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REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS (Tables) | 6 Months Ended
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Jun. 30, 2013
REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS |
Schedule of effect of correction in Consolidated Statements of Earnings and Consolidated Statements of Financial Position |
|  | Three months ended June 30, 2012 |  | Three months ended June 30, 2011
|  | As Previously Reported |  | Adjustment |  | As Revised |  | As Previously Reported |  | Adjustment |  | As Revised
(unaudited; millions of Canadian dollars, except per share amounts) |  |  |  |  |  |  |  |  |  |  |  |
Transportation and other services revenues |  | 886 |  | (2) |  | 884 |  | 1,063 |  | (3) |  | 1,060
Depreciation and amortization |  | 300 |  | 10 |  | 310 |  | 274 |  | 10 |  | 284
Income from equity investments |  | 34 |  | 9 |  | 43 |  | 54 |  | 6 |  | 60
Income taxes recovery/(expense) |  | 18 |  | - |  | 18 |  | (144) |  | 1 |  | (143)
Earnings |  | 79 |  | (3) |  | 76 |  | 400 |  | (6) |  | 394
Earnings attributable to noncontrolling interests and redeemable noncontrolling interests |  | (45) |  | - |  | (45) |  | (96) |  | 1 |  | (95)
Earnings attributable to Enbridge Inc. |  | 34 |  | (3) |  | 31 |  | 304 |  | (5) |  | 299
Earnings attributable to Enbridge Inc. common shareholders |  | 11 |  | (3) |  | 8 |  | 302 |  | (5) |  | 297
Earnings per common share attributable to Enbridge Inc. common shareholders |  | 0.01 |  | - |  | 0.01 |  | 0.40 |  | (0.01) |  | 0.39
Diluted earnings per common share attributable to Enbridge Inc. common shareholders |  | 0.01 |  | - |  | 0.01 |  | 0.40 |  | (0.01) |  | 0.39
|  | Six months ended June 30, 2012 |  | Six months ended June 30, 2011
|  | As Previously Reported |  | Adjustment |  | As Revised |  | As Previously Reported |  | Adjustment |  | As Revised
(unaudited; millions of Canadian dollars, except per share amounts) |  |  |  |  |  |  |  |  |  |  |  |
Transportation and other services revenues |  | 1,908 |  | (4) |  | 1,904 |  | 2,102 |  | (5) |  | 2,097
Depreciation and amortization |  | 590 |  | 20 |  | 610 |  | 551 |  | 21 |  | 572
Income from equity investments |  | 72 |  | 17 |  | 89 |  | 109 |  | 12 |  | 121
Income taxes expense |  | (12) |  | 1 |  | (11) |  | (247) |  | 3 |  | (244)
Earnings |  | 438 |  | (6) |  | 432 |  | 833 |  | (11) |  | 822
Earnings attributable to noncontrolling interests and redeemable noncontrolling interests |  | (125) |  | - |  | (125) |  | (163) |  | 1 |  | (162)
Earnings attributable to Enbridge Inc. |  | 313 |  | (6) |  | 307 |  | 670 |  | (10) |  | 660
Earnings attributable to Enbridge Inc. common shareholders |  | 275 |  | (6) |  | 269 |  | 666 |  | (10) |  | 656
Earnings per common share attributable to Enbridge Inc. common shareholders |  | 0.36 |  | (0.01) |  | 0.35 |  | 0.89 |  | (0.02) |  | 0.87
Diluted earnings per common share attributable to Enbridge Inc. common shareholders |  | 0.35 |  | - |  | 0.35 |  | 0.88 |  | (0.02) |  | 0.86
|  | Three months ended September 30, 2012 |  | Three months ended September 30, 2011
|  | As Previously Reported |  | Adjustment |  | As Revised |  | As Previously Reported |  | Adjustment |  | As Revised
(unaudited; millions of Canadian dollars, except per share amounts) |  |  |  |  |  |  |  |  |  |  |  |
Transportation and other services revenues |  | 910 |  | (2) |  | 908 |  | 888 |  | (2) |  | 886
Depreciation and amortization |  | 293 |  | 8 |  | 301 |  | 272 |  | 10 |  | 282
Income from equity investments |  | 32 |  | 8 |  | 40 |  | 31 |  | 6 |  | 37
Income taxes recovery/(expense) |  | (2) |  | - |  | (2) |  | 24 |  | 1 |  | 25
Earnings |  | 328 |  | (2) |  | 326 |  | 58 |  | (5) |  | 53
Earnings attributable to noncontrolling interests and redeemable noncontrolling interests |  | (108) |  | - |  | (108) |  | (62) |  | - |  | (62)
Earnings attributable to Enbridge Inc. |  | 220 |  | (2) |  | 218 |  | (4) |  | (5) |  | (9)
Earnings attributable to Enbridge Inc. common shareholders |  | 189 |  | (2) |  | 187 |  | (5) |  | (5) |  | (10)
Earnings per common share attributable to Enbridge Inc. common shareholders |  | 0.24 |  | - |  | 0.24 |  | (0.01) |  | - |  | (0.01)
Diluted earnings per common share attributable to Enbridge Inc. common shareholders |  | 0.24 |  | - |  | 0.24 |  | (0.01) |  | - |  | (0.01)
|  | Nine months ended September 30, 2012 |  | Nine months ended September 30, 2011
|  | As Previously Reported |  | Adjustment |  | As Revised |  | As Previously Reported |  | Adjustment |  | As Revised
