Topic:"Depreciation Amortization" in M12779

NSP Maritime Link Inc. Consolidated Statement of Cash Flows Year Ended December 31 millions of Canadian dollars 2025 2024 Operating activities Net income $ 41.1 $ 44.7 Adjustments to reconcile net income to net cash provided by operating a...

AI summary The consolidated statement of cash flows for NSP Maritime Link Inc. shows net cash provided by operating activities of 114.7 million Canadian dollars in 2025, compared to (387.6) million in 2024. Net income decreased from 44.7 million to 41.1 million during the same period. Significant adjustments include depreciation and amortization, and changes in regulatory assets and liabilities.

PP&E PP&E is recorded at original cost, AFUDC and amortization of debt financing costs incurred during construction. Costs incurred to develop the Project include the original cost of materials, contracted services, direct labour, overhead...

AI summary PP&E is recorded at original cost, including AFUDC and amortization of debt financing costs during construction. Overhead costs such as finance, IT, and management are included. PP&E is depreciated over 38 years, from the in-service date of Maritime Link assets until 2056.

Refund of prior year assessments to NSPI On November 29, 2024, the NSEB approved NSPML's application for the creation of a $500 million regulatory asset relating to a refund to NSPI for a portion of previous NSPML assessment payments to he...

AI summary The NSEB approved the creation of a $500 million regulatory asset for NSPML to refund NSPI for prior assessments related to the delayed Muskrat Falls project. The asset was amortized over 28 years, with $18.6 million amortized in 2025 and the unamortized balance at $481.4 million as of December 31, 2025.

Deferral of Depreciation and Amortization In response to the delayed timing of energy delivery from Muskrat Falls, the NSEB approved NSPML's proposal to defer the recovery of depreciation and amortization expense in 2018 and 2019; as well...

AI summary The NSEB approved NSPML's proposal to defer depreciation and amortization expenses from 2018 to 2021 due to delays in energy delivery from Muskrat Falls. A regulatory asset was created to account for the difference between USGAAP and regulatory decisions. Amortization of deferred costs began in 2022, and the unamortized balance as of December 31, 2025, is $111.5 million.

The following table reflects the composition of taxes on income from continuing operations presented in the Consolidated Statements of Income for the years ended December 31: Canada Canada millions of Canadian dollars (Federal) (Provincial...

AI summary The document provides a detailed breakdown of taxes on income from continuing operations, including deferred income tax assets and liabilities for the years 2025 and 2024. It also outlines NSPML's tax carryforwards, including net operating loss carryforwards, investment tax credits, and capital loss carryforwards, along with associated deferred tax assets and valuation allowances.

NSP Maritime Link Inc. millions of Canadian dollars 2025 Rate Base Cash Restricted Cash 15.3 Due from related parties 0.3 Regualtory Assets 39.8 1.3 1.3 Note 3 Other current assets 1.1 Total current assets 57.8 Accumulated Depreciation (39...

AI summary The document provides a financial overview of NSP Maritime Link Inc. in 2025, detailing assets, liabilities, equity, and depreciation. Key items include regulatory assets, accumulated depreciation, and long-term debt. The note references an approved depreciation study.

Note 2: Total Capital Spend $1,558.6 plus AFUDC $207.6; adjusted for capital costs realting to marine cable protection not yet in rate base $10.5m Note 3: Primarily represents the deferral of depreciation and amortization, plus the deferra...

AI summary The text provides notes on capital spend, AFUDC, adjustments for marine cable protection, deferral of depreciation and amortization, and deferred financing charges. These notes relate to financial and accounting considerations within a regulatory proceeding.

Regulated Balance Sheet December, 2025 NSP Maritime Link Inc. millions of Canadian dollars 2025 Rate Base Marine Survey cost deferral 1.3 Total current regulatory asset 1.3 GAAP Depreciation 187.9 Amortization of DFC 5.5 Approved Depreciat...

AI summary The Regulated Balance Sheet for NSP Maritime Link Inc. as of December 2025 details financial positions including a $1.3M current regulatory asset, $187.9M GAAP depreciation, and $1,080M total debt. Key items include FLG Financing of $1,300M, accumulated amortization, and annual debt payments from 2020 to 2025. Approved depreciation figures from 2020 and 2021 are also noted.

- Part 2 - CCA calculation - Г 1 2 3 4 5 6 7 8 Class number Description Proceeds of dispositions of the DIEP (enter amount from column 8 that relates to the DIEP reported in column 4) UCC (column 2 plus column 3 plus or minus column 5 minu...

AI summary This table outlines the calculation of Capital Cost Allowance (CCA) for different classes of assets, including descriptions, proceeds from dispositions, UCC calculations, immediate expensing, and cost of acquisitions. It provides a structured approach to determining CCA for various asset classes.

- Part 2 - CCA calculation (continued) - Note 8: Include all amounts you have repaid during the year for any legally required repayment, made after the disposition of a corresponding property, of: - assistance that would have otherwise inc...

AI summary This section outlines the requirements for including legally required repayments and adjustments to the Undepreciated Capital Cost (UCC) of properties in the Capital Cost Allowance (CCA) calculation. It also details deductions for outlays and expenses related to property dispositions and adjustments for zero-emission passenger vehicles.

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AI summary The text contains a portion of a regulatory proceeding document with notes on taxable capital employed in Canada, capital cost allowance, and related accounting terms. It outlines regulations, calculations, and conditions for taxable income and capital employed.

NSPML 2025 Financial Statements and Cost Containment Reports NSEB IR-12 Attachment 1 Page 71 of 79 REDACTED NSP Maritime Link Incorporated 82957 4318 RC0001 Adjustment date $_{\textstyle \textstyle \textstyle \textstyle \textstyle \textsty...

AI summary The text provides a fragment of a financial statement and cost containment report for NSP Maritime Link Incorporated, including a table with adjustment dates and financial terms related to accounting and depreciation. The content is partially redacted and appears to be part of a regulatory proceeding.