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  • Income from continuing operations reached $2,882 million, compared to $2,797 million last year, when a non-recurring foreign exchange gain in the amount of $234 million was recognized. This result is primarily attributable to a $290-million increase in Hydro-Québec Production's net electricity exports due especially to a higher sales volume and favorable market conditions.
  • Revenue was up by $1,169 million (11%) to total $12,330 million in 2007.
Consolidated Financial Highlights
In millions of Canadian dollars 2007
Twelve months ended December 31
2006
Twelve months ended
December 31
2005
Twelve months ended December 31
Revenue 12,330 11,161 10,887
Expenditure
Operations 2,545 2,394 2,248
Electricity and fuel purchases 1,555 1,315 1,496
Depreciation and amortization 1,991 2,007 2,023
Taxes 816 529 594
Regulatory deferrals 29 (93) (11)
Total expenditure 6,936 6,152 6,350
Operating income 5,394 5,009 4,537
Financial expenses 2,512 2,212 2,186
Income from continuing operations 2,882 2,797 2,351
Income (loss) from discontinued operations 25 944 (99)
Net income 2,907 3,741 2,252
Dividends declared 2,095 2,342 1,126
Balance sheet summary
Total assets 64,852 63,254 60,431
Long-term debt, including current portion and perpetual debt 34,534 34,427 33,007
Equity 20,892 18,840 17,376
Investments for continuing operations affecting cash
Property, plant and equipment and intangible assets 3,464 3,348 3,293
Costs related to Energy Efficiency Plan 172 149 91
Total investments 3,636 3,497 3,384

Note: Certain comparative figures have been reclassified to reflect the presentation adopted for 2007.

Source: Hydro-Québec.

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