CORPORATE INFORMATION (Tables)

12 Months Ended

Dec. 31, 2020

Dec. 31, 2019

Management Commentary Explanatory [Abstract]

Summary of the Corporation's Capital [Table]

As at December 31, 2020, the Corporation’s Capital totaled $45.1 billion (2019 – $42.1 billion), and is computed as follows:

AS AT DEC. 31 (MILLIONS)	2020		2019
Cash and cash equivalents	$	1,283	$	807
Other financial assets	3,809		2,722
Common equity in managed investments	33,732		33,839
Other assets and liabilities of the Corporation	6,321		4,728
Corporation’s Capital	$	45,145	$	42,096
Corporation’s Capital is comprised of the following:
Common equity	$	31,693	$	30,868
Preferred shares	4,145		4,145
Non-controlling interest	230		—
Corporate borrowings	9,077		7,083
	$	45,145	$	42,096

Reconciliation of the Corporation's Capital [Table]

A reconciliation of the Corporation’s Capital to the company’s consolidated balance sheet as at December 31, 2020 is as follows:

AS AT DEC. 31, 2020 (MILLIONS)	The Corporation		Managed Investments		Elimination		Total Consolidated
Cash and cash equivalents	$	1,283	$	8,650	$	—	$	9,933
Other financial assets	3,809		13,921		—		17,730
Accounts receivable and other1	3,632		17,401		(2,105)		18,928
Inventory	2		10,358		—		10,360
Assets classified as held for sale	—		5,917		—		5,917
Equity accounted investments	5,361		35,966		—		41,327
Investment properties	17		96,765		—		96,782
Property, plant and equipment	122		99,887		—		100,009
Intangible assets	285		24,373		—		24,658
Goodwill	368		14,346		—		14,714
Deferred income tax assets	2,159		1,179		—		3,338
Accounts payable and other1	(5,134)		(47,653)		2,105		(50,682)
Liabilities associated with assets classified as held for sale	—		(2,359)		—		(2,359)
Deferred income tax liabilities	(414)		(15,499)		—		(15,913)
Subsidiary equity obligations	(77)		(3,622)		—		(3,699)
Total	11,413		259,630		—		271,043
Common equity in managed investments2	33,732		—		(33,732)		—
Corporation’s Capital	45,145		259,630		(33,732)		271,043
Less:
Corporate borrowings	9,077		—		—		9,077
Non-recourse borrowings of managed entities	—		139,324		—		139,324
Amounts attributable to preferred equity	4,145		—		—		4,145
Amounts attributable to non-controlling interests	230		86,574		—		86,804
Common equity	$	31,693	$	33,732	$	(33,732)	$	31,693

1.Contains the gross up of intercompany balances, including accounts receivable and other, and accounts payable and other of $2.1 billion and $2.1 billion respectively, between entities within the Corporation and its managed investments.

2.Represents the value of the Corporation’s managed investments.

A reconciliation of the Corporation’s Capital to the company’s consolidated balance sheet as at December 31, 2019 is as follows:

AS AT DEC. 31, 2019 (MILLIONS)	The Corporation		Managed Investments		Elimination		Total Consolidated
Cash and cash equivalents	$	807	$	5,971	$	—	$	6,778
Other financial assets	2,722		9,746		—		12,468
Accounts receivable and other1	1,629		17,002		(162)		18,469
Inventory	—		10,272		—		10,272
Assets classified as held for sale	—		3,502		—		3,502
Equity accounted investments	5,281		35,417		—		40,698
Investment properties	—		96,686		—		96,686
Property, plant and equipment	79		89,185		—		89,264
Intangible assets	124		27,586		—		27,710
Goodwill	328		14,222		—		14,550
Deferred income tax assets	2,477		1,095		—		3,572
Accounts payable and other1	(4,870)		(38,369)		162		(43,077)
Liabilities associated with assets classified as held for sale	—		(1,690)		—		(1,690)
Deferred income tax liabilities	(279)		(14,570)		—		(14,849)
Subsidiary equity obligations	(41)		(4,091)		—		(4,132)
Total	8,257		251,964		—		260,221
Common equity in managed investments2	33,839		—		(33,839)		—
Corporation’s Capital	42,096		251,964		(33,839)		260,221
Less:
Corporate borrowings	7,083		—		—		7,083
Non-recourse borrowings of managed entities	—		136,292		—		136,292
Amounts attributable to preferred equity	4,145		—		—		4,145
Amounts attributable to non-controlling interests	—		81,833		—		81,833
Common equity	$	30,868	$	33,839	$	(33,839)	$	30,868

1.Contains the gross up of intercompany balances, including accounts receivable and other, and accounts payable and other of $162 million and $162 million respectively, between entities within the Corporation and its managed investments.

2.