Consolidated Statements of Shareholders' Equity


        (Recast
note 25)
For the years ended December 31
($Cdn thousands)
  2009   2008
         

Share capital

       
Balance at beginning of year $ 1,062,714 $ 819,268
Stock option plan   4,215   1,011
Debenture conversions [note 11]     242,435
Equity issuance [note 14]   445,532  
Balance at end of year   1,512,461   1,062,714
         

Contributed surplus

       
Balance at beginning of year   131,858    119,531 
Stock option plan amendment [note 22]   —    25,987 
Stock-based compensation   641    16,821 
Options exercised   (922)   (40)
Debenture conversions [note 11]   —    (30,441)
Balance at end of year   131,577    131,858 
         

Retained earnings

       
Balance at beginning of year   2,153,315    1,788,416 
Net earnings   1,099,422    450,117 
Dividends on common shares   (94,231)   (85,218)
Balance at end of year   3,158,506    2,153,315 
         

Accumulated other comprehensive income (loss)

       
Balance at beginning of year   165,736    104,021 
Other comprehensive income   (124,452)   61,715 
Balance at end of year   41,284    165,736 
Total retained earnings and accumulated other comprehensive income   3,199,790    2,319,051 
Shareholders' equity at end of year $ 4,843,828  $ 3,513,623 
Accompanying notes to consolidated financial statements.

Cameco 2009 Annual Report