Local governments, book value

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	Second quarter 2003	Third quarter 2003	Fourth quarter 2003	First quarter 2004	Second quarter 2004	Third quarter 2004	2002	2003
Millions of dollars, at quarter end
Total assets	271,752	276,240	279,258	282,590	286,025	288,359	266,920	279,258
Non-financial assets	217,438	220,696	223,799	225,990	228,571	232,149	213,234	223,799
Non-residential structures	166,685	169,101	171,398	172,908	174,748	177,362	163,805	171,398
Machinery and equipment	7,083	7,207	7,323	7,435	7,517	7,610	6,676	7,323
Land	43,670	44,388	45,078	45,647	46,306	47,177	42,753	45,078
Net financial assets	-8,344	-8,728	-9,370	-9,501	-9,793	-11,006	-9,983	-9,370
Financial assets	54,314	55,544	55,459	56,600	57,454	56,210	53,686	55,459
Currency and bank deposits	11,547	11,858	11,903	12,942	13,264	13,480	11,129	11,903
Other deposits	385	354	268	47	104	38	270	268
Foreign currency deposits	0	0	10	23	7	7	10	10
Trade receivables	2,555	2,525	2,525	2,370	2,400	2,370	2,525	2,525
Other loans	49	52	52	161	159	155	54	52
Canada short-term paper	744	844	466	329	539	775	493	466
Other short-term paper	5,080	6,515	5,296	4,810	5,245	5,143	3,746	5,296
Canada bonds	3,243	3,328	2,932	2,695	2,792	2,217	3,490	2,932
Provincial bonds	2,771	3,711	2,921	3,157	3,241	3,178	2,887	2,921
Municipal bonds	1,549	1,852	1,660	1,555	1,844	1,920	1,789	1,660
Other bonds	4,071	4,308	4,188	4,225	4,568	4,608	4,295	4,188
Government claims	2,269	2,496	2,437	2,766	2,771	2,774	2,347	2,437
Other financial assets	20,051	17,701	20,801	21,520	20,520	19,545	20,651	20,801
Liabilities and net worth	271,752	276,240	279,258	282,590	286,025	288,359	266,920	279,258
Liabilities	62,658	64,272	64,829	66,101	67,247	67,216	63,669	64,829
Trade payables	5,964	6,044	6,104	7,317	7,377	7,457	5,824	6,104
Bank loans	2,548	2,784	2,770	2,373	2,327	2,316	2,551	2,770
Other loans	3,422	3,436	3,418	3,685	3,691	3,691	3,469	3,418
Other short-term paper	193	99	110	164	108	108	60	110
Municipal bonds	34,972	35,350	35,018	35,221	36,258	36,633	36,353	35,018
Government claims	66	66	66	66	66	66	66	66
Other liabilities	15,493	16,493	17,343	17,275	17,420	16,945	15,346	17,343
Net worth	209,094	211,968	214,429	216,489	218,778	221,143	203,251	214,429

Second quarter 2003

Third quarter 2003

Fourth quarter 2003

First quarter 2004

Second quarter 2004

Third quarter 2004

2002

2003

Millions of dollars, at quarter end

Total assets

271,752

276,240

279,258

282,590

286,025

288,359

266,920

279,258

Non-financial assets

217,438

220,696

223,799

225,990

228,571

232,149

213,234

223,799

Non-residential structures

166,685

169,101

171,398

172,908

174,748

177,362

163,805

171,398

Machinery and equipment

7,083

7,207

7,323

7,435

7,517

7,610

6,676

7,323

Land

43,670

44,388

45,078

45,647

46,306

47,177

42,753

45,078

Net financial assets

-8,344

-8,728

-9,370

-9,501

-9,793

-11,006

-9,983

-9,370

Financial assets

54,314

55,544

55,459

56,600

57,454

56,210

53,686

55,459

Currency and bank deposits

11,547

11,858

11,903

12,942

13,264

13,480

11,129

11,903

Other deposits

385

354

268

104

270

268

Foreign currency deposits

Trade receivables

2,555

2,525

2,370

2,400

2,370

2,525

Other loans

161

159

155

Canada short-term paper

744

844

466

329

539

775

493

466

Other short-term paper

5,080

6,515

5,296

4,810

5,245

5,143

3,746

5,296

Canada bonds

3,243

3,328

2,932

2,695

2,792

2,217

3,490

2,932

Provincial bonds

2,771

3,711

2,921

3,157

3,241

3,178

2,887

2,921

Municipal bonds

1,549

1,852

1,660

1,555

1,844

1,920

1,789

1,660

Other bonds

4,071

4,308

4,188

4,225

4,568

4,608

4,295

4,188

Government claims

2,269

2,496

2,437

2,766

2,771

2,774

2,347

2,437

Other financial assets

20,051

17,701

20,801

21,520

20,520

19,545

20,651

20,801

Liabilities and net worth

271,752

276,240

279,258

282,590

286,025

288,359

266,920

279,258

Liabilities

62,658

64,272

64,829

66,101

67,247

67,216

63,669

64,829

Trade payables

5,964

6,044

6,104

7,317

7,377

7,457

5,824

6,104

Bank loans

2,548

2,784

2,770

2,373

2,327

2,316

2,551

2,770

Other loans

3,422

3,436

3,418

3,685

3,691

3,469

3,418

Other short-term paper

193

110

164

108

110

Municipal bonds

34,972

35,350

35,018

35,221

36,258

36,633

36,353

35,018

Government claims

Other liabilities

15,493

16,493

17,343

17,275

17,420

16,945

15,346

17,343

Net worth

209,094

211,968

214,429

216,489

218,778

221,143

203,251

214,429