Calculate the inventory turn over ratio for 2019 and 2018 and evaluate the result.
inventory ratio
Cogs/Average inventory
this is on canadian tire
Consolidated Balance Sheets Consolidated Statements of income 14 THE E CHI Gray ce 14 18 Change ME TE NIT THE TA 141 TU 3 SIR UR EN THE SU COM It CH TTTT u ! 20 RE Duh cant LO C Consolidated Statements of Cash Flows Consolidated Statements of Changes in Equity The . 18 GAR WIR + LAB US EDE Il 14 TH - TEM 715 0 WIE ML thu 15 14 Litle and inde Literang 1. The Company and its Operations Thaan PM. -crc ciEN d aarat is a Egy Cate1 - N al pathi and - - - - Property 3. Significant Accounting Policies Trade and other . Latest T oney Cas| - an Anants) The party and to Good re Cash We cover COS Www wysor dor & Operating Segments The GTART we w The Carte hu woon CE CFTCT wa Tal Goode Pay Cow who enerator Pro the new ouwen Fech Wwwmore weer GAM wwwwww ne po wwwwwww They doct det Culty Program . che de They en Loan New Service and dhe www www Share SO way how www.dgn Gerefore Centre OS 13. Property and Equipment 26. Share Capital . # 142 B WE IT 28. Revenue CE MI TH - RE TH TE BRE 30. Selling, General and Administrative Expenses 10 Seiredo www TH ERRE Dr. A II TE . BELE F 2011- The 2. Management's Discussion and Analysis Canadian Tire Corporation Limited Fourth Quarter and Fu Year 2019 Bagh the Cat Dw 20 Company and Industry Overview Cat CTS CCASCO 12 Carna TRUE y Cal Gary The He www.PH y egter wa hewwww Can wye Goyando CDC where you can North Care Carpentine and relating Me 2008 Won Form One Decoration of a com recept Chaty 6.42 Business Acquisition As part of growCarry you will Motore are only corded when the company name and more for OD 2010.C.debotos Puty Cay SIT Party Carron foto www.pro Esmaltes The colore shares Company recome sem Spy Chain Agong cand the bord word daty the Congo Denis ya wewe w Preto . 19 RE Conduct Products pracy CCCO the Canada the contacto www Event Risk En www Trend modo How to do www combating there were om de heroin www.me Two wand du com Commodity Price and Options The persona performance of Porte besteed by folution the commodity cost of The Wom propis pply and could conditions, composto pole.com te problematies option costs and is in bronne purchase angarts with regled grine Wholesalers. Permohon cornering with real bindlighearn morbus Buch conector and carwasses Marker Obsolescence Risk Clothing and proposed to varying degrees to evercharging consumer fashion proces Sportcher and his though and positioningene moong demand forecasting and the selection on the product development process Man's Sporthel on a comprehensament of brandende various mes and partners with trong Sporty a bordinary management practices, Indigents with worst mange under downloadenin dengaged in tovy Mart's peofically gets connes durable everyday caus wear and to changing this portrenghi prend son and we gry spot chaton source and construction industry Global Sourcing Risk Stroother relateretional CTC exposed to the suppliers which can include and locations rely of manufacturing om in Chain The companyies in third-party provides to prove countries bour practicesine course Condundation and portions Supply product vendors in the foreign sourcing regions. The company believes that business practices app to the Furthermoregarding the Company's pure to foreign currency provided in section 10.1 Consolidated Balance Sheets Asal December 28, 2019 December 29, 2018 ASSETS $ Cash and cash equivalent (Note 7) 205.55 4704 2017 183.7 Short-term investments 9383 $33.3 Trade and other receivables (Note 8) Loans receivable (Note 5.813.8 5,5113 Merchandisements 2.212.0 1.997.5 Income taxes coverable 33.2 15.3 Prepaid expenses and deposits 139.3 138.8 55 10.6 Asset classified as held for sale Total