Bank of Montreal 2010 Annual Report Download - page 99

Supplemental Information
BMO Financial Group 193rd Annual Report 2010 97
Table 3: Returns on Equity and Assets ($ millions, except as noted)
For the year ended October 31 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Net income 2,810 1,787 1,978 2,131 2,663 2,396 2,295 1,781 1,373 1,402
Preferred dividends 136 120 73 43 30 30 31 38 35 11
Net income available to common shareholders 2,674 1,667 1,905 2,088 2,633 2,366 2,264 1,743 1,338 1,391
Average common shareholders’ equity 17,980 16,865 14,612 14,506 13,703 12,577 11,696 10,646 9,973 10,100
Return on equity (%) 14.9 9.9 13.0 14.4 19.2 18.8 19.4 16.4 13.4 13.8
Cash return on equity (%) 15.0 10.1 13.3 14.7 19.5 19.4 20.0 17.1 14.2 14.8
Return on average assets (%) 0.71 0.41 0.50 0.59 0.86 0.81 0.87 0.67 0.55 0.58
Return on average assets available
to common shareholders (%) 0.67 0.38 0.48 0.58 0.85 0.80 0.86 0.66 0.54 0.57
Table 4: Summary Balance Sheet ($ millions)
As at October 31 2010 2009 2008 2007 2006
Assets
Cash and cash equivalents 17,368 9,955 9,134 3,650 2,458
Interest bearing deposits with banks 3,186 3,340 11,971 19,240 17,150
Securities 123,399 110,813 100,138 98,277 67,411
Securities borrowed or purchased under resale agreements 28,102 36,006 28,033 37,093 31,429
Net loans and acceptances 176,643 167,829 186,962 164,095 159,565
Other assets 62,942 60,515 79,812 44,169 41,965
Total assets 411,640 388,458 416,050 366,524 319,978
Liabilities and Shareholders’ Equity
Deposits
249,251 236,156 257,670 232,050 203,848
Other liabilities 135,933 126,719 134,761 114,330 96,743
Subordinated debt 3,776 4,236 4,315 3,446 2,726
Capital trust securities 800 1,150 1,150 1,150 1,150
Preferred share liability – – 250 250 450
Share capital
Preferred
2,571 2,571 1,746 1,196 596
Common 6,927 6,198 4,708 4,411 4,231
Contributed surplus 92 79 69 58 49
Retained earnings 12,848 11,748 11,632 11,166 10,974
Accumulated other comprehensive loss (558) (399) (251) (1,533) (789)
Total liabilities and shareholders’ equity 411,640 388,458 416,050 366,524 319,978
Average Daily Balances
Net loans and acceptances
171,554 182,097 175,079 165,783 153,282
Assets 398,474 438,548 397,609 360,575 309,131
Table 5: Liquid Assets ($ millions, except as noted)
As at October 31 2010 2009 2008 2007 2006
Canadian Dollar Liquid Assets
Deposits with other banks
672 787 1,842 1,531 3,346
Other cash resources 1,595 2,411 89 1,981 551
Securities 75,533 74,249 58,639 57,206 30,647
Total Canadian dollar liquid assets 77,800 77,447 60,570 60,718 34,544
U.S. Dollar and Other Currencies Liquid Assets
Deposits with other banks
18,661 9,305 16,477 19,209 14,465
Other cash resources (374) 792 2,697 169 1,246
Securities 47,866 36,564 41,499 41,071 36,764
Total U.S. dollar and other currencies liquid assets 66,153 46,661 60,673 60,449 52,475
Total Liquid Assets (1) 143,953 124,108 121,243 121,167 87,019
Cash and securities-to-total assets (%) 35.0 31.9 29.1 33.1 27.2
Pledged assets included in total liquid assets (2) 50,374 39,638 38,142 30,369 26,299
(1) Includes liquid assets pledged as security for securities sold but not yet purchased, securities lent or sold under repurchase agreements and other secured liabilities.
(2) Includes reserves or minimum balances which some of our subsidiaries are required to maintain with central banks in their respective countries of operation.