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Canadian
GAAP Canadian
GAAP Management’s
responsibility for financial reporting | ||||||
| Consolidated statement of changes in shareholders’ equity | ||||||
| For the year ended October 31 ($ millions) | 2002 | 2001 | 2000 | |||
| Preferred shares | ||||||
| Balance at beginning of year | $ | 2,024 | $ | 2,037 | $ | 2,009 |
| Issued | – | 250 | – | |||
| Redeemed for cancellation | (468) | (300) | – | |||
| Translation adjustment on shares denominated in foreign currency | (11) | 37 | 28 | |||
| Balance at end of year | 1,545 | 2,024 | 2,037 | |||
| Common shares | ||||||
| Balance at beginning of year | 6,973 | 3,076 | 3,065 | |||
| Issued | 236 | 4,009 | 109 | |||
| Purchased for cancellation | (152) | (112) | (98) | |||
| Balance at end of year | 7,057 | 6,973 | 3,076 | |||
| Retained earnings | ||||||
| Balance at beginning of year | 9,168 | 8,428 | 7,541 | |||
| Net income | 2,762 | 2,411 | 2,274 | |||
| Preferred share dividends | (98) | (135) | (134) | |||
| Common share dividends | (1,022) | (897) | (689) | |||
| 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 | (612) | (397) | (562) | |||
| Issuance costs, net of related income taxes | (1) | (19) | (4) | |||
| Change in unrealized foreign currency translation gains and losses | (59) | 473 | (2) | |||
| Impact of hedging unrealized foreign currency translation gains and losses, net of related income taxes | 43 | (475) | 4 | |||
| Balance at end of year | 10,181 | 9,168 | 8,428 | |||
| Shareholders’ equity at end of year | $ | 18,783 | $ | 18,165 | $ | 13,541 |
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Consolidated statement of changes in shareholders’ equity
