Dominion Power 2005 Annual Report Download - page 59

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At December 31, 2005 2004
(millions)
Liabilities and Shareholders’ Equity
Current Liabilities
Securities due within one year $ 2,330 $ 1,368
Short-term debt 1,618 573
Accounts payable 2,756 1,956
Accrued interest, payroll and taxes 694 578
Derivative liabilities 6,087 2,858
Other 995 695
Total current liabilities 14,480 8,028
Long-Term Debt
Long-term debt 13,237 14,078
Junior subordinated notes payable to affiliated trusts 1,416 1,429
Total long-term debt 14,653 15,507
Deferred Credits and Other Liabilities
Deferred income taxes 4,926 5,424
Deferred investment tax credits 58 75
Asset retirement obligations 2,249 1,705
Derivative liabilities 3,971 1,583
Regulatory liabilities 607 610
Other 1,062 803
Total deferred credits and other liabilities 12,873 10,200
Total liabilities 42,006 33,735
Commitments and Contingencies (see Note 23)
Subsidiary Preferred Stock Not Subject To Mandatory Redemption 257 257
Common Shareholders’ Equity
Common stock
—
no par(1) 11,286 10,888
Other paid-in capital 125 92
Retained earnings 1,550 1,442
Accumulated other comprehensive loss (2,564) (996)
Total common shareholders’ equity 10,397 11,426
Total liabilities and shareholders’ equity $52,660 $45,418
(1) 500 million shares authorized; 347 million shares and 340 million shares outstanding at December 31, 2005 and December 31, 2004, respectively.
The accompanying notes are an integral part of our Consolidated Financial Statements.
Dominion 2005 57