content_image/20903.jpg
## CONSOLIDATED BALANCE SHEETS 

DECEMBER 31, 2004 AND 2003 

(thousands of dollars) 

<img src='content_image/20903.jpg'>

Commitments and contingencies (note 16) 

(See accompanying notes) 

## On Behalf of the Board 

John R. Evans Director 

J. Spencer Lanthier Director 

