44 288.60 Td (as ) Tj ET Q q 0 0 0 rg BT 483.46 288.60 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 521.00 288.60 Td (which ) Tj ET Q q 0 0 0 rg BT 546.52 288.60 Td (is ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 277.80 Td (included ) Tj ET Q q 0 0 0 rg BT 131.05 277.80 Td (within ) Tj ET Q q 0 0 0 rg BT 156.59 277.80 Td (the ) Tj ET Q q 0 0 0 rg BT 171.63 277.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 206.17 277.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 238.72 277.80 Td (of ) Tj ET Q q 0 0 0 rg BT 248.75 277.80 Td (the ) Tj ET Q q 0 0 0 rg BT 263.79 277.80 Td (investment. ) Tj ET Q q 0 0 0 rg BT 311.84 277.80 Td (Any ) Tj ET Q q 0 0 0 rg BT 329.88 277.80 Td (excess ) Tj ET Q q 0 0 0 rg BT 360.42 277.80 Td (of ) Tj ET Q q 0 0 0 rg BT 370.45 277.80 Td (the ) Tj ET Q q 0 0 0 rg BT 385.49 277.80 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 441.26 277.80 Td (share ) Tj ET Q q 0 0 0 rg BT 466.31 277.80 Td (of ) Tj ET Q q 0 0 0 rg BT 476.34 277.80 Td (the ) Tj ET Q q 0 0 0 rg BT 491.38 277.80 Td (net ) Tj ET Q q 0 0 0 rg BT 506.42 277.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 521.45 277.80 Td (value ) Tj ET Q q 0 0 0 rg BT 545.50 277.80 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 267.00 Td (the ) Tj ET Q q 0 0 0 rg BT 110.16 267.00 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 155.85 267.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 184.51 267.00 Td (and ) Tj ET Q q 0 0 0 rg BT 202.18 267.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 238.84 267.00 Td (over ) Tj ET Q q 0 0 0 rg BT 259.00 267.00 Td (the ) Tj ET Q q 0 0 0 rg BT 274.17 267.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 293.32 267.00 Td (of ) Tj ET Q q 0 0 0 rg BT 303.48 267.00 Td (the ) Tj ET Q q 0 0 0 rg BT 318.64 267.00 Td (investment, ) Tj ET Q q 0 0 0 rg BT 367.32 267.00 Td (after ) Tj ET Q q 0 0 0 rg BT 387.98 267.00 Td (reassessment, ) Tj ET Q q 0 0 0 rg BT 449.15 267.00 Td (is ) Tj ET Q q 0 0 0 rg BT 458.30 267.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 504.98 267.00 Td (immediately ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 256.20 Td (in ) Tj ET Q q 0 0 0 rg BT 104.51 256.20 Td (earnings ) Tj ET Q q 0 0 0 rg BT 141.53 256.20 Td (or ) Tj ET Q q 0 0 0 rg BT 152.03 256.20 Td (loss.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 234.60 Td (The ) Tj ET Q q 0 0 0 rg BT 113.11 234.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 168.23 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 178.34 234.60 Td (IAS ) Tj ET Q q 0 0 0 rg BT 195.44 234.60 Td (39 ) Tj ET Q q 0 0 0 rg BT 208.05 234.60 Td (are ) Tj ET Q q 0 0 0 rg BT 223.66 234.60 Td (applied ) Tj ET Q q 0 0 0 rg BT 255.29 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 265.39 234.60 Td (determine ) Tj ET Q q 0 0 0 rg BT 308.01 234.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 342.63 234.60 Td (it ) Tj ET Q q 0 0 0 rg BT 349.73 234.60 Td (is ) Tj ET Q q 0 0 0 rg BT 358.83 234.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 402.45 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 412.55 234.60 Td (recognize ) Tj ET Q q 0 0 0 rg BT 454.18 234.60 Td (any ) Tj ET Q q 0 0 0 rg BT 471.29 234.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 518.40 234.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 537.00 234.60 Td (with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 223.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 125.91 223.80 Td (to ) Tj ET Q q 0 0 0 rg BT 134.81 223.80 Td (the ) Tj ET Q q 0 0 0 rg BT 148.72 223.80 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 203.36 223.80 Td (investment ) Tj ET Q q 0 0 0 rg BT 248.27 223.80 Td (in ) Tj ET Q q 0 0 0 rg BT 256.67 223.80 Td (a ) Tj ET Q q 0 0 0 rg BT 263.07 223.80 Td (joint ) Tj ET Q q 0 0 0 rg BT 280.98 223.80 Td (venture. ) Tj ET Q q 0 0 0 rg BT 314.89 223.80 Td (When ) Tj ET Q q 0 0 0 rg BT 339.80 223.80 Td (necessary) Tj ET Q q 0 0 0 rg BT 380.15 223.80 Td (, ) Tj ET Q q 0 0 0 rg BT 384.05 223.80 Td (the ) Tj ET Q q 0 0 0 rg BT 397.95 223.80 Td (entire ) Tj ET Q q 0 0 0 rg BT 421.86 223.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 455.27 223.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 486.68 223.80 Td (of ) Tj ET Q q 0 0 0 rg BT 495.58 223.80 Td (the ) Tj ET Q q 0 0 0 rg BT 509.49 223.80 Td (investment ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 213.00 Td (\(including ) Tj ET Q q 0 0 0 rg BT 136.63 213.00 Td (goodwill\) ) Tj ET Q q 0 0 0 rg BT 175.25 213.00 Td (is ) Tj ET Q q 0 0 0 rg BT 184.86 213.00 Td (tested ) Tj ET Q q 0 0 0 rg BT 212.49 213.00 Td (for ) Tj ET Q q 0 0 0 rg BT 226.10 213.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 273.72 213.00 Td (in ) Tj ET Q q 0 0 0 rg BT 283.83 213.00 Td (accordance ) Tj ET Q q 0 0 0 rg BT 333.46 213.00 Td (with ) Tj ET Q q 0 0 0 rg BT 352.58 213.00 Td (IAS ) Tj ET Q q 0 0 0 rg BT 370.19 213.00 Td (36 ) Tj ET Q q 0 0 0 rg BT 383.31 213.00 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 431.43 213.00 Td (of ) Tj ET Q q 0 0 0 rg BT 441.43 213.00 Td (Assets ) Tj ET Q q 0 0 0 rg BT 471.54 213.00 Td (as ) Tj ET Q q 0 0 0 rg BT 484.15 213.00 Td (a ) Tj ET Q q 0 0 0 rg BT 492.27 213.00 Td (single ) Tj ET Q q 0 0 0 rg BT 518.89 213.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 543.51 213.00 Td (by ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 202.20 Td (comparing ) Tj ET Q q 0 0 0 rg BT 139.75 202.20 Td (its ) Tj ET Q q 0 0 0 rg BT 151.47 202.20 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 201.23 202.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 233.97 202.20 Td (\(higher ) Tj ET Q q 0 0 0 rg BT 264.71 202.20 Td (of ) Tj ET Q q 0 0 0 rg BT 274.95 202.20 Td (value ) Tj ET Q q 0 0 0 rg BT 299.19 202.20 Td (in ) Tj ET Q q 0 0 0 rg BT 308.92 202.20 Td (use ) Tj ET Q q 0 0 0 rg BT 326.16 202.20 Td (and ) Tj ET Q q 0 0 0 rg BT 343.90 202.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 359.13 202.20 Td (value ) Tj ET Q q 0 0 0 rg BT 383.37 202.20 Td (less ) Tj ET Q q 0 0 0 rg BT 402.10 202.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 425.83 202.20 Td (to ) Tj ET Q q 0 0 0 rg BT 436.07 202.20 Td (sell\) ) Tj ET Q q 0 0 0 rg BT 455.29 202.20 Td (with ) Tj ET Q q 0 0 0 rg BT 474.03 202.20 Td (its ) Tj ET Q q 0 0 0 rg BT 485.75 202.20 Td (carrying ) Tj ET Q q 0 0 0 rg BT 520.49 202.20 Td (amount. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 191.40 Td (Any ) Tj ET Q q 0 0 0 rg BT 112.88 191.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 159.76 191.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 178.13 191.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 224.53 191.40 Td (forms ) Tj ET Q q 0 0 0 rg BT 249.40 191.40 Td (part ) Tj ET Q q 0 0 0 rg BT 267.28 191.40 Td (of ) Tj ET Q q 0 0 0 rg BT 277.16 191.40 Td (the ) Tj ET Q q 0 0 0 rg BT 292.04 191.40 Td (carrying ) Tj ET Q q 0 0 0 rg BT 326.42 191.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 358.80 191.40 Td (of ) Tj ET Q q 0 0 0 rg BT 368.68 191.40 Td (the ) Tj ET Q q 0 0 0 rg BT 383.56 191.40 Td (investment. ) Tj ET Q q 0 0 0 rg BT 431.48 191.40 Td (Any ) Tj ET Q q 0 0 0 rg BT 449.36 191.40 Td (reversal ) Tj ET Q q 0 0 0 rg BT 483.74 191.40 Td (of ) Tj ET Q q 0 0 0 rg BT 493.61 191.40 Td (the ) Tj ET Q q 0 0 0 rg BT 508.49 191.40 Td (impairment ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 180.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 112.77 180.60 Td (is ) Tj ET Q q 0 0 0 rg BT 121.03 180.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 166.82 180.60 Td (in ) Tj ET Q q 0 0 0 rg BT 175.59 180.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 223.88 180.60 Td (with ) Tj ET Q q 0 0 0 rg BT 241.65 180.60 Td (IAS ) Tj ET Q q 0 0 0 rg BT 257.92 180.60 Td (36 ) Tj ET Q q 0 0 0 rg BT 269.69 180.60 Td (to ) Tj ET Q q 0 0 0 rg BT 278.96 180.60 Td (the ) Tj ET Q q 0 0 0 rg BT 293.24 180.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 319.52 180.60 Td (that ) Tj ET Q q 0 0 0 rg BT 336.29 180.60 Td (the ) Tj ET Q q 0 0 0 rg BT 350.57 180.60 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 399.36 180.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 431.14 180.60 Td (of ) Tj ET Q q 0 0 0 rg BT 440.41 180.60 Td (the ) Tj ET Q q 0 0 0 rg BT 454.68 180.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 499.96 180.60 Td (subsequently ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 169.80 Td (increases.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 148.20 Td (The ) Tj ET Q q 0 0 0 rg BT 113.21 148.20 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 162.93 148.20 Td (discontinues ) Tj ET Q q 0 0 0 rg BT 215.66 148.20 Td (the ) Tj ET Q q 0 0 0 rg BT 230.87 148.20 Td (use ) Tj ET Q q 0 0 0 rg BT 248.07 148.20 Td (of ) Tj ET Q q 0 0 0 rg BT 258.28 148.20 Td (the ) Tj ET Q q 0 0 0 rg BT 273.49 148.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 300.20 148.20 Td (method ) Tj ET Q q 0 0 0 rg BT 332.92 148.20 Td (from ) Tj ET Q q 0 0 0 rg BT 353.61 148.20 Td (the ) Tj ET Q q 0 0 0 rg BT 368.82 148.20 Td (date ) Tj ET Q q 0 0 0 rg BT 389.04 148.20 Td (when ) Tj ET Q q 0 0 0 rg BT 413.25 148.20 Td (the ) Tj ET Q q 0 0 0 rg BT 428.46 148.20 Td (investment ) Tj ET Q q 0 0 0 rg BT 474.67 148.20 Td (ceases ) Tj ET Q q 0 0 0 rg BT 505.89 148.20 Td (to ) Tj ET Q q 0 0 0 rg BT 516.09 148.20 Td (be ) Tj ET Q q 0 0 0 rg BT 528.80 148.20 Td (a ) Tj ET Q q 0 0 0 rg BT 536.50 148.20 Td (joint ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 137.40 Td (venture. ) Tj ET Q q 0 0 0 rg BT 130.28 137.40 Td (When ) Tj ET Q q 0 0 0 rg BT 156.56 137.40 Td (the ) Tj ET Q q 0 0 0 rg BT 171.83 137.40 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 221.62 137.40 Td (retains ) Tj ET Q q 0 0 0 rg BT 251.40 137.40 Td (an ) Tj ET Q q 0 0 0 rg BT 264.18 137.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 296.45 137.40 Td (in ) Tj ET Q q 0 0 0 rg BT 306.22 137.40 Td (the ) Tj ET Q q 0 0 0 rg BT 321.50 137.40 Td (former ) Tj ET Q q 0 0 0 rg BT 350.27 137.40 Td (joint ) Tj ET Q q 0 0 0 rg BT 369.54 137.40 Td (venture ) Tj ET Q q 0 0 0 rg BT 402.32 137.40 Td (and ) Tj ET Q q 0 0 0 rg BT 420.10 137.40 Td (the ) Tj ET Q q 0 0 0 rg BT 435.38 137.40 Td (retained ) Tj ET Q q 0 0 0 rg BT 470.67 137.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 502.94 137.40 Td (is ) Tj ET Q q 0 0 0 rg BT 512.21 137.40 Td (a ) Tj ET Q q 0 0 0 rg BT 519.98 137.40 Td (financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 126.60 Td (asset, ) Tj ET Q q 0 0 0 rg BT 121.82 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 137.15 126.60 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 186.99 126.60 Td (measures ) Tj ET Q q 0 0 0 rg BT 229.32 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 244.64 126.60 Td (retained ) Tj ET Q q 0 0 0 rg BT 279.98 126.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 312.30 126.60 Td (at ) Tj ET Q q 0 0 0 rg BT 322.62 126.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 337.94 126.60 Td (value ) Tj ET Q q 0 0 0 rg BT 362.27 126.60 Td (at ) Tj ET Q q 0 0 0 rg BT 372.59 126.60 Td (that ) Tj ET Q q 0 0 0 rg BT 390.41 126.60 Td (date ) Tj ET Q q 0 0 0 rg BT 410.74 126.60 Td (and ) Tj ET Q q 0 0 0 rg BT 428.57 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 443.89 126.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 459.21 126.60 Td (value ) Tj ET Q q 0 0 0 rg BT 483.54 126.60 Td (is ) Tj ET Q q 0 0 0 rg BT 492.85 126.60 Td (regarded ) Tj ET Q q 0 0 0 rg BT 531.69 126.60 Td (as ) Tj ET Q q 0 0 0 rg BT 544.01 126.60 Td (its ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 115.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 110.45 115.80 Td (value ) Tj ET Q q 0 0 0 rg BT 134.92 115.80 Td (on ) Tj ET Q q 0 0 0 rg BT 147.88 115.80 Td (initial ) Tj ET Q q 0 0 0 rg BT 171.34 115.80 Td (recognition ) Tj ET Q q 0 0 0 rg BT 218.32 115.80 Td (in ) Tj ET Q q 0 0 0 rg BT 228.28 115.80 Td (accordance ) Tj ET Q q 0 0 0 rg BT 277.76 115.80 Td (with ) Tj ET Q q 0 0 0 rg BT 296.72 115.80 Td (IAS ) Tj ET Q q 0 0 0 rg BT 314.17 115.80 Td (39. ) Tj ET Q q 0 0 0 rg BT 329.44 115.80 Td (The ) Tj ET Q q 0 0 0 rg BT 347.90 115.80 Td (dif) Tj ET Q q 0 0 0 rg BT 357.25 115.80 Td (ference ) Tj ET Q q 0 0 0 rg BT 390.22 115.80 Td (between ) Tj ET Q q 0 0 0 rg BT 427.19 115.80 Td (the ) Tj ET Q q 0 0 0 rg BT 442.66 115.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 477.62 115.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 510.59 115.80 Td (of ) Tj ET Q q 0 0 0 rg BT 521.04 115.80 Td (the ) Tj ET Q q 0 0 0 rg BT 536.51 115.80 Td (joint ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 105.00 Td (venture ) Tj ET Q q 0 0 0 rg BT 127.27 105.00 Td (at ) Tj ET Q q 0 0 0 rg BT 137.02 105.00 Td (the ) Tj ET Q q 0 0 0 rg BT 151.78 105.00 Td (date ) Tj ET Q q 0 0 0 rg BT 171.54 105.00 Td (the ) Tj ET Q q 0 0 0 rg BT 186.30 105.00 Td (equity ) Tj ET Q q 0 0 0 rg BT 212.57 105.00 Td (method ) Tj ET Q q 0 0 0 rg BT 244.83 105.00 Td (was ) Tj ET Q q 0 0 0 rg BT 263.08 105.00 Td (discontinued, ) Tj ET Q q 0 0 0 rg BT 318.37 105.00 Td (and ) Tj ET Q q 0 0 0 rg BT 335.63 105.00 Td (the ) Tj ET Q q 0 0 0 rg BT 350.39 105.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 365.14 105.00 Td (value ) Tj ET Q q 0 0 0 rg BT 388.91 105.00 Td (of ) Tj ET Q q 0 0 0 rg BT 398.66 105.00 Td (any ) Tj ET Q q 0 0 0 rg BT 415.42 105.00 Td (retained ) Tj ET Q q 0 0 0 rg BT 450.19 105.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 481.95 105.00 Td (and ) Tj ET Q q 0 0 0 rg BT 499.21 105.00 Td (any ) Tj ET Q q 0 0 0 rg BT 515.97 105.00 Td (proceeds ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 94.20 Td (from ) Tj ET Q q 0 0 0 rg BT 115.40 94.20 Td (disposing ) Tj ET Q q 0 0 0 rg BT 155.82 94.20 Td (of ) Tj ET Q q 0 0 0 rg BT 165.73 94.20 Td (a ) Tj ET Q q 0 0 0 rg BT 173.13 94.20 Td (part ) Tj ET Q q 0 0 0 rg BT 191.04 94.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 222.95 94.20 Td (in ) Tj ET Q q 0 0 0 rg BT 232.35 94.20 Td (the ) Tj ET Q q 0 0 0 rg BT 247.26 94.20 Td (joint ) Tj ET Q q 0 0 0 rg BT 266.17 94.20 Td (venture ) Tj ET Q q 0 0 0 rg BT 298.58 94.20 Td (is ) Tj ET Q q 0 0 0 rg BT 307.48 94.20 Td (included ) Tj ET Q q 0 0 0 rg BT 343.41 94.20 Td (in ) Tj ET Q q 0 0 0 rg BT 352.81 94.20 Td (the ) Tj ET Q q 0 0 0 rg BT 367.72 94.20 Td (determination ) Tj ET Q q 0 0 0 rg BT 424.65 94.20 Td (of ) Tj ET Q q 0 0 0 rg BT 434.55 94.20 Td (the ) Tj ET Q q 0 0 0 rg BT 449.46 94.20 Td (gain ) Tj ET Q q 0 0 0 rg BT 468.87 94.20 Td (or ) Tj ET Q q 0 0 0 rg BT 479.27 94.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 497.68 94.20 Td (on ) Tj ET Q q 0 0 0 rg BT 510.09 94.20 Td (disposal ) Tj ET Q q 0 0 0 rg BT 545.50 94.20 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 83.40 Td (the ) Tj ET Q q 0 0 0 rg BT 109.66 83.40 Td (joint ) Tj ET Q q 0 0 0 rg BT 128.32 83.40 Td (venture. ) Tj ET Q q 0 0 0 rg BT 162.99 83.40 Td (In ) Tj ET Q q 0 0 0 rg BT 172.65 83.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 208.82 83.40 Td (the ) Tj ET Q q 0 0 0 rg BT 223.48 83.40 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 272.66 83.40 Td (accounts ) Tj ET Q q 0 0 0 rg BT 310.83 83.40 Td (for ) Tj ET Q q 0 0 0 rg BT 323.48 83.40 Td (all ) Tj ET Q q 0 0 0 rg BT 334.64 83.40 Td (amounts ) Tj ET Q q 0 0 0 rg BT 371.31 83.40 Td (previously ) Tj ET Q q 0 0 0 rg BT 413.98 83.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 460.15 83.40 Td (in ) Tj ET Q q 0 0 0 rg BT 469.31 83.40 Td (other ) Tj ET Q q 0 0 0 rg BT 491.97 83.40 Td (comprehensive ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 72.60 Td (income ) Tj ET Q q 0 0 0 rg BT 125.74 72.60 Td (in ) Tj ET Q q 0 0 0 rg BT 134.47 72.60 Td (relation ) Tj ET Q q 0 0 0 rg BT 165.72 72.60 Td (to ) Tj ET Q q 0 0 0 rg BT 174.95 72.60 Td (that ) Tj ET Q q 0 0 0 rg BT 191.69 72.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 209.92 72.60 Td (venture ) Tj ET Q q 0 0 0 rg BT 241.67 72.60 Td (on ) Tj ET Q q 0 0 0 rg BT 253.41 72.60 Td (the ) Tj ET Q q 0 0 0 rg BT 267.64 72.60 Td (same ) Tj ET Q q 0 0 0 rg BT 291.38 72.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 314.11 72.60 Td (as ) Tj ET Q q 0 0 0 rg BT 325.35 72.60 Td (would ) Tj ET Q q 0 0 0 rg BT 350.59 72.60 Td (be ) Tj ET Q q 0 0 0 rg BT 362.33 72.60 Td (required ) Tj ET Q q 0 0 0 rg BT 397.07 72.60 Td (if ) Tj ET Q q 0 0 0 rg BT 403.30 72.60 Td (that ) Tj ET Q q 0 0 0 rg BT 420.04 72.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 438.27 72.60 Td (venture ) Tj ET Q q 0 0 0 rg BT 470.02 72.60 Td (had ) Tj ET Q q 0 0 0 rg BT 486.76 72.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 517.00 72.60 Td (disposed ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 61.80 Td (of ) Tj ET Q q 0 0 0 rg BT 105.21 61.80 Td (the ) Tj ET Q q 0 0 0 rg BT 120.42 61.80 Td (related ) Tj ET Q q 0 0 0 rg BT 150.65 61.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 179.36 61.80 Td (or ) Tj ET Q q 0 0 0 rg BT 190.06 61.80 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 229.11 61.80 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 273.33 61.80 Td (if ) Tj ET Q q 0 0 0 rg BT 280.53 61.80 Td (a ) Tj ET Q q 0 0 0 rg BT 288.24 61.80 Td (gain ) Tj ET Q q 0 0 0 rg BT 307.96 61.80 Td (or ) Tj ET Q q 0 0 0 rg BT 318.67 61.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 337.37 61.80 Td (previously ) Tj ET Q q 0 0 0 rg BT 380.59 61.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 427.33 61.80 Td (in ) Tj ET Q q 0 0 0 rg BT 437.03 61.80 Td (other ) Tj ET Q q 0 0 0 rg BT 460.25 61.80 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 523.98 61.80 Td (income ) Tj ET Q endstream endobj 113 0 obj <> endobj 114 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 109.27 748.70 Td (T) Tj ET Q q 0 0 0 rg BT 118.76 748.70 Td (O ) Tj ET Q q 0 0 0 rg BT 135.36 748.70 Td (THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 371.54 748.70 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 490.96 748.70 Td ( ) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 729.50 Td (ST) Tj ET Q q 0 0 0 rg BT 69.85 729.50 Td (A) Tj ET Q q 0 0 0 rg BT 79.34 729.50 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 717.50 Td (\(Unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 705.50 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 56) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 677.45 Td (by ) Tj ET Q q 0 0 0 rg BT 108.04 677.45 Td (that ) Tj ET Q q 0 0 0 rg BT 126.59 677.45 Td (joint ) Tj ET Q q 0 0 0 rg BT 146.64 677.45 Td (venture ) Tj ET Q q 0 0 0 rg BT 180.20 677.45 Td (would ) Tj ET Q q 0 0 0 rg BT 207.25 677.45 Td (be ) Tj ET Q q 0 0 0 rg BT 220.80 677.45 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 269.36 677.45 Td (to ) Tj ET Q q 0 0 0 rg BT 280.40 677.45 Td (profit ) Tj ET Q q 0 0 0 rg BT 303.95 677.45 Td (or ) Tj ET Q q 0 0 0 rg BT 315.49 677.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 335.03 677.45 Td (on ) Tj ET Q q 0 0 0 rg BT 348.58 677.45 Td (the ) Tj ET Q q 0 0 0 rg BT 364.63 677.45 Td (disposal ) Tj ET Q q 0 0 0 rg BT 401.19 677.45 Td (of ) Tj ET Q q 0 0 0 rg BT 412.23 677.45 Td (the ) Tj ET Q q 0 0 0 rg BT 428.28 677.45 Td (related ) Tj ET Q q 0 0 0 rg BT 459.34 677.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 488.89 677.45 Td (or ) Tj ET Q q 0 0 0 rg BT 500.43 677.45 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 540.48 677.45 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 666.65 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 144.13 666.65 Td (reclassifies ) Tj ET Q q 0 0 0 rg BT 190.74 666.65 Td (the ) Tj ET Q q 0 0 0 rg BT 205.35 666.65 Td (gain ) Tj ET Q q 0 0 0 rg BT 224.47 666.65 Td (or ) Tj ET Q q 0 0 0 rg BT 234.57 666.65 Td (loss ) Tj ET Q q 0 0 0 rg BT 252.67 666.65 Td (from ) Tj ET Q q 0 0 0 rg BT 272.77 666.65 Td (equity ) Tj ET Q q 0 0 0 rg BT 298.89 666.65 Td (to ) Tj ET Q q 0 0 0 rg BT 308.50 666.65 Td (profit ) Tj ET Q q 0 0 0 rg BT 330.60 666.65 Td (or ) Tj ET Q q 0 0 0 rg BT 340.71 666.65 Td (loss ) Tj ET Q q 0 0 0 rg BT 358.81 666.65 Td (\(as ) Tj ET Q q 0 0 0 rg BT 373.41 666.65 Td (a ) Tj ET Q q 0 0 0 rg BT 380.52 666.65 Td (reclassification ) Tj ET Q q 0 0 0 rg BT 441.64 666.65 Td (adjustment\) ) Tj ET Q q 0 0 0 rg BT 490.76 666.65 Td (when ) Tj ET Q q 0 0 0 rg BT 514.38 666.65 Td (the ) Tj ET Q q 0 0 0 rg BT 528.99 666.65 Td (equity ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 655.85 Td (method ) Tj ET Q q 0 0 0 rg BT 127.52 655.85 Td (is ) Tj ET Q q 0 0 0 rg BT 136.52 655.85 Td (discontinued.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 77.00 633.05 Td (3.2 ) Tj ET Q q 0.2 0 0.6 rg BT 93.68 633.05 Td (Investments ) Tj ET Q q 0.2 0 0.6 rg BT 154.81 633.05 Td (in ) Tj ET Q q 0.2 0 0.6 rg BT 166.48 633.05 Td (joint ) Tj ET Q q 0.2 0 0.6 rg BT 190.36 633.05 Td (operations) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 95.00 611.45 Td (A) Tj ET Q q 0 0 0 rg BT 100.51 611.45 Td ( ) Tj ET Q q 0 0 0 rg BT 103.02 611.45 Td (joint ) Tj ET Q q 0 0 0 rg BT 122.04 611.45 Td (operation ) Tj ET Q q 0 0 0 rg BT 162.08 611.45 Td (is ) Tj ET Q q 0 0 0 rg BT 171.10 611.45 Td (a ) Tj ET Q q 0 0 0 rg BT 178.61 611.45 Td (joint ) Tj ET Q q 0 0 0 rg BT 197.64 611.45 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 251.18 611.45 Td (whereby ) Tj ET Q q 0 0 0 rg BT 287.71 611.45 Td (the ) Tj ET Q q 0 0 0 rg BT 302.73 611.45 Td (parties ) Tj ET Q q 0 0 0 rg BT 332.26 611.45 Td (that ) Tj ET Q q 0 0 0 rg BT 349.78 611.45 Td (have ) Tj ET Q q 0 0 0 rg BT 371.81 611.45 Td (joint ) Tj ET Q q 0 0 0 rg BT 390.84 611.45 Td (control ) Tj ET Q q 0 0 0 rg BT 420.36 611.45 Td (of ) Tj ET Q q 0 0 0 rg BT 430.38 611.45 Td (the ) Tj ET Q q 0 0 0 rg BT 445.40 611.45 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 498.95 611.45 Td (have ) Tj ET Q q 0 0 0 rg BT 520.98 611.45 Td (rights ) Tj ET Q q 0 0 0 rg BT 545.50 611.45 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 600.65 Td (the ) Tj ET Q q 0 0 0 rg BT 110.81 600.65 Td (assets, ) Tj ET Q q 0 0 0 rg BT 142.62 600.65 Td (and ) Tj ET Q q 0 0 0 rg BT 160.93 600.65 Td (obligations ) Tj ET Q q 0 0 0 rg BT 207.26 600.65 Td (for ) Tj ET Q q 0 0 0 rg BT 221.06 600.65 Td (the ) Tj ET Q q 0 0 0 rg BT 236.87 600.65 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 276.68 600.65 Td (relating ) Tj ET Q q 0 0 0 rg BT 309.50 600.65 Td (to ) Tj ET Q q 0 0 0 rg BT 320.30 600.65 Td (the ) Tj ET Q q 0 0 0 rg BT 336.11 600.65 Td (arrangement. ) Tj ET Q q 0 0 0 rg BT 392.94 600.65 Td (Joint ) Tj ET Q q 0 0 0 rg BT 415.25 600.65 Td (control ) Tj ET Q q 0 0 0 rg BT 445.56 600.65 Td (is ) Tj ET Q q 0 0 0 rg BT 455.36 600.65 Td (the ) Tj ET Q q 0 0 0 rg BT 471.17 600.65 Td (contractually ) Tj ET Q q 0 0 0 rg BT 524.99 600.65 Td (agreed ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 589.85 Td (sharing ) Tj ET Q q 0 0 0 rg BT 126.25 589.85 Td (of ) Tj ET Q q 0 0 0 rg BT 135.49 589.85 Td (control ) Tj ET Q q 0 0 0 rg BT 164.24 589.85 Td (of ) Tj ET Q q 0 0 0 rg BT 173.48 589.85 Td (an ) Tj ET Q q 0 0 0 rg BT 185.23 589.85 Td (arrangement, ) Tj ET Q q 0 0 0 rg BT 240.49 589.85 Td (which ) Tj ET Q q 0 0 0 rg BT 265.24 589.85 Td (exists ) Tj ET Q q 0 0 0 rg BT 289.98 589.85 Td (only ) Tj ET Q q 0 0 0 rg BT 308.22 589.85 Td (when ) Tj ET Q q 0 0 0 rg BT 331.47 589.85 Td (decisions ) Tj ET Q q 0 0 0 rg BT 370.73 589.85 Td (about ) Tj ET Q q 0 0 0 rg BT 394.99 589.85 Td (the ) Tj ET Q q 0 0 0 rg BT 409.23 589.85 Td (relevant ) Tj ET Q q 0 0 0 rg BT 442.98 589.85 Td (activities ) Tj ET Q q 0 0 0 rg BT 479.23 589.85 Td (require ) Tj ET Q q 0 0 0 rg BT 508.98 589.85 Td (unanimous ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 579.05 Td (consent ) Tj ET Q q 0 0 0 rg BT 129.02 579.05 Td (of ) Tj ET Q q 0 0 0 rg BT 139.03 579.05 Td (the ) Tj ET Q q 0 0 0 rg BT 154.04 579.05 Td (parties ) Tj ET Q q 0 0 0 rg BT 183.55 579.05 Td (sharing ) Tj ET Q q 0 0 0 rg BT 215.57 579.05 Td (control.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 557.45 Td (When ) Tj ET Q q 0 0 0 rg BT 120.86 557.45 Td (the ) Tj ET Q q 0 0 0 rg BT 135.72 557.45 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 185.10 557.45 Td (undertakes ) Tj ET Q q 0 0 0 rg BT 231.98 557.45 Td (its ) Tj ET Q q 0 0 0 rg BT 243.33 557.45 Td (activities ) Tj ET Q q 0 0 0 rg BT 280.19 557.45 Td (under ) Tj ET Q q 0 0 0 rg BT 305.56 557.45 Td (joint ) Tj ET Q q 0 0 0 rg BT 324.42 557.45 Td (operations, ) Tj ET Q q 0 0 0 rg BT 371.30 557.45 Td (the ) Tj ET Q q 0 0 0 rg BT 386.16 557.45 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 435.53 557.45 Td (as ) Tj ET Q q 0 0 0 rg BT 447.39 557.45 Td (a ) Tj ET Q q 0 0 0 rg BT 454.75 557.45 Td (joint ) Tj ET Q q 0 0 0 rg BT 473.61 557.45 Td (operator ) Tj ET Q q 0 0 0 rg BT 509.48 557.45 Td (recognizes ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 546.65 Td (in ) Tj ET Q q 0 0 0 rg BT 104.51 546.65 Td (relation ) Tj ET Q q 0 0 0 rg BT 136.52 546.65 Td (to ) Tj ET Q q 0 0 0 rg BT 146.53 546.65 Td (its ) Tj ET Q q 0 0 0 rg BT 158.03 546.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 190.04 546.65 Td (in ) Tj ET Q q 0 0 0 rg BT 199.55 546.65 Td (a ) Tj ET Q q 0 0 0 rg BT 207.06 546.65 Td (joint ) Tj ET Q q 0 0 0 rg BT 226.07 546.65 Td (operation:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 525.05 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 131.00 525.05 Td (its ) Tj ET Q q 0 0 0 rg BT 142.50 525.05 Td (assets, ) Tj ET Q q 0 0 0 rg BT 173.51 525.05 Td (including ) Tj ET Q q 0 0 0 rg BT 211.54 525.05 Td (its ) Tj ET Q q 0 0 0 rg BT 223.04 525.05 Td (share ) Tj ET Q q 0 0 0 rg BT 248.05 525.05 Td (of ) Tj ET Q q 0 0 0 rg BT 258.06 525.05 Td (any ) Tj ET Q q 0 0 0 rg BT 275.07 525.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 303.58 525.05 Td (held ) Tj ET Q q 0 0 0 rg BT 323.10 525.05 Td (jointly;) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 503.45 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 131.00 503.45 Td (its ) Tj ET Q q 0 0 0 rg BT 142.50 503.45 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 181.52 503.45 Td (including ) Tj ET Q q 0 0 0 rg BT 219.54 503.45 Td (its ) Tj ET Q q 0 0 0 rg BT 231.04 503.45 Td (share ) Tj ET Q q 0 0 0 rg BT 256.06 503.45 Td (of ) Tj ET Q q 0 0 0 rg BT 266.06 503.45 Td (any ) Tj ET Q q 0 0 0 rg BT 283.07 503.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 319.59 503.45 Td (incurred ) Tj ET Q q 0 0 0 rg BT 354.60 503.45 Td (jointly;) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 481.85 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 131.00 481.85 Td (its ) Tj ET Q q 0 0 0 rg BT 142.50 481.85 Td (revenue ) Tj ET Q q 0 0 0 rg BT 177.52 481.85 Td (form ) Tj ET Q q 0 0 0 rg BT 198.03 481.85 Td (the ) Tj ET Q q 0 0 0 rg BT 213.04 481.85 Td (sale ) Tj ET Q q 0 0 0 rg BT 232.05 481.85 Td (of ) Tj ET Q q 0 0 0 rg BT 242.05 481.85 Td (its ) Tj ET Q q 0 0 0 rg BT 253.55 481.85 Td (share ) Tj ET Q q 0 0 0 rg BT 278.57 481.85 Td (of ) Tj ET Q q 0 0 0 rg BT 288.57 481.85 Td (the ) Tj ET Q q 0 0 0 rg BT 303.59 481.85 Td (output ) Tj ET Q q 0 0 0 rg BT 331.11 481.85 Td (arising ) Tj ET Q q 0 0 0 rg BT 360.12 481.85 Td (from ) Tj ET Q q 0 0 0 rg BT 380.62 481.85 Td (the ) Tj ET Q q 0 0 0 rg BT 395.63 481.85 Td (joint ) Tj ET Q q 0 0 0 rg BT 414.65 481.85 Td (operation;) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 460.25 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 131.00 460.25 Td (its ) Tj ET Q q 0 0 0 rg BT 142.50 460.25 Td (share ) Tj ET Q q 0 0 0 rg BT 167.51 460.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.52 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.53 460.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 227.56 460.25 Td (from ) Tj ET Q q 0 0 0 rg BT 248.06 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 263.07 460.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 282.08 460.25 Td (of ) Tj ET Q q 0 0 0 rg BT 292.09 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.10 460.25 Td (output ) Tj ET Q q 0 0 0 rg BT 334.62 460.25 Td (by ) Tj ET Q q 0 0 0 rg BT 346.63 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 361.64 460.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 380.65 460.25 Td (operation; ) Tj ET Q q 0 0 0 rg BT 423.18 460.25 Td (and) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 438.65 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 131.00 438.65 Td (its ) Tj ET Q q 0 0 0 rg BT 142.50 438.65 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 186.03 438.65 Td (including ) Tj ET Q q 0 0 0 rg BT 224.05 438.65 Td (its ) Tj ET Q q 0 0 0 rg BT 235.55 438.65 Td (share ) Tj ET Q q 0 0 0 rg BT 260.57 438.65 Td (of ) Tj ET Q q 0 0 0 rg BT 270.57 438.65 Td (any ) Tj ET Q q 0 0 0 rg BT 287.59 438.65 Td (expenses ) Tj ET Q q 0 0 0 rg BT 328.61 438.65 Td (incurred ) Tj ET Q q 0 0 0 rg BT 363.63 438.65 Td (jointly) Tj ET Q q 0 0 0 rg BT 385.97 438.65 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 417.05 Td (The ) Tj ET Q q 0 0 0 rg BT 112.82 417.05 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 162.15 417.05 Td (accounts ) Tj ET Q q 0 0 0 rg BT 200.48 417.05 Td (for ) Tj ET Q q 0 0 0 rg BT 213.29 417.05 Td (the ) Tj ET Q q 0 0 0 rg BT 228.11 417.05 Td (assets, ) Tj ET Q q 0 0 0 rg BT 258.93 417.05 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 297.76 417.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 337.09 417.05 Td (and ) Tj ET Q q 0 0 0 rg BT 354.41 417.05 Td (expenses ) Tj ET Q q 0 0 0 rg BT 395.25 417.05 Td (relating ) Tj ET Q q 0 0 0 rg BT 427.08 417.05 Td (to ) Tj ET Q q 0 0 0 rg BT 436.89 417.05 Td (its ) Tj ET Q q 0 0 0 rg BT 448.20 417.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 480.02 417.05 Td (in ) Tj ET Q q 0 0 0 rg BT 489.33 417.05 Td (a ) Tj ET Q q 0 0 0 rg BT 496.65 417.05 Td (joint ) Tj ET Q q 0 0 0 rg BT 515.47 417.05 Td (operation ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 104.51 406.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 153.54 406.25 Td (with ) Tj ET Q q 0 0 0 rg BT 172.04 406.25 Td (IFRSs ) Tj ET Q q 0 0 0 rg BT 199.54 406.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 242.57 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 252.58 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.59 406.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 307.11 406.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 338.12 406.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 377.13 406.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 416.66 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 434.17 406.25 Td (expenses.