Bank of Montreal 2003 Annual Report Download - page 59

BMO Financial Group 186th Annual Report 2003 55
Table 3 Returns on Equity and Assets ($ millions, except as noted)
For the year ended October 31 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994
Net income 1,825 1,417 1,471 1,857 1,382 1,350 1,305 1,168 986 825
Preferred dividends 82 79 80 101 117 112 83 69 69 69
Net income available to common shareholders 1,743 1,338 1,391 1,756 1,265 1,238 1,222 1,099 917 756
Average common shareholders’ equity 10,646 9,973 10,100 9,745 8,976 8,128 7,165 6,457 5,937 5,088
Return on equity (%) 16.4 13.4 13.8 18.0 14.1 15.2 17.1 17.0 15.4 14.9
Cash return on equity (%) 17.1 14.2 14.8 18.8 14.8 16.1 18.0 17.9 16.4 15.5
Return on average assets (%) 0.69 0.57 0.60 0.79 0.61 0.59 0.66 0.74 0.68 0.68
Return on average assets available
to common shareholders (%) 0.66 0.54 0.57 0.75 0.56 0.54 0.62 0.69 0.64 0.62
Table 4 Summary Balance Sheet ($ millions)
As at October 31 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994
Assets
Cash resources 19,860 19,305 17,656 18,508 24,036 19,730 32,245 24,187 20,317 14,659
Securities 54,790 43,715 37,676 46,463 43,273 43,465 41,789 36,609 33,019 26,535
Loans and acceptances (net) 146,156 149,596 144,765 142,447 144,754 136,635 120,512 102,810 92,911 92,064
Other assets 35,688 40,248 39,312 25,978 18,552 22,760 13,292 6,226 5,587 4,917
Total assets 256,494 252,864 239,409 233,396 230,615 222,590 207,838 169,832 151,834 138,175
Liabilities and Shareholders’ Equity
Deposits 171,551 161,838 154,290 156,697 156,874 143,983 144,212 119,262 109,605 98,241
Other liabilities 69,605 75,338 69,763 59,847 58,048 63,208 50,892 39,670 32,602 31,178
Subordinated debt 2,856 3,794 4,674 4,911 4,712 4,791 3,831 3,314 2,595 2,218
Share capital
Preferred 1,446 1,517 1,050 1,681 1,668 1,958 1,274 857 858 860
Common 3,662 3,459 3,375 3,173 3,190 3,095 3,019 2,989 3,002 3,002
Contributed surplus 3 –––––––––
Retained earnings 7,371 6,918 6,257 7,087 6,123 5,555 4,610 3,740 3,172 2,676
Total liabilities and shareholders’ equity 256,494 252,864 239,409 233,396 230,615 222,590 207,838 169,832 151,834 138,175
Average Daily Balances
Loans and acceptances (net) 150,784 147,443 147,370 143,428 142,440 136,450 117,761 98,919 90,927 80,681
Assets 263,966 247,990 243,248 234,944 226,714 227,450 196,721 158,316 144,115 122,234
Table 5 Liquid Assets ($ millions, except as noted)
As at October 31 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994
Canadian Dollar Liquid Assets
Deposits with other banks 1,330 1,892 1,535 1,814 843 1,080 3,110 2,839 3,002 2,790
Other cash resources 1,313 2,178 1,296 782 817 745 702 631 17 651
Securities 28,790 23,471 16,398 20,846 15,942 17,216 22,442 22,651 21,245 16,915
Total Canadian dollar liquid assets 31,433 27,541 19,229 23,442 17,602 19,041 26,254 26,121 24,264 20,356
U.S. Dollar and Other Currencies Liquid Assets
Deposits with other banks 16,774 14,445 13,431 15,125 21,279 16,334 26,946 18,606 16,418 11,029
Other cash resources 443 790 1,394 787 1,097 1,571 1,487 2,111 880 189
Securities 26,000 20,244 21,278 25,617 27,331 26,249 19,347 13,958 11,774 9,620
Total U.S. dollar and other currencies liquid assets 43,217 35,479 36,103 41,529 49,707 44,154 47,780 34,675 29,072 20,838
Total Liquid Assets (a) 74,650 63,020 55,332 64,971 67,309 63,195 74,034 60,796 53,336 41,194
Cash and securities-to-total assets (%) 29.1 24.9 23.1 27.8 29.2 28.4 35.6 35.8 35.1 29.8
Pledged assets included in total liquid assets (b) 18,698 18,859 16,106 17,553 15,518 NA NA NA NA NA
(a) Includes liquid assets pledged as security for securities sold but not yet purchased, securities
sold under repurchase agreements and other secured liabilities.
(b) Includes reserves or minimum balances which some of our subsidiaries are required to maintain
with central banks in their respective countries of operation.
NA
– not available