Bank of Montreal 2015 Annual Report Download - page 123

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Consolidated Financial Statements
CONSOLIDATED FINANCIAL STATEMENTS
Consolidated Statement of Comprehensive Income
For the Year Ended October 31 (Canadian $ in millions) 2015 2014 2013
Net Income $ 4,405 $ 4,333 $ 4,195
Other Comprehensive Income (Loss)
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 (1) (166) 28 (10)
Reclassification to earnings of (gains) in the year (2) (65) (77) (50)
(231) (49) (60)
Net change in unrealized gains (losses) on cash flow hedges
Gains (losses) on cash flow hedges arising during the year (3) 528 247 (25)
Reclassification to earnings of (gains) on cash flow hedges (4) (57) (98) (125)
471 149 (150)
Net gain on translation of net foreign operations
Unrealized gains on translation of net foreign operations 3,187 1,378 741
Unrealized (losses) on hedges of net foreign operations (5) (482) (415) (409)
2,705 963 332
Items that will not be reclassified to net income
Gains (losses) on remeasurement of pension and other employee future benefit plans (6) 200 (125) 298
Gains on remeasurement of own credit risk on financial liabilities designated at fair value (Note 1) (7) 120 ––
320 (125) 298
Other Comprehensive Income 3,265 938 420
Total Comprehensive Income $ 7,670 $ 5,271 $ 4,615
Attributable to:
Bank shareholders 7,635 5,215 4,550
Non-controlling interest in subsidiaries (Notes 16 and 17) 35 56 65
Total Comprehensive Income $ 7,670 $ 5,271 $ 4,615
(1) Net of income tax (provision) recovery of $63 million, $(22) million and $9 million for the year ended, respectively.
(2) Net of income tax provision of $24 million, $37 million and $22 million for the year ended, respectively.
(3) Net of income tax (provision) recovery of $(188) million, $(79) million and $12 million for the year ended, respectively.
(4) Net of income tax provision of $14 million, $28 million and $45 million for the year ended, respectively.
(5) Net of income tax recovery of $167 million, $144 million and $146 million for the year ended, respectively.
(6) Net of income tax (provision) recovery of $(51) million, $63 million and $(126) million for the year ended, respectively.
(7) Net of income tax provision of $43 million for the year ended October 31, 2015.
The accompanying notes are an integral part of these consolidated financial statements.
136 BMO Financial Group 198th Annual Report 2015