Consolidated statement of income   For the year ended October 31 (C$ millions) 2003   2002 2001   Interest income     Loans  $ 10,150     $ 10,463    $ 12,032   Securities 2,740   2,852 3,075   Assets purchased under reverse repurchase agreements 787   651 1,163   Deposits with banks 376   483 831   14,053   14,449 17,101   Interest expense Deposits 5,452   5,709 8,712   Other liabilities 1,583   1,399 1,668   Subordinated debentures 376   406 410   7,411   7,514 10,790   Net interest income 6,642   6,935 6,311   Non-interest income Insurance premiums, investment and fee income 2,356   2,043 1,824   Trading revenues 2,009   1,766 1,820   Investment management and custodial fees 1,143   1,177 1,094   Securities brokerage commissions 1,108   1,223 1,045   Deposit and payment service charges 1,078   1,041 887   Mutual fund revenues 673   723 692   Underwriting and other advisory fees 671   643 478   Card service revenues 518   496 458   Foreign exchange revenues, other than trading 279   276 303   Credit fees 227   223 237   Mortgage banking revenues 198   222 206   Securitization revenues 165   174 123   Gain (loss) on sale of investment account securities 31   (111 ) (130 ) Gain from divestitures -   - 445   Other 320   424 283   10,776   10,320 9,765   Total revenues 17,418   17,255 16,076   Provision for credit losses 721   1,065 1,119   Insurance policyholder benefits, claims and acquisition expense 1,696   1,535 1,344   Non-interest expense Human resources 6,448   6,315 5,723   Occupancy 775   796 724   Equipment 834   820 771   Communications 757   801 686   Professional fees 466   419 412   Outsourced item processing 292   306 303   Amortization of goodwill -   - 248   Amortization of other intangibles 71   72 36   Other 766   891 852   10,409   10,420 9,755   Net income before income taxes 4,592   4,235 3,858   Income taxes 1,460   1,365 1,340   Net income before non-controlling interest 3,132   2,870 2,518   Non-controlling interest in net income of subsidiaries 127   108 107   Net income $ 3,005   $ 2,762   $ 2,411               Preferred share dividends 68   98 135   Net income available to common shareholders $ 2,937   $ 2,664   $ 2,276   Average number of common shares (in thousands) 662,080   672,571 641,516   Earnings per share (in dollars) $ 4.44   $ 3.96   $ 3.55   Average number of diluted common shares (in thousands) 669,016   678,120 647,216   Diluted earnings per share (in dollars) $ 4.39   $ 3.93   $ 3.52   Dividends per share (in dollars) $ 1.72   $ 1.52   $ 1.38