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40 <br />SUbj4A t OF INTERIM RESULTS <br />The following is a summary of the consolidated income and expenses of the Bank <br />for the nine months ended July 31, 1986 and 1987. This sum►ary information has <br />not been examined by independent pnhlic accountants but reflects, in the opinion <br />of the management of the Bank, all adjustments necessary for a fair presentation <br />of the results of operations for such periods. The results of operations for <br />the nine months ended July 31, 1987 are not necessarily indicative of the <br />results which may be expected for the full 1987 fiscal year or any other interim <br />period. <br />All dollar amounts in the following table and crnumntary and under "Recent <br />Develqwmts" are in Canadian dollars: <br />Net Income (Loss) Applicable to cc== Shares <br />Nine Months ended <br />$ 283,723 <br />July <br />31 (1) <br />283,773 <br />— 1997 <br />1986 <br />($ in thousands except <br />$ 2.44 <br />per share amounts) <br />Before Special Provision .................. <br />$3,336,997 <br />$3,692,845 <br />Interest Income ................................. <br />2 099 151 <br />2,589,836 <br />Interest bcpense................................ <br />$ 0.63 <br />1,103,009 <br />Net Interest Income ................... .••••••• <br />,237,846 <br />2161936 <br />263,474 <br />Provision for Loin Losses .................. <br />Inane after Loan Loss Provision ••• <br />1,020,910 <br />839,535 <br />Net Interest <br />430 863 <br />327,603 <br />Other Inane.• ......•..•..•••••• <br />"""""' <br />1,45 <br />1167 138 <br />, <br />Net Interest and Otho: Income ................... <br />,713 <br />820,474 <br />733,642 <br />Non -Interest pcpenses........................... <br />433,496 <br />Net Incare Before Income Taxes..................63 <br />,299 <br />249,500 <br />135,000 <br />Provision for Inane Taxes ................. <br />Net Incare Before Special Provision (2) ......... <br />381,799 <br />298,496 <br />Special Provision (net of inane <br />475,000 <br />- <br />taxes of $415,000) ......................... <br />$ (93,201) <br />$ 298,496 <br />Net Income UDss) ............................... <br />Net Income (Loss) Applicable to cc== Shares <br />$ 359,494 <br />$ 283,723 <br />Before Special Provision ................ <br />( 115,506) <br />283,773 <br />After Special Provision ................... <br />Net Inane per Common Share <br />$ 2.44 <br />$ 2.05 <br />Before Special Provision .................. <br />( 0.78) <br />2.05 <br />After Special Provision ................... <br />Dividends per Carron Share ..................... <br />$ 0.63 <br />$ 0.63 <br />(1) See "Basis of Consolidation" under ,SWTnary of Significant Accounting <br />Policies" on page A-15. <br />(2) Special provision on trans -border claims on 34 countries designated by the <br />Superintendent of Financial Institutions. <br />A-7 <br />