current assets Long-term receivables and other assets Note 103 BOTS 7428 Long-term investments 138,0 1527 Goodwill and intangible asset (Note 11) 2.414.3 2.272.0 Investment property (Note 12) 3891 3647 Property and equipment (Note 13) 42633 4.283 2 Right-of-use asets (Note 14) 1,6104 Deferred income taxes (Note 16 102 215.8 Totalanes 17.280.8 1 LIABILITIES Bank indebtedness (Note 7) 10.45 Depout (Note 17) 790.8 964.5 Trade and other payables (Note 16) 2,492.4 2.4250 Provisions (Note 191 190.2 171.8 Short-term borrowing (Note 21) 450.0 378.1 Loans (Note 22) 21.5 554.6 Current portion of lose faites 335.3 Income tax payable 72.6 110.6 Deportion of longem de Note 23) 553.6 Total currenties 5.7514 5.2582 Long-term provisions (ore 19) 61.1 49.8 Long-term di Note 231 3.730.2 4,000.3 Long-term deposit (Note 17) 1,653.4 1,506.7 Long-term sabes 1.671.0 Deferred income taxes (Note 16) 1384 Other long terminole 242 810.1 Total abilities 8723 14.013.8 11.871 EQUITY Share capital Note 20) 591.5 Contributed surplus 2.9 29 Accumulated other comprehensive flos) income (1299) 51.1 3.7207 Equity table to shareholders of Canadian Tire Corporation 4.190.0 4,3062 Non.com interest.151 1.3141 Totalcity 5.5942 5.415.0 Totals and equity CHEN 17:20 The related notes for an integral part of these consolidated financial statements 1545 ehh Diana h Chant Maureen J. Sabia Decor Diana Chant Director Consolidated Balance Sheets December 28, 2019 December 29, 2018 $ 205.5 $ 201.7 938.3 5.813.8 2.212.9 33.2 139.3 10.6 4704 183.7 9333 5,511.3 1.9975 153 138.8 55 9.255.8 7426 152.7 2.272.0 3647 4.283.2 As a ICS ASSETS Cash and cash equivalents (Note 7) Short-term investment Trade and other receivables (Note 8 Loans receivable (Noun) Merchandise inventions Income taxe recoverable Prepaid expenses and deposits Assassid on held for sale Total current Long-term receivables and other Note 10 Long-term investments Gootwil and intangible assets (Note 11) Investment property (Note 12) Property and equipment (13) Right-of-se asset (Note 14) Deferred come taxes (Noto 16) Totale LIABILITIES Bank indebtedness (7) Deposts (Note 17) Trade and other payables (Note 18) Provisions (Note 199 Short-term borrowing Note 21) Loans (22) Current portion of asla income taxes payable Cum portiotong em debe 231 Total current at Long term provisions Note 10) Long-term deb Note 23) Long term deposits Note 17) Long termes Deted income taxe None 10) 807.8 1309 2,4143 389.1 4,2833 1,610.4 319.2 2158 1720 964.5 2.4250 171.8 378.1 6546 1 10.45 790.8 2.492.4 190.2 450.0 $21.5 3353 72.6 7012 5.7514 61.1 3,730.2 1,633.4 1,871.0 136.4 810.1 140136 1106 5.2502 49.8 4.000 3 1.5067 184.5 11 TL 5915 2.9 51.1 EQUITY Share capace 20) Contributed whe Ached the companive income Egy to shareholders of Canadian Tire Corporation on see 151 Taulut Toate and it WERS The red notes for an integral part of these consolidated financial statements 588.0 29 12.31 2720 4.1908 12141 1.504.7 4362 1.0132 17:20 Maureen. Sabia Director Diana h chant Diana L. Chant Director Consolidated Statements of Income For the years ended { in millions, except share and per share amounts) December 28, 2010 December 29, 2018 Revenue (Note 28) 5 14.534.45 14.08. Cost of producing revenue Note 20) 0.00 9,3414 Gross margin 4.733 4,7113 Other income) 113.41 (260) Selling general and administrative expenses (Note 30 3.437.5 3.4676 Ne finance costs (Note 31) 2003 151.5 Change in for value of redeemable francia instrument (30) 500 Income before income taxes 1,1829 1.000 2 Income taxes (Note 16) + 2000 2052 Net Income 3 894 S 30 Net income table to: Shareholders of Canadian Tre Corporation $ 78.45 601 Non-controlling interests Note 15) 1164 300 5 4. 