20  2011 Annual Report  Alaris Royalty Corp. Alaris Royalty Corp.  For the year ended December 31, 2010 Consolidated statement of changes in equity  Share Equity Fair Value Retain ed Total Notes Capital Warrants Reserve Reserve Ea rnings Equity Balance at January 1, 2010  $111,663,148  $845,000 $1,869,901 $9,766,188  $17,910,8 17 $142,055,054  Total comprehensive income for the year  Earnings for the period  - - - - 7,401,216 7,401,216 Other comprehensive income  - - - - - - Net change in fair value of available-for-sale  financial assets 5 - - - 14,381,679 - 14,381,679 Tax impact of change in fair value (1,797,710) (1,797,710) Total other comprehensive income  - - - 12,583,969 - 19,985,185 Total comprehensive income for the year  $- $- $- $12,583,969 $7,401,21 6 $19,985,185 Transactions with shareholders of the Company,  recognized directly in equity  Non-cash stock based compensation  10 $- $- $1,679,930 $- $- $1,679,930 Warrants exercised in the period 8 4,488,000 - - - - 4,488,000 Fair value of warrants exercised in the period  8  439,694  (439,694)  -  -  -  -  Dividends to shareholders  8  -  - - - (12,628,4 87) (12,628,487) Payments in lieu of dividends on RSUs  10  -  -  -  -  (226,105)  (226,105)  Shares issued in lieu of dividends on RSUs  10  138,050  -  -  -  -  138,500  Shares issued after director RSU vesting  375,000  -  (375,000)  -  -  -  Shares issued in the period  42,568,500  -  -  -  -  42,568,500  Share issue costs, net of tax  (2,270,064) - - - (5,579) (2,275,643) Total transactions with Shareholders of the  Company  45,739,180  (439,694)  1,304,930  -  (12,860,1 71)  33,744,245  Balance at December 31, 2010  $157,402,328  $405,306  $3,174,831  $22,350,157  $12,451,8 62  $195,784,484 