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 384.65 Td (When ) Tj ET Q q 0 0 0 rg BT 121.43 384.65 Td (the ) Tj ET Q q 0 0 0 rg BT 136.86 384.65 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 186.80 384.65 Td (transacts ) Tj ET Q q 0 0 0 rg BT 226.23 384.65 Td (with ) Tj ET Q q 0 0 0 rg BT 245.16 384.65 Td (a ) Tj ET Q q 0 0 0 rg BT 253.08 384.65 Td (joint ) Tj ET Q q 0 0 0 rg BT 272.51 384.65 Td (operation ) Tj ET Q q 0 0 0 rg BT 312.96 384.65 Td (in ) Tj ET Q q 0 0 0 rg BT 322.88 384.65 Td (which ) Tj ET Q q 0 0 0 rg BT 348.81 384.65 Td (a ) Tj ET Q q 0 0 0 rg BT 356.73 384.65 Td (group ) Tj ET Q q 0 0 0 rg BT 382.67 384.65 Td (entity ) Tj ET Q q 0 0 0 rg BT 407.10 384.65 Td (is ) Tj ET Q q 0 0 0 rg BT 416.51 384.65 Td (a ) Tj ET Q q 0 0 0 rg BT 424.44 384.65 Td (joint ) Tj ET Q q 0 0 0 rg BT 443.86 384.65 Td (operator ) Tj ET Q q 0 0 0 rg BT 480.30 384.65 Td (\(such ) Tj ET Q q 0 0 0 rg BT 505.23 384.65 Td (as ) Tj ET Q q 0 0 0 rg BT 517.65 384.65 Td (a ) Tj ET Q q 0 0 0 rg BT 525.58 384.65 Td (sale ) Tj ET Q q 0 0 0 rg BT 545.00 384.65 Td (or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 373.85 Td (contribution ) Tj ET Q q 0 0 0 rg BT 142.92 373.85 Td (of ) Tj ET Q q 0 0 0 rg BT 151.82 373.85 Td (assets\), ) Tj ET Q q 0 0 0 rg BT 184.72 373.85 Td (the ) Tj ET Q q 0 0 0 rg BT 198.62 373.85 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 247.03 373.85 Td (is ) Tj ET Q q 0 0 0 rg BT 254.92 373.85 Td (considered ) Tj ET Q q 0 0 0 rg BT 300.34 373.85 Td (conducting ) Tj ET Q q 0 0 0 rg BT 345.27 373.85 Td (the ) Tj ET Q q 0 0 0 rg BT 359.17 373.85 Td (transaction ) Tj ET Q q 0 0 0 rg BT 404.58 373.85 Td (with ) Tj ET Q q 0 0 0 rg BT 421.98 373.85 Td (other ) Tj ET Q q 0 0 0 rg BT 443.88 373.85 Td (parties ) Tj ET Q q 0 0 0 rg BT 472.29 373.85 Td (to ) Tj ET Q q 0 0 0 rg BT 481.18 373.85 Td (the ) Tj ET Q q 0 0 0 rg BT 495.09 373.85 Td (joint ) Tj ET Q q 0 0 0 rg BT 512.99 373.85 Td (operation, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 363.05 Td (profits ) Tj ET Q q 0 0 0 rg BT 121.12 363.05 Td (and ) Tj ET Q q 0 0 0 rg BT 137.75 363.05 Td (losses ) Tj ET Q q 0 0 0 rg BT 164.87 363.05 Td (resulting ) Tj ET Q q 0 0 0 rg BT 200.49 363.05 Td (from ) Tj ET Q q 0 0 0 rg BT 220.10 363.05 Td (the ) Tj ET Q q 0 0 0 rg BT 234.23 363.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 284.36 363.05 Td (are ) Tj ET Q q 0 0 0 rg BT 298.98 363.05 Td (recognized ) Tj ET Q q 0 0 0 rg BT 344.62 363.05 Td (in ) Tj ET Q q 0 0 0 rg BT 353.23 363.05 Td (the ) Tj ET Q q 0 0 0 rg BT 367.35 363.05 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 422.21 363.05 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 474.36 363.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 508.99 363.05 Td (statements ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 352.25 Td (only ) Tj ET Q q 0 0 0 rg BT 114.01 352.25 Td (to ) Tj ET Q q 0 0 0 rg BT 124.02 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.03 352.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 166.05 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.05 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.06 352.25 Td (other ) Tj ET Q q 0 0 0 rg BT 214.08 352.25 Td (parties' ) Tj ET Q q 0 0 0 rg BT 245.31 352.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 281.82 352.25 Td (in ) Tj ET Q q 0 0 0 rg BT 291.33 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.34 352.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 325.35 352.25 Td (operation.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 330.65 Td (When ) Tj ET Q q 0 0 0 rg BT 120.95 330.65 Td (the ) Tj ET Q q 0 0 0 rg BT 135.90 330.65 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 185.36 330.65 Td (transacts ) Tj ET Q q 0 0 0 rg BT 224.31 330.65 Td (with ) Tj ET Q q 0 0 0 rg BT 242.76 330.65 Td (a ) Tj ET Q q 0 0 0 rg BT 250.20 330.65 Td (joint ) Tj ET Q q 0 0 0 rg BT 269.15 330.65 Td (operation ) Tj ET Q q 0 0 0 rg BT 309.12 330.65 Td (in ) Tj ET Q q 0 0 0 rg BT 318.56 330.65 Td (which ) Tj ET Q q 0 0 0 rg BT 344.01 330.65 Td (a ) Tj ET Q q 0 0 0 rg BT 351.45 330.65 Td (group ) Tj ET Q q 0 0 0 rg BT 376.91 330.65 Td (entity ) Tj ET Q q 0 0 0 rg BT 400.86 330.65 Td (is ) Tj ET Q q 0 0 0 rg BT 409.79 330.65 Td (a ) Tj ET Q q 0 0 0 rg BT 417.24 330.65 Td (joint ) Tj ET Q q 0 0 0 rg BT 436.18 330.65 Td (operator ) Tj ET Q q 0 0 0 rg BT 472.14 330.65 Td (\(such ) Tj ET Q q 0 0 0 rg BT 496.59 330.65 Td (as ) Tj ET Q q 0 0 0 rg BT 508.53 330.65 Td (a ) Tj ET Q q 0 0 0 rg BT 515.98 330.65 Td (purchase ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 319.85 Td (of ) Tj ET Q q 0 0 0 rg BT 104.90 319.85 Td (assets\), ) Tj ET Q q 0 0 0 rg BT 138.80 319.85 Td (the ) Tj ET Q q 0 0 0 rg BT 153.71 319.85 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 203.13 319.85 Td (does ) Tj ET Q q 0 0 0 rg BT 225.04 319.85 Td (not ) Tj ET Q q 0 0 0 rg BT 239.94 319.85 Td (recognize ) Tj ET Q q 0 0 0 rg BT 281.36 319.85 Td (its ) Tj ET Q q 0 0 0 rg BT 292.75 319.85 Td (share ) Tj ET Q q 0 0 0 rg BT 317.66 319.85 Td (of ) Tj ET Q q 0 0 0 rg BT 327.56 319.85 Td (the ) Tj ET Q q 0 0 0 rg BT 342.47 319.85 Td (gains ) Tj ET Q q 0 0 0 rg BT 366.38 319.85 Td (ans ) Tj ET Q q 0 0 0 rg BT 383.28 319.85 Td (losses ) Tj ET Q q 0 0 0 rg BT 411.19 319.85 Td (until ) Tj ET Q q 0 0 0 rg BT 430.09 319.85 Td (it ) Tj ET Q q 0 0 0 rg BT 436.98 319.85 Td (resells ) Tj ET Q q 0 0 0 rg BT 465.39 319.85 Td (those ) Tj ET Q q 0 0 0 rg BT 489.80 319.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 518.20 319.85 Td (to ) Tj ET Q q 0 0 0 rg BT 528.10 319.85 Td (a ) Tj ET Q q 0 0 0 rg BT 535.50 319.85 Td (third ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 309.05 Td (party) Tj ET Q q 0 0 0 rg BT 114.34 309.05 Td (.) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 276.00 Td (4. ) Tj ET Q BT /F4 11.00 Tf ET q 0.2 0 0.6 rg BT 77.00 276.00 Td (OPERA) Tj ET Q q 0.2 0 0.6 rg BT 115.30 276.00 Td (TING ) Tj ET Q q 0.2 0 0.6 rg BT 144.63 276.00 Td (EXPENSES) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 77.00 265.50 195.00 -32.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 272.00 265.50 70.00 -32.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 342.00 265.50 70.00 -32.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 412.00 265.50 70.00 -32.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 482.00 265.50 70.00 -32.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 272.00 233.50 70.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 412.00 233.50 70.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 272.00 220.50 70.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 412.00 220.50 70.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 272.00 207.50 70.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 412.00 207.50 70.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 272.00 194.50 70.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 412.00 194.50 70.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 272.00 181.50 70.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 412.00 181.50 70.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 233.5 m 272 233.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 233.5 m 342 233.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 233.5 m 412 233.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 233.5 m 482 233.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 233.5 m 552 233.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 181.5 m 272 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 169.5 m 272 169.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 167.5 m 272 167.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 181.5 m 342 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 169.5 m 342 169.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 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Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 350.20 246.90 Td (period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 347.95 237.90 Td (June 30, 2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 426.20 255.90 Td (Six-month) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 420.20 246.90 Td (period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 417.95 237.90 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 496.20 255.90 Td (Six-month) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 490.20 246.90 Td (period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 487.95 237.90 Td (June 30, 2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 224.45 Td (Salaries) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.45 224.45 Td (741) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.45 224.45 Td (700) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.95 224.45 Td (1,390) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.95 224.45 Td (1,332) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.50 211.45 Td (Insurance) 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rg BT 514.48 147.40 Td (expenses ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 136.60 Td (incurred ) Tj ET Q q 0 0 0 rg BT 112.02 136.60 Td (to ) Tj ET Q q 0 0 0 rg BT 122.02 136.60 Td (generate ) Tj ET Q q 0 0 0 rg BT 160.05 136.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 200.08 136.60 Td (revenues.) 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rg BT 304.95 494.45 Td (18,826) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.95 494.45 Td (18,194) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.95 494.45 Td (31,778) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.95 494.45 Td (32,130) Tj ET Q BT /F2 10.00 Tf ET BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 458.00 Td (6. ) Tj ET Q BT /F4 11.00 Tf ET q 0.2 0 0.6 rg BT 77.00 458.00 Td (OTHER ) Tj ET Q q 0.2 0 0.6 rg BT 118.56 458.00 Td (NET ) Tj ET Q q 0.2 0 0.6 rg BT 143.61 458.00 Td (EXPENSES ) Tj ET Q q 0.2 0 0.6 rg BT 205.97 458.00 Td (\(REVENUES\)) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 77.50 447.50 195.00 -32.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 272.50 447.50 70.00 -32.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 342.50 447.50 70.00 -32.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 412.50 447.50 70.00 -32.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 482.50 447.50 70.00 -32.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 272.50 415.50 70.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 412.50 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/GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 415.5 m 342.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 415.5 m 412.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 415.5 m 482.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 415.5 m 552.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77.5 305.5 m 272.5 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 305.5 m 342.5 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 305.5 m 412.5 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 305.5 m 482.5 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 305.5 m 552.5 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77.5 293.5 m 272.5 293.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77.5 291.5 m 272.5 291.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 293.5 m 342.5 293.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 291.5 m 342.5 291.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 293.5 m 412.5 293.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 291.5 m 412.5 291.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 293.5 m 482.5 293.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 291.5 m 482.5 291.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 293.5 m 552.5 293.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 291.5 m 552.5 291.5 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 281.20 437.90 Td (Three-month) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 280.70 428.90 Td (period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 278.45 419.90 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 351.20 437.90 Td (Three-month) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 350.70 428.90 Td (period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 348.45 419.90 Td (June 30, 2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 426.70 437.90 Td (Six-month) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 420.70 428.90 Td (period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 418.45 419.90 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 496.70 437.90 Td (Six-month) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 490.70 428.90 Td (period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 488.45 419.90 Td (June 30, 2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 80.00 406.45 Td (Transaction costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.95 406.45 Td (165) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.95 406.45 Td (95) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.95 406.45 Td (276) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.95 406.45 Td (95) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 80.00 393.45 Td (Realized loss on derivative financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 89.00 384.45 Td (instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 310.45 384.90 Td (3,259) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.00 384.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.45 384.90 Td (3,259) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.00 384.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 80.00 371.45 Td (Realized loss on foreign exchange) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.95 371.45 Td (195) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.95 371.45 Td (92) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.95 371.45 Td (261) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.00 371.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 80.00 358.45 Td (Gain on contingent considerations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 358.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.00 358.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.00 358.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.95 358.45 Td (\(358) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 358.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 80.00 345.45 Td (Other net revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 314.95 345.45 Td (\(661) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.00 345.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 384.95 345.45 Td (\(239) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 403.00 345.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.45 345.45 Td (\(1,211) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.00 345.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.95 345.45 Td (\(388) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 345.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 80.00 332.45 Td (Compensation from contractor) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 332.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 384.95 332.45 Td (\(770) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 403.00 332.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.00 332.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.95 332.45 Td (\(770) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 332.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 80.00 319.20 Td (Settlement of claims received in relation with ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 89.00 310.20 Td (an acquisition) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 309.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.00 309.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.45 309.90 Td (\(2,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.00 309.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.00 309.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 310.45 296.45 Td (2,958) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 384.95 296.45 Td (\(822) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 403.00 296.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.95 296.45 Td (585) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.45 296.45 Td (\(1,421) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.00 296.45 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 260.00 Td (7. ) Tj ET Q BT /F4 11.00 Tf ET q 0.2 0 0.6 rg BT 77.00 260.00 Td (INVESTMENTS ) Tj ET Q q 0.2 0 0.6 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Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 191.00 125.65 Td (Operate an hydroelectric facility) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.20 125.65 Td (Ontario) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.45 125.65 Td (49%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 506.45 125.65 Td (49%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 97.00 103.10 Td (Viger-Denonville, L.P.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 191.00 112.10 Td (Develop, construct, own and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 195.50 103.10 Td (operate a wind farm) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.20 103.10 Td (Qubec) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.45 103.10 Td (50%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 506.45 103.10 Td (50%) Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 88.40 Td ( ) Tj ET Q q 0 0 0 rg BT 95.00 88.40 Td ( ) Tj ET Q endstream endobj 117 0 obj <> endobj 118 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 109.27 748.70 Td (T) Tj ET Q q 0 0 0 rg BT 118.76 748.70 Td (O ) Tj ET Q q 0 0 0 rg BT 135.36 748.70 Td (THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 371.54 748.70 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 490.96 748.70 Td ( ) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 729.50 Td (ST) Tj ET Q q 0 0 0 rg BT 69.85 729.50 Td (A) Tj ET Q q 0 0 0 rg BT 79.34 729.50 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 717.50 Td (\(Unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 705.50 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 58) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 666.65 Td ( ) Tj ET Q q 0 0 0 rg BT 95.00 666.65 Td (The ) Tj ET Q q 0 0 0 rg BT 112.86 666.65 Td (joint ) Tj ET Q q 0 0 0 rg BT 131.71 666.65 Td (ventures ) Tj ET Q q 0 0 0 rg BT 168.58 666.65 Td (are ) Tj ET Q q 0 0 0 rg BT 183.94 666.65 Td (accounted ) Tj ET Q q 0 0 0 rg BT 227.82 666.65 Td (for ) Tj ET Q q 0 0 0 rg BT 240.67 666.65 Td (using ) Tj ET Q q 0 0 0 rg BT 264.53 666.65 Td (the ) Tj ET Q q 0 0 0 rg BT 279.39 666.65 Td (equity ) Tj ET Q q 0 0 0 rg BT 305.75 666.65 Td (method ) Tj ET Q q 0 0 0 rg BT 338.12 666.65 Td (in ) Tj ET Q q 0 0 0 rg BT 347.47 666.65 Td (these ) Tj ET Q q 0 0 0 rg BT 371.84 666.65 Td (condensed ) Tj ET Q q 0 0 0 rg BT 418.22 666.65 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 471.11 666.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 506.47 666.65 Td (statements.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 645.05 Td (Summarized ) Tj ET Q q 0 0 0 rg BT 149.87 645.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 187.25 645.05 Td (information ) Tj ET Q q 0 0 0 rg BT 236.13 645.05 Td (in ) Tj ET Q q 0 0 0 rg BT 247.49 645.05 Td (respect ) Tj ET Q q 0 0 0 rg BT 281.36 645.05 Td (of ) Tj ET Q q 0 0 0 rg BT 293.23 645.05 Td (the ) Tj ET Q q 0 0 0 rg BT 310.09 645.05 Td (Corporation's ) Tj ET Q q 0 0 0 rg BT 367.70 645.05 Td (material ) Tj ET Q q 0 0 0 rg BT 404.06 645.05 Td (joint ) Tj ET Q q 0 0 0 rg BT 424.93 645.05 Td (ventures ) Tj ET Q q 0 0 0 rg BT 463.81 645.05 Td (is ) Tj ET Q q 0 0 0 rg BT 474.66 645.05 Td (set ) Tj ET Q q 0 0 0 rg BT 491.03 645.05 Td (out ) Tj ET Q q 0 0 0 rg BT 507.90 645.05 Td (below) Tj ET Q q 0 0 0 rg BT 530.91 645.05 Td (. ) Tj ET Q q 0 0 0 rg BT 537.49 645.05 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 634.25 Td (summarized ) Tj ET Q q 0 0 0 rg BT 145.52 634.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 180.04 634.25 Td (information ) Tj ET Q q 0 0 0 rg BT 226.07 634.25 Td (below ) Tj ET Q q 0 0 0 rg BT 251.09 634.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 295.11 634.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 331.14 634.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 358.66 634.25 Td (in ) Tj ET Q q 0 0 0 rg BT 367.17 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.18 634.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 399.20 634.25 Td (venture's ) Tj ET Q q 0 0 0 rg BT 436.94 634.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 471.46 634.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 516.99 634.25 Td (prepared ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 623.45 Td (in ) Tj ET Q q 0 0 0 rg BT 104.51 623.45 Td (accordance ) Tj ET Q q 0 0 0 rg BT 153.54 623.45 Td (with ) Tj ET Q q 0 0 0 rg BT 172.04 623.45 Td (IFRSs.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 95.00 601.85 Td (Umbata ) Tj ET Q q 0 0 0 rg BT 130.51 601.85 Td (Falls, ) Tj ET Q q 0 0 0 rg BT 156.02 601.85 Td (L.P) Tj ET Q q 0 0 0 rg BT 168.86 601.85 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 95.00 580.25 Td (Summary ) Tj ET Q q 0 0 0 rg BT 138.52 580.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 189.54 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 200.53 580.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 242.04 580.25 Td (Position) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 93.50 569.75 175.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 268.50 569.75 95.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 363.50 569.75 95.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 458.50 569.75 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 556.75 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 543.75 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 530.75 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 517.75 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 504.75 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 491.75 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 478.75 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 465.75 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 452.75 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 439.75 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 426.75 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 413.75 95.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93.5 556.75 m 268.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 556.75 m 363.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 556.75 m 458.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 556.75 m 553.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93.5 517.75 m 268.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 517.75 m 363.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 517.75 m 458.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 517.75 m 553.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93.5 439.75 m 268.5 439.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 439.75 m 363.5 439.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 439.75 m 458.5 439.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 439.75 m 553.5 439.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93.5 401.75 m 268.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93.5 399.75 m 268.5 399.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 401.75 m 363.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 399.75 m 363.5 399.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 401.75 m 458.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 399.75 m 458.5 399.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 401.75 m 553.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 399.75 m 553.5 399.75 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 96.00 560.70 Td (As at) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 286.95 560.70 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 370.95 560.70 Td (December 31, 2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 473.20 560.70 Td (January 1, 2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 96.00 534.70 Td (Cash and cash equivalents) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 331.45 534.70 Td (1,655) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.45 534.70 Td (1,254) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.95 534.70 Td (73) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 521.70 Td (Other current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 331.45 521.70 Td (1,777) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.45 521.70 Td (1,547) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.95 521.70 Td (822) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 508.70 Td (Current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 331.45 508.70 Td (3,432) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.45 508.70 Td (2,801) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.95 508.70 Td (895) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 482.70 Td (Non-current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.45 482.70 Td (77,723) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.45 482.70 Td (79,679) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 516.45 482.70 Td (83,244) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 456.70 Td (Accounts payable and other payables) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.95 456.70 Td (173) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.95 456.70 Td (155) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.95 456.70 Td (66) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 443.70 Td (Other current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 331.45 443.70 Td (2,240) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.45 443.70 Td (2,227) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.45 443.70 Td (3,512) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 430.70 Td (Current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 331.45 430.70 Td (2,413) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.45 430.70 Td (2,382) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.45 430.70 Td (3,578) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 404.70 Td (Non-current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.45 404.70 Td (49,266) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.45 404.70 Td (53,225) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 516.45 404.70 Td (53,394) Tj ET Q BT /F2 10.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 95.00 379.65 Td (Summary ) Tj ET Q q 0 0 0 rg BT 138.52 379.65 Td (Statements ) Tj ET Q q 0 0 0 rg BT 189.54 379.65 Td (of ) Tj ET Q q 0 0 0 rg BT 200.53 379.65 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 241.54 379.65 Td (and ) Tj ET Q q 0 0 0 rg BT 260.04 379.65 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 330.06 379.65 Td (Income) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 93.00 369.15 229.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 322.00 369.15 117.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 439.00 369.15 115.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 346.15 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 333.15 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 320.15 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 307.15 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 294.15 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 281.15 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 268.15 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 255.15 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 242.15 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 229.15 117.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93 346.15 m 322 346.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 346.15 m 439 346.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 346.15 m 554 346.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93 307.15 m 322 307.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 307.15 m 439 307.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 307.15 m 554 307.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93 229.14999999999998 m 322 229.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93 217.14999999999998 m 322 217.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93 215.14999999999998 m 322 215.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 229.14999999999998 m 439 229.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 217.14999999999998 m 439 217.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 215.14999999999998 m 439 215.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 229.14999999999998 m 554 229.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 217.14999999999998 m 554 217.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 215.14999999999998 m 554 215.14999999999998 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 332.20 359.55 Td (Six-month period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 351.45 350.55 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 448.20 359.55 Td (Six-month period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 467.45 350.55 Td (June 30, 2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 95.50 324.10 Td (Revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 406.95 324.10 Td (4,914) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.95 324.10 Td (4,846) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.50 311.10 Td (Operating, general and administrative expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.45 311.10 Td (367) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.45 311.10 Td (372) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 406.95 298.10 Td (4,547) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.95 298.10 Td (4,474) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.50 272.10 Td (Finance costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 406.95 272.10 Td (1,242) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.95 272.10 Td (1,256) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.50 259.10 Td (Others net revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.45 259.10 Td (\(16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.50 259.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.45 259.10 Td (\(9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.50 259.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.50 246.10 Td (Depreciation and amortization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 406.95 246.10 Td (2,013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.95 246.10 Td (2,013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.50 233.10 Td (Unrealized net gain on derivative financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 403.95 233.10 Td (\(3,418) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.50 233.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.45 233.10 Td (\(3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.50 233.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.50 220.10 Td (Net earnings and comprehensive income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 406.95 220.10 Td (4,726) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.95 220.10 Td (1,217) Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 195.05 Td (Reconciliation ) Tj ET Q q 0 0 0 rg BT 152.99 195.05 Td (of ) Tj ET Q q 0 0 0 rg BT 162.45 195.05 Td (the ) Tj ET Q q 0 0 0 rg BT 176.92 195.05 Td (above ) Tj ET Q q 0 0 0 rg BT 203.40 195.05 Td (summarized ) Tj ET Q q 0 0 0 rg BT 254.37 195.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 289.34 195.05 Td (information ) Tj ET Q q 0 0 0 rg BT 335.82 195.05 Td (to ) Tj ET Q q 0 0 0 rg BT 345.28 195.05 Td (the ) Tj ET Q q 0 0 0 rg BT 359.75 195.05 Td (carrying ) Tj ET Q q 0 0 0 rg BT 393.72 195.