750.0 $ 1269S Basic earnings per share 1087 Diluted earnings per share 10.64 Weighted average number of Common and Class A Non-Voting Shares outstanding Baske 81.794.55 4.387.724 Diluted 61 101.40 6.02.01 CS The related notes for an integral part of these consolidated financial statements Consolidated Statements of Cash Flows December 21, 2019 December 29, 2018 0948 783.0 5467 238.1 2663 110.0 301.4 2852 151.5 For the year ended (C$ in million) Cash used for generated from Operating activities Not income Adjustments for Depreciation of property and equipment, Investment property assets held for sale and right of at Noli 20 ) Income tax expense Note 16) Nel francesos (Note 31) Amortation of angible (No 30) Ganon disposal of property and equipment Wivestment property held for sale and house Change in far value of redeemable financial instrument Note 38) Total casted below Interest paid Interest received Income pad Change in ons Change in coering woning capital and other Cashmered from operating sites Investing as Addition to property and equipment and investment property An intangibles 25.8) 2,0814 (297.31 273 (3479) ZTO.4) (105.5 1.0076 (23.0 50.0 1.6743 (1485 10.1 2016 1491.59 3074 (05.2) (1786) 10130 416) (1295) 5463) (203) 208.3 Action of short term investments Proceeds from many addition of shortene Pondon of property denne property and held for ale Business combine of cond36) La part to face principal portion (2973) 20.2 (1773) 249 (29) 02.0) 2. 11.30 Pancing Didende Dwblon paid to non-congress 005 . 21 Racement of bone Rape and 2) predal porto 14540 Popolo CTREIT 15 1713 5003 33 09 02180) 14 3 1. 101 600 c. Thereforme part of the conted financialment AST Consolidated Statements of Changes in Equity than Com o caming cinio Dec, 01 pred Trust FRS12 WS 23 1200 GAR LE C. MELLO GA T4ZKIE LA 14 114 TE Osve 1 | . F 14 ! 1 . 123 Trans how to Coldwethers Canadian Cerpen A Ving Shows Repu sau A l vo Arne oran Band purchase price rage to Duterte Contributore Garono controlling STRET dancing IIIII III 2004 III Dedules SANT 193 OS UMS TR15 mu MUT TFS24. 2.2 TEET The - Car WIN !! 1 BI FIGE The notes oma legw part of the condic 13. Property and Equipment The following table presents changes in the cost and the accumulated depreciation and impairment on the Company's property and equipment: 2019 Fixtures and Leasehold Assets under Construction equipment Improvements finance lease in progress Total Land Buildings $971.8 $ 3.390.1 199.6 5 (1996) 1.535.15 16.8) 1,528.3 152.8 1,319.45 163.1) 1.256,3 66.4 165.6 $ 7.581.6 (269.5 165.6 7,312.1 (750) 367.6 9718 113.6 3.390.1 1098 9.3 (400) 11 10.4 (4.0) is in milions) Cou Balance, previously reported IFRS 16 ansition adatments Balance, beginning of you Additions Additionated to business combination Disposals retirements Currency translation adjustment Reclassifications and transfers Balans, and of you Accumulated depreciation and Impairment Balance, as previously reported IFRS 16 Transition ajustments Balance beginning of year Depreciation for the you Impairment Reversal of impairmentes Departments Redaction and for Balance, and you Netering med of you 11.1 (22.1) 10.3) 172.81 1.238.6 S 20.4 166.59 (0.3) 1.6 118.0 $ 7,634.9 21.4 (30.71 $ 1.0543 1 47.7 3.543.63 30.0 1,680.4 5 (5833) S (1415) 1433 (5833) 165.21 $ (70) S (1.6525) 5 1911) 3.1 (7.0) (1,652.51 (996, 7) 184.8) (1275) (1.60 0.2 32 39.0 41 17.015 (1.726.01 1993.0 $ 1,043 1.817.68 66145 Blogi - 53.238.4 1469 (3.151.5) 277.57 (1.0) 0.2 643 15 S3510 180 $ 4,2033 22.1 0.48 (619.6) 5 619.08 Fund Land Cinsi Com Buildings Leasehold Ander Construction provenance In progres For 3.11.2002 3 08.1 1600.55 151 13701 2185 1.0 1014 7.0016 3100 Monroe 0 0 40 - Canon 1104 1.7 10.09 130 26650 10.00 143 16.15 03) (4) 3104 10065 02 10 10 Acord and Baby Depreconfort . . 