Quarterly Survey of Financial Statements - Investment and Holding Management Companies (F2)

Reporting Entity - Question identifier:1.

This report covers (please mark only one)

The term "reporting entity" referred to on the front page of the questionnaire means the business entity covered by the quarterly financial statements. It is important for Statistics Canada to know precisely what operations are covered in the report to ensure total and unduplicated survey coverage of all business activity in Canada.

1. Corporate structure
In most cases reporting entities fall into one of the following three categories:

a) a single corporation
b) part of a corporation (e.g. branch, division, head office)
c) a consolidated family of corporations

- Where a corporation does not have any ownership and control relationships with other corporations, the reporting entity is the single corporation.
- Families of Canadian corporations under common ownership and control should report a consolidated financial statement in the quarterly survey questionnaire.
- For the purposes of this report, the following should not be consolidated:
- Foreign subsidiaries and foreign branches of Canadian corporations covering foreign operations
- Foreign parents of subsidiaries operating in Canada to the extent that they do not have any of their own operations in Canada
- Where the family of corporations covers diverse and independent industry activities which are unrelated and are organized as separate business segments for which separate financial statements are prepared, each business or business segment is to report separately (each business must be capable of reporting separate financial statements including a complete balance sheet and income statement)

A Corporate Structure may be enclosed with the questionnaire listing all of the corporations believed to be consolidated in the reporting entity's financial statements. This document should be reviewed carefully, corrected if necessary, and returned with the completed questionnaire to Statistics Canada.

Subsidiaries and affiliates that are accounted for in the financial statements as a one-line consolidation or net investment, using the equity method, should be excluded from the list of corporations on the reporting entity Corporate Structure. If a Corporate Structure was not received and this reporting entity is part of a Canadian consolidation, please check the appropriate box and complete the questionnaire. You will be contacted so our Business Register can be updated.

• 1: a single corporation
• 2: part of a corporation (e.g. branch, division, head office)
• 3: a consolidated family of corporations
• 4: other (specify)

If you have received a Corporate Structure, please review the list of entities and make any necessary corrections. The Corporate Structure lists the Canadian entities expected to be consolidated in this report.

If you have not received a Corporate Structure and this entity
is part of a Canadian consolidation, please check here

Reporting Entity - Question identifier:2.

Does this reporting entity have investments in partnerships or joint ventures?

Reporting Entity - Question identifier:3.

Please indicate which accounting standards were used by the reporting entity to complete this questionnaire:

Reporting instructions

Continued.

ii) Capital Expenditures
- Purchases of used building and structures and machinery and equipment are itemized separately from the purchase of new capital assets.
- Capital expenditures include additions to the construction-in-progress accounts, not transfers from construction-in-progress to fixed assets accounts.
- Capital expenditures should be reported at gross values before deducting credits such as government assistance, grants, donations, investment tax credits, and flow through share credits, but net of GST input tax credits claimed.

iii) Retained Earnings
Prior period adjustments are to be included in item 38700 (Other additions (deductions)).

iv) Income Statement
- Expenses related to the amortization of deferred debits and deferred charges should be included in cell 52350 (Amortization - intangible assets and deferred charges).
- All unrealized losses, write-downs, and write-offs of assets, including adjustments to net realizable values, should be included in item 56420 (Derivative gains (losses) - unrealized), 56100 (Foreign currency gains (losses)), 56200 (Revaluations, (write-downs) and (write-offs)) or item 56500 (other comprehensive income (unrealized gains and (losses)).
- All realized gains and losses related to the disposal of investments, loans, and capital assets (except extraordinary items) should be included in item 56410 (Derivative gains (losses) - realized), 56300 (Realized gains (losses) on the sale of assets), 56100 (Foreign Currency gains (losses)) or 56600 (Other comprehensive income realized (gains) and losses).
- Profits or losses accruing to minority shareholders of consolidated subsidiaries should include the minority shareholders' portion of extraordinary gains and losses of the subsidiary. This means that the entire extraordinary gain or loss attributable to the subsidiary must be included in the extraordinary gain or loss line item of the consolidated income statement.

v) Discontinued Operations
Gains or losses from discontinued businesses related to operations should be disclosed as normal operations showing detailed revenues and expenses separately in the prescribed accounts in the income statement. As well, the balance sheet items related to discontinued operations should be shown separately in their respective accounts. Estimated gains or losses forecasted from a future disposal of assets of a discontinued operation are classified as an unrealized gain or loss and as such should be shown in the revaluation account (item 56200) - noted above.

