Financial Information

Segmented Earnings

(CAD$ in millions)

	2012	2011
Liquids Pipelines Gas Distribution Gas Pipelines, Processing and Energy Services Sponsored Investments Corporate	726 207 (478) 282 (127)	505 (88) 305 269 (171)



Net Earnings	610	820

(CAD$ in millions)

	2012	2011

Assets
Current Assets	6,600	5,647
Property, Plant and Equipment, Net	33,318	29,074
Long-Term Investments	3,386	3,081
Deferred Amounts and Other Assets	2,622	2,500
Intangible Assets, Net	817	711
Goodwill	419	440
Deferred Income Taxes	10	41

Total Assets	47,172	41,494


Liabilities and Equity (CAD $ in millions)
Current Liabilities	7,069	6,165
Long-Term Debt	20,203	19,251
Other Long-term Liabilities	2,541	2,208
Deferred Income Taxes	2,601	2,615
Redeemable Noncontrolling Interests	1,000	640
Noncontrolling Interests	3,258	3,141
Total Enbridge Inc. Shareholders’ Equity	10,500	7,474

Total Liabilities and Equity	47,172	41,494

Canada's largest gas distribution company. Serving 1.9 million customers in Ontario, Quebec and New York State.

Distributing natural gas to institutional, commercial, industrial and residential customers across nine New Brunswick communities.

Enbridge's U.S. operations - a leader in energy transportation in the Midwest, Mid-Continent and Gulf Coast regions of the United States.

A U.S. master limited partnership with oil and gas delivery assets.

Enbridge Income Fund Holdings Inc. (EIFH) is a publicly-traded Canadian Corporation that invests in low-risk energy infrastructure assets.

Provides pipeline and natural gas distribution consulting and training services internationally.

Committed to focusing on the constantly changing needs of commercial and industrial customers located in the Midwest.

	2012	2011
Revenue Expenses	25,306 23,794	27,053 24,422

Operating Income Income from Equity Investments Other Income Interest Expense Income Taxes Earnings Attributable to Noncontrolling Interests and Redeemable Noncontrolling Interests Extraordinary Loss, Net of Tax	1,512 160 240 (841) (128) (228) -	2,631 210 117 (928) (526) (409) (262)





Earnings Attributable to Enbridge Inc. Preference Share Dividends	715 (105)	833 (13)
Earnings Attributable to Enbridge Inc. Common Shareholders	610	820

	2012	2011
Operating Activities Investing Activities Financing Activities Effect of Translation of Foreign Denominated Cash and Cash Equivalents Increase/ (decrease) in Cash and Equivalents Cash and Cash Equivalents at Beginning of Year	2,874 (6,204) 4,395 (12) 1,053 723	3,371 (5,079) 2,030 25 347 376





Cash and Cash Equivalents at End of Year	1,776	723