11.035 1111 0207 - 10:40 1140 (10.08 04 A in 1TB 004 LE The Companyated bonowing costs of $5.0 on 2016 - 35.8 mondesign property anderender construction Thered to determine the amount of towing costs capitale during 26. Share Capital 2019 2018 Share capital consists of the following: (C$ in millions) Authorized 3,423,366 Common Shares 100,000,000 Class A Non-Voting Shares Issued 3.423.366 Common Shares 2018 - 3,423,366) 58,096,968 Class A Non-Voting Shares (2018 - 59.478,460) 02 $ 5878 5350 02 5913 5915 5 28. Revenue Revenue by reportable operating segment is as follows: 2019 2018 Financial Ads Financial AG Csinos) Retail CT REIT Services ments Total Real CT RET Service To Sale of goods $12.703 5 $12.7053 $12,000 $ -5123030 Interest income on loans Povable 1.113.4 18:5) 1.123.4 188 Royalties and conces 55.4 154 57.1 571 Services rendered 104 1780 1950 15.7 389 2046 Rental income 401.5 51.6 400) 4100 40.4 ST3,205.8 516 5 1,291.4 5 12.7) 514,5344 $12.00463 46.4 3 1216.15 4 $140587 Certain prepreden year 205 30. Selling, General and Administrative Expenses 2018 2015 417.6 Soling. general and administrative expenses consist of the following: ICs in milions Personnel expenses Occupancy Marketing and advertising Depregation of property and equipment, investment property and shelton Eggiasn gia che nan Motion of nangible Information system 175 Su 77 ASS 2.0 Company and Industry Overview Canadian Tire Corporation Limited, (TSX: CTCA) (TSX: CTC), is a family of businesses that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Finding Automotive and Seasonal & Gardening divisions. PartSource, Gas+ and Party City are key parts of the Canadian Tire network. The Retail segment also includes Mark's a leading source for casual and industrial wear, Pro Hockey Life, a hockey specialty store catering to eite players and SportChek, Hockey Experts, Sports Experts, National Sports, Intersport and Atmosphere, which offer the best active wear brands. The approximately 1.746 retail and gasoline outlets are supported and strengthened by our Financial Services division and the tens of thousands of people employed across Canada and around the world by the Company and its Canadian Tire Associate Dealers ("Dealers"), franchisees and petroleum retailers. In addition, Canadian Tire Corporation owns and operates Helly Hansen, a leading global brand in sportswear and workwear based in Oslo, Norway. A description of the Company's business and select core capabilities can be found in the Company's 2019 Annual Information Form (2019 AIF"), including Section 2 "Description of the Business and on the Company's Corporate (https:corp.canadiantire ca/Englishhome/ Gefault.aspx) and investor Relations (https://corp.canadiantire.ca/English investors/default.aspx) websites 6.4.2 Business Acquisition As part of its growth strategy, the Company actively pursues acquisition candidates that strategically fit with its retail busine. Major acquisitions are only considered where the Company expects to strengthen its market position and create long-term value for shareholders On October 1, 2019, the Company acquired the brand, store network, leaseholds, and fixed ass of Party City for 5178.0 million. Party Clyis a leading, one-stop shopping destination for party supplies, and an expert in seasonal and micro-seasonal celebrations, with 65 Canadian retai stoves in seven provinces The fair valon of identifiable assets acquired and liabilities astumed as at the acquisition date are as follows Cs in min) Cash and the 0.7 Merchandises Prepaid expenses and deposits 2.7 Infantiles Property den Bighof T. Tradi wapybos 103) 740 Totten 204 Lates Goodwil was recognized as a result of the acquisition as follow Toonerid TT Tobia 06) dood The goodwill reconquisitions attributable mainly to the expected are growth other anded ons and customer base. None of the good time is expected to be deducts for income tax purpose Consolidated Balance Sheets Consolidated Statements of income 14 THE E CHI Gray ce 14 18 Change ME TE NIT THE TA 141 TU 3 SIR UR EN THE SU COM It CH TTTT u ! 