Comment on the companys quality of earnings or earnings quality. For instance, is the companys cash generated from operating activities significantly different from net earnings? What does this indicate to you? In your opinion, is the earnings quality high or low? Support your conclusions on the companys quality of earnings.

CONSOLIDATED STATEMENTS OF INCOME See accompanying notes 31. CONSOLIDATED STATEMENTS OF CASH FLOWS (i) Funds flow from operations (iii) Non-cash transactions The Consolidated Statements of Cash Flows exclude the following non-cash transactions: Issuance of Class B Shares: 2021$2020$ Issuance of Class B Shares: Dividend reinvestment plan (note 20) CONSOLIDATED STATEMENTS OF CASH FLOWS See accompanying notes