Participating shareholders' equity
Book value per participating share represents Power Corporation’s participating shareholders’ equity divided by the number of participating shares outstanding at the end of the reporting period. Participating shareholders’ equity is calculated as the total assets of the combined Power Corporation and Power Financial holding company, including investments in subsidiaries presented using the equity method, less their net debt and preferred shares.
|
AS AT |
|
|
|
|
Publicly |
Lifeco |
15,624 |
15,326 |
|
IGM |
3,784 |
3,702 |
|
|
GBL |
3,780 |
3,717 |
|
|
23,188 |
22,745 |
||
|
Alternative |
Sagard |
839 |
829 |
|
Power Sustainable(1) |
531 |
1,032 |
|
|
1,370 |
1,861 |
||
|
Other |
Standalone businesses |
613 |
641 |
|
Other assets and investments(1) |
404 |
391 |
|
|
Cash and cash equivalents(1) |
1,577 |
1,218 |
|
|
2,594 |
2,250 |
||
|
Total assets, holding company |
27,152 |
26,856 |
|
|
Liabilities and preferred shares, holding company |
(5,678) |
(5,663) |
|
|
Participating shareholders’ equity |
21,474 |
21,193 |
|
|
Shares outstanding (in millions) |
650.0 |
652.2 |
|
|
Book value per participating share |
33.04 |
32.49 |
|
(1) At March 31, 2024, the Corporation's investments held within Power Sustainable China have been included, according to their nature, within cash and cash equivalents or other assets and investments as a result of the wind-down of the strategy.