EX-99.6 7 d368918dex996.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 4, 2022

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, 2022 and 2021

(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, 2021 and the unaudited consolidated interim financial report for the six months ended June 30, 2022.

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  
     2022     2021     2022     2021     2022     2021     2022     2021     2022     2021     2022     2021     2022     2021     2022     2021     2022     2021     2022     2021  
    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

     -       -       -       -       5,861       5,699       11,712       11,405       -       -       -       -       -       (1 )      (1 )      (1 )      5,861       5,698       11,711       11,404  

  Net earnings from continuing operations attributable to owners

     631       717       1,542       1,391       671       874       1,599       1,571       55       36       92       69       (726 )      (910 )      (1,691 )      (1,640 )      631       717       1,542       1,391  

  Net earnings attributable to owners

     631       717       1,542       1,391       671       874       1,599       1,571       55       36       92       69       (726 )      (910 )      (1,691 )      (1,640 )      631       717       1,542       1,391  

As at June 30, 2022 and December 31, 2021, 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      
       June 30,         Dec. 31,            June 30,             Dec. 31,         June 30,         Dec. 31,                June 30,        Dec. 31,            June 30,        Dec. 31,      
        2022         2021            2022             2021         2022         2021            2022        2021        2022        2021      

  Total Current Assets

        965           561              7,517               6,826           384           292              (2,564 )         (1,481 )         6,302          6,198      

  Total Non-current Assets

        24,779           23,804              55,353               54,140           39           38              (18,443 )         (17,416 )         61,728          60,566      

  Total Current Liabilities

        2,285           1,672              9,947               8,841           81           81              (2,564 )         (1,481 )         9,749          9,113      

  Total Non-current Liabilities

        21           58              33,913               34,066           –           –              582          586          34,516          34,710      

 

(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.