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Annual Report 2010-2011
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Section 351 Historical Analysis

BMO Financial Group
189th Annual Report 2006, Management's Discussion and Analysis

Scroll to page 23 “Our Financial Targets” and pages 45, 47, 50, 53, and 55 “2006 Objectives and Achievements”.

In the spirit of continuous disclosure, BMO restates its original financial targets and links actual 2006 performance to those targets. Page 23 conveys this information, at the corporate level, in an effective report card format. The bank also tracks the achievements of its individual operating groups in sections titled “2006 Objectives and Achievements”.

 


Catalyst Paper Corp.
2006 Annual Report, Management's Discussion and Analysis

Scroll to page 16 “Strategic Initiatives”.

A chart on page 16 reports year-over-year performance in such areas as grade development, product optimization, and cost reduction. The chart also benchmarks actual performance in 2006 to targeted performance.

 


MDS Inc.
2006 Annual Report, Management's Discussion and Analysis

Scroll to page 6 “Fiscal 2006 Guidance Report”.

The MD&A provides an internal benchmarking analysis against previously established targets. In particular, a table on page 6 compares actual revenue growth, expense reductions, profitability improvements, and capital expenditures to the company’s original guidance for 2006.

 


 

Stantec Inc.
2006 Annual Report, Management's Discussion and Analysis

Scroll to page M-9 “Highlights for 2006”.

A table on page M-9 offers a direct link to prior disclosure. In particular, management compares the results achieved during 2006 to targeted values. The table examines performance along six dimensions.

 


 

TELUS Corporation
2006 Business Review, Management's Discussion and Analysis

Scroll to page 15 “Performance Scorecard for 2006 Results”.

This section includes a table titled “Performance to 2006 targets and 2007 targets”, which compares consolidated and segmented results to previously established goals. The report card format is simple yet effective.