2007-04-10_REPORT - M1980244

• Permit No: M1980244
• IBM Index Class Name: Report
• Doc Date: 4/10/2007
• Doc Name: Annual Fee/Report/Map
• From: Cripple Creek & Victor Gold
• To: DRMS
• Permit Index Doc Type: Annual Fee / Report
• Media Type: D
• Archive: No

~ CONSOLIDATED FINANCIAL STATEMENTS
Consolidated Statement of Changes in shareholders' Equity
For the ar ended Ottober 31 (1 milliorn 2006 2005 2006
Preferred shares (Note 14)
Balance at beginning of year f 600 f 300 Y 300
Issued 300
Balance at end of year 600 600 300
Common shares and contributed surplus
Common shares (Note 14):
Balance at beginning of year 3,316 3,228 3,740
Issued 135 172 117
Purchased for cancellation (26) (84) (29)
Balance at end of year 3,425 3,316 3,228
Contributed surplus: Fair value of stork options (Note 15) - 1 1
Total 3,425 3,317 3,229

Retained earnings
Balance at beginning of year 14,126 13,239 11,747
Cumulative effect of adopting new accounting policy" I (25) -
14,701 13,239 11,747
Net income 3,579 3,209 2,908
Dividends: Preferred (30) (25) (16)
Common (1,483) (1,317) (1,110)
Purchase of shares (324) (973) (290)
Other (7)
Balance at end of year 15,843 14,126 13,239

Cumulative foreign currency translation losses
Balance at beginning of year (1,961) (1,783) (1,074)
Net unrealized foreign exchange [ranslationn~ (360) (178) (709)
Balance at end of year (2,321) (1,961) (1,783)
Total shareholders' equity at end of year S 17,547 f 76,082 f 14,985
(I) Represents the cumuWtive effect of adoptlng a new accounting policy related to stock-based compensation far employees eligible to retire before the vesting date Irefer
to No[e 1, Slock-based compensation].
(2) Comprises unrealized foreign exchang¢ vanslation losses on net investments inself-susUininq foreign operations of 5(564) (2005 - 5(616): 2004 -1(1,085)) and gains
from reated foreign exchange hedging activities of 5104 (10D5 - 5138; 2004 - 5376).
fie accompanying notes are an integral part of these consolidated /inaricu/statements.
92 2006 1COTIAB ANK ANNUAL REPORT