Bank of Montreal 2014 Annual Report Download - page 111
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Consolidated Financial Statements
CONSOLIDATED FINANCIAL STATEMENTS
Consolidated Statement of Comprehensive Income
For the Year Ended October 31 (Canadian $ in millions) 2014 2013 2012
Net income $ 4,333 $ 4,195 $ 4,156
Other Comprehensive Income (Loss)
Items that will not be reclassified to net income
Re-measurement of pension and other employee future benefit plans (1) (125) 298 (440)
(125) 298 (440)
Items that may subsequently be reclassified to net income
Net change in unrealized gains (losses) on available-for-sale securities
Unrealized gains (losses) on available-for-sale securities arising during the year (2) 28 (10) 24
Reclassification to earnings of (gains) in the year (3) (77) (50) (81)
(49) (60) (57)
Net change in unrealized gains (losses) on cash flow hedges
Gains (losses) on cash flow hedges arising during the year (4) 247 (25) (62)
Reclassification to earnings of (gains) on cash flow hedges (5) (98) (125) (107)
149 (150) (169)
Net gain on translation of net foreign operations
Unrealized gain on translation of net foreign operations 1,378 741 75
Impact of hedging unrealized (loss) on translation of net foreign operations (6) (415) (409) (35)
963 332 40
Other Comprehensive Income (Loss) 938 420 (626)
Total Comprehensive Income $ 5,271 $ 4,615 $ 3,530
Attributable to:
Bank shareholders 5,215 4,550 3,456
Non-controlling interest in subsidiaries (Notes 18 and 20) 56 65 74
Total Comprehensive Income $ 5,271 $ 4,615 $ 3,530
(1) Net of income tax (provision) recovery of $63 million, ($126) million and $177 million for
the year ended, respectively.
(2) Net of income tax (provision) recovery of $(22) million, $9 million and $(13) million for the
year ended, respectively.
(3) Net of income tax provision of $37 million, $22 million and $39 million for the year ended,
respectively.
(4) Net of income tax (provision) recovery of $(79) million, $12 million and $10 million for the
year ended, respectively.
(5) Net of income tax provision of $28 million, $45 million and $38 million for the year ended,
respectively.
(6) Net of income tax recovery of $144 million, $146 million and $13 million for the year ended,
respectively.
The accompanying notes are an integral part of these consolidated financial statements.
Certain comparative figures have been reclassified to conform with the current year’s
presentation and for changes in accounting policies – see Note 1.
124 BMO Financial Group 197th Annual Report 2014