(unaudited; millions of Canadian dollars, except per share amounts) |  |  |  |  |  |  |  |  |  |  |  |
Transportation and other services revenues |  | 2,818 |  | (6) |  | 2,812 |  | 2,990 |  | (7) |  | 2,983
Depreciation and amortization |  | 883 |  | 28 |  | 911 |  | 823 |  | 31 |  | 854
Income from equity investments |  | 104 |  | 25 |  | 129 |  | 140 |  | 18 |  | 158
Income taxes expense |  | (14) |  | 1 |  | (13) |  | (223) |  | 4 |  | (219)
Earnings |  | 766 |  | (8) |  | 758 |  | 891 |  | (16) |  | 875
Earnings attributable to noncontrolling interests and redeemable noncontrolling interests |  | (233) |  | - |  | (233) |  | (225) |  | 1 |  | (224)
Earnings attributable to Enbridge Inc. |  | 533 |  | (8) |  | 525 |  | 666 |  | (15) |  | 651
Earnings attributable to Enbridge Inc. common shareholders |  | 464 |  | (8) |  | 456 |  | 661 |  | (15) |  | 646
Earnings per common share attributable to Enbridge Inc. common shareholders |  | 0.60 |  | (0.01) |  | 0.59 |  | 0.88 |  | (0.02) |  | 0.86
Diluted earnings per common share attributable to Enbridge Inc. common shareholders |  | 0.59 |  | - |  | 0.59 |  | 0.87 |  | (0.02) |  | 0.85
|  | Year ended December 31, 2012 |  | Year ended December 31, 2011
|  | As Previously Reported |  | Adjustment |  | As Revised |  | As Previously Reported |  | Adjustment |  | As Revised
(unaudited; millions of Canadian dollars, except per share amounts) |  |  |  |  |  |  |  |  |  |  |  |
Transportation and other services revenues |  | 4,295 |  | (7) |  | 4,288 |  | 4,536 |  | (8) |  | 4,528
Depreciation and amortization |  | 1,206 |  | 36 |  | 1,242 |  | 1,112 |  | 42 |  | 1,154
Income from equity investments |  | 160 |  | 35 |  | 195 |  | 210 |  | 23 |  | 233
Income taxes expense |  | (128) |  | 1 |  | (127) |  | (526) |  | 6 |  | (520)
Earnings |  | 943 |  | (7) |  | 936 |  | 1,242 |  | (21) |  | 1,221
Earnings attributable to noncontrolling interests and redeemable noncontrolling interests |  | (228) |  | (1) |  | (229) |  | (409) |  | 2 |  | (407)
Earnings attributable to Enbridge Inc. |  | 715 |  | (8) |  | 707 |  | 833 |  | (19) |  | 814
Earnings attributable to Enbridge Inc. common shareholders |  | 610 |  | (8) |  | 602 |  | 820 |  | (19) |  | 801
Earnings per common share attributable to Enbridge Inc. common shareholders |  | 0.79 |  | (0.01) |  | 0.78 |  | 1.09 |  | (0.02) |  | 1.07
Diluted earnings per common share attributable to Enbridge Inc. common shareholders |  | 0.78 |  | (0.01) |  | 0.77 |  | 1.08 |  | (0.03) |  | 1.05
|  | Year ended December 31, 2010
|  | As Previously Reported |  | Adjustment |  | As Revised
(unaudited; millions of Canadian dollars, except per share amounts) |  |  |  |  |  |
Transportation and other services revenues |  | 3,843 |  | (4) |  | 3,839
Depreciation and amortization |  | 1,017 |  | 22 |  | 1,039
Income from equity investments |  | 228 |  | 4 |  | 232
Income taxes expense |  | (227) |  | 4 |  | (223)
Earnings |  | 781 |  | (18) |  | 763
Earnings attributable to noncontrolling interests and redeemable noncontrolling interests |  | 170 |  | 4 |  | 174
Earnings attributable to Enbridge Inc. |  | 951 |  | (14) |  | 937
Earnings attributable to Enbridge Inc. common shareholders |  | 944 |  | (14) |  | 930
Earnings per common share attributable to Enbridge Inc. common shareholders |  | 1.27 |  | (0.01) |  | 1.26
Diluted earnings per common share attributable to Enbridge Inc. common shareholders |  | 1.26 |  | (0.02) |  | 1.24
|  | As at December 31, 2012 |  | As at December 31, 2011
|  | As Previously Reported |  | Adjustment |  | As Revised |  | As Previously Reported |  | Adjustment |  | As Revised
(unaudited; millions of Canadian dollars) |  |  |  |  |  |  |  |  |  |  |  |
Long-term investments |  | 3,386 |  | (211) |  | 3,175 |  | 3,081 |  | (248) |  | 2,833
Deferred amounts and other assets |  | 2,622 |  | (161) |  | 2,461 |  | 2,500 |  | (116) |  | 2,384
Deferred income tax liabilities |  | 2,601 |  | (118) |  | 2,483 |  | 2,615 |  | (116) |  | 2,499
Retained earnings |  | 3,464 |  | (291) |  | 3,173 |  | 3,926 |  | (284) |  | 3,642
Accumulated other comprehensive loss |  | (1,799) |  | 37 |  | (1,762) |  | (1,532) |  | 36 |  | (1,496)

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22644-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22663-107794 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22658-107794 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 154 -Paragraph 26 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 9 -Paragraph 26 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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