Skip to ContentSkip to Footer

FOR THE YEAR ENDED DECEMBER 31

2016 Q2 Consolidated Financial Results
(in thousands of dollars) 2016 2015
  Retained
earnings
Accumulated
other
comprehensive
income
Total
equity
Retained
earnings
Accumulated
other
comprehensive
income
Total
equity
Balance,
beginning of
the year
$ 1,762,205 $ 16,780 $ 1,778,985 $ 1,581,814 $ 99,320 $ 1,681,134
Net (loss) income   (20,274)     (20,274)   175,954     175,954
Other
comprehensive
income (loss)
  2,6081   41,763   44,371   4,4371   (82,540)   (78,103)
Total
comprehensive
income
  (17,666)   41,763   24,097   180,391   (82,540)   97,851
Balance, end of
the year
$ 1,744,539 $ 58,5432 $ 1,803,082 $ 1,762,205 $ 16,7802 $ 1,778,985

1Actuarial gains for the defined benefit plan recognized in retained earnings (net of income tax expense of $117 (2015: $1,618).

2Included in accumulated other comprehensive income is $5,068 (2015: $5,868) related to the cumulative foreign exchange gain on investments in associates.

See accompanying notes.