For the Year Ended October 31 (Canadian $ in millions except per share amounts) 2002 2001 2000 Interest, Dividend and Fee Income Loans $ 7,017 $ 9,689 $ 10,404 Securities (Note 3) 1,616 2,419 2,854 Deposits with banks 502 892 1,045 9,135 13,000 14,303 Interest Expense Deposits 3,134 6,183 7,426 Subordinated debt 294 351 350 Other liabilities 878 1,967 2,323 4,306 8,501 10,099 Net Interest Income  4,829 4,499 4,204 Provision for credit losses 820 980 358 Net Interest Income After Provision for Credit Losses 4,009 3,519 3,846 Non-Interest Revenue Securities commissions and fees 813 742 859 Deposit and payment service charges 732 670 646 Trading revenues 209 490 388 Lending fees 306 352 322 Card fees 260 204 216 Investment management and custodial fees 314 336 373 Mutual fund revenues 309 251 232 Securitization revenues (Note 6) 329 331 343 Underwriting and advisory fees 228 234 210 Investment securities gains (losses) (Note 3) (146) 123 183 Foreign exchange, other than trading 151 127 146 Insurance income 105 125 96 Other revenues  314 237 312 3,924 4,222 4,326 Net Interest Income and Non-Interest Revenue 7,933 7,741 8,172 Non-Interest Expense Employee compensation (Note 16) 3,403 3,212 3,065 Premises and equipment (Note 8) 1,280 1,153 1,071 Communications 173 194 259 Other expenses 1,087 1,069 883 5,943 5,628 5,278 Amortization of intangible assets (Note 9) 87 43 23 6,030 5,671 5,301 Restructuring charge (Note 17) — — (43) Total Non-Interest Expense 6,030 5,671 5,258 Income Before Provision for Income Taxes, Non-Controlling Interest in Su bsidiaries and Goodwill Amortization 1,903 2,070 2,914 Income taxes (Note 18) 424 501 989 1,479 1,569 1,925 Non-controlling interest in subsidiaries 62 42 19 Net Income Before Goodwill Amortization 1,417 1,527 1,906 Amortization of goodwill, net of applicable income tax (Notes 9 & 18) — 56 49 Net Income $ 1,417 $ 1,471 $ 1,857 Preferred dividends $ 79 $ 80 $ 101 Net income before goodwill amortization available to common shareholders $ 1,338 $ 1,447 $ 1,805 Net income available to common shareholders $ 1,338 $ 1,391 $ 1,756 Average common shares outstanding (in thousands) 490,816 511,286 531,318 Earnings Per Share Before Goodwill Amortization  (Note 19) Basic $ 2.73 $ 2.83 $ 3.40 Diluted 2.68 2.77 3.34 Earnings Per Share (Note 19) Basic 2.73 2.72 3.30 Diluted 2.68 2.66 3.25 Dividends Declared Per Common Share 1.20 1.12 1.00 The accompanying notes to consolidated financial statements are an integral part of this statement. Certain comparative figures have been reclassified to conform with the current yearGLYPH<213>s presentation. The earnings per share calculations for the year ended October 31, 2000 have been restated to  reflect the stock dividend declared on March 1, 2001 of one common share of no value, for each  common share. BMO FINANCIAL GROUP ANNUAL REPORT 2002 69 CONSOLIDATED STATEMENT O F INCOME