Glossary

Adjusted basic net earnings

Basic net earnings per common share adjusted for items that affect the comparability of the financial per common share results and are not a result of ongoing operations (see Non-GAAP Financial Measures – 51 KB PDF).

Adjusted EBITDA

Adjusted operating income before depreciation and amortization (see Non-GAAP Financial Measures – 51 KB PDF).

Adjusted EBITDA margin

Adjusted EBITDA divided by sales excluding the impact of VIEs (see Non-GAAP Financial Measures – 51 KB PDF).

Adjusted net earnings

Net earnings adjusted for items that affect the comparability of the financial results and are not a result of ongoing operations (see Non-GAAP Financial Measures – 51 KB PDF).

Adjusted operating income

Operating income adjusted for items that affect the comparability of the financial results and are not a result of ongoing operations (see Non-GAAP Financial Measures – 51 KB PDF).

Adjusted operating margin

Adjusted operating income divided by sales excluding the impact of VIEs (see Non-GAAP Financial Measures – 51 KB PDF).

Annual Report

For 2006, the Annual Report consists of the Annual Summary and the Financial Report.

Basic net (loss) earnings per common share

Net (loss) earnings available to common shareholders divided by the weighted average number of common shares outstanding during the year.

Book value per common share

Shareholders’ equity divided by the number of common shares outstanding at year end.

Loblaw Companies Limited Annual Report 2006