Changes in Equity

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Annual 2011
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(in millions of Canadian dollars)

 

  Common shares Preferred shares Contributed surplus Retained earnings Accumulated other comprehensive income (1) Attributable to shareholders Attributable to non-controlling interests Total
Balance, Jan. 1, 2010 2,164 - 5 495 189 2,853 471 3,324
Net earnings - - - 256 - 256 24 280
Other comprehensive income (loss):                
Losses on translating net assets of foreign operations, net of hedges and of tax - - - - (27) (27) - (27)
Net gains on derivatives designated as cash flow hedges, net of tax - - - - 43 43 (17) 26
Net actuarial losses on defined benefits plans, net of tax - - - - (20) (20) - (20)
Total comprehensive income (loss)         (4) 252 7 259
Common share dividends  - - - (319) - (319) - (319)
Preferred share dividends  - - - (1) - (1) - (1)
Distributions to non-controlling interests - - - - - - (62) (62)
Common shares issued 40 - - - - 40 - 40
Preferred shares issued - 293 - - - 293 - 293
Effect of share-based payment plans - - 2 - - 2 - 2
Sale of minority interest in Kent Hills - - - - - - 15 15
Balance, Dec. 31, 2010 2,204 293 7 431 185 3,120 431 3,551
Net earnings - - - 305 - 305 38 343
Other comprehensive income:                
Losses on translating net assets of foreign operations, net of hedges and of tax - - - - (1) (1) - (1)
Net losses on derivatives designated as cash flow hedges, net of tax - - - - (260) (260) (20) (280)
Net actuarial losses on defined benefits plans, net of tax - - - - (26) (26) - (26)
Total comprehensive income (loss) - - - - (287) 18 18 36
Common share dividends  - - - (194) - (194) - (194)
Preferred share dividends  - - - (15) - (15) - (15)
Distributions to non-controlling interests - - - - - - (91) (91)
Common shares issued 69 - - - - 69 - 69
Preferred shares issued - 269 - - - 269 - 269
Effect of share-based payment plans - - 2 - - 2 - 2
Balance, Dec. 31, 2011 2,273 562 9 527 (102) 3,269 358 3,627

(1) Refer to Note 26 for details on components of and changes in Accumulated other comprehensive income.

Notes to financial statements

Q1 2012
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(in millions of Canadian dollars)

 

3 months ended March 31, 2012
Unaudited  Common shares Preferred shares Contributed surplus Retained earnings Accumulated other comprehensive income (1) Attributable to shareholders Attributable to non-controlling interests Total
Balance, Dec. 31 2011 2,273 562 9 527 (102) 3,269 358 3,627
Net earnings - - - 96 - 96 13 109
Other comprehensive income (loss):                
Losses on translating net assets of foreign operations, net of hedges and of tax - - - - (11) (11) - (11)
Net losses on derivatives designated as cash flow hedges, net of tax - - - - (10) (10) (7) (17)
Net actuarial losses on defined benefits plans, net of tax - - - - (10) (10) - (10)
Total comprehensive income (loss)           65 6 71
Common share dividends  - - - (65) - (65) - (65)
Preferred share dividends  - - - (7) - (7) - (7)
Distributions to non-controlling interests - - - - - - (19) (19)
Common shares issued 20 - - - - 20 - 20
Balance, March 31, 2012 2,293 562 9 551 (133) 3,282 345 3,627
 
3 months ended March 31, 2011
Unaudited  Common shares Preferred shares Contributed surplus Retained earnings Accumulated other comprehensive income (1) Attributable to shareholders Attributable to non-controlling interests Total
Balance, Dec. 31 2010 2,204 293 7 431 185 3,120 431 3,551
Net earnings - - - 208 - 208 13 221
Other comprehensive income (loss):                
Losses on translating net assets of foreign operations, net of hedges and of tax - - - - (16) (16) - (16)
Net gains (losses) on derivatives designated as cash flow hedges, net of tax - - - - (194) (194) 4 (190)
Net actuarial gains on defined benefits plans, net of tax - - - - 1 1 - 1
Total comprehensive income (loss)           (1) 17 16
Preferred share dividends  - - - (4) - (4) - (4)
Distributions to non-controlling interests - - - - - - (17) (17)
Common shares issued 18 - - - - 18 - 18
Effect of share-based payment plans - - 1 - - 1 - 1
Balance, March 31, 2011 2,222 293 8 635 (24) 3,134 431 3,565

(1) Refer to Note 21 for details on components of, and changes in, Accumulated other comprehensive loss.

 Notes to financial statements

Last updated: April 26, 2012