EX-99.6 7 selectsum_q310.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 4, 2010

 

BELL CANADA

 

  By:

(signed) Karyn A. Brooks

  Name:
Title:

Karyn A. Brooks
Senior Vice-President and Controller

 


 

Bell Canada

UNAUDITED SELECTED SUMMARY FINANCIAL INFORMATION(1)
For the periods ended September 30, 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 nine months ended September 30, 2010.

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

 

 

2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009

 

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

4,516 4,457 13,386 13,085 4,516 4,457 13,386 13,085

Earnings from Continuing Operations

555 584 1,809 1,372 414 302 1,499 1,074 (414) (302) (1,499) (1,074) 555 584 1,809 1,372

Net Earnings

555 584 1,809 1,362 414 302 1,499 1,064 (414) (302) (1,499) (1,064) 555 584 1,809 1,362
 
 

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,
  2010 2009 2010 2009 2010 2009 2010 2009 2010 2009
Current Assets 1,860 1,697 4,220 2,931 53 53 (2,372) (1,397) 3,761 3,284
Long-Term Assets 16,560 16,410 28,932 29,400 21 20 (10,838) (11,064) 34,675 34,766
Total Current Liabilities 1,098 455 6,892 5,724 (2,368) (1,393) 5,622 4,786
Long-Term Liabilities 67 678 14,164 14,743 315 (180) 14,546 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.