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 425.70 195.05 Td (of ) Tj ET Q q 0 0 0 rg BT 435.16 195.05 Td (the ) Tj ET Q q 0 0 0 rg BT 449.63 195.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 481.10 195.05 Td (in ) Tj ET Q q 0 0 0 rg BT 490.06 195.05 Td (the ) Tj ET Q q 0 0 0 rg BT 504.53 195.05 Td (joint ) Tj ET Q q 0 0 0 rg BT 523.00 195.05 Td (venture ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 184.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 141.53 184.25 Td (in ) Tj ET Q q 0 0 0 rg BT 151.03 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 166.05 184.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 219.08 184.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 254.60 184.25 Td (statements:) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 93.50 173.75 175.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 268.50 173.75 95.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 363.50 173.75 95.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 458.50 173.75 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 160.75 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 147.75 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 134.75 95.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 111.75 95.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93.5 160.75 m 268.5 160.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 160.75 m 363.5 160.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 160.75 m 458.5 160.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 160.75 m 553.5 160.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93.5 89.75 m 268.5 89.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93.5 87.75 m 268.5 87.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 89.75 m 363.5 89.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 87.75 m 363.5 87.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 89.75 m 458.5 89.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 87.75 m 458.5 87.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 89.75 m 553.5 89.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 87.75 m 553.5 87.75 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 96.00 164.70 Td (As at) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 286.95 164.70 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 370.95 164.70 Td (December 31, 2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 473.20 164.70 Td (January 1, 2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 96.00 138.70 Td (Net assets of the joint venture) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 321.40 138.70 Td (29,476) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.40 138.70 Td (26,873) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 511.40 138.70 Td (27,167) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 125.15 Td (Proportion of the Corporation's ownership ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 100.50 116.15 Td (interest in the joint venture) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.90 116.15 Td (49) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.95 116.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.90 116.15 Td (49) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.95 116.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.90 116.15 Td (49) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.95 116.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 102.15 Td (Carrying amount of the Corporation's ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 100.50 93.15 Td (interest in the joint venture) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 321.40 93.15 Td (14,443) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.40 93.15 Td (13,167) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 511.40 93.15 Td (13,311) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 119 0 obj <> endobj 120 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 109.27 748.70 Td (T) Tj ET Q q 0 0 0 rg BT 118.76 748.70 Td (O ) Tj ET Q q 0 0 0 rg BT 135.36 748.70 Td (THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 371.54 748.70 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 490.96 748.70 Td ( ) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 729.50 Td (ST) Tj ET Q q 0 0 0 rg BT 69.85 729.50 Td (A) Tj ET Q q 0 0 0 rg BT 79.34 729.50 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 717.50 Td (\(Unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 705.50 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 59) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 95.00 666.65 Td (V) Tj ET Q q 0 0 0 rg BT 100.84 666.65 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 170.85 666.65 Td (L.P) Tj ET Q q 0 0 0 rg BT 183.69 666.65 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 95.00 645.05 Td (Summary ) Tj ET Q q 0 0 0 rg BT 138.52 645.05 Td (Statements ) Tj ET Q q 0 0 0 rg BT 189.54 645.05 Td (of ) Tj ET Q q 0 0 0 rg BT 200.53 645.05 Td (Financial ) Tj ET Q q 0 0 0 rg BT 242.04 645.05 Td (Position) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 93.50 634.55 175.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 268.50 634.55 95.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 363.50 634.55 95.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 458.50 634.55 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 621.55 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 608.55 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 595.55 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 582.55 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 569.55 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 556.55 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 543.55 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 530.55 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 517.55 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 504.55 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 491.55 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 478.55 95.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93.5 621.55 m 268.5 621.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 621.55 m 363.5 621.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 621.55 m 458.5 621.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 621.55 m 553.5 621.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93.5 582.55 m 268.5 582.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 582.55 m 363.5 582.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 582.55 m 458.5 582.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 582.55 m 553.5 582.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93.5 504.55 m 268.5 504.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 504.55 m 363.5 504.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 504.55 m 458.5 504.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 504.55 m 553.5 504.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93.5 466.55 m 268.5 466.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93.5 464.55 m 268.5 464.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 466.55 m 363.5 466.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 464.55 m 363.5 464.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 466.55 m 458.5 466.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 464.55 m 458.5 464.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 466.55 m 553.5 466.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 464.55 m 553.5 464.55 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 96.00 625.50 Td (As at) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 286.95 625.50 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 370.95 625.50 Td (December 31, 2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 473.20 625.50 Td (January 1, 2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 96.00 599.50 Td (Cash and cash equivalents) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.95 599.50 Td (154) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.45 599.50 Td (3,875) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.95 599.50 Td (762) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 586.50 Td (Other current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.45 586.50 Td (10,845) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.95 586.50 Td (916) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.95 586.50 Td (59) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 573.50 Td (Current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.45 573.50 Td (10,999) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.45 573.50 Td (4,791) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.95 573.50 Td (821) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 547.50 Td (Non-current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.45 547.50 Td (31,434) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.45 547.50 Td (7,274) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.45 547.50 Td (1,603) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 521.50 Td (Accounts payable and other payables) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.95 521.50 Td (639) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.95 521.50 Td (17) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.95 521.50 Td (48) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 508.50 Td (Other current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.45 508.50 Td (13,468) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.95 508.50 Td (183) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.00 508.50 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 495.50 Td (Current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.45 495.50 Td (14,107) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.95 495.50 Td (200) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.95 495.50 Td (48) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 469.50 Td (Non-current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 331.45 469.50 Td (3,042) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.95 469.50 Td (328) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.00 469.50 Td () Tj ET Q BT /F2 10.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 95.00 444.45 Td (Summary ) Tj ET Q q 0 0 0 rg BT 138.52 444.45 Td (Statements ) Tj ET Q q 0 0 0 rg BT 189.54 444.45 Td (of ) Tj ET Q q 0 0 0 rg BT 200.53 444.45 Td (Loss ) Tj ET Q q 0 0 0 rg BT 224.04 444.45 Td (and ) Tj ET Q q 0 0 0 rg BT 242.54 444.45 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 312.56 444.45 Td (Loss) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 93.50 433.95 226.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 319.50 433.95 117.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 436.50 433.95 117.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 319.50 410.95 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 319.50 397.95 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 319.50 384.95 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 319.50 371.95 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 319.50 358.95 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 319.50 345.95 117.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 319.50 333.95 117.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 319.50 321.95 117.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 319.50 309.95 117.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 319.50 296.95 117.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93.5 410.95 m 319.5 410.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 410.95 m 436.5 410.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 410.95 m 553.5 410.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 410.95 m 436.5 410.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93.5 371.95 m 319.5 371.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 371.95 m 436.5 371.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 371.95 m 553.5 371.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93.5 296.95 m 319.5 296.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 296.95 m 436.5 296.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93.5 284.95 m 319.5 284.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93.5 282.95 m 319.5 282.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 284.95 m 436.5 284.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 282.95 m 436.5 282.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 296.95 m 553.5 296.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 284.95 m 553.5 284.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 282.95 m 553.5 282.95 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 329.70 424.35 Td (Six-month period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 348.95 415.35 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 446.70 424.35 Td (Six-month period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 465.95 415.35 Td (June 30, 2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 96.00 388.90 Td (Revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.00 388.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.00 388.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 375.90 Td (Operating, general and administrative expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.95 375.90 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.95 375.90 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.95 362.90 Td (\(4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.00 362.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.95 362.90 Td (\(5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.00 362.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 336.90 Td (Finance costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.00 336.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.00 336.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 324.90 Td (Others net revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.95 324.90 Td (\(897) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.00 324.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.00 324.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 312.90 Td (Depreciation and amortization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.95 312.90 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.00 312.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 300.90 Td (Unrealized net gain on derivative financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.45 300.90 Td (\(1,888) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.00 300.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.00 300.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 287.90 Td (Net earnings \(loss\) and comprehensive income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.45 287.90 Td (2,780) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.95 287.90 Td (\(5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 544.00 287.90 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 262.85 Td (Reconciliation ) Tj ET Q q 0 0 0 rg BT 152.99 262.85 Td (of ) Tj ET Q q 0 0 0 rg BT 162.45 262.85 Td (the ) Tj ET Q q 0 0 0 rg BT 176.92 262.85 Td (above ) Tj ET Q q 0 0 0 rg BT 203.40 262.85 Td (summarized ) Tj ET Q q 0 0 0 rg BT 254.37 262.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 289.34 262.85 Td (information ) Tj ET Q q 0 0 0 rg BT 335.82 262.85 Td (to ) Tj ET Q q 0 0 0 rg BT 345.28 262.85 Td (the ) Tj ET Q q 0 0 0 rg BT 359.75 262.85 Td (carrying ) Tj ET Q q 0 0 0 rg BT 393.72 262.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 425.70 262.85 Td (of ) Tj ET Q q 0 0 0 rg BT 435.16 262.85 Td (the ) Tj ET Q q 0 0 0 rg BT 449.63 262.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 481.10 262.85 Td (in ) Tj ET Q q 0 0 0 rg BT 490.06 262.85 Td (the ) Tj ET Q q 0 0 0 rg BT 504.53 262.85 Td (joint ) Tj ET Q q 0 0 0 rg BT 523.00 262.85 Td (venture ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 252.05 Td (recognized ) Tj ET Q q 0 0 0 rg BT 141.53 252.05 Td (in ) Tj ET Q q 0 0 0 rg BT 151.03 252.05 Td (the ) Tj ET Q q 0 0 0 rg BT 166.05 252.05 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 219.08 252.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 254.60 252.05 Td (statements:) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 93.50 241.55 175.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 268.50 241.55 95.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 363.50 241.55 95.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 458.50 241.55 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 228.55 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 215.55 95.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 202.55 95.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 268.50 179.55 95.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93.5 228.54999999999995 m 268.5 228.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 228.54999999999995 m 363.5 228.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 228.54999999999995 m 458.5 228.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 228.54999999999995 m 553.5 228.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93.5 157.54999999999995 m 268.5 157.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 93.5 155.54999999999995 m 268.5 155.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 157.54999999999995 m 363.5 157.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 155.54999999999995 m 363.5 155.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 157.54999999999995 m 458.5 157.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 155.54999999999995 m 458.5 155.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 157.54999999999995 m 553.5 157.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 155.54999999999995 m 553.5 155.54999999999995 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 96.00 232.50 Td (As at) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 286.95 232.50 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 370.95 232.50 Td (December 31, 2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 473.20 232.50 Td (January 1, 2012) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 96.00 206.50 Td (Net assets of the joint venture) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 321.40 206.50 Td (25,284) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.40 206.50 Td (11,537) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.40 206.50 Td (2,376) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 96.00 192.95 Td (Proportion of the Corporation's ownership ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 100.50 183.95 Td (interest in the joint venture) Tj ET Q BT /F3 9.00 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Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 88.50 464.50 Td (\(in 000\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 304.95 464.50 Td (94,370) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.95 464.50 Td (81,282) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.95 464.50 Td (94,142) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.95 464.50 Td (81,282) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.50 449.50 Td (Ef) Tj ET Q q 0 0 0 rg BT 87.84 449.50 Td (fect of dilutive elements on common shares ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 88.50 440.50 Td (\(in 000\) \(a\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 322.45 440.50 Td (63) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.45 440.50 Td (157) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 462.45 440.50 Td (77) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.45 440.50 Td (154) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.50 426.50 Td (Diluted weighted average number of common ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 88.50 417.50 Td (shares \(in 000\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 304.95 417.50 Td (94,433) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.95 417.50 Td (81,439) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.95 417.50 Td (94,219) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.95 417.50 Td (81,436) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.50 404.05 Td (Diluted net earnings \(loss\) per share \($\) \(b\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 314.95 404.05 Td (0.28) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.95 404.05 Td (\(0.12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 402.50 404.05 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.95 404.05 Td (0.29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.95 404.05 Td (\(0.03) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.50 404.05 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 77.00 379.00 Td (a. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 379.00 Td (During ) Tj ET Q q 0 0 0 rg BT 124.02 379.00 Td (the ) Tj ET Q q 0 0 0 rg BT 139.05 379.00 Td (three-month ) Tj ET Q q 0 0 0 rg BT 190.08 379.00 Td (period ) Tj ET Q q 0 0 0 rg BT 217.61 379.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 245.15 379.00 Td (June ) Tj ET Q q 0 0 0 rg BT 267.18 379.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 282.20 379.00 Td (2013, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.24 379.00 Td (2,073,420) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 347.27 379.00 Td ( ) Tj ET Q q 0 0 0 rg BT 349.79 379.00 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.80 379.00 Td (2,736,684) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.84 379.00 Td ( ) Tj ET Q q 0 0 0 rg BT 402.35 379.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 425.87 379.00 Td (options ) Tj ET Q q 0 0 0 rg BT 457.40 379.00 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 460.40 379.00 Td (1,034,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.44 379.00 Td ( ) Tj ET Q q 0 0 0 rg BT 502.95 379.00 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.97 379.00 Td (2,677,444) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.01 379.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 368.20 Td (as ) Tj ET Q q 0 0 0 rg BT 107.07 368.20 Td (at ) Tj ET Q q 0 0 0 rg BT 117.15 368.20 Td (June ) Tj ET Q q 0 0 0 rg BT 139.23 368.20 Td (30, ) Tj ET Q q 0 0 0 rg BT 154.31 368.20 Td (2012\) ) Tj ET Q q 0 0 0 rg BT 179.90 368.20 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 197.48 368.20 Td (7,558,684) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 237.52 368.20 Td ( ) Tj ET Q q 0 0 0 rg BT 240.09 368.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 269.67 368.20 Td (which ) Tj ET Q q 0 0 0 rg BT 295.25 368.20 Td (can ) Tj ET Q q 0 0 0 rg BT 312.32 368.20 Td (be ) Tj ET Q q 0 0 0 rg BT 324.90 368.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 353.49 368.20 Td (on ) Tj ET Q q 0 0 0 rg BT 366.06 368.20 Td (conversion ) Tj ET Q q 0 0 0 rg BT 412.16 368.20 Td (of ) Tj ET Q q 0 0 0 rg BT 422.23 368.20 Td (convertible ) Tj ET Q q 0 0 0 rg BT 468.32 368.20 Td (debentures ) Tj ET Q q 0 0 0 rg BT 515.92 368.20 Td (\(same ) Tj ET Q q 0 0 0 rg BT 543.50 368.20 Td (as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 357.40 Td (at ) Tj ET Q q 0 0 0 rg BT 105.05 357.40 Td (June ) Tj ET Q q 0 0 0 rg BT 127.11 357.40 Td (30, ) Tj ET Q q 0 0 0 rg BT 142.16 357.40 Td (2012\) ) Tj ET Q q 0 0 0 rg BT 167.73 357.40 Td (were ) Tj ET Q q 0 0 0 rg BT 189.78 357.40 Td (excluded ) Tj ET Q q 0 0 0 rg BT 228.35 357.40 Td (from ) Tj ET Q q 0 0 0 rg BT 248.89 357.40 Td (the ) Tj ET Q q 0 0 0 rg BT 263.94 357.40 Td (calculation ) Tj ET Q q 0 0 0 rg BT 309.01 357.40 Td (of ) Tj ET Q q 0 0 0 rg BT 319.06 357.40 Td (diluted ) Tj ET Q q 0 0 0 rg BT 348.13 357.40 Td (weighted ) Tj ET Q q 0 0 0 rg BT 386.70 357.40 Td (average ) Tj ET Q q 0 0 0 rg BT 421.76 357.40 Td (number ) Tj ET Q q 0 0 0 rg BT 454.82 357.40 Td (of ) Tj ET Q q 0 0 0 rg BT 464.87 357.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 494.43 357.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 543.51 357.40 Td (as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 346.60 Td (the ) Tj ET Q q 0 0 0 rg BT 110.01 346.60 Td (exercise ) Tj ET Q q 0 0 0 rg BT 146.02 346.60 Td (price ) Tj ET Q q 0 0 0 rg BT 168.03 346.60 Td (was ) Tj ET Q q 0 0 0 rg BT 186.54 346.60 Td (above ) Tj ET Q q 0 0 0 rg BT 213.56 346.60 Td (the ) Tj ET Q q 0 0 0 rg BT 228.57 346.60 Td (average ) Tj ET Q q 0 0 0 rg BT 263.60 346.60 Td (market ) Tj ET Q q 0 0 0 rg BT 293.60 346.60 Td (price ) Tj ET Q q 0 0 0 rg BT 315.61 346.60 Td (of ) Tj ET Q q 0 0 0 rg BT 325.62 346.60 Td (common ) Tj ET Q q 0 0 0 rg BT 362.63 346.60 Td (shares. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 325.00 Td ( ) Tj ET Q q 0 0 0 rg BT 95.00 325.00 Td (During ) Tj ET Q q 0 0 0 rg BT 123.87 325.00 Td (the ) Tj ET Q q 0 0 0 rg BT 138.73 325.00 Td (six-month ) Tj ET Q q 0 0 0 rg BT 180.10 325.00 Td (period ) Tj ET Q q 0 0 0 rg BT 207.47 325.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 234.85 325.00 Td (June ) Tj ET Q q 0 0 0 rg BT 256.72 325.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 271.59 325.00 Td (2013, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 296.47 325.00 Td (1,263,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 336.51 325.00 Td ( ) Tj ET Q q 0 0 0 rg BT 338.86 325.00 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.72 325.00 Td (2,736,684) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 388.76 325.00 Td ( ) Tj ET Q q 0 0 0 rg BT 391.12 325.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 414.48 325.00 Td (options ) Tj ET Q q 0 0 0 rg BT 445.85 325.00 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.85 325.00 Td (1,034,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.89 325.00 Td ( ) Tj ET Q q 0 0 0 rg BT 491.24 325.00 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.10 325.00 Td (2,677,444) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.14 325.00 Td ( ) Tj ET Q q 0 0 0 rg BT 543.50 325.00 Td (as ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 314.20 Td (at ) Tj ET Q q 0 0 0 rg BT 105.18 314.20 Td (June ) Tj ET Q q 0 0 0 rg BT 127.38 314.20 Td (30, ) Tj ET Q q 0 0 0 rg BT 142.57 314.20 Td (2012\) ) Tj ET Q q 0 0 0 rg BT 168.27 314.20 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 185.96 314.20 Td (7,558,684) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.00 314.20 Td ( ) Tj ET Q q 0 0 0 rg BT 228.68 314.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 258.37 314.20 Td (which ) Tj ET Q q 0 0 0 rg BT 284.06 314.20 Td (can ) Tj ET Q q 0 0 0 rg BT 301.25 314.20 Td (be ) Tj ET Q q 0 0 0 rg BT 313.94 314.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 342.63 314.20 Td (on ) Tj ET Q q 0 0 0 rg BT 355.32 314.20 Td (conversion ) Tj ET Q q 0 0 0 rg BT 401.52 314.20 Td (of ) Tj ET Q q 0 0 0 rg BT 411.71 314.20 Td (convertible ) Tj ET Q q 0 0 0 rg BT 457.91 314.20 Td (debentures ) Tj ET Q q 0 0 0 rg BT 505.62 314.20 Td (\(same ) Tj ET Q q 0 0 0 rg BT 533.31 314.20 Td (as ) Tj ET Q q 0 0 0 rg BT 545.49 314.20 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 303.40 Td (June ) Tj ET Q q 0 0 0 rg BT 116.77 303.40 Td (30, ) Tj ET Q q 0 0 0 rg BT 131.53 303.40 Td (2012\) ) Tj ET Q q 0 0 0 rg BT 156.79 303.40 Td (were ) Tj ET Q q 0 0 0 rg BT 178.55 303.40 Td (excluded ) Tj ET Q q 0 0 0 rg BT 216.82 303.40 Td (from ) Tj ET Q q 0 0 0 rg BT 237.07 303.40 Td (the ) Tj ET Q q 0 0 0 rg BT 251.83 303.40 Td (calculation ) Tj ET Q q 0 0 0 rg BT 296.61 303.40 Td (of ) Tj ET Q q 0 0 0 rg BT 306.36 303.40 Td (diluted ) Tj ET Q q 0 0 0 rg BT 335.13 303.40 Td (weighted ) Tj ET Q q 0 0 0 rg BT 373.41 303.40 Td (average ) Tj ET Q q 0 0 0 rg BT 408.18 303.40 Td (number ) Tj ET Q q 0 0 0 rg BT 440.95 303.40 Td (of ) Tj ET Q q 0 0 0 rg BT 450.70 303.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 479.96 303.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 528.75 303.40 Td (as ) Tj ET Q q 0 0 0 rg BT 540.51 303.40 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 292.60 Td (exercise ) Tj ET Q q 0 0 0 rg BT 131.01 292.60 Td (price ) Tj ET Q q 0 0 0 rg BT 153.02 292.60 Td (was ) Tj ET Q q 0 0 0 rg BT 171.53 292.60 Td (above ) Tj ET Q q 0 0 0 rg BT 198.55 292.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.56 292.60 Td (average ) Tj ET Q q 0 0 0 rg BT 248.58 292.60 Td (market ) Tj ET Q q 0 0 0 rg BT 278.59 292.60 Td (price ) Tj ET Q q 0 0 0 rg BT 300.60 292.60 Td (of ) Tj ET Q q 0 0 0 rg BT 310.60 292.60 Td (common ) Tj ET Q q 0 0 0 rg BT 347.62 292.60 Td (shares. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 77.00 260.20 Td (b.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 85.00 260.20 Td ( ) Tj ET Q q 0 0 0 rg BT 95.00 260.20 Td (During ) Tj ET Q q 0 0 0 rg BT 124.86 260.20 Td (the ) Tj ET Q q 0 0 0 rg BT 140.72 260.20 Td (three-month ) Tj ET Q q 0 0 0 rg BT 192.59 260.20 Td (and ) Tj ET Q q 0 0 0 rg BT 210.95 260.20 Td (six-month ) Tj ET Q q 0 0 0 rg BT 253.31 260.20 Td (periods ) Tj ET Q q 0 0 0 rg BT 286.18 260.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 314.55 260.20 Td (June ) Tj ET Q q 0 0 0 rg BT 337.42 260.20 Td (30, ) Tj ET Q q 0 0 0 rg BT 353.28 260.20 Td (2012, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.15 260.20 Td (1,643,444) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.18 260.20 Td ( ) Tj ET Q q 0 0 0 rg BT 422.53 260.20 Td (of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.38 260.20 Td (2,677,444) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.42 260.20 Td ( ) Tj ET Q q 0 0 0 rg BT 476.77 260.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 501.12 260.20 Td (options ) Tj ET Q q 0 0 0 rg BT 533.49 260.20 Td (were ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 249.40 Td (excluded ) Tj ET Q q 0 0 0 rg BT 132.87 249.40 Td (from ) Tj ET Q q 0 0 0 rg BT 152.70 249.40 Td (the ) Tj ET Q q 0 0 0 rg BT 167.05 249.40 Td (calculation ) Tj ET Q q 0 0 0 rg BT 211.42 249.40 Td (of ) Tj ET Q q 0 0 0 rg BT 220.76 249.40 Td (diluted ) Tj ET Q q 0 0 0 rg BT 249.12 249.40 Td (net ) Tj ET Q q 0 0 0 rg BT 263.47 249.40 Td (earnings ) Tj ET Q q 0 0 0 rg BT 299.84 249.40 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 323.67 249.40 Td (as ) Tj ET Q q 0 0 0 rg BT 335.02 249.40 Td (it ) Tj ET Q q 0 0 0 rg BT 341.36 249.40 Td (was ) Tj ET Q q 0 0 0 rg BT 359.20 249.40 Td (anti-dilutive ) Tj ET Q q 0 0 0 rg BT 406.56 249.40 Td (due ) Tj ET Q q 0 0 0 rg BT 423.42 249.40 Td (to ) Tj ET Q q 0 0 0 rg BT 432.76 249.40 Td (a ) Tj ET Q q 0 0 0 rg BT 439.61 249.40 Td (net ) Tj ET Q q 0 0 0 rg BT 453.96 249.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 471.80 249.40 Td (available ) Tj ET Q q 0 0 0 rg BT 509.16 249.40 Td (to ) Tj ET Q q 0 0 0 rg BT 518.51 249.40 Td (common ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 238.60 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 152.09 238.60 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 200.17 238.60 Td (Debentures ) Tj ET Q q 0 0 0 rg BT 249.25 238.60 Td (were ) Tj ET Q q 0 0 0 rg BT 271.31 238.60 Td (non-dilutive ) Tj ET Q q 0 0 0 rg BT 319.90 238.60 Td (as ) Tj ET Q q 0 0 0 rg BT 331.96 238.60 Td (the ) Tj ET Q q 0 0 0 rg BT 347.03 238.60 Td (average ) Tj ET Q q 0 0 0 rg BT 382.11 238.60 Td (market ) Tj ET Q q 0 0 0 rg BT 412.17 238.60 Td (price ) Tj ET Q q 0 0 0 rg BT 434.23 238.60 Td (of ) Tj ET Q q 0 0 0 rg BT 444.29 238.60 Td (common ) Tj ET Q q 0 0 0 rg BT 481.36 238.