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Bank of Nova Scotia
Buy, Hold or Sell?

Let's analyze Bank of Nova Scotia together

I guess you are interested in Bank of Nova Scotia. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Bank of Nova Scotia. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Bank of Nova Scotia (30 sec.)










1.2. What can you expect buying and holding a share of Bank of Nova Scotia? (30 sec.)

How much money do you get?

How much money do you get?
C$3.28
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
C$67.26
Expected worth in 1 year
C$71.70
How sure are you?
86.4%

+ What do you gain per year?

Total Gains per Share
C$8.99
Return On Investment
12.0%

For what price can you sell your share?

Current Price per Share
C$75.05
Expected price per share
C$70.66 - C$
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Bank of Nova Scotia (5 min.)




Live pricePrice per Share (EOD)
C$75.05
Intrinsic Value Per Share
C$-409.66 - C$-21.09
Total Value Per Share
C$-342.40 - C$46.16

2.2. Growth of Bank of Nova Scotia (5 min.)




Is Bank of Nova Scotia growing?

Current yearPrevious yearGrowGrow %
How rich?$60b$55.3b$2.9b5.1%

How much money is Bank of Nova Scotia making?

Current yearPrevious yearGrowGrow %
Making money$1.3b$1.4b-$108.2m-8.0%
Net Profit Margin19.1%25.7%--

How much money comes from the company's main activities?

2.3. Financial Health of Bank of Nova Scotia (5 min.)




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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Bank of Nova Scotia?

Welcome investor! Bank of Nova Scotia's management wants to use your money to grow the business. In return you get a share of Bank of Nova Scotia.

First you should know what it really means to hold a share of Bank of Nova Scotia. And how you can make/lose money.

Speculation

The Price per Share of Bank of Nova Scotia is C$75.05. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Bank of Nova Scotia.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Bank of Nova Scotia, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is C$67.26. Based on the TTM, the Book Value Change Per Share is C$1.11 per quarter. Based on the YOY, the Book Value Change Per Share is C$0.84 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is C$1.14 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Bank of Nova Scotia.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 C$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per Share
Usd Eps1.091.5%1.091.5%1.121.5%1.191.6%1.121.5%
Usd Book Value Change Per Share1.251.7%0.801.1%0.600.8%0.400.5%0.460.6%
Usd Dividend Per Share0.831.1%0.821.1%0.781.0%0.731.0%0.610.8%
Usd Total Gains Per Share2.082.8%1.622.2%1.381.8%1.131.5%1.071.4%
Usd Price Per Share46.51-44.48-49.04-50.10-51.38-
Price to Earnings Ratio10.63-10.47-11.07-10.71-12.33-
Price-to-Total Gains Ratio22.36-28.71-82.43-54.39-40.41-
Price to Book Ratio0.96-0.94-1.10-1.16-1.32-
Price-to-Total Gains Ratio22.36-28.71-82.43-54.39-40.41-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share54.14107
Number of shares18
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.820.73
Usd Book Value Change Per Share0.800.40
Usd Total Gains Per Share1.621.13
Gains per Quarter (18 shares)29.1920.42
Gains per Year (18 shares)116.7581.66
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
15958107532972
211811522410558154
317717334115887236
4236231458210116318
5295289575263145400
6354346692316174482
7413404809368204564
8472462926421233646
95315201043473262728
105905771160526291810

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%44.00.00.0100.0%120.00.00.0100.0%
Book Value Change Per Share4.00.00.0100.0%10.02.00.083.3%14.06.00.070.0%31.013.00.070.5%95.024.01.079.2%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%44.00.00.0100.0%108.00.012.090.0%
Total Gains per Share4.00.00.0100.0%11.01.00.091.7%19.01.00.095.0%38.06.00.086.4%110.010.00.091.7%
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3.2. Key Performance Indicators

The key performance indicators of Bank of Nova Scotia compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--1.7331.111+56%0.835+108%0.560+210%0.639+171%
Book Value Per Share--67.25665.344+3%62.022+8%60.017+12%54.768+23%
Current Ratio--1.6021.200+33%1.121+43%1.430+12%1.059+51%
Debt To Asset Ratio--0.9410.9420%0.9440%0.9410%0.936+1%
Debt To Equity Ratio--16.18516.695-3%17.256-6%16.464-2%15.213+6%
Dividend Per Share--1.1511.136+1%1.085+6%1.012+14%0.850+35%
Eps--1.5161.509+0%1.555-2%1.653-8%1.558-3%
Free Cash Flow Per Share--5.6402.492+126%4.878+16%4.119+37%2.644+113%
Free Cash Flow To Equity Per Share--3.8930.965+303%4.251-8%4.473-13%3.044+28%
Gross Profit Margin--0.9220.916+1%0.930-1%0.937-2%0.935-1%
Intrinsic Value_10Y_max---21.094--------
Intrinsic Value_10Y_min---409.659--------
Intrinsic Value_1Y_max--13.813--------
Intrinsic Value_1Y_min--1.817--------
Intrinsic Value_3Y_max--29.365--------
Intrinsic Value_3Y_min---31.636--------
Intrinsic Value_5Y_max--30.284--------
Intrinsic Value_5Y_min---105.490--------
Market Cap92862369401.600+14%79771311863.04076297479723.200+5%84111282025.280-5%86095086229.216-7%88288862892.582-10%
Net Profit Margin--0.2220.191+16%0.257-14%0.260-15%0.265-16%
Operating Margin--0.2750.197+40%1.122-75%0.696-60%0.691-60%
Operating Ratio---0.725-0.540-25%0.122-693%-0.252-65%-0.234-68%
Pb Ratio1.116+14%0.9590.943+2%1.097-13%1.163-18%1.324-28%
Pe Ratio12.375+14%10.63110.465+2%11.067-4%10.714-1%12.334-14%
Price Per Share75.050+14%64.47061.663+5%67.978-5%69.447-7%71.216-9%
Price To Free Cash Flow Ratio3.326+14%2.8580.409+599%-1.849+165%0.672+325%-0.589+121%
Price To Total Gains Ratio26.026+14%22.35728.713-22%82.431-73%54.392-59%40.414-45%
Quick Ratio--2.6751.726+55%1.673+60%2.077+29%1.479+81%
Return On Assets--0.0010.001+0%0.001-9%0.002-20%0.002-29%
Return On Equity--0.0230.024-2%0.027-14%0.029-21%0.030-24%
Total Gains Per Share--2.8842.248+28%1.920+50%1.572+83%1.489+94%
Usd Book Value--60034186600.00058327534550.000+3%55361678800.000+8%53670608990.000+12%48983404304.546+23%
Usd Book Value Change Per Share--1.2500.802+56%0.602+108%0.404+210%0.461+171%
Usd Book Value Per Share--48.51947.139+3%44.742+8%43.296+12%39.509+23%
Usd Dividend Per Share--0.8300.820+1%0.782+6%0.730+14%0.613+35%
Usd Eps--1.0941.089+0%1.122-2%1.192-8%1.124-3%
Usd Free Cash Flow--5034650600.0002224076200.000+126%4354550750.000+16%3676759380.000+37%2357945086.364+114%
Usd Free Cash Flow Per Share--4.0691.797+126%3.519+16%2.971+37%1.907+113%
Usd Free Cash Flow To Equity Per Share--2.8080.696+303%3.066-8%3.227-13%2.196+28%
Usd Market Cap66990913286.314+14%57547024377.99755041001872.317+5%60677878853.037-5%62108995205.756-7%63691585690.709-10%
Usd Price Per Share54.141+14%46.50944.483+5%49.039-5%50.099-7%51.375-9%
Usd Profit--1353346400.0001347214500.000+0%1455424500.000-7%1515084280.000-11%1428027695.455-5%
Usd Revenue--6097994200.0007813844100.000-22%5670384350.000+8%6054457710.000+1%5565158322.727+10%
Usd Total Gains Per Share--2.0801.622+28%1.385+50%1.134+83%1.074+94%
 EOD+4 -4MRQTTM+29 -7YOY+21 -155Y+21 -1510Y+21 -15

3.3 Fundamental Score

Let's check the fundamental score of Bank of Nova Scotia based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1512.375
Price to Book Ratio (EOD)Between0-11.116
Net Profit Margin (MRQ)Greater than00.222
Operating Margin (MRQ)Greater than00.275
Quick Ratio (MRQ)Greater than12.675
Current Ratio (MRQ)Greater than11.602
Debt to Asset Ratio (MRQ)Less than10.941
Debt to Equity Ratio (MRQ)Less than116.185
Return on Equity (MRQ)Greater than0.150.023
Return on Assets (MRQ)Greater than0.050.001
Total6/10 (60.0%)

3.4 Technical Score

Let's check the technical score of Bank of Nova Scotia based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5068.015
Ma 20Greater thanMa 5073.154
Ma 50Greater thanMa 10071.431
Ma 100Greater thanMa 20066.931
OpenGreater thanClose75.000
Total4/5 (80.0%)

4. In-depth Analysis

4.1 About Bank of Nova Scotia

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments. The company offers financial advice and solutions, and banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and retail automotive financing solutions. It also provides business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small, medium, and large businesses. In addition, it provides wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternatives, and institutional funds. The Bank of Nova Scotia was founded in 1832 and is headquartered in Toronto, Canada.

