Quarterly Survey of Financial Statements (IC3)

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?

The survey covers the activities of joint ventures and partnerships. These may form part of your return or be surveyed separately. Please identify any non corporate entities included in this report on the comments page of the questionnaire. However, it is recognized in some cases that separate financial statements for the joint venture are not produced quarterly or annually and it is the practice of the venturers to account for their investment by consolidating their portion of the joint venture in their financial statements. In such cases the joint venture is not reported as a separate entity, but it is covered in the reports of the venturers.

i) Foreign Operations of Canadian Enterprises

Foreign operations of Canadian enterprises include all business conducted by establishments that are situated outside Canada, including foreign branches, foreign divisions and foreign offices.Report income from foreign operations as a net amount in item 58100 (Equity in unconsolidated affiliates). The assets of the foreign operations should not be reported on a line-by-line basis, but rather as a net amount in item 14120 (Investments in affiliates outside Canada) and any accumulated earnings at item 14200.

ii) Foreign Subsidiaries of Canadian Enterprises

Foreign subsidiaries should always be excluded from line-by-line consolidation and reported in either item 14120 (Investments in affiliates outside Canada) where control or significant influence exists, or in item 15200 (Foreign investments - non-affiliates) for portfolio investments. Income from foreign investments, i.e., portfolio investments, should be reported at item 78700 (Foreign interest and dividend revenue). Investments reported on the equity basis should include the investor's share of earnings in item 58100 (Equity in unconsolidated affiliates) with the corresponding adjustment to the investment account in item 14200 (Accumulated earnings).Dividends received from foreign investments reported on the equity basis are excluded from the income statement and are reported in Section D, "Disclosure of Selected Accounts," item 75200 (Equity method dividends - foreign dividends).

iii) Classification of Capital and Head Office Accounts of Unincorporated Reporting Entities

Unincorporated entities such as partnerships, joint ventures, and Canadian branch operations of foreign corporations. Temporary loans and advances intended to be repaid are classified as a liability in series 24000 (Amounts owing to affiliates). Investments of capital of a permanent nature should be classified as owner's capital in item 32300 (Unitholders' capital). Undistributed profits of the entity are reported separately in item 38000 (Retained earnings - closing balance).

• 1: Yes
• 2: No

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

Details
a) 11300 Canadian currency
b) 11400 foreign currency

Definition
Cash and deposits consist of coins; bank notes; money orders; postal notes; cheques; accepted sight drafts; demand, notice and term deposit balances with banks and other financial institutions. Cheques issued against the reporting entity's accounts but not yet cleared by the financial institution should be shown in item 22180 (Accounts payable - other). If the reporting entity has more than one deposit account, debit balances should not be netted against credit balances.

Credit balances should be classified as overdrafts in items 25700 or 25800 (Loans and overdrafts from lenders in Canada and outside Canada).

Valuation
Cash items and deposit balances should be valued at their face value at the balance sheet date. Foreign currency should be expressed in terms of Canadian dollars using the exchange rate at the balance sheet date.

Inclusions
- Demand, notice, savings and term deposits
- Restricted demand deposits
- Guaranteed investment certificates
- Guaranteed savings certificates
- Deposit receipts
- Bearer deposit notes

Exclusions
- Bank overdrafts - see items 25700 and 25800 (Loans and overdrafts from lenders in Canada and outside Canada).
- Overdrafts in deposit accounts with other financial institutions - see items 25700 and 25800 (Loans and overdrafts from lenders in Canada and outside Canada).
- Gold bullion held for sale - see item 13000 (Inventory)

• (a): Canadian currency

• (b): foreign currency

SECTION A - ASSETS - Question identifier:2.

Accounts receivable

Report amounts before deducting allowances for doubtful accounts.

Details
a) 12110 trade
b) 17112 consumer credit (see separate definition)
c) 12180 other
d) 12800 allowance for doubtful accounts (see separate definition)

Definition
All claims against debtors arising from the sale of goods and services. Also included are accrued revenue receivable and accrued government grants receivable. Trade receivables are claims against customers for goods and services sold in the ordinary course of business.

Valuation
All accounts receivable should be shown gross before deducting allowance for doubtful accounts (item 12800).

Inclusions
a) Trade
- From affiliates arising from the sale of goods and services
- Holdbacks receivable (construction activity)
- Promissory notes and instalments receivable arising from sales of goods and services

b) 17112 consumer credit

Definition
Credit card and other receivables due directly from non-commercial clients (i.e. households or individuals).

c) Other
- Interest, dividend and other investment income receivable
- Grants, subsidies, and royalties receivable
- Receivables in connection with the sale of investments and fixed assets
- Income taxes recoverable
- Insurance claims
- Patronage dividends receivable
- Balance recoverable represented by the excess of GST input tax credits claimed over GST collections.

Exclusions
- Other accounts receivables from affiliates - see items 14310 and 14320 (Debt Claims on Affiliates in Canada or outside Canada)
- Loans receivable - see items 16000 (Mortgage loans to non-affiliates) or 17000 (Non-mortgage loans to non-affiliates)
- Balance owing represented by the excess of GST collections over GST input tax credits claimed - see item 22100 (Accounts payable)

d) 12800 allowance for doubtful accounts

Definition
The allowance for doubtful accounts is a deduction from the book value of accounts receivable to reduce them to the estimated realiable value.

• (a): Trade

• (b): consumer credit

• (c): other

• (d): allowance for doubtful accounts

SECTION A - ASSETS - Question identifier:3.

Lease Contracts

Details
a) 12210 financial leases
b) 12220 residual value

Definition
Lease contracts receivable represent the total dollar value of lease payments receivable from lessees over the life of the financing lease written by the reporting unit.

Residual value refers to the salvage value of property leased by the reporting unit to others under financing lease contracts.

Valuation
Report net of unearned finance income.

Include direct financing and sales type leases. Report allowance for
doubtful accounts at line 13. Report operating lease receivables at item 2 (a).

• (a): financial leases

• (b): residual value

SECTION A - ASSETS - Question identifier:4.

Inventory

Report provisions for losses at line 13. Report inventory of assets leased to others at item 11 (a).

