Bank of Montreal 2012 Annual Report Download - page 181

Download and view the complete annual report

Please find page 181 of the 2012 Bank of Montreal annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 193

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193

Notes
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Reconciliation of Consolidated Balance Sheet as Reported under Canadian GAAP to IFRS
The following is a reconciliation of our Consolidated Balance Sheet reported in accordance with Canadian GAAP to our Consolidated Balance Sheet
reported in accordance with IFRS as at the transition date of November 1, 2010:
(Canadian $ in millions)
Canadian
GAAP
balances Consolidation(a,t)
Asset
securitization(b,t)
Pension and
other employee
future benefits(c)
Non-controlling
interest(d)
Translation of
net foreign
operations(e) Reinsurance(f) Other(g)-(t)
Total IFRS
adjustments
IFRS
balances
Assets
Cash and cash equivalents 17,368 27 65 – – – – – 92 17,460
Interest bearing deposits
with banks 3,186 1,971 – – – – – – 1,971 5,157
Securities 123,399 4,670 (8,387) – – – – (170) (3,887) 119,512
Securities borrowed or
purchased under resale
agreements 28,102 – – – – – – – – 28,102
Loans 178,521 (1,975) 30,595 – – – – 90 28,710 207,231
Allowance for credit losses (1,878) 56 (138) – – – – (4) (86) (1,964)
Other assets 62,942 (561) (38) (1,048) – – 873 44 (730) 62,212
Total assets 411,640 4,188 22,097 (1,048) – – 873 (40) 26,070 437,710
Liabilities
Deposits 249,251 2,079 (986) – – – – – 1,093 250,344
Other liabilities 135,933 1,801 23,286 171 (1,338) – 873 (6) 24,787 160,720
Subordinated debt 3,776 – – – – – – – – 3,776
Capital trust securities 800 445 – – – – – (58) 387 1,187
Shareholders’ Equity
Share capital 9,498 – – – – – – – – 9,498
Contributed surplus 92 – – – – – – (1) (1) 91
Retained earnings 12,848 (137) 22 (1,219) – (1,135) – (198) (2,667) 10,181
Accumulated other
comprehensive income
(loss) (558) – (225) – – 1,135 – 60 970 412
Total shareholders’ equity 21,880 (137) (203) (1,219) – – – (139) (1,698) 20,182
Non-controlling interest in
subsidiaries – – – – 1,338 – – 163 1,501 1,501
Total equity 21,880 (137) (203) (1,219) 1,338 – – 24 (197) 21,683
Total liabilities and equity 411,640 4,188 22,097 (1,048) – – 873 (40) 26,070 437,710
Reconciliation of Equity as Reported under Canadian GAAP to IFRS
The following is a reconciliation of our equity reported in accordance with Canadian GAAP to our equity reported in accordance with IFRS:
(Canadian $ in millions)
November 1,
2010
October 31,
2011
As reported under Canadian GAAP 21,880 28,123
Reclassification of non-controlling interest in subsidiaries to equity under IFRS 1,338 1,348
Share Capital – 142
Contributed Surplus (1) –
Retained Earnings
Consolidation (a) (137) (214)
Asset securitization (b) 22 (88)
Pension and other employee future benefits (c) (1,219) (1,158)
Translation of net foreign operations (e) (1,135) (1,135)
Business combinations (o) – (62)
Other (198) (237)
Accumulated Other Comprehensive Income (Loss)
Consolidation (a) –2
Asset securitization (b) (225) (205)
Translation of net foreign operations (e) 1,135 1,135
Other 60 50
Non-controlling interest in subsidiaries (d) 163 135
As reported under IFRS 21,683 27,836
178 BMO Financial Group 195th Annual Report 2012