| For the years ended December 31 ($ millions except where otherwise indicated) |
2008 | 2007 | ||
|---|---|---|---|---|
Share Capital |
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| Preferred Shares | $ | 817 | $ | 817 |
| Common Shares | 133 | 133 | ||
Total Share Capital, Beginning and End of Year (note 23 PDF) |
$ | 950 | $ | 950 |
Retained Earnings, Beginning of Year |
$ | 4,726 | $ | 4,506 |
| Cumulative impact of implementing new accounting standards (note 2 PDF) | (27) | (100) | ||
| Net earnings | 832 | 563 | ||
| Dividends declared | ||||
| – $1.44 (2007 – $1.44) | (186) | (186) | ||
| – Series I – $1.45 (2007 – $1.45) | (13) | (13) | ||
| – Series II – $1.29 (2007 – $1.29) (note 22 PDF) | (3) | (14) | ||
| – Series III – $1.30 (2007 – $1.30) | (10) | (10) | ||
| – Series IV – $1.30 (2007 – $1.30) | (10) | (10) | ||
| – Series V – $1.19 (2007 – $1.19) | (10) | (10) | ||
Retained Earnings, End of Year |
$ | 5,299 | $ | 4,726 |
Accumulated Other Comprehensive Loss, Beginning of Year(note 2 PDF) |
$ | (999) | $ | (503) |
| Cumulative impact of implementing new accounting standards (note 2 PDF) | 9 | |||
| Other comprehensive income (loss) | 677 | (505) | ||
Accumulated Other Comprehensive Loss, End of Year(note 26 PDF) |
$ | (322) | $ | (999) |
Total Shareholders’ Equity |
$ | 5,927 | $ | 4,677 |
See accompanying notes to the consolidated financial statements. |
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