Nexen Inc. Consolidated Statement of Shareholders’ Equity

For the Three Years ended December 31, 2008

 

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Cdn$ millions

2008

2007

2006

1

Includes unrealized foreign currency translation adjustment.

Common Shares, Beginning of Year

917

821

732

Issue of Common Shares

41

32

32

Exercise of Tandem Options for Shares

23

24

16

Accrued Liability Relating to Tandem Options Exercised for Common Shares

22

40

41

Repurchased Under Normal Course Issuer Bid (Note 15b)

(22)

End of Year

981

917

821

 

 

 

 

Contributed Surplus, Beginning of Year

3

4

2

Stock-Based Compensation Expense

1

2

Exercise of Tandem Options

(1)

(2)

End of Year

2

3

4

 

 

 

 

Retained Earnings, Beginning of Year

4,983

3,972

3,423

Net Income

1,715

1,086

601

Dividends on Common Shares

(92)

(53)

(52)

Transition Adjustment on Adoption of
New Inventory Standard

(22)

Repurchase of Common Shares for Cancellation (Note 15b)

(316)

End of Year

6,290

4,983

3,972

 

 

 

 

Accumulated Other Comprehensive Loss, Beginning of Year

(293)

(161)

(161)

Opening Derivatives Designated as
Cash Flow Hedges

61

Other Comprehensive Income (Loss)

159

(193)

End of Year1

(134)

(293)

(161)