2006

2005

CURRENT ASSETS

Cash and cash equivalents

$

34,377

$

583,064

Accounts receivable

Trade, less allowances

437,617

336,902

Other, including current portion of mortgages receivable

12,119

52,041

Inventories (Note 6)

896,477

506,237

Other current assets

28,703

8,615

Income taxes recoverable

30,031

—

Deferred income taxes (Note 7)

40,689

30,227

1,480,013

1,517,086

LONG-TERM ASSETS

Capital assets (Note 8)

1,313,517

1,056,186

Mortgages receivable (Note 9)

2,825

11,542

Goodwill and other intangible assets (Note 12)

1,298,144

—

Other long-term assets

37,254

54,205

2,651,740

1,121,933

TOTAL ASSETS

$

4,131,753

$

2,639,019

CURRENT LIABILITIES

Bank indebtedness

$

45,000

$

—

Accounts payable and accrued charges

260,277

236,171

Accrued payroll and related liabilities

80,664

49,031

Income and other taxes payable

—

41,073

Current portion of long-term debt (Note 11)

33,379

4,114

Other current liabilities

13,266

5,404

432,586

335,793

LONG-TERM LIABILITIES

Long-term debt (Note 11)

879,675

313,053

Other long-term liabilities

25,311

12,983

Pension liability (Note 10)

43,328

44,584

Deferred income taxes (Note 7)

491,052

191,973

1,439,366

562,593

SHAREHOLDERS’ EQUITY

Common shares (Note 14)

414,934

419,272

Contributed surplus

25,031

15,548

Retained earnings (Note 17)

1,875,067

1,341,659

Accumulated other comprehensive loss (Note 18)

(55,231

)

(35,846

)

2,259,801

1,740,633

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$

4,131,753

$

2,639,019

Commitments and contingencies (Notes 21 & 24)