Definition

Tangible property held for sale in the ordinary course of business, in the process of production for such sale, or to be consumed in the production of goods and services for sale.

Valuation

Inventory should be valued at the lower of cost or net realizable value. Cost may be determined by any of the generally accepted methods of costing inventories. Provisions or reserves for future decline in inventory values should not be deducted - see item 19800 (Other assets). For construction companies, work-in-progress should not include the profit element. It should be valued at cost.

Inclusions

- Stocks of finished goods, raw materials, and work-in-progress
- Repair and service parts
- Supplies
- Fuel
- Containers
- Repossessed assets held for sale
- Ore and gold bullion on hand (for companies whose primary activity is mining)
- Real estate held or being developed for sale (for companies whose primary activities are real estate and construction)
- Costs of work-in-progress (for construction companies)

Exclusions

- Inventories of leased assets - see item 18316 (capitalized leases of lessee)
- Progress billings on construction activities - see item 29000 (Other liabilities)
- Goods shipped outside Canada on consignment, considered sold

SECTION A - ASSETS - Question identifier:5.

Investments in affiliates

SECTION A - ASSETS - Question identifier:6.

Canadian investments - non affiliates

Reporting instructions

Continued

b) 15195 bonds and debentures

Definition

All debt securities issued by Canadian corporations, government business enterprises or Canadian government. Include investments in Canadian issued debt securities, except treasury bills and notes with original terms to maturity of less than one year. Included are debt securities issued by provincial and municipal government business enterprises guaranteed by provincial or municipal governments.

Inclusions

- Income debentures, mortgage bonds, small business development bonds and small business bonds
- Notes with an original term to maturity of one year or over, except promissory notes arising from the sale of goods and services
- Own debt securities held but not retired
- Debt securities issued by separately constituted government enterprises and not guaranteed by a Canadian government
- Government guaranteed debt securities of private sector enterprises
- Government business enterprise debt guaranteed by a Canadian government

Exclusions

- Short-term paper - see item 15190 (Short-term paper)
- Debt securities of foreign governments and corporations - see item 15200 (Foreign investments - non-affiliates)
- Accrued interest receivable - see item 12180 (Accounts receivable - other)
- Debt securities of affiliates - see item 14000 (Investments in affiliates)
- Promissory notes arising from the sale of goods and services - see item 12110 (Accounts receivable - trade)
- Treasury bills - see item 15190 (Short-term paper)

c) 15160 corporate shares, fund or trust units and other equity

Definition

Investments in all Canadian equity issued by non-affiliated Canadian entities.

Inclusions

- Common and preferred shares of non-affiliated Canadian corporations
- Fixed term equity securities
- Closed-end and open-end funds
- Credit union shares
- Trust units

Exclusions

- Shares of affiliates - see items 14110 and 14120 (Shares and equity in Canada or outside Canada)
- Shares in foreign corporations - see item 15200 (Foreign investments - non affiliates)
- Dividends receivable - see item 12180 (Accounts receivable - other)
- Stock warrants and options - see item 19900 (Derivatives)

d) 15180 other Canadian investments

Definition

Canadian investments not elsewhere classified.

Inclusions

- Gold and silver certificates
- Precious metals (except for mining companies, where these should be part of inventory)

Exclusions

- Cash surrender value of life insurance policies - see item 19800 (Other assets)
- Goodwill, trademarks, patents, franchises, licences, rights and like items - see item 19100 (Intangible assets)
- Mortgage loans and non-mortgage loans - see items 16000 (Mortgage loans to non-affiliates) and 17000 (Non-mortgage loans to non-affiliates)

SECTION A - ASSETS - Question identifier:7.

Foreign investments - non-affiliates

Report cash and deposits at line 1, derivatives at line 8, mortgage
loans at line 9, non-mortgage loans at line 10, and provisions for losses at line 13.

Definition

Investments in foreign securities other than securities issued by, and loans to, foreign affiliates.

Valuation

The above financial instruments should be valued in accordance with the prevailing accounting standards applicable to the category under which the financial assets have been classified upon initial recognition or acquisition. Gains and losses on subsequent measurement or disposition of these assets and impairment losses should be taken to net income or other comprehensive income as applicable for the respective financial instrument category, in accordance with the same prevailing accounting standards. Foreign investments should be expressed in Canadian dollars using the rate of exchange in effect on the balance sheet date.

SECTION A - ASSETS - Question identifier:8.

Derivatives

Report gross asset positions. Include commodity contracts accounted
for as cash flow hedges, other derivative contracts, warrants and options. Report liability positions at line 20.

Definition

A derivative is a financial security whose value is dependent upon or derived from one or more underlying assets. The derivative itself is a contract between two or more parties. Its value is determined by fluctuations in the underlying asset. The most common underlying assets include stocks, bonds, commodities, currencies, interest rates and market indexes. Futures contracts, forward contracts, options and swaps are the most common types of derivatives. Since derivatives are contracts, just about anything can be used as an underlying asset. Derivatives are generally used to protect against financial risk, interest rates or the levels of financial indices but can also be used for speculative purposes.

For an asset to be recognized, it must provide future benefits that your enterprise controls and for which a transaction has occurred.

Valuation

These financial instruments should be valued in accordance with the prevailing accounting standards:
- At fair value upon initial recognition
- At fair value after initial recognition
- Derivatives that are linked to and must be settled by delivery of equity instruments of another entity whose fair value cannot be reliably measured should be measured at cost
- Gains and losses should be recognized in net income for the period in which they arise except by those related to derivatives forming part of a hedge relationship which should be accounted for using hedge accounting rules.

Exclusion

- Notional amount

SECTION A - ASSETS - Question identifier:9.

Mortgage loans to non-affiliates

Report provisions for losses at line 13.

Definition

Mortgage loans and sales agreements receivable are loans made to purchase real estate contingent upon the borrowers' conveying title to the underlying real property to the lender as security for the loan.

Valuation

Mortgages and sales agreements should be shown at amortized cost before deducting provision for mortgage loan losses - see item 19800 (Other assets).

