Participating shareholders' equity
Book value per participating share represents Power Corporation’s participating shareholders’ equity divided by the number of participating shares outstanding at the end of the reporting period. Participating shareholders’ equity is calculated as the total assets of the combined Power Corporation and Power Financial holding company, including investments in subsidiaries presented using the equity method, less their net debt and preferred shares.
|
AS AT |
|
|
|
|
Publicly |
Great West |
17,287 |
17,237 |
|
IGM |
4,389 |
4,337 |
|
|
GBL |
3,079 |
3,291 |
|
|
24,755 |
24,865 |
||
|
Alternative |
Sagard(1) |
|
|
|
Asset management companies, investment funds and other |
1,497 | 1,230 | |
|
Wealthsimple(2) |
112 | 116 | |
|
Power Sustainable |
197 |
179 |
|
|
1,806 |
1,525 |
||
|
Other |
Cash and cash equivalents |
2,114 |
2,232 |
|
Other assets and investments(1) |
819 |
887 |
|
|
2,933 |
3,119 |
||
|
Total assets, holding company |
29,494 |
29,509 |
|
|
Liabilities and preferred shares, holding company |
(6,413) |
(6,427) |
|
|
Participating shareholders’ equity |
23,081 |
23,082 |
|
|
Shares outstanding (in millions) |
632.1 |
635.7 |
|
|
Book value per participating share |
36.52 |
36.31 |
|
- Certain comparatives have been reclassified to conform with the current presentation.
- Consists of Power Financial’s direct and indirect investments in Wealthsimple, net of carried interest payable to Sagard on its investment in Wealthsimple. Excludes investment in Wealthsimple held by other entities within the Power group.