Consolidated Financial Statements

Consolidated Statements of Retained Earnings

         
For the years ended December 30, 2006 and December 31, 2005
($ millions except where otherwise indicated)
  2006 
(52 weeks)
  2005 
(52 weeks)
 

Retained Earnings, Beginning of Year

$ 4,694  $ 4,193 
Net (loss) earnings   (219)    746 
Premium on common shares purchased for cancellation (note 18 PDF)     (15)
Dividends declared per common share – 84¢ (2005 – 84¢)   (230)   (230)
 

Retained Earnings, End of Year

$ 4,245  $ 4,694 
 

See accompanying notes to the consolidated financial statements.

Loblaw Companies Limited Annual Report 2006