Fundamental data was last updated by Penke on 2024-10-26 12:36:07.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is cheap.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit Bank of Nova Scotia earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Bank of Nova Scotia to the Banks - Diversified industry mean.
  • A Net Profit Margin of 22.2% means that $0.22 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Bank of Nova Scotia:

  • The MRQ is 22.2%. The company is making a huge profit. +2
  • The TTM is 19.1%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ22.2%TTM19.1%+3.1%
TTM19.1%YOY25.7%-6.6%
TTM19.1%5Y26.0%-6.9%
5Y26.0%10Y26.5%-0.5%
4.3.1.2. Return on Assets

Shows how efficient Bank of Nova Scotia is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Bank of Nova Scotia to the Banks - Diversified industry mean.
  • 0.1% Return on Assets means that Bank of Nova Scotia generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Bank of Nova Scotia:

  • The MRQ is 0.1%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.1%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.1%TTM0.1%+0.0%
TTM0.1%YOY0.1%0.0%
TTM0.1%5Y0.2%0.0%
5Y0.2%10Y0.2%0.0%
4.3.1.3. Return on Equity

Shows how efficient Bank of Nova Scotia is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Bank of Nova Scotia to the Banks - Diversified industry mean.
  • 2.3% Return on Equity means Bank of Nova Scotia generated $0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Bank of Nova Scotia:

  • The MRQ is 2.3%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 2.4%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ2.3%TTM2.4%-0.1%
TTM2.4%YOY2.7%-0.3%
TTM2.4%5Y2.9%-0.6%
5Y2.9%10Y3.0%-0.1%
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4.3.2. Operating Efficiency of Bank of Nova Scotia.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient Bank of Nova Scotia is operating .

  • Measures how much profit Bank of Nova Scotia makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Bank of Nova Scotia to the Banks - Diversified industry mean.
  • An Operating Margin of 27.5% means the company generated $0.28  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Bank of Nova Scotia:

  • The MRQ is 27.5%. The company is operating very efficient. +2
  • The TTM is 19.7%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ27.5%TTM19.7%+7.8%
TTM19.7%YOY112.2%-92.5%
TTM19.7%5Y69.6%-49.9%
5Y69.6%10Y69.1%+0.5%
4.3.2.2. Operating Ratio

Measures how efficient Bank of Nova Scotia is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Banks - Diversified industry mean).
  • An Operation Ratio of -0.72 means that the operating costs are $-0.72 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Bank of Nova Scotia:

  • The MRQ is -0.725.
  • The TTM is -0.540.
Trends
Current periodCompared to+/- 
MRQ-0.725TTM-0.540-0.184
TTM-0.540YOY0.122-0.662
TTM-0.5405Y-0.252-0.289
5Y-0.25210Y-0.234-0.017
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4.4.3. Liquidity of Bank of Nova Scotia.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Bank of Nova Scotia is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Banks - Diversified industry mean).
  • A Current Ratio of 1.60 means the company has $1.60 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Bank of Nova Scotia:

  • The MRQ is 1.602. The company is able to pay all its short-term debts. +1
  • The TTM is 1.200. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.602TTM1.200+0.402
TTM1.200YOY1.121+0.079
TTM1.2005Y1.430-0.230
5Y1.43010Y1.059+0.371
4.4.3.2. Quick Ratio

Measures if Bank of Nova Scotia is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Bank of Nova Scotia to the Banks - Diversified industry mean.
  • A Quick Ratio of 2.68 means the company can pay off $2.68 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Bank of Nova Scotia:

  • The MRQ is 2.675. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1.726. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ2.675TTM1.726+0.949
TTM1.726YOY1.673+0.053
TTM1.7265Y2.077-0.351
5Y2.07710Y1.479+0.597
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4.5.4. Solvency of Bank of Nova Scotia.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of Bank of Nova Scotia assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Bank of Nova Scotia to Banks - Diversified industry mean.
  • A Debt to Asset Ratio of 0.94 means that Bank of Nova Scotia assets are financed with 94.1% credit (debt) and the remaining percentage (100% - 94.1%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Bank of Nova Scotia:

  • The MRQ is 0.941. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.942. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.941TTM0.942-0.002
TTM0.942YOY0.944-0.002
TTM0.9425Y0.941+0.001
5Y0.94110Y0.936+0.005
4.5.4.2. Debt to Equity Ratio

Measures if Bank of Nova Scotia is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Bank of Nova Scotia to the Banks - Diversified industry mean.
  • A Debt to Equity ratio of 1,618.5% means that company has $16.19 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Bank of Nova Scotia:

  • The MRQ is 16.185. The company is unable to pay all its debts with equity. -1
  • The TTM is 16.695. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ16.185TTM16.695-0.510
TTM16.695YOY17.256-0.561
TTM16.6955Y16.464+0.231
5Y16.46410Y15.213+1.250
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Bank of Nova Scotia generates.

  • Above 15 is considered overpriced but always compare Bank of Nova Scotia to the Banks - Diversified industry mean.
  • A PE ratio of 10.63 means the investor is paying $10.63 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Bank of Nova Scotia:

  • The EOD is 12.375. Based on the earnings, the company is underpriced. +1
  • The MRQ is 10.631. Based on the earnings, the company is underpriced. +1
  • The TTM is 10.465. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD12.375MRQ10.631+1.745
MRQ10.631TTM10.465+0.165
TTM10.465YOY11.067-0.602
TTM10.4655Y10.714-0.248
5Y10.71410Y12.334-1.620
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Bank of Nova Scotia:

  • The EOD is 3.326. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 2.858. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 0.409. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD3.326MRQ2.858+0.469
MRQ2.858TTM0.409+2.449
TTM0.409YOY-1.849+2.258
TTM0.4095Y0.672-0.264
5Y0.67210Y-0.589+1.261
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of Bank of Nova Scotia is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Banks - Diversified industry mean).
  • A PB ratio of 0.96 means the investor is paying $0.96 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Bank of Nova Scotia:

  • The EOD is 1.116. Based on the equity, the company is underpriced. +1
  • The MRQ is 0.959. Based on the equity, the company is cheap. +2
  • The TTM is 0.943. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.116MRQ0.959+0.157
MRQ0.959TTM0.943+0.015
TTM0.943YOY1.097-0.153
TTM0.9435Y1.163-0.219
5Y1.16310Y1.324-0.162
4.6.2. Total Gains per Share

2.4. Latest News of Bank of Nova Scotia

Does Bank of Nova Scotia still have the same value as the quarterly reports suggest? Recent changes may be an indication that the value of the company is changing. Read the news from Bank of Nova Scotia to keep up to date. Note: the news is often already included in the price.

DateTitleRead
2024-10-21
18:34
Scotiabank Previews Bank of Canada's Policy Meeting This WeekRead
2024-10-21
15:00
Scotia Global Asset Management announces October 2024 cash distributions for Scotia ETFsRead
2024-10-17
17:59
KeyCorp's Q3 Earnings Beat, Stock Dips on Weak Asset QualityRead
2024-10-17
16:10
Scotiabank ranked North America's Best Cash Management Bank for Corporate Accounts and Foreign Exchange by EuromoneyRead
2024-10-16
15:30
Elevate Your Fan Experience at Scotiabank Arena with Scotia PerksRead
2024-10-15
15:45
Scotiabank releases Truth & Reconciliation Action PlanRead
2024-10-14
15:43
Fee Income to Aid KeyCorp's Q3 Earnings, Higher Provisions to HurtRead
2024-10-11
18:00
Scotiabank joins Concacaf as official and founding partner of the inaugural Concacaf W Champions CupRead
2024-10-11
13:03
Scotiabank's Preview of Canada's Provincial Fall Fiscal UpdateRead
2024-10-11
12:44
Scotiabank Notes Peru's Central Bank Surprises With An Unchanged Reference RateRead
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6. Financial Statements




6.1. Latest Balance Sheet

Balance Sheet of 2024-07-31. Currency in CAD. All numbers in thousands.

Summary
Total Assets1,402,366,000
Total Liabilities1,319,147,000
Total Stockholder Equity81,504,000
 As reported
Total Liabilities 1,319,147,000
Total Stockholder Equity+ 81,504,000
Total Assets = 1,402,366,000

Assets

Total Assets1,402,366,000
Total Current Assets176,902,000
Long-term Assets302,593,000
Total Current Assets
Cash And Cash Equivalents 58,329,000
Short-term Investments 118,573,000
Total Current Assets  (as reported)176,902,000
Total Current Assets  (calculated)176,902,000
+/-0
Long-term Assets
Property Plant Equipment 5,384,000
Long Term Investments 280,240,000
Long-term Assets Other -3,177,000
Long-term Assets  (as reported)302,593,000
Long-term Assets  (calculated)282,447,000
+/- 20,146,000

Liabilities & Shareholders' Equity

Total Current Liabilities110,448,000
Long-term Liabilities189,855,000
Total Stockholder Equity81,504,000
Total Current Liabilities
Short-term Debt 110,448,000
Short Long Term Debt 110,448,000
Other Current Liabilities -110,448,000
Total Current Liabilities  (as reported)110,448,000
Total Current Liabilities  (calculated)110,448,000
+/-0
Long-term Liabilities
Long term Debt 189,855,000
Long-term Liabilities  (as reported)189,855,000
Long-term Liabilities  (calculated)189,855,000
+/-0
Total Stockholder Equity
Common Stock21,549,000
Retained Earnings 57,541,000
Total Stockholder Equity (as reported)81,504,000
Total Stockholder Equity (calculated)79,090,000
+/- 2,414,000
Other
Capital Stock30,328,000
Cash and Short Term Investments 176,902,000
Common Stock Shares Outstanding 1,235,000
Liabilities and Stockholders Equity 1,402,366,000
Net Debt 241,974,000
Net Invested Capital 373,028,000
Net Working Capital 66,454,000
Short Long Term Debt Total 300,303,000



6.2. Balance Sheets Structured

Currency in CAD. All numbers in thousands.