Inclusions

- Advances or draws as well as completed loans
- Mortgages purchased from another investor
- Mortgages assumed by seller of real estate

Exclusions

- Mortgage loans to affiliates - see series 14300 (Debt Claims on Affiliates in Canada and outside Canada)
- Chattel or collateral mortgages - loans made for purposes other than the purchase of real estate but secured by real estate - see item 17000 (Non-mortgage loans to non-affiliates)
- Mortgage bonds, debentures and notes - see item 15195 (Bonds and debentures)
- Advances made to finance, real estate development and construction which are not secured by a mortgage, i.e., bridge financing - see item 17000 (Non-mortgage loans to non-affiliates)
- Accrued interest receivable - see item 12180 (Accounts receivable - other)

SECTION A - ASSETS - Question identifier:10.

Non-mortgage loans to non-affiliates

Report provisions for losses at line 13.

Definition

Funds lent to borrowers, other than through mortgage loan contracts or the purchase of debt securities issued by borrowers. Loans may be demand or time loans and, within these categories, secured or unsecured.

Valuation

Non-mortgage loans receivable should be shown at amortized cost before deducting the loan loss provision - see item 19800 (Other assets). Loans denominated in foreign currency should be expressed in Canadian dollars using the exchange rate at the balance sheet date.

Inclusions

- Day and call loans
- Short-term and long-term loans
- Overdrafts on depositors' accounts and drawings on lines-of-credit
- Collateral or chattel mortgages

Exclusions

- Bills, serial notes, bonds and like evidence of indebtedness - see items in 15100 series (Canadian investments - non-affiliates)
- Loans receivable from affiliates - see item 14300 (Debt claims on affiliates)
- Mortgage loans receivable and funds lent to purchase real estate - see item 16000 (Mortgage loans to non-affiliates)
- Accrued interest receivable - see item 12180 (Accounts receivable - other)

SECTION A - ASSETS - Question identifier:11.

Fixed assets

Details
a) 18319 depreciable assets and land (see separate definition)
b) 18316 capitalized leases of lessee (see separate definition)
c) 18350 accumulated depreciation (see separate definition)
d) 18360 depletable assets (see separate definition)

Definition

Tangible and intangible assets that:

- Are held for use in the production or supply of goods and services, for rental to others, or for administrative purposes, and may include items held for the maintenance or repair of such assets
- Have been acquired or constructed with the intention of being used on a continuing basis
- Are not intended for sale in the ordinary course of business

Depletable assets costs represent costs incurred by the reporting entity in exploring and developing natural resource properties and the purchase of proven natural resource properties. Also included are assets acquired under capital leases which are leases where all the benefits and risks of ownership of leased property are transferred from the lessor to the lessee. This category includes real estate held for rental. This item covers the accumulated depreciation and amortization on "real estate held for income" and
"fixed assets."

Valuation

Fixed assets should be valued at acquisition cost including interest capitalized, or allowance for funds used for construction, plus the cost of betterments, less write-downs to reflect permanent impairment.

Depreciable assets should be reported before deducting depreciation.
Depletable assets should be shown net of amortization.

Inclusions
- Land
- Construction, structures, roads, bridges and towers
- Construction in progress accounts related to new fixed assets
- Real estate held for rent
- Inventories of assets held for leasing
- Leasehold improvements
- All types of machinery and equipment including transportation and mobile equipment
- Depletable assets related to natural resource properties such as timber, water and power rights, mies, oil and gas wells, quarries and sand pits
-Deferred exploration and development charges related to mining and petroleum properties
-Assets acquired under capital leases

Exclusions

-Repossessed assets held for sale by companies whose primary activities are non-financial - see item 13000 (Inventory)
-Intangible assets - see item 19100 (Intangible assets)
-Tooling and special tooling costs (transportation equipment manufacturers) - see item 19800 (Other
assets)

Reporting instructions

Continued.

a) 18319 depreciable assets and land

Definition

Property, plant, and equipment are tangible assets that are:
- Held for use in the production or supply of goods and services, for rental to others, or for administrative purposes, and may include items held for the maintenance or repair of such assets;
- Have been acquired or constructed with the intention of being used on a continuing basis;
- Not intended for sale in the ordinary course of business. This category includes real estate held for rental.

Valuation

Land and depreciable assets should be valued at acquisition cost including interest capitalized, or allowance for funds used for construction, plus the cost of betterments, less write-downs to reflect permanent impairment. Depreciable assets should be reported before deducting depreciation.

Inclusions
- Land, roads, bridges and towers
- Buildings and other structures
- Leasehold improvements and other improvements
- Machinery and equipment
b) 18316 capitalized leases of lessee

Definition

Include assets acquired under capital leases which are leases where all the benefits and risks of ownership of leased property are transferred from the lessor to the lessee. Leased properties include land, buildings, machinery, and equipment (see general definition above under item 18300).
c) 18350 accumulated depreciation

Definition

The accumulated periodic allocations of the cost of rental properties and fixed assets to expense.

d) 18360 depletable assets

Definition

The costs of acquiring proven or producing natural resource properties. The cost of exploring and developing new natural resource properties.

Valuation

Show net of accumulated depletion and amortization.

• (a): depreciable assets and land

• (b): capitalized leases of lessee

• (c): accumulated depreciation

• (d): depletable assets

SECTION A - ASSETS - Question identifier:12.

Intangible assets

Include goodwill, patents, licenses, rights and other intangibles. Report deferred charges at line 13.

Definition

Long-term assets that lack physical substance such as goodwill, trademarks, licences, rights, patents, and franchises. All such assets will be valued at cost less accumulated amortization. Report deferred charges in item 19800 Other assets).

Valuation

Intangible assets with a definite life should be valued at cost less accumulated amortization and impairment losses. Intangible assets with an indefinite life should be valued at cost less any
impairment losses.

SECTION A - ASSETS - Question identifier:13.

Other assets

Report assets not elsewhere specified. Include accumulated provisions for losses (credits) on inventories, investments and loans.

Definition
All assets not elsewhere classified.

Valuation
Other assets should be valued at acquisition or amortized cost.