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 510.93 238.60 Td (was ) Tj ET Q q 0 0 0 rg BT 529.49 238.60 Td (below ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 227.80 Td (the ) Tj ET Q q 0 0 0 rg BT 110.32 227.80 Td (conversion ) Tj ET Q q 0 0 0 rg BT 156.66 227.80 Td (price. ) Tj ET Q q 0 0 0 rg BT 180.92 227.80 Td (A) Tj ET Q q 0 0 0 rg BT 186.42 227.80 Td ( ) Tj ET Q q 0 0 0 rg BT 189.23 227.80 Td (total ) Tj ET Q q 0 0 0 rg BT 209.05 227.80 Td (of ) Tj ET Q q 0 0 0 rg BT 219.37 227.80 Td (7,558,684 ) Tj ET Q q 0 0 0 rg BT 262.22 227.80 Td (common ) Tj ET Q q 0 0 0 rg BT 299.54 227.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 329.36 227.80 Td (could ) Tj ET Q q 0 0 0 rg BT 353.69 227.80 Td (potentially ) Tj ET Q q 0 0 0 rg BT 397.03 227.80 Td (have ) Tj ET Q q 0 0 0 rg BT 419.35 227.80 Td (been ) Tj ET Q q 0 0 0 rg BT 442.19 227.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 471.01 227.80 Td (on ) Tj ET Q q 0 0 0 rg BT 483.83 227.80 Td (conversion ) Tj ET Q q 0 0 0 rg BT 530.17 227.80 Td (of ) Tj ET Q q 0 0 0 rg BT 540.48 227.80 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 95.00 217.00 Td (convertible ) Tj ET Q q 0 0 0 rg BT 141.02 217.00 Td (debentures. ) Tj ET Q endstream endobj 123 0 obj <> endobj 124 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 568.70 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 109.27 568.70 Td (T) Tj ET Q q 0 0 0 rg BT 118.76 568.70 Td (O ) Tj ET Q q 0 0 0 rg BT 135.36 568.70 Td (THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 371.54 568.70 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 490.96 568.70 Td ( ST) Tj ET Q q 0 0 0 rg BT 514.66 568.70 Td (A) Tj ET Q q 0 0 0 rg BT 524.15 568.70 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 556.70 Td (\(Unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 544.70 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 284.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 61) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 514.00 Td (9. ) Tj ET Q BT /F4 11.00 Tf ET q 0.2 0 0.6 rg BT 77.00 514.00 Td (PROPERTY) Tj ET Q q 0.2 0 0.6 rg BT 136.29 514.00 Td (, ) Tj ET Q q 0.2 0 0.6 rg BT 142.40 514.00 Td (PLANT ) Tj ET Q q 0.2 0 0.6 rg BT 181.71 514.00 Td (AND ) Tj ET Q q 0.2 0 0.6 rg BT 208.60 514.00 Td (EQUIPMENT) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 75.00 503.50 179.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 254.00 503.50 66.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 320.00 503.50 71.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 391.00 503.50 71.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 462.00 503.50 67.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 529.00 503.50 68.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 597.00 503.50 66.00 -22.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 663.00 503.50 71.00 -22.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75 481.5 m 254 481.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 481.5 m 320 481.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 481.5 m 391 481.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 481.5 m 462 481.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 481.5 m 529 481.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 481.5 m 597 481.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 597 481.5 m 663 481.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 663 481.5 m 734 481.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75 416.5 m 254 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 416.5 m 320 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 416.5 m 391 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 416.5 m 462 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 416.5 m 529 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 416.5 m 597 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 597 416.5 m 663 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75 416.5 m 254 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75 403.5 m 254 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 416.5 m 320 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 403.5 m 320 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 416.5 m 391 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 403.5 m 391 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 416.5 m 462 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 403.5 m 462 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 416.5 m 529 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 403.5 m 529 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 416.5 m 597 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 403.5 m 597 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 597 416.5 m 663 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 597 403.5 m 663 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 663 416.5 m 734 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 663 403.5 m 734 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75 325.5 m 254 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 325.5 m 320 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 325.5 m 391 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 325.5 m 462 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 325.5 m 529 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 325.5 m 597 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 597 325.5 m 663 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75 325.5 m 254 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75 312.5 m 254 312.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 325.5 m 320 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 312.5 m 320 312.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 325.5 m 391 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 312.5 m 391 312.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 325.5 m 462 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 312.5 m 462 312.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 325.5 m 529 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 312.5 m 529 312.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 325.5 m 597 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 312.5 m 597 312.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 597 325.5 m 663 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 597 312.5 m 663 312.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 663 325.5 m 734 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 663 312.5 m 734 312.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75 287.5 m 254 287.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75 285.5 m 254 285.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 287.5 m 320 287.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 285.5 m 320 285.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 287.5 m 391 287.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 285.5 m 391 285.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 287.5 m 462 287.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 285.5 m 462 285.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 287.5 m 529 287.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 285.5 m 529 285.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 287.5 m 597 287.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 285.5 m 597 285.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 597 287.5 m 663 287.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 597 285.5 m 663 285.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 663 287.5 m 734 287.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 663 285.5 m 734 285.5 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 276.45 485.90 Td (Land) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 328.70 494.45 Td (Hydroelectric) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 338.95 485.45 Td (facilities) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 405.45 494.45 Td (Wind farm ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 409.95 485.45 Td (facilities) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 470.70 485.90 Td (Solar facility) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 532.20 494.45 Td (Facilities under) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 538.20 485.45 Td (construction) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 618.20 494.45 Td (Other ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 606.20 485.45 Td (equipments) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 688.45 485.90 Td (Total) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 77.50 472.45 Td (Cost) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.50 459.45 Td (As at January 1, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 281.95 459.45 Td (2,105) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.95 459.45 Td (920,369) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.95 459.45 Td (370,819) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.95 459.45 Td (124,133) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.95 459.45 Td (140,901) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 630.90 459.45 Td (6,126) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 684.40 459.45 Td (1,564,453) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.50 446.45 Td (Additions) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.45 446.45 Td (18) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.45 446.45 Td (253) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.95 446.45 Td (1,770) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 504.45 446.45 Td (100) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 559.95 446.45 Td (54,372) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 638.40 446.45 Td (385) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 696.90 446.45 Td (56,898) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.50 433.45 Td (Dispositions) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.50 433.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.50 433.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.50 433.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.50 433.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 578.50 433.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 635.40 433.45 Td (\(130) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 653.50 433.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 706.40 433.45 Td (\(130) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 724.50 433.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.50 420.45 Td (Net foreign exchange differences) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 299.45 420.45 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.45 420.45 Td (302) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.50 420.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.50 420.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 578.50 420.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 648.40 420.45 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 709.40 420.45 Td (313) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 77.50 407.45 Td (As at June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 281.95 407.45 Td (2,127) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.95 407.45 Td (920,924) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.95 407.45 Td (372,589) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.95 407.45 Td (124,233) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.95 407.45 Td (195,273) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 630.90 407.45 Td (6,388) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 684.40 407.45 Td (1,621,534) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 77.50 381.45 Td (Accumulated depreciation) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.50 368.45 Td (As at January 1, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.50 368.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.95 368.45 Td (\(83,609) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.50 368.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.95 368.45 Td (\(47,255) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.50 368.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.95 368.45 Td (\(3,965) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.50 368.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 578.50 368.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 627.90 368.45 Td (\(2,512) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 653.50 368.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 688.90 368.45 Td (\(137,341) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 724.50 368.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.50 355.45 Td (Depreciation) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.50 355.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.95 355.45 Td (\(11,562) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.50 355.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.95 355.45 Td (\(8,780) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.50 355.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.95 355.45 Td (\(2,974) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.50 355.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 578.50 355.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 635.40 355.45 Td (\(692) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 653.50 355.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 693.90 355.45 Td (\(24,008) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 724.50 355.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.50 342.45 Td (Dispositions) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.50 342.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.50 342.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.50 342.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.50 342.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 578.50 342.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 643.40 342.45 Td (87) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 714.40 342.45 Td (87) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.50 329.45 Td (Net foreign exchange differences) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.50 329.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.45 329.45 Td (\(89) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.50 329.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.50 329.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.50 329.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 578.50 329.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 645.40 329.45 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 653.50 329.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 711.40 329.45 Td (\(91) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 724.50 329.45 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 77.50 316.45 Td (As at June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.50 316.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.95 316.45 Td (\(95,260) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.50 316.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.95 316.45 Td (\(56,035) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.50 316.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.95 316.45 Td (\(6,939) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.50 316.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 578.50 316.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 627.90 316.45 Td (\(3,119) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 653.50 316.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 688.90 316.45 Td (\(161,353) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 724.50 316.45 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 77.50 290.45 Td (Net value as at June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 281.95 290.45 Td (2,127) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.95 290.45 Td (825,664) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.95 290.45 Td (316,554) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.95 290.45 Td (117,294) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 554.95 290.45 Td (195,273) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 630.90 290.45 Td (3,269) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 684.40 290.45 Td (1,460,181) Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 265.40 Td (All ) Tj ET Q q 0 0 0 rg BT 89.50 265.40 Td (of ) Tj ET Q q 0 0 0 rg BT 99.51 265.40 Td (the ) Tj ET Q q 0 0 0 rg BT 114.52 265.40 Td (property) Tj ET Q q 0 0 0 rg BT 146.87 265.40 Td (, ) Tj ET Q q 0 0 0 rg BT 151.87 265.40 Td (plant ) Tj ET Q q 0 0 0 rg BT 173.89 265.40 Td (and ) Tj ET Q q 0 0 0 rg BT 191.40 265.40 Td (equipment ) Tj ET Q q 0 0 0 rg BT 235.93 265.40 Td (are ) Tj ET Q q 0 0 0 rg BT 251.44 265.40 Td (given ) Tj ET Q q 0 0 0 rg BT 275.46 265.40 Td (as ) Tj ET Q q 0 0 0 rg BT 287.46 265.40 Td (securities ) Tj ET Q q 0 0 0 rg BT 327.98 265.40 Td (under ) Tj ET Q q 0 0 0 rg BT 353.50 265.40 Td (the ) Tj ET Q q 0 0 0 rg BT 368.51 265.40 Td (respective ) Tj ET Q q 0 0 0 rg BT 412.03 265.40 Td (project ) Tj ET Q q 0 0 0 rg BT 441.54 265.40 Td (financing ) Tj ET Q q 0 0 0 rg BT 480.07 265.40 Td (or ) Tj ET Q q 0 0 0 rg BT 490.57 265.40 Td (for ) Tj ET Q q 0 0 0 rg BT 503.57 265.40 Td (the ) Tj ET Q q 0 0 0 rg BT 518.58 265.40 Td (corporate ) Tj ET Q q 0 0 0 rg BT 559.11 265.40 Td (financing.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 243.80 Td (Property) Tj ET Q q 0 0 0 rg BT 110.35 243.80 Td (, ) Tj ET Q q 0 0 0 rg BT 115.04 243.80 Td (plant ) Tj ET Q q 0 0 0 rg BT 136.75 243.80 Td (and ) Tj ET Q q 0 0 0 rg BT 153.96 243.80 Td (equipment ) Tj ET Q q 0 0 0 rg BT 198.18 243.80 Td (includes ) Tj ET Q q 0 0 0 rg BT 233.39 243.80 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 278.11 243.80 Td (financing ) Tj ET Q q 0 0 0 rg BT 316.33 243.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 339.53 243.80 Td (of ) Tj ET Q q 0 0 0 rg BT 349.23 243.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.23 243.80 Td (17,210) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.76 243.80 Td ( ) Tj ET Q q 0 0 0 rg BT 383.95 243.80 Td (as ) Tj ET Q q 0 0 0 rg BT 395.65 243.80 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.35 243.80 Td (June30, ) Tj ET Q q 0 0 0 rg BT 442.07 243.80 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 462.09 243.80 Td ( ) Tj ET Q q 0 0 0 rg BT 464.29 243.80 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 467.28 243.80 Td ($1) Tj ET Q q 0 0 0 rg BT 476.63 243.80 Td (1,440) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.15 243.80 Td ( ) Tj ET Q q 0 0 0 rg BT 501.34 243.80 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 511.04 243.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 569.76 243.80 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 589.78 243.80 Td (\) ) Tj ET Q q 0 0 0 rg BT 594.97 243.80 Td (incurred ) Tj ET Q q 0 0 0 rg BT 629.68 243.80 Td (prior ) Tj ET Q q 0 0 0 rg BT 649.88 243.80 Td (to ) Tj ET Q q 0 0 0 rg BT 659.57 243.80 Td (their ) Tj ET Q q 0 0 0 rg BT 679.27 243.80 Td (intended ) Tj ET Q q 0 0 0 rg BT 716.00 243.80 Td (use.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 222.20 Td (The ) Tj ET Q q 0 0 0 rg BT 94.94 222.20 Td (financing ) Tj ET Q q 0 0 0 rg BT 133.39 222.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 156.83 222.20 Td (related ) Tj ET Q q 0 0 0 rg BT 186.78 222.20 Td (to ) Tj ET Q q 0 0 0 rg BT 196.71 222.20 Td (a ) Tj ET Q q 0 0 0 rg BT 204.15 222.20 Td (specific ) Tj ET Q q 0 0 0 rg BT 236.59 222.20 Td (project ) Tj ET Q q 0 0 0 rg BT 266.03 222.20 Td (financing ) Tj ET Q q 0 0 0 rg BT 304.49 222.20 Td (are ) Tj ET Q q 0 0 0 rg BT 319.92 222.20 Td (entirely ) Tj ET Q q 0 0 0 rg BT 351.37 222.20 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 396.32 222.20 Td (to ) Tj ET Q q 0 0 0 rg BT 406.26 222.20 Td (the ) Tj ET Q q 0 0 0 rg BT 421.20 222.20 Td (specific ) Tj ET Q q 0 0 0 rg BT 453.64 222.20 Td (property) Tj ET Q q 0 0 0 rg BT 485.99 222.20 Td (, ) Tj ET Q q 0 0 0 rg BT 490.92 222.20 Td (plant ) Tj ET Q q 0 0 0 rg BT 512.86 222.20 Td (and ) Tj ET Q q 0 0 0 rg BT 530.31 222.20 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 577.27 222.20 Td (Financing ) Tj ET Q q 0 0 0 rg BT 618.72 222.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 642.16 222.20 Td (related ) Tj ET Q q 0 0 0 rg BT 672.11 222.20 Td (to ) Tj ET Q q 0 0 0 rg BT 682.04 222.20 Td (the ) Tj ET Q q 0 0 0 rg BT 696.98 222.20 Td (revolving ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 211.40 Td (term ) Tj ET Q q 0 0 0 rg BT 97.50 211.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 122.01 211.40 Td (facility ) Tj ET Q q 0 0 0 rg BT 149.51 211.40 Td (are ) Tj ET Q q 0 0 0 rg BT 165.02 211.40 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 210.05 211.40 Td (for ) Tj ET Q q 0 0 0 rg BT 223.05 211.40 Td (the ) Tj ET Q q 0 0 0 rg BT 238.06 211.40 Td (portion ) Tj ET Q q 0 0 0 rg BT 268.08 211.40 Td (of ) Tj ET Q q 0 0 0 rg BT 278.09 211.40 Td (the ) Tj ET Q q 0 0 0 rg BT 293.10 211.40 Td (financing ) Tj ET Q q 0 0 0 rg BT 331.63 211.40 Td (actually ) Tj ET Q q 0 0 0 rg BT 364.64 211.40 Td (used ) Tj ET Q q 0 0 0 rg BT 386.66 211.40 Td (for ) Tj ET Q q 0 0 0 rg BT 399.66 211.40 Td (a ) Tj ET Q q 0 0 0 rg BT 407.17 211.40 Td (specific ) Tj ET Q q 0 0 0 rg BT 439.68 211.40 Td (property) Tj ET Q q 0 0 0 rg BT 472.03 211.40 Td (, ) Tj ET Q q 0 0 0 rg BT 477.03 211.40 Td (plant ) Tj ET Q q 0 0 0 rg BT 499.05 211.40 Td (and ) Tj ET Q q 0 0 0 rg BT 516.56 211.40 Td (equipment.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 189.80 Td (The ) Tj ET Q q 0 0 0 rg BT 95.01 189.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 114.02 189.80 Td (of ) Tj ET Q q 0 0 0 rg BT 124.02 189.80 Td (facilities ) Tj ET Q q 0 0 0 rg BT 158.53 189.80 Td (were ) Tj ET Q q 0 0 0 rg BT 180.54 189.80 Td (reduced ) Tj ET Q q 0 0 0 rg BT 215.56 189.80 Td (by ) Tj ET Q q 0 0 0 rg BT 227.57 189.80 Td (investment ) Tj ET Q q 0 0 0 rg BT 273.59 189.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 288.10 189.80 Td (credits ) Tj ET Q q 0 0 0 rg BT 317.10 189.80 Td (of ) Tj ET Q q 0 0 0 rg BT 327.11 189.80 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.12 189.80 Td (935) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 347.13 189.80 Td ( ) Tj ET Q q 0 0 0 rg BT 349.63 189.80 Td (\() Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 352.63 189.80 Td ($472) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.65 189.80 Td ( ) Tj ET Q q 0 0 0 rg BT 375.15 189.80 Td (as ) Tj ET Q q 0 0 0 rg BT 387.16 189.80 Td (at ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 397.16 189.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 456.19 189.80 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.21 189.80 Td (\).) Tj ET Q endstream endobj 125 0 obj <> endobj 126 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 109.27 748.70 Td (T) Tj ET Q q 0 0 0 rg BT 118.76 748.70 Td (O ) Tj ET Q q 0 0 0 rg BT 135.36 748.70 Td (THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 371.54 748.70 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 490.96 748.70 Td ( ) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 729.50 Td (ST) Tj ET Q q 0 0 0 rg BT 69.85 729.50 Td (A) Tj ET Q q 0 0 0 rg BT 79.34 729.50 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 717.50 Td (\(Unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 705.50 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 62) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 58.50 663.55 Td (10. ) Tj ET Q BT /F4 11.00 Tf ET q 0.2 0 0.6 rg BT 76.50 663.55 Td (LONG-TERM ) Tj ET Q q 0.2 0 0.6 rg BT 146.16 663.55 Td (DEBT) Tj ET Q BT /F4 10.00 Tf ET q 0.2 0 0.6 rg BT 76.50 639.55 Td (a. ) Tj ET Q BT /F4 10.00 Tf ET q 0.2 0 0.6 rg BT 94.50 639.55 Td (Revolving ) Tj ET Q q 0.2 0 0.6 rg BT 145.07 639.55 Td (term ) Tj ET Q q 0.2 0 0.6 rg BT 169.52 639.55 Td (credit ) Tj ET Q q 0.2 0 0.6 rg BT 199.53 639.55 Td (facility) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 94.50 616.75 Td (On ) Tj ET Q q 0 0 0 rg BT 108.78 616.75 Td (June ) Tj ET Q q 0 0 0 rg BT 130.58 616.75 Td (17, ) Tj ET Q q 0 0 0 rg BT 145.36 616.75 Td (2013, ) Tj ET Q q 0 0 0 rg BT 170.16 616.75 Td (the ) Tj ET Q q 0 0 0 rg BT 184.95 616.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 234.25 616.75 Td (extended ) Tj ET Q q 0 0 0 rg BT 273.56 616.75 Td (its ) Tj ET Q q 0 0 0 rg BT 284.84 616.75 Td ($425,000 ) Tj ET Q q 0 0 0 rg BT 324.65 616.75 Td (revolving ) Tj ET Q q 0 0 0 rg BT 362.95 616.75 Td (term ) Tj ET Q q 0 0 0 rg BT 383.23 616.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 407.51 616.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 434.79 616.75 Td (with ) Tj ET Q q 0 0 0 rg BT 453.07 616.75 Td (a ) Tj ET Q q 0 0 0 rg BT 460.36 616.75 Td (new ) Tj ET Q q 0 0 0 rg BT 479.14 616.75 Td (five ) Tj ET Q q 0 0 0 rg BT 495.43 616.75 Td (year ) Tj ET Q q 0 0 0 rg BT 515.21 616.75 Td (term ) Tj ET Q q 0 0 0 rg BT 535.49 616.75 Td (ending ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 605.95 Td (in ) Tj ET Q q 0 0 0 rg BT 104.01 605.95 Td (2018. ) Tj ET Q q 0 0 0 rg BT 128.87 605.95 Td (T) Tj ET Q q 0 0 0 rg BT 133.37 605.95 Td (erms ) Tj ET Q q 0 0 0 rg BT 155.87 605.95 Td (and ) Tj ET Q q 0 0 0 rg BT 173.38 605.95 Td (conditions ) Tj ET Q q 0 0 0 rg BT 216.41 605.95 Td (remain ) Tj ET Q q 0 0 0 rg BT 246.42 605.95 Td (unchanged ) Tj ET Q q 0 0 0 rg BT 293.46 605.95 Td (and ) Tj ET Q q 0 0 0 rg BT 310.98 605.95 Td (usage ) Tj ET Q q 0 0 0 rg BT 338.00 605.95 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 374.51 605.95 Td (is ) Tj ET Q q 0 0 0 rg BT 383.51 605.95 Td (enhanced. ) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 76.50 581.95 Td (b. ) Tj ET Q BT /F4 10.00 Tf ET q 0.2 0 0.6 rg BT 94.50 581.95 Td (Carleton) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 94.50 559.15 Td (On ) Tj ET Q q 0 0 0 rg BT 109.18 559.15 Td (June ) Tj ET Q q 0 0 0 rg BT 131.38 559.15 Td (26, ) Tj ET Q q 0 0 0 rg BT 146.57 559.15 Td (2013, ) Tj ET Q q 0 0 0 rg BT 171.77 559.15 Td (the ) Tj ET Q q 0 0 0 rg BT 186.96 559.15 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 236.66 559.15 Td (closed ) Tj ET Q q 0 0 0 rg BT 265.36 559.15 Td (a ) Tj ET Q q 0 0 0 rg BT 273.04 559.15 Td ($52,800 ) Tj ET Q q 0 0 0 rg BT 308.25 559.15 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 363.96 559.15 Td (term ) Tj ET Q q 0 0 0 rg BT 384.64 559.15 Td (loan ) Tj ET Q q 0 0 0 rg BT 404.33 559.15 Td (to ) Tj ET Q q 0 0 0 rg BT 414.52 559.15 Td (refinance ) Tj ET Q q 0 0 0 rg BT 454.22 559.15 Td (its ) Tj ET Q q 0 0 0 rg BT 465.90 559.15 Td (ownership ) Tj ET Q q 0 0 0 rg BT 509.60 559.15 Td (portion ) Tj ET Q q 0 0 0 rg BT 539.80 559.15 Td (of ) Tj ET Q q 0 0 0 rg BT 549.98 559.15 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 548.35 Td (Carleton ) Tj ET Q q 0 0 0 rg BT 131.46 548.35 Td (wind ) Tj ET Q q 0 0 0 rg BT 152.92 548.35 Td (farm, ) Tj ET Q q 0 0 0 rg BT 176.37 548.35 Td (located ) Tj ET Q q 0 0 0 rg BT 208.33 548.35 Td (in ) Tj ET Q q 0 0 0 rg BT 218.29 548.35 Td (Quebec, ) Tj ET Q q 0 0 0 rg BT 255.25 548.35 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 292.04 548.35 Td (The ) Tj ET Q q 0 0 0 rg BT 310.49 548.35 Td (loan ) Tj ET Q q 0 0 0 rg BT 330.45 548.35 Td (consists ) Tj ET Q q 0 0 0 rg BT 365.91 548.35 Td (of ) Tj ET Q q 0 0 0 rg BT 376.36 548.35 Td (a ) Tj ET Q q 0 0 0 rg BT 384.31 548.35 Td (14-year ) Tj ET Q q 0 0 0 rg BT 417.78 548.35 Td (term ) Tj ET Q q 0 0 0 rg BT 438.72 548.35 Td (loan, ) Tj ET Q q 0 0 0 rg BT 461.18 548.35 Td (amortized ) Tj ET Q q 0 0 0 rg BT 503.65 548.35 Td (over ) Tj ET Q q 0 0 0 rg BT 524.10 548.35 Td (a ) Tj ET Q q 0 0 0 rg BT 532.05 548.35 Td (14 ) Tj ET Q q 0 0 0 rg BT 545.01 548.35 Td (year ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 537.55 Td (period ) Tj ET Q q 0 0 0 rg BT 121.87 537.55 Td (which ) Tj ET Q q 0 0 0 rg BT 147.23 537.55 Td (start ) Tj ET Q q 0 0 0 rg BT 167.09 537.55 Td (on ) Tj ET Q q 0 0 0 rg BT 179.45 537.55 Td (June ) Tj ET Q q 0 0 0 rg BT 201.32 537.55 Td (26, ) Tj ET Q q 0 0 0 rg BT 216.18 537.55 Td (2013. ) Tj ET Q q 0 0 0 rg BT 240.91 537.55 Td (The ) Tj ET Q q 0 0 0 rg BT 258.77 537.55 Td (term ) Tj ET Q q 0 0 0 rg BT 279.12 537.55 Td (loan ) Tj ET Q q 0 0 0 rg BT 298.49 537.55 Td (bears ) Tj ET Q q 0 0 0 rg BT 323.35 537.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 355.22 537.55 Td (at ) Tj ET Q q 0 0 0 rg BT 365.08 537.55 Td (BA) Tj ET Q q 0 0 0 rg BT 376.59 537.55 Td ( ) Tj ET Q q 0 0 0 rg BT 378.94 537.55 Td (rate ) Tj ET Q q 0 0 0 rg BT 396.80 537.55 Td (plus ) Tj ET Q q 0 0 0 rg BT 415.66 537.55 Td (an ) Tj ET Q q 0 0 0 rg BT 428.03 537.55 Td (applicable ) Tj ET Q q 0 0 0 rg BT 470.91 537.55 Td (margin ) Tj ET Q q 0 0 0 rg BT 500.77 537.55 Td (\(rate ) Tj ET Q q 0 0 0 rg BT 521.63 537.55 Td (of ) Tj ET Q q 0 0 0 rg BT 531.49 537.55 Td (3.28%\). ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 526.75 Td (The ) Tj ET Q q 0 0 0 rg BT 112.27 526.75 Td (term ) Tj ET Q q 0 0 0 rg BT 132.53 526.75 Td (loan ) Tj ET Q q 0 0 0 rg BT 151.80 526.75 Td (is ) Tj ET Q q 0 0 0 rg BT 160.56 526.75 Td (repayable ) Tj ET Q q 0 0 0 rg BT 202.35 526.75 Td (in ) Tj ET Q q 0 0 0 rg BT 211.61 526.75 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 248.88 526.75 Td (instalments. ) Tj ET Q q 0 0 0 rg BT 299.02 526.75 Td (The ) Tj ET Q q 0 0 0 rg BT 316.78 526.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 352.56 526.75 Td (repayments ) Tj ET Q q 0 0 0 rg BT 401.84 526.75 Td (are ) Tj ET Q q 0 0 0 rg BT 417.10 526.75 Td (variable ) Tj ET Q q 0 0 0 rg BT 450.88 526.75 Td (and ) Tj ET Q q 0 0 0 rg BT 468.16 526.75 Td (are ) Tj ET Q q 0 0 0 rg BT 483.42 526.75 Td (set ) Tj ET Q q 0 0 0 rg BT 497.69 526.75 Td (at ) Tj ET Q q 0 0 0 rg BT 507.45 526.75 Td ($3,045 ) Tj ET Q q 0 0 0 rg BT 537.24 526.75 Td (for ) Tj ET Q q 0 0 0 rg BT 550.00 526.75 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 515.95 Td (12 ) Tj ET Q q 0 0 0 rg BT 107.01 515.95 Td (months ) Tj ET Q q 0 0 0 rg BT 139.03 515.95 Td (following ) Tj ET Q q 0 0 0 rg BT 176.55 515.95 Td (refinancing.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 76.50 493.15 Td (c. ) Tj ET Q BT /F4 10.00 Tf ET q 0.2 0 0.6 rg BT 94.50 493.15 Td (Northwest ) Tj ET Q q 0.2 0 0.6 rg BT 146.17 493.15 Td (Stave ) Tj ET Q q 0.2 0 0.6 rg BT 175.63 493.15 Td (River) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 94.50 471.55 Td (On ) Tj ET Q q 0 0 0 rg BT 107.81 471.55 Td (May ) Tj ET Q q 0 0 0 rg BT 126.13 471.55 Td (23 ) Tj ET Q q 0 0 0 rg BT 137.45 471.55 Td (2013, ) Tj ET Q q 0 0 0 rg BT 161.28 471.55 Td (the ) Tj ET Q q 0 0 0 rg BT 175.10 471.55 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 223.43 471.55 Td (closed ) Tj ET Q q 0 0 0 rg BT 250.76 471.55 Td (a ) Tj ET Q q 0 0 0 rg BT 257.07 471.55 Td ($71,972 ) Tj ET Q q 0 0 0 rg BT 290.91 471.55 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 345.25 471.55 Td (construction ) Tj ET Q q 0 0 0 rg BT 395.08 471.55 Td (and ) Tj ET Q q 0 0 0 rg BT 411.41 471.55 Td (term ) Tj ET Q q 0 0 0 rg BT 430.72 471.55 Td (project ) Tj ET Q q 0 0 0 rg BT 459.04 471.55 Td (financing ) Tj ET Q q 0 0 0 rg BT 496.38 471.55 Td (for ) Tj ET Q q 0 0 0 rg BT 508.19 471.55 Td (the ) Tj ET Q q 0 0 0 rg BT 522.01 471.55 Td (Northwest ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 460.75 Td (Stave ) Tj ET Q q 0 0 0 rg BT 119.51 460.75 Td (River ) Tj ET Q q 0 0 0 rg BT 142.51 460.75 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 195.52 460.75 Td (project ) Tj ET Q q 0 0 0 rg BT 224.53 460.