|
 |
 |
|
 |
|
|
 |
|
|
|
|
| Consolidated statement of changes in shareholders'
equity |
 |
|
|
|
|
|
|
| For the year ended October 31 (C$
millions) |
|
2003 |
|
|
2002 |
|
|
2001 |
|
|
|
|
|
|
| Preferred shares |
|
|
|
|
|
|
|
|
|
| |
Balance at beginning of year |
$ |
1,545 |
|
$ |
2,024 |
|
$ |
2,037 |
|
|
Issued |
|
- |
|
|
- |
|
|
250 |
|
|
Redeemed for cancellation |
|
(645 |
) |
|
(468 |
) |
|
(300 |
) |
|
Translation adjustment on shares denominated
in foreign currency |
|
(68 |
) |
|
(11 |
) |
|
37 |
|
|
|
|
|
|
|
Balance at end of year |
|
832 |
|
|
1,545 |
|
|
2,024 |
|
|
|
|
|
|
| Common shares |
|
|
|
|
|
|
|
|
|
|
Balance at beginning of year |
|
6,979 |
|
|
6,940 |
|
|
3,076 |
|
|
Issued |
|
193 |
|
|
191 |
|
|
3,976 |
|
|
Purchased for cancellation |
|
(154 |
) |
|
(152 |
) |
|
(112 |
) |
|
|
|
|
|
|
Balance at end of year |
|
7,018 |
|
|
6,979 |
|
|
6,940 |
|
|
|
|
|
|
| Additional paid-in capital |
|
|
|
|
|
|
|
|
|
|
Balance at beginning of year |
|
78 |
|
|
33 |
|
|
- |
|
|
Renounced stock appreciation rights, net of
related income taxes |
|
- |
|
|
31 |
|
|
- |
|
|
Stock options granted |
|
7 |
|
|
14 |
|
|
33 |
|
|
|
|
|
|
|
Balance at end of year |
|
85 |
|
|
78 |
|
|
33 |
|
|
|
|
|
|
| Retained earnings |
|
|
|
|
|
|
|
|
|
|
Balance at beginning of year |
|
10,181 |
|
|
9,168 |
|
|
8,428 |
|
|
Net income |
|
3,005 |
|
|
2,762 |
|
|
2,411 |
|
|
Preferred share dividends |
|
(68 |
) |
|
(98 |
) |
|
(135 |
) |
|
Common share dividends |
|
(1,137 |
) |
|
(1,022 |
) |
|
(897 |
) |
|
Cumulative effect of initial adoption of Employee
Future Benefits accounting
standard,
net of related income taxes |
|
- |
|
|
- |
|
|
(221 |
) |
|
Premium paid on common shares purchased for
cancellation |
|
(698 |
) |
|
(612 |
) |
|
(397 |
) |
|
Issuance costs, net of related income taxes |
|
(4 |
) |
|
(1 |
) |
|
(19 |
) |
|
Change in unrealized foreign currency translation
gains and losses |
|
(2,988 |
) |
|
(59 |
) |
|
473 |
|
|
Impact of hedging unrealized foreign currency
translation gains and losses,
net of related income taxes |
|
2,149 |
|
|
43 |
|
|
(475 |
) |
|
|
|
|
|
|
Balance at end of year |
|
10,440 |
|
|
10,181 |
|
|
9,168 |
|
|
|
|
|
|
| Shareholders' equity at end of year |
$ |
18,375 |
|
$ |
18,783 |
|
$ |
18,165 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
