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## ALGONQUIN POWER & UTILITIES CORP. 

Notes to the Consolidated Financial Statements December 31, 2012 and 2011 

 (in thousands of Canadian dollars except as noted and amounts per share) 

## 12. Other assets 

Other assets consist of the following: 

<img src='content_image/219169.jpg'>

## 13. Other long-term liabilities 

Other long-term liabilities consist of the following: 

<img src='content_image/219167.jpg'>

In conjunction with recent acquisitions, the Company assumed certain asset retirement obligations. These obligations have remained substantially unchanged since the acquisition date, except for normal accretion adjustments. The asset retirement obligations mainly relate to legal requirements to: (i) remove wind farm facilities upon termination of land leases; (ii) cut (disconnect from the distribution system), purge (clean of natural gas and PCB contaminants) and cap gas mains within the gas distribution and transmission system when mains are retired in place, or dispose of sections of gas main when removed from the pipeline system, (iii) clean and remove storage tanks containing waste oil and other waste contaminants, and (iv) remove asbestos upon major renovation or demolition of structures and facilities. 