• (1): International Financial Reporting Standards (IFRS)
• (2): Accounting standards for Private enterprises
• (3): Other (specify)

Reporting Entity - Question identifier:4.

Please explain any significant events, changes in accounting or basis of reporting, that have impacted operations since the prior period.

Reporting Entity - Question identifier:5.

This report covers the period from: Day, month, year to Day, month, year

I certify that the information herein is complete and correct to the best of my knowledge.

• 1: Name of company official (please print)
• 2: Name and position of person to contact if different from above (please print)
• 3: Telephone number and Extension
• 4: Position of company official
• 5: E-mail address
• 6: Facsimile number

Balance sheet date: Day, month, year

SECTION A - ASSETS - Question identifier:1.

Cash and deposits

SECTION A - ASSETS - Question identifier:2.

Accounts receivable

SECTION A - ASSETS - Question identifier:3.

Allowance for doubtful accounts

SECTION A - ASSETS - Question identifier:4.

Investments in affiliates

• (a): shares and equity
• (1): in Canada
• (2): outside Canada
• (3): accumulated earnings

• (b): debt claims on affiliates
• (1): in Canada
• (2): outside Canada

SECTION A - ASSETS - Question identifier:5.

Canadian investments - non-affiliates

Reporting instructions

ITEM NO. 15130

GOVERNMENT OF CANADA DEBT

Definition

This item covers investments in debt securities, other than treasury bills, issued by the Government of Canada.

Valuation

These investments should be shown at amortized cost.

Inclusions

Government Business Enterprises' debt guaranteed by the Government of Canada
Exclusions

a) debt issued by government enterprises and not guaranteed by the Government of Canada - see item 15150 (Corporate Bonds and Debentures)
b) Government of Canada treasury bills and short-term notes - see item 15110 (Government of Canada Treasury Bills)
c) debt issued by private sector enterprises and guaranteed by the Government of Canada - see item 15150 (Corporate Bonds and Debentures)
d) debt issued by provincial and municipal governments and guaranteed by the Government of Canada - see item 15140 (Provincial and Municipal Government Debt)
e) accrued interest receivable - see item 12100 (Accounts Receivable and Accrued Revenue)

ITEM NO. 15140

PROVINCIAL AND MUNICIPAL GOVERNMENT DEBT

Definition

This item covers investments in debt securities, except treasury bills and notes with original terms to maturity of less than one year, issued by Canadian provincial and municipal governments. Also included are debt securities issued by provincial and municipal government business enterprises guaranteed by provincial or municipal governments.

Valuation

These investments should be shown at amortized cost.

Inclusions

a) provincial and municipal government business enterprise debt guaranteed by provincial and/or municipal governments
b) debt issued by school boards, commissions and districts
c) provincial and municipal debt securities guaranteed by the Government of Canada

Exclusions

a) debt issued by government enterprises and not guaranteed by a provincial or municipal government - see item 15150 (Corporate Bonds and Debentures)
b) treasury bills and short-term notes - see item 15120 (Bankers' Acceptances and Financial, Commercial and Other Short-Term Paper)
c) debt issued by private sector enterprises and guaranteed by provincial or municipal governments - see item 15150 (Corporate Bonds and Debentures)
d) accrued interest receivable - see item 12100 (Accounts Receivable and Accrued Revenue)

Reporting instructions

ITEM NO. 15180

OTHER CANADIAN INVESTMENTS

Definition

This item covers Canadian investments not elsewhere classified.

