CHANGES IN ACCOUNTING POLICIES FOR 2013

12 Months Ended

Dec. 31, 2013

CHANGES IN ACCOUNTING POLICIES FOR 2013

CHANGES IN ACCOUNTING POLICIES FOR 2013

NOTE 3    CHANGES IN ACCOUNTING POLICIES FOR 2013

Balance Sheet Offsetting/Netting

Effective January 1, 2013, the Partnership adopted the Accounting Standards Update (ASU) on disclosures about balance sheet offsetting as issued by the Financial Accounting Standards Board (FASB) to enable readers to evaluate the effects of netting arrangements on the Partnership's financial position. Adoption of the ASU has resulted in increased qualitative and quantitative disclosures (see note 18) regarding certain derivative instruments that are either offset in accordance with current GAAP or are subject to a master netting arrangement or similar agreement.

Accumulated Other Comprehensive Income

Effective January 1, 2013, the Partnership adopted the ASU on reporting of amounts reclassified out of AOCI as issued by the FASB. Adoption of the ASU has resulted in providing additional qualitative and quantitative disclosures regarding significant amounts reclassified out of accumulated other comprehensive income into net income (see note 10).