Inclusions

- Prepaid expenses and deferred charges - expenditures which are expected to yield benefits in the future and are carried forward to be allocated to current operations in subsequent periods, e.g., amounts paid for goods and services not yet received, prepaid insurance and rents, discount and expense on bond issues, organizational expense, research and development costs, preproduction costs, and deferred pension costs
- Deposits and advances - amounts lodged with or payments made to others to be either charged to expense or refunded at a later period, e.g., deposits on contracts and tenders, performance bonds,down payments and advances to suppliers
- Pipeline fill
- Cash surrender value of life insurance policies
- Other unamortized deferred debits
- Accumulated provisions and allowances for losses on inventories,on investments, loans and other assets charged to expenses
- Tooling and special tooling costs less accumulated amortization - the cost of developing tools and dies used in the fabrication of durable goods such as transportation equipment

Exclusions

- Deferred charges related to exploration and development cost (mining and petroleum properties) - see item 18360 (Depletable assets)
- Allowance for doubtful accounts - see item 12800 (Allowance for doubtful accounts)
- Reserves for losses which are appropriations of retained earnings - see item 38000 (Retained earnings - closing balance)

SECTION A - ASSETS - Question identifier:14.

TOTAL ASSETS

Balance sheet date: Day, month, year

LIABILITIES - Question identifier:15.

Accounts payable

Details

a) 22110 trade
b) 22180 other

Definition

All claims by creditors arising from the purchase of goods and services. Included are accrued liabilities and amounts owing to governments except corporate income tax. Trade payables are amounts claimed by creditors arising from the purchase of goods and services used in the ordinary course of business.

Inclusions
- Trade
- Trade accounts payable to affiliates
- Holdbacks payable
- Other
- Interest, dividends and rent payable
- Accrued expenses such as salaries, wages, payroll taxes, employee benefits, indirect taxes, capital taxes, guarantee and warranty costs
- Debt arising from the purchase of fixed assets and investments
- Patronage dividends and experience rating refunds payable
- Outstanding cheques
- Balance owing represented by the excess of GST collections over GST input tax credits claimed

Exclusions

- Income taxes payable - see item 23000 (Income taxes payable)
- Advances and unearned income - see item 29000 (Other liabilities)
- Lease contracts payable - see item 25184 (Capital lease obligations)
- Other accounts payable to affiliates - see series 24000 (Amounts owing to affiliates)
- Borrowings - see items in series 25000 series (Borrowings from non-affiliates)
- Balance recoverable represented by the excess of GST input tax credits claimed over GST collections - see item 12180 (Accounts receivable - other)

• (a): trade

• (b): other

LIABILITIES - Question identifier:16.

Income taxes payable

Report income taxes recoverable at item 2 (c).

Definition

Income taxes, provincial mining and logging taxes payable to provincial and federal governments.

Exclusions

- Other taxes such as municipal taxes, business taxes, payroll taxes, sales taxes, royalties, licences and fees payable to provincial and municipal governments - see item 22180 (Accounts payable - other)
- Capital taxes - see item 22180 (Accounts payable - other)
- Income taxes recoverable - see item 12180 (Accounts receivable - other)

LIABILITIES - Question identifier:17.

Amounts owing to affiliates

Include notes, loans, mortgages, bonds and interest payable to affiliates. Report trade payables with unconsolidated affiliates at item 15 (a).

Details
a) 24100 in Canada
b) 24200 outside Canada

Definition

Debt, other than trade payables, owed by the reporting entity to non-consolidated parent, subsidiary,and affiliated corporations, affiliated joint ventures and partnerships, head office, directors, officers, and individual shareholders.

Valuation

Claims of affiliates should be shown at amortized value. Do not net with claims on affiliates (Item 14300).

Inclusions

- All loans, advances, mortgages, bonds, debentures, and notes held by non-consolidated parent, subsidiaries, and affiliated corporations, affiliated joint ventures and partnerships, head office, directors, officers, and individual shareholders
- Dividends and other non-trade accounts payable to non-consolidated parent, subsidiaries, and affiliated corporations, affiliated joint ventures and partnerships, head office, directors, officers, and individual shareholders

Exclusions

- Trade payables - see item 22110 (Accounts payable - trade)

• (a): in Canada

• (b): outside Canada

LIABILITIES - Question identifier:18.

Borrowing from non-affiliates

Details
a) loans and overdrafts (see separate definition)
(1) 25700 from lenders in Canada
(2) 25800 from lenders outside Canada
b) 25200 commercial paper (see separate definition)
c) 25400 bonds and debentures (see separate definition)
d) 25500 mortgage loans (see separate definition)
e) 25184 capital lease obligations (see separate definition)

a) loans and overdrafts
Details
(1) 25700 loans and overdrafts from lenders in Canada
(2) 25800 loans and overdrafts from lenders outside Canada

Definition

Includes funds lent by chartered banks to the reporting entity other than through mortgage loan contracts or the banks' purchase of the reporting entity's securities. These loans may be demand or time loans and, within these categories, secured or unsecured. Also includes funds borrowed from lenders other than chartered bank branches in Canada.

Valuation

Loans denominated in foreign currency should be expressed in Canadian dollars using the exchange rate in effect on the balance sheet date.

Inclusions
- Loans from Canadian chartered banks
- Overdrafts on deposit accounts as shown in the banks' records
- Loans from others
- Chattel or collateral mortgages
- Exercised lines of credit

Exclusions
- Mortgage loans - see item 25500 (Mortgage loans)
- Outstanding cheques - see item 22100 (Accounts payable)
- Loans from affiliates - see series 24000 (Amounts owing to affiliates)
- Finance and other short-term paper - see item 25200 (Commercial paper)
- Accrued interest payable - see item 22180 (Accounts payable - other)

b) 25200 commercial paper

Definition

Short-term notes and paper issued and outstanding.

Valuation

This liability should be valued at the proceeds of the issue before deducting fees or commissions. However, many issues are issued at a discount and may be recorded at amortized value. If data on actual proceeds are not available, amortized values are acceptable. Loans, denominated in foreign currency, should be expressed in Canadian dollars using the exchange rate in effect on the balance sheet date.

