Look at North West's statement of changes in equity (which it calls "statement of changes in shareholders' equity"). What were the balances in its share capital and retained earnings accounts at the end of 2016? At the end of 2015? ($ in thousands) January 31, 2016 January 31, 2015 Share capital $ $ Retained earnings $ $ Do these amounts agree to the same balances reported in the shareholders' equity section of the statement of financial position? Consolidated Statements of Changes in Shareholders' Equity ($ in thousands) Share Capital Contributed Surplus Retained Earnings AOCI(1) Total Balance at January 31, 2015 $ 167,460 $ 2,831 $ 140,527 $ 18,465 $329,283 Net earnings for the year 69,779 69,779 Other comprehensive income (Note 12) 4,583 11,953 16,536 Other comprehensive income of equity investee (15) (15) Comprehensive income 74,347 11,953 86,300 Equity settled share-based payments 124 124 Dividends (Note 19) (58,210) (58,210) Issuance of common shares (Note 15) 450 (335) 115 450 (211) (58,210) (57,971) Balance at January 31, 2016 $167,910 $ 2,620 $156,664 $ 30,418 $357,612 Balance at January 31, 2014 $ 166,069 $ 3,528 $ 145,762 $ 7,081 $ 322,440 Net earnings for the year 62,883 62,883 Other comprehensive income (Note 12) (11,968) 11,384 (584) Other comprehensive income of equity investee 30 30 Comprehensive income 50,945 11,384 62,329 Equity settled share-based payments 373 373 Dividends (Note 19) (56,180) (56,180) Issuance of common shares 1,391 (1,070) 321 1,391 (697) (56,180) (55,486) Balance at January 31, 2015 $ 167,460 $ 2,831 $ 140,527 $ 18,465 $329,283 (1) Accumulated Other Comprehensive Income Consolidated Statements of Cash Flows 44,026 ($ in thousands) Year Ended January 31, 2016 Year Ended January 31, 2015 CASH PROVIDED BY (USED IN) Operating activities Net earnings for the year $ 69,779 $ 62,883 Adjustments for: Amortization (Note 7, 8) 40,372 Provision for income taxes (Note 9) 31,332 27,910 Interest expense (Note 18) 6,210 6,673 Equity settled share option expense (Note 13) 386 373 Taxes paid (30,659) (32,881) Loss/(Gain) on disposal of property and equipment 350 (294) 121,424 105,036 Change in non-cash working capital 5,904 9,225 Change in other non-cash items 5,659 825 Cash from operating activities 132,987 115,086 Investing activities Purchase of property and equipment (Note 7) (63,179) (49,101) Intangible asset additions (Note 8) (12,804) (3,228) Proceeds from disposal of property and equipment 170 2,017 Cash used in investing activitie (75,813) (50,312) Financing activities Increase in long-term debt (Note 11) 13,081 78,572 Repayments of long-term debt (Note 11) (75,950) Dividends (Note 19) (58,210) (56,180) Interest paid (5,160) (5,713) Issuance of common shares 115 321 Cash used in financing activities (50,174) (58,950) Effect of changes in foreign exchange rates on cash 1,114 952 NET CHANGE IN CASH 8,114 6,776 Cash, beginning of year 29,129 22,353 CASH, END OF YEAR $ 37,243 $ 29,129
