01—Abstract
Summary
Summary of the 40-F/A filed May 7, 2014. Cited figures are marked; the original filing is the authoritative source.
This document is Amendment No. 1 (Form 40-F/A) to Enbridge Inc.'s annual report for the fiscal year ended December 31, 2013.
Enbridge filed it on May 6, 2014, to correct typographical errors in the PricewaterhouseCoopers LLP auditor's report, which was included as Exhibit 99.6 of the original filing dated February 14, 2014. The corrected report is attached as Exhibit 99.3. The amendment states that no other changes were made to the original filing or its other exhibits.
The filing contains no financial statements, operating results, revenue, earnings, or balance-sheet figures. Its only substantive financial data point is that 831,107,036 common shares were outstanding as of December 31, 2013. Investors seeking Enbridge's 2013 financial performance should consult the original February 14, 2014 Form 40-F.
The corrected auditor's report carries an unqualified opinion. PwC concluded that Enbridge's consolidated financial statements for 2013, 2012, and 2011 present fairly, in all material respects, in accordance with U.S. GAAP.
It also concluded that the company maintained effective internal control over financial reporting as of December 31, 2013, based on COSO's 1992 framework. The amendment does not change these conclusions.
02—Key points
Key Highlights
- The amendment corrects only typographical errors in the PwC Independent Auditor's Report (originally Exhibit 99.6), with the corrected report filed as Exhibit 99.3. No other content was changed.
- The original Form 40-F for fiscal 2013 was filed February 14, 2014. This amendment was signed May 6, 2014, and speaks as of the original filing date.
- PwC issued an unqualified opinion on Enbridge's 2013, 2012, and 2011 consolidated financial statements under U.S. GAAP.
- PwC concluded that Enbridge maintained effective internal control over financial reporting as of December 31, 2013, under COSO (1992) criteria.
- Enbridge had 831,107,036 common shares outstanding as of December 31, 2013. Its common shares trade on the New York Stock Exchange.
- The filing includes Section 302 CEO and CFO certifications (Exhibits 99.1 and 99.2) and PwC's consent (Exhibit 99.4), but it contains no financial statements or MD&A results.
- The filing is a narrow administrative correction. It does not reflect events after February 14, 2014, and does not update any disclosure in the original filing.
03—Questions
Frequently Asked Questions
Why did Enbridge file this amendment?
Enbridge filed Amendment No. 1 solely to correct typographical errors in the PricewaterhouseCoopers LLP auditor's report included in the original 2013 Form 40-F. The corrected report is Exhibit 99.3. The company made no other changes.
Does this amendment change Enbridge's 2013 financial results?
No. The amendment contains no financial statements or results and states that no other changes were made to the original filing. The financial results remain as reported in the original Form 40-F filed February 14, 2014.
What did the auditor conclude about Enbridge's financial statements and internal controls?
PwC issued unqualified opinions. It found that the consolidated financial statements for 2013, 2012, and 2011 present fairly, in all material respects, in accordance with U.S. GAAP. It also found that Enbridge maintained effective internal control over financial reporting as of December 31, 2013, under COSO's 1992 framework.
How many Enbridge common shares were outstanding at the end of 2013?
There were 831,107,036 common shares outstanding as of December 31, 2013, according to the cover page of the filing.
04—Continue