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Image: Cover - Financial Profile   Financial Profile 2005-2006

Our financial performance in 2005 shows that Hydro-Québec can continue to grow in spite of higher supply costs, increased financial costs and upward pressure on pension expense.

In 2005, income from continuing operations totaled $2,249 million compared to $2,125 million in 2004. This $124-million increase is mainly due to higher net short-term exports and sales growth in Québec. However, it was mitigated by the higher pension expense, depreciation and amortization, supply costs on outside markets and financial expenses.

Consolidated net income totaled $2,252 million, compared to $2,435 million in 2004. The figure for 2004 included a gain of $265 million attributable to the sale of our interest in Noverco.

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Cue Card 2006 [PDF–52 Kb]

Summary


General Data
1. Hydro-Québec is ...
2. Message from the Executive Vice President, Finance and Chief Financial Officer
3. Consolidated Financial
4. Data and Operating Statistics
5. Results by Operating Segment
6. Financial Ratios
7. Electricity Rates and CPI 2001-2006
8. Comparative Index of Electricity Prices in 2005
9. North American Electricity Prices
10. Québec Regulatory Environment
11. Electricity Supply Plan 2005-2014 – Progress Report
12. Long-Term Contracts Awarded by Tender
13. Bringing Wind Power onto the Grid
14. Portfolio of Hydro-Québec Production Projects
15. Portfolio of Hydro-Québec TransÉnergie Projects
16. Location of Projects
17. Generating Facilities 2005
18. Major Facilities
19. Transactions with Neighboring Systems
20. Risk Management

Financial Situation
21. Investments in Property, Plant and Equipment and Intangible Assets 2002-2006
22. Income 2001-2006
23. Revenue 2001-2006
24. Expenditure 2001-2006
25. Funds from Operations 2001-2006
26. Financial Expenses 2001-2006

Debt and Risk Management
27. Financing Objectives and Strategies
28. Breakdown of Debt by Repayment Currency 2001-2006
29. Financing Needs 2002-2006
30. Debt Maturities 2006-2016
31. 10-year Canadian Spreads
32. Average Maturity of Debt 2001-2005
34. Breakdown of Total Debt by Fixed and Floating Rate 2001-2005
35. Guarantee of the Corporation’s Debt and Credit Ratings
36. Preauthorized Financing
37. Financial and Risk Management Officers




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