Reporting instructions

Continued.

Inclusions
- Finance and commercial paper
- Demand or call notes
- Promissory notes not insurable under a deposit insurance act in Canada
- Bankers' acceptances - bankers' acceptances is short-term money market financing that is guaranteed by a bank
c) 25400 bonds and debentures

Definition

Bonds and debentures which represent long-term obligations. The instruments include a written promise to pay a specified sum of money at a fixed time in the future and to pay interest at a specified rate, and are usually secured by a pledge of assets. These debt instruments are usually marketable.

Valuation

This liability should be valued at the proceeds of the issue before deducting fees or commission. However, many issues are issued at a discount and may be recorded at amortized value. If data on proceeds are not available, amortized values are acceptable. Sinking funds consisting of investments may be established by the debtor under the terms of the bond agreement. The value of these investments should not be deducted from the value of the bonds outstanding, but should be shown in the appropriate asset category and the amount of debt shown as the actual amount outstanding. Bonds and debentures retired through the use of sinking funds or other resources should be deducted from the total debt outstanding. Investments in the reporting entity's bonds and debentures should not be netted against the corresponding liabilities, but should be shown in the appropriate investment category. Bonds and debentures denominated in foreign currency should be expressed in Canadian dollars using the exchange rate in effect on the balance sheet date.

Inclusions
- Mortgage bonds
- Collateral trust bonds
- Own bonds held but not retired
- Equipment trust certificates
- Small business bonds and small business development bonds
- Income bonds

Exclusions
- Mortgage loans - see item 25500 (Mortgage loans)
- Bonds held by affiliates - see series 24000 (Amounts owing to affiliates)
- Finance and other short-term paper - see item 25200 (Commercial paper)
- Bank or other loans secured by bonds, debentures, and serial notes - see items 25700 and 25800
(Loans and overdrafts from lenders in Canada and outside Canada)
d) 25500 mortgage loans

Definition

Funds borrowed under a mortgage contract to purchase real estate.

Valuation

Loans denominated in foreign currency should be expressed in Canadian dollars using the exchange rate in effect on the balance sheet date.

Exclusions
- Chattel or collateral mortgages - see items 25700 and 25800 (Loans and overdrafts from lenders in Canada and outside Canada)
- Mortgages due to affiliates - see series 24000 (Amounts owing to affiliates)
- Accrued interest payable - see item 22180 (Accounts payable - other)
- Mortgage bonds - see item 25400 (Bonds and debentures)
e) 25184 capital lease obligations

Definition

Capital lease obligations represent the total dollar value of lease payments payable by lessees over the life of the financing lease

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

• (b): commercial paper

• (c): bonds and debentures

• (d): mortgage loans

• (e): capital lease obligations

LIABILITIES - Question identifier:19.

Equity securities classified as liabilities

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

Definition

Include equities classified as liabilities as required in Section 3861 of the CICA Handbook outlining the accounting treatment for financial instruments.

LIABILITIES - Question identifier:20

Derivatives

LIABILITIES - Question identifier:21.

Future income taxes

Report (debit) and credit balances.

Definition

Future income tax assets and liabilities are the amounts of income tax benefits arising in respect of:
- Deductible or taxable temporary differences
- The carry forward of unused tax losses
- The carry forward of unused income tax reductions, except for investment tax credits

This account represents the accumulated temporary differences between accounting net income and taxable income, multiplied by the tax rate.

Inclusions

- All deferred income tax debits and credits arising from use of the future income taxes method

Exclusions
- Income taxes payable based on taxable income - see item 23000 (Income taxes payable)

LIABILITIES - Question identifier:22.

Minority interest

Report the minority interest related to consolidated subsidiaries.

Definition
Equity in subsidiaries consolidated in a reporting unit's return that is applicable to shares not owned by the reported parent company or any other company that is included in the consolidated report.

LIABILITIES - Question identifier:23.

Other liabilities

Report liabilities not elsewhere specified. Include provisions for future costs and deferred income.

Definition

Liabilities not elsewhere classified.

Inclusions

- Advances received, deferred income, unearned revenue, and progress billings
- Provision for future expenditures recognized in current operations as a charge against current income, e.g., retroactive increases in wages, provision for pension costs, provision for warranty claims, and retroactive adjustments
- Unamortized deferred credits/debits such as unamortized foreign exchange gains/losses
- Unrealized gains/losses on the translation of foreign currency
- Unamortized balance of deferred gains/losses on the disposal of investments

Exclusions

- Trade and other accounts and notes payable - see item 22100 (Accounts payable)
- Accrued expenses - see item 22180 (Accounts payable - other)
- Accounts, notes, loans and all other claims owing to affiliates - see series 24000 (Amounts owing to affiliates)

EQUITY - Question identifier:24.

Share capital

Details

a) 31100 preferred
b) 31200 common

Definition

The ownership interest in a company as authorized by its instrument of incorporation. It covers all classes of share capital including membership shares, additional shares held by members and estate/endowment shares (such as in credit unions).

Valuation

Share capital issued and outstanding should be stated at par value or, if there is no par value, their stated value.

Inclusions

- Common or ordinary shares
- Preferred shares: cumulative, participating, non-cumulative, term, redeemable

Exclusions

- Retained earnings - see item 38000 (Retained earnings - closing balance)
- The undistributed profits portions of the head office accounts and capital accounts of unincorporated entities - see item 38000 (Retained earnings - closing balance)
- Contributed surplus - see item 33000 (Contributed surplus)

• (a): preferred

• (b): common

EQUITY - Question identifier:25.

Unitholders' capital

Include owners' investments in trusts, funds or partnerships.

Definition

Unitholders' capital represents the investment in the trust, fund or partnership by the owners.

Inclusions

- Investments in unincorporated entities which represent permanent capital - this includes unincorporated partnerships and joint ventures.

EQUITY - Question identifier:26.

