Bank of Montreal 2004 Annual Report Download - page 87

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BMO Financial Group Annual Report 2004 8383
Consolidated Balance Sheet
As at October 31 (Canadian $ in millions) 2004 2003
Assets
Cash Resources (Notes 2 and 25) $ 18,045 $ 19,860
Securities (Notes 3 and 25)
Investment (fair value $15,103 in 2004 and $19,972 in 2003) 15,017 19,660
Trading 35,444 35,119
Loan substitutes 11 11
50,472 54,790
Loans (Notes 4 and 7)
Residential mortgages 56,444 52,095
Consumer instalment and other personal 24,887 22,103
Credit cards 3,702 2,967
Businesses and governments 50,020 51,889
Securities purchased under resale agreements 17,148 13,276
152,201 142,330
Customers’ liability under acceptances 5,355 5,611
Allowance for credit losses (Note 4) (1,308) (1,785)
156,248 146,156
Other Assets
Derivative financial instruments (Note 9) 25,448 21,216
Premises and equipment (Note 10) 2,020 2,045
Goodwill (Note 12) 1,507 1,334
Intangible assets (Note 12) 480 589
Other (Note 13) 10,974 10,504
40,429 35,688
Total Assets $ 265,194 $ 256,494
Liabilities and Shareholders’ Equity
Deposits (Note 14)
Banks $ 20,654 $ 24,755
Businesses and governments 79,614 72,405
Individuals 74,922 74,391
175,190 171,551
Other Liabilities
Derivative financial instruments (Note 9) 23,973 20,715
Acceptances (Note 15) 5,355 5,611
Securities sold but not yet purchased (Note 15) 10,441 8,255
Securities sold under repurchase agreements (Note 15) 20,865 23,765
Other (Note 15) 13,786 11,259
74,420 69,605
Subordinated Debt (Note 16) 2,395 2,856
Shareholders’ Equity
Share capital (Note 18) 4,903 5,108
Contributed surplus (Note 19) 10 3
Net unrealized foreign exchange loss (497) (195)
Retained earnings 8,773 7,566
13,189 12,482
Total Liabilities and Shareholders’ Equity $ 265,194 $ 256,494
The accompanying notes to consolidated financial statements are an integral part of these statements.
Certain comparative figures have been reclassified to conform with the current year’s presentation.
F. Anthony Comper Jeremy H. Reitman
President and Chief Executive Officer Chairman, Audit Committee
Consolidated Financial Statements