20 RE Duh cant LO C Consolidated Statements of Cash Flows Consolidated Statements of Changes in Equity The . 18 GAR WIR + LAB US EDE Il 14 TH - TEM 715 0 WIE ML thu 15 14 Litle and inde Literang 1. The Company and its Operations Thaan PM. -crc ciEN d aarat is a Egy Cate1 - N al pathi and - - - - Property 3. Significant Accounting Policies Trade and other . Latest T oney Cas| - an Anants) The party and to Good re Cash We cover COS Www wysor dor & Operating Segments The GTART we w The Carte hu woon CE CFTCT wa Tal Goode Pay Cow who enerator Pro the new ouwen Fech Wwwmore weer GAM wwwwww ne po wwwwwww They doct det Culty Program . che de They en Loan New Service and dhe www www Share SO way how www.dgn Gerefore Centre OS 13. Property and Equipment 26. Share Capital . # 142 B WE IT 28. Revenue CE MI TH - RE TH TE BRE 30. Selling, General and Administrative Expenses 10 Seiredo www TH ERRE Dr. A II TE . BELE F 2011- The 2. Management's Discussion and Analysis Canadian Tire Corporation Limited Fourth Quarter and Fu Year 2019 Bagh the Cat Dw 20 Company and Industry Overview Cat CTS CCASCO 12 Carna TRUE y Cal Gary The He www.PH y egter wa hewwww Can wye Goyando CDC where you can North Care Carpentine and relating Me 2008 Won Form One Decoration of a com recept Chaty 6.42 Business Acquisition As part of growCarry you will Motore are only corded when the company name and more for OD 2010.C.debotos Puty Cay SIT Party Carron foto www.pro Esmaltes The colore shares Company recome sem Spy Chain Agong cand the bord word daty the Congo Denis ya wewe w Preto . 19 RE Conduct Products pracy CCCO the Canada the contacto www Event Risk En www Trend modo How to do www combating there were om de heroin www.me Two wand du com Commodity Price and Options The persona performance of Porte besteed by folution the commodity cost of The Wom propis pply and could conditions, composto pole.com te problematies option costs and is in bronne purchase angarts with regled grine Wholesalers. Permohon cornering with real bindlighearn morbus Buch conector and carwasses Marker Obsolescence Risk Clothing and proposed to varying degrees to evercharging consumer fashion proces Sportcher and his though and positioningene moong demand forecasting and the selection on the product development process Man's Sporthel on a comprehensament of brandende various mes and partners with trong Sporty a bordinary management practices, Indigents with worst mange under downloadenin dengaged in tovy Mart's peofically gets connes durable everyday caus wear and to changing this portrenghi prend son and we gry spot chaton source and construction industry Global Sourcing Risk Stroother relateretional CTC exposed to the suppliers which can include and locations rely of manufacturing om in Chain The companyies in third-party provides to prove countries bour practicesine course Condundation and portions Supply product vendors in the foreign sourcing regions. The company believes that business practices app to the Furthermoregarding the Company's pure to foreign currency provided in section 10.1 Consolidated Balance Sheets Asal December 28, 2019 December 29, 2018 ASSETS $ Cash and cash equivalent (Note 7) 205.55 4704 2017 183.7 Short-term investments 9383 $33.3 Trade and other receivables (Note 8) Loans receivable (Note 5.813.8 5,5113 Merchandisements 2.212.0 1.997.5 Income taxes coverable 33.2 15.3 Prepaid expenses and deposits 139.3 138.8 55 10.6 Asset classified as held for sale Total current assets Long-term receivables and other assets Note 103 BOTS 7428 