Bahamas - FirstCaribbean International Bank

Consolidated Statement of Changes in Equity
For the year ended October 31, 2007
(expressed in thousands of Bahamian dollars)
Notes Share Retained Total
capital Reserves earnings equity
$ $ $ $
Balance at October 31, 2005 as previously reported 477,230 (59,949) 143,958 561,239
Prior period adjustment 2 — — 830 830
Balance at October 31, 2005 as restated 477,230 (59,949) 144,788 562,069
Net income for the year, as previously reported — — 110,672 110,672
Prior period adjustment 2, 29 — — (9,972) (9,972)
Net income for the year, as restated — — 100,700 100,700
Dividends 23 — — (66,119) (66,119)
Transfer to statutory reserve fund –
Turks & Caicos Islands 18 — 4,000 (4,000) —
Transfer to statutory loan loss reserve – Bahamas 18 — 14,661 (14,661) —
Revaluation reserve – available-for-sale investment securities
18 — 905 — 905
Revaluation reserve – cash flow hedges 18 — (817) — (817)
Balance at October 31, 2006 477,230 (41,200) 160,708 596,738
Net income for the year — — 109,860 109,860
Dividends 23 — — (56,499) (56,499)
Transfer to statutory reserve fund –
Turks & Caicos Islands 18 — 5,200 (5,200) —
Transfer to statutory loan loss reserve – Bahamas 18 — 1,834 (1,834) —
Revaluation reserve – available-for-sale investment securities 18 — (6,767) — (6,767)
Balance at October 31, 2007 477,230 (40,933) 207,035 643,332
See accompanying notes.
See Auditors’ Report Page 56.
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