Consolidated Comprehensive Income

Financial Information

Financial Information

Consolidated Comprehensive Income

Consolidated Statements of Comprehensive Income

For the years ended December 31
($Cdn thousands)
2008  2007 
         
Net earnings $ 450,117  $ 416,112 
Other comprehensive income (loss), net of taxes [note 16]        
Unrealized foreign currency translation gains (losses)   217,577    (111,169)
Gains on derivatives designated as cash flow hedges   23,976    206,215 
Gains on derivatives designated as cash flow hedges transferred to net earnings   (105,056)   (62,320)
Unrealized losses on available-for-sale securities   (14,271)   (6,366)
Losses on available-for-sale securities transferred to net earnings   19,377   
Other comprehensive income   141,603    26,360 
Total comprehensive income $ 591,720  $ 442,472 

Consolidated Statement of Accumulated Other Comprehensive Income

($Cdn thousands)(net of related income taxes)[note 16] Currency 
Translation 
Adjustment 

Cash Flow 
Hedges 

Available-For- 
Sale Assets 


Total 
                 
Balance at December 31, 2006 $ (39,766) $ $ $ (39,766)
Transition adjustment resulting from adopting new financial instruments standards     38,839      38,839 
Change in unrealized foreign currency translation gains (losses)   (111,169)       (111,169)
Change in gains on derivatives designated as cash flow hedges     206,215      206,215 
Change in gains on derivatives designated as cash flow hedges transferred to net earnings     (62,320)     (62,320)
Change in unrealized losses on available-for-sale securities       (6,366)   (6,366)
Balance at December 31, 2007 $ (150,935) $ 182,734  $ (6,366) $ 25,433 
                 
Change in unrealized foreign currency translation gains (losses)   217,577        217,577 
Change in gains on derivatives designated as cash flow hedges     23,976      23,976 
Change in gains on derivatives designated as cash flow hedges transferred to net earnings     (105,056)     (105,056)
Change in unrealized losses on available-for-sale securities       (14,271)   (14,271)
Change in losses on available-for-sale securities transferred to net earnings       19,377    19,377 
Balance at December 31, 2008 $ 66,642  $ 101,654  $ (1,260) $ 167,036 
See accompanying notes to consolidated financial statements.
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