Long-term investments 138,0 1527 Goodwill and intangible asset (Note 11) 2.414.3 2.272.0 Investment property (Note 12) 3891 3647 Property and equipment (Note 13) 42633 4.283 2 Right-of-use asets (Note 14) 1,6104 Deferred income taxes (Note 16 102 215.8 Totalanes 17.280.8 1 LIABILITIES Bank indebtedness (Note 7) 10.45 Depout (Note 17) 790.8 964.5 Trade and other payables (Note 16) 2,492.4 2.4250 Provisions (Note 191 190.2 171.8 Short-term borrowing (Note 21) 450.0 378.1 Loans (Note 22) 21.5 554.6 Current portion of lose faites 335.3 Income tax payable 72.6 110.6 Deportion of longem de Note 23) 553.6 Total currenties 5.7514 5.2582 Long-term provisions (ore 19) 61.1 49.8 Long-term di Note 231 3.730.2 4,000.3 Long-term deposit (Note 17) 1,653.4 1,506.7 Long-term sabes 1.671.0 Deferred income taxes (Note 16) 1384 Other long terminole 242 810.1 Total abilities 8723 14.013.8 11.871 EQUITY Share capital Note 20) 591.5 Contributed surplus 2.9 29 Accumulated other comprehensive flos) income (1299) 51.1 3.7207 Equity table to shareholders of Canadian Tire Corporation 4.190.0 4,3062 Non.com interest.151 1.3141 Totalcity 5.5942 5.415.0 Totals and equity CHEN 17:20 The related notes for an integral part of these consolidated financial statements 1545 ehh Diana h Chant Maureen J. Sabia Decor Diana Chant Director Consolidated Balance Sheets December 28, 2019 December 29, 2018 $ 205.5 $ 201.7 938.3 5.813.8 2.212.9 33.2 139.3 10.6 4704 183.7 9333 5,511.3 1.9975 153 138.8 55 9.255.8 7426 152.7 2.272.0 3647 4.283.2 As a ICS ASSETS Cash and cash equivalents (Note 7) Short-term investment Trade and other receivables (Note 8 Loans receivable (Noun) Merchandise inventions Income taxe recoverable Prepaid expenses and deposits Assassid on held for sale Total current Long-term receivables and other Note 10 Long-term investments Gootwil and intangible assets (Note 11) Investment property (Note 12) Property and equipment (13) Right-of-se asset (Note 14) Deferred come taxes (Noto 16) Totale LIABILITIES Bank indebtedness (7) Deposts (Note 17) Trade and other payables (Note 18) Provisions (Note 199 Short-term borrowing Note 21) Loans (22) Current portion of asla income taxes payable Cum portiotong em debe 231 Total current at Long term provisions Note 10) Long-term deb Note 23) Long term deposits Note 17) Long termes Deted income taxe None 10) 807.8 1309 2,4143 389.1 4,2833 1,610.4 319.2 2158 1720 964.5 2.4250 171.8 378.1 6546 1 10.45 790.8 2.492.4 190.2 450.0 $21.5 3353 72.6 7012 5.7514 61.1 3,730.2 1,633.4 1,871.0 136.4 810.1 140136 1106 5.2502 49.8 4.000 3 1.5067 184.5 11 TL 5915 2.9 51.1 EQUITY Share capace 20) Contributed whe Ached the companive income Egy to shareholders of Canadian Tire Corporation on see 151 Taulut Toate and it WERS The red notes for an integral part of these consolidated financial statements 588.0 29 12.31 2720 4.1908 12141 1.504.7 4362 1.0132 17:20 Maureen. Sabia Director Diana h chant Diana L. Chant Director Consolidated Statements of Income For the years ended { in millions, except share and per share amounts) December 28, 2010 December 29, 2018 Revenue (Note 28) 5 14.534.45 14.08. Cost of producing revenue Note 20) 0.00 9,3414 Gross margin 4.733 4,7113 Other income) 113.41 (260) Selling general and administrative expenses (Note 30 3.437.5 3.4676 Ne finance costs (Note 31) 2003 151.5 Change in for value of redeemable francia instrument (30) 500 Income before income taxes 1,1829 1.000 2 Income taxes (Note 16) + 2000 2052 Net Income 3 894 S 30 Net income table to: Shareholders of Canadian Tre Corporation $ 78.45 601 Non-controlling interests Note 15) 1164 300 5 4. 