2004

CURRENT ASSETS

Cash and cash equivalents

$

355,077

Accounts receivable

Trade, less allowances

325,246

Other, including current portion of mortgages receivable

13,344

Inventories

434,526

Prepaid expenses

8,212

Future income taxes

45,212

1,181,617

NON-CURRENT ASSETS

Capital assets

1,075,512

Mortgages receivable

14,243

Deferred financing costs, less amortization

7,336

Deferred pension asset

16,181

1,113,272

TOTAL ASSETS

$

2,294,889

CURRENT LIABILITIES

Accounts payable and accrued charges

$

196,610

Accrued payroll and related liabilities

39,130

Income taxes payable

90,656

Current portion of long-term debt

14,286

Other current liabilities

4,168

344,850

LONG-TERM LIABILITIES

Long-term debt

393,053

Future income taxes

167,348

560,401

SHAREHOLDERS’ EQUITY

Common shares

384,093

Contributed surplus

1,489

Retained earnings

923,530

Cumulative translation adjustment

80,526

1,389,638

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$

2,294,889