FINANCIAL HIGHLIGHTS
2002
Net income available to common shareholders (1) ($ Millions)
2001
Change
$
Goodwill amortization(2) Adjusted net income
Diluted earnings per share (1)
Goodwill amortization(2) Adjusted diluted earnings per share
Dividends per share Return on equity
($ Millions)
491.1 – 491.1 1.854 – 1.854 0.860 19.2%
$
387.7 4.9 392.6 1.564 0.020 1.584 0.730 19.6%
26.7 % 25.1 18.5 17.0 17.8
Mutual funds Investors Group
Sales Net sales Assets under management
Mackenzie Financial Corporation (3)
$
4,915.8 (108.6) 37,588.1 5,998.0 288.1 30,860.1 68,448.2 27,546.4 4,937.6 6,938.1 709.0 2,578,173 9,486,030 3,324 3,285 107
$
6,027.0 1,030.6 41,644.0 3,453.8 23.7 33,399.6 75,043.6 24,374.5 4,104.5 7,659.2 671.2 2,624,614 9,488,293 3,409 3,650 102
(18.4) % (110.5) (9.7) N/M N/M (7.6) (8.8) 13.0 20.3 (9.4) 5.6 (1.8) % – (2.5) (10.0) 4.9
Sales Net sales Assets under management
Combined mutual fund assets under management Insurance in force (face amount) Securities operations assets under administration Mortgages serviced Deposits and certificates Clients Client accounts Consultants Employees Financial Planning Centres
(1) Net income and earnings per share for the year ended December 31, 2001 exclude a restructuring charge of $95.6 million ($56.0 million after-tax) taken in the second quarter and goodwill amortization related to the acquisition of Mackenzie Financial Corporation. (2) Represents goodwill amortization related to the Company’s investment in affiliate to reflect accounting standards now in effect. (See Note 1 of the consolidated financial statements). (3) Canadian operations only. 2001 results from acquisition date or as at December 31. Note: Certain comparative figures in this report have been restated to conform with current year presentation.
Client Assets under Management and Administration
As at December 31
($ Billions)
Net Income*
For the financial year
($ Millions)
Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)*
For the financial year
($ Millions)
100
500
1200
80
400
1000
800 60 300 600 40 200 400 20 100
200
0 98 99 00 01 02 Mackenzie
39.4 35.2
0 98 99 00 01 02
0 98 99 00 01
578
02
188 236 284 388 491
634 738 1043 1149
Investors Group
36.9 41.9 46.2 43.7 39.6
*Excluding Mackenzie goodwill amortization and restructuring costs in 2001
*Excluding restructuring costs in 2001