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Retained Earnings Statement of Retained Earnings	91 --------------------------------------------------------------------- --------------------------------------------------------------------- Consolidated Statements of Retained Earnings (Deficit) --------------------------------------------------------------------- --------------------------------------------------------------------- (unaudited) Three months ended Twelve months ended Dec. Brascade Corporation Announces 2005 Fourth Quarter Results by Business Wire 7 _________________________________________________________________________ _________________________________________________________________________ Consolidated Statements of Retained Earnings (Unaudited) three months ended June 30 (amounts in millions of Canadian dollars) 2004 2003 _________________________________________________________________________ Retained earnings at beginning of period 562. CAE reports first-quarter results by PR Newswire 3 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Consolidated Statements of Retained Earnings three months ended June 30 (unaudited) (amounts in millions of Canadian dollars) 2003 2002 ------------------------------------------------------------------------- Retained earnings at beginning of period $ 531. CAE reports first-quarter results; (NYSE: CGT; TSX: CAE) by PR Newswire	State Mint state rule State Tax-Exempt Income Fund State Unemployment Compensation Stated Annual Interest Rate Stated Assets Stated Capital Stated conversion price Stated Income Stated maturity Stated Value Statement Statement Analysis Statement Billing Statement of Additional Information Statement of Auditing Standards statement of cash flows Statement of condition Statement of Financial Accounting Standards No. 52 Statement of Financial Accounting Standards No. 8 statement of financial condition statement of financial position Statement of Retained Earnings Statement-of-Cash-Flows Method Statements Statements of Retained Earnings Static theory of capital structure Stationary Time Series Statism Statist Statistical Arbitrage Statistical inference Statistical Office of the European Community Statistical Tracking Error statute Statute of Frauds statute of limitations statute of repose Statute of Uses Statuten Statutory Accounting Principles Statutory Debt Limit statutory dedication Statutory Employee statutory foreclosure Statutory Investment statutory lien Statutory Merger statutory right of redemption Statutory Surplus Statutory Voting	Statements Statements Statements Statements Statements of Account Statements of Account Statements of Accounting Concepts Statements of Additional Advice Statements of Additional Information Statements of Administration Policy Statements of auditing standards Statements of case Statements of Cash Flow Statements of Cash Receipts and Disbursements Statements of Changes in Net Position statements of claim statements of claim statements of claim statements of claim statements of claim Statements of Clinical Need Statements of Federal Financial Accounting Concepts Statements of Financial Accounting Concepts Statements of Income Statements of Income Statements of Marketing Practice Statements of Operations Statements of Operations Statements of Operations Statements of Opinion Statements of Retained Earnings Statements on Administration Policy Statements on Auditing Standards statements on behalf of the defense Statements on Quality Control Standards Statements on Standards for Accounting and Review Services Statements on Standards for Tax Services statements that describe Statemonger statemongers Staten Staten Staten Island Staten Island Staten Island Staten Island (NY) Staten Island (NY) Staten Island AIDS Task Force Staten Island Athletic Club Staten Island Bicycling and Running Association Staten Island Bicycling Association Staten Island Bikers Association Staten Island Board of Realtors Staten Island Boat Sales Staten Island Borough President Staten Island Botanical Garden Staten Island Bridges Staten Island Bridges Staten Island Buddhist Vihara Staten Island Citizens for Clean Air

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Retained Earnings
Statement of Retained Earnings

91 --------------------------------------------------------------------- --------------------------------------------------------------------- Consolidated Statements of Retained Earnings (Deficit) --------------------------------------------------------------------- --------------------------------------------------------------------- (unaudited) Three months ended Twelve months ended Dec.

Brascade Corporation Announces 2005 Fourth Quarter Results by Business Wire

7 _________________________________________________________________________ _________________________________________________________________________ Consolidated Statements of Retained Earnings (Unaudited) three months ended June 30 (amounts in millions of Canadian dollars) 2004 2003 _________________________________________________________________________ Retained earnings at beginning of period 562.

CAE reports first-quarter results by PR Newswire

3 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Consolidated Statements of Retained Earnings three months ended June 30 (unaudited) (amounts in millions of Canadian dollars) 2003 2002 ------------------------------------------------------------------------- Retained earnings at beginning of period $ 531.

CAE reports first-quarter results; (NYSE: CGT; TSX: CAE) by PR Newswire

State Mint

state rule

State Tax-Exempt Income Fund

State Unemployment Compensation

Stated Annual Interest Rate

Stated Assets

Stated Capital

Stated conversion price

Stated Income

Stated maturity

Stated Value