Bank of Montreal 2013 Annual Report Download - page 95

SUPPLEMENTAL INFORMATION
Table 3: Returns on Equity and Assets ($ millions, except as noted)
For the year ended October 31 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
Reported net income 4,248 4,189 3,114 2,810 1,787 1,978 2,131 2,663 2,396 2,295
Attributable to non-controlling interest in subsidiaries (1) 65 74 73 na na na na na na na
Preferred dividends 120 136 146 136 120 73 43 30 30 31
Reported net income available to common shareholders 4,063 3,979 2,895 2,674 1,667 1,905 2,088 2,633 2,366 2,264
Average common shareholders’ equity 27,197 25,106 19,145 17,980 16,865 14,612 14,506 13,703 12,577 11,696
Return on equity (%) 14.9 15.9 15.1 14.9 9.9 13.0 14.4 19.2 18.8 19.4
Return on average assets (%) 0.75 0.76 0.65 0.71 0.41 0.50 0.59 0.86 0.81 0.87
Return on average risk-weighted assets (%) (2) 1.95 1.98 1.70 1.74 0.97 1.07 1.20 1.71 1.63 1.67
Return on average assets available to
common shareholders (%) 0.73 0.73 0.62 0.67 0.38 0.48 0.58 0.85 0.80 0.86
Average equity to average total assets (%) 0.05 0.05 0.04 0.05 0.04 0.04 0.04 0.04 0.04 0.04
Adjusted net income 4,276 4,092 3,275 2,916 2,372 2,513 2,881 2,752 2,386 2,260
Adjusted net income available to common shareholders 4,091 3,882 3,056 2,780 2,252 2,440 2,838 2,722 2,356 2,229
Adjusted return on equity (%) 15.0 15.5 16.0 15.0 12.9 16.2 19.0 19.3 18.3 18.9
Adjusted return on average assets (%) 0.76 0.74 0.68 0.71 0.52 0.61 0.78 0.87 0.78 0.85
Adjusted return on average risk-weighted assets (%) (2) 1.97 1.93 1.79 1.76 1.25 1.32 1.58 1.71 1.58 1.65
Adjusted return on average assets available to common
shareholders (%) 0.74 0.71 0.65 0.68 0.50 0.59 0.77 0.86 0.77 0.84
Supplemental Information
2010 and prior based on CGAAP.
(1) Prior to 2011, under CGAAP, non-controlling interest in subsidiaries was deducted in the determination of net income.
(2) Beginning in 2008, return on average risk-weighted assets has been calculated under the Basel II guidelines; for all prior periods, return on average risk-weighted assets has been calculated using the
Basel I methodology.
na – not applicable
Table4:Summary BalanceSheet ($ millions)
As at October 31 2013 2012 2011 2010 2009
Assets
Cash and cash equivalents 26,083 19,941 19,676 17,368 9,955
Interest bearing deposits with banks 6,518 6,341 5,980 3,186 3,340
Securities 134,981 128,324 122,115 123,399 110,813
Securities borrowed or purchased under resale agreements (1) 39,799 47,011 37,970 28,102 36,006
Net loans and acceptances 279,095 253,835 238,885 176,643 167,829
Other assets 50,823 69,997 75,949 62,942 60,515
Total assets 537,299 525,449 500,575 411,640 388,458
Liabilities and Shareholders’ Equity
Deposits 366,821 323,702 302,373 249,251 236,156
Other liabilities 134,538 167,102 164,197 135,933 126,719
Subordinated debt 3,996 4,093 5,348 3,776 4,236
Capital trust securities 463 462 821 800 1,150
Share capital
Preferred 2,265 2,465 2,861 2,571 2,571
Common 12,003 11,957 11,332 6,927 6,198
Contributed surplus 315 213 113 92 79
Retained earnings 15,224 13,540 11,381 12,848 11,748
Accumulated other comprehensive gain (loss) 602 480 666 (558) (399)
Non-controlling interest in subsidiaries 1,072 1,435 1,483 – –
Total liabilities and shareholders’ equity 537,299 525,449 500,575 411,640 388,458
Average Daily Balances
Net loans and acceptances 266,064 246,119 215,414 171,554 182,097
Assets 555,682 544,264 469,934 398,474 438,548
2010 and prior based on CGAAP.
(1) Certain securities borrowed or purchased under resale agreements have been reclassified to loans and acceptances in 2012.
106 BMO Financial Group 196th Annual Report 2013