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 261.04 460.75 Td (under ) Tj ET Q q 0 0 0 rg BT 286.05 460.75 Td (construction, ) Tj ET Q q 0 0 0 rg BT 339.07 460.75 Td (located ) Tj ET Q q 0 0 0 rg BT 370.09 460.75 Td (in ) Tj ET Q q 0 0 0 rg BT 379.09 460.75 Td (British ) Tj ET Q q 0 0 0 rg BT 406.09 460.75 Td (Columbia. ) Tj ET Q q 0 0 0 rg BT 448.47 460.75 Td (The ) Tj ET Q q 0 0 0 rg BT 465.97 460.75 Td (construction ) Tj ET Q q 0 0 0 rg BT 516.49 460.75 Td (loan ) Tj ET Q q 0 0 0 rg BT 535.50 460.75 Td (carries ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 449.95 Td (a ) Tj ET Q q 0 0 0 rg BT 101.53 449.95 Td (fixed ) Tj ET Q q 0 0 0 rg BT 122.57 449.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 154.11 449.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 171.65 449.95 Td (of ) Tj ET Q q 0 0 0 rg BT 181.18 449.95 Td (5.3%; ) Tj ET Q q 0 0 0 rg BT 206.23 449.95 Td (it ) Tj ET Q q 0 0 0 rg BT 212.75 449.95 Td (will ) Tj ET Q q 0 0 0 rg BT 227.28 449.95 Td (convert ) Tj ET Q q 0 0 0 rg BT 258.82 449.95 Td (in ) Tj ET Q q 0 0 0 rg BT 267.85 449.95 Td (a ) Tj ET Q q 0 0 0 rg BT 274.89 449.95 Td (40-year ) Tj ET Q q 0 0 0 rg BT 307.43 449.95 Td (term ) Tj ET Q q 0 0 0 rg BT 327.46 449.95 Td (loan ) Tj ET Q q 0 0 0 rg BT 346.50 449.95 Td (following ) Tj ET Q q 0 0 0 rg BT 383.55 449.95 Td (the ) Tj ET Q q 0 0 0 rg BT 398.09 449.95 Td (start ) Tj ET Q q 0 0 0 rg BT 417.62 449.95 Td (of ) Tj ET Q q 0 0 0 rg BT 427.15 449.95 Td (the ) Tj ET Q q 0 0 0 rg BT 441.69 449.95 Td (project's ) Tj ET Q q 0 0 0 rg BT 476.95 449.95 Td (commercial ) Tj ET Q q 0 0 0 rg BT 524.99 449.95 Td (operating ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 439.15 Td (and ) Tj ET Q q 0 0 0 rg BT 112.57 439.15 Td (will ) Tj ET Q q 0 0 0 rg BT 128.11 439.15 Td (be ) Tj ET Q q 0 0 0 rg BT 141.17 439.15 Td (amortized ) Tj ET Q q 0 0 0 rg BT 183.74 439.15 Td (over ) Tj ET Q q 0 0 0 rg BT 204.30 439.15 Td (a ) Tj ET Q q 0 0 0 rg BT 212.35 439.15 Td (35-year ) Tj ET Q q 0 0 0 rg BT 245.92 439.15 Td (period ) Tj ET Q q 0 0 0 rg BT 273.99 439.15 Td (starting ) Tj ET Q q 0 0 0 rg BT 306.55 439.15 Td (in ) Tj ET Q q 0 0 0 rg BT 316.60 439.15 Td (the ) Tj ET Q q 0 0 0 rg BT 332.17 439.15 Td (sixth ) Tj ET Q q 0 0 0 rg BT 353.72 439.15 Td (year) Tj ET Q q 0 0 0 rg BT 370.73 439.15 Td (. ) Tj ET Q q 0 0 0 rg BT 376.08 439.15 Td (The ) Tj ET Q q 0 0 0 rg BT 394.64 439.15 Td (loan ) Tj ET Q q 0 0 0 rg BT 414.71 439.15 Td (is ) Tj ET Q q 0 0 0 rg BT 424.26 439.15 Td (secured ) Tj ET Q q 0 0 0 rg BT 459.32 439.15 Td (by ) Tj ET Q q 0 0 0 rg BT 471.88 439.15 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 515.44 439.15 Td (Stave ) Tj ET Q q 0 0 0 rg BT 541.51 439.15 Td (River ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 428.35 Td (L.P) Tj ET Q q 0 0 0 rg BT 106.85 428.35 Td (.'s ) Tj ET Q q 0 0 0 rg BT 118.07 428.35 Td (assets ) Tj ET Q q 0 0 0 rg BT 146.58 428.35 Td (with ) Tj ET Q q 0 0 0 rg BT 165.08 428.35 Td (a ) Tj ET Q q 0 0 0 rg BT 172.59 428.35 Td (carrying ) Tj ET Q q 0 0 0 rg BT 207.10 428.35 Td (value ) Tj ET Q q 0 0 0 rg BT 231.12 428.35 Td (of ) Tj ET Q q 0 0 0 rg BT 241.12 428.35 Td (approximately ) Tj ET Q q 0 0 0 rg BT 299.65 428.35 Td ($94,200.) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 58.50 395.00 Td (1) Tj ET Q q 0.2 0 0.6 rg BT 64.01 395.00 Td (1. ) Tj ET Q BT /F4 11.00 Tf ET q 0.2 0 0.6 rg BT 76.50 395.00 Td (SHAREHOLDERS' ) Tj ET Q q 0.2 0 0.6 rg BT 174.46 395.00 Td (CAPIT) Tj ET Q q 0.2 0 0.6 rg BT 206.64 395.00 Td (AL) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 76.50 372.20 Td (Special ) Tj ET Q q 0 0 0 rg BT 107.75 372.20 Td (resolutions ) Tj ET Q q 0 0 0 rg BT 153.01 372.20 Td (to ) Tj ET Q q 0 0 0 rg BT 162.25 372.20 Td (approve ) Tj ET Q q 0 0 0 rg BT 196.51 372.20 Td (the ) Tj ET Q q 0 0 0 rg BT 210.76 372.20 Td (reduction ) Tj ET Q q 0 0 0 rg BT 249.52 372.20 Td (of ) Tj ET Q q 0 0 0 rg BT 258.76 372.20 Td (the ) Tj ET Q q 0 0 0 rg BT 273.00 372.20 Td (legal ) Tj ET Q q 0 0 0 rg BT 293.75 372.20 Td (stated ) Tj ET Q q 0 0 0 rg BT 320.00 372.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 347.75 372.20 Td (account ) Tj ET Q q 0 0 0 rg BT 381.01 372.20 Td (maintained ) Tj ET Q q 0 0 0 rg BT 426.78 372.20 Td (in ) Tj ET Q q 0 0 0 rg BT 435.52 372.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 466.76 372.20 Td (of ) Tj ET Q q 0 0 0 rg BT 476.00 372.20 Td (the ) Tj ET Q q 0 0 0 rg BT 490.25 372.20 Td (common ) Tj ET Q q 0 0 0 rg BT 526.50 372.20 Td (shares ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.50 361.40 Td (of ) Tj ET Q q 0 0 0 rg BT 86.42 361.40 Td (the ) Tj ET Q q 0 0 0 rg BT 101.34 361.40 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 153.27 361.40 Td (without ) Tj ET Q q 0 0 0 rg BT 184.20 361.40 Td (any ) Tj ET Q q 0 0 0 rg BT 201.12 361.40 Td (payment ) Tj ET Q q 0 0 0 rg BT 238.05 361.40 Td (or ) Tj ET Q q 0 0 0 rg BT 248.46 361.40 Td (distribution ) Tj ET Q q 0 0 0 rg BT 294.40 361.40 Td (to ) Tj ET Q q 0 0 0 rg BT 304.31 361.40 Td (the ) Tj ET Q q 0 0 0 rg BT 319.23 361.40 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 373.68 361.40 Td (were ) Tj ET Q q 0 0 0 rg BT 395.59 361.40 Td (adopted ) Tj ET Q q 0 0 0 rg BT 430.54 361.40 Td (on ) Tj ET Q q 0 0 0 rg BT 442.96 361.40 Td (May ) Tj ET Q q 0 0 0 rg BT 462.37 361.40 Td (14, ) Tj ET Q q 0 0 0 rg BT 477.29 361.40 Td (2013. ) Tj ET Q q 0 0 0 rg BT 502.07 361.40 Td (This ) Tj ET Q q 0 0 0 rg BT 521.48 361.40 Td (resulted ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.50 350.60 Td (in ) Tj ET Q q 0 0 0 rg BT 86.50 350.60 Td (a ) Tj ET Q q 0 0 0 rg BT 94.51 350.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 134.53 350.60 Td (of ) Tj ET Q q 0 0 0 rg BT 145.03 350.60 Td ($128,201 ) Tj ET Q q 0 0 0 rg BT 185.57 350.60 Td (of ) Tj ET Q q 0 0 0 rg BT 196.08 350.60 Td (the ) Tj ET Q q 0 0 0 rg BT 211.58 350.60 Td (shareholders' ) Tj ET Q q 0 0 0 rg BT 268.33 350.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 297.35 350.60 Td (account ) Tj ET Q q 0 0 0 rg BT 331.87 350.60 Td (and ) Tj ET Q q 0 0 0 rg BT 349.88 350.60 Td (an ) Tj ET Q q 0 0 0 rg BT 362.89 350.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 399.91 350.60 Td (of ) Tj ET Q q 0 0 0 rg BT 410.41 350.60 Td ($128,201 ) Tj ET Q q 0 0 0 rg BT 450.95 350.60 Td (of ) Tj ET Q q 0 0 0 rg BT 461.45 350.60 Td (the ) Tj ET Q q 0 0 0 rg BT 476.96 350.60 Td (contributed ) Tj ET Q q 0 0 0 rg BT 524.49 350.60 Td (surplus ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.50 339.80 Td (from ) Tj ET Q q 0 0 0 rg BT 97.00 339.80 Td (reduction ) Tj ET Q q 0 0 0 rg BT 136.52 339.80 Td (of ) Tj ET Q q 0 0 0 rg BT 146.53 339.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 175.05 339.80 Td (on ) Tj ET Q q 0 0 0 rg BT 187.56 339.80 Td (common ) Tj ET Q q 0 0 0 rg BT 224.57 339.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 254.08 339.80 Td (account.) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 59.00 304.00 Td (12. ) Tj ET Q BT /F4 11.00 Tf ET q 0.2 0 0.6 rg BT 77.00 304.00 Td (DIVIDENDS) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 77.00 282.40 Td (The ) Tj ET Q q 0 0 0 rg BT 95.01 282.40 Td (following ) Tj ET Q q 0 0 0 rg BT 132.53 282.40 Td (are ) Tj ET Q q 0 0 0 rg BT 148.04 282.40 Td (the ) Tj ET Q q 0 0 0 rg BT 163.05 282.40 Td (dividends ) Tj ET Q q 0 0 0 rg BT 203.58 282.40 Td (paid ) Tj ET Q q 0 0 0 rg BT 223.09 282.40 Td (by ) Tj ET Q q 0 0 0 rg BT 235.10 282.40 Td (the ) Tj ET Q q 0 0 0 rg BT 250.11 282.40 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 299.64 282.40 Td (during ) Tj ET Q q 0 0 0 rg BT 327.15 282.40 Td (the ) Tj ET Q q 0 0 0 rg BT 342.17 282.40 Td (period.) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 77.00 271.90 88.00 -24.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 165.00 271.90 88.00 -24.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 253.00 271.90 91.00 -24.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 344.00 271.90 107.00 -24.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 451.00 271.90 101.00 -24.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 247.89999999999998 m 165 247.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 165 247.89999999999998 m 253 247.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253 247.89999999999998 m 344 247.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 247.89999999999998 m 451 247.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 247.89999999999998 m 552 247.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 247.89999999999998 m 165 247.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 165 247.89999999999998 m 253 247.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253 247.89999999999998 m 344 247.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 247.89999999999998 m 451 247.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 247.89999999999998 m 552 247.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 208.89999999999998 m 165 208.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 165 208.89999999999998 m 253 208.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253 208.89999999999998 m 344 208.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 208.89999999999998 m 451 208.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 208.89999999999998 m 552 208.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 196.89999999999998 m 165 196.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 194.89999999999998 m 165 194.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 165 196.89999999999998 m 253 196.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 165 194.89999999999998 m 253 194.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253 196.89999999999998 m 344 196.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253 194.89999999999998 m 344 194.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 196.89999999999998 m 451 196.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 194.89999999999998 m 451 194.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 196.89999999999998 m 552 196.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 194.89999999999998 m 552 194.89999999999998 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 95.95 252.30 Td (Record date) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 180.70 252.30 Td (Payment date) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 270.45 261.30 Td (Dividends per) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 261.45 252.30 Td (common share \($\)) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 351.70 261.30 Td (Dividend per Preferred ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 361.20 252.30 Td (Series ) Tj ET Q q 1 1 1 rg BT 388.71 252.30 Td (A) Tj ET Q q 1 1 1 rg BT 394.22 252.30 Td ( share \($\)) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 455.70 261.30 Td (Dividend per Preferred ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 461.60 252.30 Td (Series C share \($\) ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 1 1 1 rg BT 537.12 256.59 Td (1) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 97.95 238.85 Td (12/31/2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 188.45 238.85 Td (1/15/2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.95 238.85 Td (0.1450) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.95 238.85 Td (0.3125) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.50 238.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 100.45 225.85 Td (3/28/2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 188.45 225.85 Td (4/15/2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.95 225.85 Td (0.1450) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.95 225.85 Td (0.3125) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 504.95 225.85 Td (0.492300) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 100.45 212.85 Td (6/28/2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 188.45 212.85 Td (7/15/2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.95 212.85 Td (0.1450) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.95 212.85 Td (0.3125) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 504.95 212.85 Td (0.359375) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.95 199.85 Td (0.4350) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.95 199.85 Td (0.9375) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 504.95 199.85 Td (0.851675) Tj ET Q BT /F2 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.00 186.80 Td (1. ) Tj ET Q q 0 0 0 rg BT 85.75 186.80 Td (This initial dividend payment was higher to reflect dividends accruing since the closing date of the Series C Preferred Share of) Tj ET Q q 0 0 0 rg BT 530.73 186.80 Td (fering ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.00 177.20 Td (of December 1) Tj ET Q q 0 0 0 rg BT 137.88 177.20 Td (1, 2012. ) Tj ET Q q 0 0 0 rg BT 168.87 177.20 Td (The regular quarterly dividend amount is $0.359375.) 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Tj ET Q endstream endobj 133 0 obj <> endobj 134 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 109.27 748.70 Td (T) Tj ET Q q 0 0 0 rg BT 118.76 748.70 Td (O ) Tj ET Q q 0 0 0 rg BT 135.36 748.70 Td (THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 371.54 748.70 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 490.96 748.70 Td ( ) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 729.50 Td (ST) Tj ET Q q 0 0 0 rg BT 69.85 729.50 Td (A) Tj ET Q q 0 0 0 rg BT 79.34 729.50 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 717.50 Td (\(Unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 705.50 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. 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Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.75 611.95 Td (Summary Statements of Financial Position) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.75 598.50 Td (Current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.20 598.50 Td (30,312) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.20 598.50 Td (69,089) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.75 585.50 Td (Non-current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 390.20 585.50 Td (671,558) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 508.20 585.50 Td (680,279) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.75 572.50 Td (Current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.20 572.50 Td (13,994) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.20 572.50 Td (16,588) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.75 559.50 Td (Non-current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 390.20 559.50 Td (461,970) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 508.20 559.50 Td (459,221) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.75 546.50 Td (Equity attributable to owners) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 390.20 546.50 Td (134,582) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 508.20 546.50 Td (158,706) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.75 533.50 Td (Non-controlling interests) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.20 533.50 Td (91,324) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 508.20 533.50 Td (114,853) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 324.95 504.95 Td (Six-month period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 344.20 495.95 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 442.95 504.95 Td (Six-month period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 462.20 495.95 Td (June 30, 2012) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.75 482.50 Td (Summary Statements of Loss and Comprehensive Loss) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.75 469.50 Td (Revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.20 469.50 Td (25,861) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.20 469.50 Td (25,451) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.75 456.50 Td (Expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.20 456.50 Td (\(26,615) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.75 456.50 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.20 456.50 Td (\(27,826) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.75 456.50 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.75 443.50 Td (Net loss and comprehensive loss) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.70 443.50 Td (\(754) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.75 443.50 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.20 443.50 Td (\(2,375) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.75 443.50 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.75 421.50 Td (Net loss and comprehensive loss attributable to:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.75 408.50 Td ( Owners of the parent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg 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rg BT 513.20 289.50 Td (37,662) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.75 276.50 Td (Net \(decrease\) increase in cash and cash equivalents) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 397.20 276.50 Td (\(6,112) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.75 276.50 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.20 276.50 Td (38,145) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 135 0 obj <> endobj 136 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 109.27 748.70 Td (T) Tj ET Q q 0 0 0 rg BT 118.76 748.70 Td (O ) Tj ET Q q 0 0 0 rg BT 135.36 748.70 Td (THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 371.54 748.70 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 490.96 748.70 Td ( ) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 729.50 Td (ST) Tj ET Q q 0 0 0 rg BT 69.85 729.50 Td (A) Tj ET Q q 0 0 0 rg BT 79.34 729.50 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 717.50 Td (\(Unaudited\)) Tj ET Q 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Second Quarter 2013 67) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 67.50 666.30 Td (Creek ) Tj ET Q q 0 0 0 rg BT 95.02 666.30 Td (Power ) Tj ET Q q 0 0 0 rg BT 124.53 666.30 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 142.53 666.30 Td (and ) Tj ET Q q 0 0 0 rg BT 161.03 666.30 Td (its ) Tj ET Q q 0 0 0 rg BT 174.04 666.30 Td (six ) Tj ET Q q 0 0 0 rg BT 189.05 666.30 Td (subsidiaries) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 65.25 655.80 249.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 314.25 655.80 118.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 432.25 655.80 118.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 314.25 642.80 118.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 314.25 628.80 118.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 314.25 615.80 118.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 314.25 602.80 118.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 314.25 589.80 118.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 314.25 576.80 118.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 314.25 563.80 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/GS0 gs 314.25 360.80 118.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 314.25 347.80 118.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 314.25 335.80 118.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 65.25 642.8 m 189.25 642.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.25 642.8 m 314.25 642.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.25 642.8 m 432.25 642.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.25 642.8 m 550.25 642.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 65.25 551.8 m 189.25 551.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 65.25 549.8 m 189.25 549.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.25 551.8 m 314.25 551.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.25 549.8 m 314.25 549.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.25 551.8 m 432.25 551.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.25 549.8 m 432.25 549.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.25 551.8 m 550.25 551.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.25 549.8 m 550.25 549.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 65.25 512.8 m 189.25 512.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.25 512.8 m 314.25 512.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.25 512.8 m 432.25 512.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.25 512.8 m 550.25 512.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 65.25 473.8 m 189.25 473.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.25 473.8 m 314.25 473.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.25 473.8 m 432.25 473.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.25 473.8 m 550.25 473.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 65.25 473.8 m 189.25 473.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 65.25 461.8 m 189.25 461.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 65.25 459.8 m 189.25 459.8 l s 0 0 0 RG /GS0 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394.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.25 396.8 m 314.25 396.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.25 394.8 m 314.25 394.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.25 396.8 m 432.25 396.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.25 394.8 m 432.25 394.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.25 396.8 m 550.25 396.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.25 394.8 m 550.25 394.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 65.25 335.8 m 189.25 335.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.25 335.8 m 314.25 335.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.25 335.8 m 432.25 335.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.25 335.8 m 550.25 335.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 65.25 323.8 m 189.25 323.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 65.25 321.8 m 189.25 321.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.25 323.8 m 314.25 323.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.25 321.8 m 314.25 321.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.25 323.8 m 432.25 323.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.25 321.8 m 432.25 321.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.25 323.8 m 550.25 323.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.25 321.8 m 550.25 321.8 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 67.75 646.75 Td (As at) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 344.20 646.75 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 451.20 646.75 Td (December 31, 2012) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.75 633.20 Td (Summary Statements of Financial Position) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.75 619.75 Td (Current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.20 619.75 Td (1,234) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.20 619.75 Td (1,358) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.75 606.75 Td (Non-current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.20 606.75 Td (48,028) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.20 606.75 Td (40,010) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.75 593.75 Td (Current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.20 593.75 Td (10,912) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 518.20 593.75 Td (8,987) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.75 580.75 Td (Non-current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.20 580.75 Td (50,178) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.20 580.75 Td (43,852) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.75 567.75 Td (Deficit attributable to owners) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.20 567.75 Td (\(11,692) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.75 567.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.20 567.75 Td (\(11,467) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.75 567.75 Td (\)) Tj ET Q BT 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490.75 Td (729) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.75 477.75 Td (Expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 397.20 477.75 Td (\(1,226) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.75 477.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.20 477.75 Td (\(2,364) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.75 477.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.75 464.75 Td (Net loss and comprehensive loss) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.70 464.75 Td (\(358) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.75 464.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.20 464.75 Td (\(1,635) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.75 464.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.75 438.75 Td (Net loss and comprehensive loss attributable to:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.75 425.75 Td ( Owners of the parent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.70 425.75 Td (\(226) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.75 425.75 Td (\)) 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9.00 Tf ET q 0 0 0 rg BT 522.70 326.75 Td (\(505) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.75 326.75 Td (\)) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 137 0 obj <> endobj 138 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 109.27 748.70 Td (T) Tj ET Q q 0 0 0 rg BT 118.76 748.70 Td (O ) Tj ET Q q 0 0 0 rg BT 135.36 748.70 Td (THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 371.54 748.70 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 490.96 748.70 Td ( ) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 729.50 Td (ST) Tj ET Q q 0 0 0 rg BT 69.85 729.50 Td (A) Tj ET Q q 0 0 0 rg BT 79.34 729.50 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 717.50 Td (\(Unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 705.50 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. 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Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 69.75 656.15 249.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 318.75 656.15 118.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 436.75 656.15 118.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 318.75 643.15 118.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 318.75 630.15 118.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 318.75 617.15 118.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 318.75 604.15 118.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 318.75 591.15 118.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 318.75 578.15 118.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 318.75 565.15 118.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 69.75 539.15 249.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 318.75 539.15 118.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 436.75 539.15 118.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 318.75 516.15 118.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 318.75 503.15 118.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 318.75 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l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.75 322.15 m 554.75 322.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.75 320.15 m 554.75 320.15 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 72.25 647.10 Td (As at) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 348.70 647.10 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 455.70 647.10 Td (December 31, 2012) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.25 634.10 Td (Summary Statements of Financial Position) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.25 621.10 Td (Current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.70 621.10 Td (57,212) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.70 621.10 Td (88,502) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.25 608.10 Td (Non-current assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.70 608.10 Td (156,517) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.70 608.10 Td (113,796) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.25 595.10 Td (Current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.70 595.10 Td (25,985) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.70 595.10 Td (17,529) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.25 582.10 Td (Non-current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.70 582.10 Td (202,404) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.70 582.10 Td (199,424) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.25 569.10 Td (Deficit attributable to owners) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.70 569.10 Td (\(7,529) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.25 569.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.70 569.10 Td (\(7,527) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.25 569.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.25 556.10 Td (Non-controlling interest deficit) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.70 556.10 Td (\(7,131) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.25 556.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.70 556.10 Td (\(7,128) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.25 556.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 329.45 529.55 Td (Six-month period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 348.70 520.55 Td (June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 447.45 529.55 Td (Six-month period ended) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 466.70 520.55 Td (June 30, 2012) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.25 507.10 Td (Summary Statements of Loss and Comprehensive Loss) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.25 494.10 Td (Revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.25 494.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.25 494.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.25 481.10 Td (Expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.20 481.10 Td (\(5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.25 481.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.70 481.10 Td (\(5,204) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.25 481.