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On September 6, 2013, Loblaw Companies Ltd. issued $800 million 3.748% bonds due in 2019 and $800 million 4.86% bonds due in 2023. The proceeds

On September 6, 2013, Loblaw Companies Ltd. issued $800 million 3.748% bonds due in 2019 and $800 million 4.86% bonds due in 2023. The proceeds of the bond issues were used to pay for the acquisition of Shoppers Drug Mart. As of March 22, 2014 (Q1) Loblaws still had $1billion of a bank credit facility that was undrawn (and originally associated with the Shoppers acquisition). You may add this to total debt.Note: do not adjust any items regarding interest expense including Choice Properties or securitization of credit card receivables, use the figures as provided on the statements.a)(5 marks) Using the Loblaw Companies' 2013 annual report, and the first quarter financial report (posted on Quercus) construct the Last Twelve Months (LTM) Consolidated Statement of Earnings to March 22, 2014.

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