17. Deferred revenue (millions)
2014
2013
Current Unearned customer capital contributions
$ 59
$ 90
Non-current Unearned government grants
9
6
$ 68
$ 96
a. Unearned customer capital contributions (millions)
2014
2013
Balance, beginning of year
$ 41
$ 59
Additions Refunds Revenue
44
66
(2)
(2)
(24)
(33)
Balance, end of year
$ 59
$ 90
b. Unearned government grants (millions)
2014
2013
Balance, beginning of year
$
9 –
$
9
Amortization
(3)
Balance, end of year
$
9
$
6
Unearned government grants represent amounts received to compensate the Corporation for the cost of certain items of property, plant and equipment. In 2014, the Corporation sold its Swan Valley Gas Corporation distribution assets and recognized the remaining $3 million of government grants it had received from various levels of government for constructing the distribution system. There are no unfulfilled conditions or other contingencies attached to these government grants.
18. Employee future benefits
a. Pension plans During the year, the Corporation contributed $6 million (2013 – $5 million) to pension plans on behalf of employees for current services. The Corporation made no contributions to the defined benefit plan during the year, as all members had reached 35 years of service in 2013. While no longer contributing, a number of employees remain members of the plan until retirement.
60
Consolidated Financial Statements
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