 Trend2024-07-312024-04-302024-01-312023-10-312023-07-312023-04-302023-01-312022-10-312022-07-312022-04-302022-01-312021-10-312021-07-312021-04-302021-01-312020-10-312020-07-312020-04-302020-01-312019-10-312019-07-312019-04-302019-01-312018-10-312018-07-312018-04-302018-03-312018-01-312017-12-312017-10-312017-09-302017-07-312017-06-302017-04-302017-01-312016-10-312016-07-312016-04-302016-01-312015-10-312015-07-312015-04-302015-01-312014-10-312014-07-312014-04-302014-01-312013-10-312013-07-312013-04-302013-01-312012-10-312012-07-312012-04-302012-01-312011-10-312011-07-312011-04-302011-01-312010-10-312010-07-312010-04-302010-01-312009-10-312009-07-312009-04-302009-01-312008-10-312008-07-312008-04-302008-01-312007-10-312007-07-312007-04-302007-01-312006-10-312006-07-312006-04-302006-01-312005-10-312005-07-312005-04-302005-01-312004-10-312004-07-312004-04-302004-01-312003-10-312003-07-312003-04-302003-01-312002-10-312002-07-312002-04-302002-01-312001-10-312001-07-312001-04-302001-01-312000-10-312000-07-312000-04-302000-01-311999-10-311999-07-311999-04-301999-01-311998-10-311998-07-311998-04-301998-01-311997-10-311997-07-311997-04-301997-01-311996-10-311996-07-311996-04-301996-01-311995-10-31
> Total Assets 
153,947,000
153,947,000
158,294,000
164,325,000
157,261,000
168,689,000
176,128,000
181,697,000
195,153,000
210,691,000
211,929,000
222,656,000
233,588,000
232,497,000
221,476,000
227,399,000
222,691,000
232,421,000
244,777,000
243,124,000
253,171,000
272,764,000
274,944,000
271,178,000
284,424,694
294,508,158
297,136,585
299,757,720
296,380,062
289,587,895
291,699,842
282,160,146
285,892,127
281,450,503
283,633,621
286,890,220
279,212,387
300,547,011
309,089,421
317,532,754
314,025,269
324,951,070
356,978,899
364,981,333
379,005,946
396,470,312
411,710,483
408,115,217
411,509,791
449,421,687
452,572,835
462,407,000
507,625,060
509,829,154
513,567,000
485,856,000
496,516,000
507,626,000
526,125,000
523,424,000
526,657,000
541,268,000
571,541,000
567,689,000
575,256,000
637,055,000
659,690,000
669,970,000
668,044,000
736,361,000
754,156,000
742,625,000
743,788,000
782,835,000
791,772,000
791,509,000
805,666,000
851,873,000
837,161,000
863,064,000
856,497,000
919,613,000
894,961,000
906,844,000
896,266,000
886,992,000
921,646,000
841,016,000
906,332,000
853,693,000
915,273,000
851,733,000
923,152,000
858,495,000
926,310,000
946,703,000
998,493,000
1,034,283,000
1,058,169,000
1,066,740,000
1,086,161,000
1,154,022,000
1,247,073,000
1,169,872,000
1,136,466,000
1,164,050,000
1,125,248,000
1,163,429,000
1,184,844,000
1,245,474,000
1,288,506,000
1,292,102,000
1,349,418,000
1,374,438,000
1,373,198,000
1,396,098,000
1,410,789,000
1,392,886,000
1,399,430,000
1,402,366,000
1,402,366,0001,399,430,0001,392,886,0001,410,789,0001,396,098,0001,373,198,0001,374,438,0001,349,418,0001,292,102,0001,288,506,0001,245,474,0001,184,844,0001,163,429,0001,125,248,0001,164,050,0001,136,466,0001,169,872,0001,247,073,0001,154,022,0001,086,161,0001,066,740,0001,058,169,0001,034,283,000998,493,000946,703,000926,310,000858,495,000923,152,000851,733,000915,273,000853,693,000906,332,000841,016,000921,646,000886,992,000896,266,000906,844,000894,961,000919,613,000856,497,000863,064,000837,161,000851,873,000805,666,000791,509,000791,772,000782,835,000743,788,000742,625,000754,156,000736,361,000668,044,000669,970,000659,690,000637,055,000575,256,000567,689,000571,541,000541,268,000526,657,000523,424,000526,125,000507,626,000496,516,000485,856,000513,567,000509,829,154507,625,060462,407,000452,572,835449,421,687411,509,791408,115,217411,710,483396,470,312379,005,946364,981,333356,978,899324,951,070314,025,269317,532,754309,089,421300,547,011279,212,387286,890,220283,633,621281,450,503285,892,127282,160,146291,699,842289,587,895296,380,062299,757,720297,136,585294,508,158284,424,694271,178,000274,944,000272,764,000253,171,000243,124,000244,777,000232,421,000222,691,000227,399,000221,476,000232,497,000233,588,000222,656,000211,929,000210,691,000195,153,000181,697,000176,128,000168,689,000157,261,000164,325,000158,294,000153,947,000153,947,000
   > Total Current Assets 
0
14,819,000
15,288,000
16,814,000
16,815,000
14,051,000
17,250,000
16,059,000
193,068,000
20,660,000
18,815,000
19,109,000
231,442,000
20,745,000
17,445,000
19,626,000
220,648,000
17,911,000
21,082,000
19,043,000
251,044,000
21,779,000
19,281,000
14,739,000
281,366,450
291,588,785
294,298,259
296,954,869
21,647,975
15,482,056
16,865,244
17,075,711
21,482,263
16,723,134
18,084,465
18,250,166
17,482,321
17,778,467
18,090,680
19,807,763
20,259,771
20,368,685
21,647,873
20,424,256
20,013,463
22,785,420
26,499,168
25,417,953
27,807,208
32,246,988
28,819,570
28,615,000
34,892,977
30,267,945
37,398,000
33,138,000
56,130,000
61,033,000
61,682,000
54,398,000
62,747,000
56,593,000
75,700,000
62,319,000
69,313,000
68,639,000
77,738,000
76,949,000
88,770,000
53,120,000
55,157,000
52,157,000
80,613,000
55,321,000
59,758,000
49,964,000
77,673,000
106,616,000
100,318,000
123,793,000
101,933,000
120,930,000
108,472,000
117,875,000
81,294,000
99,640,000
99,373,000
0
107,423,000
0
110,783,000
0
110,886,000
0
114,326,000
105,179,000
118,156,000
109,725,000
110,780,000
103,018,000
89,247,000
125,064,000
188,837,000
144,347,000
125,204,000
160,029,000
114,158,000
135,888,000
129,128,000
161,844,000
168,050,000
152,667,000
132,689,000
166,496,000
150,452,000
170,549,000
154,836,000
171,442,000
426,215,000
176,902,000
176,902,000426,215,000171,442,000154,836,000170,549,000150,452,000166,496,000132,689,000152,667,000168,050,000161,844,000129,128,000135,888,000114,158,000160,029,000125,204,000144,347,000188,837,000125,064,00089,247,000103,018,000110,780,000109,725,000118,156,000105,179,000114,326,0000110,886,0000110,783,0000107,423,000099,373,00099,640,00081,294,000117,875,000108,472,000120,930,000101,933,000123,793,000100,318,000106,616,00077,673,00049,964,00059,758,00055,321,00080,613,00052,157,00055,157,00053,120,00088,770,00076,949,00077,738,00068,639,00069,313,00062,319,00075,700,00056,593,00062,747,00054,398,00061,682,00061,033,00056,130,00033,138,00037,398,00030,267,94534,892,97728,615,00028,819,57032,246,98827,807,20825,417,95326,499,16822,785,42020,013,46320,424,25621,647,87320,368,68520,259,77119,807,76318,090,68017,778,46717,482,32118,250,16618,084,46516,723,13421,482,26317,075,71116,865,24415,482,05621,647,975296,954,869294,298,259291,588,785281,366,45014,739,00019,281,00021,779,000251,044,00019,043,00021,082,00017,911,000220,648,00019,626,00017,445,00020,745,000231,442,00019,109,00018,815,00020,660,000193,068,00016,059,00017,250,00014,051,00016,815,00016,814,00015,288,00014,819,0000
       Cash And Cash Equivalents 
14,819,000
14,819,000
15,288,000
16,814,000
14,737,000
14,051,000
17,250,000
16,059,000
18,174,000
20,660,000
18,815,000
19,109,000
22,900,000
20,745,000
17,445,000
19,626,000
17,115,000
17,911,000
21,082,000
19,043,000
17,441,000
21,779,000
19,281,000
14,739,000
18,431,995
19,801,996
18,743,923
19,431,512
18,246,106
15,482,056
16,865,244
17,075,711
18,483,450
16,723,134
18,084,465
18,250,166
14,853,694
17,778,467
18,090,680
19,807,763
17,683,316
20,368,685
21,647,873
20,424,256
20,013,463
22,785,420
26,499,168
25,417,953
25,148,993
32,246,988
28,819,570
28,615,000
34,892,977
30,267,945
33,949,000
29,721,000
37,698,000
57,336,000
57,377,000
50,006,000
39,530,000
51,950,000
71,402,000
57,908,000
45,222,000
63,701,000
77,738,000
71,615,000
54,804,000
53,120,000
55,157,000
52,157,000
53,338,000
55,321,000
59,758,000
49,964,000
56,730,000
65,894,000
60,664,000
82,789,000
73,927,000
75,253,000
61,215,000
69,774,000
46,344,000
48,429,000
50,877,000
44,659,000
57,750,000
48,191,000
59,663,000
80,395,000
57,365,000
87,344,000
61,792,000
51,891,000