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.25 468.10 Td (Net loss and comprehensive loss) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.20 468.10 Td (\(5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.25 468.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.70 468.10 Td (\(5,204) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.25 468.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.25 442.10 Td (Net loss and comprehensive loss attributable to:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.25 429.10 Td ( Owners of the parent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.20 429.10 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.25 429.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.70 429.10 Td (\(2,600) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.25 429.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.25 416.10 Td ( Non-controlling interest) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.20 416.10 Td (\(3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.25 416.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.70 416.10 Td (\(2,604) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.25 416.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.20 403.10 Td (\(5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.25 403.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.70 403.10 Td (\(5,204) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 545.25 403.10 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.25 377.10 Td (Summary Statements of Cash Flows) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.25 364.10 Td (Net cash inflow from operating activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.20 364.10 Td (488) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.20 364.10 Td (509) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.25 351.10 Td (Net cash inflow from financing activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.70 351.10 Td (2,980) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.70 351.10 Td 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rg BT 253.15 298.85 Td (entity) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 94.50 277.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 122.53 277.25 Td (on ) Tj ET Q q 0 0 0 rg BT 135.06 277.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.08 277.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 196.62 277.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 254.67 277.25 Td (between ) Tj ET Q q 0 0 0 rg BT 291.21 277.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.23 277.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 355.77 277.25 Td (and ) Tj ET Q q 0 0 0 rg BT 373.30 277.25 Td (the ) Tj ET Q q 0 0 0 rg BT 388.33 277.25 Td (other ) Tj ET Q q 0 0 0 rg BT 411.36 277.25 Td (partner) Tj ET Q q 0 0 0 rg BT 439.38 277.25 Td (, ) Tj ET Q q 0 0 0 rg BT 444.39 277.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.42 277.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 508.96 277.25 Td (conclude ) Tj ET Q q 0 0 0 rg BT 547.50 277.25 Td (that ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 266.45 Td (it ) Tj ET Q q 0 0 0 rg BT 101.50 266.45 Td (has ) Tj ET Q q 0 0 0 rg BT 118.51 266.45 Td (control ) Tj ET Q q 0 0 0 rg BT 148.03 266.45 Td (over ) Tj ET Q q 0 0 0 rg BT 168.03 266.45 Td (Kwoiek ) Tj ET Q q 0 0 0 rg BT 199.55 266.45 Td (Creek ) Tj ET Q q 0 0 0 rg BT 226.05 266.45 Td (Resources ) Tj ET Q q 0 0 0 rg BT 271.57 266.45 Td (L.P) Tj ET Q q 0 0 0 rg BT 283.92 266.45 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 244.85 Td (The ) Tj ET Q q 0 0 0 rg BT 112.66 244.85 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 162.34 244.85 Td (will ) Tj ET Q q 0 0 0 rg BT 177.49 244.85 Td (be ) Tj ET Q q 0 0 0 rg BT 190.16 244.85 Td (responsible ) Tj ET Q q 0 0 0 rg BT 238.84 244.85 Td (for ) Tj ET Q q 0 0 0 rg BT 251.99 244.85 Td (financing ) Tj ET Q q 0 0 0 rg BT 290.67 244.85 Td (approximately ) Tj ET Q q 0 0 0 rg BT 349.35 244.85 Td (20% ) Tj ET Q q 0 0 0 rg BT 370.02 244.85 Td (of ) Tj ET Q q 0 0 0 rg BT 380.18 244.85 Td (the ) Tj ET Q q 0 0 0 rg BT 395.34 244.85 Td (capital ) Tj ET Q q 0 0 0 rg BT 424.01 244.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 447.67 244.85 Td (and ) Tj ET Q q 0 0 0 rg BT 465.34 244.85 Td (will ) Tj ET Q q 0 0 0 rg BT 480.49 244.85 Td (loan ) Tj ET Q q 0 0 0 rg BT 500.16 244.85 Td (such ) Tj ET Q q 0 0 0 rg BT 521.83 244.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 554.50 244.85 Td (or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 234.05 Td (invest ) Tj ET Q q 0 0 0 rg BT 120.51 234.05 Td (in ) Tj ET Q q 0 0 0 rg BT 130.02 234.05 Td (preferred ) Tj ET Q q 0 0 0 rg BT 169.04 234.05 Td (units ) Tj ET Q q 0 0 0 rg BT 190.55 234.05 Td (of ) Tj ET Q q 0 0 0 rg BT 200.55 234.05 Td (Kwoiek ) Tj ET Q q 0 0 0 rg BT 232.07 234.05 Td (Creek ) Tj ET Q q 0 0 0 rg BT 258.57 234.05 Td (Resources ) Tj ET Q q 0 0 0 rg BT 304.09 234.05 Td (L.P) Tj ET Q q 0 0 0 rg BT 316.44 234.05 Td (. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 212.45 Td (Kwoiek ) Tj ET Q q 0 0 0 rg BT 126.55 212.45 Td (Creek ) Tj ET Q q 0 0 0 rg BT 153.60 212.45 Td (Resources ) Tj ET Q q 0 0 0 rg BT 199.66 212.45 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 219.71 212.45 Td (the ) Tj ET Q q 0 0 0 rg BT 235.26 212.45 Td (other ) Tj ET Q q 0 0 0 rg BT 258.82 212.45 Td (partner) Tj ET Q q 0 0 0 rg BT 286.84 212.45 Td (, ) Tj ET Q q 0 0 0 rg BT 292.38 212.45 Td (can ) Tj ET Q q 0 0 0 rg BT 309.93 212.45 Td (participate ) Tj ET Q q 0 0 0 rg BT 354.50 212.45 Td (for ) Tj ET Q q 0 0 0 rg BT 368.04 212.45 Td (an ) Tj ET Q q 0 0 0 rg BT 381.09 212.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 414.16 212.45 Td (up ) Tj ET Q q 0 0 0 rg BT 427.21 212.45 Td (to ) Tj ET Q q 0 0 0 rg BT 437.75 212.45 Td ($3,200 ) Tj ET Q q 0 0 0 rg BT 468.32 212.45 Td (of ) Tj ET Q q 0 0 0 rg BT 478.87 212.45 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 533.95 212.45 Td (debt ) Tj ET Q q 0 0 0 rg BT 554.51 212.45 Td (or ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 201.65 Td (preferred ) Tj ET Q q 0 0 0 rg BT 133.52 201.65 Td (units.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 180.05 Td (The ) Tj ET Q q 0 0 0 rg BT 112.59 180.05 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 162.19 180.05 Td (invested ) Tj ET Q q 0 0 0 rg BT 198.29 180.05 Td (a ) Tj ET Q q 0 0 0 rg BT 205.87 180.05 Td (total ) Tj ET Q q 0 0 0 rg BT 225.46 180.05 Td (of ) Tj ET Q q 0 0 0 rg BT 235.54 180.05 Td ($46,254 ) Tj ET Q q 0 0 0 rg BT 270.65 180.05 Td (in ) Tj ET Q q 0 0 0 rg BT 280.24 180.05 Td (Kwoiek ) Tj ET Q q 0 0 0 rg BT 311.83 180.05 Td (Creek ) Tj ET Q q 0 0 0 rg BT 338.41 180.05 Td (Resources ) Tj ET Q q 0 0 0 rg BT 384.01 180.05 Td (L.P) Tj ET Q q 0 0 0 rg BT 396.36 180.05 Td (. ) Tj ET Q q 0 0 0 rg BT 401.43 180.05 Td (under ) Tj ET Q q 0 0 0 rg BT 427.03 180.05 Td (the ) Tj ET Q q 0 0 0 rg BT 442.12 180.05 Td (form ) Tj ET Q q 0 0 0 rg BT 462.70 180.05 Td (of ) Tj ET Q q 0 0 0 rg BT 472.78 180.05 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 527.40 180.05 Td (debt ) Tj ET Q q 0 0 0 rg BT 547.49 180.05 Td (and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 169.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 134.05 169.25 Td (units. ) Tj ET Q q 0 0 0 rg BT 158.39 169.25 Td (This ) Tj ET Q q 0 0 0 rg BT 178.43 169.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 224.98 169.25 Td (will ) Tj ET Q q 0 0 0 rg BT 240.50 169.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 273.05 169.25 Td (the ) Tj ET Q q 0 0 0 rg BT 288.59 169.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 338.65 169.25 Td (with ) Tj ET Q q 0 0 0 rg BT 357.69 169.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 397.74 169.25 Td (under ) Tj ET Q q 0 0 0 rg BT 423.79 169.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.33 169.25 Td (form ) Tj ET Q q 0 0 0 rg BT 460.36 169.25 Td (of ) Tj ET Q q 0 0 0 rg BT 470.90 169.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 507.94 169.25 Td (and ) Tj ET Q q 0 0 0 rg BT 525.99 169.25 Td (preferred ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 158.45 Td (distributions. ) Tj ET Q q 0 0 0 rg BT 147.52 158.45 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 136.85 Td (Interests ) Tj ET Q q 0 0 0 rg BT 131.26 136.85 Td (or ) Tj ET Q q 0 0 0 rg BT 141.51 136.85 Td (distributions ) Tj ET Q q 0 0 0 rg BT 191.78 136.85 Td (on ) Tj ET Q q 0 0 0 rg BT 204.04 136.85 Td (the ) Tj ET Q q 0 0 0 rg BT 218.80 136.85 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 261.58 136.85 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 315.86 136.85 Td (debt ) Tj ET Q q 0 0 0 rg BT 335.63 136.85 Td (and ) Tj ET Q q 0 0 0 rg BT 352.89 136.85 Td (preferred ) Tj ET Q q 0 0 0 rg BT 391.65 136.85 Td (units ) Tj ET Q q 0 0 0 rg BT 412.91 136.85 Td (will ) Tj ET Q q 0 0 0 rg BT 427.66 136.85 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 482.94 136.85 Td (be ) Tj ET Q q 0 0 0 rg BT 495.20 136.85 Td (payable ) Tj ET Q q 0 0 0 rg BT 528.97 136.85 Td (annually ) Tj ET Q q 0 0 0 rg BT 565.00 136.85 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 126.05 Td (subject ) Tj ET Q q 0 0 0 rg BT 125.31 126.05 Td (to ) Tj ET Q q 0 0 0 rg BT 135.10 126.05 Td (the ) Tj ET Q q 0 0 0 rg BT 149.90 126.05 Td (availability ) Tj ET Q q 0 0 0 rg BT 193.71 126.05 Td (of ) Tj ET Q q 0 0 0 rg BT 203.50 126.05 Td (gross ) Tj ET Q q 0 0 0 rg BT 227.80 126.05 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 269.47 126.05 Td (The ) Tj ET Q q 0 0 0 rg BT 287.26 126.05 Td (interests ) Tj ET Q q 0 0 0 rg BT 323.57 126.05 Td (or ) Tj ET Q q 0 0 0 rg BT 333.86 126.05 Td (distributions ) Tj ET Q q 0 0 0 rg BT 384.17 126.05 Td (on ) Tj ET Q q 0 0 0 rg BT 396.47 126.05 Td (preferred ) Tj ET Q q 0 0 0 rg BT 435.28 126.05 Td (units ) Tj ET Q q 0 0 0 rg BT 456.58 126.05 Td (are ) Tj ET Q q 0 0 0 rg BT 471.87 126.05 Td (payable ) Tj ET Q q 0 0 0 rg BT 505.69 126.05 Td (before ) Tj ET Q q 0 0 0 rg BT 533.50 126.05 Td (making ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 115.25 Td (any ) Tj ET Q q 0 0 0 rg BT 111.51 115.25 Td (distributions ) Tj ET Q q 0 0 0 rg BT 162.04 115.25 Td (on ) Tj ET Q q 0 0 0 rg BT 174.55 115.25 Td (the ) Tj ET Q q 0 0 0 rg BT 189.56 115.25 Td (common ) Tj ET Q q 0 0 0 rg BT 226.57 115.25 Td (units.) Tj ET Q endstream endobj 139 0 obj <> endobj 140 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 109.27 748.70 Td (T) Tj ET Q q 0 0 0 rg BT 118.76 748.70 Td (O ) Tj ET Q q 0 0 0 rg BT 135.36 748.70 Td (THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 371.54 748.70 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 490.96 748.70 Td ( ) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 729.50 Td (ST) Tj ET Q q 0 0 0 rg BT 69.85 729.50 Td (A) Tj ET Q q 0 0 0 rg BT 79.34 729.50 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 717.50 Td (\(Unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 705.50 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 69) Tj ET Q BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 58.50 676.00 Td (15. ) Tj ET Q BT /F4 11.00 Tf ET q 0.2 0 0.6 rg BT 76.50 676.00 Td (RELA) Tj ET Q q 0.2 0 0.6 rg BT 105.63 676.00 Td (TED ) Tj ET Q q 0.2 0 0.6 rg BT 130.68 676.00 Td (P) Tj ET Q q 0.2 0 0.6 rg BT 137.20 676.00 Td (ARTY) Tj ET Q q 0.2 0 0.6 rg BT 166.95 676.00 Td ( ) Tj ET Q q 0.2 0 0.6 rg BT 170.01 676.00 Td (TRANSACTIONS) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 76.50 653.20 Td (In ) Tj ET Q q 0 0 0 rg BT 86.40 653.20 Td (the ) Tj ET Q q 0 0 0 rg BT 101.30 653.20 Td (fourth ) Tj ET Q q 0 0 0 rg BT 126.70 653.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 157.60 653.20 Td (of ) Tj ET Q q 0 0 0 rg BT 167.50 653.20 Td (2012, ) Tj ET Q q 0 0 0 rg BT 192.41 653.20 Td (the ) Tj ET Q q 0 0 0 rg BT 207.31 653.20 Td (parent ) Tj ET Q q 0 0 0 rg BT 235.22 653.20 Td (of ) Tj ET Q q 0 0 0 rg BT 245.11 653.20 Td (the ) Tj ET Q q 0 0 0 rg BT 260.01 653.20 Td (Harrison ) Tj ET Q q 0 0 0 rg BT 296.41 653.20 Td (Operating ) Tj ET Q q 0 0 0 rg BT 338.33 653.20 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 375.72 653.20 Td (distributed ) Tj ET Q q 0 0 0 rg BT 419.64 653.20 Td ($46,900 ) Tj ET Q q 0 0 0 rg BT 454.56 653.20 Td (to ) Tj ET Q q 0 0 0 rg BT 464.45 653.20 Td (its ) Tj ET Q q 0 0 0 rg BT 475.84 653.20 Td (partners. ) Tj ET Q q 0 0 0 rg BT 513.59 653.20 Td (The ) Tj ET Q q 0 0 0 rg BT 531.49 653.20 Td (funds ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.50 642.40 Td (were ) Tj ET Q q 0 0 0 rg BT 98.58 642.40 Td (distributed ) Tj ET Q q 0 0 0 rg BT 142.68 642.40 Td (in ) Tj ET Q q 0 0 0 rg BT 152.26 642.40 Td (the ) Tj ET Q q 0 0 0 rg BT 167.34 642.40 Td (form ) Tj ET Q q 0 0 0 rg BT 187.92 642.40 Td (of ) Tj ET Q q 0 0 0 rg BT 198.00 642.40 Td (non-interest ) Tj ET Q q 0 0 0 rg BT 248.10 642.40 Td (bearing ) Tj ET Q q 0 0 0 rg BT 280.69 642.40 Td (loans ) Tj ET Q q 0 0 0 rg BT 304.78 642.40 Td (to ) Tj ET Q q 0 0 0 rg BT 314.86 642.40 Td (the ) Tj ET Q q 0 0 0 rg BT 329.95 642.40 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 379.55 642.40 Td (and ) Tj ET Q q 0 0 0 rg BT 397.14 642.40 Td (its ) Tj ET Q q 0 0 0 rg BT 408.71 642.40 Td (partners. ) Tj ET Q q 0 0 0 rg BT 446.63 642.40 Td (The ) Tj ET Q q 0 0 0 rg BT 464.72 642.40 Td (loans ) Tj ET Q q 0 0 0 rg BT 488.80 642.40 Td (of ) Tj ET Q q 0 0 0 rg BT 498.88 642.40 Td ($23,444 ) Tj ET Q q 0 0 0 rg BT 533.99 642.40 Td (were ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.50 631.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 118.55 631.60 Td (as ) Tj ET Q q 0 0 0 rg BT 130.07 631.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 153.61 631.60 Td (to ) Tj ET Q q 0 0 0 rg BT 163.13 631.60 Td (partners ) Tj ET Q q 0 0 0 rg BT 198.17 631.60 Td (as ) Tj ET Q q 0 0 0 rg BT 209.70 631.60 Td (at ) Tj ET Q q 0 0 0 rg BT 219.22 631.60 Td (December ) Tj ET Q q 0 0 0 rg BT 262.76 631.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 277.29 631.60 Td (2012. ) Tj ET Q q 0 0 0 rg BT 301.70 631.60 Td (These ) Tj ET Q q 0 0 0 rg BT 328.73 631.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 352.26 631.60 Td (were ) Tj ET Q q 0 0 0 rg BT 373.79 631.60 Td (reimbursed ) Tj ET Q q 0 0 0 rg BT 420.83 631.60 Td (during ) Tj ET Q q 0 0 0 rg BT 447.87 631.60 Td (the ) Tj ET Q q 0 0 0 rg BT 462.40 631.60 Td (second ) Tj ET Q q 0 0 0 rg BT 493.44 631.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 523.97 631.60 Td (of ) Tj ET Q q 0 0 0 rg BT 533.50 631.60 Td (2013 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.50 620.80 Td (directly ) Tj ET Q q 0 0 0 rg BT 108.44 620.80 Td (from ) Tj ET Q q 0 0 0 rg BT 129.86 620.80 Td (a ) Tj ET Q q 0 0 0 rg BT 138.30 620.80 Td (distribution ) Tj ET Q q 0 0 0 rg BT 185.25 620.80 Td (from ) Tj ET Q q 0 0 0 rg BT 206.68 620.80 Td (the ) Tj ET Q q 0 0 0 rg BT 222.62 620.80 Td (parent ) Tj ET Q q 0 0 0 rg BT 251.56 620.80 Td (of ) Tj ET Q q 0 0 0 rg BT 262.50 620.80 Td (the ) Tj ET Q q 0 0 0 rg BT 278.44 620.80 Td (Harrison ) Tj ET Q q 0 0 0 rg BT 315.88 620.80 Td (Operating ) Tj ET Q q 0 0 0 rg BT 358.83 620.80 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 397.26 620.80 Td (and ) Tj ET Q q 0 0 0 rg BT 415.71 620.80 Td (a ) Tj ET Q q 0 0 0 rg BT 424.14 620.80 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 484.61 620.80 Td (decrease ) Tj ET Q q 0 0 0 rg BT 525.06 620.80 Td (in ) Tj ET Q q 0 0 0 rg BT 535.49 620.80 Td (non-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.50 610.00 Td (controlling ) Tj ET Q q 0 0 0 rg BT 120.02 610.00 Td (interests ) Tj ET Q q 0 0 0 rg BT 156.54 610.00 Td (was ) Tj ET Q q 0 0 0 rg BT 175.04 610.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 213.06 610.00 Td (with ) Tj ET Q q 0 0 0 rg BT 231.57 610.00 Td (no ) Tj ET Q q 0 0 0 rg BT 244.08 610.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 273.09 610.00 Td (to ) Tj ET Q q 0 0 0 rg BT 283.10 610.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 304.61 610.00 Td (flows. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.50 588.40 Td (In ) Tj ET Q q 0 0 0 rg BT 85.73 588.40 Td (the ) Tj ET Q q 0 0 0 rg BT 99.97 588.40 Td (second ) Tj ET Q q 0 0 0 rg BT 130.72 588.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 160.96 588.40 Td (of ) Tj ET Q q 0 0 0 rg BT 170.20 588.40 Td (2013, ) Tj ET Q q 0 0 0 rg BT 194.45 588.40 Td (a ) Tj ET Q q 0 0 0 rg BT 201.18 588.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 219.92 588.40 Td (was ) Tj ET Q q 0 0 0 rg BT 237.66 588.40 Td (made ) Tj ET Q q 0 0 0 rg BT 261.90 588.40 Td (to ) Tj ET Q q 0 0 0 rg BT 271.13 588.40 Td (V) Tj ET Q q 0 0 0 rg BT 276.97 588.40 Td (iger-Denonville ) Tj ET Q q 0 0 0 rg BT 338.73 588.40 Td (L.P) Tj ET Q q 0 0 0 rg BT 351.08 588.40 Td (. ) Tj ET Q q 0 0 0 rg BT 355.30 588.40 Td (project ) Tj ET Q q 0 0 0 rg BT 384.04 588.40 Td (until ) Tj ET Q q 0 0 0 rg BT 402.28 588.40 Td (such ) Tj ET Q q 0 0 0 rg BT 423.02 588.40 Td (time ) Tj ET Q q 0 0 0 rg BT 441.75 588.40 Td (as ) Tj ET Q q 0 0 0 rg BT 452.98 588.40 Td (the ) Tj ET Q q 0 0 0 rg BT 467.22 588.40 Td (project-level ) Tj ET Q q 0 0 0 rg BT 517.47 588.40 Td (financing ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.50 577.60 Td (was ) Tj ET Q q 0 0 0 rg BT 95.19 577.60 Td (put ) Tj ET Q q 0 0 0 rg BT 110.38 577.60 Td (in ) Tj ET Q q 0 0 0 rg BT 120.06 577.60 Td (place. ) Tj ET Q q 0 0 0 rg BT 146.58 577.60 Td (This ) Tj ET Q q 0 0 0 rg BT 166.27 577.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 185.96 577.60 Td (bears ) Tj ET Q q 0 0 0 rg BT 211.16 577.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 243.35 577.60 Td (at ) Tj ET Q q 0 0 0 rg BT 253.54 577.60 Td (the ) Tj ET Q q 0 0 0 rg BT 268.73 577.60 Td (same ) Tj ET Q q 0 0 0 rg BT 293.41 577.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 311.60 577.60 Td (as ) Tj ET Q q 0 0 0 rg BT 323.79 577.60 Td (Innergex ) Tj ET Q q 0 0 0 rg BT 361.49 577.60 Td (pays ) Tj ET Q q 0 0 0 rg BT 383.18 577.60 Td (to ) Tj ET Q q 0 0 0 rg BT 393.37 577.60 Td (its ) Tj ET Q q 0 0 0 rg BT 405.05 577.60 Td (lenders ) Tj ET Q q 0 0 0 rg BT 437.25 577.60 Td (on ) Tj ET Q q 0 0 0 rg BT 449.94 577.60 Td (the ) Tj ET Q q 0 0 0 rg BT 465.13 577.60 Td (revolving ) Tj ET Q q 0 0 0 rg BT 503.83 577.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 528.52 577.60 Td (facility ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.50 566.80 Td (plus ) Tj ET Q q 0 0 0 rg BT 95.51 566.80 Td (a ) Tj ET Q q 0 0 0 rg BT 103.02 566.80 Td (margin.) 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599.20 Td ( ) Tj ET Q q 0 0 0 rg BT 352.26 599.20 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.81 599.20 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.83 599.20 Td (\) ) Tj ET Q q 0 0 0 rg BT 385.38 599.20 Td (to ) Tj ET Q q 0 0 0 rg BT 394.43 599.20 Td (the ) Tj ET Q q 0 0 0 rg BT 408.49 599.20 Td (Corporation) Tj ET Q q 0 0 0 rg BT 457.36 599.20 Td (s ) Tj ET Q q 0 0 0 rg BT 463.41 599.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 515.49 599.20 Td (operating ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 588.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 116.52 588.40 Td (for ) Tj ET Q q 0 0 0 rg BT 129.53 588.40 Td (these ) Tj ET Q q 0 0 0 rg BT 154.04 588.40 Td (periods.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 77.00 565.60 Td (Operating ) Tj ET Q q 0.2 0 0.6 rg BT 127.00 565.60 Td (segments) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 77.00 544.00 Td (The ) Tj ET Q q 0 0 0 rg BT 95.76 544.00 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 146.04 544.00 Td (has ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 163.80 544.00 Td (four) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 179.31 544.00 Td ( ) Tj ET Q q 0 0 0 rg BT 182.56 544.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 223.34 544.00 Td (segments: ) Tj ET Q q 0 0 0 rg BT 268.11 544.00 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 282.36 544.00 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 336.63 544.00 Td (generation ) Tj ET Q q 0 0 0 rg BT 382.42 544.00 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 396.67 544.00 Td (wind ) Tj ET Q q 0 0 0 rg BT 418.43 544.00 Td (power ) Tj ET Q q 0 0 0 rg BT 446.20 544.00 Td (generation ) Tj ET Q q 0 0 0 rg BT 491.98 544.00 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 505.73 544.00 Td (solar ) Tj ET Q q 0 0 0 rg BT 528.49 544.00 Td (power ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 533.20 Td (generation ) Tj ET Q q 0 0 0 rg BT 122.04 533.20 Td (and ) Tj ET Q q 0 0 0 rg BT 139.55 533.20 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 153.05 533.20 Td (site ) Tj ET Q q 0 0 0 rg BT 169.56 533.20 Td (development. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 511.60 Td (Through ) Tj ET Q q 0 0 0 rg BT 112.64 511.60 Td (its ) Tj ET Q q 0 0 0 rg BT 123.76 511.60 Td (hydroelectric, ) Tj ET Q q 0 0 0 rg BT 179.40 511.60 Td (wind ) Tj ET Q q 0 0 0 rg BT 200.02 511.60 Td (power ) Tj ET Q q 0 0 0 rg BT 226.66 511.60 Td (and ) Tj ET Q q 0 0 0 rg BT 243.79 511.60 Td (solar ) Tj ET Q q 0 0 0 rg BT 265.42 511.60 Td (power ) Tj ET Q q 0 0 0 rg BT 292.05 511.60 Td (generation ) Tj ET Q q 0 0 0 rg BT 336.70 511.60 Td (segments, ) Tj ET Q q 0 0 0 rg BT 380.34 511.60 Td (the ) Tj ET Q q 0 0 0 rg BT 394.97 511.60 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 444.11 511.60 Td (sells ) Tj ET Q q 0 0 0 rg BT 464.23 511.60 Td (electricity ) Tj ET Q q 0 0 0 rg BT 503.86 511.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 543.51 511.60 Td (by ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 500.80 Td (its ) Tj ET Q q 0 0 0 rg BT 88.26 500.80 Td (hydroelectric, ) Tj ET Q q 0 0 0 rg BT 144.04 500.80 Td (wind ) Tj ET Q q 0 0 0 rg BT 164.81 500.80 Td (farm ) Tj ET Q q 0 0 0 rg BT 185.08 500.80 Td (and ) Tj ET Q q 0 0 0 rg BT 202.35 500.80 Td (solar ) Tj ET Q q 0 0 0 rg BT 224.12 500.80 Td (facility ) Tj ET Q q 0 0 0 rg BT 251.39 500.80 Td (to ) Tj ET Q q 0 0 0 rg BT 261.15 500.80 Td (publicly ) Tj ET Q q 0 0 0 rg BT 293.43 500.80 Td (owned ) Tj ET Q q 0 0 0 rg BT 322.21 500.80 Td (utilities. ) Tj ET Q q 0 0 0 rg BT 354.34 500.80 Td (Through ) Tj ET Q q 0 0 0 rg BT 390.12 500.80 Td (its ) Tj ET Q q 0 0 0 rg BT 401.38 500.80 Td (site ) Tj ET Q q 0 0 0 rg BT 417.65 500.80 Td (development ) Tj ET Q q 0 0 0 rg BT 471.44 500.80 Td (segment, ) Tj ET Q q 0 0 0 rg BT 510.72 500.80 Td (it ) Tj ET Q q 0 0 0 rg BT 517.49 500.80 Td (analyzes ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 490.00 Td (potential ) Tj ET Q q 0 0 0 rg BT 113.53 490.00 Td (sites ) Tj ET Q q 0 0 0 rg BT 134.53 490.00 Td (and ) Tj ET Q q 0 0 0 rg BT 152.05 490.00 Td (develops ) Tj ET Q q 0 0 0 rg BT 190.58 490.00 Td (hydroelectric, ) Tj ET Q q 0 0 0 rg BT 246.60 490.00 Td (wind ) Tj ET Q q 0 0 0 rg BT 267.61 490.00 Td (and ) Tj ET Q q 0 0 0 rg BT 285.13 490.00 Td (solar ) Tj ET Q q 0 0 0 rg BT 307.13 490.00 Td (facilities ) Tj ET Q q 0 0 0 rg BT 341.64 490.00 Td (up ) Tj ET Q q 0 0 0 rg BT 354.15 490.00 Td (to ) Tj ET Q q 0 0 0 rg BT 364.16 490.00 Td (the ) Tj ET Q q 0 0 0 rg BT 379.17 490.00 Td (commissioning ) Tj ET Q q 0 0 0 rg BT 441.19 490.00 Td (stage.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 468.40 Td (The ) Tj ET Q q 0 0 0 rg BT 95.24 468.40 Td (accounting ) Tj ET Q q 0 0 0 rg BT 141.50 468.40 Td (policies ) Tj ET Q q 0 0 0 rg BT 174.25 468.40 Td (for ) Tj ET Q q 0 0 0 rg BT 187.48 468.40 Td (these ) Tj ET Q q 0 0 0 rg BT 212.23 468.40 Td (segments ) Tj ET Q q 0 0 0 rg BT 253.98 468.40 Td (are ) Tj ET Q q 0 0 0 rg BT 269.72 468.40 Td (the ) Tj ET Q q 0 0 0 rg BT 284.96 468.40 Td (same ) Tj ET Q q 0 0 0 rg BT 309.70 468.40 Td (as ) Tj ET Q q 0 0 0 rg BT 321.94 468.40 Td (those ) Tj ET Q q 0 0 0 rg BT 346.69 468.40 Td (described ) Tj ET Q q 0 0 0 rg BT 388.44 468.40 Td (in ) Tj ET Q q 0 0 0 rg BT 398.18 468.40 Td (the ) Tj ET Q q 0 0 0 rg BT 413.42 468.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 456.17 468.40 Td (accounting ) Tj ET Q q 0 0 0 rg BT 502.44 468.40 Td (policies. ) Tj ET Q q 0 0 0 rg BT 537.51 468.40 Td (The ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 457.60 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 129.55 457.60 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 173.60 457.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 229.64 457.60 Td (based ) Tj ET Q q 0 0 0 rg BT 259.69 457.60 Td (on ) Tj ET Q q 0 0 0 rg BT 275.22 457.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 315.26 457.60 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 342.79 457.60 Td (before ) Tj ET Q q 0 0 0 rg BT 373.83 457.60 Td (finance ) Tj ET Q q 0 0 0 rg BT 408.37 457.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 437.40 457.60 Td (income ) Tj ET Q q 0 0 0 rg BT 471.93 457.60 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 501.47 457.60 Td (depreciation, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 446.80 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 131.48 446.80 Td (other ) Tj ET Q q 0 0 0 rg BT 154.95 446.80 Td (net ) Tj ET Q q 0 0 0 rg BT 170.41 446.80 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 212.90 446.80 Td (share ) Tj ET Q q 0 0 0 rg BT 238.36 446.80 Td (of ) Tj ET Q q 0 0 0 rg BT 248.83 446.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 267.79 446.80 Td (\(earnings\) ) Tj ET Q q 0 0 0 rg BT 311.26 446.80 Td (of ) Tj ET Q q 0 0 0 rg BT 321.72 446.80 Td (joint ) Tj ET Q q 0 0 0 rg BT 341.19 446.80 Td (ventures ) Tj ET Q q 0 0 0 rg BT 378.66 446.80 Td (and ) Tj ET Q q 0 0 0 rg BT 396.64 446.80 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 441.12 446.80 Td (net ) Tj ET Q q 0 0 0 rg BT 456.59 446.80 Td (gain ) Tj ET Q q 0 0 0 rg BT 476.56 446.80 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 501.51 446.80 Td (on ) Tj ET Q q 0 0 0 rg BT 514.48 446.80 Td (derivative ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 436.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 112.11 436.00 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 163.08 436.00 Td (The ) Tj ET Q q 0 0 0 rg BT 180.68 436.00 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 229.79 436.00 Td (accounts ) Tj ET Q q 0 0 0 rg BT 267.90 436.00 Td (for ) Tj ET Q q 0 0 0 rg BT 280.49 436.00 Td (inter-segment ) Tj ET Q q 0 0 0 rg BT 337.61 436.00 Td (and ) Tj ET Q q 0 0 0 rg BT 354.71 436.00 Td (management ) Tj ET Q q 0 0 0 rg BT 409.33 436.00 Td (sales ) Tj ET Q q 0 0 0 rg BT 432.43 436.00 Td (at ) Tj ET Q q 0 0 0 rg BT 442.03 436.00 Td (cost. ) Tj ET Q q 0 0 0 rg BT 462.71 436.00 Td (Any ) Tj ET Q q 0 0 0 rg BT 480.30 436.00 Td (transfers ) Tj ET Q q 0 0 0 rg BT 517.40 436.00 Td (of ) Tj ET Q q 0 0 0 rg BT 527.00 436.00 Td (assets ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 425.20 Td (from ) Tj ET Q q 0 0 0 rg BT 97.48 425.20 Td (the ) Tj ET Q q 0 0 0 rg BT 112.48 425.20 Td (site ) Tj ET Q q 0 0 0 rg BT 128.97 425.20 Td (development ) Tj ET Q q 0 0 0 rg BT 182.99 425.20 Td (segment ) Tj ET Q q 0 0 0 rg BT 219.99 425.20 Td (to ) Tj ET Q q 0 0 0 rg BT 229.98 425.20 Td (the ) Tj ET Q q 0 0 0 rg BT 244.98 425.20 Td (hydroelectric, ) Tj ET Q q 0 0 0 rg BT 300.98 425.20 Td (wind ) Tj ET Q q 0 0 0 rg BT 321.98 425.20 Td (power ) Tj ET Q q 0 0 0 rg BT 348.97 425.20 Td (generation ) Tj ET Q q 0 0 0 rg BT 393.99 425.20 Td (or ) Tj ET Q q 0 0 0 rg BT 404.48 425.20 Td (solar ) Tj ET Q q 0 0 0 rg BT 426.47 425.20 Td (power ) Tj ET Q q 0 0 0 rg BT 453.47 425.20 Td (generation ) Tj ET Q q 0 0 0 rg BT 498.49 425.20 Td (segments ) Tj ET Q q 0 0 0 rg BT 539.99 425.20 Td (are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 414.40 Td (accounted ) Tj ET Q q 0 0 0 rg BT 121.03 414.40 Td (for ) Tj ET Q q 0 0 0 rg BT 134.04 414.40 Td (at ) Tj ET Q q 0 0 0 rg BT 144.04 414.40 Td (cost.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 392.80 Td (The ) Tj ET Q q 0 0 0 rg BT 94.68 392.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 138.88 392.80 Td (of ) Tj ET Q q 0 0 0 rg BT 148.55 392.80 Td (the ) Tj ET Q q 0 0 0 rg BT 163.23 392.80 Td (Corporation) Tj ET Q q 0 0 0 rg BT 212.10 392.80 Td (s ) Tj ET Q q 0 0 0 rg BT 218.76 392.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 258.46 392.80 Td (segments ) Tj ET Q q 0 0 0 rg BT 299.65 392.80 Td (are ) Tj ET Q q 0 0 0 rg BT 314.83 392.80 Td (conducted ) Tj ET Q q 0 0 0 rg BT 358.53 392.80 Td (by ) Tj ET Q q 0 0 0 rg BT 370.21 392.80 Td (dif) Tj ET Q q 0 0 0 rg BT 379.55 392.80 Td (ferent ) Tj ET Q q 0 0 0 rg BT 404.73 392.80 Td (teams, ) Tj ET Q q 0 0 0 rg BT 433.91 392.80 Td (as ) Tj ET Q q 0 0 0 rg BT 445.59 392.80 Td (each ) Tj ET Q q 0 0 0 rg BT 467.27 392.80 Td (segment ) Tj ET Q q 0 0 0 rg BT 503.96 392.80 Td (has ) Tj ET Q q 0 0 0 rg BT 520.64 392.80 Td (dif) Tj ET Q q 0 0 0 rg BT 529.98 392.80 Td (ferent ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 382.00 Td (skill ) Tj ET Q q 0 0 0 rg BT 94.50 382.00 Td (requirements.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 360.40 Td (The ) Tj ET Q q 0 0 0 rg BT 95.49 360.40 Td (solar ) Tj ET Q q 0 0 0 rg BT 117.98 360.40 Td (power ) Tj ET Q q 0 0 0 rg BT 145.48 360.40 Td (generation ) Tj ET Q q 0 0 0 rg BT 191.00 360.40 Td (segment ) Tj ET Q q 0 0 0 rg BT 228.50 360.40 Td (was ) Tj ET Q q 0 0 0 rg BT 247.49 360.40 Td (added ) Tj ET Q q 0 0 0 rg BT 275.50 360.40 Td (following ) Tj ET Q q 0 0 0 rg BT 313.50 360.40 Td (the ) Tj ET Q q 0 0 0 rg BT 329.00 360.40 Td (beginning ) Tj ET Q q 0 0 0 rg BT 371.02 360.40 Td (of ) Tj ET Q q 0 0 0 rg BT 381.51 360.40 Td (commercial ) Tj ET Q q 0 0 0 rg BT 430.50 360.40 Td (operation ) Tj ET Q q 0 0 0 rg BT 471.01 360.40 Td (of ) Tj ET Q q 0 0 0 rg BT 481.50 360.40 Td (the ) Tj ET Q q 0 0 0 rg BT 497.00 360.40 Td (Stardale ) Tj ET Q q 0 0 0 rg BT 533.50 360.40 Td (solar ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.00 349.60 Td (farm ) Tj ET Q q 0 0 0 rg BT 97.50 349.60 Td (on ) Tj ET Q q 0 0 0 rg BT 110.01 349.60 Td (May ) Tj ET Q q 0 0 0 rg BT 129.51 349.60 Td (15, ) Tj ET Q q 0 0 0 rg BT 144.53 349.60 Td (2012.) Tj ET Q endstream endobj 143 0 obj <> endobj 144 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 109.27 748.70 Td (T) Tj ET Q q 0 0 0 rg BT 118.76 748.70 Td (O ) Tj ET Q q 0 0 0 rg BT 135.36 748.70 Td (THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 371.54 748.70 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 490.96 748.70 Td ( ) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 729.50 Td (ST) Tj ET Q q 0 0 0 rg BT 69.85 729.50 Td (A) Tj ET Q q 0 0 0 rg BT 79.34 729.50 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 717.50 Td (\(Unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 705.50 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 71) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 67.50 666.95 229.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 296.50 666.95 67.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 363.50 666.95 64.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 427.50 666.95 64.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 491.50 666.95 70.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 67.50 653.95 160.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 227.50 653.95 69.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 296.50 653.95 67.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 363.50 653.95 64.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 427.50 653.95 64.