Valuation

These investments should be valued at acquisition or amortized cost.

Inclusions

a) precious metals
b) gold and silver certificates

Exclusions

a) cash surrender value of life insurance policies - see item 19880 (Other Assets)
b) goodwill, trademarks, patents, franchises, licenses, rights and like items - see item 19100 (Intangible Assets)
c) mortgage loans and non-mortgage loans - see items 16000 (Mortgage Loans to Non-Affiliates) and 17000 (Non- Mortgage Loans to Non-Affiliates)

ITEM NO. 15200

FOREIGN INVESTMENTS

Definition

This item covers investments in foreign securities other than securities issued by, and loans to, foreign affiliates.

Valuation

Marketable and equity securities should be valued at acquisition cost. Some investors, however, record marketable securities at amortized cost. This method is acceptable. Debt securities should be valued at amortized cost. In cases where the investment value is permanently impaired and a write-down is recorded, this write-down will be reflected in item 56200 (Write-Offs and Valuation Adjustments). Foreign investments should be expressed in Canadian dollars using the rate of exchange in effect on the balance sheet date.

Inclusions

a) foreign marketable securities
b) foreign debt securities
c) foreign equity securities

Exclusions

a) foreign mortgage loans - see item 16000 (Mortgage Loans to Non-Affiliates)
b) claims on and investments in foreign affiliates - see items 14120 (Cost of Shares - Foreign Corporations) and 14320 (Loans, Advances, Mortgages, Notes, Bonds and Other Claims - Foreign Corporations, Officers and Shareholders)
c) accrued interest and dividends receivable - see item 12100 (Accounts Receivable and Accrued Revenue)
d) term deposits, bearer deposit notes, deposit receipts and like instruments in foreign financial institutions - see items 11638 and 11680 (Term Deposits in Other Institutions)

• a: Government of Canada treasury bills
• b: bankers' acceptances, commercial and other short-term paper
• c: Government of Canada debt
• d: provincial and municipal government debt
• e: corporate bonds and debentures
• f: corporate shares, fund or trust units and other equity
• g: other Canadian investments

SECTION A - ASSETS - Question identifier:6.

Foreign investments - non-affiliates

Report cash and deposits at line 1, derivatives at line 7, mortgage
loans at line 9, non-mortgage loans at line 10 and provisions for
losses at line 14.

SECTION A - ASSETS - Question identifier:7.

Derivatives

Report gross asset positions. Include derivative contracts, warrants and options. Report liability positions at line 20

SECTION A - ASSETS - Question identifier:8.

Reverse repurchase agreements

Report liabilities related to repurchase agreements at line 21

SECTION A - ASSETS - Question identifier:9.

Mortgage loans to non-affiliates

Report provisions for losses at line 14.

SECTION A - ASSETS - Question identifier:10.

Non-mortgage loans to non-affiliates

Report provisions for losses at line 14.

SECTION A - ASSETS - Question identifier:11.

Fixed Assets

• (a): depreciable assets and land for own use

• (b): income properties

• (c): accumulated depreciation

SECTION A - ASSETS - Question identifier:12.

Intangible assets

Include goodwill, patents, licenses, rights and other intangibles. Report value net of accumulated amortization. Report deferred charges at line 13.

SECTION A - ASSETS - Question identifier:13.

Other assets

Report assets not elsewhere specified.

SECTION A - ASSETS - Question identifier:14.

Accumulated provisions and allowances for losses

Report for losses on investments, loans and other assets charged to
expenses not reported elsewhere on the balance sheet.

SECTION A - ASSETS - Question identifier:15.

TOTAL ASSETS

Balance sheet date: Day, month, year

LIABILITIES - Question identifier:16.

Accounts payable

Include accrued payables. Report non-trade related amounts due to affiliates at line 18.

LIABILITIES - Question identifier:17.

Income taxes payable

Report income taxes recoverable at line 2.