62,269,000
52,942,000
50,121,000
45,262,000
46,720,000
69,291,000
103,904,000
59,041,000
76,460,000
89,491,000
52,017,000
75,881,000
86,323,000
99,053,000
85,910,000
67,715,000
65,895,000
81,386,000
63,893,000
90,325,000
90,312,000
67,249,000
58,631,000
58,329,000
58,329,00058,631,00067,249,00090,312,00090,325,00063,893,00081,386,00065,895,00067,715,00085,910,00099,053,00086,323,00075,881,00052,017,00089,491,00076,460,00059,041,000103,904,00069,291,00046,720,00045,262,00050,121,00052,942,00062,269,00051,891,00061,792,00087,344,00057,365,00080,395,00059,663,00048,191,00057,750,00044,659,00050,877,00048,429,00046,344,00069,774,00061,215,00075,253,00073,927,00082,789,00060,664,00065,894,00056,730,00049,964,00059,758,00055,321,00053,338,00052,157,00055,157,00053,120,00054,804,00071,615,00077,738,00063,701,00045,222,00057,908,00071,402,00051,950,00039,530,00050,006,00057,377,00057,336,00037,698,00029,721,00033,949,00030,267,94534,892,97728,615,00028,819,57032,246,98825,148,99325,417,95326,499,16822,785,42020,013,46320,424,25621,647,87320,368,68517,683,31619,807,76318,090,68017,778,46714,853,69418,250,16618,084,46516,723,13418,483,45017,075,71116,865,24415,482,05618,246,10619,431,51218,743,92319,801,99618,431,99514,739,00019,281,00021,779,00017,441,00019,043,00021,082,00017,911,00017,115,00019,626,00017,445,00020,745,00022,900,00019,109,00018,815,00020,660,00018,174,00016,059,00017,250,00014,051,00014,737,00016,814,00015,288,00014,819,00014,819,000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,449,000
3,449,000
3,417,000
14,928,000
3,697,000
4,305,000
4,392,000
19,913,000
4,643,000
4,298,000
4,411,000
19,032,000
0
0
27,970,000
27,970,000
0
0
22,463,000
22,463,000
0
0
16,296,000
16,296,000
40,722,000
39,654,000
41,004,000
23,210,000
45,677,000
47,257,000
48,101,000
29,691,000
51,211,000
48,496,000
0
49,673,000
0
45,924,000
0
53,521,000
0
52,534,000
53,288,000
48,414,000
56,783,000
60,659,000
57,756,000
34,744,000
55,773,000
84,933,000
85,306,000
40,039,000
70,538,000
62,141,000
60,007,000
33,730,000
62,791,000
82,140,000
84,952,000
53,412,000
85,110,000
86,559,000
80,224,000
50,514,000
104,193,000
110,699,000
118,573,000
118,573,000110,699,000104,193,00050,514,00080,224,00086,559,00085,110,00053,412,00084,952,00082,140,00062,791,00033,730,00060,007,00062,141,00070,538,00040,039,00085,306,00084,933,00055,773,00034,744,00057,756,00060,659,00056,783,00048,414,00053,288,00052,534,000053,521,000045,924,000049,673,000048,496,00051,211,00029,691,00048,101,00047,257,00045,677,00023,210,00041,004,00039,654,00040,722,00016,296,00016,296,0000022,463,00022,463,0000027,970,00027,970,0000019,032,0004,411,0004,298,0004,643,00019,913,0004,392,0004,305,0003,697,00014,928,0003,417,0003,449,0003,449,00000000000000000000000000000000000000000000000000000000
       Net Receivables 
0
0
0
2,078,000
2,078,000
0
0
3,813,000
3,813,000
0
0
2,989,000
2,989,000
0
0
3,082,000
3,082,000
0
0
3,549,000
3,549,000
0
0
3,626,409
3,626,409
0
0
3,401,869
3,401,869
0
0
2,998,813
2,998,813
0
0
2,628,627
2,628,627
0
0
2,576,455
2,576,455
0
0
0
0
0
0
2,658,216
2,658,216
0
0
0
0
0
0
3,504,000
3,504,000
0
0
3,304,000
3,304,000
0
0
5,059,000
5,059,000
4,938,000
5,334,000
5,334,000
5,996,000
0
0
4,812,000
4,812,000
0
0
4,647,000
4,647,000
0
0
4,796,000
4,796,000
0
0
5,259,000
5,259,000
48,344,000
84,000
54,917,000
61,000
54,388,000
5,196,000
56,187,000
10,000
66,835,000
9,000
3,000
7,473,000
0
0
0
7,783,000
0
0
0
8,705,000
0
0
0
9,075,000
0
0
0
13,382,000
0
0
0
14,010,000
0
0
0
00014,010,00000013,382,0000009,075,0000008,705,0000007,783,0000007,473,0003,0009,00066,835,00010,00056,187,0005,196,00054,388,00061,00054,917,00084,00048,344,0005,259,0005,259,000004,796,0004,796,000004,647,0004,647,000004,812,0004,812,000005,996,0005,334,0005,334,0004,938,0005,059,0005,059,000003,304,0003,304,000003,504,0003,504,0000000002,658,2162,658,2160000002,576,4552,576,455002,628,6272,628,627002,998,8132,998,813003,401,8693,401,869003,626,4093,626,409003,549,0003,549,000003,082,0003,082,000002,989,0002,989,000003,813,0003,813,000002,078,0002,078,000000
       Other Current Assets 
0
0
0
0
0
0
0
171,081,000
171,081,000
0
0
205,553,000
205,553,000
0
0
200,451,000
200,451,000
0
0
230,054,000
230,054,000
0
0
259,308,046
259,308,046
271,786,789
275,554,336
277,523,357
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
25,516,000
0
27,302,000
0
19,431,000
0
31,776,000
0
29,299,000
0
21,079,000
30,460,000
34,453,000
31,645,000
16,366,000
27,891,000
35,356,000
34,768,000
37,395,000
25,429,000
30,254,000
22,293,000
342,941,000
363,858,000
388,407,000
406,175,000
388,386,000
362,191,000
429,502,000
399,019,000
386,364,000
429,418,000
475,374,000
439,252,000
426,215,000
391,825,000
391,825,000426,215,000439,252,000475,374,000429,418,000386,364,000399,019,000429,502,000362,191,000388,386,000406,175,000388,407,000363,858,000342,941,00022,293,00030,254,00025,429,00037,395,00034,768,00035,356,00027,891,00016,366,00031,645,00034,453,00030,460,00021,079,000029,299,000031,776,000019,431,000027,302,000025,516,00000000000000000000000000000000000000000000000000000000000277,523,357275,554,336271,786,789259,308,046259,308,04600230,054,000230,054,00000200,451,000200,451,00000205,553,000205,553,00000171,081,000171,081,0000000000
   > Long-term Assets 
0
24,664,000
25,750,000
27,967,000
27,428,000
26,966,000
27,728,000
25,956,000
2,085,000
28,764,000
29,244,000
29,424,000
2,146,000
30,899,000
32,149,000
33,350,000
2,043,000
36,946,000
37,968,000
36,891,000
2,127,000
46,522,000
49,498,000
52,566,000
3,058,245
2,919,373
2,838,325
2,802,850
58,898,754
59,452,555
61,247,315
62,271,320
65,689,041
65,145,580
62,965,858
66,894,212
61,146,062
84,067,229
75,366,499
76,488,307
87,748,258
80,662,267
91,260,467
94,490,327
98,925,165
104,297,472
103,960,067
96,579,704
92,512,534
98,480,924
102,202,130
96,146,000
93,278,018
103,386,185
117,948,000
132,224,000
123,135,000
121,783,000
129,589,000
123,103,000
122,652,000
129,625,000
138,791,000
136,475,000
130,089,000
133,203,000
139,131,000
139,687,000
136,866,000
160,703,000
157,756,000
154,946,000
137,899,000
169,573,000
173,781,000
175,614,000
154,130,000
148,962,000
152,748,000
145,071,000
142,103,000
165,305,000
167,021,000
172,058,000
181,240,000
181,404,000
182,142,000
0
175,456,000
0
169,506,000
0
182,981,000
0
176,958,000
174,372,000
189,589,000
197,523,000
215,046,000
225,257,000
221,766,000
232,540,000
251,396,000
261,015,000
246,263,000
258,324,000
247,661,000
240,806,000
238,227,000
251,226,000
250,691,000
243,374,000
238,721,000
245,261,000
250,130,000
246,630,000
250,609,000
283,463,000
973,215,000
302,593,000
302,593,000973,215,000283,463,000250,609,000246,630,000250,130,000245,261,000238,721,000243,374,000250,691,000251,226,000238,227,000240,806,000247,661,000258,324,000246,263,000261,015,000251,396,000232,540,000221,766,000225,257,000215,046,000197,523,000189,589,000174,372,000176,958,0000182,981,0000169,506,0000175,456,0000182,142,000181,404,000181,240,000172,058,000167,021,000165,305,000142,103,000145,071,000152,748,000148,962,000154,130,000175,614,000173,781,000169,573,000137,899,000154,946,000157,756,000160,703,000136,866,000139,687,000139,131,000133,203,000130,089,000136,475,000138,791,000129,625,000122,652,000123,103,000129,589,000121,783,000123,135,000132,224,000117,948,000103,386,18593,278,01896,146,000102,202,13098,480,92492,512,53496,579,704103,960,067104,297,47298,925,16594,490,32791,260,46780,662,26787,748,25876,488,30775,366,49984,067,22961,146,06266,894,21262,965,85865,145,58065,689,04162,271,32061,247,31559,452,55558,898,7542,802,8502,838,3252,919,3733,058,24552,566,00049,498,00046,522,0002,127,00036,891,00037,968,00036,946,0002,043,00033,350,00032,149,00030,899,0002,146,00029,424,00029,244,00028,764,0002,085,00025,956,00027,728,00026,966,00027,428,00027,967,00025,750,00024,664,0000