Contributed surplus

Definition

The portion of paid-in capital (i.e., contributed capital) arising from:

- Premiums received on the issue of par value shares
- That portion of no par value shares issued that have not been classified as part of share capital
- Proceeds of sale of donated shares
- Profit on forfeited shares
- Redemption or conversion of shares at an amount different from that set up as share capital
- Donations of capital

Exclusions

- Undistributed earnings - see item 38000 (Retained earnings - closing balance)
- Share capital - see item 31000 (Share capital)

EQUITY - Question identifier:27.

Accumulated other comprehensive income

EQUITY - Question identifier:28.

Retained earnings

Reporting instructions

Continued

e) 38800 dividends declared

Details

(1) 38804 preferred shares
(2) 38806 common shares

Definition

An amount declared by the board of directors for distribution to shareholders in proportion to their holdings, having regard for the respective rights of various classes of stock.

Inclusions

- Cash dividends declared
- Cash dividends declared on all common and preferred shares
- Other dividends
- Stock dividends declared on common or preferred shares
- Liquidating dividends
- Patronage dividends

Exclusions

- Interest expense on small business development bonds, small business bonds, income bonds and debentures - see item 53110 (Interest expense on bonds and debentures)

f) 38300 income trust distributions

Definition

Distributions of funds to the owners of the trust, fund or partnership.

g) 38000 closing balance

Definition

The accumulated undistributed earnings derived from all sources, including capital or extraordinary gains and losses. Retained earnings may be appropriated (i.e., set aside at the discretion of management or in accordance with the requirements of a statute, by-law, trust indenture or other agreement for a specific or general purpose), or unappropriated. Both are included here.
Include head office accounts which represents the undistributed profits a foreign company has retained in an unincorporated branch operating in Canada. Also, other incorporated entities such as partnerships and joint ventures, branches and divisions of corporations should include their undistributed profits in this account.

Inclusions

- The undistributed profits portion of the head office accounts and capital accounts of unincorporated entities

Exclusions

- Contributed surplus - see item 33000 (Contributed surplus)
- Share capital - see item 31000 (Share capital)
- Unitholder's capital - see item 32300 (Unitholder's capital)

• (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): preferred shares
• (2): common shares

• (f): income trust distributions

• (g): closing balance

EQUITY - Question identifier:29.

TOTAL LIABILITIES AND EQUITY

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

SECTION C - INCOME STATEMENT - Question identifier:30.

OPERATING REVENUE

Definition

Operating revenue is the inflow of cash, receivables or other consideration arising in the course of the ordinary activities of an enterprise, normally from the sale of goods, the rendering of services, and the use by others of enterprise resources yielding interest, royalties and dividends. Operating revenue is net of items such as trade or volume discounts, returns and allowances, claims for damaged goods, and certain excise and sales taxes.

OPERATING EXPENSES - Question identifier:31.

Wages and salaries

Include commissions paid to employees.

Definition

Reported wages and salaries (including commissions) before deductions. An employee is defined as a worker for whom a Revenue Canada T4 Supplementary Form was completed.

Inclusions

- Vacation pay
- Director's fees
- Bonuses (including profit-sharing)
- Commissions
- Gratuities
- Taxable allowances (e.g., room and board)
- Retroactive wage payments
- Amounts deposited into foreign accounts

OPERATING EXPENSES - Question identifier:32.

Employer portion of employee benefits

OPERATING EXPENSES - Question identifier:33.

Pension expense

OPERATING EXPENSES - Question identifier:34.

Stock options expense

Report per CICA section 3870.

Definition

Include employee stock options that were expensed during the current period as per CICA Handbook Section 3870.

OPERATING EXPENSES - Question identifier:35.

Indirect taxes

Include property, business, provincial health and capital taxes.

Definition

Taxes that are payable as a result of production, traffic and consumption. They are proportional and the rate does not depend upon the personal characteristics of the taxpayer. The most common indirect taxes are those applied to sales, to the consumption of goods considered as special or as a luxury, and to the transfer of immobile goods.

Inclusions

Salary Related
- Ontario Employer Health Tax
- Québec: Employers' contribution to health services funds
- Manitoba Levy for Health and education and the Newfoundland Payroll tax

Other
- Property taxes, business taxes and other fees
- Licenses for which no goods or services are received from municipal, provincial and federal governments
- Provincial capital taxes

OPERATING EXPENSES - Question identifier:36.

Depreciation

OPERATING EXPENSES - Question identifier:37.

Depletion

Report depletion and amortization related to item 11 (d).

Definition

Depletion is the systematic allocation of costs to current operations based on the reduction in the quantity of wasting assets as a result of consumption, removal, or passage of time. Depletion charges relate to the cost of depletable assets. Depletable assets represent the costs of purchasing proven resource or operating properties. Also includes the gradual writing off of capitalized costs involved in discovering and bringing a mineral or other natural resource property into production.

Inclusions
- Depletion charges related to the cost of acquiring proven or producing resource properties.
- Also includes amortization of deferred exploration and development charges which covers:
- Mine-site exploration and development expenditures capitalized - this refers to expenditures on properties which are in production or are being prepared for production, and includes such expenditures as underground, surface and airborne exploration, drifts, shafts, raises, diamond drilling and stripping.
- General exploration expenditures capitalized - this refers to expenditures other than those incurred on producing properties or on properties being prepared for production.
- Land and lease acquisition and retention expenditures capitalized - this includes nonproducing lease rentals, bonuses, legal fees, filing fees, land department salaries, taxes, and applicable overhead.
- Exploration and development drilling expenditures capitalized - this refers to the costs of physical work, casings and other materials, dry wells, productive wells, capped wells, wells in progress, administration, and applicable overhead.
- Geological and geophysical expenditures capitalized - these expenses pertain to cost of seismographs, velocity surveys, gravity meters, magnetic playbacks, camps, crews, dirt work, and applicable overhead.

Exclusions

- Write-offs of depletable assets - see item 56200 (Revaluations, (write-downs) and (write-offs))
- Portion of exploration and development expenses not capitalized, but charged directly to current operations

OPERATING EXPENSES - Question identifier:38.

Amortization

OPERATING EXPENSES - Question identifier:39.

Resource royalties expense

This applies only to mineral extraction and forestry companies.

