BOWATER INC - Quarterly Report (10-Q) STOCKHOLDERS EQUITY

BOWATER INCORPORATED
CONSOLIDATED STATEMENT OF CAPITAL ACCOUNTS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2005
(Unaudited, in millions of US dollars except per-share amounts)


															Accumulated
	Common					Additional Paid In						Unearned			Other Comprehensive
(In millions, except share amounts)	Stock		Exchangeable Shares			Capital			Retained Earnings			Compensation			Loss			Treasury Stock

Balance at December 31, 2004	$	67.4	$	69.7		$	1,618.3		$	266.5		$	(0.1	)	$	(28.6	)	$	(485.9	)

Net loss		—		—			—			(18.7	)		—			—			—

Retraction of Exchangeable Shares (31,913 shares of Common Stock issued and Exchangeable Shares retracted)		—		(1.6	)		1.6			—			—			—			—

Dividends on Common Stock ($0.60 per share)		—		—			—			(34.3	)		—			—			—

Foreign currency translation		—		—			—			—			—			2.3			—

Stock options exercised (69,000 shares)		0.1		—			1.8			—			—			—			—

Tax benefit on exercise of stock options		—		—			0.3			—			—			—			—

Reduction of pension plan additional minimum liability, net of tax benefit of $0.5		—		—			—			—			—			(0.9	)		—

Change in unrealized gain on hedged transactions, net of change in accrued tax of $29.0		—		—			—			—			—			(47.4	)		—

Restricted stock cancellation (10,203 shares)		—		—			(0.4	)		—			—			—			—

Amortization of unearned compensation on restricted stock		—		—			—			—			0.1			—			—

Treasury stock used for dividend reinvestment plans and to pay employee and director benefits (2,615 shares)		—		—			—			—			—			—			0.1


Balance at September 30, 2005	$	67.5	$	68.1		$	1,621.6		$	213.5		$	—		$	(74.6	)	$	(485.8	)