EX-99.5 6 selected_q215.htm BELL CANADA UNAUDITED SELECTED SUMMARY FINANCIAL INFORMATION UNAUDITED SELECTED SUMMARY FINANCIAL INFORMATION

Exhibit 99.5

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

Financial and Consumer Services Commission, New Brunswick

Office of the Superintendent of Securities, Newfoundland and Labrador

Nova Scotia Securities Commission

Ontario Securities Commission

Office of the Superintendent of Securities, Prince Edward Island

Autorité des marchés financiers

Financial and Consumer Affairs Authority of Saskatchewan

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: August 6, 2015

BELL CANADA

 

By: (signed) Thierry Chaumont
Name: Thierry Chaumont
Title: Senior Vice-President and Controller

 

 


 

Bell Canada

UNAUDITED SELECTED SUMMARY FINANCIAL INFORMATION(1)
For the periods ended June 30, 2015 and 2014

(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, 2014 and the unaudited consolidated interim financial report for the six months ended June 30, 2015.

For the periods ended June 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

 

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

 

Three Three Six Six Three Three Six Six Three Three Six Six Three Three Six Six Three Three Six Six

 

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

Operating revenues

5,327 5,220 10,567 10,319 (1) (1) 5,326 5,220 10,566 10,319

Net earnings from continuing operations attributable to owners

798 639 1,368 1,287 791 508 1,351 1,031 (791) (508) (1,351) (1,031) 798 639 1,368 1,287

Net earnings attributable to owners

798 639 1,368 1,287 791 508 1,351 1,031 (791) (508) (1,351) (1,031) 798 639 1,368 1,287

 

As at June 30, 2015 and December 31, 2014 respectively:

 

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

 

June 30,

Dec. 31,

June 30,

Dec. 31, June 30, Dec. 31, June 30, Dec. 31,

June 30,

Dec. 31,

 

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Total Current Assets

1,944 1,850 5,172 5,370 53 53 (3,077) (2,725) 4,092 4,548

Total Non-current Assets

16,166 15,018 36,004 35,236 21 21 (9,364) (8,526) 42,827 41,749

Total Current Liabilities

1,774 1,640 11,273 10,172 (3,073) (2,723) 9,974 9,089

Total Non-current Liabilities

270 281 19,654 21,043 641 645 20,565 21,969

 

(1) The summary financial information is prepared in accordance with International Financial Reporting Standards and is in accordance with generally accepted accounting principles issued by the Canadian Accounting Standards Board for publicly-accountable enterprises.
(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.