diff -r 01611e7c36ff -r 9ab2b3b730ee mercurial/commands.py
--- a/mercurial/commands.py	Mon Nov 07 03:14:53 2011 +0100
+++ b/mercurial/commands.py	Mon Nov 07 03:14:54 2011 +0100
@@ -2189,7 +2189,7 @@
         if ent[1] & 020000:
             mode = 'lnk'
         else:
-            mode = '%3o' % (ent[1] & 0777)
+            mode = '%3o' % (ent[1] & 0777 & ~util.umask)
         ui.write("%c %s %10d %s%s\n" % (ent[0], mode, ent[2], timestr, file_))
     for f in repo.dirstate.copies():
         ui.write(_("copy: %s -> %s\n") % (repo.dirstate.copied(f), f))