Summary
This Form 40-F filing for Enbridge Inc. (ENB) as of December 31, 2004, provides an overview of the company's financial reporting and corporate governance practices. The company confirms it meets all requirements for filing on Form 40-F and has effective disclosure controls and procedures overseen by management, including the CEO and CFO. Enbridge has a robust governance structure with an Audit Committee that includes financial experts and operates under a Code of Ethics. Financially, the filing details Enbridge's contractual obligations, highlighting a significant amount of long-term debt and non-recourse long-term debt totaling over CAD $5.9 billion. The company also discloses substantial long-term contracts and other long-term liabilities, indicating a long-term financial commitment. PricewaterhouseCoopers LLP has served as the auditor since 1992, with all services pre-approved by the Audit, Finance & Risk Committee, underscoring a commitment to transparency and adherence to regulatory standards like Sarbanes-Oxley.
Key Highlights
- 1Enbridge Inc. (ENB) filed its 2004 Annual Report on Form 40-F on March 16, 2005.
- 2The company reported effective disclosure controls and procedures, certified by the CEO and CFO.
- 3Audit Committee members, including Messrs. D. Arledge and W. R. Fatt, are identified as audit committee financial experts and are independent.
- 4PricewaterhouseCoopers LLP has been the auditor since 1992, with all services pre-approved by the Audit, Finance & Risk Committee.
- 5Total contractual obligations amounted to CAD $7,526.5 million, with the largest portion, CAD $3,897.1 million, due after 5 years.
- 6Long-term debt stands at CAD $5,222.4 million, with a substantial CAD $2,788.3 million due after 5 years.
- 7The filing includes an undertaking to cooperate with SEC staff inquiries and provides access to various supporting documents, including financial statements and CEO/CFO certifications.