TD Bank 2010 Annual Report Download - page 114

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TD BANK GROUP ANNUAL REPORT 2010 FINANCIAL RESULTS112
Accumulated depreciation at the end of 2009 was $2,043 million.
Depreciation expense amounted to $601 million for 2010 (2009 –
$600 million; 2008 – $438 million).
Deposits by Type
(millions of Canadian dollars) 2010 2009
Demand Notice Term Total Total
Personal $ 15,126 $ 157,013 $ 77,112 $ 249,251 $ 223,228
Banks 3,903 20 8,585 12,508 5,480
Business and government 30,611 66,663 47,947 145,221 126,907
Trading – – 22,991 22,991 35,419
Total1 $ 49,640 $ 223,696 $ 156,635 $ 429,971 $ 391,034
Non-interest-bearing deposits included above
In domestic offices $ 7,383 $ 6,302
In foreign offices 8,292 6,194
Interest-bearing deposits included above
In domestic offices 233,489 219,890
In foreign offices 178,355 157,556
U.S. federal funds deposited 2,452 1,092
Total1 $ 429,971 $ 391,034
Net Book Value
(millions of Canadian dollars) 2010 2009
Accumulated Net book Net book
Cost depreciation value value
Land $ 830 $ – $ 830 $ 804
Buildings 1,975 608 1,367 1,298
Computer equipment and software 1,197 517 680 502
Furniture, fixtures and other equipment 1,382 708 674 834
Leasehold improvements 1,148 452 696 640
Total $ 6,532 $ 2,285 $ 4,247 $ 4,078
Other Assets
(millions of Canadian dollars) 2010 2009
Amounts receivable from brokers, dealers and clients $ 8,132 $ 6,136
Accounts receivable, prepaid expenses and other items 5,865 4,587
Prepaid pension expense 1,223 1,156
Insurance-related assets, excluding investments 1,319 1,110
Accrued interest 1,040 1,081
Trading commodities1 2,249 –
Total $ 19,828 $ 14,070
1
Effective Q4 2010, precious metals have been reclassified from cash and due from
banks and interest-bearing deposits to trading commodities (2009 – $1,077 million).
1
Included in deposit liabilities on the Consolidated Balance Sheet is $2 billion
(2009 – nil) due to covered bond holders; $350 million (2009 – $350 million)
due to TD Capital Trust ll; and $1,750 million (2009 – $1,750 million) due to
TD Capital Trust lV.
OTHER ASSETS
NOTE 11
DEPOSITS
NOTE 12
Demand deposits are those for which the Bank does not have the right
to require notice prior to withdrawal. These deposits are in general
chequing accounts.
Notice deposits are those for which the Bank can legally require notice
prior to withdrawal. These deposits are in general savings accounts.
Term deposits are those payable on a fixed date of maturity
purchased by customers to earn interest over a fixed period. The terms
are from one day to 10 years. Accrued interest on deposits, calculated
using the effective interest rate method, is included in other liabilities
on the Consolidated Balance Sheet. The deposits are generally term
deposits, guaranteed investment certificates and similar instruments.
The aggregate amount of term deposits in denominations of $100,000
or more as at October 31, 2010 was $100 billion (2009 – $98 billion).
Certain deposit liabilities are classified as trading and accounted for
at fair value with the change in fair value recognized in the Consolidated
Statement of Income.