Consolidated Statements OF INCOME AND COMPREHENSIVE INCOME For the years ended December 31 2012 2011 [in thousands of Canadian dollars, except per share amounts] $ $ REVENUE Management fees   1,277,698   1,302,773 Administration fees   125,985   132,272 Redemption fees   27,388   28,629 Gain (loss) on sale of marketable securities   303  (489) Other income  [note 4]  26,368   33,108  1,457,742  1,496,293 EXPENSES Selling, general and administrative   286,009   290,776 Trailer fees  [note 14]  373,954   379,454 Investment dealer fees   98,263   103,753 Amortization of deferred sales commissions   163,100  164,431  Amortization of intangibles   2,437   2,386 Interest  [note 5]  24,937   27,496 Other  [note 4]  5,265   6,927  953,965   975,223 Income before income taxes  503,777  521,070 Provision for income taxes  [note 9] Current   134,092 131,420 Deferred   17,522 12,751  151,614  144,171 Net income for the year 352,163 376,899 Other comprehensive income (loss), net of tax Unrealized gain (loss) on available-for-sale fi nancial assets, net of income taxes of $287 [2011 – $(449)]  1,899  (2,656) Reversal of losses to net income on available-for-sale financial assets, net of income taxes of $19 [2011 – $125]  102  681 Total other comprehensive income (loss), net of tax  2,001  (1,975) Comprehensive income 354,164  374,924  Basic and diluted earnings per share [note 7(c)] $1.24  $1.31  (see accompanying notes)  50