Reliant FORM 10-K manual 182 240 413 388 262 16,961

Supplemental Consolidating Balance Sheets as of December 31, 2002:

			Nortel		Nortel				Non-
			Networks	Networks			Guarantor		Guarantor
(millions of U.S. dollars)	Corporation				Limited	Subsidiaries		Subsidiaries		Eliminations			Total
ASSETS
Current assets
Cash and cash equivalents	$		35	$	251	$	2,392	$	1,112	$	–	$	3,790
Restricted cash and cash equivalents			–		6		176		67		–		249
Accounts receivable — net			–		288		1,524		414		–		2,226
Intercompany/related party accounts receivable			–		4,147		994		713		(5,852)		2
Inventories — net			–		546		712		248		–		1,506
Income taxes recoverable		1			1		51		61		–		114
Deferred income taxes — net		12			178		615		(15)		–		790
Other current assets			–		146		395		109		–		650
Total current assets		48			5,563		6,859		2,709		(5,852)		9,327
Investments		5,124			1,531		(8,055)		518		1,119		237
Plant and equipment — net			–		425		865		402		–		1,692
Goodwill			–		–		1,954		245		–		2,199
Intangible assets — net			–		39		2		98		–		139
Deferred income taxes — net		(26)			1,077		1,510		21		–		2,582
Other assets		36			605		1,278		395		(1,529)		785
Total assets	$	5,182	$	9,240	$	4,413	$	4,388	$	(6,262)	$	16,961
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Notes payable	$		–	$	2	$	3	$	25	$	–	$	30
Trade and other accounts payable			–		342		391		70		–		803
Intercompany/related party accounts payable		289			110		3,052		2,401		(5,852)		–
Payroll and benefit-related liabilities			–		104		298		83		–		485
Contractual liabilities		(1)			43		536		316		–		894
Restructuring			–		78		329		100		–		507
Other accrued liabilities		41			540		2,243		433		–		3,257
Long-term debt due within one year			–		174		14		55		–		243
Total current liabilities		329			1,393		6,866		3,483		(5,852)		6,219
Long-term debt		1,800			1,603		166		391		–		3,960
Deferred income taxes — net			–		263		84		(10)		–		337
Other liabilities			–		764		2,071		1,455		(1,529)		2,761
Total liabilities		2,129			4,023		9,187		5,319		(7,381)		13,277
Minority interests in subsidiary companies			–		–		–		95		536		631
SHAREHOLDERS’ EQUITY
Preferred shares			–		536		342		46		(924)		–
Common shares		33,234			1,211		6,129		2,134		(9,474)		33,234
Additional paid-in capital		3,753			22,007		1,432		19,507		(42,946)		3,753
Deferred stock option compensation		(17)			–		–		(26)		26		(17)
Accumulated deficit		(32,966)			(17,596)		(13,423)		(22,565)		53,584		(32,966)
Accumulated other comprehensive income (loss)		(951)			(941)		746		(122)		317		(951)
Total shareholders’ equity		3,053			5,217		(4,774)		(1,026)		583		3,053
Total liabilities and shareholders’ equity	$	5,182		$	9,240	$	4,413	$	4,388	$	(6,262)	$	16,961

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