contents profile 2 group organization chart 3 directors report to shareholders 4 management s discussion and analysis of operating results 8 financial statements 97 notes 100 auditors 129 five year statistics 130 officers board 131 si vous préférez recevoir ce rapport annuel en français veuillez adresser au secrétaire power corporation du canada 751 square victoria montréal québec h2y 2j3 ou bureau 2600 richardson building 1 lombard place winnipeg manitoba r3b 0x5 highlights for the years ended december 31 in millions dollars except per share amounts 2004 2003 total revenue 24 323 15 747 net earnings 949 268 participating 08 76 07 79 dividends paid 0 5531 4688 consolidated assets 105 940 107 199 under administration 258 246 243 572 equity 6 602 042 book value 13 61 12 41 shares outstanding 444 9 442 7 uses as a performance measure analysing its
