Bank of Montreal 2008 Annual Report Download - page 95

Supplemental Information
BMO Financial Group 191st Annual Report 2008 | 91
Table 3: Returns on Equity and Assets ($ millions, except as noted)
For the year ended October 31 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Net income 1,978 2,131 2,663 2,396 2,295 1,781 1,373 1,402 1,766 1,290
Preferred dividends 73 43 30 30 31 38 35 11 10 25
Net income available to common shareholders 1,905 2,088 2,633 2,366 2,264 1,743 1,338 1,391 1,756 1,265
Average common shareholders’ equity 14,612 14,506 13,703 12,577 11,696 10,646 9,973 10,100 9,745 8,976
Return on equity (%) 13.0 14.4 19.2 18.8 19.4 16.4 13.4 13.8 18.0 14.1
Cash return on equity (%) 13.3 14.7 19.5 19.4 20.0 17.1 14.2 14.8 18.8 14.8
Return on average assets (%) 0.50 0.59 0.86 0.81 0.87 0.67 0.55 0.58 0.75 0.57
Return on average assets available
to common shareholders (%) 0.48 0.58 0.85 0.80 0.86 0.66 0.54 0.57 0.75 0.56
Table 4: Summary Balance Sheet ($ millions)
As at October 31 2008 2007 2006 2005 2004
Assets
Cash resources 21,105 22,890 19,608 20,721 18,045
Securities 100,138 98,277 67,411 57,034 49,849
Net loans and acceptances 214,995 201,188 190,994 174,337 156,248
Other assets 79,812 44,169 41,965 41,770 36,764
Total assets 416,050 366,524 319,978 293,862 260,906
Liabilities and Shareholders’ Equity
Deposits 257,670 232,050 203,848 193,793 175,190
Other liabilities 134,761 114,330 96,743 82,158 69,005
Subordinated debt 4,315 3,446 2,726 2,469 2,395
Preferred share liability 250 250 450 450 450
Capital trust securities 1,150 1,150 1,150 1,150 1,150
Share capital
Preferred 1,746 1,196 596 596 596
Common 4,708 4,411 4,231 4,022 3,857
Contributed surplus 69 58 49 35 22
Retained earnings 11,632 11,166 10,974 9,801 8,738
Accumulated other comprehensive loss (251) (1,533) (789) (612) (497)
Total liabilities and shareholders’ equity 416,050 366,524 319,978 293,862 260,906
Average Daily Balances
Net loans and acceptances 220,646 204,153 185,801 169,523 154,863
Assets 397,609 360,575 309,131 296,502 262,898
Table 5: Liquid Assets ($ millions, except as noted)
As at October 31 2008 2007 2006 2005 2004
Canadian Dollar Liquid Assets
Deposits with other banks 1,842 1,531 3,346 1,855 2,270
Other cash resources 89 1,981 551 586 (5)
Securities 58,639 57,206 30,647 28,723 25,383
Total Canadian dollar liquid assets 60,570 60,718 34,544 31,164 27,648
U.S. Dollar and Other Currencies Liquid Assets
Deposits with other banks 16,477 19,209 14,465 17,232 14,256
Other cash resources 2,697 169 1,246 1,048 1,524
Securities 41,499 41,071 36,764 28,311 24,466
Total U.S. dollar and other currencies liquid assets 60,673 60,449 52,475 46,591 40,246
Total Liquid Assets (1) 121,243 121,167 87,019 77,755 67,894
Cash and securities-to-total assets (%) 29.1 33.1 27.2 26.5 26.0
Pledged assets included in total liquid assets (2) 38,142 30,369 26,299 27,760 18,812
(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.