EX-99.6 7 bellselsummq309.htm BELL CANADA UNAUDITED SELECTED SUMMARY FINANCIAL INFORMATION Bell Canada Unaudited Selected Summary Financial Information

EXHIBIT 99.6

NOTICE OF RELIANCE
SECTION 13.4 OF NATIONAL INSTRUMENT 51-102
CONTINUOUS DISCLOSURE OBLIGATIONS

 

To:

Alberta Securities Commission
British Columbia Securities Commission
Manitoba Securities Commission
Securities Commission, New Brunswick
Securities Commission of Newfoundland and Labrador
Nova Scotia Securities Commission
Ontario Securities Commission
Registrar of Securities, Prince Edward Island
Autorité des marchés financiers
Saskatchewan Financial Services Commission – Securities Division
Toronto Stock Exchange

 

Notice is hereby given that Bell Canada relies on the continuous disclosure documents filed by BCE Inc. pursuant to the exemption from the requirements of National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”) provided in Section 13.4 of NI 51-102.

The continuous disclosure documents of BCE Inc. can be found for viewing in electronic format at www.sedar.com.

Attached to this notice and forming part thereof is the consolidating summary financial information for BCE Inc. as required by Section 13.4 of NI 51-102.

Dated: November 12, 2009

  BELL CANADA

 

  By:

(signed) Karyn A. Brooks
 

 

Name:

Karyn A. Brooks
 

 

Title:

Senior Vice-President and Controller

 


 

Bell Canada

 

 

UNAUDITED SELECTED SUMMARY FINANCIAL INFORMATION(1)

For the periods ended September 30, 2009 and 2008

(in millions of Canadian dollars)

BCE Inc. fully and unconditionally guarantees the payment obligations of its 100% owned subsidiary Bell Canada under the public debt issued by Bell Canada. Accordingly, the following summary financial information is provided by Bell Canada in compliance with the requirements of section 13.4 of National Instrument 51-102 (Continuous Disclosure Obligations) providing for an exemption for certain credit support issuers. The tables below contain selected summary financial information for (i) BCE Inc. (as credit supporter), (ii) Bell Canada (as credit support issuer) on a consolidated basis, (iii) BCE Inc.’s subsidiaries, other than Bell Canada, on a combined basis, (iv) consolidating adjustments, and (v) BCE Inc. and all of its subsidiaries on a consolidated basis, in each case for the periods indicated. Such summary financial information for BCE Inc. and Bell Canada and all other subsidiaries is intended to provide investors with meaningful and comparable financial information about BCE Inc. and its subsidiaries. This summary financial information should be read in conjunction with BCE Inc.’s audited consolidated financial statements for the year ended December 31, 2008 and the unaudited consolidated financial statements for the nine months ended September 30, 2009. We have reclassified some of the figures for the comparative periods in the consolidated financial statements to make them consistent with the presentation for the current period. In 2009, we decided to sell certain of our businesses and they are now shown as discontinued operations. We have restated financial information for the previous periods to reflect these decisions.

For the periods ended September 30:

 

BCE INC.

(“CREDIT SUPPORTER”) (2)

 

BELL CANADA CONSOLIDATED

(“CREDIT SUPPORT ISSUER”)

 

SUBSIDIARIES OF BCE INC.

OTHER THAN BELL CANADA (3)

 

 CONSOLIDATING

ADJUSTMENTS (4)

 

BCE

CONSOLIDATED

 

 

         

 

2009   2008   2009   2008   2009   2008   2009   2008   2009   2008   2009   2008   2009   2008   2009   2008   2009   2008   2009   2008  

 

Three   Three   Nine   Nine   Three   Three   Nine   Nine   Three   Three   Nine   Nine   Three   Three   Nine   Nine   Three   Three   Nine   Nine  

 

months   months   months   months   months   months   months   months   months   months   months   months   months   months   months   months   months   months   months   months  

Operating Revenues

        4,457   4,436   13,085   13,181     1     4           4,457   4,437   13,085   13,185  

Earnings from Continuing Operations

584   303   1,372   1,010   302   303   1,074   1,000     (1 )   (2 ) (302 ) (302 ) (1,074 ) (998)   584   303   1,372   1,010  

Net Earnings

584   280   1,362   961   302   280   1,064   952     (1 )   (2 ) (302 ) (279 ) (1,064 ) (950)   584   280   1,362   961  

 

 

BCE INC.

(“CREDIT SUPPORTER”) (2)

 

BELL CANADA CONSOLIDATED

(“CREDIT SUPPORT ISSUER”)

 

SUBSIDIARIES OF BCE INC.

OTHER THAN BELL CANADA (3)

 

CONSOLIDATING

ADJUSTMENTS (4)

 

BCE

CONSOLIDATED

 

 

         

 

Sept. 30,

 

Dec. 31,

 

Sept. 30,

 

Dec. 31,

 

Sept. 30,

 

Dec. 31,

 

Sept. 30,

 

Dec. 31,

 

Sept. 30,

 

Dec. 31,

 

 

2009

 

2008

 

2009

 

2008

 

2009

 

2008

 

2009

 

2008

 

2009

 

2008

 

Current Assets

1,552

 

2,754

 

3,124

 

4,886

 

53

 

53

 

(1,065)

 

(2,115)

 

3,664

 

5,578

 

Long-Term Assets

16,546

 

16,693

 

28,745

 

28,371

 

20

 

20

 

(11,244)

 

(10,999)

 

34,067

 

34,085

 

Total Current Liabilities

454

 

1,680

 

5,029

 

6,655

 

-

 

-

 

(1,060)

 

(2,108)

 

4,423

 

6,227

 

Long-Term Liabilities

675

 

456

 

14,765

 

14,254

 

-

 

-

 

(162)

 

335

 

15,278

 

15,045

 

 

(1)

The summary financial information is presented in accordance with Canadian generally accepted accounting principles.

(2)

This column accounts for investments in all subsidiaries of BCE Inc. under the equity method.

(3)

This column accounts for investments in all subsidiaries of BCE Inc. (other than Bell Canada) on a consolidated basis.

(4)

This column includes the necessary amounts to eliminate the intercompany balances between BCE Inc., Bell Canada and other subsidiaries and other adjustments to arrive at the information for BCE Inc. on a consolidated basis.