ORGANIZATION AND CAPITAL MANAGEMENT (Tables)

6 Months Ended

Jun. 30, 2021

Management Commentary Explanatory [Abstract]

Summary of the Corporation's Capital [Table]

As at June 30, 2021, the Corporation’s Capital totaled $46.9 billion (December 31, 2020 – $45.1 billion), and is computed as follows:

AS AT JUN. 30, 2021 AND DEC. 31, 2020 (MILLIONS)	2021		2020
Cash and cash equivalents	$	1,447	$	1,283
Other financial assets	3,402		3,809
Common equity in managed investments	33,166		33,732
Other assets and liabilities of the Corporation	8,874		6,321
Corporation’s Capital	$	46,889	$	45,145
Corporation’s Capital is comprised of the following:
Common equity	$	33,369	$	31,693
Preferred shares	4,145		4,145
Non-controlling interest	230		230
Corporate borrowings	9,145		9,077
	$	46,889	$	45,145

Reconciliation of the Corporation's Capital [Table]

A reconciliation of the Corporation’s Capital to the company’s consolidated balance sheet as at June 30, 2021 is as follows:

AS AT JUN. 30, 2021 (MILLIONS)	The Corporation		Managed Investments		Elimination		Total Consolidated
Cash and cash equivalents	1,447		$	9,012	$	—	$	10,459
Other financial assets	3,402		15,614		—		19,016
Accounts receivable and other1	5,686		18,014		(4,157)		19,543
Inventory	2		11,185		—		11,187
Assets classified as held for sale	—		3,215		—		3,215
Equity accounted investments	6,125		37,190		—		43,315
Investment properties	17		100,993		—		101,010
Property, plant and equipment	183		97,903		—		98,086
Intangible assets	238		24,780		—		25,018
Goodwill	366		14,587		—		14,953
Deferred income tax assets	2,245		1,170		—		3,415
Accounts payable and other1	(5,299)		(49,188)		4,157		(50,330)
Liabilities associated with assets classified as held for sale	—		(1,287)		—		(1,287)
Deferred income tax liabilities	(602)		(15,312)		—		(15,914)
Subsidiary equity obligations	(87)		(3,391)		—		(3,478)
Total	13,723		264,485		—		278,208
Common equity in managed investments2	33,166		—		(33,166)		—
Corporation’s Capital	46,889		264,485		(33,166)		278,208
Less:
Corporate borrowings	9,145		—		—		9,145
Non-recourse borrowings of managed entities	—		143,126		—		143,126
Amounts attributable to preferred equity	4,145		—		—		4,145
Amounts attributable to non-controlling interests	230		88,193		—		88,423
Common equity	$	33,369	$	33,166	$	(33,166)	$	33,369

1.Contains the gross up of intercompany balances, including accounts receivable and other, and accounts payable and other of $4.2 billion and $4.2 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, 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