EX-99.6 7 d192709dex996.htm BELL CANADA UNAUDITED SELECTED SUMMARY FINANCIAL INFORMATION BELL CANADA UNAUDITED SELECTED SUMMARY FINANCIAL INFORMATION

Exhibit 99.6

NOTICE OF RELIANCE

SECTION 13.4 OF NATIONAL INSTRUMENT 51-102

CONTINUOUS DISCLOSURE OBLIGATIONS

 

To:

Alberta Securities Commission

British Columbia Securities Commission

Manitoba Securities Commission

Financial and Consumer Services Commission, New Brunswick

Office of the Superintendent of Securities, Newfoundland and Labrador

Nova Scotia Securities Commission

Ontario Securities Commission

Office of the Superintendent of Securities, Prince Edward Island

Autorité des marchés financiers

Financial and Consumer Affairs Authority of Saskatchewan

Toronto Stock Exchange

 

Notice is hereby given that Bell Canada relies on the continuous disclosure documents filed by BCE Inc. pursuant to the exemption from the requirements of National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”) provided in Section 13.4 of NI 51-102.

The continuous disclosure documents of BCE Inc. can be found for viewing in electronic format at www.sedar.com.

Attached to this notice and forming part thereof is the consolidating summary financial information for BCE Inc. as required by Section 13.4 of NI 51-102.

Dated: August 5, 2021

BELL CANADA

 

 

By:

  

(signed) Thierry Chaumont                

Name:

  

Thierry Chaumont

Title:

  

Senior Vice-President, Controller and Tax

 

LOGO

 

 BELL CANADA

 

 

 

UNAUDITED SELECTED SUMMARY FINANCIAL INFORMATION(1)

For the periods ended June 30, 2021 and 2020

(in millions of Canadian dollars)

 

BCE Inc. fully and unconditionally guarantees the payment obligations of its 100% owned subsidiary Bell Canada under the public debt issued by Bell Canada. Accordingly, the following summary financial information is provided by Bell Canada in compliance with the requirements of section 13.4 of National Instrument 51-102 (Continuous Disclosure Obligations) providing for an exemption for certain credit support issuers. The tables below contain selected summary financial information for (i) BCE Inc. (as credit supporter), (ii) Bell Canada (as credit support issuer) on a consolidated basis, (iii) BCE Inc.’s subsidiaries, other than Bell Canada, on a combined basis, (iv) consolidating adjustments, and (v) BCE Inc. and all of its subsidiaries on a consolidated basis, in each case for the periods indicated. Such summary financial information for BCE Inc. and Bell Canada and all other subsidiaries is intended to provide investors with meaningful and comparable financial information about BCE Inc. and its subsidiaries. This summary financial information should be read in conjunction with BCE Inc.’s audited consolidated financial statements for the year ended December 31, 2020 and the unaudited consolidated interim financial report for the six months ended June 30, 2021.

For the periods ended June 30:

 

          BCE INC.           BELL CANADA CONSOLIDATED     SUBSIDIARIES OF BCE INC.           CONSOLIDATING                 BCE INC.        
     (“CREDIT SUPPORTER”)(2)     (“CREDIT SUPPORT ISSUER”)     OTHER THAN BELL CANADA(3)            ADJUSTMENTS(4)                   CONSOLIDATED         
     2021     2020     2021     2020     2021     2020     2021     2020     2021     2020     2021     2020     2021     2020     2021     2020     2021     2020     2021     2020  
    Three     Three     Six     Six     Three     Three     Six     Six     Three     Three     Six     Six     Three     Three     Six     Six     Three     Three     Six     Six  
     months     months     months     months     months     months     months     months     months     months     months     months     months     months     months     months     months     months     months     months  

  Operating revenues

     –       –       –       –       5,699       5,355       11,405       10,995       –       –       –       –       (1 )      (1 )      (1 )      (1 )      5,698       5,354       11,404       10,994  

  Net earnings from continuing operations attributable to owners

     717       267       1,391       980       874       476       1,571       1,172       36       37       69       71       (910 )      (513 )      (1,640 )      (1,243 )      717       267       1,391       980  

  Net earnings attributable to owners

     717       271       1,391       989       874       480       1,571       1,181       36       37       69       71       (910 )      (517 )      (1,640 )      (1,252 )      717       271       1,391       989  

As at June 30, 2021 and December 31, 2020, respectively:    

 

    BCE INC.        BELL CANADA CONSOLIDATED        SUBSIDIARIES OF BCE INC.        CONSOLIDATING      BCE INC.  
     (“CREDIT SUPPORTER”)(2)        (“CREDIT SUPPORT ISSUER”)        OTHER THAN BELL CANADA(3)        ADJUSTMENTS(4)      CONSOLIDATED  
    Jun. 30,     Dec. 31,        Jun. 30,     Dec. 31,        Jun. 30,     Dec. 31,        Jun. 30,     Dec. 31,      Jun. 30,     Dec. 31,  
     2021     2020        2021     2020        2021     2020        2021     2020      2021     2020  

  Total Current Assets

     495       711          10,929       9,291          231       337          (4,709 )      (4,651 )       6,946       5,688  

  Total Non-current Assets

     26,991       24,971          50,713       48,444          38       38          (20,557 )      (18,476 )       57,185       54,977  

  Total Current Liabilities

     4,997       4,589          7,981       8,238          84       95          (4,709 )      (4,651 )       8,353       8,271  

  Total Non-current Liabilities

     60       104          32,359       30,367          –       –          590       594        33,009       31,065  

 

(1)

The summary financial information is prepared in accordance with International Financial Reporting Standards (IFRS) and is in accordance with generally accepted accounting principles issued by the Canadian Accounting Standards Board for publicly-accountable enterprises.

(2)

This column accounts for investments in all subsidiaries of BCE Inc. under the equity method.

(3)

This column accounts for investments in all subsidiaries of BCE Inc. (other than Bell Canada) on a consolidated basis.

(4)

This column includes the necessary amounts to eliminate the intercompany balances between BCE Inc., Bell Canada and other subsidiaries and other adjustments to arrive at the information for BCE Inc. on a consolidated basis.