       Property Plant Equipment 
0
0
0
1,523,000
1,523,000
0
0
1,716,000
1,716,000
0
0
1,759,000
1,759,000
0
0
1,681,000
1,681,000
0
0
1,631,000
1,631,000
0
0
2,325,028
2,325,028
2,252,495
2,157,754
2,140,934
2,101,246
2,069,647
2,053,559
2,019,420
1,943,822
1,863,420
1,871,658
1,872,255
1,871,495
1,937,484
1,904,282
1,946,859
1,934,113
1,926,491
2,178,185
2,209,526
2,256,255
2,344,503
2,308,375
2,295,815
2,271,308
2,459,839
2,505,525
2,542,000
2,687,590
2,422,566
2,443,000
2,372,000
2,372,000
2,322,000
2,320,000
2,401,000
2,450,000
2,469,000
2,472,000
2,493,000
2,552,000
2,623,000
2,632,000
2,145,000
2,260,000
2,296,000
2,265,000
2,228,000
2,228,000
2,252,000
2,222,000
2,231,000
2,272,000
2,334,000
2,182,000
2,237,000
2,286,000
2,339,000
2,317,000
2,441,000
2,520,000
2,275,000
2,355,000
0
2,228,000
0
2,381,000
0
2,314,000
0
2,390,000
2,597,000
2,684,000
2,680,000
2,722,000
2,634,000
2,669,000
6,103,000
6,124,000
6,025,000
5,897,000
5,730,000
5,558,000
5,538,000
5,621,000
5,582,000
5,571,000
5,529,000
5,700,000
5,699,000
5,646,000
5,685,000
5,642,000
5,519,000
5,493,000
5,384,000
5,384,0005,493,0005,519,0005,642,0005,685,0005,646,0005,699,0005,700,0005,529,0005,571,0005,582,0005,621,0005,538,0005,558,0005,730,0005,897,0006,025,0006,124,0006,103,0002,669,0002,634,0002,722,0002,680,0002,684,0002,597,0002,390,00002,314,00002,381,00002,228,00002,355,0002,275,0002,520,0002,441,0002,317,0002,339,0002,286,0002,237,0002,182,0002,334,0002,272,0002,231,0002,222,0002,252,0002,228,0002,228,0002,265,0002,296,0002,260,0002,145,0002,632,0002,623,0002,552,0002,493,0002,472,0002,469,0002,450,0002,401,0002,320,0002,322,0002,372,0002,372,0002,443,0002,422,5662,687,5902,542,0002,505,5252,459,8392,271,3082,295,8152,308,3752,344,5032,256,2552,209,5262,178,1851,926,4911,934,1131,946,8591,904,2821,937,4841,871,4951,872,2551,871,6581,863,4201,943,8222,019,4202,053,5592,069,6472,101,2462,140,9342,157,7542,252,4952,325,0282,325,028001,631,0001,631,000001,681,0001,681,000001,759,0001,759,000001,716,0001,716,000001,523,0001,523,000000
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,845,000
2,845,000
2,875,000
2,908,000
2,765,000
2,701,000
2,744,000
3,050,000
3,026,000
4,184,000
4,245,000
4,377,000
0
0
5,239,000
5,239,000
0
0
6,867,000
6,867,000
0
0
6,909,000
6,909,000
0
0
7,015,000
7,015,000
0
0
7,384,000
7,384,000
6,588,000
0
6,591,000
0
6,590,000
7,243,000
6,597,000
0
6,706,000
0
0
10,007,000
0
0
0
9,631,000
0
0
0
9,279,000
0
0
0
8,848,000
0
0
0
8,874,000
0
0
0
9,181,000
0
0
0
0009,181,0000008,874,0000008,848,0000009,279,0000009,631,00000010,007,000006,706,00006,597,0007,243,0006,590,00006,591,00006,588,0007,384,0007,384,000007,015,0007,015,000006,909,0006,909,000006,867,0006,867,000005,239,0005,239,000004,377,0004,245,0004,184,0003,026,0003,050,0002,744,0002,701,0002,765,0002,908,0002,875,0002,845,0002,845,00000000000000000000000000000000000000000000000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
77,219,000
678,059,000
74,566,000
684,147,000
73,114,000
691,603,000
73,868,000
689,478,000
79,680,000
678,901,000
79,039,000
78,934,000
83,258,000
193,762,000
211,146,000
222,741,000
221,575,000
228,677,000
248,458,000
251,461,000
235,132,000
236,724,000
225,855,000
218,565,000
216,002,000
228,892,000
228,408,000
221,265,000
216,188,000
222,392,000
227,088,000
223,683,000
230,486,000
260,963,000
271,990,000
280,240,000
280,240,000271,990,000260,963,000230,486,000223,683,000227,088,000222,392,000216,188,000221,265,000228,408,000228,892,000216,002,000218,565,000225,855,000236,724,000235,132,000251,461,000248,458,000228,677,000221,575,000222,741,000211,146,000193,762,00083,258,00078,934,00079,039,000678,901,00079,680,000689,478,00073,868,000691,603,00073,114,000684,147,00074,566,000678,059,00077,219,000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
549,000
549,000
541,000
561,000
560,000
555,000
568,000
589,000
585,000
3,210,000
3,237,000
3,287,000
0
0
3,453,000
3,453,000
10,345,000
10,464,000
10,589,000
3,837,000
10,822,000
10,794,000
10,820,000
3,975,000
11,068,000
10,923,000
11,037,000
4,434,000
11,620,000
11,541,000
11,693,000
4,757,000
12,056,000
12,285,000
2,567,000
11,931,000
2,491,000
4,863,000
2,448,000
12,049,000
2,427,000
12,273,000
14,890,000
7,712,000
17,864,000
17,825,000
17,612,000
7,834,000
17,191,000
17,112,000
17,136,000
7,736,000
16,977,000
16,801,000
16,703,000
7,756,000
16,752,000
16,712,000
16,580,000
7,959,000
17,170,000
17,396,000
17,262,000
8,012,000
16,981,000
17,054,000
0
017,054,00016,981,0008,012,00017,262,00017,396,00017,170,0007,959,00016,580,00016,712,00016,752,0007,756,00016,703,00016,801,00016,977,0007,736,00017,136,00017,112,00017,191,0007,834,00017,612,00017,825,00017,864,0007,712,00014,890,00012,273,0002,427,00012,049,0002,448,0004,863,0002,491,00011,931,0002,567,00012,285,00012,056,0004,757,00011,693,00011,541,00011,620,0004,434,00011,037,00010,923,00011,068,0003,975,00010,820,00010,794,00010,822,0003,837,00010,589,00010,464,00010,345,0003,453,0003,453,000003,287,0003,237,0003,210,000585,000589,000568,000555,000560,000561,000541,000549,000549,00000000000000000000000000000000000000000000000000000000
       Earning Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
416,575,000
421,517,000
432,565,000
496,287,000
556,718,000
495,067,000
474,786,000
502,034,000
461,234,000
478,881,000
489,341,000
517,933,000
0
0
0
0
0
0
0
0
0
0
0000000000517,933,000489,341,000478,881,000461,234,000502,034,000474,786,000495,067,000556,718,000496,287,000432,565,000421,517,000416,575,00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Long-term Assets Other 
0
-24,664,000
-25,750,000
-27,967,000
-27,428,000
-26,966,000
-27,728,000
-25,956,000
-27,999,000
-28,764,000
-29,244,000
-29,424,000
-29,500,000
-30,899,000
-32,149,000
-33,350,000
-33,969,000
-36,946,000
-37,968,000
-36,891,000
-41,386,000
-46,522,000
-49,498,000
-52,566,000
-53,283,606
-60,868,050
-61,224,714
-56,790,182
-58,898,754
-59,452,555
-61,247,315
-62,271,320
-65,689,041
-65,145,580
-62,965,858
-66,894,212
-61,146,062
-84,067,229
-75,366,499
-76,488,307
-87,748,258
-80,662,267
-91,260,467
-94,490,327
-98,925,165
-104,297,472
-103,960,067
-96,579,704
-92,512,534
-98,480,924
-102,202,130
-96,146,000
-93,278,018
-103,386,185
-117,948,000
-132,224,000
-123,135,000
-121,783,000
-129,589,000
-123,103,000
-122,652,000
-129,625,000
-138,791,000
-136,475,000
-130,089,000
-133,203,000
-139,131,000
-139,687,000
-136,866,000
-160,703,000
-157,756,000
-154,946,000
-137,899,000
-169,573,000
-173,781,000
-175,614,000
-154,130,000
-148,962,000
-152,748,000
-145,071,000
-142,103,000
-165,305,000
-167,021,000
-172,058,000
-181,240,000
-181,404,000
-182,142,000
0
-175,456,000
0
-169,506,000
0
-182,981,000
0
-176,958,000
-174,372,000
-189,589,000
-197,523,000
-215,046,000
-225,257,000
-221,766,000
-232,540,000
-251,396,000
-261,015,000
-246,263,000
-258,324,000
-2,052,000
-2,108,000
-2,051,000
-1,969,000
-1,137,000
-905,000
-1,903,000
-2,508,000
-2,193,000
-3,159,000
-3,530,000
-3,186,000
933,116,000
-3,177,000