LIABILITIES - Question identifier:18.

Amounts owing to affiliates

• (a): in Canada

• (b): outside Canada

LIABILITIES - Question identifier:19.

Borrowing from non-affiliates

• (a): loans and overdrafts
• (1): from lenders in Canada
• (2): from lenders outside Canada

• (b): commercial paper

• (c): bonds and debentures

• (d): mortgage loans

LIABILITIES - Question identifier:20.

Derivatives

Report gross liability positions. Report asset positions at line 7

LIABILITIES - Question identifier:21.

Obligations related to repurchase agreements

Report reverse repurchase agreements at line 8.

LIABILITIES - Question identifier:22.

Equity securities classified as liabilities

Report equities classified as liabilities as required by CICA section 3861.

LIABILITIES - Question identifier:23.

Future income taxes

Report both (debit) and credit balances.

LIABILITIES - Question identifier:24.

Minority interest

Report the minority interest related to consolidated subsidiaries.

LIABILITIES - Question identifier:25.

Other liabilities

Report liabilities not elsewhere specified.

LIABILITIES - Question identifier:26.

TOTAL LIABILITIES

EQUITY - Question identifier:27.

Share capital

• (a): preferred

• (b): common

EQUITY - Question identifier:28.

Unitholders' capital

Include owners' investments in trusts, funds or partnerships.

EQUITY - Question identifier:29.

Contributed surplus

EQUITY - Question identifier:30.

Accumulated other comprehensive income

Report the accumulated balance of gains (losses) for items at line 63

EQUITY - Question identifier:31.

Retained earnings

• (a): opening balance

• (b): net income (loss) for the current period

• (c): transfers from (to) share capital

• (d): other additions (deductions)

• (e): dividends declared
• (1): prefered shares
• (2): common shares

• (f): income trust distributions

• (g): closing balance

EQUITY - Question identifier:32.

TOTAL EQUITY

EQUITY - Question identifier:33.

TOTAL LIABILITIES AND EQUITY

From: Day, month, year To: Day, month, year

REVENUE (net of sales taxes) - Question identifier:34.

Sales of services

Include commissions, management and service fees

REVENUE (net of sales taxes) - Question identifier:35.

Interest revenue from Canadian sources

Include amortization of discounts and (premiums) on Canadian investments

REVENUE (net of sales taxes) - Question identifier:36.

Interest revenue from foreign sources

Include amortization of discounts and (premiums) on foreign
36

REVENUE (net of sales taxes) - Question identifier:37.

Dividends

Exclude dividends from corporations accounted for on the equity
basis

• (a): from Canadian corporations

• (b): from foreign corporations

REVENUE (net of sales taxes) - Question identifier:38.

Derivatives gains (losses)

Report values before income taxes. Report all values related to
derivatives whether realized or unrealized except for values reported at line 63. Also complete Section D (lines 68 to 75).

• (a): realized

• (b): unrealized

REVENUE (net of sales taxes) - Question identifier:39.

Gains (losses) on the sale of assets

Report values before income taxes. Report realized gains (losses) not
reported at items 38 (a), 54 (a), 61 and 63 (b). Also complete Section
D (lines 68 to 75)

REVENUE (net of sales taxes) - Question identifier:40.

Other revenue

Report revenue from all other sources not disclosed above. Exclude other gains (losses) and report them at lines 54, 61 or 63.

REVENUE (net of sales taxes) - Question identifier:41.

TOTAL REVENUE

EXPENSES - Question identifier:42.

Wages and salaries

Include commissions paid to employees.

EXPENSES - Question identifier:43.

Employer portion of employee benefits

Include EI, CPP/QPP and fringe benefits. Report pension expense at line 44

EXPENSES - Question identifier:44.

Pension expense

Report "other benefits expense" at line 43

EXPENSES - Question identifier:45.

Stock options expense

Report per CICA section 3870

EXPENSES - Question identifier:46.

