Bank of Montreal 2000 Annual Report Download - page 104

Supplemental Information
80 ■Bank of Montreal Group of Companies Annual Report 2000
Table 13 Impaired Loans and Acceptances by Accounting Classification ($ millions)
As at or for the year ended October 31 2000 1999 1998 1997 1996
Gross impaired loans and acceptances, beginning of year 1,092 824 787 1,397 1,730
Additions to impaired loans and acceptances 1,106 1,084 621 660 959
Reductions in impaired loans and acceptances (a) (446) (623) (389) (936) (948)
Net new additions (reductions) 660 461 232 (276) 11
Write-offs (251) (193) (195) (334) (344)
Gross impaired loans and acceptances, end of year 1,501 1,092 824 787 1,397
Allowance for credit losses (ACL) (b), beginning of year 1,348 1,166 1,145 1,033 895
Increases – specific allowance 390 290 106 169 437
Increases – general allowance 110 85 110 200 0
Transfer of allowance 00 0 100 150
Write-offs (c) (251) (193) (195) (357) (449)
Allowance for credit losses (b), end of year 1,597 1,348 1,166 1,145 1,033
Net impaired loans and acceptances (NIL), beginning of year (256) (342) (358) 364 835
Change in gross impaired loans and acceptances 409 268 37 (610) (333)
Change in allowance for credit losses (249) (182) (21) (112) (138)
Net impaired loans and acceptances, end of year (96) (256) (342) (358) 364
Table 14 Balance Sheet Summary ($ millions)
As at October 31 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991
Assets
Cash resources 18,508 24,036 19,730 32,245 24,187 20,317 14,659 12,081 11,288 13,607
Securities 46,463 43,273 43,465 41,789 36,609 33,019 26,535 23,328 22,581 17,862
Loans (net) 133,817 138,001 129,691 114,918 98,413 88,442 88,634 74,028 68,251 60,172
Acceptances 8,630 6,753 6,944 5,594 4,397 4,469 3,430 3,555 2,878 3,712
Other assets 25,978 18,552 22,760 13,292 6,226 5,587 4,917 3,877 4,037 3,372
Total assets 233,396 230,615 222,590 207,838 169,832 151,834 138,175 116,869 109,035 98,725
Liabilities and Shareholders’ Equity
Deposits 156,697 156,874 143,983 144,212 119,262 109,605 98,241 87,859 86,601 77,769
Other liabilities 59,847 58,048 63,208 50,892 39,670 32,602 31,178 20,961 15,604 14,836
Subordinated debt 4,911 4,712 4,791 3,831 3,314 2,595 2,218 2,363 1,666 1,570
Share capital
Preferred 1,681 1,668 1,958 1,274 857 858 860 852 832 718
Common 3,173 3,190 3,095 3,019 2,989 3,002 3,002 2,632 2,539 2,416
Retained earnings 7,087 6,123 5,555 4,610 3,740 3,172 2,676 2,202 1,793 1,416
Total liabilities and shareholders’ equity 233,396 230,615 222,590 207,838 169,832 151,834 138,175 116,869 109,035 98,725
Average Balances
Loans 135,339 135,596 130,686 113,136 94,598 87,028 77,292 73,918 66,469 58,227
Assets 234,944 226,714 227,450 196,721 158,316 144,115 122,234 113,387 104,591 94,118
Table 15 Unrealized Gains (Losses) on Securities (e) (g) ($ millions)
As at October 31 2000 1999 1998 1997 1996
Investment securities
Government debt and other securities
Canadian governments 13 21 NA NA NA
U.S. governments (84) (92) NA NA NA
Mortgage-backed securities (139) (175) NA NA NA
Corporate debt and equity (16) (94) NA NA NA
Other governments 010 NA NA NA
Total government debt and other securities (226) (330) 315 293 148
Grupo Financiero Bancomer 277 (226) (190) 118 132
Designated lesser-developed countries (LDC) (d) 018 65 102 195
Equity investment in 724 Solutions Inc. (f) 134 0000
185 (538) 190 513 475
(a) Loans and acceptances returning to performing status, sales and repayments.
(b) Excludes ACL for off-balance sheet exposure. Also excludes LDC reservations in excess
of impaired loans (2000 – $0, 1999 – $79 million, 1998 – $98 million, 1997 – $93 million,
1996 – $108 million, 1995 – $360 million).
(c) Write-offs on designated LDC include losses on sales of performing assets that were
charged directly against the allowance ( 2000 – $45 million, 1999 – $0, 1998 – $0,
1997 – $3 million, 1996 – $109 million, 1995 – $115 million).
(d) Includes unrealized gain on LDC loans.
(e) Unrealized gains and losses may be offset by structural positions and hedge contracts.
(f) The investment in 724 Solutions Inc. is a means of establishing a strategic alliance to
augment a client service provider relationship. The benefits to the Bank of this alliance
include access to necessary channel technology for delivery of financial services in an
e-commerce environment.
(g) Excludes unrealized losses in translation of net investment in foreign operations.
NA
– Not available