-3,177,000933,116,000-3,186,000-3,530,000-3,159,000-2,193,000-2,508,000-1,903,000-905,000-1,137,000-1,969,000-2,051,000-2,108,000-2,052,000-258,324,000-246,263,000-261,015,000-251,396,000-232,540,000-221,766,000-225,257,000-215,046,000-197,523,000-189,589,000-174,372,000-176,958,0000-182,981,0000-169,506,0000-175,456,0000-182,142,000-181,404,000-181,240,000-172,058,000-167,021,000-165,305,000-142,103,000-145,071,000-152,748,000-148,962,000-154,130,000-175,614,000-173,781,000-169,573,000-137,899,000-154,946,000-157,756,000-160,703,000-136,866,000-139,687,000-139,131,000-133,203,000-130,089,000-136,475,000-138,791,000-129,625,000-122,652,000-123,103,000-129,589,000-121,783,000-123,135,000-132,224,000-117,948,000-103,386,185-93,278,018-96,146,000-102,202,130-98,480,924-92,512,534-96,579,704-103,960,067-104,297,472-98,925,165-94,490,327-91,260,467-80,662,267-87,748,258-76,488,307-75,366,499-84,067,229-61,146,062-66,894,212-62,965,858-65,145,580-65,689,041-62,271,320-61,247,315-59,452,555-58,898,754-56,790,182-61,224,714-60,868,050-53,283,606-52,566,000-49,498,000-46,522,000-41,386,000-36,891,000-37,968,000-36,946,000-33,969,000-33,350,000-32,149,000-30,899,000-29,500,000-29,424,000-29,244,000-28,764,000-27,999,000-25,956,000-27,728,000-26,966,000-27,428,000-27,967,000-25,750,000-24,664,0000
> Total Liabilities 
146,535,000
146,535,000
150,594,000
156,404,000
149,411,000
160,737,000
167,918,000
173,224,000
185,618,000
201,034,000
202,077,000
212,124,000
222,601,000
221,501,000
210,325,000
215,858,000
211,087,000
220,794,000
232,747,000
230,630,000
239,467,000
259,529,000
261,237,000
256,056,000
268,731,947
279,038,492
280,468,873
282,935,867
279,690,031
272,963,808
274,977,803
265,092,879
268,951,602
264,375,331
265,949,541
269,080,506
261,697,147
285,042,173
292,856,423
301,033,427
297,637,265
308,445,608
340,177,515
347,503,111
361,023,225
376,183,422
391,219,079
387,943,776
392,209,819
428,880,522
431,562,186
440,591,000
485,482,203
486,467,552
490,123,000
461,939,000
471,190,000
481,708,000
500,034,000
496,379,000
498,447,000
512,554,000
540,183,000
535,340,000
541,856,000
602,918,000
623,023,000
631,484,000
626,665,000
693,397,000
709,949,000
697,298,000
697,237,000
735,476,000
744,315,000
743,063,000
756,455,000
800,692,000
786,218,000
810,103,000
803,018,000
863,958,000
841,135,000
851,540,000
838,445,000
829,160,000
861,847,000
762,190,000
848,414,000
774,715,000
853,648,000
774,342,000
861,965,000
780,461,000
863,175,000
879,369,000
930,813,000
965,117,000
987,922,000
996,609,000
1,015,969,000
1,084,161,000
1,176,738,000
1,099,297,000
1,065,963,000
1,092,913,000
1,054,826,000
1,091,268,000
1,111,952,000
1,171,528,000
1,216,539,000
1,218,517,000
1,274,669,000
1,298,687,000
1,294,448,000
1,318,380,000
1,332,122,000
1,312,434,000
1,318,355,000
1,319,147,000
1,319,147,0001,318,355,0001,312,434,0001,332,122,0001,318,380,0001,294,448,0001,298,687,0001,274,669,0001,218,517,0001,216,539,0001,171,528,0001,111,952,0001,091,268,0001,054,826,0001,092,913,0001,065,963,0001,099,297,0001,176,738,0001,084,161,0001,015,969,000996,609,000987,922,000965,117,000930,813,000879,369,000863,175,000780,461,000861,965,000774,342,000853,648,000774,715,000848,414,000762,190,000861,847,000829,160,000838,445,000851,540,000841,135,000863,958,000803,018,000810,103,000786,218,000800,692,000756,455,000743,063,000744,315,000735,476,000697,237,000697,298,000709,949,000693,397,000626,665,000631,484,000623,023,000602,918,000541,856,000535,340,000540,183,000512,554,000498,447,000496,379,000500,034,000481,708,000471,190,000461,939,000490,123,000486,467,552485,482,203440,591,000431,562,186428,880,522392,209,819387,943,776391,219,079376,183,422361,023,225347,503,111340,177,515308,445,608297,637,265301,033,427292,856,423285,042,173261,697,147269,080,506265,949,541264,375,331268,951,602265,092,879274,977,803272,963,808279,690,031282,935,867280,468,873279,038,492268,731,947256,056,000261,237,000259,529,000239,467,000230,630,000232,747,000220,794,000211,087,000215,858,000210,325,000221,501,000222,601,000212,124,000202,077,000201,034,000185,618,000173,224,000167,918,000160,737,000149,411,000156,404,000150,594,000146,535,000146,535,000
   > Total Current Liabilities 
0
0
0
0
2,445,000
0
0
0
2,871,000
0
0
0
2,879,000
0
0
0
3,283,000
0
0
0
3,389,000
0
0
0
2,932,868
0
0
0
2,227,414
0
0
0
2,240,538
0
0
0
2,106,803
0
0
0
1,876,255
0
0
0
2,666,891
0
0
0
2,385,772
0
0
0
2,740,500
0
14,608,000
13,840,000
22,485,000
13,339,000
23,119,000
21,433,000
28,882,000
25,717,000
25,470,000
22,045,000
23,368,000
19,240,000
22,395,000
22,605,000
27,473,000
0
0
0
8,058,000
0
0
0
7,478,000
0
0
0
122,079,000
0
0
0
105,123,000
0
781,749,000
0
772,715,000
0
102,480,000
0
792,161,000
0
793,176,000
802,260,000
102,758,000
107,417,000
100,622,000
106,869,000
122,719,000
129,085,000
117,634,000
81,404,000
65,608,000
57,436,000
63,071,000
72,614,000
92,896,000
105,232,000
109,328,000
109,150,000
142,670,000
138,955,000
138,889,000
134,182,000
136,909,000
118,911,000
681,047,000
110,448,000
110,448,000681,047,000118,911,000136,909,000134,182,000138,889,000138,955,000142,670,000109,150,000109,328,000105,232,00092,896,00072,614,00063,071,00057,436,00065,608,00081,404,000117,634,000129,085,000122,719,000106,869,000100,622,000107,417,000102,758,000802,260,000793,176,0000792,161,0000102,480,0000772,715,0000781,749,0000105,123,000000122,079,0000007,478,0000008,058,00000027,473,00022,605,00022,395,00019,240,00023,368,00022,045,00025,470,00025,717,00028,882,00021,433,00023,119,00013,339,00022,485,00013,840,00014,608,00002,740,5000002,385,7720002,666,8910001,876,2550002,106,8030002,240,5380002,227,4140002,932,8680003,389,0000003,283,0000002,879,0000002,871,0000002,445,0000000
       Short-term Debt 
0
0
0
0
459,000
0
0
0
340,000
0
0
0
304,000
0
0
0
60,000
0
0
0
82,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
14,608,000
14,608,000
13,840,000
14,688,000
13,339,000
23,119,000
21,433,000
21,519,000
25,717,000
25,470,000
22,045,000
15,450,000
17,139,000
22,395,000
20,780,000
18,622,000
0
0
0
0
0
0
0
0
0
0
114,740,000
114,740,000
0
0
97,135,000
97,135,000
57,647,000
143,621,000
51,613,000
139,303,000
55,070,000
93,645,000
56,424,000
90,931,000
51,575,000
90,888,000
81,706,000
93,362,000
107,417,000
100,622,000
106,869,000
113,516,000
129,085,000
117,634,000
81,404,000
57,299,000
57,436,000
63,071,000
72,614,000
83,976,000
105,232,000
109,328,000
109,150,000
130,106,000
138,955,000
138,889,000
134,182,000
119,931,000
118,911,000
184,246,000
110,448,000
110,448,000184,246,000118,911,000119,931,000134,182,000138,889,000138,955,000130,106,000109,150,000109,328,000105,232,00083,976,00072,614,00063,071,00057,436,00057,299,00081,404,000117,634,000129,085,000113,516,000106,869,000100,622,000107,417,00093,362,00081,706,00090,888,00051,575,00090,931,00056,424,00093,645,00055,070,000139,303,00051,613,000143,621,00057,647,00097,135,00097,135,00000114,740,000114,740,000000000000018,622,00020,780,00022,395,00017,139,00015,450,00022,045,00025,470,00025,717,00021,519,00021,433,00023,119,00013,339,00014,688,00013,840,00014,608,00014,608,0000000000000000000000000000000000082,00000060,000000304,000000340,000000459,0000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
147,601,000
57,647,000
143,621,000
51,613,000
139,303,000
55,070,000
95,843,000
56,424,000
90,931,000
51,575,000
90,888,000
81,706,000
101,257,000
116,527,000
124,331,000
120,555,000
124,083,000
143,019,000
117,634,000
81,404,000
57,299,000
57,436,000
63,071,000
72,614,000
3,261,000
105,232,000
109,328,000
109,150,000
130,106,000
138,955,000
138,889,000
134,182,000
119,931,000
118,911,000
115,101,000
110,448,000
110,448,000115,101,000118,911,000119,931,000134,182,000138,889,000138,955,000130,106,000109,150,000109,328,000105,232,0003,261,00072,614,00063,071,00057,436,00057,299,00081,404,000117,634,000143,019,000124,083,000120,555,000124,331,000116,527,000101,257,00081,706,00090,888,00051,575,00090,931,00056,424,00095,843,00055,070,000139,303,00051,613,000143,621,00057,647,000147,601,000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
0
0
1,986,000
1,986,000
0
0
2,531,000
2,531,000
0
0
2,575,000
2,575,000
0
0
3,223,000
3,223,000
0
0
3,307,000
3,307,000
0
0
2,932,868
2,932,868
0
0
2,227,414
2,227,414
0
0
2,240,538
2,240,538
0
0
2,106,803
2,106,803
0
0
1,876,255
1,876,255
0
0
