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SUPPLEMENTARY DATA
<br />Table 51
<br />• Consolidated Statement of Changes in Shareholders' Equity
<br />For the year ended October 31 (S millions) 2007 2006 2005 2004
<br />Preferred shares
<br />Balance at beginning of year $ 600 $ 600 S 300 $ 300
<br />Issued 1,035 - 300
<br />Balance at end of year 1,635 600 600 300
<br />Common shares and contributed surplus
<br />Balance of common shares at beginning of year
<br />issued
<br />Purchased for cancellation
<br />Balance of common shares at end of year
<br />Contributed surplus: Fair value of stock options
<br />Total
<br />Retained earnings
<br />Balance at beginning of year
<br />Adjustments
<br />Net income
<br />Dividends: Preferred
<br />Common
<br />Purchase of shares and premium on redemption
<br />Other
<br />Balance at end of year
<br />Accumulated other comprehensive income (loss)m
<br />Balance at beginning of year
<br />Cumulative effect of adopting new accounting policies
<br />Other comprehensive income (loss)
<br />Balance at end of year
<br />Total shareholders' equity at end of year
<br />3,425 3,316 3,228 3,140
<br />184 135 172 117
<br />(43) (26) (84) (29)
<br />3,566 3,425 3,316 3,228
<br /> 1 1
<br />3,566 3,425 3,317 3,229
<br />15,843 14,126 13,239 11,747
<br />(61N" (25)0 - -
<br />4,045 3,579 3,209 2,908
<br />(51) (30) (25) (16)
<br />(1,720) (1,483) (1,317) (1,110)
<br />(586) (324) (973) (290)
<br />17,460 15,843 14,126 13,239
<br />(2,321) (1,961) (1,783) (1,074)
<br />683 - - -
<br />(2,219) (360) (178) (709)
<br />(3,857) (2,321) (1,961) (1,783)
<br />$ 18,804 $ 17,547 $ 16,082 $ 14,985
<br />101 Consolidated Statement of Comprehensive income")
<br />For the year ended October 31 (S millions) 2007 2006 2005 2004
<br />Comprehensive Income
<br />Net income $ 4,045 $ 3,579 $ 3,209 $ 2,908
<br />Other comprehensive income (loss), net of income taxes:
<br />Net change in unrealized foreign currency translation losses (2,228) (360) (178) (709)
<br />Net change in unrealized gains on available-for-sale securities (67) - - -
<br />Net change in gains (losses) on derivative instruments designated
<br />as cash flow hedges 76 - - -
<br />Other comprehensive income (loss) (2,219) (360) (178) (709)
<br />Comprehensive income $ 1,826 $ 3,219 $ 3,031 $ 2,199
<br />(1) Results from the adoption of new financial instruments accounting standards.
<br />(2) Cumulative effect of adoption of new stock-based compensation accounting standard.
<br />(3) Cumulative effect of adoption of new goodwill accounting standard.
<br />(4) Cumulative effect of adoption of new corporate income taxes accounting standard.
<br />(5) Relates to the increase in the general allowance for credit losses as a direct change to retained earnings in the fourth quarter of 1999 (refer to footnote 1 on page 86).
<br />L'
<br />88 2007 SCOTIABANK ANNUAL REPORT
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