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## CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY 

## Equity attributable to shareholders of Capstone 

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(1) Share capital includes common and preferred shares and Class B exchangeableunits. 

(2) Other equity items include the equity portion of convertible debentures, as well as, the warrant and share option reserves. 

(3) Accumulated other comprehensive income (loss) (“AOCI”). 

(4) Non-controlling interest (“NCI”). See note 22. 

(5) Shares issued are net of $224 transaction costs (2012 - $89). 

(6) Capstone issued 302 replacement options and 1,357 replacement warrants with a fair values of $85and $Nil respectively at thetime of ReD acquisition. 

(7) Dividends declared to preferred shareholders of Capstone include $173 of deferred income taxes (2012 - $200). 

See accompanying notes to these consolidated financial statements 

