| For the years ended December 31 ($ millions except where otherwise indicated) |
2007 | 2006 | ||
|---|---|---|---|---|
Preferred Shares, Beginning of Year |
$ | 1,077 | $ | 881 |
| Issued | 196 | |||
Preferred Shares, End of Year |
$ | 1,077 | $ | 1,077 |
Common Shares, Beginning of Year |
$ | 133 | $ | 131 |
| Issued | 2 | |||
Common Shares, End of Year |
$ | 133 | $ | 133 |
Total Share Capital, End of Year(note 21 PDF) |
$ | 1,210 | $ | 1,210 |
Retained Earnings, Beginning of Year |
$ | 4,506 | $ | 4,625 |
| Cumulative impact of implementing new accounting standards (note 2 PDF) | (100) | |||
| Net earnings | 563 | 121 | ||
| Dividends declared | ||||
| – $1.44 (2006 – $1.44) | (186) | (186) | ||
| – Series I – $1.45 (2006 – $1.45) | (13) | (13) | ||
| – Series II – $1.29 (2006 – $1.29) | (14) | (14) | ||
| – Series III – $1.30 (2006 – $1.30) | (10) | (10) | ||
| – Series IV – $1.30 (2006 – $1.30) | (10) | (10) | ||
| – Series V – $1.19 (2006 – $0.83) | (10) | (7) | ||
Retained Earnings, End of Year |
$ | 4,726 | $ | 4,506 |
Accumulated Other Comprehensive Loss, Beginning of Year(note 2 PDF) |
$ | (503) | $ | (518) |
| Cumulative impact of implementing new accounting standards (note 2 PDF) | 9 | |||
| Other comprehensive (loss) income | (505) | 15 | ||
Accumulated Other Comprehensive Loss, End of Year(note 22 PDF) |
$ | (999) | $ | (503) |
Total Shareholders’ Equity |
$ | 4,937 | $ | 5,213 |
See accompanying notes to the consolidated financial statements. |
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