TD Bank 2002 Annual Report Download - page 74

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72
FINANCIAL RESULTS
Results by business segment
(millions of dollars)
TD TD TD Wealth
2002 Canada Trust Securities Management Other Total
Net interest income
(on a taxable equivalent basis) $ 4,058 $ 1,496 $ 435 $ (467) $ 5,522
Provision for credit losses 505 2,490 – (70) 2,925
Other income 1,710 1,159 1,777 283 4,929
Non-interest expenses excluding non-cash
intangible amortization 3,501 1,232 1,961 60 6,754
Income (loss) before provision for (benefit of) income
taxes and non-controlling interest 1,762 (1,067) 251 (174) 772
Provision for (benefit of) income taxes
(on a taxable equivalent basis) 648 (404) 120 (184) 180
Non-controlling interest in net income
of subsidiaries ––– 34 34
Net income (loss) – cash basis $ 1,114 $ (663) $ 131 $ (24) $ 558
Non-cash intangible amortization, net of income taxes 634
Net income (loss) – accrual basis $ (76)
Total assets $ 114,600 $ 131,100 $ 23,700 $ 8,640 $ 278,040
2001
Net interest income
(on a taxable equivalent basis) $ 3,951 $ 886 $ 480 $ (681) $ 4,636
Provision for credit losses 380 327 – 213 920
Other income 1,688 2,251 1,834 674 6,447
Non-interest expenses excluding non-cash
goodwill/intangible amortization and
restructuring costs 3,467 1,368 2,031 59 6,925
Restructuring costs – – – 239 239
Income (loss) before provision for (benefit of) income
taxes and non-controlling interest 1,792 1,442 283 (518) 2,999
Provision for (benefit of) income taxes
(on a taxable equivalent basis) 702 528 129 (417) 942
Non-controlling interest in net income
of subsidiaries – – 6 39 45
Net income (loss) – cash basis $ 1,090 $ 914 $ 148 $ (140) $ 2,012
Non-cash intangible amortization, net of income taxes 440
Non-cash goodwill amortization, net of income taxes 189
Net income – accrual basis $ 1,383
Total assets $ 112,200 $ 145,200 $ 23,200 $ 7,238 $ 287,838
2000
Net interest income
(on a taxable equivalent basis) $ 3,265 $ 428 $ 604 $ (493) $ 3,804
Provision for credit losses 332 210 1 (63) 480
Other income 1,438 2,295 2,379 288 6,400
Non-interest expenses excluding non-cash
goodwill/intangible amortization 2,944 1,189 2,167 7 6,307
Restructuring costs – – – 475 475
Income (loss) before provision for (benefit of) income
taxes and non-controlling interest 1,427 1,324 815 (624) 2,942
Provision for (benefit of) income taxes
(on a taxable equivalent basis) 602 546 345 (375) 1,118
Non-controlling interest in net income
of subsidiaries – – 36 41 77
Net income (loss) – cash basis $ 825 $ 778 $ 434 $ (290) $ 1,747
Non-cash intangible amortization, net of income taxes 589
Non-cash goodwill amortization, net of income taxes 133
Net income – accrual basis $ 1,025