Purchased goods and services

Include purchased materials, services (e.g., legal, insurance, etc.)
and subcontracting costs paid to businesses or individuals who are not employees

EXPENSES - Question identifier:47.

Indirect taxes

Include property, business and provincial health and capital taxes.

EXPENSES - Question identifier:48.

Depreciation

EXPENSES - Question identifier:49.

Amortization

• (a): intangible assets

• (b): deferred charges

EXPENSES - Question identifier:50.

Interest expense

Report interest amounts paid to affiliates at item 50 (c).

• (a): bonds and debentures

• (b): mortgages

• (c): other interest expenses

EXPENSES - Question identifier:51.

Dividends paid on equity securities classified as liabilities

Include only dividends paid on securities reported as liabilities at
line 22, per CICA section 3861.

EXPENSES - Question identifier:52.

Bad debts expense and charitable donations

Include bad debts expense related to accounts receivable.

EXPENSES - Question identifier:53.

TOTAL EXPENSES

EXPENSES - Question identifier:54.

Other gains (losses) and revaluations

Report values before income taxes. Also complete Section D
(lines 68 to 75).

• (a): Foreign currency gains (losses)

• (b): Revaluations, (write-downs) and (write-offs)

EXPENSES - Question identifier:55.

INCOME (LOSS) BEFORE INCOME TAX

EXPENSES - Question identifier:56.

Current income tax expense

Report Canadian income tax debits and (credits).

EXPENSES - Question identifier:57.

Future income tax expense

Report Canadian income tax debits and (credits).

EXPENSES - Question identifier:58.

INCOME (LOSS) AFTER INCOME TAXES

EXPENSES - Question identifier:59.

Equity in unconsolidated affiliates

Report the equity share of affiliates' net income or (loss). Use only if the investments are carried by the equity method.

EXPENSES - Question identifier:60.

Minority shareholders' portion of net income of consolidated affiliates

Report debits and (credits).

EXPENSES - Question identifier:61.

Extraordinary gains (losses)

Report net of income taxes. Also complete Section D (lines 68 to 75).

EXPENSES - Question identifier:62.

NET INCOME (LOSS)

Sum of lines 58, 59 and 61, less line 60. Transfer value to item 31 (b).

EXPENSES - Question identifier:63.

Other comprehensive income

Report as per CICA section 1530 Comprehensive Income.

• (a): unrealized gains (losses)

• (b): realized (gains) losses

• (c): income taxes

EXPENSES - Question identifier:64.

COMPREHENSIVE INCOME

Sum of line 62 and items 63 (a) and 63 (b), less item 63 (c).

PENSION PLAN FUNDING - Question identifier:65.

Funded status

• (a): plan assets

• (b): benefit obligation

• (c): funded status

• (d): accrued benefits (liability) or asset

INCOME STATEMENT DISCLOSURE - Question identifier:66.

Software costs expensed

Report only the cost of own-use software whether
purchased or licensed. Exclude any amount deferred and
amortized.

INCOME STATEMENT DISCLOSURE - Question identifier:67.

Equity method dividends

Report value of dividends received and excluded from
income following the equity method of accounting and
credited to item 4 (a) (3).

• (a): Canadian dividends

• (b): foreign dividends

MATCHING OF INCOME STATEMENT GAINS AND (LOSSES) WITH RELATED ASSETS AND LIABILITIES - Question identifier:68.

4. Investments in affiliates

• (a): shares and equity
• (1): in Canada
• (2): outside Canada

• (b): debt claims on affiliates
• (1): in Canada
• (2): outside Canada

MATCHING OF INCOME STATEMENT GAINS AND (LOSSES) WITH RELATED ASSETS AND LIABILITIES - Question identifier:69.

5. Canadian investments - non-affiliates

• (c): Government of Canada debt

• (d): provincial and municipal government debt

• (e): corporate bonds and debentures

• (f): corporate shares, funds or trust units and other equity

• (g): other Canadian investments

MATCHING OF INCOME STATEMENT GAINS AND (LOSSES) WITH RELATED ASSETS AND LIABILITIES - Question identifier:70.

