2006-04-10_REPORT - M1980244

• Permit No: M1980244
• IBM Index Class Name: Report
• Doc Date: 4/10/2006
• Doc Name: Annual Fee/Report/Map
• From: CC&V
• To: DMG
• Permit Index Doc Type: Annual Fee / Report
• Media Type: D
• Archive: No

Consolidated Statement of Changes in Shareholders' Equity
Far the rear ¢nded October 31 (f millions) 2005 2004 2003 2002
Preferred shares
Balance at beginning of year"' $ 300 $ 300 $ 300 $ 300
Issued"' 300 - - -
Redeemed"'
Balance at end of year"' 600 300 300 300
Common shares and contributed surplus
Balance of common shares at beginning of year 3,228 3,140 3,002 2,920
Issued 172 117 163 101
Purchased for cancellation (84) (29) (25) (19)
Balance of common shares at end of year 3,316 3,228 3,140 3,002
Contributed surplus: Fair value of stock options 1 1 1
Total 3,317 3.229 3.141 3.002
Retained earnings and cumulative foreign currency translation
Balance at beginning of year 11,456 10,673 10,500 9,913
Adjustments - - - (76)°'
Net income"' 3,209 2,908 2,422 1,708
Dividends: Preferred"' (26) (16) (16) (16)
Common
Net unrealized foreign exchange translation gains/(losses)
Purchase of shares and premium on redemption"'
Other
Balance at end of year
Total shareholders' equity at end of year"'
Other statistics"'
Operating performance
Basic earnings per share ($)<"
Diluted earnings per share ($)m
Return on equity (%)
Productivity ratio"' (%)(TEB)
Return on assets"' (%)
Net interest margin on total average assets"' (%xTE6)
Capital measures
Tier 1 capital ratio (°k)
Total capital ratio (%)
Assets to capital ratio'"
Common equity to risk-weighted assets (%)
Tangible common equity to risk-weighted assets (%)
Common share information
Share price ($}:'P
High
Low
Close
Number of shares outstanding (millionsy°
Dividends per share ($y"
Dividend payout (%)"'
Dividend yield (°/ )"%
Price to earnings multiple""
Book value per common share ($)"'
Other information
Average total assets ($ millions)
Number of branches and offices
Number of employees""
Number of automated banking machines
(1,317) (1,110) (849) (732)
(178) (709) (1,176) (137)
(973) (290) (201) (154)
12,165 11, 456 10.673 10, 500
S 16,082 $ 14,985 E 14,114 $ 13.802
3.19 2.87 2.38 1.68
3.15 2.82 2.34 1.65
11.1 11.5 10.8 9.9
13.2 13.9 13.2 12.7
309,374 283.986 288.513 296.852
(1) Comparative amounts have been retroattively restated for new CICA accounting requirements relating to the distinttion between equity and liability instruments.
(2) Cumulative eNect of adoption of new goodwill accounting standard.
(3) Cumulative effett of adoption of new corporate income taxes accounting standard.
(a) If the increase in the general provision had been charged to income (refer to footnote 1 on the previous page), these 1999 financial ratios would have been: return on equity 12.0%,
return on assets 0.50%, basic earnings per snare 57.14, diluted earnings per share 51.13, dividend payout 38.0% and price earnings multiple 14.3.
(5) In acmNance with the guidelines issued by the Superintendent, the Bank adopted new impaired bans accounting priMiples established by the CICA.
(6) Pre-199fi comparative amounts have not been restated to reflect the reporting of trading derivatives' market valuation on a gross basis, as they were not reasonably determinable.
88 Scotiabank 2005 Annual Report