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 491.50 653.95 70.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.5 630.95 m 227.5 630.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 630.95 m 296.5 630.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 630.95 m 363.5 630.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 630.95 m 427.5 630.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 630.95 m 491.5 630.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 630.95 m 561.5 630.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 630.95 m 296.5 630.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 630.95 m 363.5 630.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 630.95 m 427.5 630.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 630.95 m 491.5 630.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 630.95 m 561.5 630.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.5 565.95 m 227.5 565.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 565.95 m 296.5 565.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 565.95 m 363.5 565.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 565.95 m 427.5 565.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 565.95 m 491.5 565.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 565.95 m 561.5 565.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 565.95 m 363.5 565.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 565.95 m 427.5 565.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 565.95 m 491.5 565.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 565.95 m 561.5 565.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.5 480.95 m 227.5 480.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 480.95 m 296.5 480.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 480.95 m 363.5 480.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 480.95 m 427.5 480.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 480.95 m 491.5 480.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 480.95 m 561.5 480.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 480.95 m 561.5 480.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.5 365.95 m 227.5 365.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.5 353.95 m 227.5 353.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.5 351.95 m 227.5 351.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 365.95 m 296.5 365.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 353.95 m 296.5 353.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 351.95 m 296.5 351.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 365.95 m 363.5 365.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 353.95 m 363.5 353.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 351.95 m 363.5 351.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 365.95 m 427.5 365.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 353.95 m 427.5 353.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 351.95 m 427.5 351.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 365.95 m 491.5 365.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 353.95 m 491.5 353.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 351.95 m 491.5 351.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 365.95 m 561.5 365.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 353.95 m 561.5 353.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 351.95 m 561.5 351.95 l s BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 70.00 657.90 Td (For the three-month period ended June 30, 2013) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 70.00 635.35 Td (Operating segments) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 235.20 644.35 Td (Hydroelectric ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 240.20 635.35 Td (generation) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 305.70 644.35 Td (Wind power) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 308.20 635.35 Td (generation) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 370.95 644.35 Td (Solar power) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 373.70 635.35 Td (generation) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 451.20 644.35 Td (Site ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 433.20 635.35 Td (development) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 516.45 635.35 Td (Total) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 70.00 621.90 Td (Operating revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 265.45 621.90 Td (46,611) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 332.45 621.90 Td (11,097) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.45 621.90 Td (5,459) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.65 621.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.10 621.90 Td (63,167) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.00 608.90 Td (Expenses:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.50 595.90 Td (Operating) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 270.45 595.90 Td (5,567) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 337.45 595.90 Td (2,403) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.95 595.90 Td (289) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.65 595.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.10 595.90 Td (8,259) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.50 582.90 Td (General and administrative) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 270.45 582.90 Td (1,795) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 344.95 582.90 Td (615) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 413.95 582.90 Td (53) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.60 582.90 Td (461) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.10 582.90 Td (2,924) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.50 569.90 Td (Prospective project expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.00 569.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 351.00 569.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 415.00 569.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.60 569.90 Td (724) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.60 569.90 Td (724) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.00 556.35 Td (Earnings \(loss\) before finance costs, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.00 547.35 Td (income taxes, depreciation, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.00 538.35 Td (amortization, other net revenues, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.00 529.35 Td (share of earnings of joint ventures ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.00 520.35 Td (and unrealized net gain on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.00 511.35 Td (derivative financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 265.45 511.35 Td (39,249) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 337.45 511.35 Td (8,079) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.45 511.35 Td (5,117) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 462.10 511.35 Td (\(1,185) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.65 511.35 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.10 511.35 Td (51,260) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.00 497.90 Td (Finance costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.10 497.90 Td (18,826) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.00 484.90 Td (Other net revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.10 484.90 Td (2,958) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.00 468.35 Td (Earnings before income taxes, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.00 459.35 Td (depreciation, amortization, share of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.00 450.35 Td (earnings of joint ventures and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.00 441.35 Td (unrealized net gain on derivative ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.00 432.35 Td (financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.10 432.35 Td (29,476) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.00 418.90 Td (Depreciation) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.10 418.90 Td (11,999) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.00 405.90 Td (Amortization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.10 405.90 Td (5,453) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.00 392.90 Td (Share of earnings of joint ventures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.10 392.90 Td (\(3,832) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 557.65 392.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.00 379.35 Td (Unrealized net gain on derivative) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.00 370.35 Td (financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 527.10 370.35 Td (\(27,318) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 557.65 370.35 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.00 356.90 Td (Earnings before incomes taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.10 356.90 Td (43,174) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 145 0 obj <> endobj 146 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 109.27 748.70 Td (T) Tj ET Q q 0 0 0 rg BT 118.76 748.70 Td (O ) Tj ET Q q 0 0 0 rg BT 135.36 748.70 Td (THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 371.54 748.70 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 490.96 748.70 Td ( ) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 729.50 Td (ST) Tj ET Q q 0 0 0 rg BT 69.85 729.50 Td (A) Tj ET Q q 0 0 0 rg BT 79.34 729.50 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 717.50 Td (\(Unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 705.50 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 72) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 63.50 683.50 219.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 282.50 683.50 68.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 350.50 683.50 67.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 417.50 683.50 67.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 484.50 683.50 72.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 63.50 670.50 150.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 213.50 670.50 69.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 282.50 670.50 68.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 350.50 670.50 67.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 417.50 670.50 67.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 484.50 670.50 72.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 63.5 647.5 m 213.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 647.5 m 282.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 647.5 m 350.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 647.5 m 417.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 647.5 m 484.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 647.5 m 556.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 647.5 m 282.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 647.5 m 350.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 647.5 m 417.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 647.5 m 484.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 647.5 m 556.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 63.5 582.5 m 213.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 582.5 m 282.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 582.5 m 350.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 582.5 m 417.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 582.5 m 484.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 582.5 m 556.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 582.5 m 282.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 582.5 m 350.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 582.5 m 417.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 582.5 m 484.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 63.5 487.5 m 213.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 487.5 m 282.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 487.5 m 350.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 487.5 m 417.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 487.5 m 484.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 487.5 m 556.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 366.5 m 556.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 63.5 366.5 m 213.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 63.5 354.5 m 213.5 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 63.5 352.5 m 213.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 366.5 m 282.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 354.5 m 282.5 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 352.5 m 282.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 366.5 m 350.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 354.5 m 350.5 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 352.5 m 350.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 366.5 m 417.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 354.5 m 417.5 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 352.5 m 417.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 366.5 m 484.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 354.5 m 484.5 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 352.5 m 484.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 354.5 m 556.5 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 352.5 m 556.5 352.5 l s BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 66.00 674.45 Td (For the three-month period ended June 30, 2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 66.00 651.90 Td (Operating segments) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 221.20 660.90 Td (Hydroelectric ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 226.20 651.90 Td (generation) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 292.20 660.90 Td (Wind power) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 294.70 651.90 Td (generation) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 359.45 660.90 Td (Solar power) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 362.20 651.90 Td (generation) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 442.70 660.90 Td (Site ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 424.70 651.90 Td (development) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 510.45 651.90 Td (Total) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 66.00 638.45 Td (Operating revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 251.45 638.45 Td (41,932) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.45 638.45 Td (9,034) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.45 638.45 Td (3,394) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.00 638.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 638.45 Td (54,360) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 625.45 Td (Expenses:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 612.45 Td (Operating) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.45 612.45 Td (4,661) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.45 612.45 Td (1,768) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 403.95 612.45 Td (41) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 472.00 612.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.45 612.45 Td (6,470) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 599.45 Td (General and administrative) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.45 599.45 Td (1,483) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 331.95 599.45 Td (589) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 403.95 599.45 Td (29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.95 599.45 Td (538) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.45 599.45 Td (2,639) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.50 586.45 Td (Prospective project expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 270.00 586.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 338.00 586.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.00 586.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.95 586.45 Td (647) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.95 586.45 Td (647) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 571.90 Td (Earnings \(loss\) before finance ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 562.90 Td (costs, income taxes, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 553.90 Td (depreciation, amortization, other ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 544.90 Td (net revenues , share of loss of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 535.90 Td (joint ventures and unrealized net ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 526.90 Td (loss on derivative financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 517.90 Td (instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 251.45 517.90 Td (35,788) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.45 517.90 Td (6,677) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.45 517.90 Td (3,324) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.45 517.90 Td (\(1,185) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.00 517.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 517.90 Td (44,604) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 504.45 Td (Finance costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 504.45 Td (18,194) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 491.45 Td (Other net revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.95 491.45 Td (\(822) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.00 491.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 468.90 Td (Earnings before income taxes, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 459.90 Td (depreciation, amortization, share ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 450.90 Td (of loss of joint ventures and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 441.90 Td (unrealized net loss on derivative ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 432.90 Td (financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 432.90 Td (27,232) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 419.45 Td (Depreciation) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.45 419.45 Td (10,373) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 406.45 Td (Amortization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.45 406.45 Td (5,250) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 393.45 Td (Share of loss of joint ventures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.95 393.45 Td (108) Tj ET Q BT /F3 9.00 Tf 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150 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 109.27 748.70 Td (T) Tj ET Q q 0 0 0 rg BT 118.76 748.70 Td (O ) Tj ET Q q 0 0 0 rg BT 135.36 748.70 Td (THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 371.54 748.70 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 490.96 748.70 Td ( ) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 729.50 Td (ST) Tj ET Q q 0 0 0 rg BT 69.85 729.50 Td (A) Tj ET Q q 0 0 0 rg BT 79.34 729.50 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 717.50 Td (\(Unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 705.50 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 74) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 72.50 683.50 219.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 291.50 683.50 68.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 359.50 683.50 67.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 426.50 683.50 67.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 493.50 683.50 72.00 -13.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 72.50 670.50 150.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 222.50 670.50 69.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 291.50 670.50 68.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 359.50 670.50 67.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 426.50 670.50 67.00 -23.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 493.50 670.50 72.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 647.5 m 222.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 647.5 m 291.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 647.5 m 359.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 647.5 m 426.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 647.5 m 493.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 647.5 m 565.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 647.5 m 291.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 647.5 m 359.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 647.5 m 426.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 647.5 m 493.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 647.5 m 565.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 582.5 m 222.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 582.5 m 291.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 582.5 m 359.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 582.5 m 426.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 582.5 m 493.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 582.5 m 565.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 487.5 m 222.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 487.5 m 291.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 487.5 m 359.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 487.5 m 426.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 487.5 m 493.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 487.5 m 565.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 487.5 m 291.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 487.5 m 359.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 487.5 m 426.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 487.5 m 493.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 487.5 m 565.5 487.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 366.5 m 291.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 366.5 m 359.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 366.5 m 426.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 366.5 m 493.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 366.5 m 565.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 366.5 m 222.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 354.5 m 222.5 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 352.5 m 222.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 354.5 m 291.5 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 352.5 m 291.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 354.5 m 359.5 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 352.5 m 359.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 354.5 m 426.5 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 352.5 m 426.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 354.5 m 493.5 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 352.5 m 493.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 354.5 m 565.5 354.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 352.5 m 565.5 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 266.5 m 222.5 266.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 264.5 m 222.5 264.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 266.5 m 291.5 266.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 264.5 m 291.5 264.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 266.5 m 359.5 266.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 264.5 m 359.5 264.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 266.5 m 426.5 266.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 264.5 m 426.5 264.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 266.5 m 493.5 266.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 264.5 m 493.5 264.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 266.5 m 565.5 266.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 264.5 m 565.5 264.5 l s BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 75.00 674.45 Td (For the six-month period ended June 30, 2012) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 75.00 651.90 Td (Operating segments) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 230.20 660.90 Td (Hydroelectric) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 235.20 651.90 Td (generation) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 301.20 660.90 Td (Wind power) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 303.70 651.90 Td (generation) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 368.45 660.90 Td (Solar power) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 371.20 651.90 Td (generation) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 451.70 660.90 Td (Site) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 433.70 651.90 Td (development) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 519.45 651.90 Td (Total) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 75.00 638.45 Td (Operating revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 260.45 638.45 Td (57,967) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.45 638.45 Td (21,068) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.45 638.45 Td (3,394) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.00 638.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.45 638.45 Td (82,429) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 625.45 Td (Expenses:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.50 612.45 Td (Operating) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 265.45 612.45 Td (8,386) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.45 612.45 Td (3,707) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.95 612.45 Td (41) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.00 612.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.45 612.45 Td (12,134) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.50 599.45 Td (General and administrative) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 265.45 599.45 Td (2,833) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.45 599.45 Td (1,385) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.95 599.45 Td (29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 467.45 599.45 Td (1,425) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.45 599.45 Td (5,672) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.50 586.45 Td (Prospective project expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 279.00 586.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 347.00 586.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.00 586.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 467.45 586.45 Td (1,730) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.45 586.45 Td (1,730) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 571.90 Td (Earnings \(loss\) before finance ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 84.00 562.90 Td (costs, income taxes, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 84.00 553.90 Td (depreciation, amortization, other ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 84.00 544.90 Td (net revenues , share of earnings ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 84.00 535.90 Td (of joint ventures and unrealized ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 84.00 526.90 Td (net loss on derivative financial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 84.00 517.90 Td (instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 260.45 517.90 Td (46,748) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.45 517.90 Td (15,976) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.45 517.90 Td (3,324) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.45 517.90 Td (\(3,155) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.00 517.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.45 517.90 Td (62,893) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 504.45 Td (Finance costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.45 504.45 Td (32,130) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 491.45 Td (Other net revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.45 491.45 Td (\(1,421) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 562.00 491.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 468.90 Td (Earnings before income taxes, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 84.00 459.90 Td (depreciation, amortization, share ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 84.00 450.90 Td (of earnings of joint ventures and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 84.00 441.90 Td (unrealized net loss on derivative ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 84.00 432.90 Td (financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.45 432.90 Td (32,184) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 419.45 Td (Depreciation) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.45 419.45 Td (19,741) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 406.45 Td (Amortization) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.45 406.45 Td (10,439) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 393.45 Td (Share of earnings of joint ventures) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.95 393.45 Td (\(594) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 562.00 393.45 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 379.90 Td (Unrealized net loss on derivative ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 84.00 370.90 Td (financial instruments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.45 370.90 Td (7,006) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 357.45 Td (Loss before income taxes) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.45 357.45 Td (\(4,408) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 562.00 357.45 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 75.00 331.45 Td (As at December 31, 2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 318.45 Td (Goodwill) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 265.45 318.45 Td (8,269) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 347.00 318.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 414.00 318.