6. Foreign investments - non-affiliates

MATCHING OF INCOME STATEMENT GAINS AND (LOSSES) WITH RELATED ASSETS AND LIABILITIES - Question identifier:71.

9. Mortgage loans to non-affiliates

MATCHING OF INCOME STATEMENT GAINS AND (LOSSES) WITH RELATED ASSETS AND LIABILITIES - Question identifier:72.

10. Non-mortgage loans to non-affiliates

MATCHING OF INCOME STATEMENT GAINS AND (LOSSES) WITH RELATED ASSETS AND LIABILITIES - Question identifier:73.

Fixed assets

• (a): depreciable assets and land for own use

• (b): income properties

MATCHING OF INCOME STATEMENT GAINS AND (LOSSES) WITH RELATED ASSETS AND LIABILITIES - Question identifier:74.

Other assets and liabilities

Please specify major items and their values:

MATCHING OF INCOME STATEMENT GAINS AND (LOSSES) WITH RELATED ASSETS AND LIABILITIES - Question identifier:75.

TOTAL

Sum of lines 68 to 74. This should equal the sum of lines
38, 39, 54, 61 and items 63 (a) and 63 (b).

OTHER DISCLOSURE - Question identifier:76.

Hours spent completing questionnaire

Report the approximate number of hours required to collect
data and complete the questionnaire this quarter

Is this your first quarterly report completed for the Quarterly Survey of Financial Statements after adopting a new set of acounting standards?

• (1): YES If yes, please complete sections below.
• (2): NO

Total assets - Canadian GAAP

Total assets - New accounting standards

Total liabilities - Canadian GAAP

Total liabilities - New accounting standards

Total equity - Canadian GAAP

Total equity - New accounting standards

Explanation of differences between figures under prior Canadian GAAP and under the new accounting standards.

Total revenue - Canadian GAAP

Total revenue - New accounting standards

Total expenses - Canadian GAAP

Total expenses - New accounting standards

Net income (loss) - Canadian GAAP

Net income (loss) - New accounting standards

Comprehensive income (loss) - Canadian GAAP

Comprehensive income (loss) - New accounting standards

Explanation of differences between figures under prior Canadian GAAP and under the new accounting standards.

Please use this section to report any comments you may have.

Report only Canadian operations - please exclude foreign affiliates.

Report all amounts in thousands of Canadian dollars - "$ 000s"

Use parentheses to report negative values.

If actual data are not available, estimates may be used.

The term "affiliate" used in this questionnaire covers unconsolidated:

- parent, subsidiary and related corporations

- related joint ventures and partnerships

- head offices, branches and divisions

- directors, officers and individual shareholders

Affiliates are entities within a common family of corporations controlled or significantly influenced by the reporting company or another company within the corporate family.

Returning your questionnaire and Corporate Structure:

Return the completed questionnaire and Corporate Structure in the enclosed envelope or fax it to Statistics Canada at (800) 552-4428 within 30 days of quarter end.

Fax or other electronic transmission disclosure:

Statistics Canada advises you there could be risk of disclosure during facsimile or other electronic transmission. However, upon receipt of your information, Statistics Canada will provide the guaranteed level of protection afforded all information collected under the authority of the Statistics Act.

For further information, definitions of terms used, or questions concerning this survey, please consult the "Quarterly Survey of Financial Statements Reporting Guide" (available at www.statcan.gc.ca/imdb-bmdi/2501-eng.htm), and/or contact Statistics Canada at:

Telephone: (877) 898-6686 Fax: (800) 552-4428 E-mail: QSFS-RTEF@statcan.gc.ca Statistics Canada Business Survey Section/Central Region 2nd Floor, Jean Talon Building 150 Tunney's Pasture Driveway Ottawa, Canada, K1A 0T6

THANK YOU FOR YOUR CO-OPERATION