EX-99.6 7 d511489dex996.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

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.sedarplus.ca.

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 3, 2023

 

BELL CANADA
By:      (signed) Thierry Chaumont            
Name: Thierry Chaumont
Title:    Senior Vice-President, Controller and Tax

 

LOGO

 

  BELL CANADA

 

UNAUDITED SELECTED SUMMARY FINANCIAL INFORMATION(1)

For the periods ended June 30, 2023 and 2022

(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, 2022 and the unaudited consolidated interim financial report for the six months ended June 30, 2023.

For the periods ended June 30:

 

          BCE INC.           BELL CANADA CONSOLIDATED     SUBSIDIARIES OF BCE INC.           CONSOLIDATING                 BCE INC.        
     (“CREDIT SUPPORTER”)(2)     (“CREDIT SUPPORT ISSUER”)     OTHER THAN BELL CANADA(3)            ADJUSTMENTS(4)                   CONSOLIDATED         
     2023     2022     2023     2022     2023     2022     2023     2022     2023     2022     2023     2022     2023     2022     2023     2022     2023     2022     2023     2022  
    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

     –       –       –       –       6,066       5,861       12,120       11,712       –       –       –       –       –       –       –       (1 )      6,066       5,861       12,120       11,711  

Net earnings from continuing operations attributable to owners

     375       631       1,146       1,542       748       671       1,506       1,599       43       55       90       92       (791 )      (726 )      (1,596 )      (1,691 )      375       631       1,146       1,542  

Net earnings attributable to owners

     375       631       1,146       1,542       748       671       1,506       1,599       43       55       90       92       (791 )      (726 )      (1,596 )      (1,691 )      375       631       1,146       1,542  

As at June 30, 2023 and December 31, 2022, respectively:

 

    BCE INC.           BELL CANADA CONSOLIDATED           SUBSIDIARIES OF BCE INC.           CONSOLIDATING           BCE INC.              
     (“CREDIT SUPPORTER”)(2)            (“CREDIT SUPPORT ISSUER”)            OTHER THAN BELL CANADA(3)            ADJUSTMENTS(4)            CONSOLIDATED              
    June 30,     Dec. 31,                 June 30,     Dec. 31,                 June 30,     Dec. 31,                 June 30,             Dec. 31,           June 30,             Dec. 31,              
     2023      2022                    2023      2022                    2023      2022                    2023      2022             2023      2022               

Total Current Assets

     758       744                  8,912       7,865                  563       473                          (3,267 )      (2,595 )                               6,966       6,487              

Total Non-current Assets

     23,299       23,856           57,040       56,461           38       38           (17,294 )      (17,513 )        63,083       62,842              

Total Current Liabilities

     2,881       2,401           12,896       11,583           81       81           (3,267 )      (2,596 )        12,591       11,469              

Total Non-current Liabilities

     54       21                       35,380       34,746                       –       –                       575       578               36,009       35,345              

 

(1) 

The summary financial information is prepared in accordance with International Financial Reporting Standards (IFRS) 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.