Form CC‑2d

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ABC Corporation Limited
CC‑2d
Liabilities – supporting details
Environmental liabilities
March 31, 2017

(in thousands of dollars)

To be completed only by consolidated Crown corporations and other entities on an annual basis.

Table Summary

This table consists of twelve columns. The first column displays the different remediation expenditures, the next columns display the Nature and source of: Radioactive material, Former mineral exploration sites, Military and former military sites, Fuel related practices, Landfill/waste sites, Engineered asset/air and land transportation, Marine facilities/aquatic sites, Parks and protected areas, Office/commercial/industrial operations, Other and Total.

Environmental liabilities
Remediation liabilities for contaminated sites
  1 2 3 4 5 6 7 8 9 10 1+2+3+4+5+6+7+8+9+10
  Nature and source Nature and source Nature and source Nature and source Nature and source Nature and source Nature and source Nature and source Nature and source Nature and source  
Nature and source
of liability 30		 Radioactive material Former mineral exporation sites Military and former military sites Fuel related practices Landfill/ waste sites Engineered
asset/ air and
land transportation		 Marine facilities/ aquatic sites Parks and protected areas Office/ commercial/ industrial operations Other Totals
Average estimated years to completion...       5   10          
Average discount rate
applied 31...		       1.77%   2.54%          
Inflation rate
applied 32...		       2.00%   2.00%          
Opening balance - April 1 (Undiscounted)       255   925         1,180
Opening balance - April 1 (Discounted as previously reported)       250   900         1,150
Expenditures reducing liabilities previously reported (-)       -75   -100         -175
Changes to liability previously reported (+/-)       5             5
New liability for sites with no liability reported (+)       20   5         25
Closing balance - March 31 - Discounted (31       200   805         1,005
Closing balance - Expected Recoveries 34 (-)       0   -5         -5
Closing balance - March 31 (net of recoveries)31 0 0 0 200 0 800 0 0 0 0 1,000
Closing balance - March 31 - Undiscounted (including CPI) 32 33 (excluding recoveries)       205   850         1,055
Total remediation expenditures in current year (including internal allocations, if any)       80   100         180

PS 3260 disclosure questions: (mandatory)

  1. Are all liabilities discounted if the cash flow required to settle the obligation is over extended future periods?

    (Yes/No);
    If No, please explain;

  2. Identify the source of the discount rate and the month:

    e.g. Government of Canada long term lending rates at March 31, 2017 31;

  3. Were the discount rates all adjusted to reflect the current period, eg. March 31, 2017?

    (Yes/No);
    If No, please explain;

  4. Identify the method of discounting:

    e.g. Single rate method or Multiple rate Method;

  5. Have all existing sites been adjusted for inflation?

    (Yes/No)
    If yes, what inflation rate was applied (%);
    If no, please explain;

  6. Are there any significant assumptions made affecting the liability stimate?

  7. Are there any sites suspected of contamination but not yet recognized?

    (If yes, record on CC-2d-1)
Table Summary

This table consists of twelve columns. The first column presents details of Asset retirement obligations. The next ten columns present the different type of assets. The last column presents the Totals.

Asset retirement obligations
  1 2 3 4 5 6 7 8 9 10 1+2+3+4+5+6+7+8+9+10
  Asset Asset Asset Asset Asset Asset Asset Asset Asset Asset  
Asset (building X, storage facility Y, building Y, etc.) Building X Storage Facility Y Building Y Facility X             Totals
Average estimated years to settle the obligation 25 25 25 25              
Average discount rate applied 31... 2.11% 2.11% 2.11% 2.11%              
Inflation rate applied 33 2.00% 2.00% 2.00% 2.00%              
Opening balance - April 1 995 498 298 698             2,489
Liabilities settled (-) 0 0 0 0             0
Liabilities incurred during the year (+) 0 0 0 0             0
Accretion expense (+/-) 4 1 1 1             7
Inflation adjustment (+/-) 1 1 1 1             4
Revision in estimate (+/-)                     0
Closing balance - March 31 31 1,000 500 300 700 0 0 0 0 0 0 2,500
Total (Agrees with total reported for remediation liabilities and asset retirement obligations reported on form CC‑2) A+B 3,500

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