2,666,891
2,666,891
0
0
2,385,772
2,385,772
0
0
2,740,500
2,740,500
0
0
7,797,000
7,797,000
0
0
7,363,000
7,363,000
0
0
7,918,000
7,918,000
2,101,000
1,825,000
1,825,000
8,851,000
0
0
8,058,000
8,058,000
0
0
7,478,000
7,478,000
0
0
7,339,000
7,339,000
0
0
7,988,000
7,988,000
379,088,000
630,754,000
394,110,000
621,516,000
397,584,000
8,835,000
383,020,000
640,882,000
389,848,000
647,218,000
661,834,000
9,396,000
700,786,000
723,201,000
733,882,000
9,203,000
763,850,000
797,690,000
767,993,000
8,309,000
768,993,000
756,661,000
794,386,000
8,920,000
851,045,000
876,554,000
879,582,000
12,564,000
949,887,000
0
957,225,000
16,978,000
0
0
0
00016,978,000957,225,0000949,887,00012,564,000879,582,000876,554,000851,045,0008,920,000794,386,000756,661,000768,993,0008,309,000767,993,000797,690,000763,850,0009,203,000733,882,000723,201,000700,786,0009,396,000661,834,000647,218,000389,848,000640,882,000383,020,0008,835,000397,584,000621,516,000394,110,000630,754,000379,088,0007,988,0007,988,000007,339,0007,339,000007,478,0007,478,000008,058,0008,058,000008,851,0001,825,0001,825,0002,101,0007,918,0007,918,000007,363,0007,363,000007,797,0007,797,000002,740,5002,740,500002,385,7722,385,772002,666,8912,666,891001,876,2551,876,255002,106,8032,106,803002,240,5382,240,538002,227,4142,227,414002,932,8682,932,868003,307,0003,307,000003,223,0003,223,000002,575,0002,575,000002,531,0002,531,000001,986,0001,986,000000
       Other Current Liabilities 
0
0
0
0
-2,445,000
0
0
0
-2,871,000
0
0
0
-2,879,000
0
0
0
-3,283,000
0
0
0
-3,389,000
0
0
0
-2,932,868
0
0
0
-2,227,414
0
0
0
-2,240,538
0
0
0
-2,106,803
0
0
0
-1,876,255
0
0
0
-2,666,891
0
0
0
-2,385,772
0
0
0
-2,740,500
0
-14,608,000
-13,840,000
-22,485,000
-13,339,000
-23,119,000
-21,433,000
-28,882,000
-25,717,000
-25,470,000
-22,045,000
-23,368,000
-19,240,000
-22,395,000
-22,605,000
-27,473,000
0
0
0
-8,058,000
0
0
0
-7,478,000
0
0
0
-122,079,000
0
0
0
-105,123,000
152,109,000
14,995,000
144,913,000
17,772,000
154,639,000
-102,480,000
159,436,000
22,607,000
160,424,000
23,060,000
23,942,000
-102,758,000
-107,417,000
-100,622,000
-106,869,000
-122,719,000
-129,085,000
-117,634,000
-81,404,000
-65,608,000
-57,436,000
-63,071,000
-72,614,000
-92,896,000
-105,232,000
-109,328,000
-109,150,000
-142,670,000
-138,955,000
-138,889,000
-134,182,000
-136,909,000
-118,911,000
496,801,000
-110,448,000
-110,448,000496,801,000-118,911,000-136,909,000-134,182,000-138,889,000-138,955,000-142,670,000-109,150,000-109,328,000-105,232,000-92,896,000-72,614,000-63,071,000-57,436,000-65,608,000-81,404,000-117,634,000-129,085,000-122,719,000-106,869,000-100,622,000-107,417,000-102,758,00023,942,00023,060,000160,424,00022,607,000159,436,000-102,480,000154,639,00017,772,000144,913,00014,995,000152,109,000-105,123,000000-122,079,000000-7,478,000000-8,058,000000-27,473,000-22,605,000-22,395,000-19,240,000-23,368,000-22,045,000-25,470,000-25,717,000-28,882,000-21,433,000-23,119,000-13,339,000-22,485,000-13,840,000-14,608,0000-2,740,500000-2,385,772000-2,666,891000-1,876,255000-2,106,803000-2,240,538000-2,227,414000-2,932,868000-3,389,000000-3,283,000000-2,879,000000-2,871,000000-2,445,0000000
   > Long-term Liabilities 
3,050,000
3,050,000
3,335,000
3,334,000
3,251,000
3,581,000
3,629,000
5,106,000
5,167,000
5,229,000
5,773,000
6,164,000
5,482,000
5,236,000
5,037,000
5,451,000
5,374,000
5,341,000
5,362,000
5,327,000
5,288,000
5,317,000
5,324,000
5,276,000
5,343,596
4,991,288
4,969,421
3,895,487
2,227,414
272,963,808
274,977,803
265,092,879
2,240,538
264,375,331
265,949,541
269,080,506
2,106,803
285,042,173
292,856,423
301,033,427
1,876,255
308,445,608
340,177,515
347,503,111
2,666,891
376,183,422
391,219,079
387,943,776
2,385,772
428,880,522
431,562,186
440,591,000
2,740,500
486,467,552
14,608,000
13,840,000
22,485,000
13,339,000
23,119,000
21,433,000
28,882,000
25,717,000
25,470,000
22,045,000
23,368,000
19,240,000
22,395,000
22,605,000
27,473,000
693,397,000
709,949,000
697,298,000
8,058,000
735,476,000
744,315,000
743,063,000
7,478,000
800,692,000
786,218,000
810,103,000
122,079,000
863,958,000
841,135,000
851,540,000
105,123,000
829,160,000
861,847,000
0
848,414,000
0
102,480,000
0
861,965,000
0
863,175,000
879,369,000
102,758,000
107,417,000
100,622,000
106,869,000
122,719,000
129,085,000
117,634,000
81,404,000
65,608,000
57,436,000
63,071,000
72,614,000
92,896,000
105,232,000
109,328,000
109,150,000
142,670,000
138,955,000
138,889,000
191,900,000
195,328,000
186,916,000
637,308,000
189,855,000
189,855,000637,308,000186,916,000195,328,000191,900,000138,889,000138,955,000142,670,000109,150,000109,328,000105,232,00092,896,00072,614,00063,071,00057,436,00065,608,00081,404,000117,634,000129,085,000122,719,000106,869,000100,622,000107,417,000102,758,000879,369,000863,175,0000861,965,0000102,480,0000848,414,0000861,847,000829,160,000105,123,000851,540,000841,135,000863,958,000122,079,000810,103,000786,218,000800,692,0007,478,000743,063,000744,315,000735,476,0008,058,000697,298,000709,949,000693,397,00027,473,00022,605,00022,395,00019,240,00023,368,00022,045,00025,470,00025,717,00028,882,00021,433,00023,119,00013,339,00022,485,00013,840,00014,608,000486,467,5522,740,500440,591,000431,562,186428,880,5222,385,772387,943,776391,219,079376,183,4222,666,891347,503,111340,177,515308,445,6081,876,255301,033,427292,856,423285,042,1732,106,803269,080,506265,949,541264,375,3312,240,538265,092,879274,977,803272,963,8082,227,4143,895,4874,969,4214,991,2885,343,5965,276,0005,324,0005,317,0005,288,0005,327,0005,362,0005,341,0005,374,0005,451,0005,037,0005,236,0005,482,0006,164,0005,773,0005,229,0005,167,0005,106,0003,629,0003,581,0003,251,0003,334,0003,335,0003,050,0003,050,000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,554,000
9,021,000
7,252,000
7,295,000
7,484,000
7,336,000
7,405,000
6,600,000
6,439,000
6,418,000
6,334,000
6,338,000
8,447,000
8,413,000
8,469,000
8,713,000
8,784,000
9,566,000
0
0
0
0
00009,566,0008,784,0008,713,0008,469,0008,413,0008,447,0006,338,0006,334,0006,418,0006,439,0006,600,0007,405,0007,336,0007,484,0007,295,0007,252,0009,021,0007,554,00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
60,085,000
44,416,000
72,477,000
48,546,000
69,823,000
46,164,000
55,903,000
42,020,000
64,103,000
38,096,000
64,332,000
71,422,000
64,407,000
73,124,000
75,899,000
70,596,000
66,321,000
81,714,000
93,427,000
90,367,000
71,450,000
88,563,000
84,958,000
86,158,000
76,104,000
93,970,000
87,367,000
81,804,000
70,611,000
87,975,000
0
89,647,000
0
0
0
0
000089,647,000087,975,00070,611,00081,804,00087,367,00093,970,00076,104,00086,158,00084,958,00088,563,00071,450,00090,367,00093,427,00081,714,00066,321,00070,596,00075,899,00073,124,00064,407,00071,422,00064,332,00038,096,00064,103,00042,020,00055,903,00046,164,00069,823,00048,546,00072,477,00044,416,00060,085,000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
7,412,000
7,412,000
7,700,000
7,921,000
7,749,000
7,952,000
8,210,000
8,473,000
9,398,000
9,657,000
9,852,000
10,532,000
10,814,000
10,996,000
11,151,000
11,541,000
11,406,000
11,627,000
12,030,000
12,494,000
12,975,000
13,235,000
13,707,000
14,069,000
14,607,205
14,368,763
14,803,199
14,934,283
14,777,259
14,704,988
14,403,551
14,732,620
14,614,269
14,759,132
15,406,554
15,530,273
15,235,308
15,218,308
15,943,325
16,203,012
16,082,182
16,195,949
16,413,978
17,067,542
17,547,403
19,795,414
19,995,563
19,666,702
18,803,330
19,992,972
20,422,946
21,361,000
21,641,414
22,812,193
22,908,000
23,397,000
24,772,000
25,357,000
25,552,000
26,475,000
27,631,000
28,081,000
30,782,000
31,747,000
32,760,000
32,496,000
34,950,000
36,798,000
39,636,000
41,152,000
42,396,000
43,501,000
44,653,000
46,191,000
46,220,000
47,170,000
47,899,000
49,827,000
49,646,000
51,608,000
