EX-99.6 7 selectsumm_q110.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: May 6, 2010

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 March 31, 2010 and 2009

(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, 2009 and the unaudited consolidated financial statements for the three months ended March 31, 2010. 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 March 31:

 

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
 

 

         

 

2010   2009   2010   2009   2010   2009   2010   2009   2010   2009  

Operating Revenues

    4,432   4,331           4,432   4,331  

Earnings from Continuing Operations

637   412   499   402       (499 ) (402 ) 637   412  

Net Earnings

637   406   500   395       (500 ) (395 ) 637   406  


 

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
 

 

         

 

Mar. 31,   Dec. 31,   Mar. 31,  

Dec. 31,

  Mar. 31,   Dec. 31,   Mar. 31,   Dec. 31,   Mar. 31,  

Dec. 31,

 

 

2010   2009   2010   2009   2010   2009   2010   2009   2010   2009  

Current Assets

1,867   1,697   3,654   2,931   53   53   (2,194 ) (1,397 ) 3,380   3,284  

Long-Term Assets

16,393   16,410   28,834   29,400   21   20   (10,667 ) (11,064 ) 34,581   34,766  

Total Current Liabilities

1,083   455   5,931   5,724           (2,188 ) (1,393 ) 4,826   4,786  

Long-Term Liabilities

181   678   14,612   14,743           316   (180 ) 15,109   15,241  

 
(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.