Definition

This item applies only to mineral extraction and forestry companies. It represents the fees paid by companies to governments for the right to utilize natural resources.

OPERATING EXPENSES - Question identifier:40.

Bad debts expense, charitable donations and write-down of inventory

Definition

Include bad debt expense, charitable donations and write-downs of inventory in the current period.

OPERATING EXPENSES - Question identifier:41.

Purchased goods and services

OPERATING EXPENSES - Question identifier:42.

TOTAL OPERATING EXPENSES

OPERATING EXPENSES - Question identifier:43.

OPERATING INCOME (LOSS)

OTHER REVENUE AND EXPENSES - Question identifier:44.

Canadian interest revenue

Include financial leasing revenue from Canadian sources.

Definition

Revenue earned with respect to the lending of money through loans and the holding of debt instruments such as bonds, mortgages, and other financial claims.

Valuation

Interest revenue should not be netted against interest expense.

Inclusions
- Amortization of discounts and premiums on the purchase of fixed income securities and the lending of money
- Interest on deposits
- Interest on income bonds and debentures
- Finance charges on accounts receivable
- Interest on small business development bonds
- Interest on small business bonds
- Finance income from sales type and financing leases - a financing lease transfers substantially all the benefits and risks incident to the ownership of property to the lessee; this type of lease is incidentally a method of financing the purchase of property.
- Imputed interest or discounts from commercial paper, financial paper, and treasury bills

Exclusions
- Dividends on term and retractable preferred shares - see items 78600 (Canadian dividends) or 78700 (Foreign interest and dividend revenue)
- Interest revenue from foreign sources - see item 78700 (Foreign interest and dividend revenue)

OTHER REVENUE AND EXPENSES - Question identifier:45.

Canadian dividends

Report dividends received from Canadian companies. Exclude dividends from corporations accounted for on the equity basis.

Definition

Receipts of cash arising from the reporting entity's shareholdings in corporations incorporated in Canada. This item excludes dividends received when the equity method of accounting for investments is used.

Inclusions
- Cash dividends on all common and preferred shares except other than classified as liabilities under Section 3861 of CICA Handbook
- Liquidating dividends

Exclusions
- Patronage dividends
- Stock dividends and non-cash dividends
- Interest on small business bonds, small business development bonds and income bonds - see items 78500 (Canadian interest revenue) or 78700 (Foreign interest and dividend revenue)
- Cash dividends from affiliates accounted for on the equity method - see item 75000 (Equity method dividends)

OTHER REVENUE AND EXPENSES - Question identifier:46.

Foreign interest and dividend revenue

Definition

All cash dividends received from corporations incorporated outside Canada and interest revenue from foreign sources.

Valuation

Interest and dividend income received from foreign sources should be shown before deduction of interest expenses but net of foreign withholding taxes.

OTHER REVENUE AND EXPENSES - Question identifier:47.

Interest expense

• (a): short-term debt

• (b): bonds and debentures

• (c): mortgages

• (d): other long-term debt

OTHER REVENUE AND EXPENSES - Question identifier:48.

Dividends paid on equity securities classified as liabilities

Include only dividends paid on securities reported as liabilities at line 19, per CICA section 3861.

Definition

Include dividends paid on equity securities classified as liabilities as required in Section 3861 of the CICA Handbook outlining the accounting treatment for financial instruments. These financial instruments are shown under item 29950 (Equity securities classified as liabilities) on the balance sheet.

OTHER REVENUE AND EXPENSES - Question identifier:49.

Gains (losses) on the sale of assets

OTHER REVENUE AND EXPENSES - Question identifier:50.

Foreign currency gains (losses)

OTHER REVENUE AND EXPENSES - Question identifier:51.

Derivatives gains (losses)

• (a): realized

• (b): unrealized

OTHER REVENUE AND EXPENSES - Question identifier:52.

Revaluations, (write-downs) and (write-offs)

OTHER REVENUE AND EXPENSES - Question identifier:53.

INCOME (LOSS) BEFORE INCOME TAX

Definition

Net income before provision for income taxes, equity in net income of unconsolidated affiliates, minority shareholders' portion of net income and extraordinary gains (losses).

OTHER REVENUE AND EXPENSES - Question identifier:54.

Current income tax expense

Report Canadian income tax debits and (credits).

Definition

Current Canadian corporate income taxes. Also included are taxes levied by provincial governments on mining and logging operations.

Inclusions
- Current income taxes - the amount currently payable based on taxable income
- Large corporations - federal capital tax
- Provincial taxes on mining and logging operations
- Taxes related to all gains/losses except taxes on extraordinary items
- Tax benefit of loss carry forward

Exclusions
- Taxes related to extraordinary items - report extraordinary gains (losses), item 58300, net of applicable income taxes
- Indirect taxes - see item 55002 (Indirect taxes)
- Provincial capital taxes - see item 55002 (Indirect taxes)
- Income taxes paid to foreign governments - see item 55001 (Purchased goods and services)
- Deferred income taxes - arises from timing differences in the recognition of revenue and expenses in the measurement of accounting and taxable income - see item 57200 (Future income tax expense)

OTHER REVENUE AND EXPENSES - Question identifier:55.

Future income tax expense

Report Canadian income tax debits and (credits).

Definition

Deferred Canadian corporate income taxes. Also included are taxes levied by provincial governments on mining and logging operations.

Inclusions
- Large corporations - federal capital tax
- Provincial taxes on mining and logging operations
- Taxes related to all gains/losses except taxes on extraordinary items
- Deferred income taxes - arises from timing differences in the recognition of revenue and expenses in the measurement of accounting and taxable income
- Tax benefit of loss carry forward

Exclusions
- Taxes related to extraordinary items - report extraordinary gains (losses)-item 58300- net of applicable income taxes
- Indirect taxes - see item 55002 (Indirect taxes)
- Provincial capital taxes - see item 55002 (Indirect taxes)
- Income taxes paid to foreign governments - see item 55001 (Purchased goods and services)
- Current income taxes - the amount currently payable based on taxable income - see item 57100 (Current income tax expense)

OTHER REVENUE AND EXPENSES - Question identifier:56.

