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Consolidated Statements of Changes in Equity - CAD ($)
shares in Millions, $ in Millions
Total
Preferred shares [Member]
Common shares [Member]
Contributed Surplus [Member]
Shareholders' Retained Earnings [Member]
Shareholders' accumulated other comprehensive income (loss) ("AOCI") [Member]
Participating Policyholders' Equity [Member]
Non-controlling Interests [Member]
Balance, beginning of year at Dec. 31, 2018   $ 3,822 $ 22,961 $ 265 $ 12,704 $ 6,212 $ 94 $ 1,093
Change in unrealized foreign exchange gains (losses) of net foreign operations $ (1,933)         (1,612)    
Exercise of stock options and deferred share units     $ 104 (20)        
Net income attributed to non-controlling interests 233             233
Opening adjustment at adoption of IFRS 16         (19)   (3)  
Net income (loss) attributed to participating policyholders (333)           (333)  
Net Income attributed to shareholders         $ 5,602      
Change in actuarial gains (losses) on pension and other post-employment plans 76         76    
Common shares repurchased (note 11)     (677)   (662)      
Stock option expense       11        
Impact of deferred tax asset rate change (6)     (2)        
Other comprehensive income (loss) attributed to policyholders and non-controlling interests             (1) 4
Change in unrealized gains (losses) on available-for-sale financial securities 2,212         1,775    
Preferred share dividends         $ (172)      
Contributions (distributions/disposal), net               (119)
Change in unrealized gains (losses) on derivative instruments designated as cash flow hedges (28)         (16)    
Common share dividends         (1,965)      
Issued under dividend reinvestment and share purchase plans     $ 739          
Change in real estate revaluation reserve 11         11    
Share of other comprehensive income (losses) of associates 1         1    
Balance, end of year at Dec. 31, 2019 50,106 3,822 23,127 254 15,488 6,447 (243) 1,211
Total shareholders' equity, end of year 49,138              
Change in unrealized foreign exchange gains (losses) of net foreign operations (505)         (405)    
Exercise of stock options and deferred share units     $ 36 (7)        
Net income attributed to non-controlling interests 250             250
Opening adjustment at adoption of IFRS 16         0   0  
Net income (loss) attributed to participating policyholders (545)           (545)  
Net Income attributed to shareholders         $ 5,871      
Change in actuarial gains (losses) on pension and other post-employment plans 37         37    
Common shares repurchased (note 11)     (121)   (132)      
Stock option expense       14        
Impact of deferred tax asset rate change (25)     0        
Other comprehensive income (loss) attributed to policyholders and non-controlling interests             4 4
Change in unrealized gains (losses) on available-for-sale financial securities 2,506         325    
Preferred share dividends         $ (171)      
Contributions (distributions/disposal), net               (10)
Change in unrealized gains (losses) on derivative instruments designated as cash flow hedges (81)         (86)    
Common share dividends         (2,169)      
Issued under dividend reinvestment and share purchase plans     $ 0          
Change in real estate revaluation reserve 5         3    
Share of other comprehensive income (losses) of associates 2         2    
Balance, end of year at Dec. 31, 2020 53,006 $ 3,822 $ 23,042 $ 261 $ 18,887 $ 6,323 $ (784) $ 1,455
Total shareholders' equity, end of year $ 52,335