Equitable Group Inc. (ETC) 2011年年度报告「TSX」.pdf

1、GROWING WITH YOUANNUALREPORT20112EquitableGroupInc.AnnualReport2011Borrowers-2MortgageBrokers-4BusinessPartners-6Depositorsanddepositagents-8Employees-10Community-12Shareholders-14LettertoShareholders-16ManagementsDiscussionandAnalysis-18ManagementsResponsibilityforFinancialReporting-55IndependentAu

2、ditorsReport-56ConsolidatedFinancialStatements-57NotestoConsolidatedFinancialStatements-62BoardofDirectorsandOfficers-101ShareholderandCorporateInformation-101CORPORATE PROFILEEquitable Groups core business is first charge mortgage financing,which we offer through our wholly owned subsidiary,TheEqui

3、table Trust Company.Founded in 1970,Equitable Trust is a federally incorporated trust company and a leading niche lenderserving single family and commercial borrowers and their mortgage advisors across Canada.We also provide GuaranteedInvestment Certificates for the investing public.Equitable Groups

4、 shares are traded on the Toronto Stock Exchange under thesymbols ETC and ETC.PR.A respectively.Visit us on line at and click on Investor Relations.2EquitableGroupInc.AnnualReport2011The self-employed are a growing force in our economy as arenewcomers to Canada.According to Industry Canada,almost 2.

5、7million of us are self-employed,a figure that grew about 12percent during the past decade.As well,hundreds of thousandsof people come to our country annually seeking a better life.Ifyou are one of these people,Equitable is for you.At Equitable,we understand the challenges the self-employedand recen

6、tly arrived residents face when trying to establish credit.Over the years,we have developed proven lending programs thatenable business-for-self individuals and those new to Canada toenjoy the pride of ownership that comes with acquiring their firstCanadian home or commercial property or both.In fac