INCOME (LOSS) AFTER INCOME TAX

Definition

Net income after taxes but before equity in net income of unconsolidated affiliates, minority shareholders' portion of net income (loss), and extraordinary gains (losses).

OTHER REVENUE AND EXPENSES - Question identifier:57.

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.

Definition

This item is applicable only to reporting entities employing the equity method of accounting for investment in unconsolidated parent, affiliated and subsidiary corporations, affiliated joint ventures and partnerships. It covers the reporting entity's portion of the profit or loss for the current period of affiliates.

Exclusions
- Under the equity method of accounting for investments, dividends received from affiliates that are credited directly to the investment account will not appear in this item, nor will they be included in the measurement of net income - see items 75100 and 75200 (Equity method dividends).

OTHER REVENUE AND EXPENSES - Question identifier:58.

Minority shareholders' portion of net income of consolidated affiliates

Report debits and (credits).

Definition

In cases where reporting entities consolidate a subsidiary which is not wholly owned, the portion of the subsidiary's profit or loss for the current period accruing to the minority shareholders will be shown in this item.

Contrary to C.I.C.A. treatment, which requires the exclusion of the minority shareholders' portion of extraordinary gains and losses of consolidated subsidiaries, the IOFD definition requires that this item include the minority shareholders' interest in all revenues, expenses, gains and losses, including extraordinary gains and losses. The consolidated accounts should include 100% of the subsidiary's revenues, expenses, gains and losses, including extraordinary gains and losses.

OTHER REVENUE AND EXPENSES - Question identifier:59.

Extraordinary gains (losses)

Report net of income taxes.

Definition

Gains, losses and provision for losses which are not typical of the normal business activities of the reporting entity. In a business, the events giving rise to extraordinary gains/losses are not expected to occur regularly over a period of years, are not considered as recurring factors in ordinary business operations. In the case of consolidated financial statements, the parent's portion as well as the minority shareholders' share of extraordinary items (i.e. 100% of the gains or losses) should be included in this item. This treatment is contrary to C.I.C.A. guidelines, which recommend that only the parent's portion of a subsidiary's extraordinary item be reported.

Valuation

Report net of applicable taxes.

Inclusions
- Events and circumstances that do not depend primarily on decisions or determinations by management or owners
- Intervention by government or other regulatory bodies such as expropriations of property
- Acts of God, such as floods or earthquakes
- Losses resulting from fires or other catastrophes

Exclusions

- Tax benefit of a loss carried forward - see items 57100 (Current income tax expense) and 57200 (Future income tax expense)
- Gains/losses from discontinued operations
- Results of current operations should be reflected in appropriate revenue and expense items
- Recognition of future gains or losses - see item 56200 (Revaluations, (write-downs) and (write-offs))
- Realized gains/losses - see Item 56300 (Gains (losses) on the sale of assets)
- Unusual and non-recurring items that do not meet the criteria set out in the definition of extraordinary gains/losses
- Asset valuation adjustments such as write-downs and write-offs to net realizable values - see item 56200 (Revaluations, (write-downs) and (write-offs)) and 56500 (unrealized gains and (losses))
- Gains and losses on the disposal of investments, fixed assets, and loans - see item 56300 (Gains (losses) on the sale of assets) and 56600 (realized (gains) and losses)

OTHER REVENUE AND EXPENSES - Question identifier:60.

NET INCOME (LOSS)

OTHER REVENUE AND EXPENSES - Question identifier:61.

Other comprehensive income

• (a): unrealized gains (losses)

• (b): realized (gains) losses

• (c): income taxes

OTHER REVENUE AND EXPENSES - Question identifier:62.

COMPREHENSIVE INCOME

BALANCE SHEET DISCLOSURE - Question identifier:63.

Current assets

Definition

The total of cash and other resources that are expected to be realized in cash or sold or consumed within one year or within the normal operating cycle of the business, whichever is longer.

Inclusions
- Current portion of long-term assets

BALANCE SHEET DISCLOSURE - Question identifier:64.

Current liabilities

Definition

A liability that in the ordinary course of business will be liquidated within one year or within the normal operating cycle, whichever is longer.

Inclusions
- Current portion of long-term debt

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.

Cost of goods and services sold

INCOME STATEMENT DISCLOSURE - Question identifier:67.

Exploration and development costs expensed

INCOME STATEMENT DISCLOSURE - Question identifier:68.

Software costs expensed

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

Definition

Include all computer software costs expensed directly in the current period. Report only the cost of own use software whether purchased or licensed. Exclude any amounts deferred and amortized.

INCOME STATEMENT DISCLOSURE - Question identifier:69.

Equity method dividends

Report value of dividends received and excluded from income following the equity method of accounting and credited to item 5 (a) (3).

Details
a) 75100 Canadian
b) 75200 foreign

Definition

Dividends received from unconsolidated subsidiaries and affiliates accounted for on the equity method. Such dividends received are credited to the balance sheet investment account and do not appear as dividend income reported on the income statement.

Exclusions
- Dividends received from corporations where the investment is accounted for on the cost method - see items 78600 (Canadian dividends) and 78700 (Foreign interest and dividend revenue)

• (a): Canadian

• (b): foreign

INCOME STATEMENT DISCLOSURE - Question identifier:70.

Unusual items

INCOME STATEMENT DISCLOSURE - Question identifier:71.

Consolidation accounting elimination of sales

Report the value of sales between Canadian plants, divisions and companies that were eliminated when preparing this report.

Definition

This item represents the amount of inter-corporate sales eliminated when reporting consolidated sales. If your enterprise has sales between plants, divisions, or companies that are eliminated upon the consolidation of your accounts, the value of that transaction is reported here.

INCOME STATEMENT DISCLOSURE - Question identifier:72.

CAPITAL EXPENDITURES

OTHER DISCLOSURE - Question identifier:73.

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 operating revenue - Canadian GAAP

Total operating revenue - New accounting standards

Total operating expenses - Canadian GAAP

Total operating expenses - New accounting standards

Operating income (loss) - Canadian GAAP

Operating income (loss) - 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