Statistics Canada
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Table 63-1
Real estate — Balance sheet and income statement

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Balance sheet and income statement
  2004  2005 2006 2007  2008
  millions of dollars
Balance sheet  
Assets 173,371 182,579 216,157 266,656 291,584
Cash and deposits 9,600 10,999 13,005 15,806 22,776
Accounts receivable and accrued revenue 3,764 4,145 4,931 6,154 5,773
Inventories 4,084 4,093 5,857 8,324 9,085
Investments 31,577 33,830 43,141 53,816 59,318
Investments and accounts with affiliates 21,970 23,282 29,133 35,180 41,948
Portfolio investments 9,607 10,547 14,007 18,636 17,371
Loans 4,366 5,322 6,603 8,721 9,084
Mortgages 2,912 3,613 4,188 5,532 5,765
Non-mortgages 1,454 1,709 2,415 3,189 3,320
Bank customers' liabilities under acceptances .. .. .. .. ..
Capital assets, net 116,916 118,106 135,974 162,407 176,599
Other assets 3,066 6,081 6,637 11,427 8,948
Liabilities 123,318 130,117 149,734 181,682 203,139
Accounts payable and accrued liabilities 8,778 8,863 10,374 11,588 13,605
Loans and accounts with affiliates 36,832 38,916 43,809 55,980 62,347
Borrowings 70,574 73,057 85,294 102,805 114,391
Loans and other borrowings 7,686 7,630 9,846 11,589 15,696
Bankers' acceptances and paper 160 142 1,221 1,277 1,216
Bonds and debentures 5,672 6,579 7,224 8,190 7,808
Mortgages 57,056 58,707 67,003 81,748 89,671
Future income taxes 1,517 1,421 1,089 1,820 1,188
Bank customers' liabilities under acceptances .. .. .. .. ..
Other liabilities 5,617 7,860 9,168 9,488 11,608
Equity 50,053 52,462 66,423 84,974 88,445
Share capital 26,446 26,022 32,534 42,467 45,963
Contributed surplus and other 6,915 7,333 7,760 8,717 9,360
Retained earnings 16,692 19,108 26,130 33,790 33,123
Income statement  
Operating revenue 39,603 40,733 45,363 51,916 54,366
Sales of goods and services 16,980 13,812 12,473 13,418 14,205
Interest and dividend revenue (operating) .. .. .. .. ..
Other operating revenue 22,623 26,921 32,890 38,498 40,161
Operating expenses 31,570 32,324 36,255 41,020 43,026
Purchased goods, materials and service 16,874 16,628 19,272 22,841 23,856
Wages, salaries and employee benefits 7,995 8,895 9,584 9,603 9,552
Indirect taxes 2,756 2,686 2,813 3,165 3,385
Depreciation, depletion and amortization 3,620 3,726 4,284 5,132 5,788
Interest expense (operating) .. .. 64 .. ..
Other operating expenses 301 366 238 279 446
Operating profit/loss 8,033 8,409 9,108 10,896 11,339
Interest and dividend revenue 1,645 2,131 2,848 3,108 3,764
Interest expense on borrowing 5,173 5,286 5,801 6,273 6,744
Gains/losses 3,190 4,359 5,521 8,904 3,341
Profit before income tax 7,695 9,613 11,677 16,634 11,700
Income tax 1,310 1,877 1,752 2,628 2,039
Equity in affiliates' earnings 986 1,012 1,134 1,066 1,658
Profit before extraordinary gains 7,370 8,749 11,059 15,073 11,319
Extraordinary gains 16 30 39 -3 -3
Net profit 7,387 8,779 11,098 15,070 11,316