Consolidated statement of income   For the year ended October 31 (C$ millions)      2003        2002        2001 Interest income Loans $ 10,150   $ 10,463   $ 12,032   Trading account securities 1,908   1,945   2,143   Available for sale securities 832   907   932   Assets purchased under reverse repurchase agreements 787   651   1,163   Deposits with banks 374   482   831   14,051   14,448   17,101   Interest expense Deposits 5,467   5,709   8,712   Other liabilities 1,560   1,405   1,688   Subordinated debentures 376   406   410   7,403   7,520   10,810   Net interest income 6,648   6,928   6,291   Non-interest income Insurance premiums, investment and fee income 2,045   1,910   1,695   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 303   285   290   Foreign exchange revenues, other than trading 279   274   291   Credit fees 227   223   237   Mortgage banking revenues 180   240   206   Securitization revenues 165   172   125   Gain (loss) on sale of available for sale securities 19   (112 ) (130 ) Gain from divestitures –   –   445   Other 399   567   339   10,299   10,132   9,514   Total revenues 16,947   17,060   15,805   Provision for credit losses 715   1,065   1,119   Insurance policyholder benefits, claims and acquisition expense 1,404   1,330   1,153   Non-interest expense Human resources 6,397   6,263   5,696   Occupancy 767   788   716   Equipment 766   752   713   Communications 744   790   679   Professional fees 466   419   411   Outsourced item processing 292   306   303   Amortization of goodwill –   –   252   Amortization of other intangibles 71   72   36   Other 733   854   835   10,236   10,244   9,641   Net income before income taxes 4,592   4,421   3,892   Income taxes 1,443   1,415   1,350   Net income before non-controlling interest 3,149   3,006   2,542   Non-controlling interest in net income of subsidiaries 113   108   107   Net income $ 3,036   $ 2,898   $ 2,435                 Preferred share dividends 68   98   135   Net income available to common shareholders $ 2,968   $ 2,800   $ 2,300   Average number of common shares (in thousands) 662,080   672,571   641,516   Earnings per share (in dollars) $ 4.48   $ 4.16   $ 3.58   Average number of diluted common shares (in thousands) 669,625   679,153   647,216   Diluted earnings per share (in dollars) $ 4.43   $ 4.12   $ 3.55   Dividends per share (in dollars) $ 1.72   $ 1.52   $ 1.38