52,019,000
54,180,000
52,386,000
53,855,000
56,251,000
56,255,000
58,134,000
78,826,000
56,384,000
78,978,000
60,033,000
77,391,000
59,660,000
78,034,000
61,495,000
64,986,000
65,228,000
66,409,000
67,455,000
67,418,000
67,522,000
67,369,000
67,883,000
68,191,000
68,127,000
68,695,000
68,008,000
70,019,000
70,802,000
71,724,000
70,385,000
72,095,000
73,225,000
74,187,000
77,152,000
76,057,000
76,928,000
78,756,000
79,356,000
81,504,000
81,504,00079,356,00078,756,00076,928,00076,057,00077,152,00074,187,00073,225,00072,095,00070,385,00071,724,00070,802,00070,019,00068,008,00068,695,00068,127,00068,191,00067,883,00067,369,00067,522,00067,418,00067,455,00066,409,00065,228,00064,986,00061,495,00078,034,00059,660,00077,391,00060,033,00078,978,00056,384,00078,826,00058,134,00056,255,00056,251,00053,855,00052,386,00054,180,00052,019,00051,608,00049,646,00049,827,00047,899,00047,170,00046,220,00046,191,00044,653,00043,501,00042,396,00041,152,00039,636,00036,798,00034,950,00032,496,00032,760,00031,747,00030,782,00028,081,00027,631,00026,475,00025,552,00025,357,00024,772,00023,397,00022,908,00022,812,19321,641,41421,361,00020,422,94619,992,97218,803,33019,666,70219,995,56319,795,41417,547,40317,067,54216,413,97816,195,94916,082,18216,203,01215,943,32515,218,30815,235,30815,530,27315,406,55414,759,13214,614,26914,732,62014,403,55114,704,98814,777,25914,934,28314,803,19914,368,76314,607,20514,069,00013,707,00013,235,00012,975,00012,494,00012,030,00011,627,00011,406,00011,541,00011,151,00010,996,00010,814,00010,532,0009,852,0009,657,0009,398,0008,473,0008,210,0007,952,0007,749,0007,921,0007,700,0007,412,0007,412,000
   Common Stock
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,920,171
2,920,171
2,943,133
2,990,434
2,992,874
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,946,000
4,946,000
0
0
5,775,000
5,775,000
0
0
8,432,000
8,432,000
0
0
13,139,000
13,139,000
13,552,000
13,904,000
14,188,000
14,516,000
14,889,000
14,999,000
15,141,000
15,231,000
15,173,000
15,186,000
15,185,000
15,141,000
15,172,000
15,194,000
15,314,000
15,513,000
15,625,000
15,614,000
20,000
15,584,000
20,000
15,644,000
20,000
15,677,000
20,000
15,711,000
18,292,000
18,234,000
18,296,000
18,284,000
18,295,000
18,264,000
18,248,000
18,231,000
18,236,000
18,239,000
18,297,000
18,377,000
18,493,000
18,507,000
18,421,000
18,799,000
18,728,000
18,707,000
18,732,000
19,160,000
19,627,000
20,109,000
20,599,000
21,066,000
21,549,000
21,549,00021,066,00020,599,00020,109,00019,627,00019,160,00018,732,00018,707,00018,728,00018,799,00018,421,00018,507,00018,493,00018,377,00018,297,00018,239,00018,236,00018,231,00018,248,00018,264,00018,295,00018,284,00018,296,00018,234,00018,292,00015,711,00020,00015,677,00020,00015,644,00020,00015,584,00020,00015,614,00015,625,00015,513,00015,314,00015,194,00015,172,00015,141,00015,185,00015,186,00015,173,00015,231,00015,141,00014,999,00014,889,00014,516,00014,188,00013,904,00013,552,00013,139,00013,139,000008,432,0008,432,000005,775,0005,775,000004,946,0004,946,0000000000000000000000000000002,992,8742,990,4342,943,1332,920,1712,920,17100000000000000000000000
   Retained Earnings 
3,804,000
3,804,000
3,952,000
4,129,000
4,263,000
4,451,000
4,692,000
4,932,000
5,363,000
5,604,000
5,780,000
6,141,000
6,414,000
6,582,000
6,723,000
7,101,000
6,953,000
7,163,000
7,552,000
7,992,000
8,435,000
8,657,000
9,103,000
9,416,000
9,912,712
9,649,929
10,037,635
10,365,796
10,500,000
10,632,603
10,539,883
10,803,546
11,747,330
12,143,992
12,511,998
12,880,905
13,239,454
13,236,170
13,516,373
13,908,412
14,125,635
14,458,352
14,909,010
15,371,648
15,843,150
16,376,249
16,763,172
16,967,309
17,460,032
17,809,237
18,300,181
18,784,000
18,548,581
18,853,245
19,179,000
19,561,000
19,916,000
20,353,000
20,894,000
21,397,000
21,932,000
22,533,000
23,436,000
24,066,000
24,662,000
19,225,000
19,937,000
21,253,000
21,978,000
22,807,000
23,566,000
24,502,000
25,315,000
25,928,000
26,849,000
28,217,000
28,609,000
29,103,000
29,984,000
30,640,000
31,316,000
32,150,000
32,757,000
33,750,000
34,752,000
35,653,000
36,234,000
56,325,000
37,092,000
57,554,000
38,117,000
57,577,000
38,704,000
60,009,000
39,766,000
40,652,000
41,414,000
42,236,000
43,056,000
43,682,000
44,439,000
45,418,000
45,456,000
45,689,000
46,345,000
47,519,000
48,713,000
50,044,000
51,354,000
51,848,000
52,209,000
53,151,000
53,761,000
54,165,000
54,967,000
55,783,000
55,746,000
56,443,000
57,081,000
57,541,000
57,541,00057,081,00056,443,00055,746,00055,783,00054,967,00054,165,00053,761,00053,151,00052,209,00051,848,00051,354,00050,044,00048,713,00047,519,00046,345,00045,689,00045,456,00045,418,00044,439,00043,682,00043,056,00042,236,00041,414,00040,652,00039,766,00060,009,00038,704,00057,577,00038,117,00057,554,00037,092,00056,325,00036,234,00035,653,00034,752,00033,750,00032,757,00032,150,00031,316,00030,640,00029,984,00029,103,00028,609,00028,217,00026,849,00025,928,00025,315,00024,502,00023,566,00022,807,00021,978,00021,253,00019,937,00019,225,00024,662,00024,066,00023,436,00022,533,00021,932,00021,397,00020,894,00020,353,00019,916,00019,561,00019,179,00018,853,24518,548,58118,784,00018,300,18117,809,23717,460,03216,967,30916,763,17216,376,24915,843,15015,371,64814,909,01014,458,35214,125,63513,908,41213,516,37313,236,17013,239,45412,880,90512,511,99812,143,99211,747,33010,803,54610,539,88310,632,60310,500,00010,365,79610,037,6359,649,9299,912,7129,416,0009,103,0008,657,0008,435,0007,992,0007,552,0007,163,0006,953,0007,101,0006,723,0006,582,0006,414,0006,141,0005,780,0005,604,0005,363,0004,932,0004,692,0004,451,0004,263,0004,129,0003,952,0003,804,0003,804,000
   Capital Surplus 000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
3,608,000
2,033,000
2,073,000
2,117,000
2,161,000
2,176,000
2,193,000
2,216,000
2,567,000
2,580,000
2,597,000
2,616,000
2,625,000
2,639,000
2,653,000
2,665,000
2,678,000
2,749,000
2,703,000
2,727,000
2,765,000
2,803,000
2,829,000
2,878,000
1,085,542
1,100,903
1,864,513
1,887,569
3,001,558
3,023,114
3,063,153
3,129,750
3,139,918
3,114,082
3,186,617
3,204,258
3,228,481
3,233,689
3,243,073
3,314,559
3,317,983
3,338,644
3,363,850
3,392,918
3,425,334
3,520,282
3,539,656
3,520,392
3,566,361
3,613,454
3,642,757
3,728,000
3,828,764
4,496,067
4,629,000
4,768,000
5,113,000
5,113,000
5,358,000
5,544,000
5,976,000
5,976,000
8,029,000
8,231,000
9,174,000
9,174,000
10,964,000
11,302,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,728,000
-2,450,000
3,267,000
-2,488,000
689,000
-2,544,000
3,253,000
-3,060,000
700,000
-3,406,000
1,784,000
1,808,000
2,956,000
1,993,000
1,808,000
1,118,000
533,000
1,379,000
2,137,000
2,207,000
1,484,000
820,000
-1,141,000
682,000
141,000
1,155,000
-923,000
-84,000
457,000
-5,491,000
-3,958,000
347,000
0
0
0
0
0000347,000-3,958,000-5,491,000457,000-84,000-923,0001,155,000141,000682,000-1,141,000820,0001,484,0002,207,0002,137,0001,379,000533,0001,118,0001,808,0001,993,0002,956,0001,808,0001,784,000-3,406,000700,000-3,060,0003,253,000-2,544,000689,000-2,488,0003,267,000-2,450,0001,728,000000000000000000011,302,00010,964,0009,174,0009,174,0008,231,0008,029,0005,976,0005,976,0005,544,0005,358,0005,113,0005,113,0004,768,0004,629,0004,496,0673,828,7643,728,0003,642,7573,613,4543,566,3613,520,3923,539,6563,520,2823,425,3343,392,9183,363,8503,338,6443,317,9833,314,5593,243,0733,233,6893,228,4813,204,2583,186,6173,114,0823,139,9183,129,7503,063,1533,023,1143,001,5581,887,5691,864,5131,100,9031,085,5422,878,0002,829,0002,803,0002,765,0002,727,0002,703,0002,749,0002,678,0002,665,0002,653,0002,639,0002,625,0002,616,0002,597,0002,580,0002,567,0002,216,0002,193,0002,176,0002,161,0002,117,0002,073,0002,033,0003,608,000



6.3. Balance Sheets

Currency in CAD. All numbers in thousands.