750.0 $ 1269S Basic earnings per share 1087 Diluted earnings per share 10.64 Weighted average number of Common and Class A Non-Voting Shares outstanding Baske 81.794.55 4.387.724 Diluted 61 101.40 6.02.01 CS The related notes for an integral part of these consolidated financial statements Consolidated Statements of Cash Flows December 21, 2019 December 29, 2018 0948 783.0 5467 238.1 2663 110.0 301.4 2852 151.5 For the year ended (C$ in million) Cash used for generated from Operating activities Not income Adjustments for Depreciation of property and equipment, Investment property assets held for sale and right of at Noli 20 ) Income tax expense Note 16) Nel francesos (Note 31) Amortation of angible (No 30) Ganon disposal of property and equipment Wivestment property held for sale and house Change in far value of redeemable financial instrument Note 38) Total casted below Interest paid Interest received Income pad Change in ons Change in coering woning capital and other Cashmered from operating sites Investing as Addition to property and equipment and investment property An intangibles 25.8) 2,0814 (297.31 273 (3479) ZTO.4) (105.5 1.0076 (23.0 50.0 1.6743 (1485 10.1 2016 1491.59 3074 (05.2) (1786) 10130 416) (1295) 5463) (203) 208.3 Action of short term investments Proceeds from many addition of shortene Pondon of property denne property and held for ale Business combine of cond36) La part to face principal portion (2973) 20.2 (1773) 249 (29) 02.0) 2. 11.30 Pancing Didende Dwblon paid to non-congress 005 . 21 Racement of bone Rape and 2) predal porto 14540 Popolo CTREIT 15 1713 5003 33 09 02180) 14 3 1. 101 600 c. Thereforme part of the conted financialment AST Consolidated Statements of Changes in Equity than Com o caming cinio Dec, 01 pred Trust FRS12 WS 23 1200 GAR LE C. MELLO GA T4ZKIE LA 14 114 TE Osve 1 | . F 14 ! 1 . 123 Trans how to Coldwethers Canadian Cerpen A Ving Shows Repu sau A l vo Arne oran Band purchase price rage to Duterte Contributore Garono controlling STRET dancing IIIII III 2004 III Dedules SANT 193 OS UMS TR15 mu MUT TFS24. 2.2 TEET The - Car WIN !! 1 BI FIGE The notes oma legw part of the condic 13. Property and Equipment The following table presents changes in the cost and the accumulated depreciation and impairment on the Company's property and equipment: 2019 Fixtures and Leasehold Assets under Construction equipment Improvements finance lease in progress Total Land Buildings $971.8 $ 3.390.1 199.6 5 (1996) 1.535.15 16.8) 1,528.3 152.8 1,319.45 163.1) 1.256,3 66.4 165.6 $ 7.581.6 (269.5 165.6 7,312.1 (750) 367.6 9718 113.6 3.390.1 1098 9.3 (400) 11 10.4 (4.0) is in milions) Cou Balance, previously reported IFRS 16 ansition adatments Balance, beginning of you Additions Additionated to business combination Disposals retirements Currency translation adjustment Reclassifications and transfers Balans, and of you Accumulated depreciation and Impairment Balance, as previously reported IFRS 16 Transition ajustments Balance beginning of year Depreciation for the you Impairment Reversal of impairmentes Departments Redaction and for Balance, and you Netering med of you 11.1 (22.1) 10.3) 172.81 1.238.6 S 20.4 166.59 (0.3) 1.6 118.0 $ 7,634.9 21.4 (30.71 $ 1.0543 1 47.7 3.543.63 30.0 1,680.4 5 (5833) S (1415) 1433 (5833) 165.21 $ (70) S (1.6525) 5 1911) 3.1 (7.0) (1,652.51 (996, 7) 184.8) (1275) (1.60 0.2 32 39.0 41 17.015 (1.726.01 1993.0 $ 1,043 1.817.68 66145 Blogi - 53.238.4 1469 (3.151.5) 277.57 (1.0) 0.2 643 15 S3510 180 $ 4,2033 22.1 0.48 (619.6) 5 619.08 Fund Land Cinsi Com Buildings Leasehold Ander Construction provenance In progres For 3.11.2002 3 08.1 1600.55 151 13701 2185 1.0 1014 7.0016 3100 Monroe 0 0 40 - Canon 1104 1.7 10.09 130 26650 10.00 143 16.15 03) (4) 3104 10065 02 10 10 Acord and Baby Depreconfort . . 