Northern Pipeline Agency Quarterly Financial Report (unaudited) - Graphs For the Quarter Ended June 30, 2011

Graph 1 Variances in Authorities as at June 30, 2011

(in thousands of dollars)	Fiscal year 2010-2011	Fiscal year 2011-2012
	Total available for use for the year ending 31-Mar-11	Total available for use for the year ended 31-Mar-12
Vote 1 - Operating	820,721	699,342
Vote 5 - Capital	16,036	19,892
Vote 10 - Grants and contributions	1,877,636	1,267,523
Statutory	1,754,085	1,672,691
Total budgetary authorities	4,468,478	3,659,448

Return to Graph 1

Graph 2 Variances in Expenditures for Significant Standard Objects as at June 30, 2011

(in thousands of dollars)	Fiscal year 2010-2011	Fiscal year 2011-2012
	Expended during the quarter ended 30-Jun-10	Expended during the quarter ended 30-Jun-11
Personnel	116,183	113,464
Professional and special services	33,441	14,224
Transfer payments	394,738	118,286
Total gross budgetary expenditures	574,082	280,622

Return to Graph 2

---

Graph 1 Variances in Authorities as at September 30, 2011

(in thousands of dollars)	Fiscal year 2010-2011	Fiscal year 2011-2012
	Total available for use for the year ending 31-Mar-11	Total available for use for the year ended 31-Mar-12
Vote 1 - Operating	850,562	735,253
Vote 5 - Capital	16,036	19,892
Vote 10 - Grants and contributions	1,877,636	1,267,523
Statutory	1,754,085	1,672,691
Total budgetary authorities	4,498,319	3,695,359

Return to Graph 1

Graph 2 Variance in Expenditures for Significant Standard Objects at at September 30, 2011

(in thousands of dollars)	Fiscal year 2010-2011	Fiscal year 2011-2012
	Expended during the quarter ended 30-Sep-10	Expended during the quarter ended 30-Sep-11
Personnel	109,129	127,114
Professional and special services	73,794	54,862
Transfer payments	724,827	597,752
Total gross budgetary expenditures	939,220	806,184

Return to Graph 2