Investor Presentaiton
The following table reconciles the non-IFRS financial metrics to the most directly comparable IFRS measures. Net
income (loss) is reconciled to Funds From Operations for the three months and twelve months ended December 31:
For the three months ended
For the twelve months ended
UNAUDITED
(MILLIONS)
Net income (loss)
Add back or deduct the following:
December 31
December 31
2021
2020
2021
2020
33 $
(5) $
(66) $
(45)
Depreciation
Deferred income tax expense (recovery)
381
337
1,501
1,367
(97)
(185)
(29)
(213)
Foreign exchange and unrealized financial instruments
gain (loss)
54
(115)3
32
(127)
Other(13)
120
314
453
648
Amount attributable to equity accounted investment and
non-controlling interest(15)
(277)
(145)
(957)
(823)
Funds From Operations
214 $
201
$
934 $
807
Normalized long-term average generation adjustment
43
41
161
75
Normalized foreign currency adjustment
6
(4)
Normalized Funds From Operations
263 $
242
$
1,091 $
882
The following table reconciles the per Unit non-IFRS financial metrics to the most directly comparable IFRS measures.
Net income (loss) per LP unit is reconciled to Funds From Operations per Unit, for the three and twelve months ended
December 31:
Net income (loss) per LP unit(1)
For the three months ended
For the twelve months ended
December 31
December 31
2021
$
(0.12) $
2020
(0.22) $
2021
2020
(0.69) $
(0.61)
Adjust for the proportionate share of
Depreciation
0.33
0.33
1.43
1.24
Foreign exchange and financial instruments loss (gain)
0.10
0.20
0.06
Deferred income tax recovery and other
0.02
0.20
0.51
0.63
Funds From Operations per Unit(3)
0.33 $
0.31
1.45 $
1.32
Normalized long-term average generation adjustment
0.07
0.06
0.25
0.13
Normalized foreign exchange adjustment
0.01
(0.01)
Normalized Funds From Operations per Unit(3)
0.41 $
0.37
$
1.69 $
1.45View entire presentation