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.00 318.45 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 539.45 318.45 Td (8,269) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 305.45 Td (Total assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 247.95 305.45 Td (1,281,758) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.45 305.45 Td (423,634) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 390.45 305.45 Td (139,222) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.45 305.45 Td (451,826) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.95 305.45 Td (2,296,440) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 292.45 Td (Total liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 255.45 292.45 Td (809,611) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.45 292.45 Td (383,435) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 390.45 292.45 Td (144,555) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.45 292.45 Td (270,907) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.95 292.45 Td (1,608,508) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 75.00 278.90 Td (Additions of property, plant and) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 79.50 269.90 Td (equipment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 272.95 269.90 Td (612) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.45 269.90 Td (3,682) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 407.95 269.90 Td (153) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.45 269.90 Td (169,449) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.45 269.90 Td (173,896) Tj ET Q BT /F2 10.00 Tf ET BT /F4 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 58.50 231.00 Td (18. ) Tj ET Q BT /F4 11.00 Tf ET q 0.2 0 0.6 rg BT 76.50 231.00 Td (SUBSEQUENT ) Tj ET Q q 0.2 0 0.6 rg BT 155.95 231.00 Td (EVENTS) Tj ET Q BT /F4 10.00 Tf ET q 0.2 0 0.6 rg BT 76.50 207.00 Td (a. ) Tj ET Q BT /F4 10.00 Tf ET q 0.2 0 0.6 rg BT 94.50 207.00 Td (Dividends ) Tj ET Q q 0.2 0 0.6 rg BT 145.07 207.00 Td (declared ) Tj ET Q q 0.2 0 0.6 rg BT 188.98 207.00 Td (by ) Tj ET Q q 0.2 0 0.6 rg BT 203.43 207.00 Td (the ) Tj ET Q q 0.2 0 0.6 rg BT 221.20 207.00 Td (Board ) Tj ET Q q 0.2 0 0.6 rg BT 252.87 207.00 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 265.09 207.00 Td (Directors) Tj ET Q 0.4 0.6 0.8 rg /GS0 gs 83.50 184.50 89.00 -32.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 172.50 184.50 69.00 -32.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 241.50 184.50 67.00 -32.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 308.50 184.50 80.00 -32.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 388.50 184.50 88.00 -32.00 re f /GS0 gs 0.4 0.6 0.8 rg /GS0 gs 476.50 184.50 87.00 -32.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 83.5 152.5 m 172.5 152.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 152.5 m 241.5 152.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 152.5 m 308.5 152.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 152.5 m 388.5 152.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 152.5 m 476.5 152.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 152.5 m 563.5 152.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 83.5 152.5 m 172.5 152.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 83.5 140.5 m 172.5 140.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 83.5 138.5 m 172.5 138.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 152.5 m 241.5 152.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 140.5 m 241.5 140.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 172.5 138.5 m 241.5 138.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 152.5 m 308.5 152.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 140.5 m 308.5 140.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 138.5 m 308.5 138.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 152.5 m 388.5 152.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 140.5 m 388.5 140.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 138.5 m 388.5 138.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 152.5 m 476.5 152.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 140.5 m 476.5 140.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 138.5 m 476.5 138.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 152.5 m 563.5 152.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 140.5 m 563.5 140.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 138.5 m 563.5 138.5 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 112.95 165.90 Td (Date of) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 97.70 156.90 Td (announcement) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 181.95 156.90 Td (Record date) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 246.70 156.90 Td (Payment date) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 320.45 165.90 Td (Dividends per) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 311.45 156.90 Td (common share \($\)) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 404.45 174.90 Td (Dividends per ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 395.45 165.90 Td (Series ) Tj ET Q q 1 1 1 rg BT 422.96 165.90 Td (A) Tj ET Q q 1 1 1 rg BT 428.47 165.90 Td ( Preferred ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 413.20 156.90 Td (Share \($\)) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 491.95 174.90 Td (Dividends per ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 482.20 165.90 Td (Series C Preferred ) Tj ET Q BT /F3 9.00 Tf ET q 1 1 1 rg BT 500.70 156.90 Td (Share \($\)) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 104.95 143.45 Td (08/08/2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 183.95 143.45 Td (09/30/2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 251.95 143.45 Td (10/15/2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 351.45 143.45 Td (0.1450) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.45 143.45 Td (0.3125) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 516.45 143.45 Td (0.359375) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 151 0 obj <> endobj 152 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 748.70 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 109.27 748.70 Td (T) Tj ET Q q 0 0 0 rg BT 118.76 748.70 Td (O ) Tj ET Q q 0 0 0 rg BT 135.36 748.70 Td (THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 371.54 748.70 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 490.96 748.70 Td ( ) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 50.00 729.50 Td (ST) Tj ET Q q 0 0 0 rg BT 69.85 729.50 Td (A) Tj ET Q q 0 0 0 rg BT 79.34 729.50 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 717.50 Td (\(Unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 705.50 Td (\(in thousands of Canadian dollars, except as noted, and amounts per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.80 43.70 Td (Innergex Renewable Energy Inc. Second Quarter 2013 75) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 76.50 664.75 Td (b. ) Tj ET Q BT /F4 10.00 Tf ET q 0.2 0 0.6 rg BT 94.50 664.75 Td (Closing ) Tj ET Q q 0.2 0 0.6 rg BT 133.94 664.75 Td (of ) Tj ET Q q 0.2 0 0.6 rg BT 146.16 664.75 Td (Magpie ) Tj ET Q q 0.2 0 0.6 rg BT 183.39 664.75 Td (acquisition ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 94.50 643.15 Td (On ) Tj ET Q q 0 0 0 rg BT 109.43 643.15 Td (July ) Tj ET Q q 0 0 0 rg BT 128.35 643.15 Td (25, ) Tj ET Q q 0 0 0 rg BT 143.78 643.15 Td (2013 ) Tj ET Q q 0 0 0 rg BT 166.73 643.15 Td (the ) Tj ET Q q 0 0 0 rg BT 182.16 643.15 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 232.10 643.15 Td (completed ) Tj ET Q q 0 0 0 rg BT 276.55 643.15 Td (the ) Tj ET Q q 0 0 0 rg BT 291.98 643.15 Td (previously ) Tj ET Q q 0 0 0 rg BT 335.42 643.15 Td (announced ) Tj ET Q q 0 0 0 rg BT 382.88 643.15 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 428.33 643.15 Td (of ) Tj ET Q q 0 0 0 rg BT 438.75 643.15 Td (the ) Tj ET Q q 0 0 0 rg BT 454.18 643.15 Td (Magpie ) Tj ET Q q 0 0 0 rg BT 486.62 643.15 Td (facility ) Tj ET Q q 0 0 0 rg BT 514.55 643.15 Td (located ) Tj ET Q q 0 0 0 rg BT 546.49 643.15 Td (in ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 632.35 Td (Quebec ) Tj ET Q q 0 0 0 rg BT 129.33 632.35 Td (from ) Tj ET Q q 0 0 0 rg BT 150.64 632.35 Td (Hydromega ) Tj ET Q q 0 0 0 rg BT 200.47 632.35 Td (Group ) Tj ET Q q 0 0 0 rg BT 228.79 632.35 Td (of ) Tj ET Q q 0 0 0 rg BT 239.60 632.35 Td (Companies. ) Tj ET Q q 0 0 0 rg BT 290.94 632.35 Td (Magpie ) Tj ET Q q 0 0 0 rg BT 323.76 632.35 Td (is ) Tj ET Q q 0 0 0 rg BT 333.57 632.35 Td (a ) Tj ET Q q 0 0 0 rg BT 341.89 632.35 Td (40.6MW ) Tj ET Q q 0 0 0 rg BT 381.20 632.35 Td (run-of-river ) Tj ET Q q 0 0 0 rg BT 428.52 632.35 Td (hydroelectric ) Tj ET Q q 0 0 0 rg BT 482.85 632.35 Td (facility ) Tj ET Q q 0 0 0 rg BT 511.16 632.35 Td (located ) Tj ET Q q 0 0 0 rg BT 543.49 632.35 Td (on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 621.55 Td (Crown ) Tj ET Q q 0 0 0 rg BT 123.12 621.55 Td (lands ) Tj ET Q q 0 0 0 rg BT 147.26 621.55 Td (in ) Tj ET Q q 0 0 0 rg BT 156.88 621.55 Td (the ) Tj ET Q q 0 0 0 rg BT 172.01 621.55 Td (Minganie ) Tj ET Q q 0 0 0 rg BT 211.15 621.55 Td (Regional ) Tj ET Q q 0 0 0 rg BT 249.29 621.55 Td (County ) Tj ET Q q 0 0 0 rg BT 280.42 621.55 Td (Municipality) Tj ET Q q 0 0 0 rg BT 326.77 621.55 Td (, ) Tj ET Q q 0 0 0 rg BT 331.89 621.55 Td (in ) Tj ET Q q 0 0 0 rg BT 341.51 621.55 Td (Northeastern ) Tj ET Q q 0 0 0 rg BT 396.15 621.55 Td (Quebec. ) Tj ET Q q 0 0 0 rg BT 432.62 621.55 Td (This ) Tj ET Q q 0 0 0 rg BT 452.24 621.55 Td (facility ) Tj ET Q q 0 0 0 rg BT 479.86 621.55 Td (began ) Tj ET Q q 0 0 0 rg BT 507.50 621.55 Td (commercial ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 610.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 139.35 610.75 Td (in ) Tj ET Q q 0 0 0 rg BT 149.17 610.75 Td (2007, ) Tj ET Q q 0 0 0 rg BT 174.52 610.75 Td (and ) Tj ET Q q 0 0 0 rg BT 192.35 610.75 Td (all ) Tj ET Q q 0 0 0 rg BT 204.18 610.75 Td (of ) Tj ET Q q 0 0 0 rg BT 214.50 610.75 Td (the ) Tj ET Q q 0 0 0 rg BT 229.84 610.75 Td (electricity ) Tj ET Q q 0 0 0 rg BT 270.16 610.75 Td (it ) Tj ET Q q 0 0 0 rg BT 277.48 610.75 Td (produces ) Tj ET Q q 0 0 0 rg BT 317.33 610.75 Td (is ) Tj ET Q q 0 0 0 rg BT 326.65 610.75 Td (sold ) Tj ET Q q 0 0 0 rg BT 345.98 610.75 Td (to ) Tj ET Q q 0 0 0 rg BT 356.30 610.75 Td (Hydro-Qubec ) Tj ET Q q 0 0 0 rg BT 417.65 610.75 Td (under ) Tj ET Q q 0 0 0 rg BT 443.49 610.75 Td (a ) Tj ET Q q 0 0 0 rg BT 451.32 610.75 Td (25-year ) Tj ET Q q 0 0 0 rg BT 484.65 610.75 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 528.99 610.75 Td (power ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 599.95 Td (purchase ) Tj ET Q q 0 0 0 rg BT 133.54 599.95 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 181.08 599.95 Td (which ) Tj ET Q q 0 0 0 rg BT 206.10 599.95 Td (provides ) Tj ET Q q 0 0 0 rg BT 242.13 599.95 Td (for ) Tj ET Q q 0 0 0 rg BT 254.64 599.95 Td (an ) Tj ET Q q 0 0 0 rg BT 266.67 599.95 Td (annual ) Tj ET Q q 0 0 0 rg BT 295.70 599.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 331.73 599.95 Td (to ) Tj ET Q q 0 0 0 rg BT 341.25 599.95 Td (the ) Tj ET Q q 0 0 0 rg BT 355.78 599.95 Td (selling ) Tj ET Q q 0 0 0 rg BT 383.30 599.95 Td (price ) Tj ET Q q 0 0 0 rg BT 404.82 599.95 Td (of ) Tj ET Q q 0 0 0 rg BT 414.34 599.95 Td (1%.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 429.85 599.95 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 431.86 599.95 Td (Magpie ) Tj ET Q q 0 0 0 rg BT 463.39 599.95 Td (has ) Tj ET Q q 0 0 0 rg BT 479.91 599.95 Td (an ) Tj ET Q q 0 0 0 rg BT 491.94 599.95 Td (average ) Tj ET Q q 0 0 0 rg BT 526.47 599.95 Td (annual ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 589.15 Td (production ) Tj ET Q q 0 0 0 rg BT 139.03 589.15 Td (of ) Tj ET Q q 0 0 0 rg BT 149.04 589.15 Td (approximately ) Tj ET Q q 0 0 0 rg BT 207.56 589.15 Td (185,000MWh.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 567.55 Td (The ) Tj ET Q q 0 0 0 rg BT 112.57 567.55 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 162.15 567.55 Td (has ) Tj ET Q q 0 0 0 rg BT 179.22 567.55 Td (acquired ) Tj ET Q q 0 0 0 rg BT 216.30 567.55 Td (99.999% ) Tj ET Q q 0 0 0 rg BT 254.39 567.55 Td (of ) Tj ET Q q 0 0 0 rg BT 264.45 567.55 Td (the ) Tj ET Q q 0 0 0 rg BT 279.52 567.55 Td (common ) Tj ET Q q 0 0 0 rg BT 316.59 567.55 Td (units ) Tj ET Q q 0 0 0 rg BT 338.16 567.55 Td (of ) Tj ET Q q 0 0 0 rg BT 348.22 567.55 Td (the ) Tj ET Q q 0 0 0 rg BT 363.29 567.55 Td (facility) Tj ET Q q 0 0 0 rg BT 387.63 567.55 Td (. ) Tj ET Q q 0 0 0 rg BT 392.69 567.55 Td (However) Tj ET Q q 0 0 0 rg BT 427.70 567.55 Td (, ) Tj ET Q q 0 0 0 rg BT 432.76 567.55 Td (the ) Tj ET Q q 0 0 0 rg BT 447.83 567.55 Td (Minganie ) Tj ET Q q 0 0 0 rg BT 486.91 567.55 Td (Regional ) Tj ET Q q 0 0 0 rg BT 525.00 567.55 Td (County ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 556.75 Td (Municipality ) Tj ET Q q 0 0 0 rg BT 144.21 556.75 Td (holds ) Tj ET Q q 0 0 0 rg BT 168.43 556.75 Td (30% ) Tj ET Q q 0 0 0 rg BT 189.14 556.75 Td (of ) Tj ET Q q 0 0 0 rg BT 199.34 556.75 Td (the ) Tj ET Q q 0 0 0 rg BT 214.55 556.75 Td (voting ) Tj ET Q q 0 0 0 rg BT 241.26 556.75 Td (units, ) Tj ET Q q 0 0 0 rg BT 265.47 556.75 Td (as ) Tj ET Q q 0 0 0 rg BT 277.67 556.75 Td (well ) Tj ET Q q 0 0 0 rg BT 295.88 556.75 Td (as ) Tj ET Q q 0 0 0 rg BT 308.08 556.75 Td (a ) Tj ET Q q 0 0 0 rg BT 315.78 556.75 Td (convertible ) Tj ET Q q 0 0 0 rg BT 362.00 556.75 Td (debenture ) Tj ET Q q 0 0 0 rg BT 405.23 556.75 Td (with ) Tj ET Q q 0 0 0 rg BT 423.94 556.75 Td (a ) Tj ET Q q 0 0 0 rg BT 431.64 556.75 Td (nominal ) Tj ET Q q 0 0 0 rg BT 465.85 556.75 Td (value ) Tj ET Q q 0 0 0 rg BT 490.07 556.75 Td (of ) Tj ET Q q 0 0 0 rg BT 500.27 556.75 Td ($3,000 ) Tj ET Q q 0 0 0 rg BT 530.49 556.75 Td (which ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 545.95 Td (carries ) Tj ET Q q 0 0 0 rg BT 124.52 545.95 Td (an ) Tj ET Q q 0 0 0 rg BT 137.55 545.95 Td (annual ) Tj ET Q q 0 0 0 rg BT 167.59 545.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 200.12 545.95 Td (payment ) Tj ET Q q 0 0 0 rg BT 237.65 545.95 Td (of ) Tj ET Q q 0 0 0 rg BT 248.17 545.95 Td (approximately ) Tj ET Q q 0 0 0 rg BT 307.22 545.95 Td ($465 ) Tj ET Q q 0 0 0 rg BT 330.25 545.95 Td (and ) Tj ET Q q 0 0 0 rg BT 348.28 545.95 Td (a ) Tj ET Q q 0 0 0 rg BT 356.31 545.95 Td ($2,000 ) Tj ET Q q 0 0 0 rg BT 386.85 545.95 Td (non-interest ) Tj ET Q q 0 0 0 rg BT 437.39 545.95 Td (bearing ) Tj ET Q q 0 0 0 rg BT 470.43 545.95 Td (debenture ) Tj ET Q q 0 0 0 rg BT 513.98 545.95 Td (repayable ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 535.15 Td (over ) Tj ET Q q 0 0 0 rg BT 115.42 535.15 Td (the ) Tj ET Q q 0 0 0 rg BT 131.35 535.15 Td (next ) Tj ET Q q 0 0 0 rg BT 151.78 535.15 Td (five ) Tj ET Q q 0 0 0 rg BT 169.20 535.15 Td (years. ) Tj ET Q q 0 0 0 rg BT 196.90 535.15 Td (The ) Tj ET Q q 0 0 0 rg BT 215.83 535.15 Td (convertible ) Tj ET Q q 0 0 0 rg BT 262.77 535.15 Td (debenture ) Tj ET Q q 0 0 0 rg BT 306.72 535.15 Td (entitles ) Tj ET Q q 0 0 0 rg BT 338.65 535.15 Td (the ) Tj ET Q q 0 0 0 rg BT 354.58 535.15 Td (municipality ) Tj ET Q q 0 0 0 rg BT 405.01 535.15 Td (to ) Tj ET Q q 0 0 0 rg BT 415.93 535.15 Td (a ) Tj ET Q q 0 0 0 rg BT 424.35 535.15 Td (30% ) Tj ET Q q 0 0 0 rg BT 445.78 535.15 Td (interest ) Tj ET Q q 0 0 0 rg BT 478.71 535.15 Td (in ) Tj ET Q q 0 0 0 rg BT 489.13 535.15 Td (the ) Tj ET Q q 0 0 0 rg BT 505.06 535.15 Td (facility ) Tj ET Q q 0 0 0 rg BT 533.48 535.15 Td (upon ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 524.35 Td (conversion ) Tj ET Q q 0 0 0 rg BT 141.66 524.35 Td (of ) Tj ET Q q 0 0 0 rg BT 152.80 524.35 Td (the ) Tj ET Q q 0 0 0 rg BT 168.95 524.35 Td (debenture ) Tj ET Q q 0 0 0 rg BT 213.12 524.35 Td (on ) Tj ET Q q 0 0 0 rg BT 226.77 524.35 Td (January ) Tj ET Q q 0 0 0 rg BT 262.43 524.35 Td (1, ) Tj ET Q q 0 0 0 rg BT 273.57 524.35 Td (2025; ) Tj ET Q q 0 0 0 rg BT 299.73 524.35 Td (once ) Tj ET Q q 0 0 0 rg BT 322.88 524.35 Td (the ) Tj ET Q q 0 0 0 rg BT 339.03 524.35 Td (non-interest ) Tj ET Q q 0 0 0 rg BT 390.20 524.35 Td (bearing ) Tj ET Q q 0 0 0 rg BT 423.86 524.35 Td (debenture ) Tj ET Q q 0 0 0 rg BT 468.03 524.35 Td (has ) Tj ET Q q 0 0 0 rg BT 486.18 524.35 Td (been ) Tj ET Q q 0 0 0 rg BT 509.84 524.35 Td (repaid, ) Tj ET Q q 0 0 0 rg BT 540.99 524.35 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 513.55 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 144.03 513.55 Td (will ) Tj ET Q q 0 0 0 rg BT 159.02 513.55 Td (have ) Tj ET Q q 0 0 0 rg BT 181.04 513.55 Td (the ) Tj ET Q q 0 0 0 rg BT 196.05 513.55 Td (option ) Tj ET Q q 0 0 0 rg BT 223.08 513.55 Td (to ) Tj ET Q q 0 0 0 rg BT 233.08 513.55 Td (trigger ) Tj ET Q q 0 0 0 rg BT 261.09 513.55 Td (the ) Tj ET Q q 0 0 0 rg BT 276.10 513.55 Td (conversion ) Tj ET Q q 0 0 0 rg BT 322.13 513.55 Td (of ) Tj ET Q q 0 0 0 rg BT 332.13 513.55 Td (this ) Tj ET Q q 0 0 0 rg BT 348.64 513.55 Td (debenture ) Tj ET Q q 0 0 0 rg BT 391.68 513.55 Td (at ) Tj ET Q q 0 0 0 rg BT 401.68 513.55 Td (any ) Tj ET Q q 0 0 0 rg BT 418.69 513.55 Td (time ) Tj ET Q q 0 0 0 rg BT 438.20 513.55 Td (prior ) Tj ET Q q 0 0 0 rg BT 458.70 513.55 Td (to ) Tj ET Q q 0 0 0 rg BT 468.71 513.55 Td (this ) Tj ET Q q 0 0 0 rg BT 485.21 513.55 Td (date.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 490.75 Td (The ) Tj ET Q q 0 0 0 rg BT 112.05 490.75 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 161.12 490.75 Td (has ) Tj ET Q q 0 0 0 rg BT 177.67 490.75 Td (paid ) Tj ET Q q 0 0 0 rg BT 196.73 490.75 Td (the ) Tj ET Q q 0 0 0 rg BT 211.28 490.75 Td (final ) Tj ET Q q 0 0 0 rg BT 229.84 490.75 Td (purchase ) Tj ET Q q 0 0 0 rg BT 268.90 490.75 Td (price ) Tj ET Q q 0 0 0 rg BT 290.45 490.75 Td (of ) Tj ET Q q 0 0 0 rg BT 300.00 490.75 Td ($28,577 ) Tj ET Q q 0 0 0 rg BT 334.58 490.75 Td (in ) Tj ET Q q 0 0 0 rg BT 343.62 490.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 364.68 490.75 Td (and ) Tj ET Q q 0 0 0 rg BT 381.74 490.75 Td (assumes ) Tj ET Q q 0 0 0 rg BT 419.79 490.75 Td (project-level ) Tj ET Q q 0 0 0 rg BT 470.35 490.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 489.91 490.75 Td (totaling ) Tj ET Q q 0 0 0 rg BT 520.98 490.75 Td ($55,438 ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 479.95 Td (which ) Tj ET Q q 0 0 0 rg BT 119.88 479.95 Td (includes ) Tj ET Q q 0 0 0 rg BT 155.28 479.95 Td ($50,438 ) Tj ET Q q 0 0 0 rg BT 190.18 479.95 Td (in ) Tj ET Q q 0 0 0 rg BT 199.56 479.95 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 254.96 479.95 Td (financing ) Tj ET Q q 0 0 0 rg BT 293.36 479.95 Td (with ) Tj ET Q q 0 0 0 rg BT 311.74 479.95 Td (blended ) Tj ET Q q 0 0 0 rg BT 346.15 479.95 Td (monthly ) Tj ET Q q 0 0 0 rg BT 380.03 479.95 Td (payments ) Tj ET Q q 0 0 0 rg BT 421.43 479.95 Td (of ) Tj ET Q q 0 0 0 rg BT 431.31 479.95 Td (approximately ) Tj ET Q q 0 0 0 rg BT 489.71 479.95 Td ($406 ) Tj ET Q q 0 0 0 rg BT 512.10 479.95 Td (until ) Tj ET Q q 0 0 0 rg BT 530.98 479.95 Td (2017, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 469.15 Td (and ) Tj ET Q q 0 0 0 rg BT 111.61 469.15 Td (approximately ) Tj ET Q q 0 0 0 rg BT 169.72 469.15 Td ($379 ) Tj ET Q q 0 0 0 rg BT 191.83 469.15 Td (hereafter ) Tj ET Q q 0 0 0 rg BT 229.95 469.15 Td (until ) Tj ET Q q 0 0 0 rg BT 248.55 469.15 Td (2031, ) Tj ET Q q 0 0 0 rg BT 273.16 469.15 Td (for ) Tj ET Q q 0 0 0 rg BT 285.75 469.15 Td (a ) Tj ET Q q 0 0 0 rg BT 292.85 469.15 Td (blended ) Tj ET Q q 0 0 0 rg BT 326.97 469.15 Td (fixed ) Tj ET Q q 0 0 0 rg BT 348.07 469.15 Td (interest ) Tj ET Q q 0 0 0 rg BT 379.68 469.15 Td (rate ) Tj ET Q q 0 0 0 rg BT 397.27 469.15 Td (of ) Tj ET Q q 0 0 0 rg BT 406.87 469.15 Td (6.35%, ) Tj ET Q q 0 0 0 rg BT 436.98 469.15 Td (as ) Tj ET Q q 0 0 0 rg BT 448.58 469.15 Td (well ) Tj ET Q q 0 0 0 rg BT 466.17 469.15 Td (as ) Tj ET Q q 0 0 0 rg BT 477.77 469.15 Td (the ) Tj ET Q q 0 0 0 rg BT 492.37 469.15 Td (two ) Tj ET Q q 0 0 0 rg BT 508.46 469.15 Td (debentures ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 458.35 Td (held ) Tj ET Q q 0 0 0 rg BT 113.77 458.35 Td (by ) Tj ET Q q 0 0 0 rg BT 125.54 458.35 Td (the ) Tj ET Q q 0 0 0 rg BT 140.30 458.35 Td (Minganie ) Tj ET Q q 0 0 0 rg BT 179.08 458.35 Td (Regional ) Tj ET Q q 0 0 0 rg BT 216.87 458.35 Td (County ) Tj ET Q q 0 0 0 rg BT 247.64 458.35 Td (Municipality ) Tj ET Q q 0 0 0 rg BT 296.92 458.35 Td (mentioned ) Tj ET Q q 0 0 0 rg BT 341.20 458.35 Td (above. ) Tj ET Q q 0 0 0 rg BT 370.33 458.35 Td (These ) Tj ET Q q 0 0 0 rg BT 397.61 458.35 Td (debts ) Tj ET Q q 0 0 0 rg BT 421.88 458.35 Td (will ) Tj ET Q q 0 0 0 rg BT 436.63 458.35 Td (be ) Tj ET Q q 0 0 0 rg BT 448.90 458.35 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 485.19 458.35 Td (to ) Tj ET Q q 0 0 0 rg BT 494.95 458.35 Td (fair ) Tj ET Q q 0 0 0 rg BT 509.71 458.35 Td (value ) Tj ET Q q 0 0 0 rg BT 533.48 458.35 Td (upon ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 447.55 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 149.54 447.55 Td (by ) Tj ET Q q 0 0 0 rg BT 161.54 447.55 Td (the ) Tj ET Q q 0 0 0 rg BT 176.55 447.55 Td (Corporation. ) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 76.50 413.95 Td (c. ) Tj ET Q q 0.2 0 0.6 rg BT 90.00 413.95 Td (Closing of V) Tj ET Q q 0.2 0 0.6 rg BT 148.15 413.95 Td (iger-Denonville wind project financing ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 94.50 392.35 Td (On ) Tj ET Q q 0 0 0 rg BT 108.35 392.35 Td (August ) Tj ET Q q 0 0 0 rg BT 138.67 392.35 Td (7, ) Tj ET Q q 0 0 0 rg BT 148.48 392.35 Td (2013, ) Tj ET Q q 0 0 0 rg BT 173.30 392.35 Td (V) Tj ET Q q 0 0 0 rg BT 179.14 392.35 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 243.97 392.35 Td (L.P) Tj ET Q q 0 0 0 rg BT 256.32 392.35 Td (. ) Tj ET Q q 0 0 0 rg BT 261.12 392.35 Td (closed ) Tj ET Q q 0 0 0 rg BT 289.44 392.35 Td (a ) Tj ET Q q 0 0 0 rg BT 296.75 392.35 Td ($61,700 ) Tj ET Q q 0 0 0 rg BT 331.58 392.35 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 386.91 392.35 Td (construction ) Tj ET Q q 0 0 0 rg BT 437.74 392.35 Td (and ) Tj ET Q q 0 0 0 rg BT 455.05 392.35 Td (term ) Tj ET Q q 0 0 0 rg BT 475.35 392.35 Td (project ) Tj ET Q q 0 0 0 rg BT 504.67 392.35 Td (financing ) Tj ET Q q 0 0 0 rg BT 543.00 392.35 Td (for ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 381.55 Td (the ) Tj ET Q q 0 0 0 rg BT 109.08 381.55 Td (V) Tj ET Q q 0 0 0 rg BT 114.92 381.55 Td (iger-Denonville ) Tj ET Q q 0 0 0 rg BT 177.02 381.55 Td (wind ) Tj ET Q q 0 0 0 rg BT 197.60 381.55 Td (energy ) Tj ET Q q 0 0 0 rg BT 227.19 381.55 Td (project, ) Tj ET Q q 0 0 0 rg BT 258.77 381.55 Td (located ) Tj ET Q q 0 0 0 rg BT 289.86 381.55 Td (in ) Tj ET Q q 0 0 0 rg BT 298.93 381.55 Td (Quebec. ) Tj ET Q q 0 0 0 rg BT 334.89 381.55 Td (The ) Tj ET Q q 0 0 0 rg BT 352.47 381.55 Td ($61,700 ) Tj ET Q q 0 0 0 rg BT 387.07 381.55 Td (construction ) Tj ET Q q 0 0 0 rg BT 437.67 381.55 Td (loan ) Tj ET Q q 0 0 0 rg BT 456.75 381.55 Td (carries ) Tj ET Q q 0 0 0 rg BT 485.82 381.55 Td (a ) Tj ET Q q 0 0 0 rg BT 492.90 381.55 Td (floating ) Tj ET Q q 0 0 0 rg BT 523.99 381.55 Td (interest ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 370.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 112.91 370.75 Td (at ) Tj ET Q q 0 0 0 rg BT 123.33 370.75 Td (BA) Tj ET Q q 0 0 0 rg BT 134.83 370.75 Td ( ) Tj ET Q q 0 0 0 rg BT 137.74 370.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 156.15 370.75 Td (plus ) Tj ET Q q 0 0 0 rg BT 175.57 370.75 Td (an ) Tj ET Q q 0 0 0 rg BT 188.49 370.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 231.92 370.75 Td (margin ) Tj ET Q q 0 0 0 rg BT 262.34 370.75 Td (for ) Tj ET Q q 0 0 0 rg BT 275.75 370.75 Td (an ) Tj ET Q q 0 0 0 rg BT 288.66 370.75 Td (all-in ) Tj ET Q q 0 0 0 rg BT 310.58 370.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 328.99 370.75 Td (of ) Tj ET Q q 0 0 0 rg BT 339.40 370.75 Td (3.82% ) Tj ET Q q 0 0 0 rg BT 367.83 370.75 Td (as ) Tj ET Q q 0 0 0 rg BT 380.24 370.75 Td (at ) Tj ET Q q 0 0 0 rg BT 390.07 370.75 Td (August ) Tj ET Q q 0 0 0 rg BT 421.00 370.75 Td (7, ) Tj ET Q q 0 0 0 rg BT 431.41 370.75 Td (2013; ) Tj ET Q q 0 0 0 rg BT 456.84 370.75 Td (following ) Tj ET Q q 0 0 0 rg BT 494.76 370.75 Td (the ) Tj ET Q q 0 0 0 rg BT 510.18 370.75 Td (start ) Tj ET Q q 0 0 0 rg BT 530.59 370.75 Td (of ) Tj ET Q q 0 0 0 rg BT 541.00 370.75 Td (the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 359.95 Td (project's ) Tj ET Q q 0 0 0 rg BT 129.64 359.95 Td (commercial ) Tj ET Q q 0 0 0 rg BT 177.55 359.95 Td (operation, ) Tj ET Q q 0 0 0 rg BT 219.48 359.95 Td (it ) Tj ET Q q 0 0 0 rg BT 225.89 359.95 Td (will ) Tj ET Q q 0 0 0 rg BT 240.29 359.95 Td (convert ) Tj ET Q q 0 0 0 rg BT 271.71 359.95 Td (into ) Tj ET Q q 0 0 0 rg BT 288.13 359.95 Td (an ) Tj ET Q q 0 0 0 rg BT 300.05 359.95 Td (18-year ) Tj ET Q q 0 0 0 rg BT 332.47 359.95 Td (term ) Tj ET Q q 0 0 0 rg BT 352.37 359.95 Td (loan. ) Tj ET Q q 0 0 0 rg BT 373.80 359.95 Td (V) Tj ET Q q 0 0 0 rg BT 379.64 359.95 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 444.07 359.95 Td (L.P) Tj ET Q q 0 0 0 rg BT 456.42 359.95 Td (. ) Tj ET Q q 0 0 0 rg BT 460.83 359.95 Td (has ) Tj ET Q q 0 0 0 rg BT 477.24 359.95 Td (also ) Tj ET Q q 0 0 0 rg BT 495.66 359.95 Td (closed ) Tj ET Q q 0 0 0 rg BT 523.58 359.95 Td (a ) Tj ET Q q 0 0 0 rg BT 530.49 359.95 Td (short-) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 349.15 Td (term ) Tj ET Q q 0 0 0 rg BT 114.57 349.15 Td (loan ) Tj ET Q q 0 0 0 rg BT 133.65 349.15 Td (of ) Tj ET Q q 0 0 0 rg BT 143.23 349.15 Td ($5,500 ) Tj ET Q q 0 0 0 rg BT 172.83 349.15 Td (carrying ) Tj ET Q q 0 0 0 rg BT 206.91 349.15 Td (a ) Tj ET Q q 0 0 0 rg BT 213.98 349.15 Td (floating ) Tj ET Q q 0 0 0 rg BT 245.07 349.15 Td (interest ) Tj ET Q q 0 0 0 rg BT 276.65 349.15 Td (rate, ) Tj ET Q q 0 0 0 rg BT 296.73 349.15 Td (to ) Tj ET Q q 0 0 0 rg BT 306.31 349.15 Td (finance ) Tj ET Q q 0 0 0 rg BT 337.40 349.15 Td (the ) Tj ET Q q 0 0 0 rg BT 351.98 349.15 Td (construction ) Tj ET Q q 0 0 0 rg BT 402.57 349.15 Td (of ) Tj ET Q q 0 0 0 rg BT 412.15 349.15 Td (the ) Tj ET Q q 0 0 0 rg BT 426.73 349.15 Td (substation ) Tj ET Q q 0 0 0 rg BT 469.82 349.15 Td (and ) Tj ET Q q 0 0 0 rg BT 486.91 349.15 Td (collector ) Tj ET Q q 0 0 0 rg BT 522.49 349.15 Td (system, ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 338.35 Td (for ) Tj ET Q q 0 0 0 rg BT 107.50 338.35 Td (which ) Tj ET Q q 0 0 0 rg BT 133.01 338.35 Td (it ) Tj ET Q q 0 0 0 rg BT 140.01 338.35 Td (is ) Tj ET Q q 0 0 0 rg BT 149.01 338.35 Td (entitled ) Tj ET Q q 0 0 0 rg BT 180.54 338.35 Td (to ) Tj ET Q q 0 0 0 rg BT 190.54 338.35 Td (be ) Tj ET Q q 0 0 0 rg BT 203.05 338.35 Td (reimbursed ) Tj ET Q q 0 0 0 rg BT 250.57 338.35 Td (by ) Tj ET Q q 0 0 0 rg BT 262.58 338.35 Td (Hydro-Qubec ) Tj ET Q q 0 0 0 rg BT 323.60 338.35 Td (in ) Tj ET Q q 0 0 0 rg BT 333.11 338.35 Td (2014. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 316.75 Td (Concurrent ) Tj ET Q q 0 0 0 rg BT 142.09 316.75 Td (with ) Tj ET Q q 0 0 0 rg BT 161.16 316.75 Td (the ) Tj ET Q q 0 0 0 rg BT 176.74 316.75 Td (closing ) Tj ET Q q 0 0 0 rg BT 207.82 316.75 Td (of ) Tj ET Q q 0 0 0 rg BT 218.39 316.75 Td (the ) Tj ET Q q 0 0 0 rg BT 233.97 316.75 Td (financing, ) Tj ET Q q 0 0 0 rg BT 275.56 316.75 Td (V) Tj ET Q q 0 0 0 rg BT 281.40 316.75 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 347.00 316.75 Td (L.P) Tj ET Q q 0 0 0 rg BT 359.35 316.75 Td (. ) Tj ET Q q 0 0 0 rg BT 364.92 316.75 Td (has ) Tj ET Q q 0 0 0 rg BT 382.50 316.75 Td (settled ) Tj ET Q q 0 0 0 rg BT 412.08 316.75 Td (the ) Tj ET Q q 0 0 0 rg BT 427.66 316.75 Td (bond ) Tj ET Q q 0 0 0 rg BT 450.75 316.75 Td (forward ) Tj ET Q q 0 0 0 rg BT 483.82 316.75 Td (contracts ) Tj ET Q q 0 0 0 rg BT 523.40 316.75 Td (used ) Tj ET Q q 0 0 0 rg BT 545.99 316.75 Td (to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 305.95 Td (hedge ) Tj ET Q q 0 0 0 rg BT 121.86 305.95 Td (the ) Tj ET Q q 0 0 0 rg BT 136.71 305.95 Td (interest ) Tj ET Q q 0 0 0 rg BT 168.56 305.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 186.40 305.95 Td (on ) Tj ET Q q 0 0 0 rg BT 198.75 305.95 Td (the ) Tj ET Q q 0 0 0 rg BT 213.59 305.95 Td (debt ) Tj ET Q q 0 0 0 rg BT 233.45 305.95 Td (and ) Tj ET Q q 0 0 0 rg BT 250.80 305.95 Td (therefore ) Tj ET Q q 0 0 0 rg BT 289.16 305.95 Td (protect ) Tj ET Q q 0 0 0 rg BT 319.01 305.95 Td (the ) Tj ET Q q 0 0 0 rg BT 333.85 305.95 Td (expected ) Tj ET Q q 0 0 0 rg BT 372.71 305.95 Td (returns ) Tj ET Q q 0 0 0 rg BT 403.06 305.95 Td (on ) Tj ET Q q 0 0 0 rg BT 415.41 305.95 Td (the ) Tj ET Q q 0 0 0 rg BT 430.25 305.95 Td (project, ) Tj ET Q q 0 0 0 rg BT 462.10 305.95 Td (giving ) Tj ET Q q 0 0 0 rg BT 487.95 305.95 Td (rise ) Tj ET Q q 0 0 0 rg BT 504.79 305.95 Td (to ) Tj ET Q q 0 0 0 rg BT 514.63 305.95 Td (a ) Tj ET Q q 0 0 0 rg BT 521.97 305.95 Td (realized ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 295.15 Td (gain ) Tj ET Q q 0 0 0 rg BT 114.08 295.15 Td (on ) Tj ET Q q 0 0 0 rg BT 126.66 295.15 Td (derivative ) Tj ET Q q 0 0 0 rg BT 167.74 295.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 203.33 295.15 Td (instruments ) Tj ET Q q 0 0 0 rg BT 252.41 295.15 Td (of ) Tj ET Q q 0 0 0 rg BT 262.49 295.15 Td (approximately ) Tj ET Q q 0 0 0 rg BT 321.08 295.15 Td ($2.2million ) Tj ET Q q 0 0 0 rg BT 369.17 295.15 Td (and ) Tj ET Q q 0 0 0 rg BT 386.75 295.15 Td (partly ) Tj ET Q q 0 0 0 rg BT 411.32 295.15 Td (of) Tj ET Q q 0 0 0 rg BT 418.67 295.15 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 450.25 295.15 Td (the ) Tj ET Q q 0 0 0 rg BT 465.33 295.15 Td (higher ) Tj ET Q q 0 0 0 rg BT 492.91 295.15 Td (interest-rate ) Tj ET Q q 0 0 0 rg BT 543.50 295.15 Td (on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 284.35 Td (the ) Tj ET Q q 0 0 0 rg BT 109.69 284.35 Td (project ) Tj ET Q q 0 0 0 rg BT 139.38 284.35 Td (debt. ) Tj ET Q q 0 0 0 rg BT 162.08 284.35 Td (V) Tj ET Q q 0 0 0 rg BT 167.92 284.35 Td (iger-Denonville, ) Tj ET Q q 0 0 0 rg BT 233.13 284.35 Td (L.P) Tj ET Q q 0 0 0 rg BT 245.48 284.35 Td (. ) Tj ET Q q 0 0 0 rg BT 250.65 284.35 Td (entered ) Tj ET Q q 0 0 0 rg BT 283.86 284.35 Td (into ) Tj ET Q q 0 0 0 rg BT 301.05 284.35 Td (an ) Tj ET Q q 0 0 0 rg BT 313.74 284.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 345.93 284.35 Td (rate ) Tj ET Q q 0 0 0 rg BT 364.12 284.35 Td (swap ) Tj ET Q q 0 0 0 rg BT 387.80 284.35 Td (of ) Tj ET Q q 0 0 0 rg BT 397.99 284.35 Td ($58,520, ) Tj ET Q q 0 0 0 rg BT 435.70 284.35 Td (maturing ) Tj ET Q q 0 0 0 rg BT 473.40 284.35 Td (in ) Tj ET Q q 0 0 0 rg BT 483.08 284.35 Td (2031 ) Tj ET Q q 0 0 0 rg BT 505.78 284.35 Td (and ) Tj ET Q q 0 0 0 rg BT 523.47 284.35 Td (bearing ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 273.55 Td (an ) Tj ET Q q 0 0 0 rg BT 107.01 273.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 139.03 273.55 Td (rate ) Tj ET Q q 0 0 0 rg BT 157.03 273.55 Td (of ) Tj ET Q q 0 0 0 rg BT 167.04 273.55 Td (3.40%. ) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0 0.6 rg BT 76.50 238.75 Td (d. ) Tj ET Q q 0.2 0 0.6 rg BT 90.00 238.75 Td (Changes to the Dividend Reinvestment Plan) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 94.50 215.95 Td (In view of current market conditions, the Corporation has elected to eliminate the 2.5% discount applicable to the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 205.15 Td (purchase price of shares issued to shareholders participating in the Dividend Reinvestment Plan. ) Tj ET Q q 0 0 0 rg BT 482.05 205.15 Td (This change ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.50 194.35 Td (came into ef) Tj ET Q q 0 0 0 rg BT 143.36 194.35 Td (fect on ) Tj ET Q q 0 0 0 rg BT 172.38 194.35 Td (August 8, 2013. ) Tj ET Q endstream endobj 153 0 obj <> /View <>>>>> endobj 154 0 obj <> /View <>>>>> endobj 155 0 obj <> endobj 156 0 obj <> endobj 157 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;