11.035 1111 0207 - 10:40 1140 (10.08 04 A in 1TB 004 LE The Companyated bonowing costs of $5.0 on 2016 - 35.8 mondesign property anderender construction Thered to determine the amount of towing costs capitale during 26. Share Capital 2019 2018 Share capital consists of the following: (C$ in millions) Authorized 3,423,366 Common Shares 100,000,000 Class A Non-Voting Shares Issued 3.423.366 Common Shares 2018 - 3,423,366) 58,096,968 Class A Non-Voting Shares (2018 - 59.478,460) 02 $ 5878 5350 02 5913 5915 5 28. Revenue Revenue by reportable operating segment is as follows: 2019 2018 Financial Ads Financial AG Csinos) Retail CT REIT Services ments Total Real CT RET Service To Sale of goods $12.703 5 $12.7053 $12,000 $ -5123030 Interest income on loans Povable 1.113.4 18:5) 1.123.4 188 Royalties and conces 55.4 154 57.1 571 Services rendered 104 1780 1950 15.7 389 2046 Rental income 401.5 51.6 400) 4100 40.4 ST3,205.8 516 5 1,291.4 5 12.7) 514,5344 $12.00463 46.4 3 1216.15 4 $140587 Certain prepreden year 205 30. Selling, General and Administrative Expenses 2018 2015 417.6 Soling. general and administrative expenses consist of the following: ICs in milions Personnel expenses Occupancy Marketing and advertising Depregation of property and equipment, investment property and shelton Eggiasn gia che nan Motion of nangible Information system 175 Su 77 ASS 2.0 Company and Industry Overview Canadian Tire Corporation Limited, (TSX: CTCA) (TSX: CTC), is a family of businesses that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Finding Automotive and Seasonal & Gardening divisions. PartSource, Gas+ and Party City are key parts of the Canadian Tire network. The Retail segment also includes Mark's a leading source for casual and industrial wear, Pro Hockey Life, a hockey specialty store catering to eite players and SportChek, Hockey Experts, Sports Experts, National Sports, Intersport and Atmosphere, which offer the best active wear brands. The approximately 1.746 retail and gasoline outlets are supported and strengthened by our Financial Services division and the tens of thousands of people employed across Canada and around the world by the Company and its Canadian Tire Associate Dealers ("Dealers"), franchisees and petroleum retailers. In addition, Canadian Tire Corporation owns and operates Helly Hansen, a leading global brand in sportswear and workwear based in Oslo, Norway. A description of the Company's business and select core capabilities can be found in the Company's 2019 Annual Information Form (2019 AIF"), including Section 2 "Description of the Business and on the Company's Corporate (https:corp.canadiantire ca/Englishhome/ Gefault.aspx) and investor Relations (https://corp.canadiantire.ca/English investors/default.aspx) websites 6.4.2 Business Acquisition As part of its growth strategy, the Company actively pursues acquisition candidates that strategically fit with its retail busine. Major acquisitions are only considered where the Company expects to strengthen its market position and create long-term value for shareholders On October 1, 2019, the Company acquired the brand, store network, leaseholds, and fixed ass of Party City for 5178.0 million. Party Clyis a leading, one-stop shopping destination for party supplies, and an expert in seasonal and micro-seasonal celebrations, with 65 Canadian retai stoves in seven provinces The fair valon of identifiable assets acquired and liabilities astumed as at the acquisition date are as follows Cs in min) Cash and the 0.7 Merchandises Prepaid expenses and deposits 2.7 Infantiles Property den Bighof T. Tradi wapybos 103) 740 Totten 204 Lates Goodwil was recognized as a result of the acquisition as follow Toonerid TT Tobia 06) dood The goodwill reconquisitions attributable mainly to the expected are growth other anded ons and customer base. None of the good time is expected to be deducts for income tax purpose
